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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule of Fair Value of Financial Assets Measured at Fair Value | The following table summarizes the fair value of our financial assets that are measured at fair value on our consolidated balance sheets as of the dates set forth below, based on their levels in the fair value hierarchy.
| As of March 31, 2022 |
(Amounts in thousands) | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Interest rate swap assets (included in "other assets") | $ | 22,760 |  |  | $ | - |  |  | $ | 22,760 |  |  | $ | - |
Interest rate cap assets (included in "other assets") |  | 2,782 |  |  |  | - |  |  |  | 2,782 |  |  |  | - |
Total assets | $ | 25,542 |  |  | $ | - |  |  | $ | 25,542 |  |  | $ | - |
| As of December 31, 2021 |
(Amounts in thousands) | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Interest rate swap assets (included in "other assets") | $ | 6,691 |  |  | $ | - |  |  | $ | 6,691 |  |  | $ | - |
Interest rate cap assets (included in "other assets") |  | 306 |  |  |  | - |  |  |  | 306 |  |  |  | - |
Total assets | $ | 6,997 |  |  | $ | - |  |  | $ | 6,997 |  |  | $ | - |
Summary of Carrying Amounts and Fair Value of Financial Instruments | The following table summarizes the carrying amounts and fair value of these financial instruments as of the dates set forth below.
| As of March 31, 2022 |  |  | As of December 31, 2021 |
(Amounts in thousands) | Carrying Amount |  |  | Fair Value |  |  | Carrying Amount |  |  | Fair Value |
Notes and mortgages payable | $ | 3,858,000 |  |  | $ | 3,776,544 |  |  | $ | 3,858,000 |  |  | $ | 3,893,252 |
Revolving credit facility |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total liabilities | $ | 3,858,000 |  |  | $ | 3,776,544 |  |  | $ | 3,858,000 |  |  | $ | 3,893,252 |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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