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Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of Estimated Fair Value and Carrying Value of Liabilities The table below presents the estimated fair value and carrying value of our secured notes payable (excluding our revolving credit facility), the carrying value includes unamortized loan premium and excludes unamortized deferred loan fees:
(In thousands)June 30, 2020December 31, 2019
Fair value$4,724,042  $4,678,623  
Carrying value$4,707,591  $4,653,264  
The table below presents the estimated fair value and carrying value of our ground lease liability:
(In thousands)June 30, 2020December 31, 2019
Fair value$14,284  $12,218  
Carrying value$10,877  $10,882  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis The table below presents the estimated fair value of our derivatives:
(In thousands)June 30, 2020December 31, 2019
Derivative Assets:
Fair value - consolidated derivatives(1)
$—  $22,381  
Fair value - unconsolidated Fund's derivatives(2)
$—  $889  
Derivative Liabilities:
Fair value - consolidated derivatives(1)
$259,293  $54,616  
Fair value - unconsolidated Fund's derivatives(2)
$543  $—  
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(1) Consolidated derivatives, which include 100%, not our pro-rata share, of our consolidated JVs' derivatives, are included in interest rate contracts in our consolidated balance sheets. The fair values exclude accrued interest which is included in interest payable in the consolidated balance sheets.
(2) The amounts reflect 100%, not our pro-rata share, of our unconsolidated Fund's derivatives. Our pro-rata share of the amounts related to the unconsolidated Fund's derivatives is included in our Investment in unconsolidated Funds in our consolidated balance sheets. See "Guarantees" in Note 16 regarding our unconsolidated Fund's debt and derivatives.