Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Gains (Losses) Recognized on Derivative Instruments Not Designated as Hedging Instruments

The following table presents the notional amount as well as the fair value of interest rate caps, which is reported as part of other assets on the condensed consolidated balance sheets. There were no material derivative financial instruments held by the Company as of December 31, 2022.

	June 30, 2023
	Notional Amount		Fair Value
Interest rate caps	$	333,047	$	10,339

The Company recognizes changes in fair value of these instruments in earnings and reports them as part of the interest expense on the condensed consolidated statements of operations and comprehensive income (loss). The table below presents gains recognized on the interest rate caps during the following periods:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2023		2022		2023
Fair value gains on interest rate caps	$	—	$	2,309	$	—	$	1,045