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Financial Instruments: Derivatives and Hedging (Tables)
 9 Months Ended
Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of notional and fair value of derivative financial instruments and foreign currency hedges
The following table summarizes the notional value at inception and fair value of our consolidated derivative financial instruments at September 30, 2020 based on Level 2 information. The notional value is an indication of the extent of our involvement in these instruments at that time, but does not represent exposure to credit, interest rate or market risks (dollars in thousands).
Notional
Value		Strike
Rate		Effective
Date		Expiration
Date		Balance Sheet LocationFair
Value
Interest Rate Swap$100,000 1.928 %December 2017November 2020Other Liabilities$(295)
Interest Rate Swap100,000 1.934 %December 2017November 2020Other Liabilities(296)
Interest Rate Cap111,869 3.500 %December 2019December 2020Other Assets— 
Interest Rate Cap85,000 4.000 %March 2019March 2021Other Assets— 
Interest Rate Swap350,000 0.544 %April 2020August 2021Other Liabilities(978)
Interest Rate Cap510,000 3.000 %June 2020December 2021Other Assets1 
Interest Rate Swap200,000 1.131 %July 2016July 2023Other Liabilities(5,599)
Interest Rate Swap100,000 1.161 %July 2016July 2023Other Liabilities(2,883)
Interest Rate Cap600,000 4.000 %August 2020September 2023Other Assets38 
Interest Rate Swap150,000 2.696 %January 2019January 2024Other Liabilities(12,430)
Interest Rate Swap150,000 2.721 %January 2019January 2026Other Liabilities(19,286)
Interest Rate Swap200,000 2.740 %January 2019January 2026Other Liabilities(25,913)
$(67,641)
Schedule of effect of derivative financial instruments on consolidated statements of income
The following table presents the effect of our derivative financial instruments and our share of our joint ventures' derivative financial instruments that are designated and qualify as hedging instruments on the consolidated statements of operations for the three months ended September 30, 2020 and 2019, respectively (in thousands):
 Amount of Loss
Recognized in
Other Comprehensive
Loss		Location of Loss Reclassified from Accumulated Other Comprehensive Loss into Income Amount of Loss Reclassified from
Accumulated Other
Comprehensive Loss into Income
Three Months Ended September 30,Three Months Ended September 30,
Derivative2020201920202019
Interest Rate Swaps/Caps$(318)$(10,169)Interest expense$(5,162)$(105)
Share of unconsolidated joint ventures' derivative instruments(199)(2,437)Equity in net loss from unconsolidated joint ventures(1,454)(192)
$(517)$(12,606)$(6,616)$(297)
The following table presents the effect of our derivative financial instruments and our share of our joint ventures' derivative financial instruments that are designated and qualify as hedging instruments on the consolidated statements of operations for the nine months ended September 30, 2020 and 2019, respectively (in thousands):
 Amount of Loss
Recognized in
Other Comprehensive
Loss		Location of (Loss) Gain Reclassified from Accumulated Other Comprehensive Loss into Income Amount of (Loss) Gain Reclassified from
Accumulated Other
Comprehensive Loss into Income
Nine Months Ended September 30,Nine Months Ended September 30,
Derivative2020201920202019
Interest Rate Swaps/Caps$(52,808)$(43,008)Interest expense$(9,610)$886 
Share of unconsolidated joint ventures' derivative instruments(8,375)(11,963)Equity in net loss from unconsolidated joint ventures(3,347)713 
$(61,183)$(54,971)$(12,957)$1,599