v3.26.1
Derivative Instruments and Hedging (Details) - USD ($)
$ in Thousands
12 Months Ended
Feb. 12, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Oaktree Credit Agreement        
Derivative Instruments, Gain (Loss) [Line Items]        
Payment for exit fee $ 30,000      
Not Designated as Hedging Instrument | Interest rate derivatives – caps        
Derivative Instruments, Gain (Loss) [Line Items]        
Notional amount (in thousands)   $ 2,068,205 $ 2,477,192  
Aggregate principal balance on corresponding mortgage loans (in thousands)   $ 1,764,005 $ 2,123,951  
Not Designated as Hedging Instrument | Interest rate derivatives – caps | Minimum        
Derivative Instruments, Gain (Loss) [Line Items]        
Strike rate   4.00% 3.10%  
Not Designated as Hedging Instrument | Interest rate derivatives – caps | Maximum        
Derivative Instruments, Gain (Loss) [Line Items]        
Strike rate   5.50% 7.31%  
Not Designated as Hedging Instrument | Interest rate derivatives – floors        
Derivative Instruments, Gain (Loss) [Line Items]        
Notional amount (in thousands)   $ 121,500 $ 121,500  
Not Designated as Hedging Instrument | Interest rate derivatives – floors | Minimum        
Derivative Instruments, Gain (Loss) [Line Items]        
Strike rate   2.75% 2.75%  
Not Designated as Hedging Instrument | Interest rate derivatives – floors | Maximum        
Derivative Instruments, Gain (Loss) [Line Items]        
Strike rate   2.75% 2.75%  
Not Designated as Hedging Instrument | Interest rate derivatives – caps        
Derivative Instruments, Gain (Loss) [Line Items]        
Notional amount (in thousands)   $ 1,642,505 $ 2,341,742 $ 2,583,271
Total cost (in thousands)   $ 5,120 $ 15,532 $ 28,256
Not Designated as Hedging Instrument | Interest rate derivatives – caps | Minimum        
Derivative Instruments, Gain (Loss) [Line Items]        
Strike rate   4.00% 3.10% 2.50%
Not Designated as Hedging Instrument | Interest rate derivatives – caps | Maximum        
Derivative Instruments, Gain (Loss) [Line Items]        
Strike rate   5.25% 7.31% 6.90%
Not Designated as Hedging Instrument | Interest rate derivatives – floors        
Derivative Instruments, Gain (Loss) [Line Items]        
Notional amount (in thousands)   $ 0 $ 121,500 $ 0
Total cost (in thousands)   $ 0 $ 754 $ 0
Not Designated as Hedging Instrument | Interest rate derivatives – floors | Minimum        
Derivative Instruments, Gain (Loss) [Line Items]        
Strike rate   0.00% 2.75% 0.00%
Not Designated as Hedging Instrument | Interest rate derivatives – floors | Maximum        
Derivative Instruments, Gain (Loss) [Line Items]        
Strike rate   0.00% 2.75% 0.00%