v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Carrying Values and Fair Values of Debt Instruments
Our material financial instruments had the following carrying values and fair values as of the dates shown (dollars in thousands):
June 30, 2026December 31, 2025
LevelCarrying ValueFair ValueCarrying ValueFair Value
Non-recourse mortgage (a)
3$21,900 $16,624 $21,900 $21,900 
__________
(a)We determined the estimated fair value of our non-recourse mortgage loan using a discounted cash flow model that estimates the present value of the future loan payments by discounting such payments at current estimated market interest rates. The estimated market interest rates consider interest rate risk and the value of the underlying collateral, which includes quality of the collateral, the credit quality of the tenant/obligor, and the time until maturity. As of June 30, 2026, we determined that the estimated fair value of the mortgage loan was equal to the fair value of the property encumbered by the loan (Note 5). This non-recourse mortgage loan, which has a maturity date of July 6, 2026, has not been repaid as of the date of this Report (Note 13)
Schedule of Fair Value Impairment Charges Using Unobservable Inputs Nonrecurring Basis
The following table presents information about assets for which we recorded an impairment charge and that were measured at fair value on a non-recurring basis (classified as Level 3) (in thousands):
Three Months Ended June 30,
20262025
Fair Value MeasurementsImpairment ChargesFair Value MeasurementsImpairment Charges
Impairment Charges
Real estate$12,576 $7,093 $97,768 $81,817 
$7,093 $81,817 
Six Months Ended June 30,
20262025
Fair Value MeasurementsImpairment ChargesFair Value MeasurementsImpairment Charges
Impairment Charges
Real estate$12,576 $7,093 $113,938 $82,737 
$7,093 $82,737