Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivative Financial Instruments

The following table summarizes the terms of our derivative financial instruments as of December 31, 2022:

	Notional Amount		Strike			Effective Date	Maturity Date
Interest Rate Derivative:
CDOR Swap (1)	$	16,500,000		4.02	%	September 27, 2022	September 20, 2025
CDOR Swap II (1)	$	15,500,000		3.84	%	December 20, 2022	December 20, 2025

Notional amounts are denominated in CAD and have been designated as a cash flow hedge.

Summary of Derivatives Financial Instruments in Statement of Consolidated Balance Sheet

The following table presents a gross presentation of the fair value of our derivatives financial instruments as well as their classification on our consolidated balance sheets:

	Asset/Liability Derivatives Fair Value
	December 31, 2022		December 31, 2021
Interest Rate Swap
Other assets, net	$	126,864	$	—

Summary of Effects of Derivative Financial Instruments on Consolidated Statements of Operations

The following table presents the effects of our derivative financial instruments on our consolidated statements of operations for the periods presented:

	Gain (loss) recognized in OCI for the Year Ended December 31,				Location of amounts reclassified from OCI into income	Gain (loss) reclassified from OCI for the Year Ended December 31,
Type	December 31, 2022		December 31, 2021			December 31, 2022			December 31, 2021
Interest Rate Swaps	$	132,705	$	—	Interest Expense	$	(5,841	)	$	—
	$	132,705	$	—		$	(5,841	)	$	—