Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

As of December 31, 2021, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate Derivative	Number of Instruments	Notional
Interest Rate Swaps	4	$300,000

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheet.

	As of December 31, 2021			As of December 31, 2020
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Interest Rate Swap Liability	Other liabilities	$	(6,258)	Other liabilities	$	(17,963)

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The table below present the effect of the Company's derivative financial instruments on the consolidated statements of operations for 2021 and 2020:

Derivatives in Cash Flow	Amount of Gain (Loss) Recognized in OCI on Derivative December 31,				Amount of Loss Reclassified from Accumulated OCI into Income (1) December 31,
Hedging Relationships	2021		2020		2021		2020
Interest Rate Swap	$	6,755	$	(19,422)	$	4,950	$	3,387

(1) Amounts reclassified from accumulated other comprehensive income (loss) to interest expense within the consolidated statements of operations.