XML 86 R71.htm IDEA: XBRL DOCUMENT v3.24.2
Debt and Preferred Equity Investments - Schedule of Debt and Preferred Equity Investments (Details)
$ in Thousands
Jun. 30, 2024
USD ($)
investment
Dec. 31, 2023
USD ($)
investment
Debt Instrument [Line Items]    
Carrying Value $ 290,487 $ 346,745
Senior Financing $ 1,053,690  
Number of investments, nonperforming | investment 2 2
Total floating rate    
Debt Instrument [Line Items]    
Carrying Value $ 108,222  
Face Value 108,377  
Total fixed rate    
Debt Instrument [Line Items]    
Carrying Value 182,265  
Face Value 182,265  
Mezzanine Debt    
Debt Instrument [Line Items]    
Carrying Value 158,222  
Senior Financing 803,690  
Mezzanine Debt | Total floating rate    
Debt Instrument [Line Items]    
Carrying Value 108,222  
Face Value 108,377  
Mezzanine Debt | Total fixed rate    
Debt Instrument [Line Items]    
Carrying Value 50,000  
Face Value 50,000  
Preferred Equity (4)    
Debt Instrument [Line Items]    
Carrying Value 132,265  
Senior Financing 250,000  
Preferred Equity (4) | Total floating rate    
Debt Instrument [Line Items]    
Carrying Value 0  
Face Value $ 0  
Basis spread on variable rate 0.00%  
Preferred Equity (4) | Total fixed rate    
Debt Instrument [Line Items]    
Carrying Value $ 132,265  
Face Value $ 132,265  
Interest Rate 6.50%  
Minimum | Mezzanine Debt | Total floating rate    
Debt Instrument [Line Items]    
Basis spread on variable rate 5.00%  
Minimum | Mezzanine Debt | Total fixed rate    
Debt Instrument [Line Items]    
Interest Rate 8.00%  
Maximum | Mezzanine Debt | Total floating rate    
Debt Instrument [Line Items]    
Basis spread on variable rate 12.38%  
Maximum | Mezzanine Debt | Total fixed rate    
Debt Instrument [Line Items]    
Interest Rate 8.40%