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DERIVATIVES AND HEDGING ACTIVITIES (Tables)
12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following is a summary of our interest rate swaps that were designated as cash flow hedges of interest rate risk as of December 31, 2022 and 2021 (notional amounts in thousands):
20222021
SOFR SwapsLIBOR Swaps
Count
Notional amount$755,000 $930,000 
Fixed interest rate
1.2% - 2.8%
1.3% - 2.9%
Maturity date
2023 - 2025
2022 - 2025
Weighted-average term (in years)1.61.9
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The table below details the nature of the gain and loss recognized on interest rate derivatives designated as cash flow hedges in the consolidated statements of operations for the years ended December 31, 2022, 2021, and 2020 (in thousands):
  202220212020
Amount of gain (loss) recognized in Other Comprehensive Income (Loss)$46,839 $12,501 $(50,552)
Amount of loss reclassified from AOCI into Interest Expense, Net
4,446 19,499 16,732