v3.26.1
Derivatives and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Swap Derivatives
The following table summarizes the terms of our outstanding interest rate cap agreements as of June 30, 2026 and December 31, 2025:
Balance
SheetUnderlyingMaturityStrikeNotionalFair Value at
Line Item InstrumentDateRateAmountJune 30, 2026December 31, 2025
Other assets, net
Mountain Floating Rate Loan
03/15/20263.10%$1,400,000 $— $1,629 
Schedule of Effects on Consolidated Statements of Income and Comprehensive Income (Loss)
The following table summarizes the activity related to our cash flow hedges within cumulative other comprehensive loss for the periods shown:
Three Months Ended June 30,
Six Months Ended June 30,
2026202520262025
Amount of (loss) gain recognized on derivatives in other comprehensive (loss) income$(559)$2,673 $2,123 $914 
Amount of gain reclassified from cumulative other comprehensive loss into interest expense$2,057 $1,615 $753 $658 
Total amount of interest expense presented in the condensed consolidated statements of comprehensive income$(61,112)$(67,914)$(122,814)$(137,727)