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Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended
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Mar. 31, 2022
Interest Rate Swaps [Member] |
Derivative [Line Items] |
Schedule of Interest Rate Swaps and Interest Rate Caps | The tables below provide additional details on our interest rate swaps and interest rate caps that are designated as cash flow hedges.
|  | Notional |  |  | Effective |  | Maturity |  | Benchmark |  | Strike |  |  | Fair Value as of |
Property |  | Amount |  |  | Date |  | Date |  | Rate |  | Rate |  |  | March 31, 2022 |  |  | December 31, 2021 |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1301 Avenue of the Americas |  | $ | 500,000 |  |  | Jul-2021 |  | Aug-2024 |  | LIBOR |  |  | 0.46 | % |  | $ | 22,760 |  |  | $ | 6,691 |
Total interest rate swap assets designated as cash flow hedges (included in "other assets") | $ | 22,760 |  |  | $ | 6,691 |
Interest Rate Caps [Member] |
Derivative [Line Items] |
Schedule of Interest Rate Swaps and Interest Rate Caps |
|  | Notional |  |  | Effective |  | Maturity |  | Benchmark |  | Strike |  |  | Fair Value as of |
Property |  | Amount |  |  | Date |  | Date |  | Rate |  | Rate |  |  | March 31, 2022 |  |  | December 31, 2021 |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1301 Avenue of the Americas |  | $ | 360,000 |  |  | Jul-2021 |  | Aug-2023 |  | LIBOR |  |  | 2.00 | % |  | $ | 2,782 |  |  | $ | 306 |
Total interest rate cap assets designated as cash flow hedges (included in "other assets") | $ | 2,782 |  |  | $ | 306 |

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- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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