v3.25.2
Secured Financings on Investments in Real Estate Debt (Tables)
12 Months Ended
Dec. 31, 2024
Secured Financings On Investments In Real Estate Debt [Abstract]  
Schedule of Secured Financings on Investments in Real Estate Debt Transactions

For financial statement purposes, the Company does not offset its secured financings on investments in real estate debt and securities lending transactions because the conditions for netting as specified by GAAP are not met. Although not offset on the Company’s Consolidated Balance Sheets, these transactions are summarized in the following tables ($ in thousands):

 

 

 

 

 

 

 

December 31, 2024

 

Indebtedness

 

Maturity Date

 

Coupon

 

Collateral
Assets
(1)

 

 

Outstanding
Balance

 

Syndicated RA(2)

 

June 2027

 

BBSY + 2.82%

 

$

852,461

 

 

$

467,988

 

 

 

 

 

 

 

$

852,461

 

 

$

467,988

 

 

 

 

 

 

 

 

 

December 31, 2023

 

Indebtedness

 

Maturity Date

 

Coupon

 

Collateral
Assets
(1)

 

 

Outstanding
Balance

 

Barclays RA

 

February 2026

 

SONIA + 2.55%

 

$

448,729

 

 

$

246,801

 

Syndicated RA(2)

 

June 2027

 

BBSY + 2.82%

 

 

939,551

 

 

 

515,551

 

 

 

 

 

 

 

$

1,388,280

 

 

$

762,352