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Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Swap Instruments
The table below summarizes our interest rate swap instruments as of March 31, 2024:
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 
Schedule of Fair Values of Derivative Instruments on the Condensed 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 March 31, 2024 and December 31, 2023:
Asset DerivativesLiability Derivatives
Fair Value as ofFair Value as of
Balance
Sheet Location		March 31,
2024		December 31, 2023Balance
Sheet Location		March 31,
2024		December 31, 2023
Derivatives designated as hedging instruments:
Interest rate swapsOther assets$84,339 $75,487 Other liabilities$— $— 
Derivatives not designated as hedging instruments:
Interest rate capsOther assets— 1 Other liabilities— — 
Total$84,339 $75,488 $— $— 
Schedule of Offsetting Derivative Assets The tables below present a gross presentation, the effects of offsetting, and a net presentation of our derivatives as of March 31, 2024 and December 31, 2023:
March 31, 2024
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$84,339 $— $84,339 $— $— $84,339 
Offsetting liabilities:
Derivatives$— $— $— $— $— $— 

December 31, 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$75,488 $— $75,488 $— $— $75,488 
Offsetting liabilities:
Derivatives$— $— $— $— $— $— 
Schedule of Offsetting Derivative Liabilities The tables below present a gross presentation, the effects of offsetting, and a net presentation of our derivatives as of March 31, 2024 and December 31, 2023:
March 31, 2024
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$84,339 $— $84,339 $— $— $84,339 
Offsetting liabilities:
Derivatives$— $— $— $— $— $— 

December 31, 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$75,488 $— $75,488 $— $— $75,488 
Offsetting liabilities:
Derivatives$— $— $— $— $— $— 
Schedule of Effect of Derivative Instruments on the Condensed Consolidated Statements of Comprehensive Income (Loss) and the Condensed Consolidated Statements of Operations
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 March 31, 2024 and 2023:

Amount of Gain (Loss) 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 March 31,For the Three Months Ended March 31,For the Three Months Ended March 31,
202420232024202320242023
    Derivatives in cash flow hedging relationships:
Interest rate swaps$32,737 $(18,755)Interest expense$21,564 $12,981 $89,845 $78,047 

Location of
Gain (Loss) Recognized in
Net Income on Derivative
Amount of Gain (Loss) Recognized in Net Income on Derivative
For the Three Months Ended March 31,
20242023
Derivatives not designated as hedging instruments:
Interest rate capsInterest expense$(1)$15