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0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:none;white-space:pre">ORGANIZATION</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">References herein to “Blackstone Mortgage Trust,” “Company,” “we,” “us” or “our” refer to Blackstone Mortgage Trust,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:396.75pt">Inc., a Maryland corporation, and its subsidiaries unless the context specifically requires otherwise.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:130pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">Blackstone Mortgage Trust is a real estate finance company that originates, acquires, and manages senior loans and other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">debt or credit-oriented investments collateralized by or relating to commercial real estate in North America, Europe, and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:153pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">Australia. Our portfolio is composed primarily of senior loans secured by high-quality, institutional assets located in major</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:164.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">markets, and sponsored by experienced, well-capitalized real estate investment owners and operators. We finance our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:176pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">investments in a variety of ways, including borrowing under secured credit facilities, issuing collateralized loan obligations,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:187.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">or CLOs, other securitization transactions, syndicating senior loans and/or participations, and other forms of asset-level</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:199pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">financing, depending on our view of the most prudent financing option available for each of our investments. We are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:210.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">externally managed by BXMT Advisors L.L.C., or our Manager, a subsidiary of Blackstone Inc., or Blackstone, and are a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:222pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:476.71pt">real estate investment trust, or REIT, traded on the New York Stock Exchange, or NYSE, under the symbol “BXMT.”</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:535.21pt;position:var(--position);text-decoration:none;white-space:pre;width:18.28pt"> Our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:233.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:357.4pt">principal executive offices are located at 345 Park Avenue, New York, New York 10154.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:257pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">We conduct our operations as a REIT for U.S. federal income tax purposes. We generally will not be subject to U.S. federal</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:268.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">income taxes on our taxable income to the extent that we annually distribute all of our net taxable income to stockholders</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:280pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">and maintain our qualification as a REIT. We also operate our business in a manner that permits us to maintain an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:291.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">exclusion from registration under the Investment Company Act of 1940, as amended. We are organized as a holding</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:303pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:313.08pt">company and conduct our business primarily through our various subsidiaries.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:none;white-space:pre;width:260.97pt">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:350pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:361.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">principles generally accepted in the United States of America, or GAAP, for interim financial information and the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:373pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The consolidated financial statements, including the notes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:384.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">thereto, are unaudited and exclude some of the disclosures required in audited financial statements. We believe we have</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:396pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">made all necessary adjustments, consisting of only normal recurring items, so that the consolidated financial statements are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:407.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">presented fairly and that estimates made in preparing our consolidated financial statements are reasonable and prudent. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:419pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">operating results presented for interim periods are not necessarily indicative of the results that may be expected for any</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:430.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">other interim period or for the entire year. The accompanying unaudited consolidated interim financial statements should</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:442pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">be read in conjunction with the audited consolidated financial statements included in our Annual Report on Form 10-K for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:84.87pt">the fiscal year ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.37pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.91pt;position:var(--position);text-decoration:none;white-space:pre;width:260.83pt"> filed with the Securities and Exchange Commission, or the SEC.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:483pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:89.37pt">Basis of Presentation</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:500.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:201.27pt">The accompanying consolidated financial statem</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:259.77pt;position:var(--position);text-decoration:none;white-space:pre;width:264.32pt">ents have been prepared in accordance with GAAP, and includ</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:524.0899999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:29.36pt">e, on a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:512pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">consolidated basis, our accounts, the accounts of our wholly-owned subsidiaries, majority-owned subsidiaries, and variable</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:523.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">interest entities, or VIEs, of which we are the primary beneficiary. All intercompany balances and transactions have been</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:535pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:111.24pt">eliminated in consolidation.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:558.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">Certain prior period amounts have been reclassified to conform to the current period presentation, including changes to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:570pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:342.05pt">presentation of certain income and expense captions and loans receivable disclosures.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:599.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:115.47pt">Principles of Consolidation</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:617pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">We consolidate all entities that we control through either majority ownership or voting rights. In addition, we consolidate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:628.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">all VIEs of which we are considered the primary beneficiary. VIEs are defined as entities in which equity investors (i) do</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:640pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">not have an interest with the characteristics of a controlling financial interest and/or (ii) do not have sufficient equity at risk</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:651.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">for the entity to finance its activities without additional subordinated financial support from other parties. The entity that</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:663pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">consolidates a VIE is known as its primary beneficiary and is generally the entity with (i) the power to direct the activities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:674.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">that most significantly affect the VIE’s economic performance and (ii) the right to receive benefits from the VIE or the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:686pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">obligation to absorb losses of the VIE that could be significant to the VIE. Entities that do not qualify as VIEs are generally</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:697.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">considered voting interest entities, or VOEs, and are evaluated for consolidation under the voting interest model. VOEs are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:709pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:360.71pt">consolidated when we control the entity through a majority voting interest or other means.</span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">For consolidated entities, the non-controlling partner’s share of the assets, liabilities, and operations of each joint venture is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">included in non-controlling interests as a component of total equity. The non-controlling partner’s interest is generally</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:248.59pt">computed as the joint venture partner’s ownership percentage.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:307.09000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:100.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">When the requirements for consolidation are not met and we have significant influence over the operations of the entity, the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:112pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:277.89pt">investment is accounted for under the equity method of accounting.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.39pt;position:var(--position);text-decoration:none;white-space:pre;width:216.97pt"> Investments in unconsolidated entities for which we</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:123.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">have not elected the fair value option, or FVO, are initially recorded at cost and subsequently adjusted for our pro rata share</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.8pt">of net income, contributions and distributions. When we elect the FVO, we record our share of the net asset value of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:146.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:199.74pt">entity and any related unrealized gains and losses.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:170pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">We review our investments in unconsolidated entities for impairment each quarter or when there is an event or change in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:181.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">circumstances that indicates a decrease in value. If there is a decrease in value due to a series of operating losses or other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:193pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:492.2pt">factors, the investment is evaluated to determine if the loss in value is considered other than temporary. Although a curren</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.7pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">t</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">fair value below the carrying value of the investment is an indicator of impairment, we will only recognize an impairment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">if the loss in value is determined to be an other than temporary impairment. If an impairment is determined to be other than</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:227.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">temporary, we will record an impairment charge sufficient to reduce the investment’s carrying value to its fair value, which</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.81pt">would result in a new cost basis. This new cost basis will be used for future periods when recording subsequent income or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:250.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:331.82pt">loss and cannot be written up to a higher value as a result of increases in fair value.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:274pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">In 2017, we entered into a joint venture with Walker &amp; Dunlop Inc., or Walker &amp; Dunlop, to originate, hold, and finance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">multifamily bridge loans, which we refer to as our Multifamily Joint Venture. Pursuant to the terms of the agreements</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:297pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:243.83pt">governing the joint venture, Walker &amp; Dunlop contributed </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:302.33000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">15%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:320.66pt;position:var(--position);text-decoration:none;white-space:pre;width:212pt"> of the venture’s equity capital and we contributed </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:532.6600000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">85%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">We consolidate our Multifamily Joint Venture as we have a controlling financial interest. The non-controlling interests</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">included on our consolidated balance sheets represent the equity interests in our Multifamily Joint Venture that are owned</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:331.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">by Walker &amp; Dunlop. A portion of our Multifamily Joint Venture’s consolidated equity and results of operations are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:343pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">allocated to these non-controlling interests based on Walker &amp; Dunlop’s pro rata ownership of our Multifamily Joint</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:354.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:34.68pt">Venture.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.18pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">In 2024, we entered into a joint venture with a Blackstone-advised investment vehicle to invest in triple net lease</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:389.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:153.6pt">properties, which we refer to as our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:212.1pt;position:var(--position);text-decoration:none;white-space:pre;width:100.8pt">Net Lease Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:312.9pt;position:var(--position);text-decoration:none;white-space:pre;width:175.81pt">. Our aggregate ownership interest in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:488.71pt;position:var(--position);text-decoration:none;white-space:pre;width:64.79pt">Net Lease Joint</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:401pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:32.18pt">Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:90.68pt;position:var(--position);text-decoration:none;white-space:pre;width:21.12pt"> was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.8pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">75%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:130.13pt;position:var(--position);text-decoration:none;white-space:pre;width:25.02pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:155.15pt;position:var(--position);text-decoration:none;white-space:pre;width:56.4pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:211.55pt;position:var(--position);text-decoration:none;white-space:pre;width:5.29pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:216.84pt;position:var(--position);text-decoration:none;white-space:pre;width:13.86pt">We</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.7pt;position:var(--position);text-decoration:none;white-space:pre;width:95.54pt"> do not consolidate our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:326.24pt;position:var(--position);text-decoration:none;white-space:pre;width:97.68pt">Net Lease Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:423.92pt;position:var(--position);text-decoration:none;white-space:pre;width:129.4pt"> as we do not have a controlling</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:412.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:163.44pt">financial interest. Our investment in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.94pt;position:var(--position);text-decoration:none;white-space:pre;width:97.38pt">Net Lease Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:319.32pt;position:var(--position);text-decoration:none;white-space:pre;width:234.15pt"> is accounted for under the equity method, and is recorded</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.51pt">in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.01pt;position:var(--position);text-decoration:none;white-space:pre;width:156.03pt">investments in unconsolidated entities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:226.04pt;position:var(--position);text-decoration:none;white-space:pre;width:327.31pt"> on our consolidated balance sheets, and our pro rata share of income (loss) is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:47.72pt">recorded in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.22pt;position:var(--position);text-decoration:none;white-space:pre;width:170.36pt">income (loss) from unconsolidated entities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.58000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:183.42pt"> on our consolidated statements of operations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">In 2025, we entered into a joint venture with a Blackstone-advised investment vehicle to acquire portfolios of performing</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:470.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:225.37pt">commercial mortgage loans, which we refer to as our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:283.87pt;position:var(--position);text-decoration:none;white-space:pre;width:143.24pt">Bank Loan Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.11pt;position:var(--position);text-decoration:none;white-space:pre;width:81.13pt">. During 2025, our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.24pt;position:var(--position);text-decoration:none;white-space:pre;width:45.24pt">Bank Loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:482pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:96.64pt">Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:155.14pt;position:var(--position);text-decoration:none;white-space:pre;width:43.89pt"> acquired </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.03pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:214.02pt;position:var(--position);text-decoration:none;white-space:pre;width:339.36pt"> portfolios of performing commercial mortgage loans. Our aggregate ownership</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:493.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:61.17pt">interest in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.67pt;position:var(--position);text-decoration:none;white-space:pre;width:143pt">Bank Loan Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:262.66999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:22.66pt"> was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:285.33000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">35%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:303.65999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:27.33pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:330.99pt;position:var(--position);text-decoration:none;white-space:pre;width:57.94pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:388.93pt;position:var(--position);text-decoration:none;white-space:pre;width:119.31pt">. We do not consolidate our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.24pt;position:var(--position);text-decoration:none;white-space:pre;width:45.18pt">Bank Loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:505pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:92.82pt">Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.32pt;position:var(--position);text-decoration:none;white-space:pre;width:296.93pt"> as we do not have a controlling financial interest. Our investment in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:448.25pt;position:var(--position);text-decoration:none;white-space:pre;width:105.1pt">Bank Loan Portfolio Joint</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:516.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:32.18pt">Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:90.68pt;position:var(--position);text-decoration:none;white-space:pre;width:221.11pt"> is accounted for using the FVO, and is recorded in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:311.78999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:156.3pt">investments in unconsolidated entities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:468.09pt;position:var(--position);text-decoration:none;white-space:pre;width:85.31pt"> on our consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:354.53pt">balance sheets, and our pro rata share of any unrealized gains and losses is recorded in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:413.03pt;position:var(--position);text-decoration:none;white-space:pre;width:140.32pt">income (loss) from unconsolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:539.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:28.83pt">entities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.33pt;position:var(--position);text-decoration:none;white-space:pre;width:183.42pt"> on our consolidated statements of operations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:563pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">In the second quarter of 2026, we entered into a joint venture with an unaffiliated third-party, alongside a Blackstone-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:574.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:200.21pt">advised investment vehicle, to acquire an initial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:258.71000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:4.11pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:262.82pt;position:var(--position);text-decoration:none;white-space:pre;width:60.46pt">$286.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:323.28pt;position:var(--position);text-decoration:none;white-space:pre;width:4.11pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:327.39pt;position:var(--position);text-decoration:none;white-space:pre;width:226.06pt">portfolio of construction loans collateralized by single</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:586pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:301.08pt">family homes, and to continue to acquire and fund such loans in the future</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:359.58pt;position:var(--position);text-decoration:none;white-space:pre;width:106.58pt">, which we refer to as our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:466.16pt;position:var(--position);text-decoration:none;white-space:pre;width:87.16pt">Homebuilder Finance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:54.64pt">Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:113.14pt;position:var(--position);text-decoration:none;white-space:pre;width:170.21pt">. Our aggregate ownership interest in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:283.35pt;position:var(--position);text-decoration:none;white-space:pre;width:145.04pt">Homebuilder Finance Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.39pt;position:var(--position);text-decoration:none;white-space:pre;width:21.6pt"> was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:449.99pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">45%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:468.32pt;position:var(--position);text-decoration:none;white-space:pre;width:25.74pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.06pt;position:var(--position);text-decoration:none;white-space:pre;width:56.88pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:609pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:115.25pt">We do not consolidate our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:173.75pt;position:var(--position);text-decoration:none;white-space:pre;width:147.83pt">Homebuilder Finance Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:321.58pt;position:var(--position);text-decoration:none;white-space:pre;width:231.84pt"> as we do not have a controlling financial interest. Our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:620.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:74.86pt">investment in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:133.36pt;position:var(--position);text-decoration:none;white-space:pre;width:145.88pt">Homebuilder Finance Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:279.24pt;position:var(--position);text-decoration:none;white-space:pre;width:215.39pt"> is accounted for using the FVO, and is recorded in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.63pt;position:var(--position);text-decoration:none;white-space:pre;width:58.8pt">investments in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:632pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:93.03pt">unconsolidated entities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.53pt;position:var(--position);text-decoration:none;white-space:pre;width:401.82pt"> on our consolidated balance sheets, and our pro rata share of any unrealized gains and losses is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:643.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:47.72pt">recorded in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.22pt;position:var(--position);text-decoration:none;white-space:pre;width:170.36pt">income (loss) from unconsolidated entities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.58000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:183.42pt"> on our consolidated statements of operations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:673pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:70.5pt">Use of Estimates</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:690.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:702pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:713.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:725pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:303.74pt">period. Actual results may ultimately differ materially from those estimates.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:90.2pt">Revenue Recognition</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">Interest income from our loans receivable portfolio is recognized over the life of each loan using the effective interest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">method and is recorded on the accrual basis. Recognition of fees, premiums, and discounts associated with these</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:376.05pt">investments is deferred and recorded over the term of the loan as an adjustment to yield.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.55pt;position:var(--position);text-decoration:none;white-space:pre;width:4.08pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:438.63pt;position:var(--position);text-decoration:none;white-space:pre;width:114.84pt">Income accrual is generally</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.8pt">suspended for loans at the earlier of the date at which payments become 90 days past due or when, in our opinion, recovery</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:171.48pt">of income and principal becomes doubtful</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:229.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:232.48pt;position:var(--position);text-decoration:none;white-space:pre;width:321.01pt"> Interest received is then recorded as income or as a reduction in the amortized</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:129pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">cost basis, based on the specific facts and circumstances, until accrual is resumed when the loan becomes contractually</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:140.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:30.79pt">current </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:89.28999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:193.94pt">and performance is demonstrated to be resumed.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:283.23pt;position:var(--position);text-decoration:none;white-space:pre;width:270.24pt"> In addition, for loans we originate, the related origination expenses</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:152pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">are deferred and recognized as a reduction to interest income; however, expenses related to loans we acquire are included</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:163.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:203.9pt">in general and administrative expenses as incurred.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:187pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">The sources of revenue from our owned real estate assets, which is included in revenue from owned real estate on our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:198.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:390.32pt">consolidated statements of operations, and the related revenue recognition policies are as follows:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">Rental income primarily consists of base rent income arising from tenant leases at our office and multifamily properties.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:227.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">We determine if an arrangement is a lease at contract inception, which is subject to the provisions of Financial Accounting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">Standards Board, or FASB, Accounting Standards Codification, or ASC, Topic 842 “Leases.” Base rent is recognized on a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:250.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">straight-line basis over the life of the lease, including any rent steps or abatement provisions. We begin to recognize</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:262pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:423.95pt">revenue upon the acquisition of the related property or when a tenant takes possession of the leased space.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">Other operating income primarily consists of income from our hospitality properties and tenant reimbursement income.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:297pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">Revenue from our hospitality properties consists primarily of room revenue and food and beverage revenue. Room revenue</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">is recognized when the related room is occupied and other hospitality revenue is recognized when the service is rendered.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">Tenant reimbursement income primarily consists of amounts due from tenants for costs related to common area</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:331.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:352.78pt">maintenance, real estate taxes, and other recoverable costs included in lease agreements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:355pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">We evaluate the collectability of receivables related to rental revenue on an individual lease basis and exercise judgment in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:366.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">assessing collectability considering the length of time a receivable has been outstanding, tenant credit-worthiness, payment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">history, available information about the financial condition of the tenant, and current economic trends, among other factors.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:389.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:386.04pt">Tenant receivables that are deemed uncollectible are recognized as a reduction to rental revenue.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:419pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:117.49pt">Cash and Cash Equivalents</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">Cash and cash equivalents represent cash held in banks and liquid investments with original maturities of three months or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:448pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:14.98pt">less</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:73.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:75.98pt;position:var(--position);text-decoration:none;white-space:pre;width:477.4pt"> We may have bank balances in excess of federally insured amounts; however, we deposit our cash and cash</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">equivalents with high credit-quality institutions to minimize credit risk exposure. We have not experienced, and do not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:207.03pt">expect, any losses on our cash or cash equivalents. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:265.53pt;position:var(--position);text-decoration:none;white-space:pre;width:45.55pt">As of both </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:311.08000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:56.38pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:367.46pt;position:var(--position);text-decoration:none;white-space:pre;width:19.99pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:387.45pt;position:var(--position);text-decoration:none;white-space:pre;width:79.1pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:466.55pt;position:var(--position);text-decoration:none;white-space:pre;width:5.28pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.83pt;position:var(--position);text-decoration:none;white-space:pre;width:28.86pt">we had</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:500.69pt;position:var(--position);text-decoration:none;white-space:pre;width:2.78pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:503.47pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:513.47pt;position:var(--position);text-decoration:none;white-space:pre;width:39.93pt"> restricted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:482.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:134.56pt">cash on our consolidated balance </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:193.06pt;position:var(--position);text-decoration:none;white-space:pre;width:24.41pt">sheets</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:217.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:512pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:74.65pt">Loans Receivable</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:529.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">We originate and purchase commercial real estate debt and related instruments generally to be held as long-term</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:541pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:120.94pt">investments at amortized cost.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:570.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:173.69pt">Current Expected Credit Losses Reserve</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:588pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">The current expected credit loss, or CECL, reserve required under the ASC Topic 326 “Financial Instruments – Credit</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:599.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">Losses,” or ASC 326, reflects our current estimate of potential credit losses related to our loans and notes receivable</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:611pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">included in our consolidated balance sheets. Changes to the CECL reserves are recognized through net income on our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:622.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">consolidated statements of operations. While ASC 326 does not require any particular method for determining the CECL</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:634pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">reserves, it does specify the reserves should be based on relevant information about past events, including historical loss</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:645.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">experience, current portfolio and market conditions, and reasonable and supportable forecasts for the duration of each</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:657pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">respective loan. In addition, other than a few narrow exceptions, ASC 326 requires that all financial instruments subject to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:668.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">the CECL model have some amount of loss reserve to reflect the principle underlying the CECL model that all loans and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:680pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:484.69pt">similar assets have some inherent risk of loss, regardless of credit quality, subordinate capital, or other mitigating factors.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:543.19pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:703.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">We estimate our CECL reserves primarily using the Weighted-Average Remaining Maturity, or WARM method, which</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:715pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">has been identified as an acceptable loss-rate method for estimating CECL reserves in FASB Staff Q&amp;A Topic 326, No. 1.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:726.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">The WARM method requires us to reference historic loan loss data across a comparable data set and apply such loss rate to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">each of our loans over their expected remaining term, taking into consideration expected economic conditions over the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">relevant time frame. We apply the WARM method for the majority of our loan portfolio, which consists of loans that share</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">similar risk characteristics. In certain instances, for loans with unique risk characteristics, we may instead use a probability-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:88.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:469.45pt">weighted model that considers the likelihood of default and expected loss given default for each such individual loan.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:527.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:112pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">Application of the WARM method to estimate CECL reserves requires judgment, including (i) the appropriate historical</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:123.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">loan loss reference data, (ii) the expected timing and amount of future loan fundings and repayments, and (iii) the current</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">credit quality of our portfolio and our expectations of performance and market conditions over the relevant time period. To</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:146.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">estimate the historic loan losses relevant to our portfolio, we have augmented our historical loan performance, with market</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:158pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">loan loss data licensed from Trepp LLC. This database includes commercial mortgage-backed securities, or CMBS, issued</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:169.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:123.75pt">since January 1, 1999 through </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.25pt;position:var(--position);text-decoration:none;white-space:pre;width:56.24pt">May 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:238.49pt;position:var(--position);text-decoration:none;white-space:pre;width:314.96pt">. Within this database, we focused our historical loss reference calculations on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:181pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">the most relevant subset of available CMBS data, which we determined based on loan metrics that are most comparable to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:192.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">our loan portfolio including asset type, geography, and origination loan-to-value, or LTV. We believe this CMBS data,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">which includes month-over-month loan and property performance, is the most relevant, available, and comparable dataset</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:215.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:63.57pt">to our portfolio.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.07pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">Our loans typically include commitments to fund incremental proceeds to our borrowers over the life of the loan. These</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:250.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">future funding commitments are also subject to the CECL model. The CECL reserve related to future loan fundings is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:262pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">recorded as a component of other liabilities on our consolidated balance sheets. This CECL reserve is estimated using the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:273.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">same process outlined above for our outstanding loan balances, and changes in this component of the CECL reserve will</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">similarly impact our consolidated net income. For both the funded and unfunded portions of our loans, we consider our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:296.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:389.25pt">internal risk rating of each loan as the primary credit quality indicator underlying our assessment.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:447.75pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">The CECL reserves are measured on a collective basis wherever similar risk characteristics exist within a pool of similar</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:331.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:468.37pt">assets. We have identified the following pools and measure the reserve for credit losses using the following methods:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:526.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:349pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.25pt">U.S. Loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.75pt;position:var(--position);text-decoration:none;white-space:pre;width:409.68pt">: WARM method that incorporates a subset of historical loss data, expected weighted-average</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:360.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:240.58pt">remaining maturity of our loan pool, and an economic view.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:335.08000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:72.02pt">Non-U.S. Loans:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:166.51999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:386.87pt"> WARM method that incorporates a subset of historical loss data, expected weighted-average</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:389.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:240.58pt">remaining maturity of our loan pool, and an economic view.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:335.08000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:407pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:63.47pt">Unique Loans:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:157.97pt;position:var(--position);text-decoration:none;white-space:pre;width:395.38pt"> a probability of default and loss given default model, assessed on an individual basis. During the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:418.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.87pt">three months ended June 30, 2026, we reassessed the pooling of certain loans previously classified within our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:430pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.99pt">Unique Loans pool. Based on our reassessment, we determined that these loans share risk characteristics</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:441.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.88pt">materially similar to loans in our U.S. Loans and Non-U.S. Loans pools, as evaluated under our internal risk rating</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.94pt">framework. Accordingly, consistent with ASC 326, which requires assets with similar risk characteristics to be</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:464.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.93pt">evaluated on a collective basis wherever similar risk characteristics exist within a pool of similar assets, we have</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:476pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.98pt">reclassified these loans into our U.S. Loans and Non-U.S. Loans pools, as applicable based on the geographic</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:487.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:157.43pt">location of the underlying collateral. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:251.93pt;position:var(--position);text-decoration:none;white-space:pre;width:301.45pt">This reclassification did not have a material impact on our total CECL</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:499pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.88pt">reserves as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.38pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:207.2pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:516.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:73.58pt">Impaired Loans:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.07999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:4.17pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.25pt;position:var(--position);text-decoration:none;white-space:pre;width:381.21pt">impairment is indicated when it is deemed probable that we will not be able to collect all</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.83pt">amounts due to us pursuant to the contractual terms of the loan. Determining that a loan is impaired requires</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:539.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.96pt">significant judgment from management and is based on several factors including (i) the underlying collateral</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:551pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:459pt">performance, (ii) discussions with the borrower, (iii) borrower events of default, and (iv) other facts that impact</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:562.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.94pt">the borrower’s ability to pay the contractual amounts due under the terms of the loan. If a loan is determined to be</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:574pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.9pt">impaired, we record the impairment as a component of our CECL reserves by applying the practical expedient for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:585.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.88pt">collateral dependent loans. The CECL reserves are assessed on an individual basis for these loans by comparing</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.9pt">the estimated fair value of the underlying collateral to the book value of the respective loan. These valuations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:608.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.91pt">require significant judgments, which include assumptions regarding capitalization rates, discount rates, leasing,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:620pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.97pt">creditworthiness of major tenants, occupancy rates, availability and cost of financing, exit plan, loan sponsorship,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:631.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.87pt">actions of other lenders, and other factors deemed relevant by us. Actual losses, if any, could ultimately differ</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:643pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:459pt">materially from these estimates. We only expect to charge off the impairment losses in our consolidated financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:654.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.95pt">statements prepared in accordance with GAAP if and when such amounts are deemed non-recoverable. This is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:666pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.93pt">generally at the time a loan is repaid or foreclosed, or the underlying collateral assets are otherwise consolidated.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:677.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.85pt">However, non-recoverability may also be concluded if, in our determination, it is nearly certain that all amounts</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:689pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:100.69pt">due will not be collected.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:195.19pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:211.82pt">Contractual Term and Unfunded Loan Commitments</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:270.32pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">Expected credit losses are estimated over the contractual term of each loan, adjusted for expected repayments. As part of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">our quarterly review of our loan portfolio, we assess the expected repayment date of each loan, which is used to determine</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:269.71pt">the contractual term for purposes of computing our CECL reserves.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:328.21pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:118pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">Additionally, the expected credit losses over the contractual period of our loans are subject to the obligation to extend</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:129.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">credit through our unfunded loan commitments. The CECL reserve for unfunded loan commitments is adjusted quarterly,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">as we consider the expected timing of future funding obligations over the estimated life of the loan. The considerations in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:152.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">estimating our CECL reserve for unfunded loan commitments are similar to those used for the related outstanding loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:164pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:43.52pt">receivable.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.02000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:193.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:97.67pt">Credit Quality Indicator</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:156.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:211pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">Our risk rating is our primary credit quality indicator in assessing our current expected credit loss reserve. We perform a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:222.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">quarterly risk review of our portfolio of loans, and assign each loan a risk rating based on a variety of factors, including,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">without limitation, origination LTV, debt yield, property type, geographic and local market dynamics, physical condition,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:245.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">cash flow volatility, leasing and tenant profile, loan structure and exit plan, and project sponsorship. Based on a 5-point</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:257pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">scale, our loans are rated “1” through “5,” from less risk to greater risk, relative to our loan portfolio in the aggregate,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:268.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:147.33pt">which ratings are defined as follows:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:205.83pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:286pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.83pt">1 -</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:64.4pt">Very Low Risk</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:158.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:303.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.83pt">2 -</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:40.82pt">Low Risk</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:135.32pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:321pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.83pt">3 -</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:58.02pt">Medium Risk</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:152.52pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:338.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.83pt">4 -</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:124.63pt">High Risk/Potential for Loss:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.13pt;position:var(--position);text-decoration:none;white-space:pre;width:200.87pt"> A loan that has a risk of realizing a principal loss.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:420pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:356pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.83pt">5 -</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:95.94pt">Impaired/Loss Likely:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:190.44pt;position:var(--position);text-decoration:none;white-space:pre;width:362.93pt"> A loan that has a very high risk of realizing a principal loss or has otherwise incurred a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.05pt">principal loss.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:397pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:142.37pt">Estimation of Economic Conditions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:200.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:414.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">In addition to the WARM method computations and probability-weighted models described above, our CECL reserves are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:426pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">also adjusted to reflect our estimation of the current and future economic conditions that impact the performance of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:437.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">commercial real estate assets securing our loans. These estimations include unemployment rates, interest rates, expectations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:449pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">of inflation and/or recession, and other macroeconomic factors impacting the likelihood and magnitude of potential credit</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:460.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">losses for our loans during their anticipated term. In addition to the CMBS data we have licensed from Trepp LLC, we</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:472pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">have also licensed certain macroeconomic financial forecasts to inform our view of the potential future impact that broader</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:483.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">economic conditions may have on our loan portfolio’s performance. We generally also incorporate information from other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:495pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">sources, including information and opinions available to our Manager, to further inform these estimations. This process</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:506.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">requires significant judgments about future events that, while based on the information available to us as of the balance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:518pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">sheet date, are ultimately indeterminate and the actual economic condition impacting our portfolio could vary significantly</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:529.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:136.21pt">from the estimates we made as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.71pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:250.53pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.03pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:559pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:81.6pt">Owned Real Estate</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">We may assume legal title, physical possession, or control of the collateral underlying a loan through a foreclosure, a deed-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:588pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">in-lieu of foreclosure transaction, or a loan modification in which we receive an equity interest in and/or control over</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:599.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:373.16pt">decision-making at the property, resulting in us consolidating the real estate assets as VIEs.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:431.66pt;position:var(--position);text-decoration:none;white-space:pre;width:14.24pt"> Th</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:445.9pt;position:var(--position);text-decoration:none;white-space:pre;width:107.57pt">ese real estate acquisitions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:611pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">are classified as owned real estate, on our consolidated balance sheet and are initially recognized at fair value on the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:622.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:384.06pt">acquisition date in accordance with the ASC Topic 805, “Business Combinations,” or ASC 805.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:646pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">Upon acquisition of owned real estate assets, we assess the fair value of acquired tangible and intangible assets, which may</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:657.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">include land, buildings, tenant improvements, “above-market” and “below-market” leases, acquired in-place leases, other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:669pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">identified intangible assets and assumed liabilities, as applicable, and allocate the fair value to the acquired assets and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:680.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:79.71pt">assumed liabilities. </span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:138.20999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:415.27pt"><span style="background-color:inherit">We assess and consider fair value based on estimated cash flow projections that utilize discount and/or</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:692pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt"><span style="background-color:inherit">capitalization rates that we deem appropriate, as well as other available market information. Estimates of future cash flows</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:703.5pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt"><span style="background-color:inherit">are based on a number of factors, including the historical operating results, known and anticipated trends, and market and</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:715pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:87.96pt"><span style="background-color:inherit">economic conditions. </span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.45999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:292.32pt">We capitalize acquisition-related costs associated with asset acquisitions.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:438.78pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">Real estate assets held for investment, except for land, are depreciated using the straight-line method over the assets’</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:123.6pt">estimated useful lives of up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.1pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">40</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:192.1pt;position:var(--position);text-decoration:none;white-space:pre;width:23.74pt"> years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.84pt;position:var(--position);text-decoration:none;white-space:pre;width:59.34pt"> for buildings, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:275.18pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">15</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:285.18pt;position:var(--position);text-decoration:none;white-space:pre;width:23.74pt"> years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:116.25pt"> for land improvements, and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.17pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">10</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:435.17pt;position:var(--position);text-decoration:none;white-space:pre;width:23.74pt"> years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:458.91pt;position:var(--position);text-decoration:none;white-space:pre;width:94.44pt"> for building and tenant</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">improvements. Renovations and/or replacements that improve or extend the life of the asset are capitalized and depreciated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:88.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">over their estimated useful lives. Lease intangibles are amortized over the remaining term of applicable leases on a straight-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:100pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:326.81pt">line basis. The cost of ordinary repairs and maintenance are expensed as incurred.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:123.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:352.58pt">Real estate assets held for investment are assessed for impairment on a quarterly basis.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:411.08pt;position:var(--position);text-decoration:none;white-space:pre;width:142.41pt"> If the depreciated cost basis of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:149.61pt">asset exceeds the undiscounted cash </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.11pt;position:var(--position);text-decoration:none;white-space:pre;width:164.09pt">flows over the remaining holding period</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:372.2pt;position:var(--position);text-decoration:none;white-space:pre;width:114.13pt">, the asset is considered for </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:486.33pt;position:var(--position);text-decoration:none;white-space:pre;width:46.04pt">impairment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:532.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:534.87pt;position:var(--position);text-decoration:none;white-space:pre;width:3.07pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:537.94pt;position:var(--position);text-decoration:none;white-space:pre;width:15.53pt">The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:146.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:165.84pt">impairment loss is recognized when the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.34pt;position:var(--position);text-decoration:none;white-space:pre;width:187.39pt">carrying value of the real estate assets exceed</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:411.73pt;position:var(--position);text-decoration:none;white-space:pre;width:69.57pt"> their fair value. </span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:481.3pt;position:var(--position);text-decoration:none;white-space:pre;width:72.1pt"><span style="background-color:inherit">The evaluation of</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:158pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt"><span style="background-color:inherit">anticipated future cash flows is highly subjective and is based in part on assumptions regarding future occupancy, rental</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:169.5pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:428.7pt"><span style="background-color:inherit">rates, capital requirements and anticipated holding periods that could differ materially from actual results.</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:487.2pt;position:var(--position);text-decoration:none;white-space:pre;width:2.98pt"><span style="background-color:inherit"> </span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:490.18pt;position:var(--position);text-decoration:none;white-space:pre;width:63.31pt">Refer to Note 4</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:181pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:75.48pt">for further informa</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:133.98000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:18.04pt">tion.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">Real estate assets are classified as held for sale in the period when they meet the criteria under the ASC Topic 360</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">“Property, Plant, and Equipment.” Once a real estate asset is classified as held for sale, depreciation is suspended and the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:227.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:315.35pt">asset is reported at the lower of its carrying value or fair value less cost to sell</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.85pt;position:var(--position);text-decoration:none;white-space:pre;width:179.58pt">. If circumstances arise and we decide not to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">sell a real estate asset previously classified as held for sale, the real estate asset is reclassified as held for investment. Upon</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:250.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">reclassification, the real estate asset is measured at the lower of (i) its carrying amount prior to classification as held for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:262pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">sale, adjusted for depreciation expense that would have been recognized had the real estate been classified as held for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:273.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:292.05pt">investment, and (ii) its estimated fair value at the time of reclassification.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:297pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.86pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:86.36pt;position:var(--position);text-decoration:none;white-space:pre;width:59.24pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.6pt;position:var(--position);text-decoration:none;white-space:pre;width:22.85pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.45pt;position:var(--position);text-decoration:none;white-space:pre;width:81.96pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:250.41pt;position:var(--position);text-decoration:none;white-space:pre;width:41.21pt">, we had </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:291.62pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">14</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:301.62pt;position:var(--position);text-decoration:none;white-space:pre;width:22.85pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:324.47pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">12</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:334.47pt;position:var(--position);text-decoration:none;white-space:pre;width:166.14pt"> owned real estate assets, respectively, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:500.61pt;position:var(--position);text-decoration:none;white-space:pre;width:52.77pt">that were all</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:131.22pt">classified as held for investment.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:338pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:176.8pt">Agency Multifamily Lending Partnership</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:355.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">In 2024, we entered into an agreement with M&amp;T Realty Capital Corporation, or MTRCC, a subsidiary of M&amp;T Bank, that</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">allows our borrowers to access multifamily agency financing through MTRCC’s Fannie Mae DUS and Freddie Mac</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:142.83pt">Optigo lending platforms, or our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:201.33pt;position:var(--position);text-decoration:none;white-space:pre;width:171.75pt">Agency Multifamily Lending Partnership</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.08pt;position:var(--position);text-decoration:none;white-space:pre;width:180.39pt">. We will receive a portion of origination,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">servicing, and other fees for loans that we refer to MTRCC for origination under both the Fannie Mae and Freddie Mac</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:401.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">programs. Additionally, we will share in losses with MTRCC and Fannie Mae on loans that we refer to MTRCC for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:413pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:172.6pt">origination under the Fannie Mae program.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:442.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:84.59pt">Revenue Recognition</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:460pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">For loans that we refer to MTRCC for origination under both the Fannie Mae and Freddie Mac programs, we recognize our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">allocable portion of origination, servicing, and other fees in other income when we have satisfied our performance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:483pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">obligations in accordance with the ASC Topic 606, “Revenue from Contracts with Customers,” or ASC 606. Our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:494.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">performance obligations are generally satisfied when the loan is referred by us to MTRCC and subsequently originated and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:506pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">sold under the Fannie Mae and Freddie Mac programs. A portion of the fees recognized, such as servicing fees, are variable</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:517.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:228.28pt">and are reevaluated for collectibility on a recurring basis.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:286.78pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:547pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:98.02pt">Loss-sharing Obligation</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:564.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">Pursuant to our agreement with MTRCC, we are subject to a loss-sharing obligation with respect to MTRCC’s obligation</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">to partially guarantee the performance of loans that they originate and sell under the Fannie Mae program. This loss-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:587.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">sharing agreement requires us to fund a fixed amount of cash into a segregated account based on the amount MTRCC is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:599pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:376.55pt">required to fund under the Fannie Mae program, with respect to loans we referred to MTRCC.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:622.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">In addition, we will recognize a liability for these loss-sharing obligations. This liability will be initially recognized at fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:634pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">value with a corresponding expense at inception, and it will subsequently be amortized on a straight-line basis over the life</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:645.