Fair Value Measurements (Tables)

12 Months Ended

Dec. 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 December 31, 2020 and 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:
December 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 Company’s Senior Secured Loan and debt as of December 31, 2020 and 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:
December 31, 2020	$	—	$	—	$	—	$	—	$	—
December 31, 2019	$	15,915	$	—	$	15,915	$	—	$	15,858
Liabilities
Debt at:
December 31, 2020	$	481,809	$	—	$	481,809	$	—	$	459,118
December 31, 2019	$	503,028	$	—	$	503,028	$	—	$	491,575