Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Summary of Fair Values of Real Estate Investments Measured at Nonrecurring Basis

The Company measures its real estate investments at fair value on a nonrecurring basis. The fair values of these real estate investments were determined using the following input levels as of the dates presented:

	Net Carrying				Fair Value Measurements Using Fair Value Hierarchy
(in thousands)	Value		Fair Value		Level 1		Level 2		Level 3
March 31, 2019
Non-financial assets:
Long-lived assets	$	2,413	$	2,413	$	—	$	—	$	2,413
December 31, 2018
Non-financial assets:
Long-lived assets	$	3,238	$	3,238	$	—	$	—	$	3,238

Summary of Quantitative Information About Level 3 Fair Value Measurements

Quantitative information about Level 3 fair value measurements as of March 31, 2019 is as follows:

(dollar amounts in thousands)	Fair Value		Valuation Techniques	Significant Unobservable Inputs
Non-financial assets:
Long-lived assets:
Automotive service—Capitol Heights, MD	$	2,000	Sales comparison approach	Binding sales contract	$	2,000
Quick service restaurant—Mansfield, OH		88	Discounted cash flow approach	De minimis		88
Quick service restaurant—Baden, PA		25	Discounted cash flow approach	De minimis		25
Vacant property—St. Louis, MO		300	Discounted cash flow approach	Non-binding sales contract		300