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Risk Management and Derivatives (Tables) | 3 Months Ended
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Mar. 31, 2023
Risks and Uncertainties [Abstract] |
Derivative Financial Instruments Designated in Hedging Relationships | The table below presents the Company’s derivatives as well as their classification on the consolidated balance sheets as of March 31, 2023 and December 31, 2022 ($ in thousands):(1) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2023 |  | December 31, 2022 |  | ​
​ | ​ | Fair | ​ | Fair | ​ | Balance Sheet
Derivative Type |  | Value(2) | ​ | Value(2) |  | Location
Assets |  | ​ |  |  | ​ |  |  |
Interest rate swaps | ​ | $ | 15,306 | ​ | $ | 29,346 |  | Deferred expenses and other assets, net
​ | ​ | $ | 15,306 | ​ | $ | 29,346 | ​ | ​
Liabilities | ​ |  |  | ​ |  |  |  |
Interest rate swaps | ​ | $ | 14,384 | ​ | $ | — |  | Accounts payable, accrued expenses and other liabilities
Total | ​ | $ | 14,384 | ​ | $ | — | ​ | ​
(1) | Over the next 12 months, the Company expects that $3.8 million related to cash flow hedges will be reclassified from “Accumulated other comprehensive income (loss)” as an increase to interest expense.
(2) | The fair value of the Company’s derivatives is estimated using valuation techniques utilized by a third-party specialist using observable inputs such as interest rates and contractual cash flow and are classified as Level 2 within the fair value hierarchy.
​
Derivative Instruments, Gain (Loss) | The table below presents the effect of the Company’s derivative financial instruments in the consolidated statements of operations and the consolidated statements of comprehensive income (loss) for the three months ended March 31, 2023 and 2022 ($ in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Amount of Gain
​ | ​ | ​ | ​ | Amount of Gain | ​ | (Loss) Reclassified
​ | ​ | ​ | ​ | (Loss) Recognized | ​ | from Accumulated
​ | ​ | ​ | ​ | in Accumulated | ​ | Other
​ | ​ | Location of Gain (Loss) | ​ | Other | ​ | Comprehensive
​ | ​ | When Recognized in | ​ | Comprehensive | ​ | Income into
Derivatives Designated in Hedging Relationships | ​ | Income |  | Income |  | Earnings
For the Three Months Ended March 31, 2023 |  |  |  | ​ |  |  | ​ |
Interest rate swaps |  | Interest expense | ​ | $ | (28,424) | ​ | $ | (943)
For the Three Months Ended March 31, 2022 | ​ |  |  | ​ |  |  | ​ |
Interest rate swaps |  | Interest expense | ​ | $ | 4,256 | ​ | $ | (1,033)

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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 https://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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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 https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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