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Derivative Instruments (Tables) | 12 Months Ended
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Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Interest Rate Swap Instruments | The table below summarizes our interest rate swap instruments as of December 31, 2022:
Agreement Date |  | Forward Effective Date |  | Maturity Date |  | Strike Rate |  | Index |  | Notional Amount
April 19, 2018 |  | January 31, 2019 |  | January 31, 2025 |  | 2.86% |  | One month LIBOR |  | $ | 400,000 |
April 19, 2018 |  | March 15, 2019 |  | November 30, 2024 |  | 2.85% |  | One month LIBOR |  | 400,000 |
April 19, 2018 |  | March 15, 2019 |  | February 28, 2025 |  | 2.86% |  | One month LIBOR |  | 400,000 |
May 8, 2018 |  | March 9, 2020 |  | June 9, 2025 |  | 2.99% |  | One month LIBOR |  | 325,000 |
May 8, 2018 |  | June 9, 2020 |  | June 9, 2025 |  | 2.99% |  | One month LIBOR |  | 595,000 |
June 28, 2018 |  | August 7, 2020 |  | July 9, 2025 |  | 2.90% |  | One month LIBOR |  | 1,100,000 |
December 9, 2019 |  | July 15, 2021 |  | November 30, 2024 |  | 2.90% |  | One month LIBOR |  | 400,000 |
November 7, 2018 |  | March 15, 2022 |  | July 31, 2025 |  | 3.14% |  | One month LIBOR |  | 200,000 |
Summary of Derivative Financial Instruments, Fair Value and Location in Consolidated Balance Sheets | The table below presents the fair value of our derivative financial instruments as well as their classification on the consolidated balance sheets as of December 31, 2022 and 2021:
|  | Asset Derivatives |  | Liability Derivatives
|  |  |  | Fair Value as of |  |  |  | Fair Value as of
|  | Balance Sheet Location |  | December 31, 2022 |  | December 31, 2021 |  | Balance Sheet Location |  | December 31, 2022 |  | December 31, 2021
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | Other assets |  | $ | 119,157 |  |  | $ | — |  |  | Other liabilities |  | $ | — |  |  | $ | 271,156 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate caps |  | Other assets |  | 36 |  |  | 6 |  |  | Other liabilities |  | — |  |  | — |
Total |  |  |  | $ | 119,193 |  |  | $ | 6 |  |  |  |  | $ | — |  |  | $ | 271,156 |
Summary of Offsetting Derivative Assets | The tables below present a gross presentation, the effects of offsetting, and a net presentation of our derivatives as of December 31, 2022 and 2021:
|  | December 31, 2022
|  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Position |  |
|  | Gross Amounts of Recognized Assets/ Liabilities |  | Gross Amounts Offset in the Statement of Financial Position |  | Net Amounts of Assets/ Liabilities Presented in the Statement of Financial Position |  | Financial Instruments |  | Cash Collateral Received |  | Net Amount
Offsetting assets: |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 119,193 |  |  | $ | — |  |  | $ | 119,193 |  |  | $ | — |  |  | $ | — |  |  | $ | 119,193 |
Offsetting liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | December 31, 2021
|  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Position |  |
|  | Gross Amounts of Recognized Assets/ Liabilities |  | Gross Amounts Offset in the Statement of Financial Position |  | Net Amounts of Assets/ Liabilities Presented in the Statement of Financial Position |  | Financial Instruments |  | Cash Collateral Received |  | Net Amount
Offsetting assets: |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 6 |  |  | $ | — |  |  | $ | 6 |  |  | $ | — |  |  | $ | — |  |  | $ | 6 |
Offsetting liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 271,156 |  |  | $ | — |  |  | $ | 271,156 |  |  | $ | — |  |  | $ | — |  |  | $ | 271,156 |
Summary of Offsetting Derivative Liabilities | The tables below present a gross presentation, the effects of offsetting, and a net presentation of our derivatives as of December 31, 2022 and 2021:
|  | December 31, 2022
|  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Position |  |
|  | Gross Amounts of Recognized Assets/ Liabilities |  | Gross Amounts Offset in the Statement of Financial Position |  | Net Amounts of Assets/ Liabilities Presented in the Statement of Financial Position |  | Financial Instruments |  | Cash Collateral Received |  | Net Amount
Offsetting assets: |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 119,193 |  |  | $ | — |  |  | $ | 119,193 |  |  | $ | — |  |  | $ | — |  |  | $ | 119,193 |
Offsetting liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | December 31, 2021
|  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Position |  |
|  | Gross Amounts of Recognized Assets/ Liabilities |  | Gross Amounts Offset in the Statement of Financial Position |  | Net Amounts of Assets/ Liabilities Presented in the Statement of Financial Position |  | Financial Instruments |  | Cash Collateral Received |  | Net Amount
Offsetting assets: |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 6 |  |  | $ | — |  |  | $ | 6 |  |  | $ | — |  |  | $ | — |  |  | $ | 6 |
Offsetting liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 271,156 |  |  | $ | — |  |  | $ | 271,156 |  |  | $ | — |  |  | $ | — |  |  | $ | 271,156 |
Derivative Instruments, Gain (Loss) | The tables below present the effect of our derivative financial instruments in the consolidated statements of comprehensive income (loss) and the consolidated statements of operations for the years ended December 31, 2022, 2021, and 2020:
|  | Amount of Gain (Loss) Recognized in OCI on Derivative |  | Location of Loss Reclassified from Accumulated OCI into Net Income |  | Amount of Loss Reclassified from Accumulated OCI into Net Income |  | Total Amount of Interest Expense Presented in the Consolidated Statements of Operations
|  | For the Years Ended December 31, |  |  | For the Years Ended December 31, |  | For the Years Ended December 31,
|  | 2022 |  | 2021 |  | 2020 |  |  | 2022 |  | 2021 |  | 2020 |  | 2022 |  | 2021 |  | 2020
Derivatives in cash flow hedging relationships: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 327,323 |  |  | $ | 113,394 |  |  | $ | (388,466) |  |  | Interest expense |  | $ | (59,103) |  |  | $ | (148,742) |  |  | $ | (116,549) |  |  | $ | 304,092 |  |  | $ | 322,661 |  |  | $ | 353,923 |
|  | Location of Loss Recognized in Net Income on Derivative |  | Amount of Loss Recognized in Net Income on Derivative
|  |  | For the Years Ended December 31,
|  |  | 2022 |  | 2021 |  | 2020
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Interest rate caps |  | Interest expense |  | $ | 81 |  |  | $ | 129 |  |  | $ | 273 |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + 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 https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: 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 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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