v3.26.1
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis
The following table summarizes the Company’s financial instruments measured at fair value on a recurring basis as of March 31, 2026, and presents the fair value hierarchy of the inputs used to determine such fair values (amounts in thousands). Quantitative information regarding significant unobservable inputs used in Level 3 fair value measurements is disclosed for investments that are material to the Fund.

Assets:Level 1Level 2Level 3Total
Equity securities$19,829 $$802 $20,631 
Derivative financial instruments$$$$
Total$19,829 $1 $805 $20,635 
Schedule of Carrying Amounts and Fair Values of Other Financial Instruments As of March 31, 2026 and December 31, 2025, the carrying amounts and fair values of other financial instruments were as follows (amounts in thousands):
March 31, 2026December 31, 2025
Carrying AmountFair ValueCarrying AmountFair Value
Assets:
Investments in real estate debt
   Amounts maturing within one year$2,475 $2,475 $2,475 $2,475 
   Amounts maturing after one year through five years10,302 10,315 10,141 10,155 
Total assets$12,777 $12,790 $12,616 $12,630 
Liabilities:
Mortgages payable$75,219 $75,784 $75,219 $75,801 
Total liabilities$75,219 $75,784 $75,219 $75,801