Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets Measured on Recurring Basis

The following table details our assets measured at fair value on a recurring basis:

	March 31, 2022								December 31, 2021
$ in thousands	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Investments in real estate-related securities	$	8,115	$	15,545	$	—	$	23,660	$	407	$	12,278	$	—	$	12,685
Interest rate caps	—		3,324		—		3,324		—		—		—		—
Total	$	8,115	$	18,869	$	—	$	26,984	$	407	$	12,278	$	—	$	12,685

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis

The following table presents the carrying value and estimated fair value of our financial instruments that are not carried at fair value on the condensed consolidated balance sheets:

$ in thousands	March 31, 2022				December 31, 2021
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Liabilities:
Revolving credit facility	$	108,300	$	108,300	$	75,500	$	75,500
Mortgage notes payable	203,160		202,593		163,500		163,500
Financing obligation	53,752		53,752		53,619		53,619
Total	$	365,212	$	364,645	$	292,619	$	292,619