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Interest Rate Caps (Tables)
3 Months Ended
Mar. 31, 2023
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of Changes in Fair Value of Interest Rate Caps

The following is a summary of changes in fair value of the interest rate caps for the periods indicated:

 

 

Three Months Ended

 

 

 

March 31,

 

Dollars in thousands

 

2023

 

 

2022

 

Balance at beginning of period

 

$

 

 

$

6,586

 

Purchases

 

 

 

 

 

 

Sales

 

 

 

 

 

 

Fair value adjustment included as a decrease in interest expense

 

 

 

 

 

10,158

 

Balance at end of period

 

$

 

 

$

16,744