Investments in Real Estate-Related Securities (Tables)

9 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Investments in Real Estate-Related Debt Securities

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

	September 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	$	14,661	$	(397)	$	14,264	$	(1,495)	$	12,769	5.82	%	9/2/2042
Corporate debt	5,228		180		5,408		(552)		4,856		3.99	%	3/4/2026
Preferred stock of REITs	N/A		N/A		3,651		(384)		3,267		6.98	%	N/A
Common stock of REITs	N/A		N/A		4,034		(530)		3,504		4.12	%	N/A
Total	$	19,889	$	(217)	$	27,357	$	(2,961)	$	24,396

	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.