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Financial Instruments: Derivatives and Hedging (Tables)
 3 Months Ended
Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of notional and fair value of derivative financial instruments and foreign currency hedges
The following table summarizes the notional value at inception and fair value of our consolidated derivative financial instruments at March 31, 2021 based on Level 2 information. The notional value is an indication of the extent of our involvement in these instruments at that time, but does not represent exposure to credit, interest rate or market risks (dollars in thousands).
Notional
Value		Strike
Rate		Effective
Date		Expiration
Date		Balance Sheet LocationFair
Value
Interest Rate Swap$350,000 0.544 %April 2020August 2021Other Liabilities$(472)
Interest Rate Cap111,869 3.500 %December 2020November 2021Other Assets— 
Interest Rate Cap510,000 3.000 %June 2020December 2021Other Assets— 
Interest Rate Swap200,000 0.138 %February 2021February 2022Other Liabilities(3)
Interest Rate Swap100,000 0.136 %February 2021February 2022Other Assets— 
Interest Rate Cap85,000 4.000 %March 2021March 2022Other Assets— 
Interest Rate Swap100,000 0.212 %January 2021January 2023Other Assets95 
Interest Rate Swap400,000 0.160 %February 2021February 2023Other Assets270 
Interest Rate Swap200,000 1.131 %July 2016July 2023Other Liabilities(4,017)
Interest Rate Swap100,000 1.161 %July 2016July 2023Other Liabilities(2,077)
Interest Rate Swap150,000 2.696 %January 2019January 2024Other Liabilities(9,675)
Interest Rate Swap150,000 2.721 %January 2019January 2026Other Liabilities(13,117)
Interest Rate Swap200,000 2.740 %January 2019January 2026Other Liabilities(17,672)
$(46,668)
The following table summarizes the notional value at inception and fair value of our joint ventures' derivative financial instruments at March 31, 2021 based on Level 2 information. The notional value is an indication of the extent of our involvement in these instruments at that time, but does not represent exposure to credit, interest rate or market risks (dollars in thousands).
Notional
Value		Strike
Rate		Effective
Date		Expiration
Date		ClassificationFair
Value
Interest Rate Swap$177,000 1.669 %March 2016February 2026Liability$(6,459)
Interest Rate Cap375,000 2.600 %August 2018September 2021Asset— 
Interest Rate Cap20,026 2.600 %April 2019September 2021Asset— 
Interest Rate Cap198,000 4.000 %August 2019August 2022Asset2 
Interest Rate Cap220,000 4.000 %February 2020February 2022Asset— 
Interest Rate Cap550,000 3.750 %August 2020September 2023Asset138 
Interest Rate Cap1,075,000 3.750 %September 2020September 2021Asset— 
Interest Rate Cap125,000 3.750 %September 2020September 2021Asset— 
Interest Rate Cap1,250,000 1.250 %November 2020October 2024Asset5,764 
Interest Rate Cap23,000 4.750 %January 2021January 2023Asset1 
Interest Rate Swap2,250,000 1.611 %June 2021June 2031Asset42,635 
$42,081 
Schedule of effect of derivative financial instruments on consolidated statements of income
The following table presents the effect of our derivative financial instruments and our share of our joint ventures' derivative financial instruments that are designated and qualify as hedging instruments on the consolidated statements of operations for the three months ended March 31, 2021 and 2020, respectively (in thousands):
 Amount of Gain (Loss)
Recognized in
Other Comprehensive
Income (Loss)		Location of Loss Reclassified from Accumulated Other Comprehensive Loss into Income Amount of Loss Reclassified from
Accumulated Other
Comprehensive Loss into Income
Three Months Ended March 31,Three Months Ended March 31,
Derivative2021202020212020
Interest Rate Swaps/Caps$10,220 $(45,082)Interest expense$(4,388)$(725)
Share of unconsolidated joint ventures' derivative instruments34,955 (7,089)Equity in net loss from unconsolidated joint ventures(1,700)(711)
$45,175 $(52,171)$(6,088)$(1,436)