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Accumulated Other Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2023
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]  
Summary of Changes in Accumulated Other Comprehensive Income by Component

The following table sets forth changes in accumulated other comprehensive income by component for the three months ended March 31, 2023 and 2022, respectively, including amounts attributable to noncontrolling interests in the Operating Partnership.

 

 

 

For the Three Months Ended March 31,

 

(Amounts in thousands)

 

2023

 

 

2022

 

Amount of (loss) income related to the cash flow hedges recognized
   in other comprehensive (loss) income
(1)

$

(1,039

)

 

$

18,173

 

Amounts reclassified from accumulated other comprehensive
   income (decreasing) increasing interest and debt expense
(1)

 

(7,351

)

 

 

372

 

Amount of (loss) income related to unconsolidated joint ventures
   recognized in other comprehensive (loss) income
(2)

 

(573

)

 

 

9,495

 

Amounts reclassified from accumulated other comprehensive income
   (decreasing) increasing loss from unconsolidated joint ventures
 (2)

 

(1,990

)

 

 

958

 

 

(1)
Represents amounts related to interest rate swaps with an aggregate notional value of $500,000 and interest rate caps with an aggregate notional value of $360,000, which were designated as cash flow hedges.
(2)
Primarily represents amounts related to an interest rate swap with a notional value of $402,000, which was designated as a cash flow hedge.