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v3.24.3

Derivative Instruments and Hedging (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands | 9 Months Ended |
--- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Dec. 31, 2023
Interest rate derivatives - caps |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |
Notional amount (in thousands) | $ 3,474,732 |  | $ 3,351,271
Aggregate principal balance on corresponding mortgage loans (in thousands) | $ 2,521,845 |  | $ 2,689,927
Interest rate derivatives - caps | Minimum |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |
Strike rate | 2.00% |  | 2.00%
Interest rate derivatives - caps | Maximum |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |
Strike rate | 7.31% |  | 6.90%
Interest rate derivatives - caps |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |
Notional amount (in thousands) | $ 2,183,242 | $ 2,158,231 |
Total cost (in thousands) | $ 15,088 | $ 22,285 |
Interest rate derivatives - caps | Minimum |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |
Strike rate | 3.10% | 2.50% |
Interest rate derivatives - caps | Maximum |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |
Strike rate | 7.31% | 6.90% |

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- Definition Amount of contractual principal due at origination of mortgage loan within investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 -Paragraph Column F -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 948 -SubTopic 310 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29(Column F)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479628/948-310-S99-1 + Details
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- Definition Fixed interest rate related to the interest rate derivative. + References No definition available. + 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 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E + 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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- Definition The cash outflow for cost incurred directly with the issuance of a derivative security. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-15 + Details
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- Details
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