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Derivative Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of derivative instruments | The following table summarizes the terms and fair values of the Company's derivative financial instruments, as well as their classification on the Consolidated Balance Sheets:
|  |  |  |  |  |  |  |  |  |  | Fair Value |
(in thousands) |  |  |  |  |  |  |  |  |  |  | Assets (Liabilities) (1) |
Effective Date |  | Maturity Date |  | Notional Amount |  |  | Bank Pays Variable Rate of |  | Regency Pays Fixed Rate of |  | September 30, 2023 |  |  | December 31, 2022 |
12/1/22 |  | 3/17/25 |  |  | 24,000 |  |  | SOFR |  | 1.443% |  |  | 1,250 |  |  |  | 1,443 |
12/16/22 |  | 6/2/27 |  |  | 35,016 |  |  | SOFR |  | 2.261% |  |  | 2,485 |  |  |  | 2,158 |
1/17/23(2) |  | 8/15/24 |  |  | 13,134 |  |  | SOFR |  | 3.995% |  |  | 316 |  |  |  | - |
7/17/17(2) |  | 7/1/27 |  |  | 43,446 |  |  | SOFR |  | 1.498% |  |  | 4,341 |  |  |  | - |
9/21/16(2) |  | 10/1/26 |  |  | 8,856 |  |  | SOFR |  | 1.475% |  |  | 752 |  |  |  | - |
8/16/18(2) |  | 8/15/28 |  |  | 8,830 |  |  | SOFR |  | 4.830% |  |  | 505 |  |  |  | - |
3/18/19(2) |  | 4/1/29 |  |  | 23,193 |  |  | SOFR |  | 3.165% |  |  | 1,325 |  |  |  | - |
2/1/22(2) |  | 2/1/32 |  |  | 33,854 |  |  | SOFR |  | 3.053% |  |  | 6,508 |  |  |  | - |
1/3/23(2) |  | 7/1/29 |  |  | 11,008 |  |  | SOFR |  | 3.633% |  |  | 1,289 |  |  |  | - |
1/3/23(2) |  | 11/1/24 |  |  | 5,000 |  |  | SOFR |  | 3.705% |  |  | 163 |  |  |  | - |
2/24/23 |  | 12/31/26 |  |  | 15,390 |  |  | SOFR |  | 4.229% |  |  | 131 |  |  |  | 152 |
2/21/23 |  | 12/21/26 |  |  | 24,365 |  |  | SOFR |  | 1.684% |  |  | 2,061 |  |  |  | 1,939 |
9/19/23 |  | 9/19/28 |  |  | 31,000 |  |  | SOFR |  | 4.314% |  |  | 15 |  |  |  | 883 |
10/31/17(2) |  | 10/1/24 |  |  | 6,025 |  |  | SOFR |  | 2.334% |  |  | 187 |  |  |  | - |
|  |  |  |  |  |  |  |  |  |  | $ | 21,328 |  |  |  | 6,575 |
(1) Derivatives in an asset position are included within Other assets in the accompanying Consolidated Balance Sheets, while those in a liability position are included within Accounts payable and other liabilities. (2) Derivative instruments assumed as part of the UBP acquisitions.
Derivative Instruments, Gain (Loss) | The following table represents the effect of the derivative financial instruments on the accompanying Consolidated Financial Statements:
Location and Amount of Gain (Loss) Recognized in OCI on Derivative |  |  | Location and Amount of Gain (Loss) Reclassified from AOCI into Income |  |  | Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded |
|  | Three months ended September 30, |  |  |  |  | Three months ended September 30, |  |  |  |  | Three months ended September 30, |
(in thousands) |  | 2023 |  |  | 2022 |  |  |  |  | 2023 |  |  | 2022 |  |  |  |  | 2023 |  |  | 2022 |
Interest rate swaps |  | $ | 4,606 |  |  |  | 7,069 |  |  | Interest expense |  | $ | (2,161 | ) |  |  | 72 |  |  | Interest expense, net |  | $ | 38,807 |  |  |  | 36,361 |
|  | Nine months ended September 30, |  |  |  |  | Nine months ended September 30, |  |  |  |  | Nine months ended September 30, |
(in thousands) |  | 2023 |  |  | 2022 |  |  |  |  | 2023 |  |  | 2022 |  |  |  |  | 2023 |  |  | 2022 |
Interest rate swaps |  | $ | 7,327 |  |  |  | 20,473 |  |  | Interest expense |  | $ | (5,302 | ) |  |  | 1,563 |  |  | Interest expense, net |  | $ | 112,156 |  |  |  | 109,798 |

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