Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2023

Interest Rate Swaption [Member]

Derivative [Line Items]

Summary of Partnership's Derivative Instruments

Trade Date	Notional Amount			Effective Date	Termination Date	Fixed Rate Paid			Period End Variable Rate Received			Variable Rate Index	Variable Debt Financing Hedged (1)	Counterparty	Fair Value as of March 31, 2023
February 2022		55,990,000		2/9/2022	2/1/2024		1.40	%		4.64	%	Compounded SOFR	TOB Trusts	Mizuho Capital Markets	$	1,720,173
March 2022		47,850,000		3/3/2022	3/1/2027		1.65	%		4.64	%	Compounded SOFR	TOB Trusts	Mizuho Capital Markets		3,279,012
October 2022		34,436,088	(2)	4/1/2023	4/1/2025		3.92	%	N/A			Compounded SOFR	TOB Trusts	Mizuho Capital Markets		(141,509	)
December 2022		10,880,000	(3)	1/1/2023	12/1/2029		3.27	%		4.64	%	Compounded SOFR	TOB Trusts	Mizuho Capital Markets		(116,863	)
December 2022		45,500,000		1/3/2023	1/1/2030		3.47	%		4.64	%	Compounded SOFR	TOB Trusts	Mizuho Capital Markets		(566,545	)
January 2023		12,065,200		1/19/2023	1/1/2030		3.35	%		4.64	%	Compounded SOFR	TOB Trusts	Mizuho Capital Markets		(66,526	)
January 2023		8,027,600		2/1/2023	2/1/2030		3.29	%		4.64	%	Compounded SOFR	TOB Trusts	Mizuho Capital Markets		(39,848	)
March 2023		3,785,000	(4)	4/1/2023	6/1/2029		3.37	%	N/A			Compounded SOFR	TOB Trusts	Mizuho Capital Markets		(298,697	)
		218,533,888													$	3,769,197

(1)See Notes 16 and 23 for additional details.

(2)The notional amount increases according to a schedule up to a maximum notional amount of $99.6 million.

(3)The notional amount increases according to a schedule up to a maximum notional amount of $47.8 million.

(4)The notional amount increases according to a schedule up to a maximum notional amount of $21.6 million.

Trade Date	Notional Amount			Effective Date	Termination Date	Fixed Rate Paid			Period End Variable Rate Received			Variable Rate Index	Variable Debt Financing Hedged (1)	Counterparty	Fair Value as of December 31, 2022
February 2022		55,990,000		2/9/2022	2/1/2024		1.40	%		4.09	%	Compounded SOFR	TOB Trusts	Mizuho Capital Markets	$	2,205,130
March 2022		47,850,000		3/3/2022	3/1/2027		1.65	%		4.09	%	Compounded SOFR	TOB Trusts	Mizuho Capital Markets		4,048,961
October 2022		34,436,088	(2)	4/1/2023	4/1/2025		3.92	%	N/A			Compounded SOFR	TOB Trusts	Mizuho Capital Markets		131,427
December 2022		10,880,000	(3)	1/1/2023	12/1/2029		3.27	%	N/A			Compounded SOFR	TOB Trusts	Mizuho Capital Markets		370,342
December 2022		45,500,000		1/3/2023	1/1/2030		3.47	%	N/A			Compounded SOFR	TOB Trusts	Mizuho Capital Markets		443,339
		194,656,088													$	7,199,199

(1)See Notes 16 and 23 for additional details.

(2)The notional amount increases according to a schedule up to a maximum notional amount of $99.6 million.

(3)The notional amount increases according to a schedule up to a maximum notional amount of $47.8 million.

Total Return Swaps [Member]

Derivative [Line Items]

Summary of Partnership's Derivative Instruments

The following table summarizes the terms of the Partnership’s total return swaps as of March 31, 2023 and December 31, 2022:

Trade Date

Notional Amount

Effective Date

Termination Date

Period End Variable Rate Paid

Period End Variable Rate Received

Variable Rate Index

Counterparty

Fair Value as of March 31, 2023

December 2022

102,590,936

December 2022

Sept 2025

8.75

%

(1)

14.00

%

(2)

SOFR

Mizuho Capital Markets

$

199,482

(1)Variable rate equal to SOFR + 4.00%, subject to an all-in floor of 4.25%.

(2)Variable rate equal to SOFR + 9.25%.

Trade Date

Notional Amount

Effective Date

Termination Date

Period End Variable Rate Paid

Period End Variable Rate Received

Variable Rate Index

Counterparty

Fair Value as of December 31, 2022

December 2022

102,690,670

December 2022

Sept 2025

7.80

%

(1)

13.05

%

(2)

SOFR

Mizuho Capital Markets

$

239,612

(1)Variable rate equal to SOFR + 4.00%, subject to an all-in floor of 4.25%.

(2)Variable rate equal to SOFR + 9.25%.

Interest Rate Cap Agreements [Member]

Derivative [Line Items]

Summary of Partnership's Derivative Instruments

Purchase Date	Notional Amount		Maturity Date	Effective Capped Rate (1)			Index	Variable Debt Financing Hedged (1)	Counterparty	Fair Value as of March 31, 2023
August 2019		74,634,658	Aug 2024		4.5	%	SIFMA	M31 TEBS	Barclays Bank PLC	$	85,662
										$	85,662

(1)See Notes 16 and 23 for additional details.

Purchase Date	Notional Amount		Maturity Date	Effective Capped Rate (1)			Index	Variable Debt Financing Hedged (1)	Counterparty	Fair Value as of December 31, 2022
August 2019		75,014,903	Aug 2024		4.5	%	SIFMA	M31 TEBS	Barclays Bank PLC	$	91,627
										$	91,627

(1)See Notes 16 and 23 for additional details.

In April 2023, the Partnership entered into an additional interest rate swap agreement to mitigate interest rate risk associated with variable rate TOB trust financings. The following table summarizes the terms of the interest rate swap agreement:

Purchase Date	Notional Amount		Effective Date	Termination Date	Fixed Rate Paid	Variable Rate Index Received	Variable Debt Financing Hedged	Counterparty
April 2023	$	4,508,000	5/1/2023	5/1/2033	3.490%	Compounded SOFR	TOB Trusts	Mizuho Capital Markets