Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of Investments in Real Estate Useful Lives

Our investments in real estate are stated at cost and are generally depreciated on a straight-line basis over the estimated useful lives of the assets as follows:

Description	Depreciable Life
Building	30 - 40 years
Building and land improvements	1 - 10 years
Furniture, fixtures and equipment	1 - 7 years
Lease intangibles	Over lease term
Leasehold improvements	Shorter of lease term or economic life of improvements

Investments in real estate, net consist of:

$ in thousands	December 31, 2021		December 31, 2020
Building and improvements	$	365,687	$	44,317
Land and land improvements	64,127		16,483
Furniture, fixtures and equipment	8,690		—
Total	438,504		60,800
Accumulated depreciation	(4,131)		(27)
Investments in real estate, net	$	434,373	$	60,773

Schedule of Fair Value, Assets Measured on Recurring Basis

The following table details our assets measured at fair value on a recurring basis:

$ in thousands	December 31, 2021								December 31, 2020
Assets:	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Investments in real estate-related securities	$	407	$	12,278	$	—	$	12,685	$	11	$	866	$	—	$	877
Total	$	407	$	12,278	$	—	$	12,685	$	11	$	866	$	—	$	877