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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2024
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 (in thousands):
|  |  | March 31, 2024 |  | December 31, 2023
| Level |  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
NLOP Mortgage Loan, net (a) (b) (c) | 3 |  | $ | 259,807 |  |  | $ | 280,160 |  |  | $ | 266,844 |  |  | $ | 291,358 |
NLOP Mezzanine Loan, net (a) (b) (c) | 3 |  | 108,038 |  |  | 113,880 |  |  | 106,299 |  |  | 113,797 |
Non-recourse mortgages, net (a) (b) (c) | 3 |  | 147,328 |  |  | 143,883 |  |  | 168,836 |  |  | 165,077 |
__________ (a)The carrying value of the NLOP Mortgage Loan, net includes unamortized deferred financing costs of $5.4 million and $6.7 million at March 31, 2024 and December 31, 2023, respectively. The carrying value of the NLOP Mezzanine Loan, net includes unamortized deferred financing costs of $1.9 million and $2.4 million at March 31, 2024 and December 31, 2023, respectively. The carrying value of Non-recourse mortgages, net includes unamortized deferred financing costs of less than $0.1 million at December 31, 2023. There were no unamortized deferred financing costs on our Non-recourse mortgages, net as of March 31, 2024. (b)The carrying value of the NLOP Mortgage Loan, net includes unamortized discount of $12.4 million and $15.3 million at March 31, 2024 and December 31, 2023, respectively. The carrying value of the NLOP Mezzanine Loan, net includes unamortized discount of $4.4 million and $5.6 million at March 31, 2024 and December 31, 2023, respectively. The carrying value of Non-recourse mortgages, net includes unamortized discount of $0.4 million and $0.7 million at March 31, 2024 and December 31, 2023, respectively. (c)We determined the estimated fair value of our NLOP Mortgage Loan, NLOP Mezzanine Loan, and non-recourse mortgage loans 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.
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 (in thousands):
| Three Months Ended March 31,
| 2024 |  | 2023
| Fair Value Measurements |  | Impairment Charges |  | Fair Value Measurements |  | Impairment Charges
Impairment Charges |  |  |  |  |  |  |
Real estate | $ | 13,710 |  |  | $ | 4,065 |  |  | $ | — |  |  | $ | — |
|  |  | $ | 4,065 |  |  |  |  | $ | — |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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