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Accumulated Other Comprehensive Loss
9 Months Ended
Sep. 30, 2021
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]  
Accumulated Other Comprehensive Loss

10.

Accumulated Other Comprehensive Loss

 

 

The following table sets forth changes in accumulated other comprehensive loss by component for the three and nine months ended September 30, 2021 and 2020, including amounts attributable to noncontrolling interests in the Operating Partnership.

 

 

 

 

For the Three Months Ended

 

 

For the Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(Amounts in thousands)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Amount of income related to the cash flow hedges recognized

   in other comprehensive loss (1)

 

$

671

 

 

$

-

 

 

$

671

 

 

$

-

 

Amounts reclassified from accumulated other comprehensive

   loss increasing interest and debt expense (1)

 

 

324

 

 

 

-

 

 

 

324

 

 

 

-

 

Amount of (loss) income related to unconsolidated joint ventures

   recognized in other comprehensive loss (2)

 

 

(88

)

 

 

(62

)

 

 

2,693

 

 

 

(16,734

)

Amounts reclassified from accumulated other comprehensive

   loss increasing loss from unconsolidated joint ventures (2)

 

 

1,016

 

 

 

966

 

 

 

2,984

 

 

 

1,281

 

 

(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 interest rate swap with a notional value of $402,000, which was designated as cash flow hedge.