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Financial Instruments and Fair Values (Tables)
 3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of the Terms of Agreements and Fair Values of Derivative Financial Instruments
The table below summarizes the terms of agreements and the fair values of our derivative financial instruments as of March 31, 2024 and December 31, 2023 (amounts in thousands):
March 31, 2024December 31, 2023
DerivativeNotional AmountReceive RatePay RateEffective DateExpiration DateAssetLiabilityAssetLiability
Interest rate swap$36,820 
70% of 1 Month SOFR
2.5000%December 1, 2021November 1, 2030$659 $— $64 $— 
Interest rate swap103,790 
70% of 1 Month SOFR
2.5000%December 1, 2021November 1, 20331,898 — — (85)
Interest rate swap10,710 
70% of 1 Month SOFR
1.7570%December 1, 2021November 1, 2033716 — 546 — 
Interest rate swap15,518 1 Month SOFR2.2540%December 1, 2021November 1, 2030951 — 782 — 
Interest rate cap6,780 
70% of 1 Month SOFR
4.5000%December 1, 2021October 1, 2024— — — — 
Interest rate cap9,188 1 Month SOFR5.5000%December 1, 2021October 1, 20242 — 4 — 
Interest rate swap175,000 SOFR Compound2.5620%August 31, 2022December 31, 20267,633 — 5,637 — 
Interest rate swap107,500 SOFR Compound2.6260%August 19, 2022March 19, 20252,364 — 2,384 — 
Interest rate swap107,500 SOFR OIS Compound2.6280%August 19, 2022March 19, 20252,363 — 2,383 — 
Interest rate cap6,780 
70% of 1 Month SOFR
4.5000%October 1, 2024November 1, 203044 — — — 
Interest rate cap6,676 1 Month SOFR5.5000%October 1, 2024November 1, 203096 — — — 
$16,726 $— $11,800 $(85)
Schedule of Effect of Derivative Financial Instruments Designated as Cash Flow Hedges
The table below shows the effect of our derivative financial instruments designated as cash flow hedges on accumulated other comprehensive income (loss) for the three months ended March 31, 2024 and 2023 (amounts in thousands):    
Three Months Ended
Effects of Cash Flow HedgesMarch 31, 2024March 31, 2023
Amount of gain (loss) recognized in other comprehensive income (loss)$8,198 $(5,402)
Amount of gain reclassified from accumulated other comprehensive income (loss) into interest expense2,324 1,272 
The table below shows the effect of our derivative financial instruments designated as cash flow hedges on the condensed consolidated statements of operations for the three months ended March 31, 2024 and 2023 (amounts in thousands):
Three Months Ended
Effects of Cash Flow HedgesMarch 31, 2024March 31, 2023
Total interest expense presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded$(25,128)$(25,304)
Amount of gain reclassified from accumulated other comprehensive income (loss) into interest expense2,324 1,272 
Schedule of the Aggregate Carrying Value of Debt and Estimates of Fair Value of Financial Instruments
The following tables summarize the carrying and estimated fair values of our financial instruments as of March 31, 2024 and December 31, 2023 (amounts in thousands):
March 31, 2024
Estimated Fair Value
Carrying
Value		TotalLevel 1Level 2Level 3
Interest rate swaps and caps included in prepaid expenses and other assets$16,726 $16,726 $— $16,726 $— 
Mortgage notes payable876,497 765,660 — — 765,660 
Senior unsecured notes - Series A, B, C, D, E, F, G and H973,926 872,714 — — 872,714 
Unsecured term loan facilities268,503 270,000 — — 270,000 
Unsecured revolving credit facility120,000 120,000 — — 120,000 
    
December 31, 2023
Estimated Fair Value
Carrying
Value		TotalLevel 1Level 2Level 3
Interest rate swaps and caps included in prepaid expenses and other assets$11,800 $11,800 $— $11,800 $— 
Interest rate swaps included in accounts payable and accrued expenses85 85 — 85 — 
Mortgage notes payable877,388 774,280 — — 774,280 
Senior unsecured notes - Series A, B, C, D, E, F, G and H973,872 882,242 — — 882,242 
Unsecured term loan facilities389,286 390,000 — — 390,000