Investments in Real Estate-Related Securities

6 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Investments in Real Estate-Related Securities

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


	June 30, 2022
$ in thousands	Principal Balance		Unamortized Premium (Discount)		Amortized Cost / Cost(1)		Unrealized Gain (Loss), Net		Fair Value		Period-end Weighted Average Yield		Weighted-Average Maturity Date
Non-agency CMBS	$	14,246	$	(303)	$	13,943	$	(1,133)	$	12,810	5.40	%	7/21/2042
Corporate debt	5,228		196		5,424		(544)		4,880		3.97	%	3/3/2026
Preferred stock of REITs	N/A		N/A		3,651		(90)		3,561		3.54	%	N/A
Common stock of REITs	N/A		N/A		4,034		48		4,082		6.40	%	N/A
Total	$	19,474	$	(107)	$	27,052	$	(1,719)	$	25,333


	December 31, 2021
$ in thousands	Principal Balance		Unamortized Premium (Discount)		Amortized Cost / Cost(1)		Unrealized Gain (Loss), Net		Fair Value		Period-end Weighted Average Yield		Weighted-Average Maturity Date
Non-agency CMBS	$	7,171	$	(83)	$	7,088	$	(154)	$	6,934	3.60	%	8/11/2042
Corporate debt	5,125		226		5,351		(7)		5,344		3.58	%	3/29/2026
Preferred stock of REITs	N/A		N/A		411		(4)		407		6.78	%	N/A

Total	$	12,296	$	143	$	12,850	$	(165)	$	12,685

(1)For non-agency CMBS and corporate debt, the amount presented represents amortized cost. For preferred and common stock of REITs, the amount presented represents cost.