v3.25.2
Derivative Financial Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 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 June 30, 2025
Number ofAggregate NotionalDerivative Assets
(included in Other Assets, net)		Derivative Liabilities
(included in Accrued Liabilities and Other)
InstrumentsAmountFair Value
Derivatives not designated as hedging instruments:
Interest rate swaps, pay-fixed, receive-floating
15$4,550,000 $3,414 $(17,593)
Interest rate caps, net (1)
7$1,220,220 $1,575 $(763)
(1)Interest rate caps, net, is inclusive of five interest rate caps with an aggregate notional value of $4.2 billion, offset partially by two sold interest rate caps with an aggregate notional value of $3.0 billion.
As of December 31, 2024
Number ofAggregate NotionalDerivative Assets
(included in Other Assets, net)		Derivative Liabilities
(included in Accrued Liabilities and Other)
InstrumentsAmountFair Value
Derivatives not designated as hedging instruments:
Interest rate swaps, pay-fixed, receive-floating15$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.