v3.26.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents our assets and liabilities measured at fair value on a recurring basis aggregated by the level within which measurements fall in the fair value hierarchy (in thousands):
Quoted Market Prices (Level 1)Significant Other
Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Total
September 30, 2026
Assets
Derivative assets:
Interest rate derivatives - caps$— $379 $— $379 
(1)
Total$— $379 $— $379 
Quoted Market Prices (Level 1)Significant Other
Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Total
December 31, 2025
Assets
Derivative assets:
Interest rate derivatives - caps$— $56 $— $56 
(1)
Total$— $56 $— $56 
__________________
(1)Reported as “derivative assets” in our condensed consolidated balance sheets.
Schedule of Effect of Fair Value Measured Assets and Liabilities
The following table summarizes the effect of fair value measured assets and liabilities on our condensed consolidated statements of operations (in thousands):
Gain (Loss) Recognized in Income
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Assets
Derivative assets:
Interest rate derivatives - caps$54 $(118)$337 $(301)
Total derivative assets$54 $(118)$337 $(301)
Non-derivative assets:
Investment in securities
$— $— $— $(1,250)
Total$54 $(118)$337 $(1,551)
Total combined
Interest rate derivatives - caps$54 $(299)$326 $(850)
Unrealized gain (loss) on derivatives$54 
(1)
$(299)
(1)
$326 
(1)
$(850)
(1)
Realized gain (loss) on interest rate caps— 
(1) (2)
181 
(1) (2)
11 
(1) (2)
549 
(1) (2)
Realized gain (loss) on investment in securities
— — — (1,250)(3)
Net$54 $(118)$337 $(1,551)
________
(1)Reported in “realized and unrealized gain (loss) on derivatives” in our condensed consolidated statements of operations.
(2)Represents settled and unsettled payments from counterparties on interest rate caps.
(3)Reported in “other income (expense)” in our condensed consolidated statements of operations.