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:468.2pt">of the loss-sharing obligation. This liability is included within other liabilities in our consolidated balance sheets.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:526.7pt;position:var(--position);text-decoration:none;white-space:pre;width:3.62pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:530.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:23.06pt">As of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:657pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.54pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.03999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:438.39pt">, our maximum loss-sharing obligation associated with the loans referred by us to MTRCC under the Fannie</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:668.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:80.14pt">Mae program was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:138.64pt;position:var(--position);text-decoration:none;white-space:pre;width:50.68pt">$5.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.32pt;position:var(--position);text-decoration:none;white-space:pre;width:104.04pt">, and we have recorded </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:293.36pt;position:var(--position);text-decoration:none;white-space:pre;width:85.62pt">related liabilities of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:378.98pt;position:var(--position);text-decoration:none;white-space:pre;width:55.42pt">$32 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.4pt;position:var(--position);text-decoration:none;white-space:pre;width:6.83pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:441.23pt;position:var(--position);text-decoration:none;white-space:pre;width:74pt">There have been </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:515.23pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:525.23pt;position:var(--position);text-decoration:none;white-space:pre;width:28.2pt"> losses</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:680pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:201.46pt">incurred as a result of the loss-sharing obligations.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:259.96000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:141.54pt">Derivative Financial Instruments</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:200.04pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">We classify all derivative financial instruments as either other assets or other liabilities on our consolidated balance sheets</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:50.19pt">at fair value.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.69pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">On the date we enter into a derivative contract, we designate each contract as (i) a hedge of a net investment in a foreign</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:118pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">operation, or net investment hedge, (ii) a hedge of a forecasted transaction or of the variability of cash flows to be received</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:129.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">or paid related to a recognized asset or liability, or cash flow hedge, (iii) a hedge of a recognized asset or liability, or fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">value hedge, or (iv) a derivative instrument not to be designated as a hedging derivative, or non-designated hedge. For all</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:152.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">derivatives other than those designated as non-designated hedges, we formally document our hedge relationships and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:164pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">designation at the contract’s inception. This documentation includes the identification of the hedging instruments and the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:175.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">hedged items, its risk management objectives, strategy for undertaking the hedge transaction and our evaluation of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:187pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:155.07pt">effectiveness of its hedged transaction.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:213.57pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:210.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">On a quarterly basis, we also formally assess whether the derivative we designated in each hedging relationship is expected</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:222pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">to be, and has been, highly effective in offsetting changes in the value or cash flows of the hedged items. If it is determined</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:233.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">that a derivative is not highly effective at hedging the designated exposure, hedge accounting is discontinued and the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:245pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">changes in fair value of the instrument are included in net income prospectively. Our net investment hedges are assessed</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:256.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">using a method based on changes in spot exchange rates. Gains and losses, representing hedge components excluded from</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:268pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">the assessment of effectiveness, are recognized in interest and related income on our consolidated statements of operations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:279.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">over the contractual term of our net investment hedges on a systematic and rational basis, as documented at hedge inception</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:291pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">in accordance with our accounting policy election. All other changes in the fair value of our derivative instruments that</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:302.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">qualify as hedges are reported as a component of accumulated other comprehensive income (loss) on our consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:314pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">financial statements. Deferred gains and losses are reclassified out of accumulated other comprehensive income (loss) and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:325.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">into net income in the same period or periods during which the hedged transaction affects earnings, and are presented in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:337pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">same line item as the earnings effect of the hedged item. For cash flow hedges, this is typically when the periodic swap</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:348.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">settlements are made, while for net investment hedges, this occurs when the hedged item is sold or substantially liquidated.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:360pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">To the extent a derivative does not qualify for hedge accounting and is deemed a non-designated hedge, the changes in its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:371.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:201.94pt">fair value are included in net income concurrently.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:395pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">Proceeds or payments from periodic settlements of derivative instruments are classified on our consolidated statement of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:406.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:246.66pt">cash flows in the same section as the underlying hedged item.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:64.64pt">Debt Securities</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">We have elected the FVO for our debt securities, which are included in other assets on our consolidated balance sheets.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:465pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:34.95pt">Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.45pt;position:var(--position);text-decoration:none;white-space:pre;width:26.92pt">Note 6</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.37pt;position:var(--position);text-decoration:none;white-space:pre;width:96.02pt"> for further information.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:494.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:160.97pt">Secured Debt and Asset-Specific Debt</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:512pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">We record investments financed with secured debt or asset-specific debt as separate assets and the related borrowings</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:523.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">under any secured debt or asset-specific debt are recorded as separate liabilities on our consolidated balance sheets. Interest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:535pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">income earned on the investments and interest expense incurred on the secured debt or asset-specific debt are reported</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:546.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:223.9pt">separately on our consolidated statements of operations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:52.46pt">Term Loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:110.96000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:593.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">We record our term loans as liabilities on our consolidated balance sheets. Where applicable, any issue discount or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:605pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">transaction expenses are deferred and amortized through the maturity date of the term loans as additional non-cash interest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:616.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:34.68pt">expense.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:646pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:91.02pt">Senior Secured Notes</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:663.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">We record our senior secured notes as liabilities on our consolidated balance sheets. Where applicable, any issue discount</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:675pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">or transaction expenses are deferred and amortized through the maturity date of the senior secured notes as additional non-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:686.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:86.82pt">cash interest expense.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:76.87pt">Convertible Notes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:135.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">Convertible note proceeds, unless issued with a substantial premium or an embedded conversion feature, are classified as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">debt. Additionally, shares issuable under our convertible notes are included in diluted earnings per share in our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">consolidated financial statements, if the effect is dilutive, using the if-converted method, regardless of settlement intent.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">Where applicable, any issue discount or transaction expenses are deferred and amortized through the maturity date of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:229.43pt">convertible notes as additional non-cash interest expense.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:147pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:109.34pt">Deferred Financing Costs</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:167.84pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:164.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">The deferred financing costs that are included as a reduction in the net book value of the related liability on our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:176pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">consolidated balance sheets include issuance and other costs related to our debt obligations. These costs are amortized as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:187.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:360.06pt">interest expense using the effective interest method over the life of the related obligations.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:418.56pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:217pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:201pt">Underwriting Commissions and Offering Costs</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:259.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">Underwriting commissions and offering costs incurred in connection with common stock offerings are reflected as a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:246pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">reduction of additional paid-in capital. Costs incurred that are not directly associated with the completion of a common</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:257.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:172.59pt">stock offering are expensed when incurred.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:231.09pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:287pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:110.99pt">Fair Value Measurements</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:304.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:267.5pt">The ASC Topic 820, “Fair Value Measurements and Disclosures,”</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:326pt;position:var(--position);text-decoration:none;white-space:pre;width:227.41pt"><span style="background-color:inherit"> or ASC 820, defines fair value, establishes a framework</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:316pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt"><span style="background-color:inherit">for measuring fair value, and requires certain disclosures about fair value measurements under GAAP. Specifically, this</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:327.5pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt"><span style="background-color:inherit">guidance defines fair value based on exit price, or the price that would be received upon the sale of an asset or the transfer</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:339pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:365.57pt"><span style="background-color:inherit">of a liability in an orderly transaction between market participants at the measurement date.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:362.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">ASC 820 also establishes a fair value hierarchy that prioritizes and ranks the level of market price observability used in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:374pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">measuring financial instruments. Market price observability is affected by a number of factors, including the type of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:385.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">financial instrument, the characteristics specific to the financial instrument, and the state of the marketplace, including the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:397pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">existence and transparency of transactions between market participants. Financial instruments with readily available quoted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:408.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">prices in active markets generally will have a higher degree of market price observability and a lesser degree of judgment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:420pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:115.7pt">used in measuring fair value.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.2pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:443.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">Financial instruments measured and reported at fair value are classified and disclosed based on the observability of inputs</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:455pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:149.83pt">used in the determination, as follows:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.33pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:472.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.97pt">Level 1: Generally includes only unadjusted quoted prices that are available in active markets for identical</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:484pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:181.16pt">financial instruments as of the reporting date.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:275.65999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:501.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.99pt">Level 2: Pricing inputs include quoted prices in active markets for similar instruments, quoted prices in less active</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:513pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.99pt">or inactive markets for identical or similar instruments where multiple price quotes can be obtained, and other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:524.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:333.76pt">observable inputs, such as interest rates, yield curves, credit risks, and default rates.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.26pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:542pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.9pt">Level 3: Pricing inputs are unobservable for the financial instruments and include situations where there is little, if</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:553.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:459pt">any, market activity for the financial instrument. These inputs require significant judgment or estimation by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:565pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.93pt">management of third parties when determining fair value and generally represent anything that does not meet the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:102.64pt">criteria of Levels 1 and 2.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:600pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">Certain of our other assets are reported at fair value, as of quarter-end, either (i) on a recurring basis or (ii) on a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:611.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.82pt">nonrecurring basis, as a result of impairment or other events. Our assets that are recorded at fair value are discussed further</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:623pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.34pt">in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:69.84pt;position:var(--position);text-decoration:none;white-space:pre;width:32.99pt">Note 18</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.83pt;position:var(--position);text-decoration:none;white-space:pre;width:450.67pt">. We generally value our assets recorded at fair value by either (i) discounting expected cash flows based on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:634.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">assumptions regarding the collection of principal and interest and estimated market rates, or (ii) obtaining assessments from</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:646pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">third parties. For collateral-dependent loans that are identified as impaired, we measure impairment by comparing our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:657.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">estimation of the fair value of the underlying collateral, less costs to sell, to the book value of the respective loan. These</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:669pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">valuations require significant judgments, which include assumptions regarding capitalization rates, discount rates, leasing,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:680.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">creditworthiness of major tenants, occupancy rates, availability and cost of financing, exit plan, loan sponsorship, actions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:692pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:137.35pt">of other lenders, and other factors.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:120.5pt">We have elected the FVO for </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:179pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:193.99pt;position:var(--position);text-decoration:none;white-space:pre;width:203.18pt"> of our investments in unconsolidated entities, our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.17pt;position:var(--position);text-decoration:none;white-space:pre;width:139.2pt">Bank Loan Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:536.37pt;position:var(--position);text-decoration:none;white-space:pre;width:17.04pt"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:147.89pt">Homebuilder Finance Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:206.39pt;position:var(--position);text-decoration:none;white-space:pre;width:346.95pt">, and therefore report these investments at fair value. Given the fair value of these</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:431.29pt">investments are not readily determinable, the net asset value of the entities are used as a practical expedient.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:100.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:28.74pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.24pt;position:var(--position);text-decoration:none;white-space:pre;width:60.12pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.36pt;position:var(--position);text-decoration:none;white-space:pre;width:100.08pt">, we had an aggregate </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:247.44pt;position:var(--position);text-decoration:none;white-space:pre;width:61pt">$219.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.44pt;position:var(--position);text-decoration:none;white-space:pre;width:170.98pt"> asset-specific CECL reserve related to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:479.42pt;position:var(--position);text-decoration:none;white-space:pre;width:17.2pt">nine</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:496.62pt;position:var(--position);text-decoration:none;white-space:pre;width:56.7pt"> of our loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:112pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:213.2pt">receivable with an aggregate amortized cost basis of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.7pt;position:var(--position);text-decoration:none;white-space:pre;width:59.08pt">$695.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:330.78pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:333.28pt;position:var(--position);text-decoration:none;white-space:pre;width:220.18pt"> net of cost-recovery proceeds. The CECL reserve was</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:123.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:408.8pt">recorded based on our estimation of the fair value of the loans' aggregate underlying collateral as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:467.3pt;position:var(--position);text-decoration:none;white-space:pre;width:56.8pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:524.1pt;position:var(--position);text-decoration:none;white-space:pre;width:29.34pt">. These</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">loans receivable are therefore measured at fair value on a nonrecurring basis using significant unobservable inputs, and are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:146.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">classified as Level 3 assets in the fair value hierarchy. We estimated the fair value of the collateral underlying the loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:158pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">receivable by considering a variety of inputs including property performance, market data, and comparable sales, as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:169.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">applicable. The significant unobservable inputs employed include the exit capitalization rate assumption used to forecast</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:181pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:324.41pt">the future sale price of the underlying real estate collateral, which ranged from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:382.91pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">4.9%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:403.74pt;position:var(--position);text-decoration:none;white-space:pre;width:14.03pt"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:417.77pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">8.5%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:438.6pt;position:var(--position);text-decoration:none;white-space:pre;width:114.9pt">, and the unlevered discount</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:192.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:146.52pt">rate assumption, which ranged from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:205.02pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">9.3%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.85pt;position:var(--position);text-decoration:none;white-space:pre;width:12.77pt"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:238.62pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">15.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:47.76pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.25999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:72.19pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.45pt;position:var(--position);text-decoration:none;white-space:pre;width:3.62pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.07pt;position:var(--position);text-decoration:none;white-space:pre;width:58.06pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:240.13pt;position:var(--position);text-decoration:none;white-space:pre;width:112.94pt">, we acquired legal title to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:353.07pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:368.06pt;position:var(--position);text-decoration:none;white-space:pre;width:140.45pt"> owned real estate assets through </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.51pt;position:var(--position);text-decoration:none;white-space:pre;width:44.94pt">foreclosure</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:227.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:47.71pt">transactions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.21000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:447.27pt">. At the time of each acquisition, we determined the fair value of the real estate assets based on a variety of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">inputs, as applicable, including, but not limited to, estimated cash flow projections, leasing assumptions, required capital</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:250.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">expenditures, market data, and comparable sales. The owned real estate assets were measured at fair value on a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:262pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">nonrecurring basis using significant unobservable inputs and are classified as Level 3 assets in the fair value hierarchy. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:273.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">significant unobservable inputs employed include (i) the exit capitalization rate assumption used to forecast the future sale</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:159.24pt">price of the assets, which ranged from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:217.74pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">5.8%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:238.57pt;position:var(--position);text-decoration:none;white-space:pre;width:14.03pt"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.6pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">6.5%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:273.43pt;position:var(--position);text-decoration:none;white-space:pre;width:279.9pt">, and (ii) the unlevered discount rate assumption, which ranged from</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:296.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">8.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:79.33pt;position:var(--position);text-decoration:none;white-space:pre;width:12.77pt"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.1pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">11.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:117.93pt;position:var(--position);text-decoration:none;white-space:pre;width:39.95pt">. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:157.88pt;position:var(--position);text-decoration:none;white-space:pre;width:25.81pt">Notes </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:183.69pt;position:var(--position);text-decoration:none;white-space:pre;width:5pt">4</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:188.69pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.12pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">18</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:218.12pt;position:var(--position);text-decoration:none;white-space:pre;width:96.02pt"> for further information.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">We are also required by GAAP to disclose fair value information about financial instruments, which are not otherwise</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:331.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">reported at fair value in our consolidated balance sheet, to the extent it is practicable to estimate a fair value for those</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:343pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:459.68pt">instruments. These disclosure requirements exclude certain financial instruments and all non-financial instruments.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:518.1800000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:366.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">The following methods and assumptions are used to estimate the fair value of each class of financial instruments, for which</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:151.39pt">it is practicable to estimate that value:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:209.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:395.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:409.77pt">Cash and cash equivalents: The carrying amount of cash and cash equivalents approximates fair value.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:504.27pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:413pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.92pt">Loans receivable, net: The fair values of these loans were estimated using a discounted cash flow methodology,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.99pt">taking into consideration various factors including capitalization rates, discount rates, leasing, credit worthiness of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.89pt">major tenants, occupancy rates, availability and cost of financing, exit plan, loan sponsorship, actions of other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:103.49pt">lenders, and other factors.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:197.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:465pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.99pt">Derivative financial instruments: The fair value of our foreign currency and interest rate contracts was estimated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:476.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.9pt">using advice from a third-party derivative specialist, based on contractual cash flows and observable inputs</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:488pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:212.25pt">comprising foreign currency rates and credit spreads.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:306.75pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:505.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:172.34pt">Secured debt, net and other secured debt: </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:266.84000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:286.52pt">The fair value of these instruments was estimated based on the rate at</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:517pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.84pt">which a similar credit facility would currently be priced. Other secured debt is included in other liabilities in our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:112.89pt">consolidated balance sheets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:546pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.94pt">Securitized debt obligations, net: The fair value of these instruments was estimated by utilizing third-party pricing</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:557.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.88pt">service providers. In determining the value of a particular investment, pricing service providers may use broker-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:569pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.96pt">dealer quotations, reported trades, or valuation estimates from their internal pricing models to determine the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:580.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:58.25pt">reported price.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:598pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.95pt">Asset-specific debt, net: The fair value of these instruments was estimated based on the rate at which a similar</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:609.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:149.53pt">agreement would currently be priced.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:627pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.84pt">Loan participations sold, net: The fair value of these instruments was estimated based on the value of the related</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:638.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:85.13pt">loan receivable asset.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:656pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.97pt">Term loans, net: The fair value of these instruments was estimated by utilizing third-party pricing service</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:667.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.91pt">providers. In determining the value of a particular investment, pricing service providers may use broker-dealer</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:679pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.9pt">quotations, reported trades, or valuation estimates from their internal pricing models to determine the reported</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:690.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:22.46pt">price.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:116.96000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:708pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:459pt">Senior secured notes, net: The fair value of these instruments was estimated by utilizing third-party pricing service</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:719.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.91pt">providers. In determining the value of a particular investment, pricing service providers may use broker-dealer</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.9pt">quotations, reported trades, or valuation estimates from their internal pricing models to determine the reported</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:22.46pt">price.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:116.96000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.85pt">Convertible notes, net: Each series of the convertible notes is actively traded and their fair values were obtained</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:110.44pt">using quoted market prices.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:204.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:124pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:59.12pt">Income Taxes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:117.62pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">Our financial results generally do not reflect provisions for current or deferred income taxes on our REIT taxable income.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:153pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.81pt">We believe that we operate in a manner that will continue to allow us to be taxed as a REIT and, as a result, we generally</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:164.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.81pt">do not expect to pay substantial corporate level taxes other than those payable by our taxable REIT subsidiaries. If we were</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:176pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">to fail to meet these requirements, we may be subject to federal, state, and local income tax on current and past income, and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:187.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:75.44pt">penalties. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:133.94pt;position:var(--position);text-decoration:none;white-space:pre;width:31.92pt">Note 16</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:165.86pt;position:var(--position);text-decoration:none;white-space:pre;width:96.02pt"> for further information.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:217pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:116.9pt">Stock-Based Compensation</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:175.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">Our stock-based compensation consists of awards issued to our Manager, certain individuals employed by an affiliate of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:246pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">our Manager, and certain members of our board of directors that vest over the life of the awards, as well as deferred stock</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:257.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">units issued to certain members of our board of directors. Stock-based compensation expense is recognized for these</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:269pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">awards in net income on a variable basis over the applicable vesting period of the awards, based on the value of our class A</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:280.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:98.51pt">common stock. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:157.01pt;position:var(--position);text-decoration:none;white-space:pre;width:31.92pt">Note 17</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:188.93pt;position:var(--position);text-decoration:none;white-space:pre;width:96.02pt"> for further information.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:310pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:83.27pt">Earnings per Share</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:141.76999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:327.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">Basic earnings per share, or Basic EPS, is computed in accordance with the two-class method and is based on (i) the net</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:339pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">earnings allocable to our class A common stock, including restricted class A common stock and deferred stock units,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:350.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">divided by (ii) the weighted-average number of shares of our class A common stock, including restricted class A common</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:362pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">stock and deferred stock units outstanding during the period. Our restricted class A common stock is considered a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:373.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">participating security, as defined by GAAP, and has been included in our Basic EPS under the two-class method as these</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:385pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">restricted shares have the same rights as our other shares of class A common stock, including participating in any gains or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:396.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:26.37pt">losses.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:420pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">Diluted earnings per share, or Diluted EPS, is determined using the if-converted method, and is based on (i) the net</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:431.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">earnings, adjusted for interest expense incurred on our convertible notes during the relevant period, net of incentive fees,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:443pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">allocable to our class A common stock, including restricted class A common stock and deferred stock units, divided by (ii)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:454.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">the weighted-average number of shares of our class A common stock, including restricted class A common stock, deferred</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:466pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:412.98pt">stock units, and shares of class A common stock issuable under our convertible notes. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.48pt;position:var(--position);text-decoration:none;white-space:pre;width:33.97pt">Note 14</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:505.45pt;position:var(--position);text-decoration:none;white-space:pre;width:47.95pt"> for further</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:477.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:130.16pt">discussion of earnings per share.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:188.66pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:507pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:76.85pt">Foreign Currency</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:135.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:524.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">In the normal course of business, we enter into transactions not denominated in United States, or U.S., dollars. Foreign</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:536pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">exchange gains and losses arising on such transactions are recorded as a gain or loss in our consolidated statements of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:547.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">operations. In addition, we consolidate entities that have a non-U.S. dollar functional currency. Non-U.S. dollar-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:559pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">denominated assets and liabilities are translated to U.S. dollars at the exchange rate prevailing at the reporting date and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:570.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">income, expenses, gains, and losses are translated at the average exchange rate over the applicable period. Cumulative</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:582pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">translation adjustments arising from the translation of non-U.S. dollar-denominated subsidiaries are recorded in other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:593.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:119.59pt">comprehensive income (loss).</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.09pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:623pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:154.87pt">Recent Accounting Pronouncements</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:640.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">In December 2025, the FASB issued Accounting Standards Update, or ASU, 2025-11, “Interim Reporting (Topic 270):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:652pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">Narrow Scope Improvements,” which amends the guidance in ASC 270, Interim Reporting. The update enhances interim</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:663.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">disclosure requirements by clarifying the information that must be presented in quarterly periods, including improved</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:675pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">transparency regarding significant events, accounting policy updates, and material developments that occur between annual</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:686.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">reporting dates. ASU 2025-11 also aligns certain interim reporting requirements more closely with annual disclosure</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:698pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">objectives to promote consistency and comparability. The amendments are effective for interim periods beginning after</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:709.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">December 15, 2027, and early adoption is permitted. We have not early adopted ASU 2025-11 and do not expect the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:721pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:373.46pt">adoption of ASU 2025-11 to have a material impact on our consolidated financial statements.</span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">In December 2025, the FASB issued ASU 2025-09, “Derivatives and Hedging (Topic 815): Hedge Accounting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">Improvements,” which amends the guidance in ASC 815, Derivatives and Hedging. The update refines certain hedge</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">accounting requirements, including clarifications to the designation and documentation criteria for hedge relationships,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:88.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">improvements to the assessment of hedge effectiveness, and enhanced disclosures intended to provide greater transparency</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:100pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">into an entity’s risk management activities involving derivatives. ASU 2025-09 is effective for annual periods beginning</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:111.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">after December 15, 2026, including interim periods within those annual periods, and early adoption is permitted. We have</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:123pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">not early adopted ASU 2025-09 and do not expect the adoption of ASU 2025-09 to have a material impact on our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:134.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:135.07pt">consolidated financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:158pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">In December 2025, the FASB issued ASU 2025-08, “Financial Instruments—Credit Losses (Topic 326): Purchased</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:169.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">Loans,” which clarifies the application of the CECL model to purchased loans, including purchased credit‑deteriorated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:181pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">loans, and enhances related disclosure requirements. ASU 2025-08 is effective for annual reporting periods beginning after</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:192.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">December 15, 2026, including interim periods within those annual periods. Early adoption is permitted. We have not early</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">adopted ASU 2025-08 and do not expect the adoption of ASU 2025-08 to have a material impact on our consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:215.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:82.08pt">financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">In July 2025, the FASB issued ASU 2025-05, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:250.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">Losses for Accounts Receivable and Contract Assets,” which amends the guidance in ASC 326. This update provides a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:262pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">practical expedient related to the estimation of expected credit losses for current accounts receivable and current contract</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:273.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">assets that arise from transactions accounted for under ASC 606. The amendment notes that in developing reasonable and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">supportable forecasts as part of estimating expected credit losses, all entities may elect a practical expedient that assumes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:296.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">that current conditions as of the balance sheet date do not change for the remaining life of the asset. ASU 2025-05 is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">effective for annual periods beginning after December 15, 2025, including interim periods within those annual periods, and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:319.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:242.37pt">early adoption is permitted. We recognize revenue from our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:300.87pt;position:var(--position);text-decoration:none;white-space:pre;width:165.81pt">Agency Multifamily Lending Partnership</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:466.68pt;position:var(--position);text-decoration:none;white-space:pre;width:86.79pt"> and income from our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:331pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">hospitality owned real estate assets pursuant to ASC 606. The adoption of ASU 2025-05 in 2026 did not have a material</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:342.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:193.07pt">impact on our consolidated financial statements.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:251.57pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:366pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">In May 2025, the FASB issued ASU 2025-03, “Business Combinations (Topic 805) and Consolidation (Topic 810):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:377.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity,” which amends the guidance in ASC</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:389pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">805. This update clarifies the determination of the accounting acquirer in business combinations that are primarily effected</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:400.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">through the exchange of equity interests and involve the acquisition of a VIE. Specifically, entities are now required to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:412pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">consider the factors outlined in ASC 805-10-55-12 through 55-15 when determining the accounting acquirer, rather than</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:423.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">defaulting to the primary beneficiary of the VIE as the accounting acquirer. ASU 2025-03 is effective for annual periods</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">beginning after December 15, 2026, including interim periods within those annual periods, and early adoption is permitted.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:446.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">We have not early adopted ASU 2025-03 and do not expect the adoption of ASU 2025-03 to have a material impact on our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:458pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:135.07pt">consolidated financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:481.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">In November 2024, the FASB issued ASU 2024-04 “Debt with Conversion and Other Options (Subtopic 470-20): Induced</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:493pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">Conversions of Convertible Debt Instruments,” or ASU 2024-04. ASU 2024-04 clarifies the accounting treatment for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:504.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">settlement of a convertible debt instrument as an induced conversion. ASU 2024-04 is effective on a prospective basis,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:516pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">with the option for retrospective application, for fiscal years beginning after December 15, 2025. The adoption of ASU</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:527.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:355.7pt">2024-04 in 2026 did not have a material impact on our consolidated financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:551pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">In November 2024, the FASB issued ASU 2024-03 “Expense Disaggregation Disclosures (Subtopic 220-40):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:562.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">Disaggregation of Income Statement Expenses,” or ASU 2024-03. ASU 2024-03 requires disclosures in the notes to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:574pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">financial statements on specified information about certain costs and expenses for each interim and annual reporting period.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:585.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">ASU 2024-03 is effective on either a prospective basis, with the option for retrospective application, for annual periods</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">beginning after December 15, 2026, and for interim periods within fiscal years beginning after December 15, 2027, and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:608.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">early adoption is permitted. We have not early adopted ASU 2024-03 and do not expect the adoption of ASU 2024-03 to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:620pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:256.56pt">have a material impact on our consolidated financial statements.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:89.37pt">Basis of Presentation</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:500.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:201.27pt">The accompanying consolidated financial statem</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:259.77pt;position:var(--position);text-decoration:none;white-space:pre;width:264.32pt">ents have been prepared in accordance with GAAP, and includ</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:524.0899999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:29.36pt">e, on a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:512pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">consolidated basis, our accounts, the accounts of our wholly-owned subsidiaries, majority-owned subsidiaries, and variable</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:523.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">interest entities, or VIEs, of which we are the primary beneficiary. All intercompany balances and transactions have been</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:535pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:111.24pt">eliminated in consolidation.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">Certain prior period amounts have been reclassified to conform to the current period presentation, including changes to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:570pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:342.05pt">presentation of certain income and expense captions and loans receivable disclosures.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:115.47pt">Principles of Consolidation</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:617pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">We consolidate all entities that we control through either majority ownership or voting rights. In addition, we consolidate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:628.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">all VIEs of which we are considered the primary beneficiary. VIEs are defined as entities in which equity investors (i) do</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:640pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">not have an interest with the characteristics of a controlling financial interest and/or (ii) do not have sufficient equity at risk</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:651.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">for the entity to finance its activities without additional subordinated financial support from other parties. The entity that</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:663pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">consolidates a VIE is known as its primary beneficiary and is generally the entity with (i) the power to direct the activities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:674.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">that most significantly affect the VIE’s economic performance and (ii) the right to receive benefits from the VIE or the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:686pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">obligation to absorb losses of the VIE that could be significant to the VIE. Entities that do not qualify as VIEs are generally</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:697.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">considered voting interest entities, or VOEs, and are evaluated for consolidation under the voting interest model. VOEs are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:709pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:360.71pt">consolidated when we control the entity through a majority voting interest or other means.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">For consolidated entities, the non-controlling partner’s share of the assets, liabilities, and operations of each joint venture is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">included in non-controlling interests as a component of total equity. The non-controlling partner’s interest is generally</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:248.59pt">computed as the joint venture partner’s ownership percentage.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:307.09000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:100.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">When the requirements for consolidation are not met and we have significant influence over the operations of the entity, the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:112pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:277.89pt">investment is accounted for under the equity method of accounting.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.39pt;position:var(--position);text-decoration:none;white-space:pre;width:216.97pt"> Investments in unconsolidated entities for which we</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:123.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">have not elected the fair value option, or FVO, are initially recorded at cost and subsequently adjusted for our pro rata share</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.8pt">of net income, contributions and distributions. When we elect the FVO, we record our share of the net asset value of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:146.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:199.74pt">entity and any related unrealized gains and losses.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:170pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">We review our investments in unconsolidated entities for impairment each quarter or when there is an event or change in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:181.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">circumstances that indicates a decrease in value. If there is a decrease in value due to a series of operating losses or other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:193pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:492.2pt">factors, the investment is evaluated to determine if the loss in value is considered other than temporary. Although a curren</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.7pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">t</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">fair value below the carrying value of the investment is an indicator of impairment, we will only recognize an impairment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">if the loss in value is determined to be an other than temporary impairment. If an impairment is determined to be other than</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:227.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">temporary, we will record an impairment charge sufficient to reduce the investment’s carrying value to its fair value, which</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.81pt">would result in a new cost basis. This new cost basis will be used for future periods when recording subsequent income or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:250.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:331.82pt">loss and cannot be written up to a higher value as a result of increases in fair value.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:274pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">In 2017, we entered into a joint venture with Walker &amp; Dunlop Inc., or Walker &amp; Dunlop, to originate, hold, and finance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">multifamily bridge loans, which we refer to as our Multifamily Joint Venture. Pursuant to the terms of the agreements</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:297pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:243.83pt">governing the joint venture, Walker &amp; Dunlop contributed </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:302.33000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">15%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:320.66pt;position:var(--position);text-decoration:none;white-space:pre;width:212pt"> of the venture’s equity capital and we contributed </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:532.6600000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">85%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">We consolidate our Multifamily Joint Venture as we have a controlling financial interest. The non-controlling interests</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">included on our consolidated balance sheets represent the equity interests in our Multifamily Joint Venture that are owned</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:331.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">by Walker &amp; Dunlop. A portion of our Multifamily Joint Venture’s consolidated equity and results of operations are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:343pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">allocated to these non-controlling interests based on Walker &amp; Dunlop’s pro rata ownership of our Multifamily Joint</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:354.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:34.68pt">Venture.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.18pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">In 2024, we entered into a joint venture with a Blackstone-advised investment vehicle to invest in triple net lease</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:389.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:153.6pt">properties, which we refer to as our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:212.1pt;position:var(--position);text-decoration:none;white-space:pre;width:100.8pt">Net Lease Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:312.9pt;position:var(--position);text-decoration:none;white-space:pre;width:175.81pt">. Our aggregate ownership interest in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:488.71pt;position:var(--position);text-decoration:none;white-space:pre;width:64.79pt">Net Lease Joint</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:401pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:32.18pt">Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:90.68pt;position:var(--position);text-decoration:none;white-space:pre;width:21.12pt"> was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.8pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">75%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:130.13pt;position:var(--position);text-decoration:none;white-space:pre;width:25.02pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:155.15pt;position:var(--position);text-decoration:none;white-space:pre;width:56.4pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:211.55pt;position:var(--position);text-decoration:none;white-space:pre;width:5.29pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:216.84pt;position:var(--position);text-decoration:none;white-space:pre;width:13.86pt">We</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.7pt;position:var(--position);text-decoration:none;white-space:pre;width:95.54pt"> do not consolidate our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:326.24pt;position:var(--position);text-decoration:none;white-space:pre;width:97.68pt">Net Lease Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:423.92pt;position:var(--position);text-decoration:none;white-space:pre;width:129.4pt"> as we do not have a controlling</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:412.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:163.44pt">financial interest. Our investment in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.94pt;position:var(--position);text-decoration:none;white-space:pre;width:97.38pt">Net Lease Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:319.32pt;position:var(--position);text-decoration:none;white-space:pre;width:234.15pt"> is accounted for under the equity method, and is recorded</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.51pt">in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.01pt;position:var(--position);text-decoration:none;white-space:pre;width:156.03pt">investments in unconsolidated entities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:226.04pt;position:var(--position);text-decoration:none;white-space:pre;width:327.31pt"> on our consolidated balance sheets, and our pro rata share of income (loss) is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:47.72pt">recorded in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.22pt;position:var(--position);text-decoration:none;white-space:pre;width:170.36pt">income (loss) from unconsolidated entities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.58000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:183.42pt"> on our consolidated statements of operations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">In 2025, we entered into a joint venture with a Blackstone-advised investment vehicle to acquire portfolios of performing</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:470.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:225.37pt">commercial mortgage loans, which we refer to as our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:283.87pt;position:var(--position);text-decoration:none;white-space:pre;width:143.24pt">Bank Loan Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.11pt;position:var(--position);text-decoration:none;white-space:pre;width:81.13pt">. During 2025, our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.24pt;position:var(--position);text-decoration:none;white-space:pre;width:45.24pt">Bank Loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:482pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:96.64pt">Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:155.14pt;position:var(--position);text-decoration:none;white-space:pre;width:43.89pt"> acquired </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.03pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:214.02pt;position:var(--position);text-decoration:none;white-space:pre;width:339.36pt"> portfolios of performing commercial mortgage loans. Our aggregate ownership</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:493.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:61.17pt">interest in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.67pt;position:var(--position);text-decoration:none;white-space:pre;width:143pt">Bank Loan Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:262.66999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:22.66pt"> was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:285.33000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">35%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:303.65999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:27.33pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:330.99pt;position:var(--position);text-decoration:none;white-space:pre;width:57.94pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:388.93pt;position:var(--position);text-decoration:none;white-space:pre;width:119.31pt">. We do not consolidate our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.24pt;position:var(--position);text-decoration:none;white-space:pre;width:45.18pt">Bank Loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:505pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:92.82pt">Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.32pt;position:var(--position);text-decoration:none;white-space:pre;width:296.93pt"> as we do not have a controlling financial interest. Our investment in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:448.25pt;position:var(--position);text-decoration:none;white-space:pre;width:105.1pt">Bank Loan Portfolio Joint</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:516.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:32.18pt">Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:90.68pt;position:var(--position);text-decoration:none;white-space:pre;width:221.11pt"> is accounted for using the FVO, and is recorded in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:311.78999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:156.3pt">investments in unconsolidated entities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:468.09pt;position:var(--position);text-decoration:none;white-space:pre;width:85.31pt"> on our consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:354.53pt">balance sheets, and our pro rata share of any unrealized gains and losses is recorded in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:413.03pt;position:var(--position);text-decoration:none;white-space:pre;width:140.32pt">income (loss) from unconsolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:539.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:28.83pt">entities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.33pt;position:var(--position);text-decoration:none;white-space:pre;width:183.42pt"> on our consolidated statements of operations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:563pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">In the second quarter of 2026, we entered into a joint venture with an unaffiliated third-party, alongside a Blackstone-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:574.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:200.21pt">advised investment vehicle, to acquire an initial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:258.71000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:4.11pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:262.82pt;position:var(--position);text-decoration:none;white-space:pre;width:60.46pt">$286.