Derivative Financial Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Financial Instrument and Hedging Activities

The following tables summarize our derivative financial instruments (dollars in thousands):

	As of September 30, 2025
	Number of Instruments	Aggregate Notional Amount		Fair Value of Derivative Assets (included in Other Assets, net)		Fair Value of Derivative Liabilities (included in Accrued Liabilities and Other)
Derivatives not designated as hedging instruments:
Interest rate swaps, pay-fixed, receive-floating	19	$	5,300,000	$	8,467	$	(16,155)
Interest rate caps, net (1)	9	$	1,199,420	$	211	$	(98)

(1)Interest rate caps, net, is inclusive of six interest rate caps with an aggregate notional value of $4.5 billion, offset partially by three sold interest rate caps with an aggregate notional value of $3.3 billion.

	As of December 31, 2024
	Number of Instruments	Aggregate Notional Amount		Fair Value of Derivative Assets (included in Other Assets, net)		Fair Value of Derivative Liabilities (included in Accrued Liabilities and Other)
Derivatives not designated as hedging instruments:
Interest rate swaps, pay-fixed, receive-floating	15	$	4,550,000	$	10,177	$	(10,111)
Interest rate caps, net (1)	6	$	1,148,500	$	11,025	$	(5,763)

(1)Interest rate caps, net, is inclusive of four interest rate caps with an aggregate notional value of $4.1 billion, offset partially by two sold interest rate caps with an aggregate notional value of $3.0 billion.