Investments in Real Estate-Related and Other Securities

6 Months Ended

Jun. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Investments in Real Estate-Related and Other Securities

6. 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, 2024						December 31, 2023
Real Estate-Related and Other Securities	Coupon	Maturity Date	Face Amount		Cost Basis		Fair Value		Face Amount		Cost Basis		Fair Value
U.S. Treasury(1)	N/A	March 14, 2024	$	—	$	—	$	—	$	420	$	409	$	416
U.S. Treasury(1)	N/A	July 9, 2024		420		413		420		—		—		—
Total real estate-related and other securities			$	420	$	413	$	420	$	420	$	409	$	416

(1) Includes $0.4 million of securities pledged as collateral related to the Treasury note futures contracts.

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

	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2024		2023			2024		2023
Interest income	$	5	$	73		$	11	$	132
Unrealized gain (loss)		—		(126	)		—		(180	)
Total income (loss) from investments in real estate-related and other securities	$	5	$	(53	)	$	11	$	(48	)