Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets Measured on Recurring Basis

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

	June 30, 2022								December 31, 2021
$ in thousands	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Investments in real estate-related securities	$	7,643	$	17,690	$	—	$	25,333	$	407	$	12,278	$	—	$	12,685
Interest rate caps	—		4,278		—		4,278		—		—		—		—
Total	$	7,643	$	21,968	$	—	$	29,611	$	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	June 30, 2022				December 31, 2021
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Revolving credit facility	$	62,100	$	62,100	$	75,500	$	75,500
Mortgage notes payable	378,425		376,128		163,500		163,500
Financing obligation	54,000		54,000		54,000		54,000
Total	$	494,525	$	492,228	$	293,000	$	293,000