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Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Borrowings Outstanding | The Company had the following borrowings outstanding as of December 31, 2024 and 2023:
Issuance Date ($ in thousands) | Maturity Date |  | Interest Rate as of December 31, 2024 |  | December 31, 2024 |  | December 31, 2023
Credit Facility: |  |  |  |  |  |  |
February 21, 2019 | November 5, 2029 |  | 6.037% |  | $ | 438,590 |  |  | $ | 719,914 |
Total Credit Facilities |  |  |  |  | $ | 438,590 |  |  | $ | 719,914 |
Notes: |  |  |  |  |  |  |
September 24, 2020 - August 2025 Notes | August 4, 2025 |  | 4.660% |  | $ | 25,000 |  |  | $ | 25,000 |
September 29, 2020 - August 2025 Notes | August 4, 2025 |  | 4.660% |  | 25,000 |  |  | 25,000 |
November 5, 2020 - Series B Notes | November 4, 2025 |  | 4.250% |  | 62,500 |  |  | 62,500 |
November 5, 2020 - Series C Notes | November 4, 2027 |  | 4.750% |  | 112,500 |  |  | 112,500 |
February 25, 2021 Series D Notes | February 26, 2026 |  | 3.410% |  | 80,000 |  |  | 80,000 |
February 25, 2021 Series E Notes | February 26, 2028 |  | 4.060% |  | 70,000 |  |  | 70,000 |
November 23, 2021 - November 2026 Notes | November 23, 2026 |  | 3.300% |  | 350,000 |  |  | 350,000 |
February 12, 2024 - February 2029 Notes (1) | February 15, 2029 |  | 7.000% |  | 295,604 |  |  | — |
(Less: Deferred financing fees) |  |  |  |  | (8,773) |  |  | (4,417) |
Total Notes |  |  |  |  | $ | 1,011,831 |  |  | $ | 720,583 |
(1) Inclusive of change in fair market value of effective hedge. The Company’s summary information of its borrowings were as follows:
|  | Year Ended December 31,
($ in thousands) |  | 2024 |  | 2023
Combined weighted average interest rate(1) |  | 5.565 | % |  | 5.353 | %
Combined weighted average debt outstanding |  | $ | 1,412,987 |  |  | $ | 1,503,459 |
(1) Excludes unused commitment fees and amortization of financing costs. Inclusive of effective interest rate swaps and hedged items

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