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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of Aggregate Amount and Estimated Net Fair Values of Our Derivative Instruments

The following table summarizes the aggregate notional amount and estimated net fair value of our derivative instruments as of December 31, 2021 and 2020:

 

 

 

As of December 31, 2021

 

 

As of December 31, 2020

 

 

 

Notional

 

 

Fair Value of

Assets

 

 

Fair Value of

Liabilities

 

 

Notional

 

 

Fair Value of

Assets

 

 

Fair Value of

Liabilities

 

Cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap

 

$

150,000

 

 

$

 

 

 

6,463

 

 

$

150,000

 

 

$

 

 

$

694

 

Interest rate collars

 

 

250,000

 

 

 

 

 

 

5,433

 

 

 

250,000

 

 

 

 

 

 

13,331

 

Forward interest rate swaps

 

 

 

 

 

2,488

 

 

 

 

 

 

 

 

 

 

 

 

15,817

 

Total

 

$

400,000

 

 

$

2,488

 

 

 

11,896

 

 

$

400,000

 

 

$

 

 

$

29,842