Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Financial Assets Measured at Fair Value

The following table summarizes the fair value of our financial assets that are measured at fair value on our consolidated balance sheets as of the dates set forth below, based on their levels in the fair value hierarchy.

	As of December 31, 2022
(Amounts in thousands)	Total		Level 1		Level 2		Level 3
Real estate related fund investments	$	105,369	$	-	$	-	$	105,369
Interest rate swap assets (included in "other assets")		32,681		-		32,681		-
Interest rate cap assets (included in "other assets")		6,123		-		6,123		-
Total assets	$	144,173	$	-	$	38,804	$	105,369
	As of December 31, 2021
(Amounts in thousands)	Total		Level 1		Level 2		Level 3
Interest rate swap assets (included in "other assets")	$	6,691	$	-	$	6,691	$	-
Interest rate cap assets (included in "other assets")		306		-		306		-
Total assets	$	6,997	$	-	$	6,997	$	-

Summary of Changes in Fair Value of Real Estate Related Fund Investments in Level 3

The table below summarizes the changes in the fair value of real estate related fund investments that are classified as Level 3, for the period from December 12, 2022 to December 31, 2022.

	Period from
	December 12, 2022 to
(Amounts in thousands)	December 31, 2022
Beginning balance	$	-
Consolidation of Fund X		104,726
Net unrealized gains		643
Ending balance	$	105,369

Summary of Carrying Amounts and Fair Value of Financial Instruments

The following table summarizes the carrying amounts and fair value of these financial instruments as of the dates set forth below.

	As of December 31, 2022				As of December 31, 2021
	Carrying  Amount		Fair Value		Carrying  Amount		Fair Value
Notes and mortgages payable	$	3,858,000	$	3,566,096	$	3,858,000	$	3,893,252
Revolving credit facility		-		-		-		-
Total liabilities	$	3,858,000	$	3,566,096	$	3,858,000	$	3,893,252