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Derivative Instruments (Tables)
 9 Months Ended
Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Interest Rate Swap Instruments
The table below summarizes our interest rate swap instruments as of September 30, 2023:
Agreement Date
Forward
Effective Date
Maturity
Date		Strike
Rate		IndexNotional
Amount
April 18, 2023March 31, 2023January 31, 20252.80%One month Term SOFR$400,000 
April 18, 2023March 31, 2023November 30, 20242.83%One month Term SOFR400,000 
April 18, 2023April 15, 2023November 30, 20242.78%One month Term SOFR400,000 
April 18, 2023April 15, 2023February 28, 20252.79%One month Term SOFR400,000 
April 18, 2023April 15, 2023June 9, 20252.94%One month Term SOFR325,000 
April 18, 2023April 15, 2023June 9, 20252.95%One month Term SOFR595,000 
April 18, 2023April 15, 2023July 9, 20252.83%One month Term SOFR1,100,000 
April 18, 2023April 15, 2023July 31, 20253.08%One month Term SOFR200,000 
March 22, 2023July 9, 2025May 31, 20292.99%One month Term SOFR300,000 
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 condensed consolidated balance sheets as of September 30, 2023 and December 31, 2022:
Asset DerivativesLiability Derivatives
Fair Value as ofFair Value as of
Balance
Sheet Location		September 30,
2023		December 31, 2022Balance
Sheet Location		September 30,
2023		December 31, 2022
Derivatives designated as hedging instruments:
Interest rate swapsOther assets$134,017 $119,157 Other liabilities$— $— 
Derivatives not designated as hedging instruments:
Interest rate capsOther assets— 36 Other liabilities— — 
Total$134,017 $119,193 $— $— 
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 September 30, 2023 and December 31, 2022:
September 30, 2023
Gross Amounts Not Offset in the Statement of Financial Position
Gross Amounts of Recognized Assets/ LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts of Assets/ Liabilities Presented in the Statement of Financial PositionFinancial InstrumentsCash Collateral ReceivedNet
Amount
Offsetting assets:
Derivatives$134,017 $— $134,017 $— $— $134,017 
Offsetting liabilities:
Derivatives$— $— $— $— $— $— 
December 31, 2022
Gross Amounts Not Offset in the Statement of Financial Position
Gross Amounts of Recognized Assets/ LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts of Assets/ Liabilities Presented in the Statement of Financial PositionFinancial InstrumentsCash Collateral ReceivedNet
Amount
Offsetting assets:
Derivatives$119,193 $— $119,193 $— $— $119,193 
Offsetting liabilities:
Derivatives$— $— $— $— $— $— 
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 September 30, 2023 and December 31, 2022:
September 30, 2023
Gross Amounts Not Offset in the Statement of Financial Position
Gross Amounts of Recognized Assets/ LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts of Assets/ Liabilities Presented in the Statement of Financial PositionFinancial InstrumentsCash Collateral ReceivedNet
Amount
Offsetting assets:
Derivatives$134,017 $— $134,017 $— $— $134,017 
Offsetting liabilities:
Derivatives$— $— $— $— $— $— 
December 31, 2022
Gross Amounts Not Offset in the Statement of Financial Position
Gross Amounts of Recognized Assets/ LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts of Assets/ Liabilities Presented in the Statement of Financial PositionFinancial InstrumentsCash Collateral ReceivedNet
Amount
Offsetting assets:
Derivatives$119,193 $— $119,193 $— $— $119,193 
Offsetting liabilities:
Derivatives$— $— $— $— $— $— 
Summary of Derivative Instruments, Gain (Loss)
The tables below present the effect of our derivative financial instruments in the condensed consolidated statements of comprehensive income (loss) and the condensed consolidated statements of operations for the three months ended September 30, 2023 and 2022:

Amount of Gain Recognized in OCI on DerivativeLocation of Gain (Loss) Reclassified from Accumulated OCI into Net IncomeAmount of Gain (Loss) Reclassified from Accumulated OCI into Net Income
Total Amount of Interest Expense Presented in the Condensed Consolidated Statements of Operations
For the Three Months
Ended September 30,
For the Three Months
Ended September 30,
For the Three Months
Ended September 30,
202320222023202220232022
    Derivatives in cash flow hedging relationships:
Interest rate swaps$27,845 $102,940 Interest expense$21,081 $(9,591)$86,736 $76,454 

Location of
Loss
Recognized in
Net Income on Derivative		Amount of Loss Recognized in Net Income on Derivative
For the Three Months
Ended September 30,
20232022
Derivatives not designated as hedging instruments:
Interest rate capsInterest expense$1 $28 
The tables below present the effect of our derivative financial instruments in the condensed consolidated statements of comprehensive income (loss) and the condensed consolidated statements of operations for the nine months ended September 30, 2023 and 2022:

Amount of Gain Recognized in OCI on DerivativeLocation of Gain (Loss) Reclassified from Accumulated OCI into Net IncomeAmount of Gain (Loss) Reclassified from Accumulated OCI into Net Income
Total Amount of Interest Expense Presented in the Condensed Consolidated Statements of Operations
For the Nine Months
Ended September 30,		For the Nine Months
Ended September 30,		For the Nine Months
Ended September 30,
202320222023202220232022
Derivatives in cash flow hedging relationships:
Interest rate swaps$73,853 $316,479 Interest expense$52,023 $(63,837)$243,408 $225,683 

Location of
Loss
Recognized in
Net Income on Derivative		Amount of Loss Recognized in Net Income on Derivative
For the Nine Months
Ended September 30,
20232022
Derivatives not designated as hedging instruments:
Interest rate capsInterest expense$41 $63