Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of fair value assets measured on a recurring basis

The following sets forth the Company’s financial instruments that are accounted for at fair value on a recurring basis as of March 31, 2020 and December 31, 2019 (dollars in thousands):

	Fair Value Measurement Using
	Total Fair Value		Quoted Price in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Interest rate caps at:
March 31, 2020	$	—	$	—	$	—	$	—
December 31, 2019	$	—	$	—	$	—	$	—

Schedule of carrying value and fair value of senior secured loan and debt

The following table sets forth the carrying value and the estimated fair value of the Senior Secured Loan and debt as of March 31, 2020 and December 31, 2019 (dollars in thousands):

	Fair Value Measurement Using
	Total Fair Value		Quoted Price in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Carrying Value
Assets
Senior Secured Loan at:
March 31, 2020	$	10,928	$	—	$	10,928	$	—	$	10,914
December 31, 2019	$	15,915	$	—	$	15,915	$	—	$	15,858
Liabilities
Debt at:
March 31, 2020	$	494,429	$	—	$	494,429	$	—	$	459,008
December 31, 2019	$	503,028	$	—	$	503,028	$	—	$	491,575