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Financial Instruments: Derivatives and Hedging (Tables)
 12 Months Ended
Dec. 31, 2022
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, 2022 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$100,000 0.212 %January 2021January 2023 Other Assets $333 
Interest Rate Swap400,000 0.184 %January 2022February 2023 Other Assets 1,453 
Interest Rate Swap50,000 0.633 %February 2022February 2023 Other Assets 158 
Interest Rate Cap370,000 3.250 %December 2022June 2023 Other Assets 2,471 
Interest Rate Cap370,000 3.250 %December 2022June 2023 Other Liabilities (2,465)
Interest Rate Swap100,000 1.163 %November 2021July 2023 Other Assets 2,133 
Interest Rate Swap200,000 1.133 %November 2021July 2023 Other Assets 4,300 
Interest Rate Cap600,000 4.080 %September 2022September 2023 Other Liabilities (3,341)
Interest Rate Cap50,000 3.500 %October 2022September 2023 Other Assets 505 
Interest Rate Swap200,000 4.739 %November 2022November 2023 Other Assets 104 
Interest Rate Cap196,717 3.500 %November 2022November 2023 Other Assets 2,232 
Interest Rate Cap196,717 3.500 %November 2022November 2023 Other Liabilities (2,225)
Interest Rate Swap150,000 2.700 %December 2021January 2024 Other Assets 3,249 
Interest Rate Swap200,000 4.590 %November 2022January 2024 Other Assets 593 
Interest Rate Swap200,000 4.511 %November 2022January 2024 Other Assets 750 
Interest Rate Swap150,000 2.721 %December 2021January 2026 Other Assets 5,848 
Interest Rate Swap200,000 2.762 %December 2021January 2026 Other Assets 7,601 
Interest Rate Swap100,000 3.003 %February 2023February 2027 Other Assets 3,264 
Interest Rate Swap100,000 2.833 %February 2023February 2027 Other Assets 3,888 
Interest Rate Swap50,000 2.563 %February 2023February 2027 Other Assets 2,441 
Interest Rate Swap200,000 2.691 %February 2023February 2027 Other Assets 8,823 
Interest Rate Swap300,000 2.966 %July 2023May 2027 Other Assets 7,514 
Interest Rate Swap370,000 3.888 %November 2022June 2027 Other Liabilities (1,900)
Interest Rate Swap100,000 3.756 %January 2023January 2028 Other Liabilities (211)
$47,518 
The following table summarizes the notional value at inception and fair value of our joint ventures' derivative financial instruments as of December 31, 2022 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$23,000 4.750 %January 2021January 2023$— 
Interest Rate Cap220,000 4.000 %February 2022February 202393 
Interest Rate Cap510,000 3.000 %December 2021June 20234,220 
Interest Rate Cap267,000 4.000 %July 2022August 20231,289 
Interest Rate Cap400,000 3.500 %September 2022September 20233,839 
Interest Rate Cap1,075,000 4.080 %September 2022September 20236,004 
Interest Rate Cap125,000 4.080 %September 2022September 2023698 
Interest Rate Cap118,670 0.490 %February 2022May 202422,669 
Interest Rate Cap118,670 0.490 %February 2022May 202422,652 
Interest Rate Swap177,000 1.669 %December 2022February 202612,576 
$74,040 
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, 2022, 2021, and 2020, respectively (in thousands):
 Amount of Gain (Loss)
Recognized in
Other Comprehensive Income (Loss)		Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income Amount of Gain (Loss) Reclassified from
Accumulated Other Comprehensive Income (Loss) into Income
Year Ended
December 31,		Year Ended
December 31,
Derivative202220212020202220212020
Interest Rate Swaps/Caps$83,162 $15,643 $(51,244)Interest expense$4,989 $(17,602)$(14,569)
Share of unconsolidated joint ventures' derivative instruments24,783 (19,400)(7,977)Equity in net loss from unconsolidated joint ventures(673)(7,582)(4,911)
$107,945 $(3,757)$(59,221)$4,316 $(25,184)$(19,480)