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Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2024
Accounting Policies [Abstract] |
Schedule of Carrying Amount and Fair Value of Financial Instrument | The following table summarizes the carrying amount and the fair value of our financial instruments as of the periods indicated:
|  | As of March 31, 2024 |  | As of December 31, 2023
Financial Instrument |  | Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value
Assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 21,275 |  |  | $ | 21,275 |  |  | $ | 22,852 |  |  | $ | 22,852 |
Restricted cash |  | 20,625 |  |  | 20,625 |  |  | 27,880 |  |  | 27,880 |
Derivative assets |  | 38,845 |  |  | 38,845 |  |  | 29,937 |  |  | 29,937 |
Liabilities |  |  |  |  |  |  |  |
Debt: |  |  |  |  |  |  |  |
Unsecured Revolver |  | 108,094 |  |  | 109,370 |  |  | 233,362 |  |  | 235,607 |
Unsecured Term loans |  | 597,698 |  |  | 601,508 |  |  | 597,544 |  |  | 602,589 |
Secured credit facilities |  | 604,019 |  |  | 547,901 |  |  | 606,099 |  |  | 554,198 |
Mortgages (1) |  | 967,287 |  |  | 886,882 |  |  | 1,112,404 |  |  | 1,029,028 |
(1)Includes indebtedness associated with real estate held for sale of $64,825. In addition to assets and liabilities that are recorded at fair value on a recurring basis, we record assets and liabilities at fair value on a nonrecurring basis as required by U.S. GAAP. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges. As discussed further in Note 3 “Investments in Real Estate”, we recognized an impairment charge of $15,107 during the three months ended March 31, 2024 at one of the properties classified as held for sale as of March 31, 2024. The impairment charge was determined by comparing the fair value of the property to its carrying value. The fair value was based on executed purchase and sale agreements and was determined to be a Level 3 fair value measurement within the fair value hierarchy.

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