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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
3 Months Ended
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Cap Derivatives
The following table summarizes the terms of the Company’s interest rate cap agreement as of March 31, 2024 (dollar amounts in thousands):
   Outstanding Notional   Fair Value of Assets as of
Balance SheetAmount as ofStrikeEffectiveMaturityMarch 31,
LocationMarch 31, 2024
Rates (1)
DatesDates2024
Interest Rate CapsOther assets$87,000 

4.5%
 5/03/2023
7/07/2025
$544 
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(1)The index used for the Company’s interest rate cap agreements is 1-Month Term SOFR.