Notes Payable (Tables)

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Summary of Outstanding Debt Obligations

The Company's outstanding debt obligations as of June 30, 2025 were as follows:

	Aggregate Principal Committed						Outstanding Principal						Unused Portion						Carrying Value						Fair Value(1)
	Series I		Series II		Total		Series I		Series II		Total		Series I		Series II		Total		Series I		Series II		Total		Series I		Series II		Total
Promissory Notes	$	751	$	751	$	1,502	$	751	$	751	$	1,502	$	-	$	-	$	-	$	751	$	751	$	1,502	$	751	$	751	$	1,502
ACMP Holdings, LLC Facility		23,862		76,138		100,000		15,854		49,145		64,999		8,008		26,993		35,001		15,854		49,145		64,999		15,854		49,145		64,999
REIT Funding Cumulative Preferred Shares		30		95		125		30		95		125		-		-		-		30		95		125		30		95		125
Total	$	24,643	$	76,984	$	101,627	$	16,635	$	49,991	$	66,626	$	8,008	$	26,993	$	35,001	$	16,635	$	49,991	$	66,626	$	16,635	$	49,991	$	66,626

(1)The fair value of these debt obligations would be categorized as Level 3 under ASC 820 as of June 30, 2025. The valuation is based on a yield analysis and discount rate commensurate with the market yields for similar types of debt.

The Company's outstanding debt obligations as of December 31, 2024 were as follows:

	Aggregate Principal Committed						Outstanding Principal						Unused Portion						Carrying Value						Fair Value(1)
	Series I		Series II		Total		Series I		Series II		Total		Series I		Series II		Total		Series I		Series II		Total		Series I		Series II		Total
Promissory Notes	$	751	$	751	$	1,502	$	751	$	751	$	1,502	$	-	$	-	$	-	$	751	$	751	$	1,502	$	751	$	751	$	1,502

(1)The carrying amount outstanding under these debt obligations approximate their fair value as of December 31, 2024.

Summary of Promissory Notes

The below table reflects the maturity and fair value of our Promissory Notes as of June 30, 2025.

	Fair Value
Legal Maturity	Series I		Series II		Total
6/28/2054	$	536	$	536	$	1,072
11/1/2054	$	215	$	215	$	430
	$	751	$	751	$	1,502

The below table reflects the maturity and fair value of our Promissory Notes as of December 31, 2024.

	Fair Value
Legal Maturity	Series I		Series II		Total
6/28/2054	$	536	$	536	$	1,072
11/1/2054	$	215	$	215	$	430
	$	751	$	751	$	1,502