Available-for-Sale Securities (Tables)

3 Months Ended

Mar. 31, 2019

Investments Debt And Equity Securities [Abstract]

Details of Carrying and Fair Values Of CMBS And CRE CLO Investment Portfolio

Details of the carrying and fair values of the Company’s CMBS and CRE CLO investment portfolio are as follows (dollars in thousands):

	March 31, 2019
	Face Amount		Unamortized Premium (Discount), net			Gross Unrealized (Loss)			Estimated Fair Value
Investments, at Fair Value
CMBS and CRE CLO Investments	$	310,192	$	(19	)	$	(1,879	)	$	308,294

	December 31, 2018
	Face Amount		Unamortized Premium (Discount), net			Gross Unrealized (Loss)			Estimated Fair Value
Investments, at Fair Value
CMBS and CRE CLO Investments	$	76,404	$	(38	)	$	(1,985	)	$	74,381

Available-for-sale CMBS and CRE CLO Investments by Contractual Maturity

The Company’s CMBS and CRE CLO investments have a weighted average contractual maturity, based on estimated fair value, of 16.3 years. The amortized cost and estimated fair value of the Company’s available-for-sale CMBS and CRE CLO investments by contractual maturity are shown in the following table (dollars in thousands):

	March 31, 2019
	Amortized Cost		Estimated Fair Value
Maturity Date
Within five years	$	37,920	$	37,582
After five years		272,328		270,712
Total investment in CMBS and CRE CLO securities,    at amortized cost and estimated fair value	$	310,248	$	308,294

	December 31, 2018
	Amortized Cost		Estimated Fair Value
Maturity Date
After one, within five years	$	37,929	$	38,076
After five years		38,436		36,305
Total investment in CMBS and CRE CLO securities,    at amortized cost and estimated fair value	$	76,365	$	74,381