CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS:
Cash and cash equivalents	$ 89,622	$ 83,449
Restricted cash	1,971	8,437
Accrued interest receivable	12,555	11,783
CRE loans	1,713,711	1,857,093
Less: allowance for credit losses	(34,990)	(28,757)
CRE loans, net	1,678,721	1,828,336
Principal paydowns receivable	2,500	0
Loan receivable - related party	$ 10,850	$ 10,975
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration]	us-gaap:RelatedPartyMember	us-gaap:RelatedPartyMember
Investments in unconsolidated entities	$ 21,630	$ 1,548
Properties held for sale	63,341	62,605
Investments in real estate	182,403	157,621
Right of use assets	19,706	19,879
Intangible assets	7,395	7,882
Other assets	4,548	3,590
Total assets	2,095,242	2,196,105
LIABILITIES
Accounts payable and other liabilities	9,438	13,963
Management fee payable - related party	$ 540	$ 584
Other Liability, Related Party, Type [Extensible Enumeration]	us-gaap:RelatedPartyMember	us-gaap:RelatedPartyMember
Accrued interest payable	$ 7,881	$ 8,459
Borrowings	1,582,031	1,676,200
Lease liabilities	44,592	44,276
Distributions payable	3,229	3,262
Accrued tax liability	16	121
Liabilities held for sale	3,123	3,025
Total liabilities	1,650,850	1,749,890
EQUITY
Common stock, par value $0.001: 41,666,666 shares authorized; 7,903,175 and 7,878,216 shares issued and outstanding (including 574,538 and 416,675 unvested restricted shares)	8	8
Additional paid-in capital	1,165,176	1,169,970
Accumulated other comprehensive loss	(4,006)	(4,801)
Distributions in excess of earnings	(727,182)	(729,391)
Total stockholders’ equity	434,006	435,796
Non-controlling interests	10,386	10,419
Total equity	444,392	446,215
TOTAL LIABILITIES AND EQUITY	2,095,242	2,196,105
8.625% Series C Preferred Stock
EQUITY
Preferred stock, value	5	5
7.875% Series D Preferred Stock
EQUITY
Preferred stock, value	$ 5	$ 5