Investments in Real Estate-Related and Other Securities (Tables)

6 Months Ended

Jun. 30, 2023

Debt and Equity Securities, FV-NI [Line Items]

Summary of Investments in Real Estate-related and Other Securities

The following table details the Company’s investment in real estate debt ($ in thousands):

June 30, 2023

December 31, 2022

Real Estate Debt

Number of Positions

Credit Rating

Coupon

Maturity Date

Cost Basis

Fair Value

Cost Basis

Fair Value

Mezzanine loan

1

Not Rated

SOFR + 5.22%

September 7, 2024

$

16,825

$

16,825

$

16,825

$

16,825

Summary of Income Recognized from Investments in Real Estate-related and Other Securities

The following table details the amounts recognized for the Company's investments in real estate-related and other securities ($ in thousands):

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2023			2022		2023			2022
Interest income	$	73		$	—	$	132		$	—
Unrealized loss		(126	)		—		(180	)		—
Total loss from investments in real estate-related and other securities	$	(53	)	$	—	$	(48	)	$	—

CMBS

Debt and Equity Securities, FV-NI [Line Items]

Summary of Investments in Real Estate-related and Other Securities

The following table details the Company’s investments in real estate-related and other securities ($ in thousands):

			June 30, 2023						December 31, 2022
Real Estate-Related and Other Securities	Coupon	Maturity Date	Face Amount		Cost Basis		Fair Value		Face Amount		Cost Basis		Fair Value
CMBS	SOFR + 0.75%	April 30, 2024	$	1,954	$	1,800	$	1,875	$	2,000	$	1,840	$	1,842
U.S. Treasury	4.00%	November 15, 2052		4,550		4,920		4,667		—		—		—
Total real estate-related and other securities			$	6,504	$	6,720	$	6,542	$	2,000	$	1,840	$	1,842