XML 64 R34.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Fair Value (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Fair Value |
Schedule of financial instruments not measured at fair value on a recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | December 31, 2024 |  | December 31, 2023
​ | ​ | Fair Value | ​ | Carrying |  | Estimated | ​ | Carrying |  | Estimated
in thousands | ​ | Hierarchy | ​ | Amount | ​ | Fair Value | ​ | Amount | ​ | Fair Value
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and Restricted cash |  | Level 1 | ​ | $ | 167,845 | ​ | $ | 167,845 | ​ | $ | 43,845 | ​ | $ | 43,845
Accounts receivable, net (a) |  | Level 3 | ​ |  | 5,246 | ​ |  | 5,246 | ​ |  | 13,672 | ​ |  | 13,672
Liabilities: |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Fixed-rate debt (b) |  | Level 2 | ​ |  | 41,087 | ​ |  | 40,032 | ​ |  | 42,990 | ​ |  | 38,906
Variable-rate debt (b) |  | Level 2 | ​ | $ | 61,300 | ​ | $ | 61,300 | ​ |  | 115,000 | ​ |  | 115,000
(a) | Accounts receivable, net is shown net of an allowance of $2.6 million at December 31, 2024 and $1.4 million at December 31, 2023, respectively. Refer to Note 1 – Summary of Significant Accounting Policies for additional information on the allowance.
(b) | Excludes related unamortized financing costs.
Schedule of non-financial assets measured on a non-recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements Using
​ | ​ | ​ | ​ | ​ | Quoted Prices in Active | ​ | Significant Other | ​ | Significant Unobservable
​ | ​ | Total Fair Value | ​ | Markets for Identical | ​ | Observable Inputs | ​ | Inputs
thousands |  | Measurement (a) |  | (Level 1) |  | (Level 2) |  | (Level 3)
2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net investment in real estate |  | $ | 321,180 | ​ | $ | — | ​ | $ | — | ​ | $ | 321,180
Investments in unconsolidated ventures |  | $ | 40,225 | ​ | $ | — | ​ | $ | — | ​ | $ | 40,225
(a) | The fair value was measured as of the impairment date in the third quarter of 2023 using a discounted cash flow analysis to determine fair value, with capitalization rates ranging from 5.5% to 6.75%, discount rates ranging from 8.5% to 13.3%, and restaurant multiples ranging from 8.3 to 11.8. Refer to Note 3 – Impairment for additional information.

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about fair value of asset and liability not measured at fair value. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2E -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E + Details
Name: | us-gaap_FairValueDisclosureOfAssetAndLiabilityNotMeasuredAtFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration