Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Summary of Fair Value of Financial Instruments

A summary of the face values, carrying amounts and fair values of the Company’s financial instruments as of December 31, 2017 and December 31, 2016 using Level 2 inputs, for the senior unsecured notes payable, and Level 3 inputs, for all other financial instruments, is as follows (dollars in thousands):

	December 31, 2017						December 31, 2016
	Face Value		Carrying Amount		Fair Value		Face Value		Carrying Amount		Fair Value
Financial assets:
Preferred equity investments	$	4,531	$	5,550	$	5,423	$	12,031	$	13,872	$	14,289
Mortgage loan receivable	12,517		12,399		12,517		—		—		—
Financial liabilities:
Senior unsecured notes payable	$	300,000	$	294,395	$	307,500	$	260,000	$	255,294	$	265,850