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:323.28pt;position:var(--position);text-decoration:none;white-space:pre;width:4.11pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:327.39pt;position:var(--position);text-decoration:none;white-space:pre;width:226.06pt">portfolio of construction loans collateralized by single</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:586pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:301.08pt">family homes, and to continue to acquire and fund such loans in the future</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:359.58pt;position:var(--position);text-decoration:none;white-space:pre;width:106.58pt">, which we refer to as our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:466.16pt;position:var(--position);text-decoration:none;white-space:pre;width:87.16pt">Homebuilder Finance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:54.64pt">Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:113.14pt;position:var(--position);text-decoration:none;white-space:pre;width:170.21pt">. Our aggregate ownership interest in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:283.35pt;position:var(--position);text-decoration:none;white-space:pre;width:145.04pt">Homebuilder Finance Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.39pt;position:var(--position);text-decoration:none;white-space:pre;width:21.6pt"> was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:449.99pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">45%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:468.32pt;position:var(--position);text-decoration:none;white-space:pre;width:25.74pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.06pt;position:var(--position);text-decoration:none;white-space:pre;width:56.88pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:609pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:115.25pt">We do not consolidate our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:173.75pt;position:var(--position);text-decoration:none;white-space:pre;width:147.83pt">Homebuilder Finance Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:321.58pt;position:var(--position);text-decoration:none;white-space:pre;width:231.84pt"> as we do not have a controlling financial interest. Our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:620.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:74.86pt">investment in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:133.36pt;position:var(--position);text-decoration:none;white-space:pre;width:145.88pt">Homebuilder Finance Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:279.24pt;position:var(--position);text-decoration:none;white-space:pre;width:215.39pt"> is accounted for using the FVO, and is recorded in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.63pt;position:var(--position);text-decoration:none;white-space:pre;width:58.8pt">investments in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:632pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:93.03pt">unconsolidated entities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.53pt;position:var(--position);text-decoration:none;white-space:pre;width:401.82pt"> on our consolidated balance sheets, and our pro rata share of any unrealized gains and losses is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:643.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:47.72pt">recorded in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.22pt;position:var(--position);text-decoration:none;white-space:pre;width:170.36pt">income (loss) from unconsolidated entities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.58000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:183.42pt"> on our consolidated statements of operations.</span></div> 0.15 0.85 0.75 2 0.35 286700000 0.45 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:70.5pt">Use of Estimates</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:690.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:702pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:713.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:725pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:303.74pt">period. Actual results may ultimately differ materially from those estimates.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:90.2pt">Revenue Recognition</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">Interest income from our loans receivable portfolio is recognized over the life of each loan using the effective interest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">method and is recorded on the accrual basis. Recognition of fees, premiums, and discounts associated with these</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:376.05pt">investments is deferred and recorded over the term of the loan as an adjustment to yield.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.55pt;position:var(--position);text-decoration:none;white-space:pre;width:4.08pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:438.63pt;position:var(--position);text-decoration:none;white-space:pre;width:114.84pt">Income accrual is generally</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.8pt">suspended for loans at the earlier of the date at which payments become 90 days past due or when, in our opinion, recovery</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:171.48pt">of income and principal becomes doubtful</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:229.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:232.48pt;position:var(--position);text-decoration:none;white-space:pre;width:321.01pt"> Interest received is then recorded as income or as a reduction in the amortized</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:129pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">cost basis, based on the specific facts and circumstances, until accrual is resumed when the loan becomes contractually</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:140.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:30.79pt">current </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:89.28999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:193.94pt">and performance is demonstrated to be resumed.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:283.23pt;position:var(--position);text-decoration:none;white-space:pre;width:270.24pt"> In addition, for loans we originate, the related origination expenses</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:152pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">are deferred and recognized as a reduction to interest income; however, expenses related to loans we acquire are included</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:163.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:203.9pt">in general and administrative expenses as incurred.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:187pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">The sources of revenue from our owned real estate assets, which is included in revenue from owned real estate on our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:198.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:390.32pt">consolidated statements of operations, and the related revenue recognition policies are as follows:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">Rental income primarily consists of base rent income arising from tenant leases at our office and multifamily properties.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:227.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">We determine if an arrangement is a lease at contract inception, which is subject to the provisions of Financial Accounting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">Standards Board, or FASB, Accounting Standards Codification, or ASC, Topic 842 “Leases.” Base rent is recognized on a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:250.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">straight-line basis over the life of the lease, including any rent steps or abatement provisions. We begin to recognize</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:262pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:423.95pt">revenue upon the acquisition of the related property or when a tenant takes possession of the leased space.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">Other operating income primarily consists of income from our hospitality properties and tenant reimbursement income.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:297pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">Revenue from our hospitality properties consists primarily of room revenue and food and beverage revenue. Room revenue</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">is recognized when the related room is occupied and other hospitality revenue is recognized when the service is rendered.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">Tenant reimbursement income primarily consists of amounts due from tenants for costs related to common area</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:331.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:352.78pt">maintenance, real estate taxes, and other recoverable costs included in lease agreements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:355pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">We evaluate the collectability of receivables related to rental revenue on an individual lease basis and exercise judgment in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:366.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">assessing collectability considering the length of time a receivable has been outstanding, tenant credit-worthiness, payment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">history, available information about the financial condition of the tenant, and current economic trends, among other factors.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:389.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:386.04pt">Tenant receivables that are deemed uncollectible are recognized as a reduction to rental revenue.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:117.49pt">Cash and Cash Equivalents</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">Cash and cash equivalents represent cash held in banks and liquid investments with original maturities of three months or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:448pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:14.98pt">less</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:73.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:75.98pt;position:var(--position);text-decoration:none;white-space:pre;width:477.4pt"> We may have bank balances in excess of federally insured amounts; however, we deposit our cash and cash</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">equivalents with high credit-quality institutions to minimize credit risk exposure. We have not experienced, and do not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:207.03pt">expect, any losses on our cash or cash equivalents. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:265.53pt;position:var(--position);text-decoration:none;white-space:pre;width:45.55pt">As of both </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:311.08000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:56.38pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:367.46pt;position:var(--position);text-decoration:none;white-space:pre;width:19.99pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:387.45pt;position:var(--position);text-decoration:none;white-space:pre;width:79.1pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:466.55pt;position:var(--position);text-decoration:none;white-space:pre;width:5.28pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.83pt;position:var(--position);text-decoration:none;white-space:pre;width:28.86pt">we had</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:500.69pt;position:var(--position);text-decoration:none;white-space:pre;width:2.78pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:503.47pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:513.47pt;position:var(--position);text-decoration:none;white-space:pre;width:39.93pt"> restricted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:482.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:134.56pt">cash on our consolidated balance </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:193.06pt;position:var(--position);text-decoration:none;white-space:pre;width:24.41pt">sheets</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:217.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div> 0 0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:74.65pt">Loans Receivable</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:529.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">We originate and purchase commercial real estate debt and related instruments generally to be held as long-term</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:541pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:120.94pt">investments at amortized cost.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:173.69pt">Current Expected Credit Losses Reserve</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:588pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">The current expected credit loss, or CECL, reserve required under the ASC Topic 326 “Financial Instruments – Credit</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:599.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">Losses,” or ASC 326, reflects our current estimate of potential credit losses related to our loans and notes receivable</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:611pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">included in our consolidated balance sheets. Changes to the CECL reserves are recognized through net income on our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:622.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">consolidated statements of operations. While ASC 326 does not require any particular method for determining the CECL</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:634pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">reserves, it does specify the reserves should be based on relevant information about past events, including historical loss</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:645.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">experience, current portfolio and market conditions, and reasonable and supportable forecasts for the duration of each</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:657pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">respective loan. In addition, other than a few narrow exceptions, ASC 326 requires that all financial instruments subject to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:668.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">the CECL model have some amount of loss reserve to reflect the principle underlying the CECL model that all loans and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:680pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:484.69pt">similar assets have some inherent risk of loss, regardless of credit quality, subordinate capital, or other mitigating factors.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:543.19pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:703.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">We estimate our CECL reserves primarily using the Weighted-Average Remaining Maturity, or WARM method, which</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:715pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">has been identified as an acceptable loss-rate method for estimating CECL reserves in FASB Staff Q&amp;A Topic 326, No. 1.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:726.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">The WARM method requires us to reference historic loan loss data across a comparable data set and apply such loss rate to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">each of our loans over their expected remaining term, taking into consideration expected economic conditions over the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">relevant time frame. We apply the WARM method for the majority of our loan portfolio, which consists of loans that share</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">similar risk characteristics. In certain instances, for loans with unique risk characteristics, we may instead use a probability-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:88.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:469.45pt">weighted model that considers the likelihood of default and expected loss given default for each such individual loan.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:527.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:112pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">Application of the WARM method to estimate CECL reserves requires judgment, including (i) the appropriate historical</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:123.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">loan loss reference data, (ii) the expected timing and amount of future loan fundings and repayments, and (iii) the current</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">credit quality of our portfolio and our expectations of performance and market conditions over the relevant time period. To</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:146.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">estimate the historic loan losses relevant to our portfolio, we have augmented our historical loan performance, with market</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:158pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">loan loss data licensed from Trepp LLC. This database includes commercial mortgage-backed securities, or CMBS, issued</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:169.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:123.75pt">since January 1, 1999 through </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.25pt;position:var(--position);text-decoration:none;white-space:pre;width:56.24pt">May 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:238.49pt;position:var(--position);text-decoration:none;white-space:pre;width:314.96pt">. Within this database, we focused our historical loss reference calculations on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:181pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">the most relevant subset of available CMBS data, which we determined based on loan metrics that are most comparable to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:192.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">our loan portfolio including asset type, geography, and origination loan-to-value, or LTV. We believe this CMBS data,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">which includes month-over-month loan and property performance, is the most relevant, available, and comparable dataset</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:215.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:63.57pt">to our portfolio.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.07pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">Our loans typically include commitments to fund incremental proceeds to our borrowers over the life of the loan. These</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:250.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">future funding commitments are also subject to the CECL model. The CECL reserve related to future loan fundings is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:262pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">recorded as a component of other liabilities on our consolidated balance sheets. This CECL reserve is estimated using the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:273.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">same process outlined above for our outstanding loan balances, and changes in this component of the CECL reserve will</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">similarly impact our consolidated net income. For both the funded and unfunded portions of our loans, we consider our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:296.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:389.25pt">internal risk rating of each loan as the primary credit quality indicator underlying our assessment.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:447.75pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">The CECL reserves are measured on a collective basis wherever similar risk characteristics exist within a pool of similar</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:331.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:468.37pt">assets. We have identified the following pools and measure the reserve for credit losses using the following methods:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:526.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:349pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.25pt">U.S. Loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.75pt;position:var(--position);text-decoration:none;white-space:pre;width:409.68pt">: WARM method that incorporates a subset of historical loss data, expected weighted-average</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:360.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:240.58pt">remaining maturity of our loan pool, and an economic view.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:335.08000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:72.02pt">Non-U.S. Loans:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:166.51999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:386.87pt"> WARM method that incorporates a subset of historical loss data, expected weighted-average</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:389.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:240.58pt">remaining maturity of our loan pool, and an economic view.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:335.08000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:407pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:63.47pt">Unique Loans:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:157.97pt;position:var(--position);text-decoration:none;white-space:pre;width:395.38pt"> a probability of default and loss given default model, assessed on an individual basis. During the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:418.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.87pt">three months ended June 30, 2026, we reassessed the pooling of certain loans previously classified within our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:430pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.99pt">Unique Loans pool. Based on our reassessment, we determined that these loans share risk characteristics</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:441.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.88pt">materially similar to loans in our U.S. Loans and Non-U.S. Loans pools, as evaluated under our internal risk rating</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.94pt">framework. Accordingly, consistent with ASC 326, which requires assets with similar risk characteristics to be</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:464.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.93pt">evaluated on a collective basis wherever similar risk characteristics exist within a pool of similar assets, we have</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:476pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.98pt">reclassified these loans into our U.S. Loans and Non-U.S. Loans pools, as applicable based on the geographic</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:487.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:157.43pt">location of the underlying collateral. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:251.93pt;position:var(--position);text-decoration:none;white-space:pre;width:301.45pt">This reclassification did not have a material impact on our total CECL</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:499pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.88pt">reserves as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.38pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:207.2pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:516.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:73.58pt">Impaired Loans:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.07999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:4.17pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.25pt;position:var(--position);text-decoration:none;white-space:pre;width:381.21pt">impairment is indicated when it is deemed probable that we will not be able to collect all</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.83pt">amounts due to us pursuant to the contractual terms of the loan. Determining that a loan is impaired requires</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:539.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.96pt">significant judgment from management and is based on several factors including (i) the underlying collateral</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:551pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:459pt">performance, (ii) discussions with the borrower, (iii) borrower events of default, and (iv) other facts that impact</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:562.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.94pt">the borrower’s ability to pay the contractual amounts due under the terms of the loan. If a loan is determined to be</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:574pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.9pt">impaired, we record the impairment as a component of our CECL reserves by applying the practical expedient for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:585.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.88pt">collateral dependent loans. The CECL reserves are assessed on an individual basis for these loans by comparing</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.9pt">the estimated fair value of the underlying collateral to the book value of the respective loan. These valuations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:608.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.91pt">require significant judgments, which include assumptions regarding capitalization rates, discount rates, leasing,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:620pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.97pt">creditworthiness of major tenants, occupancy rates, availability and cost of financing, exit plan, loan sponsorship,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:631.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.87pt">actions of other lenders, and other factors deemed relevant by us. Actual losses, if any, could ultimately differ</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:643pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:459pt">materially from these estimates. We only expect to charge off the impairment losses in our consolidated financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:654.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.95pt">statements prepared in accordance with GAAP if and when such amounts are deemed non-recoverable. This is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:666pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.93pt">generally at the time a loan is repaid or foreclosed, or the underlying collateral assets are otherwise consolidated.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:677.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.85pt">However, non-recoverability may also be concluded if, in our determination, it is nearly certain that all amounts</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:689pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:100.69pt">due will not be collected.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:195.19pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:211.82pt">Contractual Term and Unfunded Loan Commitments</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:270.32pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">Expected credit losses are estimated over the contractual term of each loan, adjusted for expected repayments. As part of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">our quarterly review of our loan portfolio, we assess the expected repayment date of each loan, which is used to determine</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:269.71pt">the contractual term for purposes of computing our CECL reserves.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:328.21pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:118pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">Additionally, the expected credit losses over the contractual period of our loans are subject to the obligation to extend</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:129.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">credit through our unfunded loan commitments. The CECL reserve for unfunded loan commitments is adjusted quarterly,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">as we consider the expected timing of future funding obligations over the estimated life of the loan. The considerations in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:152.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">estimating our CECL reserve for unfunded loan commitments are similar to those used for the related outstanding loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:164pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:43.52pt">receivable.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.02000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:193.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:97.67pt">Credit Quality Indicator</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:156.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:211pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">Our risk rating is our primary credit quality indicator in assessing our current expected credit loss reserve. We perform a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:222.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">quarterly risk review of our portfolio of loans, and assign each loan a risk rating based on a variety of factors, including,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">without limitation, origination LTV, debt yield, property type, geographic and local market dynamics, physical condition,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:245.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">cash flow volatility, leasing and tenant profile, loan structure and exit plan, and project sponsorship. Based on a 5-point</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:257pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">scale, our loans are rated “1” through “5,” from less risk to greater risk, relative to our loan portfolio in the aggregate,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:268.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:147.33pt">which ratings are defined as follows:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:205.83pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:286pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.83pt">1 -</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:64.4pt">Very Low Risk</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:158.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:303.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.83pt">2 -</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:40.82pt">Low Risk</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:135.32pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:321pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.83pt">3 -</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:58.02pt">Medium Risk</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:152.52pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:338.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.83pt">4 -</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:124.63pt">High Risk/Potential for Loss:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.13pt;position:var(--position);text-decoration:none;white-space:pre;width:200.87pt"> A loan that has a risk of realizing a principal loss.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:420pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:356pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.83pt">5 -</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:95.94pt">Impaired/Loss Likely:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:190.44pt;position:var(--position);text-decoration:none;white-space:pre;width:362.93pt"> A loan that has a very high risk of realizing a principal loss or has otherwise incurred a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.05pt">principal loss.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:397pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:142.37pt">Estimation of Economic Conditions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:200.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:414.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">In addition to the WARM method computations and probability-weighted models described above, our CECL reserves are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:426pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">also adjusted to reflect our estimation of the current and future economic conditions that impact the performance of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:437.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">commercial real estate assets securing our loans. These estimations include unemployment rates, interest rates, expectations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:449pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">of inflation and/or recession, and other macroeconomic factors impacting the likelihood and magnitude of potential credit</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:460.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">losses for our loans during their anticipated term. In addition to the CMBS data we have licensed from Trepp LLC, we</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:472pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">have also licensed certain macroeconomic financial forecasts to inform our view of the potential future impact that broader</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:483.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">economic conditions may have on our loan portfolio’s performance. We generally also incorporate information from other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:495pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">sources, including information and opinions available to our Manager, to further inform these estimations. This process</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:506.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">requires significant judgments about future events that, while based on the information available to us as of the balance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:518pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">sheet date, are ultimately indeterminate and the actual economic condition impacting our portfolio could vary significantly</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:136.21pt">from the estimates we made as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.71pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:250.53pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:81.6pt">Owned Real Estate</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">We may assume legal title, physical possession, or control of the collateral underlying a loan through a foreclosure, a deed-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:588pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">in-lieu of foreclosure transaction, or a loan modification in which we receive an equity interest in and/or control over</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:599.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:373.16pt">decision-making at the property, resulting in us consolidating the real estate assets as VIEs.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:431.66pt;position:var(--position);text-decoration:none;white-space:pre;width:14.24pt"> Th</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:445.9pt;position:var(--position);text-decoration:none;white-space:pre;width:107.57pt">ese real estate acquisitions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:611pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">are classified as owned real estate, on our consolidated balance sheet and are initially recognized at fair value on the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:622.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:384.06pt">acquisition date in accordance with the ASC Topic 805, “Business Combinations,” or ASC 805.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:646pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">Upon acquisition of owned real estate assets, we assess the fair value of acquired tangible and intangible assets, which may</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:657.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">include land, buildings, tenant improvements, “above-market” and “below-market” leases, acquired in-place leases, other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:669pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">identified intangible assets and assumed liabilities, as applicable, and allocate the fair value to the acquired assets and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:680.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:79.71pt">assumed liabilities. </span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:138.20999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:415.27pt"><span style="background-color:inherit">We assess and consider fair value based on estimated cash flow projections that utilize discount and/or</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:692pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt"><span style="background-color:inherit">capitalization rates that we deem appropriate, as well as other available market information. Estimates of future cash flows</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:703.5pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt"><span style="background-color:inherit">are based on a number of factors, including the historical operating results, known and anticipated trends, and market and</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:715pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:87.96pt"><span style="background-color:inherit">economic conditions. </span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.45999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:292.32pt">We capitalize acquisition-related costs associated with asset acquisitions.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:438.78pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">Real estate assets held for investment, except for land, are depreciated using the straight-line method over the assets’</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:123.6pt">estimated useful lives of up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.1pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">40</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:192.1pt;position:var(--position);text-decoration:none;white-space:pre;width:23.74pt"> years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.84pt;position:var(--position);text-decoration:none;white-space:pre;width:59.34pt"> for buildings, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:275.18pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">15</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:285.18pt;position:var(--position);text-decoration:none;white-space:pre;width:23.74pt"> years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:116.25pt"> for land improvements, and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.17pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">10</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:435.17pt;position:var(--position);text-decoration:none;white-space:pre;width:23.74pt"> years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:458.91pt;position:var(--position);text-decoration:none;white-space:pre;width:94.44pt"> for building and tenant</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">improvements. Renovations and/or replacements that improve or extend the life of the asset are capitalized and depreciated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:88.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">over their estimated useful lives. Lease intangibles are amortized over the remaining term of applicable leases on a straight-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:100pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:326.81pt">line basis. The cost of ordinary repairs and maintenance are expensed as incurred.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:123.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:352.58pt">Real estate assets held for investment are assessed for impairment on a quarterly basis.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:411.08pt;position:var(--position);text-decoration:none;white-space:pre;width:142.41pt"> If the depreciated cost basis of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:149.61pt">asset exceeds the undiscounted cash </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.11pt;position:var(--position);text-decoration:none;white-space:pre;width:164.09pt">flows over the remaining holding period</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:372.2pt;position:var(--position);text-decoration:none;white-space:pre;width:114.13pt">, the asset is considered for </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:486.33pt;position:var(--position);text-decoration:none;white-space:pre;width:46.04pt">impairment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:532.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:534.87pt;position:var(--position);text-decoration:none;white-space:pre;width:3.07pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:537.94pt;position:var(--position);text-decoration:none;white-space:pre;width:15.53pt">The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:146.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:165.84pt">impairment loss is recognized when the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.34pt;position:var(--position);text-decoration:none;white-space:pre;width:187.39pt">carrying value of the real estate assets exceed</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:411.73pt;position:var(--position);text-decoration:none;white-space:pre;width:69.57pt"> their fair value. </span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:481.3pt;position:var(--position);text-decoration:none;white-space:pre;width:72.1pt"><span style="background-color:inherit">The evaluation of</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:158pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt"><span style="background-color:inherit">anticipated future cash flows is highly subjective and is based in part on assumptions regarding future occupancy, rental</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:169.5pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:428.7pt"><span style="background-color:inherit">rates, capital requirements and anticipated holding periods that could differ materially from actual results.</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:487.2pt;position:var(--position);text-decoration:none;white-space:pre;width:2.98pt"><span style="background-color:inherit"> </span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:490.18pt;position:var(--position);text-decoration:none;white-space:pre;width:63.31pt">Refer to Note 4</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:181pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:75.48pt">for further informa</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:133.98000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:18.04pt">tion.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">Real estate assets are classified as held for sale in the period when they meet the criteria under the ASC Topic 360</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">“Property, Plant, and Equipment.” Once a real estate asset is classified as held for sale, depreciation is suspended and the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:227.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:315.35pt">asset is reported at the lower of its carrying value or fair value less cost to sell</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.85pt;position:var(--position);text-decoration:none;white-space:pre;width:179.58pt">. If circumstances arise and we decide not to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">sell a real estate asset previously classified as held for sale, the real estate asset is reclassified as held for investment. Upon</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:250.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">reclassification, the real estate asset is measured at the lower of (i) its carrying amount prior to classification as held for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:262pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">sale, adjusted for depreciation expense that would have been recognized had the real estate been classified as held for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:273.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:292.05pt">investment, and (ii) its estimated fair value at the time of reclassification.</span></div> P40Y P15Y P10Y 14 12 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:176.8pt">Agency Multifamily Lending Partnership</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:355.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">In 2024, we entered into an agreement with M&amp;T Realty Capital Corporation, or MTRCC, a subsidiary of M&amp;T Bank, that</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">allows our borrowers to access multifamily agency financing through MTRCC’s Fannie Mae DUS and Freddie Mac</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:142.83pt">Optigo lending platforms, or our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:201.33pt;position:var(--position);text-decoration:none;white-space:pre;width:171.75pt">Agency Multifamily Lending Partnership</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.08pt;position:var(--position);text-decoration:none;white-space:pre;width:180.39pt">. We will receive a portion of origination,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">servicing, and other fees for loans that we refer to MTRCC for origination under both the Fannie Mae and Freddie Mac</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:401.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">programs. Additionally, we will share in losses with MTRCC and Fannie Mae on loans that we refer to MTRCC for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:413pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:172.6pt">origination under the Fannie Mae program.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:442.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:84.59pt">Revenue Recognition</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:460pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">For loans that we refer to MTRCC for origination under both the Fannie Mae and Freddie Mac programs, we recognize our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">allocable portion of origination, servicing, and other fees in other income when we have satisfied our performance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:483pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">obligations in accordance with the ASC Topic 606, “Revenue from Contracts with Customers,” or ASC 606. Our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:494.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">performance obligations are generally satisfied when the loan is referred by us to MTRCC and subsequently originated and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:506pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">sold under the Fannie Mae and Freddie Mac programs. A portion of the fees recognized, such as servicing fees, are variable</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:517.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:228.28pt">and are reevaluated for collectibility on a recurring basis.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:286.78pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:547pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:98.02pt">Loss-sharing Obligation</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:564.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">Pursuant to our agreement with MTRCC, we are subject to a loss-sharing obligation with respect to MTRCC’s obligation</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">to partially guarantee the performance of loans that they originate and sell under the Fannie Mae program. This loss-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:587.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">sharing agreement requires us to fund a fixed amount of cash into a segregated account based on the amount MTRCC is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:599pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:376.55pt">required to fund under the Fannie Mae program, with respect to loans we referred to MTRCC.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:622.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">In addition, we will recognize a liability for these loss-sharing obligations. This liability will be initially recognized at fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:634pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">value with a corresponding expense at inception, and it will subsequently be amortized on a straight-line basis over the life</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:468.2pt">of the loss-sharing obligation. This liability is included within other liabilities in our consolidated balance sheets.</span> 5500000 5500000 32000 32000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:141.54pt">Derivative Financial Instruments</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:200.04pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">We classify all derivative financial instruments as either other assets or other liabilities on our consolidated balance sheets</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:50.19pt">at fair value.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.69pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">On the date we enter into a derivative contract, we designate each contract as (i) a hedge of a net investment in a foreign</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:118pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">operation, or net investment hedge, (ii) a hedge of a forecasted transaction or of the variability of cash flows to be received</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:129.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">or paid related to a recognized asset or liability, or cash flow hedge, (iii) a hedge of a recognized asset or liability, or fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">value hedge, or (iv) a derivative instrument not to be designated as a hedging derivative, or non-designated hedge. For all</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:152.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">derivatives other than those designated as non-designated hedges, we formally document our hedge relationships and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:164pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">designation at the contract’s inception. This documentation includes the identification of the hedging instruments and the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:175.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">hedged items, its risk management objectives, strategy for undertaking the hedge transaction and our evaluation of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:187pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:155.07pt">effectiveness of its hedged transaction.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:213.57pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:210.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">On a quarterly basis, we also formally assess whether the derivative we designated in each hedging relationship is expected</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:222pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">to be, and has been, highly effective in offsetting changes in the value or cash flows of the hedged items. If it is determined</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:233.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">that a derivative is not highly effective at hedging the designated exposure, hedge accounting is discontinued and the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:245pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">changes in fair value of the instrument are included in net income prospectively. Our net investment hedges are assessed</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:256.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">using a method based on changes in spot exchange rates. Gains and losses, representing hedge components excluded from</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:268pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">the assessment of effectiveness, are recognized in interest and related income on our consolidated statements of operations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:279.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">over the contractual term of our net investment hedges on a systematic and rational basis, as documented at hedge inception</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:291pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">in accordance with our accounting policy election. All other changes in the fair value of our derivative instruments that</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:302.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">qualify as hedges are reported as a component of accumulated other comprehensive income (loss) on our consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:314pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">financial statements. Deferred gains and losses are reclassified out of accumulated other comprehensive income (loss) and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:325.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">into net income in the same period or periods during which the hedged transaction affects earnings, and are presented in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:337pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">same line item as the earnings effect of the hedged item. For cash flow hedges, this is typically when the periodic swap</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:348.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">settlements are made, while for net investment hedges, this occurs when the hedged item is sold or substantially liquidated.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:360pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">To the extent a derivative does not qualify for hedge accounting and is deemed a non-designated hedge, the changes in its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:371.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:201.94pt">fair value are included in net income concurrently.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:395pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">Proceeds or payments from periodic settlements of derivative instruments are classified on our consolidated statement of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:406.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:246.66pt">cash flows in the same section as the underlying hedged item.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:64.64pt">Debt Securities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">We have elected the FVO for our debt securities, which are included in other assets on our consolidated balance sheets.</span> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:160.97pt">Secured Debt and Asset-Specific Debt</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:512pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">We record investments financed with secured debt or asset-specific debt as separate assets and the related borrowings</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:523.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">under any secured debt or asset-specific debt are recorded as separate liabilities on our consolidated balance sheets. Interest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:535pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">income earned on the investments and interest expense incurred on the secured debt or asset-specific debt are reported</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:546.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:223.9pt">separately on our consolidated statements of operations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:52.46pt">Term Loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:110.96000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:593.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">We record our term loans as liabilities on our consolidated balance sheets. Where applicable, any issue discount or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:605pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">transaction expenses are deferred and amortized through the maturity date of the term loans as additional non-cash interest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:616.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:34.68pt">expense.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:646pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:91.02pt">Senior Secured Notes</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:663.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">We record our senior secured notes as liabilities on our consolidated balance sheets. Where applicable, any issue discount</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:675pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">or transaction expenses are deferred and amortized through the maturity date of the senior secured notes as additional non-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:686.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:86.82pt">cash interest expense.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:76.87pt">Convertible Notes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:135.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">Convertible note proceeds, unless issued with a substantial premium or an embedded conversion feature, are classified as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">debt. Additionally, shares issuable under our convertible notes are included in diluted earnings per share in our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">consolidated financial statements, if the effect is dilutive, using the if-converted method, regardless of settlement intent.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">Where applicable, any issue discount or transaction expenses are deferred and amortized through the maturity date of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:229.43pt">convertible notes as additional non-cash interest expense.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:147pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:109.34pt">Deferred Financing Costs</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:167.84pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:164.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">The deferred financing costs that are included as a reduction in the net book value of the related liability on our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:176pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">consolidated balance sheets include issuance and other costs related to our debt obligations. These costs are amortized as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:360.06pt">interest expense using the effective interest method over the life of the related obligations.</span> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:201pt">Underwriting Commissions and Offering Costs</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:259.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">Underwriting commissions and offering costs incurred in connection with common stock offerings are reflected as a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:246pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">reduction of additional paid-in capital. Costs incurred that are not directly associated with the completion of a common</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:172.59pt">stock offering are expensed when incurred.</span> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:110.99pt">Fair Value Measurements</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:304.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:267.5pt">The ASC Topic 820, “Fair Value Measurements and Disclosures,”</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:326pt;position:var(--position);text-decoration:none;white-space:pre;width:227.41pt"><span style="background-color:inherit"> or ASC 820, defines fair value, establishes a framework</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:316pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt"><span style="background-color:inherit">for measuring fair value, and requires certain disclosures about fair value measurements under GAAP. Specifically, this</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:327.5pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt"><span style="background-color:inherit">guidance defines fair value based on exit price, or the price that would be received upon the sale of an asset or the transfer</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:339pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:365.57pt"><span style="background-color:inherit">of a liability in an orderly transaction between market participants at the measurement date.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:362.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">ASC 820 also establishes a fair value hierarchy that prioritizes and ranks the level of market price observability used in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:374pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">measuring financial instruments. Market price observability is affected by a number of factors, including the type of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:385.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">financial instrument, the characteristics specific to the financial instrument, and the state of the marketplace, including the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:397pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">existence and transparency of transactions between market participants. Financial instruments with readily available quoted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:408.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">prices in active markets generally will have a higher degree of market price observability and a lesser degree of judgment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:420pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:115.7pt">used in measuring fair value.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.2pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:443.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">Financial instruments measured and reported at fair value are classified and disclosed based on the observability of inputs</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:455pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:149.83pt">used in the determination, as follows:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.33pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:472.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.97pt">Level 1: Generally includes only unadjusted quoted prices that are available in active markets for identical</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:484pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:181.16pt">financial instruments as of the reporting date.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:275.65999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:501.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.99pt">Level 2: Pricing inputs include quoted prices in active markets for similar instruments, quoted prices in less active</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:513pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.99pt">or inactive markets for identical or similar instruments where multiple price quotes can be obtained, and other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:524.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:333.76pt">observable inputs, such as interest rates, yield curves, credit risks, and default rates.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.26pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:542pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.9pt">Level 3: Pricing inputs are unobservable for the financial instruments and include situations where there is little, if</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:553.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:459pt">any, market activity for the financial instrument. These inputs require significant judgment or estimation by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:565pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.93pt">management of third parties when determining fair value and generally represent anything that does not meet the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:102.64pt">criteria of Levels 1 and 2.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:600pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">Certain of our other assets are reported at fair value, as of quarter-end, either (i) on a recurring basis or (ii) on a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:611.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.82pt">nonrecurring basis, as a result of impairment or other events. Our assets that are recorded at fair value are discussed further</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:623pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.34pt">in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:69.84pt;position:var(--position);text-decoration:none;white-space:pre;width:32.99pt">Note 18</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.83pt;position:var(--position);text-decoration:none;white-space:pre;width:450.67pt">. We generally value our assets recorded at fair value by either (i) discounting expected cash flows based on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:634.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">assumptions regarding the collection of principal and interest and estimated market rates, or (ii) obtaining assessments from</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:646pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">third parties. For collateral-dependent loans that are identified as impaired, we measure impairment by comparing our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:657.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">estimation of the fair value of the underlying collateral, less costs to sell, to the book value of the respective loan. These</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:669pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">valuations require significant judgments, which include assumptions regarding capitalization rates, discount rates, leasing,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:680.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">creditworthiness of major tenants, occupancy rates, availability and cost of financing, exit plan, loan sponsorship, actions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:692pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:137.35pt">of other lenders, and other factors.</span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:120.5pt">We have elected the FVO for </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:179pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:193.99pt;position:var(--position);text-decoration:none;white-space:pre;width:203.18pt"> of our investments in unconsolidated entities, our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.17pt;position:var(--position);text-decoration:none;white-space:pre;width:139.2pt">Bank Loan Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:536.37pt;position:var(--position);text-decoration:none;white-space:pre;width:17.04pt"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:147.89pt">Homebuilder Finance Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:206.39pt;position:var(--position);text-decoration:none;white-space:pre;width:346.95pt">, and therefore report these investments at fair value. Given the fair value of these</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:431.29pt">investments are not readily determinable, the net asset value of the entities are used as a practical expedient.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:100.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:28.74pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.24pt;position:var(--position);text-decoration:none;white-space:pre;width:60.12pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.36pt;position:var(--position);text-decoration:none;white-space:pre;width:100.08pt">, we had an aggregate </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:247.44pt;position:var(--position);text-decoration:none;white-space:pre;width:61pt">$219.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.44pt;position:var(--position);text-decoration:none;white-space:pre;width:170.98pt"> asset-specific CECL reserve related to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:479.42pt;position:var(--position);text-decoration:none;white-space:pre;width:17.2pt">nine</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:496.62pt;position:var(--position);text-decoration:none;white-space:pre;width:56.7pt"> of our loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:112pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:213.2pt">receivable with an aggregate amortized cost basis of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.7pt;position:var(--position);text-decoration:none;white-space:pre;width:59.08pt">$695.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:330.78pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:333.28pt;position:var(--position);text-decoration:none;white-space:pre;width:220.18pt"> net of cost-recovery proceeds. The CECL reserve was</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:123.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:408.8pt">recorded based on our estimation of the fair value of the loans' aggregate underlying collateral as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:467.3pt;position:var(--position);text-decoration:none;white-space:pre;width:56.8pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:524.1pt;position:var(--position);text-decoration:none;white-space:pre;width:29.34pt">. These</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">loans receivable are therefore measured at fair value on a nonrecurring basis using significant unobservable inputs, and are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:146.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">classified as Level 3 assets in the fair value hierarchy. We estimated the fair value of the collateral underlying the loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:158pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">receivable by considering a variety of inputs including property performance, market data, and comparable sales, as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:169.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">applicable. The significant unobservable inputs employed include the exit capitalization rate assumption used to forecast</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:181pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:324.41pt">the future sale price of the underlying real estate collateral, which ranged from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:382.91pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">4.9%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:403.74pt;position:var(--position);text-decoration:none;white-space:pre;width:14.03pt"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:417.77pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">8.5%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:438.6pt;position:var(--position);text-decoration:none;white-space:pre;width:114.9pt">, and the unlevered discount</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:192.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:146.52pt">rate assumption, which ranged from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:205.02pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">9.3%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.85pt;position:var(--position);text-decoration:none;white-space:pre;width:12.77pt"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:238.62pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">15.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:47.76pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.25999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:72.19pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.45pt;position:var(--position);text-decoration:none;white-space:pre;width:3.62pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.07pt;position:var(--position);text-decoration:none;white-space:pre;width:58.06pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:240.13pt;position:var(--position);text-decoration:none;white-space:pre;width:112.94pt">, we acquired legal title to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:353.07pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:368.06pt;position:var(--position);text-decoration:none;white-space:pre;width:140.45pt"> owned real estate assets through </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.51pt;position:var(--position);text-decoration:none;white-space:pre;width:44.94pt">foreclosure</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:227.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:47.71pt">transactions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.21000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:447.27pt">. At the time of each acquisition, we determined the fair value of the real estate assets based on a variety of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">inputs, as applicable, including, but not limited to, estimated cash flow projections, leasing assumptions, required capital</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:250.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">expenditures, market data, and comparable sales. The owned real estate assets were measured at fair value on a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:262pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">nonrecurring basis using significant unobservable inputs and are classified as Level 3 assets in the fair value hierarchy. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:273.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">significant unobservable inputs employed include (i) the exit capitalization rate assumption used to forecast the future sale</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:159.24pt">price of the assets, which ranged from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:217.74pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">5.8%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:238.57pt;position:var(--position);text-decoration:none;white-space:pre;width:14.03pt"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.6pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">6.5%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:273.43pt;position:var(--position);text-decoration:none;white-space:pre;width:279.9pt">, and (ii) the unlevered discount rate assumption, which ranged from</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:296.