Investments in Commercial Loans (Tables)

9 Months Ended

Sep. 30, 2024

Real Estate [Abstract]

Schedule of Investment in a Commercial Loan

				Current Principal Balance				Fair Value
in thousands	Origination Date	Loan Type	Interest Rate(1)	September 30, 2024		December 31, 2023		September 30, 2024		December 31, 2023		Maturity Date
9801 Blue Grass Loan	9/1/2022	Mezzanine	N/A	$	—	$	21,800	$	—	$	21,689	9/9/2024
5805 N Jackson Gap Loan	1/20/2023	Mezzanine	13.10%	13,007		13,007		12,972		12,937		2/9/2025
Total				$	13,007	$	34,807	$	12,972	$	34,626

(1)Represents the interest rate as of September 30, 2024. Loans earn interest at Secured Overnight Financing Rate (“SOFR”) plus a spread.