XML 64 R52.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Investments in Real Estate Debt - Summary of Company’s Investments in Real Estate Debt (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Debt Instrument [Line Items]    
Fair Value $ 124,539 $ 87,209
Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis 97,381 87,065
Fair Value $ 97,625 $ 87,209
Percentage Based on Fair Value 1 1
Fair Value, Recurring    
Debt Instrument [Line Items]    
Weighted average coupon 11.00% 10.00%
Face Amount $ 97,934 $ 87,230
Cost Basis 97,381 87,065
Fair Value 97,625 87,209
BBB | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis 5,432 5,514
Fair Value $ 5,453 $ 5,530
Percentage Based on Fair Value 0.06 0.06
BBB- | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 10,265 $ 5,367
Fair Value $ 10,348 $ 5,384
Percentage Based on Fair Value 0.11 0.06
BB+ | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 6,982 $ 0
Fair Value $ 6,983 $ 0
Percentage Based on Fair Value 0.07 0
BB | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 2,322 $ 2,323
Fair Value $ 2,441 $ 2,352
Percentage Based on Fair Value 0.03 0.03
BB- | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 7,008 $ 0
Fair Value $ 6,990 $ 0
Percentage Based on Fair Value 0.07 0
NR | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 6,995 $ 0
Fair Value $ 6,995 $ 0
Percentage Based on Fair Value 0.07 0
Private commercial real estate loan (Not rated) | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 43,435 $ 56,235
Fair Value $ 43,435 $ 56,235
Percentage Based on Fair Value 0.44 0.65
AAA | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 0 $ 5,176
Fair Value $ 0 $ 5,189
Percentage Based on Fair Value 0 0.06
AA- | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 4,928 $ 0
Fair Value $ 4,917 $ 0
Percentage Based on Fair Value 0.05 0
A3 | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 7,007 $ 7,009
Fair Value $ 7,043 $ 7,026
Percentage Based on Fair Value 0.07 0.08
Baa3 | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 3,007 $ 3,008
Fair Value $ 3,020 $ 3,014
Percentage Based on Fair Value 0.03 0.03
Ba3 | Fair Value, Recurring    
Debt Instrument [Line Items]    
Cost Basis $ 0 $ 2,433
Fair Value $ 0 $ 2,479
Percentage Based on Fair Value 0 0.03
CMBS    
Debt Instrument [Line Items]    
Cost Basis $ 53,946 $ 30,830
Fair Value $ 54,190 $ 30,974
CMBS | Fair Value, Recurring    
Debt Instrument [Line Items]    
Weighted average coupon 4.00% 4.00%
Face Amount $ 54,499 $ 30,995
Cost Basis 53,946 30,830
Fair Value $ 54,190 $ 30,974
Commercial Real Estate Loan | Fair Value, Recurring    
Debt Instrument [Line Items]    
Weighted average coupon 14.00% 14.00%
Face Amount $ 43,435 $ 56,235
Cost Basis 43,435 56,235
Fair Value $ 43,435 $ 56,235