XML 67 R56.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Derivative Financial Instruments - Schedule of Floating to Fixed Interest Rate Swaps (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Apr. 17, 2024
Apr. 16, 2024
Feb. 01, 2024
Dec. 31, 2023
Derivative [Line Items]          
Notional Amount $ 1,260,740       $ 1,786,163
Interest rate swaps          
Derivative [Line Items]          
Notional Amount 1,187,178        
Derivatives not designated as accounting hedges          
Derivative [Line Items]          
Notional Amount 1,020,000       1,020,000
Derivatives not designated as accounting hedges | Interest rate swaps          
Derivative [Line Items]          
Notional Amount 1,020,000 $ 100,000 $ 79,000   1,020,000
Derivatives not designated as accounting hedges | Market at Mill Creek loan | Interest rate swaps          
Derivative [Line Items]          
Notional Amount $ 11,053 $ 11,100      
Swap Fixed Rate   3.43%      
Debt Effective Rate 5.09%        
Derivatives not designated as accounting hedges | Harbor Point Parcel 3 senior construction loan 4.70% | Interest rate swaps          
Derivative [Line Items]          
Notional Amount $ 90,000        
Swap Fixed Rate 2.75%        
Debt Effective Rate 4.82%        
Notional amount, terminated $ 180,400        
Amount paid to buy down the swap fixed rate 3,600        
Derivatives not designated as accounting hedges | Floating rate pool of loans 2.75% | Interest rate swaps          
Derivative [Line Items]          
Notional Amount $ 330,000        
Swap Fixed Rate 2.75%        
Debt Effective Rate 4.38%        
Amount paid to buy down the swap fixed rate $ 13,300        
Derivatives not designated as accounting hedges | Harbor Point Parcel 4 Senior Construction Loan | Interest rate swaps          
Derivative [Line Items]          
Notional Amount $ 100,000        
Swap Fixed Rate 2.75%        
Debt Effective Rate 5.12%        
Notional amount, terminated $ 109,700        
Amount paid to buy down the swap fixed rate 3,900        
Derivatives not designated as accounting hedges | Floating rate pool of loans | Interest rate swaps          
Derivative [Line Items]          
Notional Amount $ 300,000        
Swap Fixed Rate 2.75%        
Debt Effective Rate 4.38%        
Amount paid to buy down the swap fixed rate $ 10,500        
Derivatives not designated as accounting hedges | Revolving credit facility and TD unsecured term loan | Interest rate swaps          
Derivative [Line Items]          
Notional Amount $ 100,000        
Swap Fixed Rate 3.20%        
Debt Effective Rate 4.84%        
Derivatives not designated as accounting hedges | Liberty Retail & Apartments loan | Interest rate swaps          
Derivative [Line Items]          
Notional Amount $ 21,000     $ 21,000  
Swap Fixed Rate 3.43%        
Debt Effective Rate 4.93%        
Derivatives not designated as accounting hedges | Senior Unsecured Term Loan 3.43% | Interest rate swaps          
Derivative [Line Items]          
Notional Amount $ 67,947        
Swap Fixed Rate 3.43%        
Debt Effective Rate 4.98%        
Derivatives designated as accounting hedges | Interest rate swaps          
Derivative [Line Items]          
Notional Amount $ 167,178       $ 667,894
Derivatives designated as accounting hedges | Thames Street Wharf loan | Interest rate swaps          
Derivative [Line Items]          
Notional Amount $ 67,178        
Swap Fixed Rate 0.93%        
Debt Effective Rate 2.33%        
Derivatives designated as accounting hedges | M&T unsecured term loan | Interest rate swaps          
Derivative [Line Items]          
Notional Amount $ 100,000        
Swap Fixed Rate 3.50%        
Debt Effective Rate 5.05%