Derivative Instruments (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands |
9 Months Ended | ||
---|---|---|---|
Sep. 30, 2022 |
Sep. 30, 2021 |
Dec. 31, 2021 |
|
Interest rate derivatives - caps | |||
Derivative [Line Items] | |||
Notional amount (in thousands) | $ 940,500 | $ 882,500 | |
Aggregate principal balance on corresponding mortgage loans (in thousands) | $ 859,250 | $ 857,000 | |
Interest rate derivatives - caps | Minimum | |||
Derivative [Line Items] | |||
Strike rate | 2.00% | 0.75% | |
Interest rate derivatives - caps | Maximum | |||
Derivative [Line Items] | |||
Strike rate | 4.00% | 4.00% | |
Interest rate derivatives - caps | |||
Derivative [Line Items] | |||
Notional amount (in thousands) | $ 676,500 | $ 882,500 | |
Total cost of interest rate caps (in thousands) | $ 2,092 | $ 200 | |
Interest rate derivatives - caps | Minimum | |||
Derivative [Line Items] | |||
Strike rate | 3.50% | 0.75% | |
Interest rate derivatives - caps | Maximum | |||
Derivative [Line Items] | |||
Strike rate | 4.00% | 4.00% |