Fair Values of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Fair Values of Financial Instruments [Abstract]

Fair Value Measurements, Nonrecurring [Table Text Block]

The following tables provide estimated fair values of the Company’s financial instruments. The carrying values of the Company's real estate loans include accrued interest receivable from additional interest or exit fee allowances and are presented net of deferred loan fee revenue and credit losses reserves, where applicable.

	As of March 31, 2022
	Carrying value				Fair value measurements using fair value hierarchy
(In thousands)			Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Real estate loans	$	228,850	$	236,159	$	—	$	—	$	236,159
Notes receivable and line of credit receivable	8,875		8,875		—		—		8,875
	$	237,725	$	245,034	$	—	$	—	$	245,034
Financial Liabilities:
Mortgage notes payable	$	2,427,217	$	2,355,741	$	—	$	—	$	2,355,741
Revolving line of credit	—		—		—		—		—
	$	2,427,217	$	2,355,741	$	—	$	—	$	2,355,741

	As of December 31, 2021
	Carrying value				Fair value measurements using fair value hierarchy
(In thousands)			Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Real estate loans	$	213,458	$	219,923	$	—	$	—	$	219,923
Notes receivable and line of credit receivable	9,011		9,011		—		—		9,011
	$	222,469	$	228,934	$	—	$	—	$	228,934
Financial Liabilities:
Mortgage notes payable	$	2,382,652	$	2,414,774	$	—	$	—	$	2,414,774
Revolving line of credit	—		—		—		—		—
	$	2,382,652	$	2,414,774	$	—	$	—	$	2,414,774