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Derivatives and Hedging (Tables)
 6 Months Ended
Jun. 30, 2024
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):
June 30, 2024
Derivative AssetDerivative Liability
Notional AmountFair ValueNotional AmountFair Value
Interest rate cap (SOFR-based)
$171,566 $2,348 $— $— 
Total derivatives, net$171,566 $2,348 $— $— 

December 31, 2023
Derivative AssetDerivative Liability
Notional AmountFair ValueNotional AmountFair Value
Interest rate cap (SOFR-based)
$138,385 $2,103 $— $— 
Total derivatives, net$138,385 $2,103 $— $— 
Schedule of Derivative Instruments in the Statement of Operations
The following table presents the effect of the derivative instruments on the condensed consolidated statements of operations (in thousands):
Three months ended June 30,Six months ended June 30,
2024202320242023
Derivative not designated as hedge
Interest rate cap
Loss on derivatives not designated as hedges included in interest expense$(1,079)$(531)$(1,606)$(1,122)