Investments in Unconsolidated Entities (Tables)

6 Months Ended

Jun. 30, 2025

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Investment in Unconsolidated Entities

The following tables detail our investments in unconsolidated entities ($ in thousands):

	June 30, 2025
Investments in Unconsolidated Entities	Number of Assets	Ownership Interest	Book Value
Unconsolidated entities carried at historical cost
Net Lease Joint Venture(1)	53	75%	$52,181
Total unconsolidated entities carried at historical cost	53		52,181
Unconsolidated entities carried at fair value
Bank Loan Portfolio Joint Venture(2)	171	29%	55,906
Total unconsolidated entities carried at fair value	171		55,906
Total	224		$108,087

(1)The number of assets represents the number of real estate properties held.

(2)The number of assets represents the number of commercial mortgage loans.

	December 31, 2024
Investments in Unconsolidated Entities		Number of Assets	Ownership Interest	Book Value
Unconsolidated entities carried at historical cost
Net Lease Joint Venture		–	75%	$4,452
Total unconsolidated entities carried at historical cost		–		4,452
Total		–		$4,452