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">8.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:79.33pt;position:var(--position);text-decoration:none;white-space:pre;width:12.77pt"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.1pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">11.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:117.93pt;position:var(--position);text-decoration:none;white-space:pre;width:39.95pt">. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:157.88pt;position:var(--position);text-decoration:none;white-space:pre;width:25.81pt">Notes </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:183.69pt;position:var(--position);text-decoration:none;white-space:pre;width:5pt">4</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:188.69pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.12pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">18</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:218.12pt;position:var(--position);text-decoration:none;white-space:pre;width:96.02pt"> for further information.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">We are also required by GAAP to disclose fair value information about financial instruments, which are not otherwise</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:331.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">reported at fair value in our consolidated balance sheet, to the extent it is practicable to estimate a fair value for those</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:343pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:459.68pt">instruments. These disclosure requirements exclude certain financial instruments and all non-financial instruments.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:518.1800000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:366.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">The following methods and assumptions are used to estimate the fair value of each class of financial instruments, for which</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:151.39pt">it is practicable to estimate that value:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:209.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:395.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:409.77pt">Cash and cash equivalents: The carrying amount of cash and cash equivalents approximates fair value.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:504.27pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:413pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.92pt">Loans receivable, net: The fair values of these loans were estimated using a discounted cash flow methodology,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.99pt">taking into consideration various factors including capitalization rates, discount rates, leasing, credit worthiness of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.89pt">major tenants, occupancy rates, availability and cost of financing, exit plan, loan sponsorship, actions of other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:103.49pt">lenders, and other factors.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:197.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:465pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.99pt">Derivative financial instruments: The fair value of our foreign currency and interest rate contracts was estimated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:476.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.9pt">using advice from a third-party derivative specialist, based on contractual cash flows and observable inputs</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:488pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:212.25pt">comprising foreign currency rates and credit spreads.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:306.75pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:505.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:172.34pt">Secured debt, net and other secured debt: </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:266.84000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:286.52pt">The fair value of these instruments was estimated based on the rate at</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:517pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.84pt">which a similar credit facility would currently be priced. Other secured debt is included in other liabilities in our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:112.89pt">consolidated balance sheets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:546pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.94pt">Securitized debt obligations, net: The fair value of these instruments was estimated by utilizing third-party pricing</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:557.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.88pt">service providers. In determining the value of a particular investment, pricing service providers may use broker-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:569pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.96pt">dealer quotations, reported trades, or valuation estimates from their internal pricing models to determine the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:580.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:58.25pt">reported price.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:598pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.95pt">Asset-specific debt, net: The fair value of these instruments was estimated based on the rate at which a similar</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:609.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:149.53pt">agreement would currently be priced.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:627pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.84pt">Loan participations sold, net: The fair value of these instruments was estimated based on the value of the related</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:638.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:85.13pt">loan receivable asset.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:656pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.97pt">Term loans, net: The fair value of these instruments was estimated by utilizing third-party pricing service</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:667.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.91pt">providers. In determining the value of a particular investment, pricing service providers may use broker-dealer</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:679pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.9pt">quotations, reported trades, or valuation estimates from their internal pricing models to determine the reported</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:690.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:22.46pt">price.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:116.96000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:708pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:459pt">Senior secured notes, net: The fair value of these instruments was estimated by utilizing third-party pricing service</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:719.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.91pt">providers. In determining the value of a particular investment, pricing service providers may use broker-dealer</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.9pt">quotations, reported trades, or valuation estimates from their internal pricing models to determine the reported</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:22.46pt">price.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:116.96000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.85pt">Convertible notes, net: Each series of the convertible notes is actively traded and their fair values were obtained</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:110.44pt">using quoted market prices.</span> 219500000 9 695200000 0.049 0.085 0.093 0.150 2 0.058 0.065 0.080 0.110 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:59.12pt">Income Taxes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:117.62pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">Our financial results generally do not reflect provisions for current or deferred income taxes on our REIT taxable income.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:153pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.81pt">We believe that we operate in a manner that will continue to allow us to be taxed as a REIT and, as a result, we generally</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:164.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.81pt">do not expect to pay substantial corporate level taxes other than those payable by our taxable REIT subsidiaries. If we were</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:176pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">to fail to meet these requirements, we may be subject to federal, state, and local income tax on current and past income, and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:187.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:75.44pt">penalties. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:133.94pt;position:var(--position);text-decoration:none;white-space:pre;width:31.92pt">Note 16</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:165.86pt;position:var(--position);text-decoration:none;white-space:pre;width:96.02pt"> for further information.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:116.9pt">Stock-Based Compensation</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:175.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">Our stock-based compensation consists of awards issued to our Manager, certain individuals employed by an affiliate of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:246pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">our Manager, and certain members of our board of directors that vest over the life of the awards, as well as deferred stock</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:257.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">units issued to certain members of our board of directors. Stock-based compensation expense is recognized for these</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:269pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">awards in net income on a variable basis over the applicable vesting period of the awards, based on the value of our class A</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:280.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:98.51pt">common stock. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:157.01pt;position:var(--position);text-decoration:none;white-space:pre;width:31.92pt">Note 17</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:188.93pt;position:var(--position);text-decoration:none;white-space:pre;width:96.02pt"> for further information.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:83.27pt">Earnings per Share</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:141.76999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:327.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">Basic earnings per share, or Basic EPS, is computed in accordance with the two-class method and is based on (i) the net</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:339pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">earnings allocable to our class A common stock, including restricted class A common stock and deferred stock units,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:350.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">divided by (ii) the weighted-average number of shares of our class A common stock, including restricted class A common</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:362pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">stock and deferred stock units outstanding during the period. Our restricted class A common stock is considered a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:373.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">participating security, as defined by GAAP, and has been included in our Basic EPS under the two-class method as these</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:385pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">restricted shares have the same rights as our other shares of class A common stock, including participating in any gains or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:396.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:26.37pt">losses.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:420pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">Diluted earnings per share, or Diluted EPS, is determined using the if-converted method, and is based on (i) the net</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:431.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">earnings, adjusted for interest expense incurred on our convertible notes during the relevant period, net of incentive fees,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:443pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">allocable to our class A common stock, including restricted class A common stock and deferred stock units, divided by (ii)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:454.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">the weighted-average number of shares of our class A common stock, including restricted class A common stock, deferred</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:466pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:412.98pt">stock units, and shares of class A common stock issuable under our convertible notes. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.48pt;position:var(--position);text-decoration:none;white-space:pre;width:33.97pt">Note 14</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:505.45pt;position:var(--position);text-decoration:none;white-space:pre;width:47.95pt"> for further</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:130.16pt">discussion of earnings per share.</span> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:76.85pt">Foreign Currency</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:135.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:524.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">In the normal course of business, we enter into transactions not denominated in United States, or U.S., dollars. Foreign</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:536pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">exchange gains and losses arising on such transactions are recorded as a gain or loss in our consolidated statements of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:547.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">operations. In addition, we consolidate entities that have a non-U.S. dollar functional currency. Non-U.S. dollar-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:559pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">denominated assets and liabilities are translated to U.S. dollars at the exchange rate prevailing at the reporting date and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:570.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">income, expenses, gains, and losses are translated at the average exchange rate over the applicable period. Cumulative</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:582pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">translation adjustments arising from the translation of non-U.S. dollar-denominated subsidiaries are recorded in other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:119.59pt">comprehensive income (loss).</span> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:154.87pt">Recent Accounting Pronouncements</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:640.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">In December 2025, the FASB issued Accounting Standards Update, or ASU, 2025-11, “Interim Reporting (Topic 270):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:652pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">Narrow Scope Improvements,” which amends the guidance in ASC 270, Interim Reporting. The update enhances interim</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:663.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">disclosure requirements by clarifying the information that must be presented in quarterly periods, including improved</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:675pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">transparency regarding significant events, accounting policy updates, and material developments that occur between annual</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:686.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">reporting dates. ASU 2025-11 also aligns certain interim reporting requirements more closely with annual disclosure</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:698pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">objectives to promote consistency and comparability. The amendments are effective for interim periods beginning after</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:709.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">December 15, 2027, and early adoption is permitted. We have not early adopted ASU 2025-11 and do not expect the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:721pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:373.46pt">adoption of ASU 2025-11 to have a material impact on our consolidated financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">In December 2025, the FASB issued ASU 2025-09, “Derivatives and Hedging (Topic 815): Hedge Accounting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">Improvements,” which amends the guidance in ASC 815, Derivatives and Hedging. The update refines certain hedge</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">accounting requirements, including clarifications to the designation and documentation criteria for hedge relationships,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:88.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">improvements to the assessment of hedge effectiveness, and enhanced disclosures intended to provide greater transparency</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:100pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">into an entity’s risk management activities involving derivatives. ASU 2025-09 is effective for annual periods beginning</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:111.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">after December 15, 2026, including interim periods within those annual periods, and early adoption is permitted. We have</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:123pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">not early adopted ASU 2025-09 and do not expect the adoption of ASU 2025-09 to have a material impact on our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:134.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:135.07pt">consolidated financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:158pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">In December 2025, the FASB issued ASU 2025-08, “Financial Instruments—Credit Losses (Topic 326): Purchased</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:169.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">Loans,” which clarifies the application of the CECL model to purchased loans, including purchased credit‑deteriorated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:181pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">loans, and enhances related disclosure requirements. ASU 2025-08 is effective for annual reporting periods beginning after</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:192.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">December 15, 2026, including interim periods within those annual periods. Early adoption is permitted. We have not early</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">adopted ASU 2025-08 and do not expect the adoption of ASU 2025-08 to have a material impact on our consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:215.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:82.08pt">financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">In July 2025, the FASB issued ASU 2025-05, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:250.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">Losses for Accounts Receivable and Contract Assets,” which amends the guidance in ASC 326. This update provides a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:262pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">practical expedient related to the estimation of expected credit losses for current accounts receivable and current contract</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:273.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">assets that arise from transactions accounted for under ASC 606. The amendment notes that in developing reasonable and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">supportable forecasts as part of estimating expected credit losses, all entities may elect a practical expedient that assumes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:296.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">that current conditions as of the balance sheet date do not change for the remaining life of the asset. ASU 2025-05 is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">effective for annual periods beginning after December 15, 2025, including interim periods within those annual periods, and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:319.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:242.37pt">early adoption is permitted. We recognize revenue from our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:300.87pt;position:var(--position);text-decoration:none;white-space:pre;width:165.81pt">Agency Multifamily Lending Partnership</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:466.68pt;position:var(--position);text-decoration:none;white-space:pre;width:86.79pt"> and income from our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:331pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">hospitality owned real estate assets pursuant to ASC 606. The adoption of ASU 2025-05 in 2026 did not have a material</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:342.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:193.07pt">impact on our consolidated financial statements.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:251.57pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:366pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">In May 2025, the FASB issued ASU 2025-03, “Business Combinations (Topic 805) and Consolidation (Topic 810):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:377.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity,” which amends the guidance in ASC</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:389pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">805. This update clarifies the determination of the accounting acquirer in business combinations that are primarily effected</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:400.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">through the exchange of equity interests and involve the acquisition of a VIE. Specifically, entities are now required to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:412pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">consider the factors outlined in ASC 805-10-55-12 through 55-15 when determining the accounting acquirer, rather than</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:423.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">defaulting to the primary beneficiary of the VIE as the accounting acquirer. ASU 2025-03 is effective for annual periods</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">beginning after December 15, 2026, including interim periods within those annual periods, and early adoption is permitted.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:446.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">We have not early adopted ASU 2025-03 and do not expect the adoption of ASU 2025-03 to have a material impact on our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:458pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:135.07pt">consolidated financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:481.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">In November 2024, the FASB issued ASU 2024-04 “Debt with Conversion and Other Options (Subtopic 470-20): Induced</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:493pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">Conversions of Convertible Debt Instruments,” or ASU 2024-04. ASU 2024-04 clarifies the accounting treatment for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:504.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">settlement of a convertible debt instrument as an induced conversion. ASU 2024-04 is effective on a prospective basis,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:516pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">with the option for retrospective application, for fiscal years beginning after December 15, 2025. The adoption of ASU</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:527.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:355.7pt">2024-04 in 2026 did not have a material impact on our consolidated financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:551pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">In November 2024, the FASB issued ASU 2024-03 “Expense Disaggregation Disclosures (Subtopic 220-40):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:562.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">Disaggregation of Income Statement Expenses,” or ASU 2024-03. ASU 2024-03 requires disclosures in the notes to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:574pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">financial statements on specified information about certain costs and expenses for each interim and annual reporting period.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:585.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">ASU 2024-03 is effective on either a prospective basis, with the option for retrospective application, for annual periods</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">beginning after December 15, 2026, and for interim periods within fiscal years beginning after December 15, 2027, and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:608.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">early adoption is permitted. We have not early adopted ASU 2024-03 and do not expect the adoption of ASU 2024-03 to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:620pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:256.56pt">have a material impact on our consolidated financial statements.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:none;white-space:pre">LOANS RECEIVABLE, NET</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:378.71pt">The following table details overall statistics for our loans receivable portfolio ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:437.21pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:89pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:333.75pt"></td><td style="padding:0;width:78.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:78.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.06pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:333.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:333.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Number of loans</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:12.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:51.39pt"></span></span><span style="left:54.02pt;position:var(--position)">133<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:12.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:51.39pt"></span></span><span style="left:54.02pt;position:var(--position)">131<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:333.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:333.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Principal balance</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:27.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.89pt"></span></span><span style="left:27.02pt;position:var(--position)">17,409,208<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:27.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.89pt"></span></span><span style="left:27.02pt;position:var(--position)">18,154,768<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:333.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:333.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net book value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:42.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.89pt"></span></span><span style="left:27.02pt;position:var(--position)">16,936,895<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:42.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.89pt"></span></span><span style="left:27.02pt;position:var(--position)">17,784,694<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:333.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:333.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Unfunded loan commitments</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:119.17999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:57.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:24.39pt"></span></span><span style="left:31.52pt;position:var(--position)">1,107,729<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:57.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:24.39pt"></span></span><span style="left:31.52pt;position:var(--position)">1,185,004<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:333.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:333.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Weighted-average cash coupon</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:128.02pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:72.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:44.45pt;position:var(--position)"></span><span style="left:44.45pt;position:var(--position)">+ 3.13<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:70.51pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:72.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:44.45pt;position:var(--position)"></span><span style="left:44.45pt;position:var(--position)">+ 3.19<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:70.51pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:333.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:333.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Weighted-average all-in yield</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:121.88pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:87.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:44.45pt;position:var(--position)"></span><span style="left:44.45pt;position:var(--position)">+ 3.35<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:70.51pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:87.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:44.45pt;position:var(--position)"></span><span style="left:44.45pt;position:var(--position)">+ 3.39<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:70.51pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:333.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:333.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Weighted-average maximum maturity (years)</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:185.43pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:102.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:58.87pt;position:var(--position);text-decoration:none;white-space:pre">2.8</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:102.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:58.87pt;position:var(--position);text-decoration:none;white-space:pre">2.5</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:211.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:221.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">Unfunded commitments will primarily be funded to finance our borrowers’ construction or development of real</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:233.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">estate-related assets, capital improvements of existing assets, or lease-related expenditures. These commitments will</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:244.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:370.05pt">generally be funded over the term of each loan, subject in certain cases to an expiration date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:256.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">The weighted-average cash coupon and all-in yield are expressed as a spread over the relevant floating benchmark</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:267.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:84.14pt">rates, which include </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.64pt;position:var(--position);text-decoration:none;white-space:pre;width:25pt"><span style="-sec-ix-hidden:f-541"><span style="-sec-ix-hidden:f-542">SOFR</span></span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.64pt;position:var(--position);text-decoration:none;white-space:pre;width:5.49pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.13pt;position:var(--position);text-decoration:none;white-space:pre;width:197.02pt">SONIA, EURIBOR, CORRA, and other indices,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.15pt;position:var(--position);text-decoration:none;white-space:pre;width:113.05pt"> as applicable to each loan. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:510.2pt;position:var(--position);text-decoration:none;white-space:pre;width:43.19pt">As of both</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:279.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:58.42pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.92000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:22.03pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:165.95pt;position:var(--position);text-decoration:none;white-space:pre;width:81.14pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:247.09pt;position:var(--position);text-decoration:none;white-space:pre;width:6.3pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.39pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">97%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.72pt;position:var(--position);text-decoration:none;white-space:pre;width:281.64pt"> of our loans by principal balance earned a floating rate of interest,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:290.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:86.14pt">primarily indexed to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:171.64pt;position:var(--position);text-decoration:none;white-space:pre;width:25pt">SOFR</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:196.64pt;position:var(--position);text-decoration:none;white-space:pre;width:68.1pt">. The remaining </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.74pt;position:var(--position);text-decoration:none;white-space:pre;width:13.33pt">3%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:278.07pt;position:var(--position);text-decoration:none;white-space:pre;width:263.78pt"> of our loans by principal balance earned a fixed rate of interest.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.85pt;position:var(--position);text-decoration:none;white-space:pre;width:3.19pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:545.04pt;position:var(--position);text-decoration:none;white-space:pre;width:8.33pt">In</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:302.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">addition to cash coupon, all-in yield includes the amortization of deferred origination and extension fees, loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:313.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:306.48pt">origination costs, and purchase discounts, as well as the accrual of exit fees.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:394.75pt;position:var(--position);text-decoration:none;white-space:pre;width:158.67pt">Excludes loans accounted for under the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:325.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:182.01pt">cost-recovery and nonaccrual methods, if any</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:267.51pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:336.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">Maximum maturity assumes all extension options are exercised by the borrower, however our loans may be repaid</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:348.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:80.41pt">prior to such date. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:165.91pt;position:var(--position);text-decoration:none;white-space:pre;width:357.67pt">Excludes loans accounted for under the cost-recovery and nonaccrual methods, if any</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:523.5799999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:17.55pt">. As</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.13pt;position:var(--position);text-decoration:none;white-space:pre;width:12.27pt"> of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:359.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:59.72pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.22pt;position:var(--position);text-decoration:none;white-space:pre;width:6.95pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">47%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:170.5pt;position:var(--position);text-decoration:none;white-space:pre;width:382.96pt"> of our loans by principal balance were subject to yield maintenance or other prepayment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:371.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:65.33pt">restrictions and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.82999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">53%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.16pt;position:var(--position);text-decoration:none;white-space:pre;width:3.26pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.42000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:265.34pt">were open to repayment by the borrower without penalty. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:437.76pt;position:var(--position);text-decoration:none;white-space:pre;width:80.06pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:517.8199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:5.76pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:523.5799999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">40%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:11.59pt"> of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:382.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:426.49pt">our loans by principal balance were subject to yield maintenance or other prepayment restrictions and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:511.99pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">60%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:530.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:23.1pt"> were</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:394.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:208.13pt">open to repayment by the borrower without penalty.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:417.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:348.75pt">The following table details the index rate floors for our loans receivable portfolio as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:407.25pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:463.07pt;position:var(--position);text-decoration:none;white-space:pre;width:69.68pt"> ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:441.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:261.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:261.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:261.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);width:229.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:229.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:53.58pt;position:var(--position);text-decoration:none;white-space:pre">Loans Receivable Principal Balance</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:261.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:261.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Index Rate Floors</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:12.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.13pt;position:var(--position);text-decoration:none;white-space:pre">USD</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:343.5pt;position:var(--position);top:12.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.67pt;position:var(--position);white-space:pre">Non-USD</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:50.52pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:12.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:28.02pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:261.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:261.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Fixed Rate</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:25.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.04pt"></span></span><span style="left:37.67pt;position:var(--position)">398,405<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:343.5pt;position:var(--position);top:25.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.04pt"></span></span><span style="left:37.67pt;position:var(--position)">135,273<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:25.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.04pt"></span></span><span style="left:37.67pt;position:var(--position)">533,678<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:261.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:261.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">0.00% or no floor</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:73.72pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:40.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">1,060,787</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:343.5pt;position:var(--position);top:40.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">3,701,597</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:40.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">4,762,384</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:261.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:261.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">0.01% to 1.00% floor</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:55.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">1,314,333</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:343.5pt;position:var(--position);top:55.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">1,286,448</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:55.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">2,600,781</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:261.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:261.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">1.01% to 2.00% floor</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:70.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.12pt;position:var(--position);text-decoration:none;white-space:pre">856,529</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:343.5pt;position:var(--position);top:70.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">1,651,960</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:70.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">2,508,489</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:261.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:261.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2.01% to 3.00% floor</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:85.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">5,754,709</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:343.5pt;position:var(--position);top:85.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.12pt;position:var(--position);text-decoration:none;white-space:pre">366,401</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:85.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">6,121,110</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:261.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:261.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">3.01% or more floor</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:100.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.12pt;position:var(--position);text-decoration:none;white-space:pre">608,673</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:343.5pt;position:var(--position);top:100.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.12pt;position:var(--position);text-decoration:none;white-space:pre">274,093</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:100.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.12pt;position:var(--position);text-decoration:none;white-space:pre">882,766</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:115.5pt;width:261.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:261.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);top:-2.626pt;white-space:pre">Total</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:35.7pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:115.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">9,993,436<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:343.5pt;position:var(--position);top:115.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">7,415,772<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:115.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.54pt"></span></span><span style="left:25.169999999999998pt;position:var(--position)">17,409,208<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:576.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:586.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:424.85pt">Includes Euro, British Pound Sterling, Swedish Krona, Australian Dollar, and Canadian Dollar currencies.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:110.41pt">Includes all impaired loans.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:195.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:609.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:26.48pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.98pt;position:var(--position);text-decoration:none;white-space:pre;width:57.86pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.84pt;position:var(--position);text-decoration:none;white-space:pre;width:383.65pt">, the weighted-average index rate floor of our floating-rate loans receivable principal balance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:620.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:19.14pt">was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.64pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">1.53%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:130.47pt;position:var(--position);text-decoration:none;white-space:pre;width:423.02pt">. Excluding 0.0% index rate floors and loans with no floor, the weighted-average index rate floor was</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:632.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">2.11%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.33pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:327.43pt">Activity relating to our loans receivable portfolio was as follows ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:77.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:395.25pt"></td><td style="padding:0;width:99.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:395.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:395.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);width:99.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:99.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.01pt;position:var(--position);white-space:pre">Net Book Value</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:76.74pt;position:var(--position);white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:395.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Loans Receivable, as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:100.55pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:12.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.04pt"></span></span><span style="left:50.67pt;position:var(--position)">18,069,134<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Loan fundings</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:27.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:57.12pt;position:var(--position);text-decoration:none;white-space:pre">1,451,838</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Loan repayments, sales, and cost-recovery proceeds</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:42.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.46pt;position:var(--position);text-decoration:none;white-space:pre">(1,820,897)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Charge-offs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:57.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:62.96pt;position:var(--position);text-decoration:none;white-space:pre">(75,071)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Transfer to owned real estate</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:72.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:57.96pt;position:var(--position);text-decoration:none;white-space:pre">(180,416)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:395.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);top:-2.626pt;white-space:pre">Transfer to other assets, net</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:130.14pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:87.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:62.96pt;position:var(--position);text-decoration:none;white-space:pre">(10,572)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Payment-in-kind interest, net of interest received</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:102.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:74.62pt;position:var(--position);text-decoration:none;white-space:pre">9,049</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Unrealized loss on foreign currency translation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:117.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:57.96pt;position:var(--position);text-decoration:none;white-space:pre">(121,642)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:395.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);top:-2.626pt;white-space:pre">Deferred fees and other items</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:138.17000000000002pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:132.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:62.96pt;position:var(--position);text-decoration:none;white-space:pre">(21,046)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:395.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);top:-2.626pt;white-space:pre">Amortization of fees and other items</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:166.76pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:147.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:69.62pt;position:var(--position);text-decoration:none;white-space:pre">34,353</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162.75pt;width:395.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Loans Receivable, as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:100.55pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:162.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.04pt"></span></span><span style="left:50.67pt;position:var(--position)">17,334,730<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:177.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:57.96pt;position:var(--position);text-decoration:none;white-space:pre">(397,835)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:192.75pt;width:395.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Loans Receivable, net, as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:117.75pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:192.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.04pt"></span></span><span style="left:50.67pt;position:var(--position)">16,936,895<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:290.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:301.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">This amount relates to intangible and other assets recorded in connection with a loan that was transferred to owned</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:313.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:252.98pt">real estate, net of any liabilities recorded upon acquisition. See </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.48pt;position:var(--position);text-decoration:none;white-space:pre;width:26.92pt">Note 6</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.4pt;position:var(--position);text-decoration:none;white-space:pre;width:96.02pt"> for further information.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:324.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:141.38pt">Other items primarily consist of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:226.88pt;position:var(--position);text-decoration:none;white-space:pre;width:326.6pt">purchase and sale discounts or premiums, exit fees, and deferred origination</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:336.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:36.07pt">expenses</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.57pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">The tables below detail the property type and geographic distribution of the properties securing the loans in our loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:148.17pt">receivable portfolio ($ in thousands):</span></div><div style="position:var(--position);top:77pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:150pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:85.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:85.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:92.25pt"></td></tr><tr style="height:13.5pt"><td colspan="9" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:495pt"><div><div style="line-height:8pt;position:var(--position);top:4.87pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:224.28pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:13.5pt;width:150pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Property Type</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:13.5pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.9pt;position:var(--position);text-decoration:none;white-space:pre">Number of Loans</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:13.5pt;width:85.5pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.88pt;position:var(--position);text-decoration:none;white-space:pre">Net Book Value</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:13.5pt;width:85.5pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:85.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.63pt;position:var(--position);white-space:pre">Net Loan Exposure</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:72.8pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:13.5pt;width:92.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.04pt;position:var(--position);text-decoration:none;white-space:pre">Net Loan Exposure </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.83pt;position:var(--position);text-decoration:none;white-space:pre">Percentage of Portfolio</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:35.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Industrial</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:35.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">24</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:35.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:41.42pt;position:var(--position)">4,503,186<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:35.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:41.42pt;position:var(--position)">4,195,901<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:35.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.9pt;position:var(--position);text-decoration:none;white-space:pre">26%</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Multifamily</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:49.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">46</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:49.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">4,161,897</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:49.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">3,994,054</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:49.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">25</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Office</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:63.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">34</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:63.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">4,461,290</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:63.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">3,967,961</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:63.75pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">25</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Hospitality</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:78pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">10</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:78pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,743,045</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:78pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,656,740</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:78pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">10</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Retail</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:92.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">8</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:92.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">822,936</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:92.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">744,291</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:92.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">5</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Self-storage</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:107.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:107.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">642,244</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:107.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">479,964</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:107.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:121.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Life Sciences / Studio</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:121.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:121.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">284,772</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:121.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">266,408</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:121.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135.75pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:135.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:135.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">715,360</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:135.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">713,113</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:135.75pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:150pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total loans receivable</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:150pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.37pt;position:var(--position);text-decoration:none;white-space:pre">133</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:150pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">17,334,730<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:150pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">16,018,432<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:150pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.4pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:164.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:164.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(397,835)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:178.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:178.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">16,936,895<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:204pt;width:150pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Geographic Location</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:204pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.9pt;position:var(--position);text-decoration:none;white-space:pre">Number of Loans</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:204pt;width:85.5pt"><div><div style="line-height:8pt;position:var(--position);top:12.99pt;width:85.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.88pt;position:var(--position);white-space:pre">Net Book Value</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:69.61pt;position:var(--position);white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:204pt;width:85.5pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:85.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.63pt;position:var(--position);white-space:pre">Net Loan Exposure</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:72.8pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:204pt;width:92.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.04pt;position:var(--position);text-decoration:none;white-space:pre">Net Loan Exposure </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.83pt;position:var(--position);text-decoration:none;white-space:pre">Percentage of Portfolio</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:225.75pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:225.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:225.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:225.75pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:240pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Sunbelt</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:240pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">47</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:240pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:41.42pt;position:var(--position)">4,771,723<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:240pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:41.42pt;position:var(--position)">3,980,482<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:240pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.9pt;position:var(--position);text-decoration:none;white-space:pre">25%</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:254.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Northeast</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:254.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">19</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:254.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">2,132,423</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:254.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">2,028,575</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:254.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">13</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:268.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">West</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:268.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">23</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:268.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,858,650</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:268.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,774,545</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:268.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">11</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:282.75pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Midwest</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:282.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:282.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">637,152</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:282.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">506,250</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:282.75pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:297pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Northwest</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:297pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:297pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">476,987</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:297pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">472,722</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:297pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:311.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Subtotal</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:311.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">98</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:311.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">9,876,935</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:311.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">8,762,574</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:311.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">55</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:325.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">International</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:339.75pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">United Kingdom</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:339.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">16</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:339.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">2,680,430</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:339.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">2,667,644</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:339.75pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">17</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:354pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Australia</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:354pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:354pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,181,561</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:354pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,175,243</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:354pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">7</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:368.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Ireland</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:368.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:368.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,000,931</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:368.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">990,480</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:368.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:382.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Spain</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:382.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:382.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">657,798</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:382.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">654,260</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:382.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:396.75pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Sweden</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:396.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:396.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">477,022</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:396.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">475,327</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:396.75pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:411pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Canada</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:411pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:411pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">440,265</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:411pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">278,678</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:411pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:425.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Other Europe</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:425.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">7</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:425.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">958,513</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:425.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">953,482</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:425.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:439.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Other International</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:439.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:439.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:55.37pt;position:var(--position);text-decoration:none;white-space:pre">61,275</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:439.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:55.37pt;position:var(--position);text-decoration:none;white-space:pre">60,744</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:439.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:454.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Subtotal</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:454.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">35</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:454.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">7,457,795</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:454.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">7,255,858</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:454.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">45</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:468.75pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total loans receivable</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:468.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.37pt;position:var(--position);text-decoration:none;white-space:pre">133</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:468.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">17,334,730<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:468.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">16,018,432<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:468.75pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.4pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:483pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:483pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(397,835)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:497.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:497.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">16,936,895<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;position:var(--position);top:593.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:0pt;left:61pt;position:var(--position);top:2.43pt;width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:605pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:407.7pt">Net loan exposure reflects the amount of each loan that is subject to risk of credit loss to us as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.2pt;position:var(--position);text-decoration:none;white-space:pre;width:57.68pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:615.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:170.04pt">which is our principal balance net of (i) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.54pt;position:var(--position);text-decoration:none;white-space:pre;width:60.06pt">$972.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:315.6pt;position:var(--position);text-decoration:none;white-space:pre;width:112.57pt"> of asset-specific debt, (ii) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.17pt;position:var(--position);text-decoration:none;white-space:pre;width:55.06pt">$20.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:483.23pt;position:var(--position);text-decoration:none;white-space:pre;width:70.12pt"> of cost-recovery</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:626pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:252.68pt">proceeds, and (iii) our total loans receivable CECL reserve of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.18pt;position:var(--position);text-decoration:none;white-space:pre;width:59.29pt">$397.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.47pt;position:var(--position);text-decoration:none;white-space:pre;width:5.44pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:402.91pt;position:var(--position);text-decoration:none;white-space:pre;width:150.45pt">Our asset-specific debt is structurally</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:636.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:277.43pt">non-recourse and term-matched to the corresponding collateral loans.</span></div></div><div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:150pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:66.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:85.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:85.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:92.25pt"></td></tr><tr style="height:12.75pt"><td colspan="9" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:495pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:215.19pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:150pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Property Type</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:12.75pt;width:66.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.4pt;position:var(--position);text-decoration:none;white-space:pre">Number of Loans</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:12.75pt;width:85.5pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.88pt;position:var(--position);text-decoration:none;white-space:pre">Net Book Value</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:12.75pt;width:85.5pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:85.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.63pt;position:var(--position);white-space:pre">Net Loan Exposure</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:72.8pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:12.75pt;width:92.