Real Estate Debt Investments (Tables)

9 Months Ended

Sep. 30, 2020

Real Estate [Abstract]

Schedule of the Company's Real Estate Debt Investments

The following table presents the Company’s one debt investment (dollars in thousands):

			Carrying Value(1)
Asset Type:	Principal Amount		September 30, 2020 (Unaudited)		December 31, 2019		Fixed Rate		Unlevered Current Yield		Final Maturity Date
Mezzanine loan(1)	$	74,182	$	55,038	$	55,468	10.0	%	10.3	%	Jan 2021

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(1)As a result of impairments and other non-cash reserves recorded by the joint venture, the Company’s carrying value of its Espresso unconsolidated investment was reduced to zero in the fourth quarter of 2018. The Company has recorded the excess equity in losses related to its unconsolidated investment as a reduction to the carrying value of its mezzanine loan, which was originated to a subsidiary of the Espresso joint venture. As of September 30, 2020 and December 31, 2019, the cumulative excess equity in losses included in the mezzanine loan carrying value were $19.1 million and $18.6 million, respectively.