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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2025
Derivative Financial Instruments  
Schedule of Derivative financial Instruments The following table summarizes the Company’s derivative financial instruments at December 31, 2025 ($ in thousands):

  ​ ​ ​

Interest Rate Caps

  ​ ​ ​

Interest Rate Swaps

Notional balance

$

139,493

$

10,438

Number of instruments

 

3

 

2

Earliest maturity date

 

May 2026

 

March 2026

Latest maturity date

 

October 2027

 

August 2028

Schedule of the fair value of the company's derivative financial instruments of balance sheets

The table below presents the classification and fair value of the Company’s derivative financial instruments on its consolidated balance sheets at December 31, 2025 and 2024 (amounts in thousands):

Derivatives not designated as hedging

  ​ ​ ​

  ​ ​ ​

Fair Values of Derivative

instruments under ASC 815-20

Balance Sheet Location

 Instruments

 

 

2025

  ​ ​ ​

2024

Interest rate caps

 

Accounts receivable, prepaids and other assets

$

616

$

857

Interest rate swaps

 

Accounts receivable, prepaids and other assets

 

63

 

363

Schedule of the fair value of the company's derivative financial instruments of statements of operations and comprehensive income (loss)

The table below presents the classification and effect of the Company’s derivative financial instruments on its consolidated statements of operations and comprehensive income (loss) for the years ended December 31, 2025 and 2024 (amounts in thousands):

The Effect of Derivative Instruments

Derivatives not designated as hedging

Location of Loss 

 on the Statements of Operations

instruments under ASC 815-20

Recognized in Income

and Comprehensive Income (Loss)

  ​ ​ ​

  ​ ​ ​

2025

  ​ ​ ​

2024

Interest rate caps

 

Interest expense, net

$

(1,805)

$

(3,765)

Interest rate swaps

 

Interest expense, net

 

(300)

(120)