v3.26.3
Derivative Instruments (Tables)
9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Financial Instruments

The following table details our derivative financial instruments as of September 30, 2026 (dollars in thousands):

 

Interest Rate Derivative  Notional Amount   Strike Price   Maturity Date
1000 First Construction Loan interest rate cap  $104,000    6.25%  July 2027
Aster & Links Loans interest rate caps  $204,138    6.00%  October 2027
Schedule of Fair Value of Our Derivative Financial Instruments

The following table details the fair value of our derivative financial instruments (amounts in thousands):

   Fair Value (1) 
Interest Rate Derivative  September 30, 2026   December 31, 2025 
   (unaudited)     
Interest rate caps  $96   $11 

 

 

(1)Amounts are included in Other assets in our consolidated balance sheets.
Schedule of Effect of Derivative Financial Instruments

The following table details the effect of our derivative financial instruments on our consolidated statements of operations (amounts in thousands):

 

     

Three Months Ended

September 30,

  

Nine Months Ended

September 30,

 
Interest Rate Derivative  Location of Gain (Loss)  2026   2025   2026   2025 
      (unaudited)   (unaudited)   (unaudited)   (unaudited) 
Interest rate caps  Other income (expense)  $21   $(11)  $72   $(17)