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Financial Instruments and Fair Values (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of the Terms of Agreements and Fair Values of Derivative Financial Instruments
The table below summarizes the terms of agreement and the fair value of our derivative financial instruments as of December 31, 2023 and 2022 (dollar amounts in thousands):     
December 31, 2023December 31, 2022
DerivativeNotional AmountReceive RatePay RateEffective DateExpiration DateAssetLiabilityAssetLiability
Interest rate swap$36,820 
70% of 1 Month SOFR
2.5000 %December 1, 2021November 1, 2030$64 $— $256 $— 
Interest rate swap103,790 
70% of 1 Month SOFR
2.5000 %December 1, 2021November 1, 2033— (85)365 — 
Interest rate swap10,710 
70% of 1 Month SOFR
1.7570 %December 1, 2021November 1, 2033546 — 643 — 
Interest rate swap15,942 1 Month SOFR2.2540 %December 1, 2021November 1, 2030782 — 1,070 — 
Interest rate cap6,780 
70% of 1 Month SOFR
4.5000 %December 1, 2021October 1, 2024— — 8 — 
Interest rate cap9,188 1 Month SOFR5.5000 %December 1, 2021October 1, 20244 — 26 — 
Interest rate swap175,000 SOFR Compound2.5620 %August 31, 2022December 31, 20265,637 — 8,040 — 
Interest rate swap107,500 SOFR Compound2.6260 %August 19, 2022March 19, 20252,384 — 3,766 — 
Interest rate swap107,500 SOFR OIS Compound2.6280 %August 19, 2022March 19, 20252,383 — 3,762 — 
$11,800 $(85)$17,936 $— 
Schedule of Effect of Derivative Financial Instruments Designated as Cash Flow Hedges
The table below shows the effect of our derivative financial instruments designated as cash flow hedges on accumulated other comprehensive income (loss) for the years ended December 31, 2023, 2022 and 2021 (amounts in thousands):    
Effects of Cash Flow HedgesDecember 31, 2023December 31, 2022December 31, 2021
Amount of gain recognized in other comprehensive income (loss) $5,581 $40,044 $348 
Amount of loss (gain) reclassified from accumulated other comprehensive income (loss) into interest expense7,819 (7,230)(11,653)

The table below shows the effect of our derivative financial instruments designated as cash flow hedges on the consolidated statements of operations for the years ended December 31, 2023, 2022 and 2021 (amounts in thousands):
Effects of Cash Flow HedgesDecember 31, 2023December 31, 2022December 31, 2021
Total interest expense presented on the consolidated statements of income in which the effects of cash flow hedges are recorded$(101,484)(101,206)(94,394)
Amount of loss (gain) reclassified from accumulated other comprehensive income (loss) into interest expense7,819 (7,230)(11,653)
Schedule of the Aggregate Carrying Value of Debt and Estimates of Fair Value of Financial Instruments
The following tables summarize the carrying and estimated fair values of our financial instruments as of December 31, 2023 and 2022 (amounts in thousands):
December 31, 2023
Carrying ValueEstimated Fair Value
 TotalLevel 1Level 2Level 3
Interest rate swaps included in prepaid expenses and other assets$11,800 $11,800 $— $11,800 $— 
Interest rate swaps included in accounts payable and accrued expenses85 85 — 85 — 
Mortgage notes payable877,388 774,280 — — 774,280 
Senior unsecured notes - Series A, B, C, D, E, F, G and H973,872 882,242 — — 882,242 
Unsecured term loan facilities389,286 390,000 — — 390,000 
December 31, 2022
Carrying ValueEstimated Fair Value
 TotalLevel 1Level 2Level 3
Interest rate swaps included in prepaid expenses and other assets$17,936 $17,936 $— $17,936 $— 
Mortgage notes payable883,705 783,648 — — 783,648 
Senior unsecured notes - Series A, B, C, D, E, F, G and H973,659 865,292 — — 865,292 
Unsecured term loan facility388,773 390,000 — — 390,000