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Real estate owned, held for sale

12 Months Ended

Dec. 31, 2023

Note 16. Real estate owned, held for sale

The table below presents details on the real estate owned, held for sale portfolio.


(in thousands)	December 31, 2023		December 31, 2022
Acquired Portfolio:
Mixed Use	$	8,535	$	35,361
Multi-family		73,745		48,768
Lodging		14,010		—
Residential		23,064		—
Office		6,901		—
Land		86,375		—
Total Acquired REO ⁽¹⁾	$	212,630	$	84,129
Other REO held for sale:
Single Family		—		24,300
Office		5,983		6,816
Services		1,126		—
Mixed Use		4,247		—
Multi-family		28,139		—
Other		824		1,853
Total Other REO	$	40,319	$	32,969
Total real estate owned, held for sale	$	252,949	$	117,098
(1) Refer to Note 5 for further details on assets acquired and liabilities assumed in connection with the Broadmark Merger.

In the table above, Other REO excludes $1.9 million and $1.0 million as of December 31, 2023 and December 31, 2022, respectively, of real estate owned, held for sale within consolidated VIEs.

As of December 31, 2023, based on updated valuations obtained, the Company recorded a measurement period adjustment of $5.4 million to decrease the value of real estate owned, held for sale in connection with the Broadmark Merger. Refer to Note 5 for further details on assets acquired and liabilities assumed in connection with the Broadmark Merger.