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Financial Instruments: Derivatives and Hedging (Tables)
 12 Months Ended
Dec. 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 as of December 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 Cap$85,000 4.000 %March 2021March 2022Other Assets$— 
Interest Rate Cap111,869 3.500 %November 2021November 2022Other Assets1 
Interest Rate Swap100,000 0.212 %January 2021January 2023Other Assets376 
Interest Rate Swap400,000 0.184 %January 2022February 2023Other Assets1,519 
Interest Rate Swap100,000 1.161 %November 2021July 2023Other Liabilities(733)
Interest Rate Swap200,000 1.131 %November 2021July 2023Other Liabilities(1,371)
Interest Rate Swap150,000 2.696 %December 2021January 2024Other Liabilities(5,625)
Interest Rate Swap150,000 2.721 %December 2021January 2026Other Liabilities(9,369)
Interest Rate Swap200,000 2.740 %December 2021January 2026Other Liabilities(12,814)
$(28,016)
The following table summarizes the notional value at inception and fair value of our joint ventures' derivative financial instruments as of December 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 ValueStrike RateEffective DateExpiration DateClassificationFair Value
Interest Rate Cap$220,000 4.000 %February 2020February 2022$— 
Interest Rate Cap1,075,000 2.850 %September 2021September 20225 
Interest Rate Cap125,000 2.850 %September 2021September 20221 
Interest Rate Cap23,000 4.750 %January 2021January 20231 
Interest Rate Cap510,000 3.000 %December 2021June 2023155 
Interest Rate Cap1,250,000 1.250 %November 2020October 20248,657 
Interest Rate Swap177,000 1.669 %March 2016February 2026(3,560)
$5,259 
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 years ended December 31, 2021, 2020, and 2019, respectively (in thousands):
 Amount of Loss
Recognized in
Other Comprehensive Loss		Location of (Loss) Gain Reclassified from Accumulated Other Comprehensive Loss into Income Amount of (Loss) Gain
Reclassified from
Accumulated Other Comprehensive Loss into Income
Year Ended
December 31,		Year Ended
December 31,
Derivative202120202019202120202019
Interest Rate Swaps/Caps$15,643 $(51,244)$(33,907)Interest expense$(17,602)$(14,569)$(261)
Share of unconsolidated joint ventures' derivative instruments(19,400)(7,977)(10,322)Equity in net (loss) income from unconsolidated joint ventures(7,582)(4,911)256 
$(3,757)$(59,221)$(44,229)$(25,184)$(19,480)$(5)