Secured Financings On Investments In Real Estate Debt (Tables)

9 Months Ended

Sep. 30, 2023

Secured Financings On Investments In Real Estate Debt [Abstract]

Schedule of Secured Financings on Investments in Real Estate Debt Transactions

For financial statement purposes, the Company does not offset its secured financings on investments in real estate debt and securities lending transactions because the conditions for netting as specified by GAAP are not met. Although not offset on the Company’s Condensed Consolidated Balance Sheets, these transactions are summarized in the following tables ($ in thousands):

			September 30, 2023
Indebtedness	Maturity Date	Coupon	Collateral Assets(1)		Outstanding Balance
Barclays RA	February 2026	SONIA + 2.50%	$	439,398	$	241,669
Syndicated RA(2)	June 2027	BBSY + 2.82%		888,439		487,480
			$	1,327,837	$	729,149

			December 31, 2022
Indebtedness	Maturity Date	Coupon	Collateral Assets(1)		Outstanding Balance
Barclays RA	February 2026	SONIA + 2.50%	$	433,044	$	238,174
Syndicated RA	June 2027	BBSY + 2.65%		933,812		513,597
			$	1,366,856	$	751,771

(1) Represents the fair value of the Company’s real estate-related term loan investments.

(2) Outstanding balance is reflected net of $1.3 million of unamortized deferred financing costs.