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Fair Value Disclosures (Tables)
 6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Related to Financial Instruments, Measured at Fair Value on a Recurring Basis
A summary of assets and liabilities at June 30, 2022 and December 31, 2021, related to our financial instruments, measured at fair value on a recurring basis, is set forth below (in thousands):
June 30, 2022December 31, 2021
HierarchyBook ValueFair ValueBook ValueFair Value
Senior Notes(1)
Level 2$1,097,919 $1,016,670 $1,097,428 $1,199,825 
Term loan(2)
Level 2$250,000 $250,000 $250,000 $250,000 
Seller financed loans(3)
Level 2$— $— $504 $504 
 __________
(1)The book value of the Senior Notes is net of discounts, excluding deferred loan costs of $9.0 million and $10.2 million as of June 30, 2022 and December 31, 2021, respectively. The estimated fair value of the Senior Notes at June 30, 2022 and December 31, 2021 is based on quoted market prices.
(2)The estimated fair value of the Term Loan Facility as of June 30, 2022 and December 31, 2021 approximated book value due to the variable interest rate terms of this loan.
(3)The estimated fair value of our seller financed loan as of December 31, 2021 approximated book value due to the short term nature of these loans.
Summary of Nonfinancial Assets Measured at Fair Value on a Nonrecurring Basis The following table presents impairment charges and the remaining net fair value for nonfinancial assets that were measured during the periods presented (in thousands):
Six Months Ended June 30, 2022Year Ended December 31, 2021
HierarchyImpairment
Charge		Fair Value
Net of
Impairment		Impairment
Charge		Fair Value
Net of
Impairment
Real estate inventories(1)
Level 3$— $— $19,600 $27,300 
 __________
(1)Fair value of real estate inventories, net of impairment charges represents only those assets whose carrying values were adjusted to fair value in the respective periods presented,