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Commitments and Contingencies
6 Months Ended
Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Commitments and contingencies may arise in the ordinary course of business. Our material off-balance sheet commitments and contingencies as of June 30, 2021 are discussed below.
As discussed in Note 4 — “Investments in Unconsolidated Real Estate Entities”, we have committed to fund improvements to a multifamily property owned by San Simeon Holdings. We are required to fund our commitment as requested through December 31, 2023. As of June 30, 2021, our undrawn capital commitment was $8.8 million.
We have also committed to fund up to $3.5 million of tenant improvements at our Willows Facility through December 31, 2021.
As of June 30, 2021 and December 31, 2020, we were not subject to any material litigation or aware of any pending or threatened material litigation.