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Investments in Commercial Loans (Tables)
 12 Months Ended
Dec. 31, 2023
Real Estate [Abstract]  
Schedule of Investments Classified by Commercial Loan
As of December 31, 2023 and 2022, we have the following investments in commercial loans:
Current Principal BalanceFair Value
$ in thousandsOrigination DateLoan Type
Interest Rate(1)
December 31, 2023December 31, 2022December 31, 2023December 31, 2022Maturity Date
9801 Blue Grass Loan9/1/2022Mezzanine
12.57%
$21,800 $21,800 $21,689 $21,800 9/9/2024
5805 N Jackson Gap Loan1/20/2023Mezzanine
13.36%
13,007 — 12,937 — 2/9/2025
Total$34,807 $21,800 $34,626 $21,800 
(1)Represents the interest rate as of period end. Loans earn interest at Secured Overnight Financing Rate (“SOFR”) plus a spread.