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.04pt;position:var(--position);text-decoration:none;white-space:pre">Net Loan Exposure </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.83pt;position:var(--position);text-decoration:none;white-space:pre">Percentage of Portfolio</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Office</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:34.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">37</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:34.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:41.42pt;position:var(--position)">4,879,422<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:34.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:41.42pt;position:var(--position)">4,556,980<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:34.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.9pt;position:var(--position);text-decoration:none;white-space:pre">27%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Multifamily</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:49.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">46</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:49.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">4,457,767</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:49.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">4,305,534</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:49.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">26</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Industrial</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:64.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">21</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:64.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">4,458,487</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:64.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">4,114,141</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:64.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">24</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:79.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Hospitality</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:79.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">12</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:79.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,940,693</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:79.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,827,133</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:79.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">11</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Retail</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:94.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:94.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">674,612</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:94.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">596,204</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:94.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Self-storage</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:109.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:109.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">659,515</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:109.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">492,376</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:109.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:124.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Life Sciences/Studio</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:124.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:124.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">284,079</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:124.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">277,373</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:124.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:139.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:139.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:139.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">714,559</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:139.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">676,293</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:139.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total loans receivable</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:154.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:26.81pt;position:var(--position);text-decoration:none;white-space:pre">131</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:154.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">18,069,134<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:154.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">16,846,034<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:154.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.4pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:169.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:169.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(284,440)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:184.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:184.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">17,784,694<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:209.25pt;width:150pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Geographic Location</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:209.25pt;width:66.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.4pt;position:var(--position);text-decoration:none;white-space:pre">Number of Loans</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:209.25pt;width:85.5pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.88pt;position:var(--position);text-decoration:none;white-space:pre">Net Book Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:209.25pt;width:85.5pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:85.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.63pt;position:var(--position);white-space:pre">Net Loan Exposure</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:72.8pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:209.25pt;width:92.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.04pt;position:var(--position);text-decoration:none;white-space:pre">Net Loan Exposure </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.83pt;position:var(--position);text-decoration:none;white-space:pre">Percentage of Portfolio</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:231pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:231pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:231pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:231pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:246pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Sunbelt</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:246pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">45</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:246pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:41.42pt;position:var(--position)">4,715,039<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:246pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:41.42pt;position:var(--position)">3,918,928<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:246pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.9pt;position:var(--position);text-decoration:none;white-space:pre">23%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:261pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">West</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:261pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">23</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:261pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,963,032</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:261pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,872,531</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:261pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">11</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:276pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Northeast</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:276pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">17</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:276pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,893,877</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:276pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,800,387</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:276pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">11</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:291pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Midwest</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:291pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:291pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">619,726</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:291pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">609,433</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:291pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:306pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Northwest</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:306pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:306pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">457,215</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:306pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">454,507</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:306pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:321pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Subtotal</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:321pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">94</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:321pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">9,648,889</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:321pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">8,655,786</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:321pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">52</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:336pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">International</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:351pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">United Kingdom</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:351pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">19</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:351pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">3,595,424</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:351pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">3,582,983</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:351pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">21</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:366pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Ireland</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:366pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:366pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,141,770</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:366pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,135,749</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:366pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">7</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:381pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Australia</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:381pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:381pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,104,765</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:381pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,110,648</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:381pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">7</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:396pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Spain</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:396pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:396pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">684,109</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:396pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">638,112</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:396pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:411pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Sweden</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:411pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:411pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">502,124</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:411pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">500,917</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:411pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:426pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Canada</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:426pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:426pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">455,407</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:426pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">288,504</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:426pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:441pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Other Europe</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:441pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:441pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">875,579</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:441pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">872,527</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:441pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:456pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Other International</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:456pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:456pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:55.37pt;position:var(--position);text-decoration:none;white-space:pre">61,067</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:456pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:55.37pt;position:var(--position);text-decoration:none;white-space:pre">60,808</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:456pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.06pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:471pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Subtotal</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:471pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">37</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:471pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">8,420,245</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:471pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">8,190,248</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:471pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">48</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:486pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total loans receivable</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:486pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:26.81pt;position:var(--position);text-decoration:none;white-space:pre">131</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:486pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">18,069,134<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:486pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">16,846,034<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:486pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.4pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:501pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:501pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.71pt;position:var(--position);text-decoration:none;white-space:pre">(284,440)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:516pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:516pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">17,784,694<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;position:var(--position);top:590pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:112.5pt;position:var(--position)"><span style="display:inline-block;height:8.32pt;width:18pt"></span></span></span><div style="font-size:0pt;left:58.5pt;position:var(--position);top:3.82pt;width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:604.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:7.22pt">N</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.72pt;position:var(--position);text-decoration:none;white-space:pre;width:403.63pt">et loan exposure reflects the amount of each loan that is subject to risk of credit loss to us as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:496.35pt;position:var(--position);text-decoration:none;white-space:pre;width:57.12pt">December 31,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:614.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:105.5pt;position:var(--position);text-decoration:none;white-space:pre;width:180.66pt">, which is our principal balance net of (i) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:286.15999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:60.55pt">$999.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.71pt;position:var(--position);text-decoration:none;white-space:pre;width:115.02pt"> of asset-specific debt, (ii) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:461.73pt;position:var(--position);text-decoration:none;white-space:pre;width:55.55pt">$24.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:517.28pt;position:var(--position);text-decoration:none;white-space:pre;width:36.15pt"> of cost-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:625.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:44.25pt">recovery p</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:129.75pt;position:var(--position);text-decoration:none;white-space:pre;width:261.28pt">roceeds, and (iii) our total loans receivable CECL reserve of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.03pt;position:var(--position);text-decoration:none;white-space:pre;width:60.65pt">$284.4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:451.68pt;position:var(--position);text-decoration:none;white-space:pre;width:25.52pt">. See </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.2pt;position:var(--position);text-decoration:none;white-space:pre;width:28.72pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:505.92pt;position:var(--position);text-decoration:none;white-space:pre;width:47.45pt"> for further</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:635.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">discussion of loan participations sold. Our asset-specific debt is structurally non-recourse and term-matched to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:646.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:122.9pt">corresponding collateral loans.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:58.5pt;position:var(--position);width:81.93pt">Loan Risk Ratings <span style="display:inline-block;height:6.77pt;width:26.07pt"></span></span><span style="left:166.5pt;position:var(--position);width:0pt"><span style="display:inline-block;height:6.77pt;width:36pt"></span></span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:96.43pt">As further described in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:154.93pt;position:var(--position);text-decoration:none;white-space:pre;width:27.44pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.37pt;position:var(--position);text-decoration:none;white-space:pre;width:123.01pt">, we evaluate our loan portfoli</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:305.38pt;position:var(--position);text-decoration:none;white-space:pre;width:67.57pt">o on a quarterly </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:372.95pt;position:var(--position);text-decoration:none;white-space:pre;width:180.45pt">basis. In conjunction with our quarterly loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:82.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">portfolio review, we assess the risk factors of each loan, and assign a risk rating based on several factors. Factors</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">considered in the assessment include, but are not limited to, risk of loss, origination LTV, debt yield, collateral</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:105.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">performance, structure, exit plan, and sponsorship. Loans are rated “1” (less risk) through “5” (greater risk), which ratings</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:57.42pt">are defined in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.92pt;position:var(--position);text-decoration:none;white-space:pre;width:26.92pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:142.84pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:140.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">The following tables allocate the net book value and net loan exposure balances based on our internal risk ratings ($ in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:152.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:46.08pt">thousands):</span></div><div style="position:var(--position);top:163.7pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:144pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:129.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:129.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);width:347.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:347.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:150.41pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:144pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:144pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:51.68pt;position:var(--position);white-space:pre">Risk Rating</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.15pt;position:var(--position);white-space:pre">Number of Loans</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:12.75pt;width:129.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:38.01pt;position:var(--position);text-decoration:none;white-space:pre">Net Book Value</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:12.75pt;width:129.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:129.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:28.76pt;position:var(--position);white-space:pre">Net Loan Exposure</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:94.93pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:37.87pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:25.5pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:94.13pt"></span></span><span style="left:101.25999999999999pt;position:var(--position)">60,896<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:25.5pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:94.13pt"></span></span><span style="left:101.25999999999999pt;position:var(--position)">61,025<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39.75pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:39.75pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">21</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:39.75pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.12pt;position:var(--position);text-decoration:none;white-space:pre">2,884,735</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:39.75pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.12pt;position:var(--position);text-decoration:none;white-space:pre">2,715,318</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:54pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">85</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:54pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:86.62pt;position:var(--position);text-decoration:none;white-space:pre">11,667,474</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:54pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:86.62pt;position:var(--position);text-decoration:none;white-space:pre">10,798,610</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:68.25pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">17</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:68.25pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.12pt;position:var(--position);text-decoration:none;white-space:pre">2,026,473</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:68.25pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.12pt;position:var(--position);text-decoration:none;white-space:pre">1,969,169</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:82.5pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">5</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:82.5pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:37.87pt;position:var(--position);text-decoration:none;white-space:pre">9</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:82.5pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:97.87pt;position:var(--position);text-decoration:none;white-space:pre">695,152</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:82.5pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:97.87pt;position:var(--position);text-decoration:none;white-space:pre">474,310</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96.75pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total loans receivable</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:96.75pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:33.37pt;position:var(--position);text-decoration:none;white-space:pre">133</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:96.75pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:78.38pt"></span></span><span style="left:85.50999999999999pt;position:var(--position)">17,334,730<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:96.75pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:78.38pt"></span></span><span style="left:85.50999999999999pt;position:var(--position)">16,018,432<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:111pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.89pt;position:var(--position);text-decoration:none;white-space:pre">(397,835)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:125.25pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:125.25pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:78.38pt"></span></span><span style="left:85.50999999999999pt;position:var(--position)">16,936,895<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:6pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:145.5pt;width:347.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:347.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:141.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:158.25pt;width:144pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:144pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:51.68pt;position:var(--position);white-space:pre">Risk Rating</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:158.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.15pt;position:var(--position);white-space:pre">Number of Loans</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:158.25pt;width:129.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:129.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:38.01pt;position:var(--position);white-space:pre">Net Book Value</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:158.25pt;width:129.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:129.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:28.76pt;position:var(--position);white-space:pre">Net Loan Exposure</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:94.93pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:171pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:37.87pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:171pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:89.63pt"></span></span><span style="left:96.75999999999999pt;position:var(--position)">303,971<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:171pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:89.63pt"></span></span><span style="left:96.75999999999999pt;position:var(--position)">302,564<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:185.25pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:185.25pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">20</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:185.25pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.12pt;position:var(--position);text-decoration:none;white-space:pre">2,875,870</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:185.25pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.12pt;position:var(--position);text-decoration:none;white-space:pre">2,704,222</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:199.5pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:199.5pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">85</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:199.5pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:86.62pt;position:var(--position);text-decoration:none;white-space:pre">11,907,947</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:199.5pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:86.62pt;position:var(--position);text-decoration:none;white-space:pre">11,045,913</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:213.75pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:213.75pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">17</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:213.75pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.12pt;position:var(--position);text-decoration:none;white-space:pre">2,806,758</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:213.75pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.12pt;position:var(--position);text-decoration:none;white-space:pre">2,705,706</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:228pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">5</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:228pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:37.87pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:228pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:97.87pt;position:var(--position);text-decoration:none;white-space:pre">174,588</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:228pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:102.37pt;position:var(--position);text-decoration:none;white-space:pre">87,629</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:242.25pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total loans receivable</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:242.25pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:33.37pt;position:var(--position);text-decoration:none;white-space:pre">131</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:242.25pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:78.38pt"></span></span><span style="left:85.50999999999999pt;position:var(--position)">18,069,134<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:242.25pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:78.38pt"></span></span><span style="left:85.50999999999999pt;position:var(--position)">16,846,034<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:256.5pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:256.5pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.89pt;position:var(--position);text-decoration:none;white-space:pre">(284,440)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:270.75pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:270.75pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:78.38pt"></span></span><span style="left:85.50999999999999pt;position:var(--position)">17,784,694<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:453.7pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:463.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:407.7pt">Net loan exposure reflects the amount of each loan that is subject to risk of credit loss to us as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.2pt;position:var(--position);text-decoration:none;white-space:pre;width:57.68pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:475.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:170.04pt">which is our principal balance net of (i) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.54pt;position:var(--position);text-decoration:none;white-space:pre;width:60.06pt">$972.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:315.6pt;position:var(--position);text-decoration:none;white-space:pre;width:112.57pt"> of asset-specific debt, (ii) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.17pt;position:var(--position);text-decoration:none;white-space:pre;width:55.06pt">$20.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:483.23pt;position:var(--position);text-decoration:none;white-space:pre;width:70.12pt"> of cost-recovery</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:486.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:275.08pt">proceeds, and (iii) our total loans receivable CECL reserve of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.58pt;position:var(--position);text-decoration:none;white-space:pre;width:61.53pt">$397.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:422.11pt;position:var(--position);text-decoration:none;white-space:pre;width:131.26pt">. Our net loan exposure as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:498.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.7pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:164.2pt;position:var(--position);text-decoration:none;white-space:pre;width:98.88pt"> is our principal balance </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:263.08000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:37.7pt">net of (i) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:300.78pt;position:var(--position);text-decoration:none;white-space:pre;width:58.93pt">$999.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:359.71pt;position:var(--position);text-decoration:none;white-space:pre;width:106.92pt"> of asset-specific debt, (ii) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:466.63pt;position:var(--position);text-decoration:none;white-space:pre;width:53.93pt">$24.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:520.56pt;position:var(--position);text-decoration:none;white-space:pre;width:32.91pt"> of cost-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:509.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:297.83pt">recovery proceeds, and (iii) our total loans receivable CECL reserve of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:383.33pt;position:var(--position);text-decoration:none;white-space:pre;width:59.95pt">$284.4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:443.28pt;position:var(--position);text-decoration:none;white-space:pre;width:110.1pt">. Our asset-specific debt is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:521.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:325.42pt">structurally non-recourse and term-matched to the corresponding collateral loans.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:544.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:236.51pt">Our loan portfolio had a weighted-average risk rating of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:295.01pt;position:var(--position);text-decoration:none;white-space:pre;width:12.5pt">3.0</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:307.51pt;position:var(--position);text-decoration:none;white-space:pre;width:121.18pt">, based on net loan exposure,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.69pt;position:var(--position);text-decoration:none;white-space:pre;width:3.59pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:432.28pt;position:var(--position);text-decoration:none;white-space:pre;width:45.19pt">as of both </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.47pt;position:var(--position);text-decoration:none;white-space:pre;width:58pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:535.47pt;position:var(--position);text-decoration:none;white-space:pre;width:18.02pt"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:556.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Current Expected Credit Loss Reserve </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">The CECL reserves required under GAAP reflect our current estimate of potential credit losses related to the loans included</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:188.06pt">in our consolidated balance sheets. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:246.56pt;position:var(--position);text-decoration:none;white-space:pre;width:28.58pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:275.14pt;position:var(--position);text-decoration:none;white-space:pre;width:196.18pt"> for further discussion of our CECL reserves. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.32pt;position:var(--position);text-decoration:none;white-space:pre;width:82.11pt">The following table</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:354.25pt">presents the activity in our loans receivable CECL reserve by investment pool for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:412.75pt;position:var(--position);text-decoration:none;white-space:pre;width:79.87pt">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:492.62pt;position:var(--position);text-decoration:none;white-space:pre;width:3.31pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:495.93pt;position:var(--position);text-decoration:none;white-space:pre;width:57.44pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:16.93pt">and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:75.43pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:95.43pt;position:var(--position);text-decoration:none;white-space:pre;width:69.68pt"> ($ in thousands):</span></div><div style="position:var(--position);top:117.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:216.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:216.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.99pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.05pt;position:var(--position);white-space:pre">U.S. Loans</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:42.14pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.08pt;position:var(--position);text-decoration:none;white-space:pre">Non-U.S.</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.18pt;position:var(--position);text-decoration:none;white-space:pre"> Loans</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.19pt;position:var(--position);text-decoration:none;white-space:pre">Unique</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.18pt;position:var(--position);text-decoration:none;white-space:pre"> Loans</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.64pt;position:var(--position);text-decoration:none;white-space:pre">Impaired</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.18pt;position:var(--position);text-decoration:none;white-space:pre"> Loans</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.52pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21.75pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans Receivable, Net</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:21.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:21.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:21.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:21.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:21.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36.75pt;width:216.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);white-space:pre">CECL reserves as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.9pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:36.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">101,180<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:36.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">45,470<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:36.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">50,465<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:36.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">87,325<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:36.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">284,440<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40pt;position:var(--position);text-decoration:none;white-space:pre">Increase (decrease) in CECL reserves</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:51.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.12pt;position:var(--position);text-decoration:none;white-space:pre">15,673</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:51.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.46pt;position:var(--position);text-decoration:none;white-space:pre">(6,305)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:51.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">182</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:51.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.12pt;position:var(--position);text-decoration:none;white-space:pre">44,051</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:51.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">53,601<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40pt;position:var(--position);text-decoration:none;white-space:pre">Charge-offs of CECL reserves</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:66.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:66.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:66.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:66.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.46pt;position:var(--position);text-decoration:none;white-space:pre">(46,451)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:66.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">(46,451)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81.75pt;width:216.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);white-space:pre">CECL reserves as of March 31, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:148.48pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:81.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">116,853<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:81.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">39,165<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:81.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">50,647<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:81.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">84,925<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:81.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">291,590<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96.75pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40pt;position:var(--position);text-decoration:none;white-space:pre">Increase (decrease) in CECL reserves</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:96.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">980</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:96.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.12pt;position:var(--position);text-decoration:none;white-space:pre">21,358</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:96.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.46pt;position:var(--position);text-decoration:none;white-space:pre">(50,647)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:96.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18.12pt;position:var(--position);text-decoration:none;white-space:pre">163,174</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:96.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">134,865<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40pt;position:var(--position);text-decoration:none;white-space:pre">Charge-offs of CECL reserves</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:111.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:111.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:111.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:111.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.46pt;position:var(--position);text-decoration:none;white-space:pre">(28,620)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:111.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">(28,620)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126.75pt;width:216.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);white-space:pre">CECL reserves as of June 30, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.72pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:126.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">117,833<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:126.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">60,523<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:126.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:126.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">219,479<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:126.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">397,835<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:157.5pt;width:216.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);white-space:pre">CECL reserves as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.9pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:157.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">80,057<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:157.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">26,141<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:157.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">47,087<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:157.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">580,651<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:157.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">733,936<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:172.5pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40pt;position:var(--position);text-decoration:none;white-space:pre">Increase in CECL reserves</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:172.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">17,604<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:172.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">13,796<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:172.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.04pt"></span></span><span style="left:26.669999999999998pt;position:var(--position)">1,477<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:172.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">16,552<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:172.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">49,429<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:187.5pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40pt;position:var(--position);text-decoration:none;white-space:pre">Charge-offs of CECL reserves</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:187.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:187.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:187.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:187.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">(41,824)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:187.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">(41,824)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:202.5pt;width:216.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);white-space:pre">CECL reserves as of March 31, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:148.48pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:202.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">97,661<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:202.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">39,937<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:202.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">48,564<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:202.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">555,379<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:202.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">741,541<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:217.5pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40pt;position:var(--position);text-decoration:none;white-space:pre">(Decrease) increase in CECL reserves</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:217.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.71pt"></span></span><span style="left:23.34pt;position:var(--position)">(6,759)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:217.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.71pt"></span></span><span style="left:23.34pt;position:var(--position)">(1,568)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:217.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.04pt"></span></span><span style="left:26.669999999999998pt;position:var(--position)">4,249<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:217.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">48,445<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:217.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">44,367<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:232.5pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40pt;position:var(--position);text-decoration:none;white-space:pre">Charge-offs of CECL reserves</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:232.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:232.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:232.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:232.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">(45,057)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:232.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">(45,057)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:247.5pt;width:216.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);white-space:pre">CECL reserves as of June 30, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:247.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">90,902<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:247.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">38,369<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:247.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">52,813<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:247.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">558,767<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:247.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">740,851<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;position:var(--position);top:385pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:112.5pt;position:var(--position)"><span style="display:inline-block;height:8.32pt;width:18pt"></span></span></span><div style="font-size:0pt;left:58.5pt;position:var(--position);top:5.32pt;width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:401.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:36.35pt">Includes </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.85pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:136.28pt;position:var(--position);text-decoration:none;white-space:pre;width:230.56pt"> U.S. dollar-denominated loan that is located in Bermuda.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:366.84pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:46.58pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:105.08pt;position:var(--position);text-decoration:none;white-space:pre;width:79.31pt">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:184.39pt;position:var(--position);text-decoration:none;white-space:pre;width:3.03pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:187.42pt;position:var(--position);text-decoration:none;white-space:pre;width:56.88pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.3pt;position:var(--position);text-decoration:none;white-space:pre;width:80.88pt">, we recorded a net </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:325.18pt;position:var(--position);text-decoration:none;white-space:pre;width:32.71pt">increase</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:357.89pt;position:var(--position);text-decoration:none;white-space:pre;width:3.03pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.92pt;position:var(--position);text-decoration:none;white-space:pre;width:11.36pt">of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:372.28pt;position:var(--position);text-decoration:none;white-space:pre;width:59.38pt">$106.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:431.66pt;position:var(--position);text-decoration:none;white-space:pre;width:3.03pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.69pt;position:var(--position);text-decoration:none;white-space:pre;width:118.63pt">in the CECL reserves against</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:215.48pt">our loans receivable portfolio, primarily driven by a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:273.98pt;position:var(--position);text-decoration:none;white-space:pre;width:59.53pt">$134.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:333.51pt;position:var(--position);text-decoration:none;white-space:pre;width:3.18pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.69pt;position:var(--position);text-decoration:none;white-space:pre;width:32.71pt">increase</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:369.4pt;position:var(--position);text-decoration:none;white-space:pre;width:184.1pt"> in our asset-specific CECL reserve, partially</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.12pt">offset by a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:107.62pt;position:var(--position);text-decoration:none;white-space:pre;width:55.33pt">$28.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:162.95pt;position:var(--position);text-decoration:none;white-space:pre;width:3.98pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:166.93pt;position:var(--position);text-decoration:none;white-space:pre;width:34.37pt">decrease</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:201.3pt;position:var(--position);text-decoration:none;white-space:pre;width:352.16pt"> in our general CECL reserve, bringing our total loans receivable CECL reserves to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:59.22pt">$397.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:117.72pt;position:var(--position);text-decoration:none;white-space:pre;width:25.26pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:142.98000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:56.56pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.54pt;position:var(--position);text-decoration:none;white-space:pre;width:23.77pt">. The </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:223.31pt;position:var(--position);text-decoration:none;white-space:pre;width:32.71pt">increase</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:256.02pt;position:var(--position);text-decoration:none;white-space:pre;width:177.76pt"> in our asset-specific reserve was driven by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:433.78pt;position:var(--position);text-decoration:none;white-space:pre;width:19.96pt">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:453.74pt;position:var(--position);text-decoration:none;white-space:pre;width:99.7pt"> additional loans with an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:470.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:135.75pt">aggregate amortized cost basis of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.25pt;position:var(--position);text-decoration:none;white-space:pre;width:58.87pt">$502.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.12pt;position:var(--position);text-decoration:none;white-space:pre;width:123.3pt"> that were impaired during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:376.42pt;position:var(--position);text-decoration:none;white-space:pre;width:78.29pt">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:454.71pt;position:var(--position);text-decoration:none;white-space:pre;width:2.52pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:457.23pt;position:var(--position);text-decoration:none;white-space:pre;width:55.86pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:513.0899999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:40.29pt">, of which</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:482.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:376.28pt">two are secured by office properties, and the other is secured by an office/mixed-use asset. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.78pt;position:var(--position);text-decoration:none;white-space:pre;width:118.59pt">The office sector recovery in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:493.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">certain markets has continued to lag other commercial real estate sectors, which has, in certain cases, extended business</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:505.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">plans on transitional properties and impacted their performance, affecting some borrowers’ willingness and ability to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:516.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:133.31pt">continue to support their assets. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.81pt;position:var(--position);text-decoration:none;white-space:pre;width:361.55pt">Impairments are determined individually as a result of changes in specific credit quality</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">factors for such loans. These factors include, among others, (i) the performance of the underlying property collateral, (ii)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:539.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">discussions with the borrower, (iii) borrower events of default, and (iv) other facts and circumstances affecting the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:551.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:392.21pt">borrower’s willingness and ability to satisfy its contractual obligations under the terms of the loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:450.71pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:453.21pt;position:var(--position);text-decoration:none;white-space:pre;width:48.23pt"> During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:501.44pt;position:var(--position);text-decoration:none;white-space:pre;width:51.96pt">three months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:562.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:23.86pt">ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:82.36pt;position:var(--position);text-decoration:none;white-space:pre;width:3.41pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.77pt;position:var(--position);text-decoration:none;white-space:pre;width:57.64pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.41pt;position:var(--position);text-decoration:none;white-space:pre;width:59.33pt">, we recorded </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.74pt;position:var(--position);text-decoration:none;white-space:pre;width:49.76pt">$7.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.5pt;position:var(--position);text-decoration:none;white-space:pre;width:256.4pt"> of interest income on these loans. Upon determining that the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.9pt;position:var(--position);text-decoration:none;white-space:pre;width:19.96pt">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:528.86pt;position:var(--position);text-decoration:none;white-space:pre;width:24.5pt"> loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:574.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">were impaired, the income accrual was suspended, as the recovery of interest income and principal was doubtful. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:585.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:302.52pt">increase in our asset-specific reserve was partially offset by charge-offs of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:361.02pt;position:var(--position);text-decoration:none;white-space:pre;width:54.14pt">$28.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:415.16pt;position:var(--position);text-decoration:none;white-space:pre;width:138.21pt"> primarily related to the resolution</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:12.3pt">of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.8pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.23pt;position:var(--position);text-decoration:none;white-space:pre;width:468.13pt"> previously impaired loan as a result of our acquisition of title through a foreclosure of a multifamily collateral</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:608.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:115.29pt">property located in Dallas, T</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:173.79000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:379.65pt">X, which is now included on our consolidated balance sheet as an owned real estate asset. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:620.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:34.37pt">decrease</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.87pt;position:var(--position);text-decoration:none;white-space:pre;width:239.09pt"> in our general CECL reserve was primarily driven by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:331.96pt;position:var(--position);text-decoration:none;white-space:pre;width:221.45pt">changes in risk ratings, and a decrease in our loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:631.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">receivable balance, partially offset by new loan originations and an increase in the historical loss rate used in reserve</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:643.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:254.62pt">calculations related to the additional CECL reserve charge-offs.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:666.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:28.74pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.24pt;position:var(--position);text-decoration:none;white-space:pre;width:60.12pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.36pt;position:var(--position);text-decoration:none;white-space:pre;width:100.08pt">, we had an aggregate </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:247.44pt;position:var(--position);text-decoration:none;white-space:pre;width:61pt">$219.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.44pt;position:var(--position);text-decoration:none;white-space:pre;width:170.98pt"> asset-specific CECL reserve related to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:479.42pt;position:var(--position);text-decoration:none;white-space:pre;width:17.2pt">nine</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:496.62pt;position:var(--position);text-decoration:none;white-space:pre;width:56.7pt"> of our loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:678.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:204.98pt">receivable, with a total amortized cost basis of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:263.48pt;position:var(--position);text-decoration:none;white-space:pre;width:61pt">$695.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:324.48pt;position:var(--position);text-decoration:none;white-space:pre;width:138.66pt">, net of cost-recovery proceeds. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:463.14pt;position:var(--position);text-decoration:none;white-space:pre;width:90.27pt">Impairments are each</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:689.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">determined individually as a result of changes in the specific credit quality factors for each such loan. These factors</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:701.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">included, among others, (i) the underlying collateral performance, (ii) discussions with the borrower, (iii) borrower events</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:712.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">of default, and (iv) other facts that impact the borrower’s ability to pay the contractual amounts due under the terms of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:724.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:19.7pt">loan.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:78.2pt;position:var(--position);text-decoration:none;white-space:pre;width:475.28pt"> This asset-specific CECL reserve was recorded based on our estimation of the fair value of each loan’s underlying</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:61.28pt">collateral as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.78pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:175.6pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:12.22pt">No</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.72pt;position:var(--position);text-decoration:none;white-space:pre;width:413.9pt"> income was recorded on our impaired loans subsequent to determining that such loans were impaired.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:484.62pt;position:var(--position);text-decoration:none;white-space:pre;width:2.79pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:487.41pt;position:var(--position);text-decoration:none;white-space:pre;width:31.11pt">During </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:518.52pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:533.51pt;position:var(--position);text-decoration:none;white-space:pre;width:19.96pt">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:89pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.91pt">months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.41pt;position:var(--position);text-decoration:none;white-space:pre;width:3.62pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.03pt;position:var(--position);text-decoration:none;white-space:pre;width:58.06pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:177.09pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:179.59pt;position:var(--position);text-decoration:none;white-space:pre;width:35.28pt"> we did </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:214.87pt;position:var(--position);text-decoration:none;white-space:pre;width:12.77pt">not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:227.64pt;position:var(--position);text-decoration:none;white-space:pre;width:325.86pt"> receive any cash proceeds from such loans that would have been applied as a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:100.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:243pt">reduction to the amortized cost basis of each respective loan.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:124pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:25.56pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.06pt;position:var(--position);text-decoration:none;white-space:pre;width:56.94pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:141pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.06pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.56pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:160.99pt;position:var(--position);text-decoration:none;white-space:pre;width:232.89pt"> of our performing loans with an amortized cost basis of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:393.88pt;position:var(--position);text-decoration:none;white-space:pre;width:59.41pt">$148.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:453.29pt;position:var(--position);text-decoration:none;white-space:pre;width:100.18pt"> was in payment default,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.79pt">was less than 90 days past due on its interest payment, and had a risk rating of “4.” This loan was not impaired as of June</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.29pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:147pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">30, 2026 as we expect to fully recover all contractual principal and interest amounts due under the loan agreement. All</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:158.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">other borrowers under performing loans were in compliance with the applicable contractual terms of each respective loan,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:170pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:176.78pt">including any required payment of interest.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:235.28pt;position:var(--position);text-decoration:none;white-space:pre;width:39.97pt"> Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:275.25pt;position:var(--position);text-decoration:none;white-space:pre;width:27.76pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:303.01pt;position:var(--position);text-decoration:none;white-space:pre;width:250.39pt"> for further discussion of our policies on revenue recognition</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:181.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:96.01pt">and our CECL reserves.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:205pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">Our primary credit quality indicator is our risk ratings, which are further discussed above. The following tables present the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:172.03pt">net book value of our loan portfolio as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.53pt;position:var(--position);text-decoration:none;white-space:pre;width:56.98pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:287.51pt;position:var(--position);text-decoration:none;white-space:pre;width:20.59pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.1pt;position:var(--position);text-decoration:none;white-space:pre;width:79.7pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:387.8pt;position:var(--position);text-decoration:none;white-space:pre;width:165.52pt">, respectively, by year of origination and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:228pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:110.47pt">risk rating ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:245.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:494.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:84.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:84.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="13" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);width:406.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:98.19pt;position:var(--position);white-space:pre">Net Book Value of Loans Receivable by Year of Origination</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:302.25pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:84.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="13" style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:12.75pt;width:406.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:406.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:170.26pt;position:var(--position);text-decoration:none;white-space:pre">As of June 30, 2026</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:84.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:84.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.06pt;position:var(--position);white-space:pre">Risk Rating</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:25.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:25.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:25.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:25.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:25.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2022</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:25.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.65pt;position:var(--position);text-decoration:none;white-space:pre">Prior</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:25.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:38.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:38.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.88pt"></span></span><span style="left:27.009999999999998pt;position:var(--position)">60,896<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:38.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:38.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:38.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:38.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:38.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.88pt"></span></span><span style="left:27.009999999999998pt;position:var(--position)">60,896<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:52.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:52.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">909,370</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:52.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:28.12pt;position:var(--position);text-decoration:none;white-space:pre">61,275</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:52.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:52.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">238,535</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:52.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">1,675,555</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:52.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">2,884,735</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:66.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">1,241,733</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:66.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">4,058,785</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:66.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">276,302</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:66.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:66.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">2,452,411</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:66.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">3,638,243</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:66.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:12.37pt;position:var(--position);text-decoration:none;white-space:pre">11,667,474</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:81pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:81pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">148,775</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:81pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:81pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:81pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">151,863</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:81pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">1,725,835</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:81pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">2,026,473</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:95.25pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">5</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:95.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:95.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:95.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:95.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:95.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:28.12pt;position:var(--position);text-decoration:none;white-space:pre">92,116</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:95.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">603,036</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:95.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">695,152</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total loans receivable</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:109.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:8.63pt"></span></span><span style="left:15.760000000000002pt;position:var(--position)">1,241,733<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:109.