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Risk Management and Derivatives (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value of derivative financial instruments as well as their classification on Consolidated Balance Sheets

The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheets as of December 31, 2020 and 2019 ($ in thousands)(1):

						Derivative Assets																																				Derivative Liabilities
As of December 31, 2020						Balance Sheet Location						Fair Value																														Balance Sheet Location						Fair Value
Derivatives Designated in Hedging Relationships
Interest rate swaps						Deferred expenses and other assets, net						$	—																													Accounts payable, accrued expenses and other liabilities						$	18,926
Total												$	—																																			$	18,926
As of December 31, 2019
Derivatives Designated in Hedging Relationships
Interest rate swaps						Deferred expenses and other assets, net						$	114																													Accounts payable, accrued expenses and other liabilities						$	8,680
Total												$	114																																			$	8,680

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(1)Over the next 12 months, the Company expects that $10.3 million related to cash flow hedges will be reclassified from "Accumulated other comprehensive income (loss)" as an increase to interest expense.

Schedule of derivative financial instruments on Consolidated Statements of Operations

The tables below present the effect of the Company's derivative financial instruments, including the Company's share of derivative financial instruments at certain of its equity method investments, in the consolidated statements of operations and the consolidated statements of comprehensive income (loss) ($ in thousands):

Derivatives Designated in Hedging Relationships						Location of Gain (Loss) When Recognized in Income						Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income						Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings
For the Year Ended December 31, 2020
Interest rate swaps(1)						Interest expense						$	(14,931)					$	(6,974)
Interest rate swaps						Earnings from equity method investments						(13,359)						(1,101)
For the Year Ended December 31, 2019
Interest rate swaps(1)						Interest expense						(21,165)						(1,861)
Interest rate swaps						Earnings from equity method investments						(21,417)						(184)
For the Year Ended December 31, 2018
Interest rate swaps(1)						Interest expense						(12,963)						(388)
Interest rate swaps						Earnings from equity method investments						(1,736)						20

______________________________________________________________

(1)For the years ended December 31, 2020, 2019 and 2018, $4.4 million, $4.3 million, and $1.9 million, respectively, of the loss recognized in accumulated other comprehensive income was attributable to a noncontrolling interest.

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- References

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- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959

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