Investments in Real Estate-Related and Other Securities

3 Months Ended

Mar. 31, 2026

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):

			March 31, 2026						December 31, 2025
Real Estate-Related and Other Securities	Weighted-Average  Coupon	Weighted-Average Maturity Date	Face Amount		Cost  Basis		Fair  Value		Face Amount		Cost  Basis		Fair  Value
CMBS	6.7%	August 28, 2039	$	15,000	$	15,107	$	15,095	$	15,000	$	15,107	$	15,323

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 March 31,
	2026			2025
Interest income	$	251		$	552
Unrealized (loss) gain		(228	)		529
Total	$	23		$	1,081