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:8.63pt"></span></span><span style="left:15.760000000000002pt;position:var(--position)">5,177,826<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:109.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:15.38pt"></span></span><span style="left:22.509999999999998pt;position:var(--position)">337,577<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:109.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:109.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:8.63pt"></span></span><span style="left:15.760000000000002pt;position:var(--position)">2,934,925<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:109.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:8.63pt"></span></span><span style="left:15.760000000000002pt;position:var(--position)">7,642,669<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:109.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:4.13pt"></span></span><span style="left:11.260000000000002pt;position:var(--position)">17,334,730<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:123.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:17.64pt;position:var(--position);text-decoration:none;white-space:pre">(397,835)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:138pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:4.13pt"></span></span><span style="left:11.260000000000002pt;position:var(--position)">16,936,895<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:166.5pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.114pt;width:84.75pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.364pt;white-space:pre">Gross charge-offs</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:66.78999999999999pt;position:var(--position);top:-4.285pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:166.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:166.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:166.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:166.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:166.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:22.14pt;position:var(--position);text-decoration:none;white-space:pre">(29,380)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:166.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:22.14pt;position:var(--position);text-decoration:none;white-space:pre">(45,691)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:166.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:16.89pt"></span></span><span style="left:24.02pt;position:var(--position)">(75,071)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:440.95pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:494.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:84.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:84.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.49pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="13" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);width:406.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:98.19pt;position:var(--position);white-space:pre">Net Book Value of Loans Receivable by Year of Origination</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:302.25pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:84.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.49pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="13" style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:14.25pt;width:406.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:406.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:161.17pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31, 2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:84.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:84.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.06pt;position:var(--position);white-space:pre">Risk Rating</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:28.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:28.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:28.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:28.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2022</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:28.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2021</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:28.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.65pt;position:var(--position);text-decoration:none;white-space:pre">Prior</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:28.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:42.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:42.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:42.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:42.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:15.38pt"></span></span><span style="left:22.509999999999998pt;position:var(--position)">151,674<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:42.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.88pt"></span></span><span style="left:27.009999999999998pt;position:var(--position)">98,329<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:42.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.88pt"></span></span><span style="left:27.009999999999998pt;position:var(--position)">53,968<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:15.38pt"></span></span><span style="left:22.509999999999998pt;position:var(--position)">303,971<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:57pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">792,802</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:57pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:28.12pt;position:var(--position);text-decoration:none;white-space:pre">61,068</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:57pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:57pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">586,066</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:57pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">1,265,922</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:57pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">170,012</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:57pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">2,875,870</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:71.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">4,335,677</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:71.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:15.38pt"></span></span><span style="left:22.509999999999998pt;position:var(--position)">274,866<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:71.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:71.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">2,592,446</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:71.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">2,869,787</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:71.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">1,835,171</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:71.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:12.37pt;position:var(--position);text-decoration:none;white-space:pre">11,907,947</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:85.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:85.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:85.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:85.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">367,804</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:85.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">582,317</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:85.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">1,856,637</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:85.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">2,806,758</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99.75pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">5</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:99.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:99.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:99.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:99.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:99.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:28.12pt;position:var(--position);text-decoration:none;white-space:pre">31,700</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:99.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">142,888</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:99.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">174,588</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total loans receivable</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:114pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:8.63pt"></span></span><span style="left:15.760000000000002pt;position:var(--position)">5,128,479<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:114pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:15.38pt"></span></span><span style="left:22.509999999999998pt;position:var(--position)">335,934<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:114pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:114pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:8.63pt"></span></span><span style="left:15.760000000000002pt;position:var(--position)">3,697,990<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:114pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:8.63pt"></span></span><span style="left:15.760000000000002pt;position:var(--position)">4,848,055<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:114pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:8.63pt"></span></span><span style="left:15.760000000000002pt;position:var(--position)">4,058,676<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:114pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:4.13pt"></span></span><span style="left:11.260000000000002pt;position:var(--position)">18,069,134<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:128.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:17.64pt;position:var(--position);text-decoration:none;white-space:pre">(284,440)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:142.5pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:142.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:4.13pt"></span></span><span style="left:11.260000000000002pt;position:var(--position)">17,784,694<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.114pt;width:84.75pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.364pt;white-space:pre">Gross charge-offs</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:66.78999999999999pt;position:var(--position);top:-4.285pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:171pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:171pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:171pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:171pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:22.14pt;position:var(--position);text-decoration:none;white-space:pre">(54,404)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:171pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:17.64pt;position:var(--position);text-decoration:none;white-space:pre">(214,796)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:171pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:17.64pt;position:var(--position);text-decoration:none;white-space:pre">(286,916)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:171pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:12.39pt"></span></span><span style="left:19.52pt;position:var(--position)">(556,116)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:631.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:0pt;left:58.5pt;position:var(--position);top:2.43pt;width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:645.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">Date loan was originated or acquired by us. Origination dates are subsequently updated to reflect material loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:657.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:57.43pt">modifications.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:668.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre">Represents charge-offs by year of origination during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:312.49pt;position:var(--position);text-decoration:none;white-space:pre">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:382.44pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:384.94pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.76pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:460.19pt;position:var(--position);text-decoration:none;white-space:pre">year ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:503.74pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:680.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:164.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre">, respectively</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:217.29pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Loan Modifications Pursuant to ASC 326</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:46.3pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.8pt;position:var(--position);text-decoration:none;white-space:pre;width:85.69pt">twelve months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:190.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.89pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:193.38pt;position:var(--position);text-decoration:none;white-space:pre;width:56.6pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:249.98pt;position:var(--position);text-decoration:none;white-space:pre;width:70.64pt">, we entered into </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:320.62pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:335.05pt;position:var(--position);text-decoration:none;white-space:pre;width:218.32pt"> loan modification that requires disclosure pursuant to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:276.31pt">ASC 326. This loan was collateralized by a life sciences/studio asset.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:220.24pt">The loan modification included a term extension of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:278.74pt;position:var(--position);text-decoration:none;white-space:pre;width:37.67pt">4.3 years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:316.41pt;position:var(--position);text-decoration:none;white-space:pre;width:132.96pt">, the interest rate decreased by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:449.37pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">3.56%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:475.2pt;position:var(--position);text-decoration:none;white-space:pre;width:78.23pt">, and the loan was</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:118pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.82pt">bifurcated into a separate senior loan and subordinate loan. We are accruing all of the interest on the senior loan that is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:129.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:376.97pt">paying current, and deferring interest on the subordinate loan, which is paid-in-kind. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:435.47pt;position:var(--position);text-decoration:none;white-space:pre;width:57.62pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.09pt;position:var(--position);text-decoration:none;white-space:pre;width:60.32pt">, the aggregate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:171.86pt">amortized cost basis of these loans was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.36pt;position:var(--position);text-decoration:none;white-space:pre;width:60.69pt">$122.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:291.05pt;position:var(--position);text-decoration:none;white-space:pre;width:19.51pt">, or </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:310.56pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">0.7%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:331.39pt;position:var(--position);text-decoration:none;white-space:pre;width:221.97pt"> of our aggregate loans receivable portfolio, with an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:152.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:41.82pt">aggregate </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:100.32pt;position:var(--position);text-decoration:none;white-space:pre;width:54.35pt">$34.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:154.67000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:398.79pt"> of unfunded commitments. These loans were in compliance with their modified contractual terms</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:164pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:21.65pt">as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:80.15pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:135.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:187.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:125.94pt">This loan had a risk rating of “</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:184.44pt;position:var(--position);text-decoration:none;white-space:pre;width:5pt">5</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.44pt;position:var(--position);text-decoration:none;white-space:pre;width:363.85pt">” at the time of modification. The modification resulted in the bifurcation of the loan into</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.29pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:199pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:166.24pt">separate senior and subordinate loans, or </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.74pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:239.73pt;position:var(--position);text-decoration:none;white-space:pre;width:105.76pt"> loans in aggregate. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:345.49pt;position:var(--position);text-decoration:none;white-space:pre;width:56.2pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:401.69pt;position:var(--position);text-decoration:none;white-space:pre;width:151.8pt">, the newly bifurcated senior loan had</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:210.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.82pt">a risk rating of “4,” and the newly bifurcated subordinate loan had a risk rating of “5,” as collection of amounts due under</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:222pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:113.5pt">the loan terms was doubtful.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:245.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">Loans with a risk rating of “3” and “4” are included in the determination of our general CECL reserve and loans with a risk</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:257pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">rating of “5” are evaluated individually for an asset-specific CECL reserve. Loan modifications that allow the option to pay</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:268.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">interest in-kind increase our potential economics and the size of our secured claim, as interest is capitalized and added to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:280pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:263.92pt">the outstanding principal balance for applicable loans. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.42pt;position:var(--position);text-decoration:none;white-space:pre;width:60.46pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:382.88pt;position:var(--position);text-decoration:none;white-space:pre;width:7.32pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:390.2pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:400.2pt;position:var(--position);text-decoration:none;white-space:pre;width:153.23pt"> income was recorded on our loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:291.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:291.05pt">subsequent to determining that such loans were impaired and risk rated “</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:349.55pt;position:var(--position);text-decoration:none;white-space:pre;width:5pt">5</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:354.55pt;position:var(--position);text-decoration:none;white-space:pre;width:6.93pt">.”</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:378.71pt">The following table details overall statistics for our loans receivable portfolio ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:437.21pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="position:var(--position);top:89pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:333.75pt"></td><td style="padding:0;width:78.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:78.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.06pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:333.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:333.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Number of loans</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:12.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:51.39pt"></span></span><span style="left:54.02pt;position:var(--position)">133<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:12.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:51.39pt"></span></span><span style="left:54.02pt;position:var(--position)">131<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:333.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:333.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Principal balance</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:27.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.89pt"></span></span><span style="left:27.02pt;position:var(--position)">17,409,208<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:27.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.89pt"></span></span><span style="left:27.02pt;position:var(--position)">18,154,768<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:333.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:333.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net book value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:42.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.89pt"></span></span><span style="left:27.02pt;position:var(--position)">16,936,895<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:42.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.89pt"></span></span><span style="left:27.02pt;position:var(--position)">17,784,694<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:333.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:333.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Unfunded loan commitments</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:119.17999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:57.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:24.39pt"></span></span><span style="left:31.52pt;position:var(--position)">1,107,729<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:57.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:24.39pt"></span></span><span style="left:31.52pt;position:var(--position)">1,185,004<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:333.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:333.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Weighted-average cash coupon</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:128.02pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:72.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:44.45pt;position:var(--position)"></span><span style="left:44.45pt;position:var(--position)">+ 3.13<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:70.51pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:72.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:44.45pt;position:var(--position)"></span><span style="left:44.45pt;position:var(--position)">+ 3.19<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:70.51pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:333.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:333.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Weighted-average all-in yield</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:121.88pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:87.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:44.45pt;position:var(--position)"></span><span style="left:44.45pt;position:var(--position)">+ 3.35<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:70.51pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:87.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:44.45pt;position:var(--position)"></span><span style="left:44.45pt;position:var(--position)">+ 3.39<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:70.51pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:333.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:333.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Weighted-average maximum maturity (years)</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:185.43pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:102.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:58.87pt;position:var(--position);text-decoration:none;white-space:pre">2.8</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:102.75pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:58.87pt;position:var(--position);text-decoration:none;white-space:pre">2.5</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:211.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:221.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">Unfunded commitments will primarily be funded to finance our borrowers’ construction or development of real</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:233.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">estate-related assets, capital improvements of existing assets, or lease-related expenditures. These commitments will</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:244.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:370.05pt">generally be funded over the term of each loan, subject in certain cases to an expiration date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:256.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">The weighted-average cash coupon and all-in yield are expressed as a spread over the relevant floating benchmark</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:267.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:84.14pt">rates, which include </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.64pt;position:var(--position);text-decoration:none;white-space:pre;width:25pt"><span style="-sec-ix-hidden:f-541"><span style="-sec-ix-hidden:f-542">SOFR</span></span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.64pt;position:var(--position);text-decoration:none;white-space:pre;width:5.49pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.13pt;position:var(--position);text-decoration:none;white-space:pre;width:197.02pt">SONIA, EURIBOR, CORRA, and other indices,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.15pt;position:var(--position);text-decoration:none;white-space:pre;width:113.05pt"> as applicable to each loan. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:510.2pt;position:var(--position);text-decoration:none;white-space:pre;width:43.19pt">As of both</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:279.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:58.42pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.92000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:22.03pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:165.95pt;position:var(--position);text-decoration:none;white-space:pre;width:81.14pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:247.09pt;position:var(--position);text-decoration:none;white-space:pre;width:6.3pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.39pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">97%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.72pt;position:var(--position);text-decoration:none;white-space:pre;width:281.64pt"> of our loans by principal balance earned a floating rate of interest,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:290.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:86.14pt">primarily indexed to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:171.64pt;position:var(--position);text-decoration:none;white-space:pre;width:25pt">SOFR</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:196.64pt;position:var(--position);text-decoration:none;white-space:pre;width:68.1pt">. The remaining </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.74pt;position:var(--position);text-decoration:none;white-space:pre;width:13.33pt">3%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:278.07pt;position:var(--position);text-decoration:none;white-space:pre;width:263.78pt"> of our loans by principal balance earned a fixed rate of interest.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.85pt;position:var(--position);text-decoration:none;white-space:pre;width:3.19pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:545.04pt;position:var(--position);text-decoration:none;white-space:pre;width:8.33pt">In</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:302.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">addition to cash coupon, all-in yield includes the amortization of deferred origination and extension fees, loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:313.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:306.48pt">origination costs, and purchase discounts, as well as the accrual of exit fees.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:394.75pt;position:var(--position);text-decoration:none;white-space:pre;width:158.67pt">Excludes loans accounted for under the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:325.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:182.01pt">cost-recovery and nonaccrual methods, if any</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:267.51pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:336.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">Maximum maturity assumes all extension options are exercised by the borrower, however our loans may be repaid</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:348.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:80.41pt">prior to such date. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:165.91pt;position:var(--position);text-decoration:none;white-space:pre;width:357.67pt">Excludes loans accounted for under the cost-recovery and nonaccrual methods, if any</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:523.5799999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:17.55pt">. As</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.13pt;position:var(--position);text-decoration:none;white-space:pre;width:12.27pt"> of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:359.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:59.72pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.22pt;position:var(--position);text-decoration:none;white-space:pre;width:6.95pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">47%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:170.5pt;position:var(--position);text-decoration:none;white-space:pre;width:382.96pt"> of our loans by principal balance were subject to yield maintenance or other prepayment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:371.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:65.33pt">restrictions and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.82999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">53%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.16pt;position:var(--position);text-decoration:none;white-space:pre;width:3.26pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.42000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:265.34pt">were open to repayment by the borrower without penalty. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:437.76pt;position:var(--position);text-decoration:none;white-space:pre;width:80.06pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:517.8199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:5.76pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:523.5799999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">40%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:11.59pt"> of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:382.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:426.49pt">our loans by principal balance were subject to yield maintenance or other prepayment restrictions and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:511.99pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">60%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:530.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:23.1pt"> were</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:394.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:208.13pt">open to repayment by the borrower without penalty.</span></div> 133 131 17409208000 18154768000 16936895000 17784694000 1107729000 1185004000 0.0313 0.0319 0.0335 0.0339 P2Y9M18D P2Y6M 0.97 0.97 0.03 0.47 0.53 0.40 0.60 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:348.75pt">The following table details the index rate floors for our loans receivable portfolio as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:407.25pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:463.07pt;position:var(--position);text-decoration:none;white-space:pre;width:69.68pt"> ($ in thousands):</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:441.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:261.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:261.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:261.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);width:229.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:229.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:53.58pt;position:var(--position);text-decoration:none;white-space:pre">Loans Receivable Principal Balance</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:261.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:261.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Index Rate Floors</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:12.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.13pt;position:var(--position);text-decoration:none;white-space:pre">USD</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:343.5pt;position:var(--position);top:12.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.67pt;position:var(--position);white-space:pre">Non-USD</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:50.52pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:12.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:28.02pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:261.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:261.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Fixed Rate</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:25.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.04pt"></span></span><span style="left:37.67pt;position:var(--position)">398,405<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:343.5pt;position:var(--position);top:25.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.04pt"></span></span><span style="left:37.67pt;position:var(--position)">135,273<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:25.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.04pt"></span></span><span style="left:37.67pt;position:var(--position)">533,678<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:261.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:261.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">0.00% or no floor</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:73.72pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:40.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">1,060,787</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:343.5pt;position:var(--position);top:40.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">3,701,597</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:40.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">4,762,384</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:261.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:261.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">0.01% to 1.00% floor</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:55.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">1,314,333</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:343.5pt;position:var(--position);top:55.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">1,286,448</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:55.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">2,600,781</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:261.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:261.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">1.01% to 2.00% floor</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:70.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.12pt;position:var(--position);text-decoration:none;white-space:pre">856,529</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:343.5pt;position:var(--position);top:70.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">1,651,960</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:70.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">2,508,489</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:261.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:261.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2.01% to 3.00% floor</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:85.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">5,754,709</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:343.5pt;position:var(--position);top:85.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.12pt;position:var(--position);text-decoration:none;white-space:pre">366,401</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:85.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.62pt;position:var(--position);text-decoration:none;white-space:pre">6,121,110</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:261.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:261.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">3.01% or more floor</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:100.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.12pt;position:var(--position);text-decoration:none;white-space:pre">608,673</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:343.5pt;position:var(--position);top:100.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.12pt;position:var(--position);text-decoration:none;white-space:pre">274,093</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:100.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.12pt;position:var(--position);text-decoration:none;white-space:pre">882,766</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:115.5pt;width:261.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:261.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);top:-2.626pt;white-space:pre">Total</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:35.7pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:265.5pt;position:var(--position);top:115.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">9,993,436<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:343.5pt;position:var(--position);top:115.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">7,415,772<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:115.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.54pt"></span></span><span style="left:25.169999999999998pt;position:var(--position)">17,409,208<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:576.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:586.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:424.85pt">Includes Euro, British Pound Sterling, Swedish Krona, Australian Dollar, and Canadian Dollar currencies.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:110.41pt">Includes all impaired loans.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:195.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:609.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:26.48pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.98pt;position:var(--position);text-decoration:none;white-space:pre;width:57.86pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.84pt;position:var(--position);text-decoration:none;white-space:pre;width:383.65pt">, the weighted-average index rate floor of our floating-rate loans receivable principal balance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:620.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:19.14pt">was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.64pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">1.53%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:130.47pt;position:var(--position);text-decoration:none;white-space:pre;width:423.02pt">. Excluding 0.0% index rate floors and loans with no floor, the weighted-average index rate floor was</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:632.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">2.11%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.33pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div> 398405000 135273000 533678000 1060787000 3701597000 4762384000 1314333000 1286448000 2600781000 856529000 1651960000 2508489000 5754709000 366401000 6121110000 608673000 274093000 882766000 9993436000 7415772000 17409208000 0.0153 0.0211 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:327.43pt">Activity relating to our loans receivable portfolio was as follows ($ in thousands):</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:77.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:395.25pt"></td><td style="padding:0;width:99.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:395.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:395.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);width:99.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:99.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.01pt;position:var(--position);white-space:pre">Net Book Value</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:76.74pt;position:var(--position);white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:395.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Loans Receivable, as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:100.55pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:12.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.04pt"></span></span><span style="left:50.67pt;position:var(--position)">18,069,134<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Loan fundings</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:27.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:57.12pt;position:var(--position);text-decoration:none;white-space:pre">1,451,838</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Loan repayments, sales, and cost-recovery proceeds</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:42.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.46pt;position:var(--position);text-decoration:none;white-space:pre">(1,820,897)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Charge-offs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:57.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:62.96pt;position:var(--position);text-decoration:none;white-space:pre">(75,071)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Transfer to owned real estate</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:72.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:57.96pt;position:var(--position);text-decoration:none;white-space:pre">(180,416)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:395.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);top:-2.626pt;white-space:pre">Transfer to other assets, net</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:130.14pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:87.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:62.96pt;position:var(--position);text-decoration:none;white-space:pre">(10,572)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Payment-in-kind interest, net of interest received</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:102.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:74.62pt;position:var(--position);text-decoration:none;white-space:pre">9,049</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Unrealized loss on foreign currency translation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:117.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:57.96pt;position:var(--position);text-decoration:none;white-space:pre">(121,642)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:395.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);top:-2.626pt;white-space:pre">Deferred fees and other items</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:138.17000000000002pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:132.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:62.96pt;position:var(--position);text-decoration:none;white-space:pre">(21,046)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:395.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);top:-2.626pt;white-space:pre">Amortization of fees and other items</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:166.76pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:147.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:69.62pt;position:var(--position);text-decoration:none;white-space:pre">34,353</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162.75pt;width:395.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Loans Receivable, as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:100.55pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:162.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.04pt"></span></span><span style="left:50.67pt;position:var(--position)">17,334,730<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177.75pt;width:395.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:177.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:57.96pt;position:var(--position);text-decoration:none;white-space:pre">(397,835)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:192.75pt;width:395.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:395.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Loans Receivable, net, as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:117.75pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:395.25pt;position:var(--position);top:192.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.04pt"></span></span><span style="left:50.67pt;position:var(--position)">16,936,895<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:290.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:301.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">This amount relates to intangible and other assets recorded in connection with a loan that was transferred to owned</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:313.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:252.98pt">real estate, net of any liabilities recorded upon acquisition. See </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.48pt;position:var(--position);text-decoration:none;white-space:pre;width:26.92pt">Note 6</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.4pt;position:var(--position);text-decoration:none;white-space:pre;width:96.02pt"> for further information.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:324.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:141.38pt">Other items primarily consist of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:226.88pt;position:var(--position);text-decoration:none;white-space:pre;width:326.6pt">purchase and sale discounts or premiums, exit fees, and deferred origination</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:336.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:36.07pt">expenses</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.57pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div> 18069134000 1451838000 1820897000 75071000 180416000 10572000 9049000 -121642000 21046000 34353000 17334730000 397835000 16936895000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">The tables below detail the property type and geographic distribution of the properties securing the loans in our loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:148.17pt">receivable portfolio ($ in thousands):</span></div><div style="position:var(--position);top:77pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:150pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:85.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:85.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:92.25pt"></td></tr><tr style="height:13.5pt"><td colspan="9" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:495pt"><div><div style="line-height:8pt;position:var(--position);top:4.87pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:224.28pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:13.5pt;width:150pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Property Type</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:13.5pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.9pt;position:var(--position);text-decoration:none;white-space:pre">Number of Loans</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:13.5pt;width:85.5pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.88pt;position:var(--position);text-decoration:none;white-space:pre">Net Book Value</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:13.5pt;width:85.5pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:85.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.63pt;position:var(--position);white-space:pre">Net Loan Exposure</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:72.8pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:13.5pt;width:92.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.04pt;position:var(--position);text-decoration:none;white-space:pre">Net Loan Exposure </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.83pt;position:var(--position);text-decoration:none;white-space:pre">Percentage of Portfolio</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:35.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Industrial</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:35.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">24</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:35.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:41.42pt;position:var(--position)">4,503,186<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:35.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:41.42pt;position:var(--position)">4,195,901<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:35.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.9pt;position:var(--position);text-decoration:none;white-space:pre">26%</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Multifamily</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:49.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">46</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:49.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">4,161,897</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:49.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">3,994,054</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:49.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">25</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Office</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:63.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">34</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:63.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">4,461,290</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:63.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">3,967,961</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:63.75pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">25</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Hospitality</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:78pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">10</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:78pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,743,045</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:78pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,656,740</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:78pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">10</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Retail</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:92.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">8</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:92.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">822,936</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:92.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">744,291</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:92.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">5</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Self-storage</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:107.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:107.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">642,244</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:107.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">479,964</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:107.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:121.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Life Sciences / Studio</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:121.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:121.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">284,772</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:121.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">266,408</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:121.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135.75pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:135.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:135.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">715,360</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:135.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">713,113</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:135.75pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:150pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total loans receivable</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:150pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.37pt;position:var(--position);text-decoration:none;white-space:pre">133</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:150pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">17,334,730<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:150pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">16,018,432<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:150pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.4pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:164.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:164.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(397,835)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:178.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:178.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">16,936,895<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:204pt;width:150pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Geographic Location</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:204pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.9pt;position:var(--position);text-decoration:none;white-space:pre">Number of Loans</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:204pt;width:85.5pt"><div><div style="line-height:8pt;position:var(--position);top:12.99pt;width:85.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.88pt;position:var(--position);white-space:pre">Net Book Value</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:69.61pt;position:var(--position);white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:204pt;width:85.5pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:85.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.63pt;position:var(--position);white-space:pre">Net Loan Exposure</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:72.8pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:204pt;width:92.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.04pt;position:var(--position);text-decoration:none;white-space:pre">Net Loan Exposure </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.83pt;position:var(--position);text-decoration:none;white-space:pre">Percentage of Portfolio</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:225.75pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:225.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:225.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:225.75pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:240pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Sunbelt</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:240pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">47</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:240pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:41.42pt;position:var(--position)">4,771,723<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:240pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:41.42pt;position:var(--position)">3,980,482<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:240pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.9pt;position:var(--position);text-decoration:none;white-space:pre">25%</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:254.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Northeast</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:254.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">19</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:254.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">2,132,423</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:254.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">2,028,575</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:254.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">13</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:268.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">West</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:268.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">23</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:268.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,858,650</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:268.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,774,545</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:268.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">11</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:282.75pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Midwest</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:282.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:282.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">637,152</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:282.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">506,250</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:282.75pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:297pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Northwest</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:297pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:297pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">476,987</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:297pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">472,722</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:297pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:311.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Subtotal</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:311.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">98</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:311.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">9,876,935</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:311.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">8,762,574</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:311.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">55</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:325.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">International</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:339.75pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">United Kingdom</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:339.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">16</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:339.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">2,680,430</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:339.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">2,667,644</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:339.75pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">17</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:354pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Australia</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:354pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:354pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,181,561</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:354pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,175,243</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:354pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">7</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:368.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Ireland</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:368.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:368.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,000,931</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:368.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">990,480</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:368.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:382.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Spain</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:382.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:382.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">657,798</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:382.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">654,260</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:382.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:396.75pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Sweden</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:396.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:396.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">477,022</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:396.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">475,327</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:396.75pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:411pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Canada</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:411pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:411pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">440,265</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:411pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">278,678</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:411pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:425.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Other Europe</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:425.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">7</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:425.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">958,513</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:425.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">953,482</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:425.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:439.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Other International</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:439.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.37pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:439.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:55.37pt;position:var(--position);text-decoration:none;white-space:pre">61,275</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:439.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:55.37pt;position:var(--position);text-decoration:none;white-space:pre">60,744</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:439.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:454.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Subtotal</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:454.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.87pt;position:var(--position);text-decoration:none;white-space:pre">35</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:454.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">7,457,795</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:454.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">7,255,858</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:454.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">45</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:468.75pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total loans receivable</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:468.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.37pt;position:var(--position);text-decoration:none;white-space:pre">133</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:468.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">17,334,730<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:468.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">16,018,432<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:468.75pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.4pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:483pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:483pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(397,835)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:497.25pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:497.25pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">16,936,895<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;position:var(--position);top:593.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:0pt;left:61pt;position:var(--position);top:2.43pt;width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:605pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:407.7pt">Net loan exposure reflects the amount of each loan that is subject to risk of credit loss to us as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.2pt;position:var(--position);text-decoration:none;white-space:pre;width:57.68pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:615.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:170.04pt">which is our principal balance net of (i) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.54pt;position:var(--position);text-decoration:none;white-space:pre;width:60.06pt">$972.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:315.6pt;position:var(--position);text-decoration:none;white-space:pre;width:112.57pt"> of asset-specific debt, (ii) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.17pt;position:var(--position);text-decoration:none;white-space:pre;width:55.06pt">$20.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:483.23pt;position:var(--position);text-decoration:none;white-space:pre;width:70.12pt"> of cost-recovery</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:626pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:252.68pt">proceeds, and (iii) our total loans receivable CECL reserve of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.18pt;position:var(--position);text-decoration:none;white-space:pre;width:59.29pt">$397.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.47pt;position:var(--position);text-decoration:none;white-space:pre;width:5.44pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:402.91pt;position:var(--position);text-decoration:none;white-space:pre;width:150.45pt">Our asset-specific debt is structurally</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:636.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:277.43pt">non-recourse and term-matched to the corresponding collateral loans.</span></div><div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:150pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:66.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:85.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:85.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:92.25pt"></td></tr><tr style="height:12.75pt"><td colspan="9" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:495pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:215.19pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:150pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Property Type</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:12.75pt;width:66.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.4pt;position:var(--position);text-decoration:none;white-space:pre">Number of Loans</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:12.75pt;width:85.5pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.88pt;position:var(--position);text-decoration:none;white-space:pre">Net Book Value</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:12.75pt;width:85.5pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:85.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.63pt;position:var(--position);white-space:pre">Net Loan Exposure</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:72.8pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:12.75pt;width:92.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.04pt;position:var(--position);text-decoration:none;white-space:pre">Net Loan Exposure </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.83pt;position:var(--position);text-decoration:none;white-space:pre">Percentage of Portfolio</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Office</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:34.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">37</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:34.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:41.42pt;position:var(--position)">4,879,422<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:34.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:41.42pt;position:var(--position)">4,556,980<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:34.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.9pt;position:var(--position);text-decoration:none;white-space:pre">27%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Multifamily</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:49.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">46</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:49.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">4,457,767</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:49.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">4,305,534</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:49.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">26</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Industrial</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:64.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">21</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:64.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">4,458,487</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:64.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">4,114,141</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:64.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">24</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:79.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Hospitality</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:79.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">12</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:79.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,940,693</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:79.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,827,133</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:79.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">11</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Retail</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:94.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:94.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">674,612</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:94.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">596,204</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:94.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Self-storage</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:109.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:109.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">659,515</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:109.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">492,376</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:109.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:124.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Life Sciences/Studio</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:124.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:124.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">284,079</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:124.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">277,373</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:124.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:139.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:139.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:139.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">714,559</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:139.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">676,293</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:139.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total loans receivable</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:154.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:26.81pt;position:var(--position);text-decoration:none;white-space:pre">131</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:154.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">18,069,134<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:154.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">16,846,034<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:154.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.4pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:169.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:169.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(284,440)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:184.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:184.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">17,784,694<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:209.25pt;width:150pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Geographic Location</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:209.25pt;width:66.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.4pt;position:var(--position);text-decoration:none;white-space:pre">Number of Loans</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:209.25pt;width:85.5pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.88pt;position:var(--position);text-decoration:none;white-space:pre">Net Book Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:209.25pt;width:85.5pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:85.