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Investments in Commercial Loans (Tables)
 6 Months Ended
Jun. 30, 2024
Real Estate [Abstract]  
Schedule of Investments Classified by Commercial Loan
As of June 30, 2024, we have the following investments in commercial loans:
Current Principal BalanceFair Value
in thousandsOrigination DateLoan Type
Interest Rate(1)
June 30, 2024December 31, 2023June 30, 2024December 31, 2023Maturity Date
9801 Blue Grass Loan 9/1/2022Mezzanine12.54%$21,800 $21,800 $21,769 $21,689 9/9/2024
5805 N Jackson Gap Loan 1/20/2023Mezzanine13.33%13,007 13,007 12,967 12,937 2/9/2025
Total$34,807 $34,807 $34,736 $34,626 
(1)Represents the interest rate as of period end. Loans earn interest at Secured Overnight Financing Rate (“SOFR”) plus a spread.