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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives
Number of Instruments
Aggregate Notional Value
Fair Value of Asset (Liability)(2)
Associated Debt Instrument
December 31, 2025December 31, 2024
Hedge Fixed Rate(1)
Maturity Dates
December 31, 2025December 31, 2024December 31, 2025December 31, 2024
2028 Term Loan
332.63%February 11, 2028$200,000 $200,000 $2,620 $7,971 
2029 Term Loan
443.74%January 3, 2029250,000 250,000 (3,198)2,165 
2030 Term Loan A
442.40%January 23, 2027175,000 175,000 1,806 5,629 
2030 Term Loan B
773.87%January 2, 2030175,000 175,000 (3,467)661 
2031 Term Loan83.44%March 1, 2031200,000 — (185)— 
2032 Term Loan83.42%September 1, 2032200,000 — 1,140 — 
Total
34 18 $1,200,000 $800,000 $(1,284)$16,426 
(1) Represents the weighted-average hedge fixed rate of the derivative contracts for each associated debt instrument and excludes the associated applicable margin as described in “Note 6 Debt.”
(2) Derivative contracts in asset positions are included within other assets, net and derivative contracts in liability positions are included within accounts payable, accrued expenses, and other liabilities in the consolidated balance sheets as of December 31, 2025 and 2024.
Effect of Interest Rate Swaps
The following table presents the effect of the Company’s interest rate swaps in the consolidated statements of operations and comprehensive loss (in thousands):

Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
Derivatives in Cash Flow Hedging Relationships202520242023202520242023
Interest Rate Products$(8,823)$19,408 $1,729 Interest expense, net$6,028 $18,139 $16,551