v3.26.1
Derivatives and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 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 March 31, 2026 and December 31, 2025:
Balance
SheetUnderlyingMaturityStrikeNotionalFair Value at
Line Item InstrumentDateRateAmountMarch 31, 2026December 31, 2025
Other assets, net
Mountain Floating Rate Loan
03/15/20263.10%$1,400,000 $— $1,629 
Other assets, net
Mountain Floating Rate Loan03/15/20273.29%$1,400,000 6,093 — 
Total$6,093 $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 income (loss) for the periods shown:
Three Months Ended March 31,
20262025
Amount of gain (loss) recognized on derivatives in other comprehensive income (loss)$2,682 $(1,759)
Amount of loss reclassified from cumulative other comprehensive income (loss) into interest expense$(1,304)$(957)
Total amount of interest expense presented in the condensed consolidated statements of comprehensive income (loss)
$(61,702)$(69,813)