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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Table Derivative Financial Instrument

The following table details our derivative financial instrument as of December 31, 2023 (amounts in thousands):

 

Interest Rate Derivative  Notional Amount   Strike   Maturity Date  Fair Value (1) 
1991 Main Interest Rate Cap  $72,218    5.07%  July 2024  $93 

 

 

(1) Included in Other assets in our consolidated balance sheets.
Schedule of Table Details Effect Derivative Financial Instrument

The following table details the effect of our derivative financial instrument on our consolidated statement of operations for the year ended December 31, 2023 (amounts in thousands):

 

Interest Rate Derivative  Location of Gain (Loss)  Amount 
1991 Main Interest Rate Cap  Other expense  $(66)