Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of financial assets and liabilities measured at fair value

Set forth below is information regarding the Company’s financial assets and liabilities measured at fair value as of September 30, 2020 (dollars in thousands):

	Carrying and Fair Value		Fair Value Measurements Using Fair Value Hierarchy
			Level 1		Level 2		Level 3
Financial Liabilities:
Interest rate swap	$	28	$	—	$	28	$	—

Set forth below is information regarding the Company’s financial assets and liabilities measured at fair value as of December 31, 2019 (dollars in thousands):

	Carrying and Fair Value		Fair Value Measurements Using Fair Value Hierarchy
			Level 1		Level 2		Level 3
Financial Liabilities:
Interest rate swap	$	12	$	—	$	12	$	—

The Company measures its real estate investments at fair value on a nonrecurring basis. The fair value of the real estate investment was determined using the following input levels as of September 30, 2020 (dollars in thousands):

	Carrying and Fair Value		Fair Value Measurements Using Fair Value Hierarchy
			Level 1		Level 2		Level 3
Non-Financial Assets:
Long-lived assets	$	4,379	$	—	$	—	$	4,379

Schedule of Fair Value Measurement Inputs and Valuation Techniques

Quantitative information about Level 3 measurements at September 30, 2020 is as follows:

	Fair Value		Valuation Technique	Significant Unobservable Inputs
Financial Liabilities: Long-lived asset:
Vacant land - South Daytona Beach, FL	$	4,379	Discounted cash flow	Non-binding sales contract /Discount rate 12.5%