Investments in Commercial Loans (Tables)

3 Months Ended

Mar. 31, 2024

Real Estate [Abstract]

Schedule of Investments Classified by Commercial Loan

As of March 31, 2024, we have the following investments in commercial loans:

				Current Principal Balance				Fair Value
$ in thousands	Origination Date	Loan Type	Interest Rate(1)	March 31, 2024		December 31, 2023		March 31, 2024		December 31, 2023		Maturity Date
9801 Blue Grass Loan	9/1/2022	Mezzanine	12.54%	$	21,800	$	21,800	$	21,728	$	21,689	9/9/2024
5805 N Jackson Gap Loan	1/20/2023	Mezzanine	13.33%	13,007		13,007		12,952		12,937		2/9/2025
Total				$	34,807	$	34,807	$	34,680	$	34,626

(1)Represents the interest rate as of period end. Loans earn interest at Secured Overnight Financing Rate (“SOFR”) plus a spread.