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Derivatives and Hedging (Tables)

9 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in the Balance Sheets

The following table presents the fair values of derivative assets and liabilities in the condensed consolidated balance sheets (in thousands):

			September 30, 2025
			Derivative Asset												Derivative Liability
			Notional Amount						Fair Value						Notional Amount						Fair Value
Interest rate cap (SOFR-based)			$	194,190					$	146					$	—					$	—
Total derivatives, net			$	194,190					$	146					$	—					$	—

			December 31, 2024
			Derivative Asset												Derivative Liability
			Notional Amount						Fair Value						Notional Amount						Fair Value
Interest rate cap (SOFR-based)			$	185,145					$	1,465					$	—					$	—
Total derivatives, net			$	185,145					$	1,465					$	—					$	—

Schedule of Derivative Instruments in the Statement of Operations

The following table presents the effect of the derivative instruments on the condensed consolidated statements of operations (in thousands):

						Three Months Ended September 30,												Nine Months Ended September 30,
						2025						2024						2025						2024
Derivative not designated as hedge
Interest rate cap
Loss on derivatives not designated as hedges included in interest expense						$	(214)					$	(1,679)					$	(995)					$	(3,285)

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- References

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 3: 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

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B

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- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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