XML 359 R41.htm IDEA: XBRL DOCUMENT v3.25.1
Investments - Composition by Industry Grouping (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2024
USD ($)
Schedule of Investments [Line Items]  
Investments at Fair Value $ 842,856 [1],[2],[3],[4]
Investments, Total | Industry Sector Concentration Risk  
Schedule of Investments [Line Items]  
Fair Value Percentage of Total Portfolio 100.00%
Multifamily  
Schedule of Investments [Line Items]  
Investments at Fair Value $ 594,636
Multifamily | Investments, Total | Industry Sector Concentration Risk  
Schedule of Investments [Line Items]  
Fair Value Percentage of Total Portfolio 70.60%
Hospitality  
Schedule of Investments [Line Items]  
Investments at Fair Value $ 133,367
Hospitality | Investments, Total | Industry Sector Concentration Risk  
Schedule of Investments [Line Items]  
Fair Value Percentage of Total Portfolio 15.80%
Industrial  
Schedule of Investments [Line Items]  
Investments at Fair Value $ 50,452
Industrial | Investments, Total | Industry Sector Concentration Risk  
Schedule of Investments [Line Items]  
Fair Value Percentage of Total Portfolio 6.00%
Mixed Use  
Schedule of Investments [Line Items]  
Investments at Fair Value $ 48,871
Mixed Use | Investments, Total | Industry Sector Concentration Risk  
Schedule of Investments [Line Items]  
Fair Value Percentage of Total Portfolio 5.80%
Self Storage  
Schedule of Investments [Line Items]  
Investments at Fair Value $ 15,530
Self Storage | Investments, Total | Industry Sector Concentration Risk  
Schedule of Investments [Line Items]  
Fair Value Percentage of Total Portfolio 1.80%
[1] All of the Company’s investments are Non-Control/Non-Affiliate investments. Non-Control/Non-Affiliate investments as defined by the 1940 Act, are those that are neither Control nor Affiliate investments and in which we own less than 25.0%/5.0% of the issued and outstanding voting securities.
[2] All debt investments are income-producing, unless otherwise noted.
[3] All investments are U.S. domiciled.
[4] All of the Company's investments, except the investments noted by this footnote, are qualifying assets under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company's total assets. As of December 31, 2024, qualifying assets represent 100.0% of the Company's total assets.