SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 16 — SUBSEQUENT EVENTS Redemption of Shares of Common Stock Subsequent to June 30, 2025, the Company redeemed approximately 1.4 million shares for $7.7 million (at an average redemption price of $5.24 per share). The remaining redemption requests received during the three months ended June 30, 2025 totaling approximately 43.4 million shares went unfulfilled. Investment, Acquisition and Disposition Activity Subsequent to June 30, 2025, the Company’s investment, acquisition and disposition activity included the following: •Acquired 10 properties for an aggregate purchase price of $19.8 million. The Company has not completed its initial purchase price allocation with respect to these properties and therefore cannot provide similar disclosures to those included in Note 4 — Real Estate Assets in these condensed consolidated financial statements. •Disposed of condominium units for an aggregate gross sales price of $6.5 million, resulting in net proceeds of $6.0 million after closing costs and a gain of approximately $543,000. •Settled $17.2 million on the sale of two CMBS and $11.3 million on the purchase of one corporate senior loan. •Funded an aggregate amount of $8.1 million to eight of the Company’s first mortgage loans, received $5.5 million of principal repayments on one of the Company’s first mortgage loans, and a full payoff of $65.0 million on one of the Company’s first mortgage loans. Financing Activity •Repaid $80.0 million of borrowings under the repurchase facilities with Barclays, J.P. Morgan and Citibank, $2.6 million of borrowings under the note on note financing arrangement with Barclays, and $1.5 million of borrowings under the note on note financing arrangement with Citibank, all of which are held through CLR. •Borrowed $17.0 million under the Loan Facility with Ally Bank. •Extended the maturity dates of the Note on Note Financing Arrangements with Citibank and Barclays from August 2025 to August 2026.

Subsequent to June 30, 2025, the Company redeemed approximately 1.4 million shares for $7.7 million (at an average redemption price of $5.24 per share). The remaining redemption requests received during the three months ended June 30, 2025 totaling approximately 43.4 million shares went unfulfilled.

Subsequent to June 30, 2025, the Company’s investment, acquisition and disposition activity included the following:

•Acquired 10 properties for an aggregate purchase price of $19.8 million. The Company has not completed its initial purchase price allocation with respect to these properties and therefore cannot provide similar disclosures to those included in Note 4 — Real Estate Assets in these condensed consolidated financial statements.

•Disposed of condominium units for an aggregate gross sales price of $6.5 million, resulting in net proceeds of $6.0 million after closing costs and a gain of approximately $543,000.

•Settled $17.2 million on the sale of two CMBS and $11.3 million on the purchase of one corporate senior loan.

•Funded an aggregate amount of $8.1 million to eight of the Company’s first mortgage loans, received $5.5 million of principal repayments on one of the Company’s first mortgage loans, and a full payoff of $65.0 million on one of the Company’s first mortgage loans.

•Repaid $80.0 million of borrowings under the repurchase facilities with Barclays, J.P. Morgan and Citibank, $2.6 million of borrowings under the note on note financing arrangement with Barclays, and $1.5 million of borrowings under the note on note financing arrangement with Citibank, all of which are held through CLR.

•Extended the maturity dates of the Note on Note Financing Arrangements with Citibank and Barclays from August 2025 to August 2026.