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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
12 Months Ended
Dec. 31, 2023
ACCUMULATED OTHER COMPREHENSIVE LOSS  
Summary of changes in accumulated other comprehensive loss by component

Accumulated other comprehensive loss represents unrealized losses on interest rate swaps (see note 10). The following table summarizes the changes in accumulated other comprehensive loss for the years ended December 31, 2023 and 2022.

December 31,

2023

2022

(in thousands)

Beginning balance

$

(494)

$

(575)

Reclassification of realized losses on interest rate swaps (1)

81

81

Ending balance

(413)

(494)

Less: portion included in noncontrolling interests in the Operating Partnership

2

3

Total accumulated other comprehensive loss included in equity

$

(411)

$

(491)

(1)See note 10 for additional information about the effects of the amounts reclassified.