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Derivatives (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Offsetting Assets As of December 31, 2025, the information related to these offsetting arrangements were as follows (in thousands):
Instrument DescriptionGross Amounts of Recognized Assets / LiabilitiesGross Amounts Offset in the Consolidated Balance SheetNet Amounts of Assets / Liabilities Included in the Consolidated Balance Sheet
Notional Amount (1) (2)
Assets:
Derivatives designated as hedging instruments$78,223 $— $78,223 $988,447 
Derivatives not designated as hedging instruments24,123 (7,210)16,913 1,771,893 
Total derivative assets102,346 (7,210)95,136 2,760,340 
Liabilities:
Derivatives designated as hedging instruments(449)— (449)— 
Derivatives not designated as hedging instruments(14,411)7,210 (7,201)800,058 
Total derivative liabilities(14,860)7,210 (7,650)800,058 
Total derivative assets & liabilities$87,486 $— $87,486 $3,560,398 

(1)Comprised of 58 interest rate swaps which effectively fix the SOFR portion of interest rates on outstanding balances of certain loans under the senior section of the debt footnote table (see Note 10, Indebtedness) at 0.31% to 4.15% per annum. These swaps mature from August 13, 2027 to January 31, 2044.

(2)Comprised of 13 interest rate swaptions which effectively fix the SOFR portion of interest rates on future outstanding balances of certain loans under the senior revolving section of the debt footnote table (see Note 10, Indebtedness) at 3.77% to 4.09% per annum. These swaptions expire from January 7, 2026 to March 4, 2026 with potential underlying swaps maturing on January 31, 2043 to January 31, 2044.

As of December 31, 2024, the information related to these offsetting arrangements were as follows (in thousands):
Instrument DescriptionGross Amounts of Recognized Assets / LiabilitiesGross Amounts Offset in the Consolidated Balance SheetNet Amounts of Assets / Liabilities Included in the Consolidated Balance SheetNotional Amount
Assets:
Derivatives designated as hedging instruments$117,793 $— $117,793 $1,382,188 
Derivatives not designated as hedging instruments53,965 (7,252)46,713 2,118,393 
Total derivative assets171,758 (7,252)164,506 3,500,581 
Liabilities:
Derivatives designated as hedging instruments— — — — 
Derivatives not designated as hedging instruments(7,385)7,252 (133)653,365 
Total derivative liabilities(7,385)7,252 (133)653,365 
Total derivative assets & liabilities$164,373 $— $164,373 $4,153,946 
Schedule of Offsetting Liabilities As of December 31, 2025, the information related to these offsetting arrangements were as follows (in thousands):
Instrument DescriptionGross Amounts of Recognized Assets / LiabilitiesGross Amounts Offset in the Consolidated Balance SheetNet Amounts of Assets / Liabilities Included in the Consolidated Balance Sheet
Notional Amount (1) (2)
Assets:
Derivatives designated as hedging instruments$78,223 $— $78,223 $988,447 
Derivatives not designated as hedging instruments24,123 (7,210)16,913 1,771,893 
Total derivative assets102,346 (7,210)95,136 2,760,340 
Liabilities:
Derivatives designated as hedging instruments(449)— (449)— 
Derivatives not designated as hedging instruments(14,411)7,210 (7,201)800,058 
Total derivative liabilities(14,860)7,210 (7,650)800,058 
Total derivative assets & liabilities$87,486 $— $87,486 $3,560,398 

(1)Comprised of 58 interest rate swaps which effectively fix the SOFR portion of interest rates on outstanding balances of certain loans under the senior section of the debt footnote table (see Note 10, Indebtedness) at 0.31% to 4.15% per annum. These swaps mature from August 13, 2027 to January 31, 2044.

(2)Comprised of 13 interest rate swaptions which effectively fix the SOFR portion of interest rates on future outstanding balances of certain loans under the senior revolving section of the debt footnote table (see Note 10, Indebtedness) at 3.77% to 4.09% per annum. These swaptions expire from January 7, 2026 to March 4, 2026 with potential underlying swaps maturing on January 31, 2043 to January 31, 2044.

As of December 31, 2024, the information related to these offsetting arrangements were as follows (in thousands):
Instrument DescriptionGross Amounts of Recognized Assets / LiabilitiesGross Amounts Offset in the Consolidated Balance SheetNet Amounts of Assets / Liabilities Included in the Consolidated Balance SheetNotional Amount
Assets:
Derivatives designated as hedging instruments$117,793 $— $117,793 $1,382,188 
Derivatives not designated as hedging instruments53,965 (7,252)46,713 2,118,393 
Total derivative assets171,758 (7,252)164,506 3,500,581 
Liabilities:
Derivatives designated as hedging instruments— — — — 
Derivatives not designated as hedging instruments(7,385)7,252 (133)653,365 
Total derivative liabilities(7,385)7,252 (133)653,365 
Total derivative assets & liabilities$164,373 $— $164,373 $4,153,946 
Schedule of Losses (Gains) on Derivatives
The losses (gains) on derivatives designated as cash flow hedges recognized into OCI, before tax effect, consisted of the following (in thousands):
Year Ended December 31,
202520242023
Derivatives designated as cash flow hedges:
Interest rate swaps$12,462 $(75,396)$(23,787)
The (gains) losses on derivatives financial instruments recognized into the consolidated statements of operations, before tax effect, consisted of the following (in thousands):
Year Ended December 31,
202520242023
Interest expense, net
Other income, net
Interest expense, net
Other expense, net
Interest expense, net
Other income, net
Derivatives designated as cash flow hedges:
Interest rate swaps
Gains reclassified from AOCI into income$(17,458)$— $(35,237)$— $(36,755)$— 
Derivatives not designated as cash flow hedges:
Interest rate swaps
Losses (gains) recognized into income
— 49,829 — (121,665)— 661 
Total (gains) losses$(17,458)$49,829 $(35,237)$(121,665)$(36,755)$661