v3.26.1
Variable Interest Entity (Tables)
3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Variable Interest Entities
The assets and liabilities related to the consolidated joint venture are as follows:
(in thousands)
March 31, 2026December 31, 2025
Assets
Investments in real estate securities, at fair value$102,051 $103,668 
Cash 3,353 3,731 
Interest receivable326 334 
Total assets$105,730 $107,733 
Liabilities
Repurchase agreements, at fair value$71,798 $82,864 
Due to affiliates679 — 
Interest payable192 122 
Total liabilities$72,669 $82,986