The following table summarizes the Company’s supplemental disclosure of cash flow information (in thousands):


	For the Six Months Ended June 30,
	2025		2024
Supplemental cash flows:
Interest expense paid in cash	$	43,250	$	58,131
Income taxes paid in cash		178		83
Non-cash investing activities include the following:
Transfer of whole loans to investments in real estate	$	—	$	20,123
Transfer of investment in real estate to investment in unconsolidated entities		—		(20,123	)
Non-cash financing activities include the following:
Incentive compensation paid in common stock	$	—	$	19
Distributions on preferred stock accrued but not paid		3,545		3,229
Capitalized amortization of deferred debt issuance costs		—		614
Capitalized interest		—		964