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Investments in Real Estate-Related Securities (Details) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Principal Balance $ 41,741 $ 52,377
Unamortized Premium (Discount) (1,370) (1,553)
Amortized Cost / Cost 42,346 56,367
Unrealized Gain (Loss), Net 441 105
Fair Value 42,787 56,472
Non-agency CMBS    
Debt Instrument [Line Items]    
Principal Balance 41,741 52,377
Unamortized Premium (Discount) (1,370) (1,553)
Amortized Cost / Cost 40,371 50,824
Unrealized Gain (Loss), Net 368 49
Fair Value $ 40,739 $ 50,872
Period-end Weighted Average Yield 6.87% 6.81%
Preferred stock of REITs    
Debt Instrument [Line Items]    
Amortized Cost / Cost $ 1,975  
Unrealized Gain (Loss), Net 73  
Fair Value $ 2,048  
Period-end Weighted Average Yield 6.20%  
Common stock of REITs    
Debt Instrument [Line Items]    
Amortized Cost / Cost   $ 5,543
Unrealized Gain (Loss), Net   56
Fair Value   $ 5,600
Period-end Weighted Average Yield   4.41%