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Fair Value of Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Summary of Recurring Fair Value Measurements
The following table presents information about the Company’s assets and liabilities measured at fair value as of March 31, 2022 and December 31, 2021, aggregated by the level in the fair value hierarchy within which those instruments fall.
(In thousands)Quoted Prices in Active Markets
Level 1		Significant
Other Observable Inputs
Level 2		Significant Unobservable Inputs
Level 3		Total
March 31, 2022
Derivative assets, at fair value$— $13,321 $— $13,321 
Derivative liabilities, at fair value— — — — 
Total $— $13,321 $— $13,321 
December 31, 2021
Derivative assets, at fair value$— $174 $— $174 
Derivative liabilities, at fair value— (13,903)— (13,903)
Total $— $(13,729)$— $(13,729)
Summary of Fair Value by Balance Sheet
The fair values of the Company’s remaining financial instruments that are not reported at fair value on the consolidated balance sheets are reported below:
March 31, 2022December 31, 2021
(In thousands)LevelCarrying Amount Fair Value Carrying AmountFair Value 
Gross mortgage notes payable and mortgage premium and discounts, net
3$587,546 $577,120 $590,425 $594,348 
Credit Facility
3$150,000 $148,954 $150,000 $148,817 
Fannie Mae Master Credit Facilities
3$354,655 $351,223 $355,045 $350,710