Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet as of December 31, 2024 and 2023.

Derivatives designated as hedging instruments	Balance Sheet Location	December 31, 2024		December 31, 2023
		(in thousands)		(in thousands)
Interest Rate “Pay-fixed” Swap	Derivative asset (liability), at fair value	$	—	$	400

Schedule of Notional Amounts of Outstanding Derivative Positions

	December 31, 2023
Interest Rate Derivative	Number of Instruments	Notional Amount
		(In thousands)
Interest Rate “Pay-fixed” Swap	1	$	49,500

Schedule of Gain or Loss Recognized

The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the years ended December 31, 2024, 2023 and 2022.

	Year Ended December 31,
(In thousands)	2024		2023		2022
Amount of gain (loss) recognized in accumulated other comprehensive loss on interest rate derivatives	$	8	$	272	$	2,910
Amount of gain (loss) reclassified from accumulated other comprehensive loss into income as interest expense	$	414	$	1,503	$	(241)
Total interest expense recorded in consolidated statements of operations and comprehensive loss	$	(19,488)	$	(18,858)	$	(18,924)