Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

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 date presented:

	Net Carrying Value				Fair Value Measurements Using Fair Value Hierarchy
(in thousands)			Fair Value		Level 1		Level 2		Level 3
June 30, 2020
Non-financial assets:
Long-lived assets	$	1,445	$	—	$	—	$	—	$	1,445
December 31, 2019
Non-financial assets:
Long-lived assets	$	3,864	$	—	$	—	$	—	$	3,864

Summary of Quantitative Information About Level 3 Fair Value Measurements

Quantitative information about Level 3 fair value measurements as of June 30, 2020 is as follows:

(dollar amounts in thousands)	Fair Value		Valuation Techniques	Significant Unobservable Inputs
Non-financial assets:
Long-lived assets:
Vacant - Sylacauga, AL	$	187	Sales comparison approach	Binding sales contract	$	187
Vacant - Waterloo, IA	550		Sales comparison approach	Non-binding listing agreement	550
Family Dining - Jacksonville, FL	709		Discounted cash flow approach	Terminal Value: 8.0% Discount Rate: 8.5%	709