Interest Rate Caps (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Interest Rate Caps

The following is a summary of the Company’s interest rate caps as of December 31, 2021:

						Notional Amount
Execution Date	Effective Date	Maturity Date	Strike Rate			(in thousands)
03/2020	03/2020	03/2023		1.75	%	$	100,000
08/2020	08/2020	08/2023		0.50	%		50,000
09/2020	09/2020	10/2023		0.50	%		100,000
11/2020	11/2020	11/2023		0.25	%		50,000
02/2021	02/2021	02/2024		0.25	%		50,000
03/2021	03/2021	03/2024		0.25	%		50,000
06/2021	06/2021	06/2024		0.25	%		50,000
12/2021	08/2023	02/2026		0.50	%		50,000
12/2021	02/2024	02/2026		0.50	%		50,000
Total notional amount						$	550,000

Summary of Changes in Fair Value of Interest Rate Caps

The following is a summary of changes in fair value of the interest rate caps (included in other assets) for the periods indicated:

	Year Ended December 31,
Dollars in thousands	2021		2020			2019
Balance at beginning of period	$	265	$	—		$	249
Purchases		3,600		526			—
Fair value adjustment included as an (increase) decrease in interest expense		2,721		(261	)		(249	)
Balance at end of period	$	6,586	$	265		$	—