Investments in Real Estate-Related Securities

9 Months Ended

Sep. 30, 2021

Investments, Debt and Equity Securities [Abstract]

Investments in Real Estate-Related Securities

5. Investments in Real Estate-Related Securities

The following tables summarize our investments in real estate-related debt securities by asset type:

	September 30, 2021
$ in thousands	Principal Balance		Unamortized Premium (Discount)		Amortized Cost		Unrealized Gain (Loss), Net			Fair Value		Period-end Weighted Average Yield			Weighted-Average Maturity Date
Non-agency CMBS	$	2,846	$	141	$	2,987	$	(3	)	$	2,984		2.53	%		11/30/2033
Corporate debt		1,125		86		1,211		14			1,225		1.90	%		5/3/2024
Total	$	3,971	$	227	$	4,198	$	11		$	4,209

	December 31, 2020
$ in thousands	Principal Balance		Unamortized Premium (Discount)		Amortized Cost		Unrealized Gain (Loss), Net		Fair Value		Period-end Weighted Average Yield			Weighted-Average Maturity Date
Non-agency CMBS	$	716	$	11	$	727	$	2	$	729		3.39	%		1/22/2032
Corporate debt		125		9		134		3		137		2.55	%		1/15/2025
Total	$	841	$	20	$	861	$	5	$	866

As of September 30, 2021 and December 31, 2020, we also hold investments in preferred stock of real estate investment trusts with a fair value of $0.3 million and approximately $11,000, respectively, and a period-end weighted average yield of 6.83% and 6.52%, respectively.