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Subsequent Events | 9 Months Ended
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Sep. 30, 2023
Subsequent Events [Abstract] |
Subsequent Events | Note 19 — Subsequent Events On October 10, 13 and 26, 2023, the Company entered into forward starting interest rate swaps with notional amounts of $15.0 million, $14.0 million and $15.0 million, respectively, (the "Forward Starting Swaps"), which were designated as a cash flow hedges. These Forward Starting Swaps are one type of derivative instrument available to hedge the exposure to the risk of variability in the interest payment cash flows of the Company’s fixed rate debt attributable to changes in the benchmark overnight SOFR between the time the fixed rate mortgages are originated and the fixed rate debt is issued. These Forward Starting Swaps are designated to hedge forecasted fixed rate debt. The Company has evaluated events that have occurred subsequent to September 30, 2023 through the issuance of the accompanying consolidated financial statements and has concluded there are no other subsequent events that would require recognition or disclosure in the accompanying consolidated financial statements.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
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