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v3.25.1

Derivatives - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended |  |  |  |
--- | --- | --- | --- | --- | ---
Mar. 31, 2025 | Mar. 31, 2024 | Dec. 31, 2024 | Jun. 30, 2024 | Dec. 31, 2023 | Sep. 26, 2023
Derivative [Line Items] |  |  |  |  |  |
Derivative notional amount |  |  |  | $ 73,700 |  |
Maximum | Construction Financing |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Derivative, interest rate |  |  |  |  | 6.55% |
Maximum | Hotel - Washington D.C. | Construction Financing |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Derivative, interest rate |  |  |  | 9.00% |  |
Interest rate caps | Not Designated as Hedging Instrument |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Derivative notional amount | $ 238,535 |  | $ 238,535 |  |  |
Interest rate caps and swaps |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Realized (gain) loss on derivative instruments | 132 | $ 550 |  |  |  |
Interest rate caps and swaps | Not Designated as Hedging Instrument |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Derivative notional amount |  |  |  |  |  | $ 164,800
Realized (gain) loss on derivative instruments | $ 100 | $ 600 |  |  |  |
Secured Overnight Financing Rate (SOFR) |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Derivative, cap interest rate | 4.00% | 4.00% |  |  | 4.00% |
Secured Overnight Financing Rate (SOFR) | Hotel - Washington D.C. |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Derivative, cap interest rate | 6.00% |  |  |  |  |
Secured Overnight Financing Rate (SOFR) | Interest rate caps | Hotel - Washington D.C. |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Derivative, cap interest rate |  |  |  | 6.00% |  |

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- Definition Derivative, interest rate. + References No definition available. + Details
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- Definition Cap rate on an interest rate derivative such as an interest rate cap or collar. If market rates exceed the cap rate, a payment or receipt is triggered on the contract. + References No definition available. + Details
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-5 + Details
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- Definition Nominal or face amount used to calculate payment on derivative. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
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