Investment in Real Estate Debt |
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| Schedule of Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments in Real Estate Debt | 5. Investment in Real Estate Debt The following tables detail the Company’s investment in real estate debt as of March 31, 2026 and December 31, 2025 ($ in thousands):
__________ (1) The symbol “BBSY” refers to the relevant benchmark rate, the three-month Bank Bill Swap Bid Rate (“BBSY”). (2) Maturity date is based on the fully extended maturity date of the underlying collateral.
During June 2022, the Company provided financing in the form of a term loan to an unaffiliated entity in connection with its acquisition of Australia’s largest hotel and casino company. The loan is in the amount of AUD 1,377 million and has an initial term of five years, with a two-year extension option. The loan is pre-payable at the option of the borrower at any time. During June 2025, the Company extended the loan term by three years to June 2030.
During the three months ended March 31, 2026 and 2025, the Company did not record any net realized gains or losses on its investment in real estate debt. |
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