Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Measurements

Summary of assets and liabilities measured at fair value on a recurring basis

	Fair Value Measurements
	Total		Level 1		Level 2		Level 3
	(In thousands)
December 31, 2021
Derivative financial instruments designated as cash flow hedges:
Classified as assets in "Other assets, net"	$	393		—	$	393		—
Classified as liabilities in "Other liabilities, net"		18,361		—		18,361		—
Derivative financial instruments not designated as accounting hedges:
Classified as assets in "Other assets, net"		558		—		558		—
December 31, 2020
Derivative financial instruments designated as cash flow hedges:
Classified as liabilities in "Other liabilities, net"	$	44,222		—	$	44,222		—
Derivative financial instruments not designated as accounting hedges:
Classified as assets in "Other assets, net"		35		—		35		—

Schedule of financial instruments and liabilities were reflected in our balance sheets

	December 31, 2021				December 31, 2020
	Carrying				Carrying
	Amount (1)		Fair Value		Amount (1)		Fair Value
	(In thousands)
Financial liabilities:
Mortgages payable	$	1,788,259	$	1,814,780	$	1,603,869	$	1,606,470
Revolving credit facility		300,000		300,363		—		—
Unsecured term loans		400,000		400,519		400,000		399,678

(1) The carrying amount consists of principal only.