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.63pt;position:var(--position);white-space:pre">Net Loan Exposure</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:72.8pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:209.25pt;width:92.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.04pt;position:var(--position);text-decoration:none;white-space:pre">Net Loan Exposure </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.83pt;position:var(--position);text-decoration:none;white-space:pre">Percentage of Portfolio</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:231pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:231pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:231pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:231pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:246pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Sunbelt</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:246pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">45</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:246pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:41.42pt;position:var(--position)">4,715,039<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:246pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:41.42pt;position:var(--position)">3,918,928<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:246pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.9pt;position:var(--position);text-decoration:none;white-space:pre">23%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:261pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">West</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:261pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">23</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:261pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,963,032</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:261pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,872,531</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:261pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">11</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:276pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Northeast</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:276pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">17</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:276pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,893,877</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:276pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,800,387</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:276pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">11</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:291pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Midwest</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:291pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:291pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">619,726</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:291pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">609,433</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:291pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:306pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Northwest</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:306pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:306pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">457,215</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:306pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">454,507</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:306pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:321pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Subtotal</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:321pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">94</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:321pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">9,648,889</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:321pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">8,655,786</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:321pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">52</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:336pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">International</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:351pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">United Kingdom</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:351pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">19</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:351pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">3,595,424</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:351pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">3,582,983</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:351pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">21</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:366pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Ireland</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:366pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:366pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,141,770</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:366pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,135,749</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:366pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">7</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:381pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Australia</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:381pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:381pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,104,765</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:381pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">1,110,648</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:381pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">7</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:396pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Spain</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:396pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:396pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">684,109</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:396pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">638,112</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:396pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:411pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Sweden</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:411pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:411pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">502,124</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:411pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">500,917</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:411pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:426pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Canada</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:426pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:426pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">455,407</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:426pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">288,504</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:426pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:441pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Other Europe</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:441pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:441pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">875,579</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:441pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">872,527</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:441pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.62pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:456pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Other International</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:456pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.87pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:456pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:55.37pt;position:var(--position);text-decoration:none;white-space:pre">61,067</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:456pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:55.37pt;position:var(--position);text-decoration:none;white-space:pre">60,808</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:456pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.06pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:471pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Subtotal</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:471pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.37pt;position:var(--position);text-decoration:none;white-space:pre">37</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:471pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">8,420,245</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:471pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.87pt;position:var(--position);text-decoration:none;white-space:pre">8,190,248</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:471pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.12pt;position:var(--position);text-decoration:none;white-space:pre">48</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:486pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total loans receivable</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:486pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:26.81pt;position:var(--position);text-decoration:none;white-space:pre">131</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:486pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">18,069,134<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:486pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">16,846,034<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:486pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.4pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:501pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:501pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.71pt;position:var(--position);text-decoration:none;white-space:pre">(284,440)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:516pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:516pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">17,784,694<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;position:var(--position);top:590pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:112.5pt;position:var(--position)"><span style="display:inline-block;height:8.32pt;width:18pt"></span></span></span><div style="font-size:0pt;left:58.5pt;position:var(--position);top:3.82pt;width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:604.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:7.22pt">N</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.72pt;position:var(--position);text-decoration:none;white-space:pre;width:403.63pt">et loan exposure reflects the amount of each loan that is subject to risk of credit loss to us as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:496.35pt;position:var(--position);text-decoration:none;white-space:pre;width:57.12pt">December 31,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:614.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:105.5pt;position:var(--position);text-decoration:none;white-space:pre;width:180.66pt">, which is our principal balance net of (i) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:286.15999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:60.55pt">$999.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.71pt;position:var(--position);text-decoration:none;white-space:pre;width:115.02pt"> of asset-specific debt, (ii) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:461.73pt;position:var(--position);text-decoration:none;white-space:pre;width:55.55pt">$24.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:517.28pt;position:var(--position);text-decoration:none;white-space:pre;width:36.15pt"> of cost-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:625.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:44.25pt">recovery p</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:129.75pt;position:var(--position);text-decoration:none;white-space:pre;width:261.28pt">roceeds, and (iii) our total loans receivable CECL reserve of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.03pt;position:var(--position);text-decoration:none;white-space:pre;width:60.65pt">$284.4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:451.68pt;position:var(--position);text-decoration:none;white-space:pre;width:25.52pt">. See </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.2pt;position:var(--position);text-decoration:none;white-space:pre;width:28.72pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:505.92pt;position:var(--position);text-decoration:none;white-space:pre;width:47.45pt"> for further</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:635.54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">discussion of loan participations sold. Our asset-specific debt is structurally non-recourse and term-matched to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:646.04pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:122.9pt">corresponding collateral loans.</span></div></div> 24 4503186000 4195901000 0.26 46 4161897000 3994054000 0.25 34 4461290000 3967961000 0.25 10 1743045000 1656740000 0.10 8 822936000 744291000 0.05 3 642244000 479964000 0.03 4 284772000 266408000 0.02 4 715360000 713113000 0.04 133 17334730000 16018432000 1 397835000 16936895000 47 4771723000 3980482000 0.25 19 2132423000 2028575000 0.13 23 1858650000 1774545000 0.11 6 637152000 506250000 0.03 3 476987000 472722000 0.03 98 9876935000 8762574000 0.55 16 2680430000 2667644000 0.17 4 1181561000 1175243000 0.07 3 1000931000 990480000 0.06 2 657798000 654260000 0.04 1 477022000 475327000 0.03 1 440265000 278678000 0.02 7 958513000 953482000 0.06 1 61275000 60744000 0 35 7457795000 7255858000 0.45 133 17334730000 16018432000 1 397835000 16936895000 972600000 20300000 397800000 37 4879422000 4556980000 0.27 46 4457767000 4305534000 0.26 21 4458487000 4114141000 0.24 12 1940693000 1827133000 0.11 6 674612000 596204000 0.03 3 659515000 492376000 0.03 4 284079000 277373000 0.02 2 714559000 676293000 0.04 131 18069134000 16846034000 1 284440000 17784694000 45 4715039000 3918928000 0.23 23 1963032000 1872531000 0.11 17 1893877000 1800387000 0.11 6 619726000 609433000 0.04 3 457215000 454507000 0.03 94 9648889000 8655786000 0.52 19 3595424000 3582983000 0.21 3 1141770000 1135749000 0.07 4 1104765000 1110648000 0.07 2 684109000 638112000 0.04 1 502124000 500917000 0.03 1 455407000 288504000 0.02 6 875579000 872527000 0.04 1 61067000 60808000 0 37 8420245000 8190248000 0.48 131 18069134000 16846034000 1 284440000 17784694000 999800000 24500000 284400000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">The following tables allocate the net book value and net loan exposure balances based on our internal risk ratings ($ in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:152.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:46.08pt">thousands):</span></div><div style="position:var(--position);top:163.7pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:144pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:129.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:129.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);width:347.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:347.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:150.41pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:144pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:144pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:51.68pt;position:var(--position);white-space:pre">Risk Rating</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.15pt;position:var(--position);white-space:pre">Number of Loans</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:12.75pt;width:129.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:38.01pt;position:var(--position);text-decoration:none;white-space:pre">Net Book Value</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:12.75pt;width:129.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:129.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:28.76pt;position:var(--position);white-space:pre">Net Loan Exposure</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:94.93pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:37.87pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:25.5pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:94.13pt"></span></span><span style="left:101.25999999999999pt;position:var(--position)">60,896<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:25.5pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:94.13pt"></span></span><span style="left:101.25999999999999pt;position:var(--position)">61,025<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39.75pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:39.75pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">21</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:39.75pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.12pt;position:var(--position);text-decoration:none;white-space:pre">2,884,735</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:39.75pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.12pt;position:var(--position);text-decoration:none;white-space:pre">2,715,318</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:54pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">85</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:54pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:86.62pt;position:var(--position);text-decoration:none;white-space:pre">11,667,474</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:54pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:86.62pt;position:var(--position);text-decoration:none;white-space:pre">10,798,610</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:68.25pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">17</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:68.25pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.12pt;position:var(--position);text-decoration:none;white-space:pre">2,026,473</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:68.25pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.12pt;position:var(--position);text-decoration:none;white-space:pre">1,969,169</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:82.5pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">5</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:82.5pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:37.87pt;position:var(--position);text-decoration:none;white-space:pre">9</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:82.5pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:97.87pt;position:var(--position);text-decoration:none;white-space:pre">695,152</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:82.5pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:97.87pt;position:var(--position);text-decoration:none;white-space:pre">474,310</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96.75pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total loans receivable</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:96.75pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:33.37pt;position:var(--position);text-decoration:none;white-space:pre">133</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:96.75pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:78.38pt"></span></span><span style="left:85.50999999999999pt;position:var(--position)">17,334,730<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:96.75pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:78.38pt"></span></span><span style="left:85.50999999999999pt;position:var(--position)">16,018,432<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:111pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.89pt;position:var(--position);text-decoration:none;white-space:pre">(397,835)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:125.25pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:125.25pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:78.38pt"></span></span><span style="left:85.50999999999999pt;position:var(--position)">16,936,895<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:6pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:145.5pt;width:347.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:347.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:141.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:158.25pt;width:144pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:144pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:51.68pt;position:var(--position);white-space:pre">Risk Rating</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:158.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.15pt;position:var(--position);white-space:pre">Number of Loans</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:158.25pt;width:129.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:129.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:38.01pt;position:var(--position);white-space:pre">Net Book Value</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:158.25pt;width:129.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:129.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:28.76pt;position:var(--position);white-space:pre">Net Loan Exposure</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:94.93pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:171pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:37.87pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:171pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:89.63pt"></span></span><span style="left:96.75999999999999pt;position:var(--position)">303,971<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:171pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:89.63pt"></span></span><span style="left:96.75999999999999pt;position:var(--position)">302,564<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:185.25pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:185.25pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">20</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:185.25pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.12pt;position:var(--position);text-decoration:none;white-space:pre">2,875,870</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:185.25pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.12pt;position:var(--position);text-decoration:none;white-space:pre">2,704,222</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:199.5pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:199.5pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">85</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:199.5pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:86.62pt;position:var(--position);text-decoration:none;white-space:pre">11,907,947</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:199.5pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:86.62pt;position:var(--position);text-decoration:none;white-space:pre">11,045,913</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:213.75pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:213.75pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">17</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:213.75pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.12pt;position:var(--position);text-decoration:none;white-space:pre">2,806,758</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:213.75pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.12pt;position:var(--position);text-decoration:none;white-space:pre">2,705,706</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:228pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:69.75pt;position:var(--position);text-decoration:none;white-space:pre">5</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:228pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:37.87pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:228pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:97.87pt;position:var(--position);text-decoration:none;white-space:pre">174,588</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:228pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:102.37pt;position:var(--position);text-decoration:none;white-space:pre">87,629</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:242.25pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total loans receivable</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:242.25pt;width:80.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:33.37pt;position:var(--position);text-decoration:none;white-space:pre">131</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:242.25pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:78.38pt"></span></span><span style="left:85.50999999999999pt;position:var(--position)">18,069,134<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:242.25pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:78.38pt"></span></span><span style="left:85.50999999999999pt;position:var(--position)">16,846,034<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:256.5pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:256.5pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:91.89pt;position:var(--position);text-decoration:none;white-space:pre">(284,440)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:270.75pt;width:144pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:270.75pt;width:129.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:78.38pt"></span></span><span style="left:85.50999999999999pt;position:var(--position)">17,784,694<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:453.7pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:463.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:407.7pt">Net loan exposure reflects the amount of each loan that is subject to risk of credit loss to us as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.2pt;position:var(--position);text-decoration:none;white-space:pre;width:57.68pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:475.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:170.04pt">which is our principal balance net of (i) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.54pt;position:var(--position);text-decoration:none;white-space:pre;width:60.06pt">$972.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:315.6pt;position:var(--position);text-decoration:none;white-space:pre;width:112.57pt"> of asset-specific debt, (ii) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.17pt;position:var(--position);text-decoration:none;white-space:pre;width:55.06pt">$20.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:483.23pt;position:var(--position);text-decoration:none;white-space:pre;width:70.12pt"> of cost-recovery</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:486.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:275.08pt">proceeds, and (iii) our total loans receivable CECL reserve of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.58pt;position:var(--position);text-decoration:none;white-space:pre;width:61.53pt">$397.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:422.11pt;position:var(--position);text-decoration:none;white-space:pre;width:131.26pt">. Our net loan exposure as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:498.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.7pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:164.2pt;position:var(--position);text-decoration:none;white-space:pre;width:98.88pt"> is our principal balance </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:263.08000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:37.7pt">net of (i) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:300.78pt;position:var(--position);text-decoration:none;white-space:pre;width:58.93pt">$999.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:359.71pt;position:var(--position);text-decoration:none;white-space:pre;width:106.92pt"> of asset-specific debt, (ii) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:466.63pt;position:var(--position);text-decoration:none;white-space:pre;width:53.93pt">$24.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:520.56pt;position:var(--position);text-decoration:none;white-space:pre;width:32.91pt"> of cost-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:509.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:297.83pt">recovery proceeds, and (iii) our total loans receivable CECL reserve of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:383.33pt;position:var(--position);text-decoration:none;white-space:pre;width:59.95pt">$284.4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:443.28pt;position:var(--position);text-decoration:none;white-space:pre;width:110.1pt">. Our asset-specific debt is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:521.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:325.42pt">structurally non-recourse and term-matched to the corresponding collateral loans.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">Our primary credit quality indicator is our risk ratings, which are further discussed above. The following tables present the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:172.03pt">net book value of our loan portfolio as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.53pt;position:var(--position);text-decoration:none;white-space:pre;width:56.98pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:287.51pt;position:var(--position);text-decoration:none;white-space:pre;width:20.59pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.1pt;position:var(--position);text-decoration:none;white-space:pre;width:79.7pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:387.8pt;position:var(--position);text-decoration:none;white-space:pre;width:165.52pt">, respectively, by year of origination and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:228pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:110.47pt">risk rating ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:245.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:494.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:84.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:84.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="13" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);width:406.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:98.19pt;position:var(--position);white-space:pre">Net Book Value of Loans Receivable by Year of Origination</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:302.25pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:84.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="13" style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:12.75pt;width:406.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:406.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:170.26pt;position:var(--position);text-decoration:none;white-space:pre">As of June 30, 2026</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:84.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:84.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.06pt;position:var(--position);white-space:pre">Risk Rating</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:25.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:25.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:25.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:25.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:25.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2022</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:25.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.65pt;position:var(--position);text-decoration:none;white-space:pre">Prior</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:25.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:38.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:38.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.88pt"></span></span><span style="left:27.009999999999998pt;position:var(--position)">60,896<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:38.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:38.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:38.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:38.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:38.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.88pt"></span></span><span style="left:27.009999999999998pt;position:var(--position)">60,896<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:52.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:52.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">909,370</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:52.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:28.12pt;position:var(--position);text-decoration:none;white-space:pre">61,275</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:52.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:52.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">238,535</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:52.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">1,675,555</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:52.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">2,884,735</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:66.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">1,241,733</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:66.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">4,058,785</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:66.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">276,302</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:66.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:66.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">2,452,411</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:66.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">3,638,243</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:66.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:12.37pt;position:var(--position);text-decoration:none;white-space:pre">11,667,474</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:81pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:81pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">148,775</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:81pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:81pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:81pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">151,863</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:81pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">1,725,835</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:81pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">2,026,473</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:95.25pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">5</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:95.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:95.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:95.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:95.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:95.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:28.12pt;position:var(--position);text-decoration:none;white-space:pre">92,116</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:95.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">603,036</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:95.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">695,152</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total loans receivable</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:109.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:8.63pt"></span></span><span style="left:15.760000000000002pt;position:var(--position)">1,241,733<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:109.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:8.63pt"></span></span><span style="left:15.760000000000002pt;position:var(--position)">5,177,826<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:109.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:15.38pt"></span></span><span style="left:22.509999999999998pt;position:var(--position)">337,577<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:109.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:109.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:8.63pt"></span></span><span style="left:15.760000000000002pt;position:var(--position)">2,934,925<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:109.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:8.63pt"></span></span><span style="left:15.760000000000002pt;position:var(--position)">7,642,669<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:109.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:4.13pt"></span></span><span style="left:11.260000000000002pt;position:var(--position)">17,334,730<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:123.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:17.64pt;position:var(--position);text-decoration:none;white-space:pre">(397,835)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:138pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:4.13pt"></span></span><span style="left:11.260000000000002pt;position:var(--position)">16,936,895<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:166.5pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.114pt;width:84.75pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.364pt;white-space:pre">Gross charge-offs</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:66.78999999999999pt;position:var(--position);top:-4.285pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:166.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:166.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:166.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:166.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:166.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:22.14pt;position:var(--position);text-decoration:none;white-space:pre">(29,380)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:166.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:22.14pt;position:var(--position);text-decoration:none;white-space:pre">(45,691)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:166.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:16.89pt"></span></span><span style="left:24.02pt;position:var(--position)">(75,071)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:440.95pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:494.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:84.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:55.5pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:84.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.49pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="13" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);width:406.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:98.19pt;position:var(--position);white-space:pre">Net Book Value of Loans Receivable by Year of Origination</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:302.25pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:84.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.49pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="13" style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:14.25pt;width:406.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:406.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:161.17pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31, 2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:84.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:84.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.06pt;position:var(--position);white-space:pre">Risk Rating</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:28.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:28.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:28.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:28.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2022</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:28.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.75pt;position:var(--position);text-decoration:none;white-space:pre">2021</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:28.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.65pt;position:var(--position);text-decoration:none;white-space:pre">Prior</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:28.5pt;width:55.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:42.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:42.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:42.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:42.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:15.38pt"></span></span><span style="left:22.509999999999998pt;position:var(--position)">151,674<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:42.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.88pt"></span></span><span style="left:27.009999999999998pt;position:var(--position)">98,329<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:42.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.88pt"></span></span><span style="left:27.009999999999998pt;position:var(--position)">53,968<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:15.38pt"></span></span><span style="left:22.509999999999998pt;position:var(--position)">303,971<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:57pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">792,802</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:57pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:28.12pt;position:var(--position);text-decoration:none;white-space:pre">61,068</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:57pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:57pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">586,066</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:57pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">1,265,922</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:57pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">170,012</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:57pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">2,875,870</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:71.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">4,335,677</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:71.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:15.38pt"></span></span><span style="left:22.509999999999998pt;position:var(--position)">274,866<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:71.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:71.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">2,592,446</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:71.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">2,869,787</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:71.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">1,835,171</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:71.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:12.37pt;position:var(--position);text-decoration:none;white-space:pre">11,907,947</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:85.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:85.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:85.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:85.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">367,804</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:85.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">582,317</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:85.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">1,856,637</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:85.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:16.87pt;position:var(--position);text-decoration:none;white-space:pre">2,806,758</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99.75pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">5</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:99.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:99.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:99.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:99.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:99.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:28.12pt;position:var(--position);text-decoration:none;white-space:pre">31,700</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:99.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">142,888</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:99.75pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:23.62pt;position:var(--position);text-decoration:none;white-space:pre">174,588</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total loans receivable</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:114pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:8.63pt"></span></span><span style="left:15.760000000000002pt;position:var(--position)">5,128,479<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:114pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:15.38pt"></span></span><span style="left:22.509999999999998pt;position:var(--position)">335,934<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:114pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:35.63pt"></span></span><span style="left:42.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:114pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:8.63pt"></span></span><span style="left:15.760000000000002pt;position:var(--position)">3,697,990<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:114pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:8.63pt"></span></span><span style="left:15.760000000000002pt;position:var(--position)">4,848,055<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:114pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:8.63pt"></span></span><span style="left:15.760000000000002pt;position:var(--position)">4,058,676<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:114pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:4.13pt"></span></span><span style="left:11.260000000000002pt;position:var(--position)">18,069,134<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CECL reserve</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:128.25pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:17.64pt;position:var(--position);text-decoration:none;white-space:pre">(284,440)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:142.5pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:142.5pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:4.13pt"></span></span><span style="left:11.260000000000002pt;position:var(--position)">17,784,694<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:84.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.114pt;width:84.75pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.364pt;white-space:pre">Gross charge-offs</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:66.78999999999999pt;position:var(--position);top:-4.285pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:171pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:146.25pt;position:var(--position);top:171pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:171pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:43.87pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:263.25pt;position:var(--position);top:171pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:22.14pt;position:var(--position);text-decoration:none;white-space:pre">(54,404)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:171pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:17.64pt;position:var(--position);text-decoration:none;white-space:pre">(214,796)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:171pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:17.64pt;position:var(--position);text-decoration:none;white-space:pre">(286,916)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:171pt;width:55.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:55.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:12.39pt"></span></span><span style="left:19.52pt;position:var(--position)">(556,116)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:631.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:0pt;left:58.5pt;position:var(--position);top:2.43pt;width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:645.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">Date loan was originated or acquired by us. Origination dates are subsequently updated to reflect material loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:657.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:57.43pt">modifications.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:668.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre">Represents charge-offs by year of origination during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:312.49pt;position:var(--position);text-decoration:none;white-space:pre">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:382.44pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:384.94pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.76pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:460.19pt;position:var(--position);text-decoration:none;white-space:pre">year ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:503.74pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:680.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:164.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre">, respectively</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:217.29pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div> 1 60896000 61025000 21 2884735000 2715318000 85 11667474000 10798610000 17 2026473000 1969169000 9 695152000 474310000 133 17334730000 16018432000 397835000 16936895000 3 303971000 302564000 20 2875870000 2704222000 85 11907947000 11045913000 17 2806758000 2705706000 6 174588000 87629000 131 18069134000 16846034000 284440000 17784694000 972600000 20300000 397800000 999800000 24500000 284400000 3.0 3.0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.32pt;position:var(--position);text-decoration:none;white-space:pre;width:82.11pt">The following table</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:354.25pt">presents the activity in our loans receivable CECL reserve by investment pool for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:412.75pt;position:var(--position);text-decoration:none;white-space:pre;width:79.87pt">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:492.62pt;position:var(--position);text-decoration:none;white-space:pre;width:3.31pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:495.93pt;position:var(--position);text-decoration:none;white-space:pre;width:57.44pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:16.93pt">and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:75.43pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:95.43pt;position:var(--position);text-decoration:none;white-space:pre;width:69.68pt"> ($ in thousands):</span></div><div style="position:var(--position);top:117.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:216.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:216.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.99pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.05pt;position:var(--position);white-space:pre">U.S. Loans</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:42.14pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.08pt;position:var(--position);text-decoration:none;white-space:pre">Non-U.S.</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.18pt;position:var(--position);text-decoration:none;white-space:pre"> Loans</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.19pt;position:var(--position);text-decoration:none;white-space:pre">Unique</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.18pt;position:var(--position);text-decoration:none;white-space:pre"> Loans</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.64pt;position:var(--position);text-decoration:none;white-space:pre">Impaired</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.18pt;position:var(--position);text-decoration:none;white-space:pre"> Loans</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.52pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21.75pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans Receivable, Net</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:21.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:21.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:21.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:21.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:21.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36.75pt;width:216.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);white-space:pre">CECL reserves as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.9pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:36.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">101,180<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:36.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">45,470<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:36.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">50,465<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:36.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">87,325<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:36.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">284,440<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40pt;position:var(--position);text-decoration:none;white-space:pre">Increase (decrease) in CECL reserves</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:51.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.12pt;position:var(--position);text-decoration:none;white-space:pre">15,673</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:51.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.46pt;position:var(--position);text-decoration:none;white-space:pre">(6,305)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:51.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">182</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:51.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.12pt;position:var(--position);text-decoration:none;white-space:pre">44,051</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:51.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">53,601<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40pt;position:var(--position);text-decoration:none;white-space:pre">Charge-offs of CECL reserves</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:66.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:66.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:66.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:66.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.46pt;position:var(--position);text-decoration:none;white-space:pre">(46,451)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:66.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">(46,451)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81.75pt;width:216.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);white-space:pre">CECL reserves as of March 31, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:148.48pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:81.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">116,853<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:81.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">39,165<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:81.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">50,647<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:81.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">84,925<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:81.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">291,590<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96.75pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40pt;position:var(--position);text-decoration:none;white-space:pre">Increase (decrease) in CECL reserves</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:96.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">980</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:96.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.12pt;position:var(--position);text-decoration:none;white-space:pre">21,358</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:96.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.46pt;position:var(--position);text-decoration:none;white-space:pre">(50,647)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:96.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18.12pt;position:var(--position);text-decoration:none;white-space:pre">163,174</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:96.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">134,865<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40pt;position:var(--position);text-decoration:none;white-space:pre">Charge-offs of CECL reserves</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:111.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:111.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:111.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:111.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.46pt;position:var(--position);text-decoration:none;white-space:pre">(28,620)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:111.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">(28,620)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126.75pt;width:216.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);white-space:pre">CECL reserves as of June 30, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.72pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:126.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">117,833<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:126.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">60,523<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:126.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:126.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">219,479<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:126.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">397,835<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:157.5pt;width:216.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);white-space:pre">CECL reserves as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.9pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:157.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">80,057<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:157.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">26,141<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:157.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">47,087<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:157.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">580,651<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:157.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">733,936<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:172.5pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40pt;position:var(--position);text-decoration:none;white-space:pre">Increase in CECL reserves</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:172.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">17,604<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:172.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">13,796<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:172.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.04pt"></span></span><span style="left:26.669999999999998pt;position:var(--position)">1,477<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:172.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">16,552<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:172.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">49,429<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:187.5pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40pt;position:var(--position);text-decoration:none;white-space:pre">Charge-offs of CECL reserves</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:187.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:187.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:187.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:187.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">(41,824)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:187.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">(41,824)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:202.5pt;width:216.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);white-space:pre">CECL reserves as of March 31, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:148.48pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:202.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">97,661<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:202.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">39,937<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:202.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">48,564<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:202.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">555,379<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:202.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">741,541<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:217.5pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40pt;position:var(--position);text-decoration:none;white-space:pre">(Decrease) increase in CECL reserves</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:217.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.71pt"></span></span><span style="left:23.34pt;position:var(--position)">(6,759)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:217.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.71pt"></span></span><span style="left:23.34pt;position:var(--position)">(1,568)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:217.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.04pt"></span></span><span style="left:26.669999999999998pt;position:var(--position)">4,249<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:217.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">48,445<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:217.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">44,367<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:232.5pt;width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40pt;position:var(--position);text-decoration:none;white-space:pre">Charge-offs of CECL reserves</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:232.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:232.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:232.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:232.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">(45,057)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:232.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">(45,057)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:247.5pt;width:216.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:216.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);white-space:pre">CECL reserves as of June 30, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:216.75pt;position:var(--position);top:247.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">90,902<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:247.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">38,369<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:247.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">52,813<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:385.5pt;position:var(--position);top:247.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">558,767<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:441.75pt;position:var(--position);top:247.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">740,851<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;position:var(--position);top:385pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:112.5pt;position:var(--position)"><span style="display:inline-block;height:8.32pt;width:18pt"></span></span></span><div style="font-size:0pt;left:58.5pt;position:var(--position);top:5.32pt;width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:36.35pt">Includes </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.85pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:136.28pt;position:var(--position);text-decoration:none;white-space:pre;width:230.56pt"> U.S. dollar-denominated loan that is located in Bermuda.</span> 101180000 45470000 50465000 87325000 284440000 15673000 -6305000 182000 44051000 53601000 0 0 0 46451000 46451000 116853000 39165000 50647000 84925000 291590000 980000 21358000 -50647000 163174000 134865000 0 0 0 28620000 28620000 117833000 60523000 0 219479000 397835000 80057000 26141000 47087000 580651000 733936000 17604000 13796000 1477000 16552000 49429000 0 0 0 41824000 41824000 97661000 39937000 48564000 555379000 741541000 -6759000 -1568000 4249000 48445000 44367000 0 0 0 45057000 45057000 90902000 38369000 52813000 558767000 740851000 106200000 134600000 -28300000 397800000 3 502000000.0 7100000 3 28600000 1 219500000 9 695200000 148800000 0 60896000 0 0 0 0 60896000 0 909370000 61275000 0 238535000 1675555000 2884735000 1241733000 4058785000 276302000 0 2452411000 3638243000 11667474000 0 148775000 0 0 151863000 1725835000 2026473000 0 0 0 0 92116000 603036000 695152000 1241733000 5177826000 337577000 0 2934925000 7642669000 17334730000 397835000 16936895000 0 0 0 0 29380000 45691000 75071000 0 0 0 151674000 98329000 53968000 303971000 792802000 61068000 0 586066000 1265922000 170012000 2875870000 4335677000 274866000 0 2592446000 2869787000 1835171000 11907947000 0 0 0 367804000 582317000 1856637000 2806758000 0 0 0 0 31700000 142888000 174588000 5128479000 335934000 0 3697990000 4848055000 4058676000 18069134000 284440000 17784694000 0 0 0 54404000 214796000 286916000 556116000 1 P4Y3M18D -0.0356 122300000 0.007 34700000 2 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:none;white-space:pre">OWNED REAL ESTATE, NET</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:338.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.12pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.62pt;position:var(--position);text-decoration:none;white-space:pre;width:58.5pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:144.12pt;position:var(--position);text-decoration:none;white-space:pre;width:22.11pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:166.23000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:81.22pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:247.45pt;position:var(--position);text-decoration:none;white-space:pre;width:40.1pt">, we had </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:287.55pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">14</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:297.55pt;position:var(--position);text-decoration:none;white-space:pre;width:22.11pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:319.66pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">12</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:329.66pt;position:var(--position);text-decoration:none;white-space:pre;width:212.12pt"> owned real estate assets, respectively. During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.78pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">six</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:350pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.22pt">months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.72pt;position:var(--position);text-decoration:none;white-space:pre;width:2.93pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:117.65pt;position:var(--position);text-decoration:none;white-space:pre;width:56.68pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.32999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:5.43pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:179.76pt;position:var(--position);text-decoration:none;white-space:pre;width:51.9pt">we acquired </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:231.66pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:246.65pt;position:var(--position);text-decoration:none;white-space:pre;width:73.12pt"> owned real estate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:319.77pt;position:var(--position);text-decoration:none;white-space:pre;width:63.19pt"> assets through </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:382.96pt;position:var(--position);text-decoration:none;white-space:pre;width:95.58pt">foreclosure transactions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:478.54pt;position:var(--position);text-decoration:none;white-space:pre;width:74.8pt"> with an aggregate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:361.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:81.51pt">acquisition price of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.01pt;position:var(--position);text-decoration:none;white-space:pre;width:59.48pt">$191.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.49pt;position:var(--position);text-decoration:none;white-space:pre;width:61.78pt">. We allocated </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:261.27pt;position:var(--position);text-decoration:none;white-space:pre;width:59.48pt">$128.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:320.75pt;position:var(--position);text-decoration:none;white-space:pre;width:167.26pt"> to building and building improvements, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:488.01pt;position:var(--position);text-decoration:none;white-space:pre;width:54.48pt">$51.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:542.49pt;position:var(--position);text-decoration:none;white-space:pre;width:10.9pt"> to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:373pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:125.97pt">land and land improvements, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:184.47pt;position:var(--position);text-decoration:none;white-space:pre;width:50.72pt">$4.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:235.19pt;position:var(--position);text-decoration:none;white-space:pre;width:148.55pt"> to acquired intangible assets, and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:383.74pt;position:var(--position);text-decoration:none;white-space:pre;width:50.72pt">$5.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.46pt;position:var(--position);text-decoration:none;white-space:pre;width:118.97pt"> to other components of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:384.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:428.06pt">purchase price, including cash held in reserves at the time of acquisition. In aggregate, we charged off </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:486.56pt;position:var(--position);text-decoration:none;white-space:pre;width:54.91pt">$76.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.47pt;position:var(--position);text-decoration:none;white-space:pre;width:11.89pt"> of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:396pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">CECL reserves relating to the loans that had previously been secured by these assets, as the loans’ aggregate carrying value</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:407.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.87pt">of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:69.37pt;position:var(--position);text-decoration:none;white-space:pre;width:58.89pt">$267.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:128.26pt;position:var(--position);text-decoration:none;white-space:pre;width:354.31pt"> at the time of the acquisitions exceeded the acquisition date fair value noted above. See </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.57pt;position:var(--position);text-decoration:none;white-space:pre;width:26.96pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:509.53pt;position:var(--position);text-decoration:none;white-space:pre;width:43.93pt"> for further</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:419pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:124.3pt">discussion of owned real estate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.8pt;position:var(--position);text-decoration:none;white-space:pre;width:28.3pt"> assets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:448.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Acquisitions </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:466pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.37pt">The acquisition of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:136.87pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.86pt;position:var(--position);text-decoration:none;white-space:pre;width:150.85pt"> owned real estate assets during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:302.71000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:72.07pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:374.78pt;position:var(--position);text-decoration:none;white-space:pre;width:3.56pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:378.34pt;position:var(--position);text-decoration:none;white-space:pre;width:57.94pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:436.28pt;position:var(--position);text-decoration:none;white-space:pre;width:117.09pt"> were accounted for as asset</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:477.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:479.32pt">acquisitions under ASC 805, and we recognized the properties as owned real estate assets held for investment. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:537.8199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:15.53pt">The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:340.28pt">following table presents the owned real estate assets that were acquired during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:398.78pt;position:var(--position);text-decoration:none;white-space:pre;width:71.47pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:470.25pt;position:var(--position);text-decoration:none;white-space:pre;width:3.26pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.51pt;position:var(--position);text-decoration:none;white-space:pre;width:57.34pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:530.85pt;position:var(--position);text-decoration:none;white-space:pre;width:22.62pt"> ($ in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:500.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:46.08pt">thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:518pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:125.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:125.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:125.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:110.25pt"></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:125.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:34.1pt;position:var(--position);text-decoration:none;white-space:pre">Acquisition Date</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:128.25pt;position:var(--position);width:125.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:47.52pt;position:var(--position);text-decoration:none;white-space:pre">Location</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);width:125.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:37.65pt;position:var(--position);text-decoration:none;white-space:pre">Property Type</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);width:110.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:110.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.28pt;position:var(--position);text-decoration:none;white-space:pre">Acquisition Date Fair Value</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:125.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">March 2026</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:128.25pt;position:var(--position);top:12.75pt;width:125.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">San Francisco, CA</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:12.75pt;width:125.