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FAIR VALUE MEASUREMENTS - Schedule of Assets Measured at Fair Value on a Recurring Basis Using Level 3 Inputs (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Unrealized losses on other real estate related investments, net $ (5,251) $ (4,706) $ (7,856) $ (4,706)
Investments in Real Estate Secured Loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of period     117,684  
Loan originations     47,534  
Accrued interest, net     292  
Unrealized losses on other real estate related investments, net     (6,139)  
Repayments     0  
Balance at end of period 159,371   159,371  
Investments in Mezzanine Loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of period     38,684  
Loan originations     0  
Accrued interest, net     (163)  
Unrealized losses on other real estate related investments, net     (1,717)  
Repayments     (15,000)  
Balance at end of period $ 21,804   $ 21,804