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Hospitality</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);top:12.75pt;width:110.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:110.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:71.04pt"></span></span><span style="left:78.67pt;position:var(--position)">41,082<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:125.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">June 2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:128.25pt;position:var(--position);top:27.75pt;width:125.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Dallas, TX</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:27.75pt;width:125.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Multifamily</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);top:27.75pt;width:110.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:110.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:71.04pt"></span></span><span style="left:73.67pt;position:var(--position)">149,906<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);top:42.75pt;width:110.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:110.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:66.04pt"></span></span><span style="left:73.67pt;position:var(--position)">190,988<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Dispositions </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:48.2pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.7pt;position:var(--position);text-decoration:none;white-space:pre;width:72.63pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:179.32999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:3.84pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:183.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:58.5pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.67pt;position:var(--position);text-decoration:none;white-space:pre;width:136.41pt">, we completed a partial sale of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:378.08pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:392.51pt;position:var(--position);text-decoration:none;white-space:pre;width:160.86pt"> owned real estate asset, a multifamily</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:405.97pt">property located in San Antonio, TX. The carrying value of the asset at the time of disposition was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:464.47pt;position:var(--position);text-decoration:none;white-space:pre;width:54.36pt">$15.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:518.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:34.6pt">, and we</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:129.11pt">received net cash proceeds of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:187.61pt;position:var(--position);text-decoration:none;white-space:pre;width:55.65pt">$15.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:243.26pt;position:var(--position);text-decoration:none;white-space:pre;width:115.84pt">, resulting in a net loss of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:359.1pt;position:var(--position);text-decoration:none;white-space:pre;width:50.65pt">$0.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.75pt;position:var(--position);text-decoration:none;white-space:pre;width:97.25pt">, which is included in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:507pt;position:var(--position);text-decoration:none;white-space:pre;width:46.35pt">net loss on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:126.52pt">disposition of owned real estate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:185.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:183.42pt"> on our consolidated statements of operations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:129.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">The following table presents the assets and liabilities related to owned real estate held for investment included in our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:180.07pt">consolidated balance sheets ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:158.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:334.5pt"></td><td style="padding:0;width:78.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:78.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.06pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Building and building improvements</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:27.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">844,474<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:27.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">708,097<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Land and land improvements</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:42.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.54pt"></span></span><span style="left:42.17pt;position:var(--position)">507,719<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:42.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.54pt"></span></span><span style="left:42.17pt;position:var(--position)">461,585<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:57.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:27.04pt"></span></span><span style="left:34.67pt;position:var(--position)">1,352,193<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:57.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:27.04pt"></span></span><span style="left:34.67pt;position:var(--position)">1,169,682<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: accumulated depreciation</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:72.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.96pt;position:var(--position);text-decoration:none;white-space:pre">(55,204)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:72.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.96pt;position:var(--position);text-decoration:none;white-space:pre">(34,707)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.62pt;position:var(--position);text-decoration:none;white-space:pre">Owned real estate, net</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:87.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:27.04pt"></span></span><span style="left:34.67pt;position:var(--position)">1,296,989<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:87.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:27.04pt"></span></span><span style="left:34.67pt;position:var(--position)">1,134,975<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Intangible real estate assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:117.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">163,108<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:117.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">161,690<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: accumulated amortization</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:132.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">(62,191)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:132.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">(44,601)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.63pt;position:var(--position);white-space:pre">Intangible real estate assets, net</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:155.81pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:147.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">100,917<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:147.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">117,089<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:192pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Intangible real estate liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:192pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">3,985<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:192pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">3,985<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:207pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: accumulated amortization</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:207pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(1,072)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:207pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.71pt"></span></span><span style="left:56.34pt;position:var(--position)">(570)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:222pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.63pt;position:var(--position);white-space:pre">Intangible real estate liabilities, net</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:169.65pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:222pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">2,913<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:222pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">3,415<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:400.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:410pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:292.99pt">Included within other assets on our consolidated balance sheets. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:378.49pt;position:var(--position);text-decoration:none;white-space:pre;width:26.92pt">Note 6</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:405.41pt;position:var(--position);text-decoration:none;white-space:pre;width:96.02pt"> for further information.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:421.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:306.83pt">Included within other liabilities on our consolidated balance sheets. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:392.33pt;position:var(--position);text-decoration:none;white-space:pre;width:26.92pt">Note 6</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:419.25pt;position:var(--position);text-decoration:none;white-space:pre;width:96.02pt"> for further information.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:445pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:360.46pt">Revenue and expenses from owned real estate consisted of the following ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:418.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:462.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:243pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.62pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Rental revenue</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">24,024<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">16,207<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">48,198<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">30,541<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Hospitality revenue</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">42,802<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">16,643<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">87,263<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">33,679<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other operating revenue</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">8,671<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">5,962<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">14,630<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">11,625<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Revenue from owned real estate</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">75,497<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">38,812<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">150,091<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">75,845<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:101.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">61,128<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:101.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">31,089<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:101.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">122,218<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:101.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">61,177<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:116.25pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation and amortization expense</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:116.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">20,312<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:116.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">16,707<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:116.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">41,197<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:116.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">32,921<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:131.25pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total expenses from owned real estate</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:131.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">81,440<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:131.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">47,796<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:131.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">163,415<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:131.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">94,098<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Loss from owned real estate</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:162pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:23.21pt"></span></span><span style="left:30.84pt;position:var(--position)">(5,943)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:162pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:23.21pt"></span></span><span style="left:30.84pt;position:var(--position)">(8,984)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:162pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.21pt"></span></span><span style="left:25.84pt;position:var(--position)">(13,324)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:162pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.21pt"></span></span><span style="left:25.84pt;position:var(--position)">(18,253)</span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">The following table presents the undiscounted future minimum rents we expect to receive for our office properties as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.64pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.14pt;position:var(--position);text-decoration:none;white-space:pre;width:438.25pt">. Leases at our multifamily assets are short term, generally 12 months or less, and are therefore not included</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:64.41pt">($ in thousands)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:363.75pt"></td><td style="padding:0;width:131.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25pt;position:var(--position);text-decoration:none;white-space:pre">Future Minimum Rents</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:363.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:363.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026 (remaining)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:12.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:92.04pt"></span></span><span style="left:99.67pt;position:var(--position)">63,269<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:363.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:363.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:27.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:97.04pt"></span></span><span style="left:99.67pt;position:var(--position)">76,254<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:363.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:363.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:42.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:97.04pt"></span></span><span style="left:99.67pt;position:var(--position)">65,912<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:363.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:363.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:57.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:97.04pt"></span></span><span style="left:99.67pt;position:var(--position)">52,556<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:363.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:363.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:72.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:97.04pt"></span></span><span style="left:99.67pt;position:var(--position)">45,884<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:363.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:363.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:87.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:92.04pt"></span></span><span style="left:94.67pt;position:var(--position)">132,503<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:363.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:363.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:102.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:87.04pt"></span></span><span style="left:94.67pt;position:var(--position)">436,378<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:229.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">The following table presents the estimated future amortization of lease intangibles for each of the next five years and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:240.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.57pt">thereafter as </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:110.07pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:165.89pt;position:var(--position);text-decoration:none;white-space:pre;width:69.68pt"> ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:258.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:144.75pt"></td><td style="padding:0;width:114.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:114.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:114.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);width:114.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.52pt;position:var(--position);text-decoration:none;white-space:pre">In-place lease intangibles</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);width:114.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.87pt;position:var(--position);text-decoration:none;white-space:pre">Above-market lease intangibles</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);width:114.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.31pt;position:var(--position);text-decoration:none;white-space:pre">Below-market lease intangibles</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026 (remaining)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:12.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:75.54pt"></span></span><span style="left:83.17pt;position:var(--position)">17,367<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:12.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:80.54pt"></span></span><span style="left:88.17pt;position:var(--position)">2,991<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:12.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:84.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(461)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:27.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:80.54pt"></span></span><span style="left:83.17pt;position:var(--position)">18,406<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:27.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">4,248<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:27.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(769)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:42.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:80.54pt"></span></span><span style="left:83.17pt;position:var(--position)">13,119<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:42.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">3,408<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:42.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(644)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:57.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">9,861<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:57.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">2,518<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:57.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(491)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:72.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">7,382<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:72.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">2,165<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:72.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(304)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:87.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:80.54pt"></span></span><span style="left:83.17pt;position:var(--position)">14,363<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:87.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">5,089<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:87.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(244)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:102.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:75.54pt"></span></span><span style="left:83.17pt;position:var(--position)">80,498<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:102.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:75.54pt"></span></span><span style="left:83.17pt;position:var(--position)">20,419<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:102.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:77.21pt"></span></span><span style="left:84.83999999999999pt;position:var(--position)">(2,913)</span></span></div></div></div></td></tr></tbody></table></div></div></div> 14 12 2 191000000.0 128800000 51600000 4800000 5800000 76200000 267200000 2 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:537.8199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:15.53pt">The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:340.28pt">following table presents the owned real estate assets that were acquired during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:398.78pt;position:var(--position);text-decoration:none;white-space:pre;width:71.47pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:470.25pt;position:var(--position);text-decoration:none;white-space:pre;width:3.26pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.51pt;position:var(--position);text-decoration:none;white-space:pre;width:57.34pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:530.85pt;position:var(--position);text-decoration:none;white-space:pre;width:22.62pt"> ($ in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:500.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:46.08pt">thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:518pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:125.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:125.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:125.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:110.25pt"></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:125.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:34.1pt;position:var(--position);text-decoration:none;white-space:pre">Acquisition Date</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:128.25pt;position:var(--position);width:125.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:47.52pt;position:var(--position);text-decoration:none;white-space:pre">Location</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);width:125.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:37.65pt;position:var(--position);text-decoration:none;white-space:pre">Property Type</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);width:110.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:110.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.28pt;position:var(--position);text-decoration:none;white-space:pre">Acquisition Date Fair Value</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:125.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">March 2026</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:128.25pt;position:var(--position);top:12.75pt;width:125.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">San Francisco, CA</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:12.75pt;width:125.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Hospitality</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);top:12.75pt;width:110.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:110.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:71.04pt"></span></span><span style="left:78.67pt;position:var(--position)">41,082<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:125.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">June 2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:128.25pt;position:var(--position);top:27.75pt;width:125.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Dallas, TX</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:27.75pt;width:125.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Multifamily</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);top:27.75pt;width:110.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:110.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:71.04pt"></span></span><span style="left:73.67pt;position:var(--position)">149,906<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);top:42.75pt;width:110.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:110.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:66.04pt"></span></span><span style="left:73.67pt;position:var(--position)">190,988<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 41082000 149906000 190988000 1 15300000 15100000 -200000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">The following table presents the assets and liabilities related to owned real estate held for investment included in our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:180.07pt">consolidated balance sheets ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:158.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:334.5pt"></td><td style="padding:0;width:78.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:78.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.06pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Building and building improvements</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:27.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">844,474<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:27.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">708,097<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Land and land improvements</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:42.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.54pt"></span></span><span style="left:42.17pt;position:var(--position)">507,719<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:42.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.54pt"></span></span><span style="left:42.17pt;position:var(--position)">461,585<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:57.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:27.04pt"></span></span><span style="left:34.67pt;position:var(--position)">1,352,193<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:57.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:27.04pt"></span></span><span style="left:34.67pt;position:var(--position)">1,169,682<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: accumulated depreciation</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:72.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.96pt;position:var(--position);text-decoration:none;white-space:pre">(55,204)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:72.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.96pt;position:var(--position);text-decoration:none;white-space:pre">(34,707)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.62pt;position:var(--position);text-decoration:none;white-space:pre">Owned real estate, net</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:87.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:27.04pt"></span></span><span style="left:34.67pt;position:var(--position)">1,296,989<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:87.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:27.04pt"></span></span><span style="left:34.67pt;position:var(--position)">1,134,975<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Intangible real estate assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:117.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">163,108<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:117.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">161,690<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: accumulated amortization</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:132.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">(62,191)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:132.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.21pt"></span></span><span style="left:43.84pt;position:var(--position)">(44,601)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147.75pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.63pt;position:var(--position);white-space:pre">Intangible real estate assets, net</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:155.81pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:147.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">100,917<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:147.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">117,089<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:192pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Intangible real estate liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:192pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">3,985<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:192pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">3,985<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:207pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: accumulated amortization</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:207pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(1,072)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:207pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.71pt"></span></span><span style="left:56.34pt;position:var(--position)">(570)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:222pt;width:334.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:334.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.63pt;position:var(--position);white-space:pre">Intangible real estate liabilities, net</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:169.65pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:222pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">2,913<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:222pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">3,415<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:400.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:410pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:292.99pt">Included within other assets on our consolidated balance sheets. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:378.49pt;position:var(--position);text-decoration:none;white-space:pre;width:26.92pt">Note 6</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:405.41pt;position:var(--position);text-decoration:none;white-space:pre;width:96.02pt"> for further information.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:421.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:306.83pt">Included within other liabilities on our consolidated balance sheets. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:392.33pt;position:var(--position);text-decoration:none;white-space:pre;width:26.92pt">Note 6</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:419.25pt;position:var(--position);text-decoration:none;white-space:pre;width:96.02pt"> for further information.</span></div> 844474000 708097000 507719000 461585000 1352193000 1169682000 55204000 34707000 1296989000 1134975000 163108000 161690000 62191000 44601000 100917000 117089000 3985000 3985000 -1072000 -570000 2913000 3415000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:360.46pt">Revenue and expenses from owned real estate consisted of the following ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:418.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:462.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:243pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.62pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Rental revenue</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">24,024<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">16,207<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">48,198<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">30,541<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Hospitality revenue</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">42,802<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">16,643<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">87,263<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">33,679<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other operating revenue</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">8,671<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">5,962<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">14,630<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">11,625<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Revenue from owned real estate</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">75,497<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">38,812<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">150,091<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">75,845<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:101.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">61,128<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:101.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">31,089<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:101.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">122,218<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:101.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">61,177<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:116.25pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation and amortization expense</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:116.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">20,312<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:116.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">16,707<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:116.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">41,197<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:116.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">32,921<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:131.25pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total expenses from owned real estate</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:131.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">81,440<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:131.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">47,796<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:131.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">163,415<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:131.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">94,098<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Loss from owned real estate</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:162pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:23.21pt"></span></span><span style="left:30.84pt;position:var(--position)">(5,943)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:162pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:23.21pt"></span></span><span style="left:30.84pt;position:var(--position)">(8,984)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:162pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.21pt"></span></span><span style="left:25.84pt;position:var(--position)">(13,324)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:162pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.21pt"></span></span><span style="left:25.84pt;position:var(--position)">(18,253)</span></span></div></div></div></td></tr></tbody></table></div></div></div> 24024000 16207000 48198000 30541000 42802000 16643000 87263000 33679000 8671000 5962000 14630000 11625000 75497000 38812000 150091000 75845000 61128000 31089000 122218000 61177000 20312000 16707000 41197000 32921000 81440000 47796000 163415000 94098000 -5943000 -8984000 -13324000 -18253000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">The following table presents the undiscounted future minimum rents we expect to receive for our office properties as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.64pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.14pt;position:var(--position);text-decoration:none;white-space:pre;width:438.25pt">. Leases at our multifamily assets are short term, generally 12 months or less, and are therefore not included</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:64.41pt">($ in thousands)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:363.75pt"></td><td style="padding:0;width:131.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25pt;position:var(--position);text-decoration:none;white-space:pre">Future Minimum Rents</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:363.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:363.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026 (remaining)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:12.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:92.04pt"></span></span><span style="left:99.67pt;position:var(--position)">63,269<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:363.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:363.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:27.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:97.04pt"></span></span><span style="left:99.67pt;position:var(--position)">76,254<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:363.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:363.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:42.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:97.04pt"></span></span><span style="left:99.67pt;position:var(--position)">65,912<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:363.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:363.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:57.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:97.04pt"></span></span><span style="left:99.67pt;position:var(--position)">52,556<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:363.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:363.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:72.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:97.04pt"></span></span><span style="left:99.67pt;position:var(--position)">45,884<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:363.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:363.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:87.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:92.04pt"></span></span><span style="left:94.67pt;position:var(--position)">132,503<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:363.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:363.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:102.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:87.04pt"></span></span><span style="left:94.67pt;position:var(--position)">436,378<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 63269000 76254000 65912000 52556000 45884000 132503000 436378000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">The following table presents the estimated future amortization of lease intangibles for each of the next five years and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:240.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.57pt">thereafter as </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:110.07pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:165.89pt;position:var(--position);text-decoration:none;white-space:pre;width:69.68pt"> ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:258.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:144.75pt"></td><td style="padding:0;width:114.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:114.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:114.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);width:114.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.52pt;position:var(--position);text-decoration:none;white-space:pre">In-place lease intangibles</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);width:114.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.87pt;position:var(--position);text-decoration:none;white-space:pre">Above-market lease intangibles</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);width:114.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.31pt;position:var(--position);text-decoration:none;white-space:pre">Below-market lease intangibles</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026 (remaining)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:12.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:75.54pt"></span></span><span style="left:83.17pt;position:var(--position)">17,367<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:12.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:80.54pt"></span></span><span style="left:88.17pt;position:var(--position)">2,991<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:12.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:84.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(461)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:27.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:80.54pt"></span></span><span style="left:83.17pt;position:var(--position)">18,406<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:27.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">4,248<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:27.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(769)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:42.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:80.54pt"></span></span><span style="left:83.17pt;position:var(--position)">13,119<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:42.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">3,408<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:42.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(644)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:57.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">9,861<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:57.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">2,518<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:57.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(491)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:72.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">7,382<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:72.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">2,165<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:72.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(304)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:87.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:80.54pt"></span></span><span style="left:83.17pt;position:var(--position)">14,363<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:87.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">5,089<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:87.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(244)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:102.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:75.54pt"></span></span><span style="left:83.17pt;position:var(--position)">80,498<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:102.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:75.54pt"></span></span><span style="left:83.17pt;position:var(--position)">20,419<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:102.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:77.21pt"></span></span><span style="left:84.83999999999999pt;position:var(--position)">(2,913)</span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">The following table presents the estimated future amortization of lease intangibles for each of the next five years and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:240.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.57pt">thereafter as </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:110.07pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:165.89pt;position:var(--position);text-decoration:none;white-space:pre;width:69.68pt"> ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:258.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:144.75pt"></td><td style="padding:0;width:114.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:114.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:114.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);width:114.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.52pt;position:var(--position);text-decoration:none;white-space:pre">In-place lease intangibles</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);width:114.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.87pt;position:var(--position);text-decoration:none;white-space:pre">Above-market lease intangibles</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);width:114.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.31pt;position:var(--position);text-decoration:none;white-space:pre">Below-market lease intangibles</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026 (remaining)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:12.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:75.54pt"></span></span><span style="left:83.17pt;position:var(--position)">17,367<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:12.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:80.54pt"></span></span><span style="left:88.17pt;position:var(--position)">2,991<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:12.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:84.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(461)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:27.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:80.54pt"></span></span><span style="left:83.17pt;position:var(--position)">18,406<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:27.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">4,248<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:27.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(769)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:42.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:80.54pt"></span></span><span style="left:83.17pt;position:var(--position)">13,119<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:42.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">3,408<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:42.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(644)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:57.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">9,861<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:57.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">2,518<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:57.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(491)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:72.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">7,382<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:72.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">2,165<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:72.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(304)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:87.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:80.54pt"></span></span><span style="left:83.17pt;position:var(--position)">14,363<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:87.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:85.54pt"></span></span><span style="left:88.17pt;position:var(--position)">5,089<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:87.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.71pt"></span></span><span style="left:92.33999999999999pt;position:var(--position)">(244)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:102.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:75.54pt"></span></span><span style="left:83.17pt;position:var(--position)">80,498<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:102.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:75.54pt"></span></span><span style="left:83.17pt;position:var(--position)">20,419<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:102.75pt;width:114.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:114.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:77.21pt"></span></span><span style="left:84.83999999999999pt;position:var(--position)">(2,913)</span></span></div></div></div></td></tr></tbody></table></div></div></div> 17367000 2991000 461000 18406000 4248000 769000 13119000 3408000 644000 9861000 2518000 491000 7382000 2165000 304000 14363000 5089000 244000 80498000 20419000 2913000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:none;white-space:pre">INVESTMENTS IN UNCONSOLIDATED ENTITIES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:24.86pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:83.36pt;position:var(--position);text-decoration:none;white-space:pre;width:56.24pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:139.6pt;position:var(--position);text-decoration:none;white-space:pre;width:413.75pt">, we hold certain investments in unconsolidated entities that are accounted for under the equity method</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">of accounting or the FVO, as our ownership interest in each entity does not meet the requirements for consolidation. Refer</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.27pt">to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:68.77pt;position:var(--position);text-decoration:none;white-space:pre;width:26.92pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:95.69pt;position:var(--position);text-decoration:none;white-space:pre;width:74.91pt"> for further details.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:118pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:347.67pt">The following tables detail our investments in unconsolidated entities ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:135.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:296.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);width:195.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:195.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:74.66pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:21pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:296.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investments in Unconsolidated Entities</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.84pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.72pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.5pt;position:var(--position);text-decoration:none;white-space:pre">Ownership</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.06pt;position:var(--position);text-decoration:none;white-space:pre">Interest</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.25pt;position:var(--position);text-decoration:none;white-space:pre">Book Value</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Unconsolidated entities carried at historical cost</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:296.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:4.42pt;width:296.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre;width:96.81pt">Net Lease Joint Venture</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:7.046pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">306</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:35.629999999999995pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">75%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:48.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">185,902<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total unconsolidated entities carried at historical cost</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">306</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">185,902<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Unconsolidated entities carried at fair value</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:296.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:4.42pt;width:296.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre;width:138.76pt">Bank Loan Portfolio Joint Venture</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:7.046pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">457</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:35.629999999999995pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:7.046pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">35%</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:38.959999999999994pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:93.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">99,834<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108.75pt;width:296.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:4.42pt;width:296.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre;width:143.45pt">Homebuilder Finance Joint Venture</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:7.046pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">33</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:30.63pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">45%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:108.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">36,324<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total unconsolidated entities carried at fair value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:123.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">490</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:123.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">136,158<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">796</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:138.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">322,060<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:306.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:296.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);width:195.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:195.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:65.56pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:296.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investments in Unconsolidated Entities</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.84pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.72pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.5pt;position:var(--position);text-decoration:none;white-space:pre">Ownership</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.06pt;position:var(--position);text-decoration:none;white-space:pre">Interest</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.25pt;position:var(--position);text-decoration:none;white-space:pre">Book Value</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Unconsolidated entities carried at historical cost</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:296.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:4.42pt;width:296.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre;width:96.81pt">Net Lease Joint Venture</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:7.046pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">178</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:35.629999999999995pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.15pt;position:var(--position);text-decoration:none;white-space:pre">75%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:48.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">106,478<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total unconsolidated entities carried at historical cost</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">178</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">106,478<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Unconsolidated entities carried at fair value:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:296.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Bank Loan Portfolio Joint Venture</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:7.046pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">533</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:35.629999999999995pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:7.046pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">35%</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:38.959999999999994pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:93.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">111,010<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total unconsolidated entities carried at fair value:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">533</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:108.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">111,010<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:123.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.87pt;position:var(--position);text-decoration:none;white-space:pre">711</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:123.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">217,488<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:456pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:464pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:324.01pt">The number of assets represents the number of commercial real estate properties.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:475.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:380.93pt">The number of assets represents the number of commercial mortgage loans held by each entity.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:487pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:220.94pt">Represents our aggregate ownership interest in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:306.44pt;position:var(--position);text-decoration:none;white-space:pre;width:147.52pt">Bank Loan Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:453.96pt;position:var(--position);text-decoration:none;white-space:pre;width:99.5pt">, which owns an initial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:498.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.83pt">portfolio of commercial mortgage loans acquired during the three months ended June 30, 2025, in which we hold a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:510pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">29%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:103.83pt;position:var(--position);text-decoration:none;white-space:pre;width:449.67pt"> interest, and an additional portfolio acquired during the three months ended September 30, 2025, in which we</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:521.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.2pt">hold a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.7pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">50%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:131.03pt;position:var(--position);text-decoration:none;white-space:pre;width:34.39pt"> interest.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:545pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:423.31pt">The following table details the activity related to our investments in unconsolidated entities during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:481.81pt;position:var(--position);text-decoration:none;white-space:pre;width:71.61pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:556.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.32pt;position:var(--position);text-decoration:none;white-space:pre;width:69.68pt"> ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:580pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:225pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:29.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.2pt;position:var(--position);white-space:pre">Net Lease Joint </span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);white-space:pre">Venture</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.63pt;position:var(--position);white-space:pre">Bank Loan </span></div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.87pt;position:var(--position);white-space:pre">Portfolio Joint </span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);white-space:pre">Venture</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.98pt;position:var(--position);white-space:pre">Homebuilder </span></div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.42pt;position:var(--position);white-space:pre">Finance Joint </span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);white-space:pre">Venture</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.52pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:225pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.93pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">106,478<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">111,010<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">217,488<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:44.25pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Contributions</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:44.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">99,998<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:44.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:15pt;left:358.5pt;overflow:hidden;position:var(--position);top:44.25pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:44.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">36,043<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:44.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">136,041<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Distributions</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:59.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(22,413)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:59.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(20,199)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:59.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:59.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(42,612)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:225pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:7.046pt;width:225pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">Income</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.59pt;position:var(--position);top:-2.626pt;white-space:pre"> from unconsolidated entities</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:157.84pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">649<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">9,023<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">281<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">9,953<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Accumulated other comprehensive income</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:89.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">1,190<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:89.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:89.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:89.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">1,190<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:225pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.93pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">185,902<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">99,834<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">36,324<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">322,060<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:707.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:715.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">Includes our share of non-cash items such as (i) depreciation and amortization, and (ii) unrealized gains or losses</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:726.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:144.27pt">recorded by unconsolidated entities.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:7.22pt">O</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:65.72pt;position:var(--position);text-decoration:none;white-space:pre;width:11.1pt">ur </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.82pt;position:var(--position);text-decoration:none;white-space:pre;width:97.62pt">Net Lease Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.44pt;position:var(--position);text-decoration:none;white-space:pre;width:19.97pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.41pt;position:var(--position);text-decoration:none;white-space:pre;width:139.84pt">Bank Loan Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:334.25pt;position:var(--position);text-decoration:none;white-space:pre;width:219.08pt"> have each entered into and may continue to enter into</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">derivative agreements where we would be required to make payment for periodic or final settlement of derivative contracts</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:50.89pt">if either our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:109.39pt;position:var(--position);text-decoration:none;white-space:pre;width:98.04pt">Net Lease Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:207.43pt;position:var(--position);text-decoration:none;white-space:pre;width:14.15pt"> or </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.58pt;position:var(--position);text-decoration:none;white-space:pre;width:140.4pt">Bank Loan Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:361.98pt;position:var(--position);text-decoration:none;white-space:pre;width:191.34pt">, as applicable, is unable to fulfill its respective</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:88.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:46.9pt">obligations.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:347.67pt">The following tables detail our investments in unconsolidated entities ($ in thousands):</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:135.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:296.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);width:195.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:195.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:74.66pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:21pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:296.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investments in Unconsolidated Entities</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.84pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.72pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.5pt;position:var(--position);text-decoration:none;white-space:pre">Ownership</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.06pt;position:var(--position);text-decoration:none;white-space:pre">Interest</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.25pt;position:var(--position);text-decoration:none;white-space:pre">Book Value</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Unconsolidated entities carried at historical cost</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:296.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:4.42pt;width:296.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre;width:96.81pt">Net Lease Joint Venture</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:7.046pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">306</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:35.629999999999995pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">75%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:48.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">185,902<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total unconsolidated entities carried at historical cost</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">306</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">185,902<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Unconsolidated entities carried at fair value</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:296.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:4.42pt;width:296.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre;width:138.76pt">Bank Loan Portfolio Joint Venture</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:7.046pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">457</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:35.629999999999995pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:7.046pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">35%</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:38.959999999999994pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:93.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">99,834<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108.75pt;width:296.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:4.42pt;width:296.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre;width:143.45pt">Homebuilder Finance Joint Venture</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:7.046pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">33</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:30.63pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">45%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:108.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">36,324<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total unconsolidated entities carried at fair value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:123.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">490</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:123.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">136,158<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">796</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:138.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">322,060<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:306.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:296.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);width:195.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:195.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:65.56pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:296.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investments in Unconsolidated Entities</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.84pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.72pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.5pt;position:var(--position);text-decoration:none;white-space:pre">Ownership</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.06pt;position:var(--position);text-decoration:none;white-space:pre">Interest</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.25pt;position:var(--position);text-decoration:none;white-space:pre">Book Value</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Unconsolidated entities carried at historical cost</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:296.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:4.42pt;width:296.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre;width:96.81pt">Net Lease Joint Venture</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:7.046pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">178</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:35.629999999999995pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.15pt;position:var(--position);text-decoration:none;white-space:pre">75%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:48.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">106,478<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total unconsolidated entities carried at historical cost</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">178</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">106,478<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Unconsolidated entities carried at fair value:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:296.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Bank Loan Portfolio Joint Venture</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:7.046pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">533</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:35.629999999999995pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:7.046pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">35%</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:38.959999999999994pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:93.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">111,010<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total unconsolidated entities carried at fair value:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">533</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:108.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">111,010<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:296.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:296.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:123.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.87pt;position:var(--position);text-decoration:none;white-space:pre">711</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:414.75pt;position:var(--position);top:123.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">217,488<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:456pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:464pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:324.01pt">The number of assets represents the number of commercial real estate properties.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:475.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:380.93pt">The number of assets represents the number of commercial mortgage loans held by each entity.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:487pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:220.94pt">Represents our aggregate ownership interest in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:306.44pt;position:var(--position);text-decoration:none;white-space:pre;width:147.52pt">Bank Loan Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:453.96pt;position:var(--position);text-decoration:none;white-space:pre;width:99.5pt">, which owns an initial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:498.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.83pt">portfolio of commercial mortgage loans acquired during the three months ended June 30, 2025, in which we hold a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:510pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">29%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:103.83pt;position:var(--position);text-decoration:none;white-space:pre;width:449.67pt"> interest, and an additional portfolio acquired during the three months ended September 30, 2025, in which we</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:521.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.2pt">hold a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.7pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">50%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:131.03pt;position:var(--position);text-decoration:none;white-space:pre;width:34.39pt"> interest.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:423.31pt">The following table details the activity related to our investments in unconsolidated entities during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:481.81pt;position:var(--position);text-decoration:none;white-space:pre;width:71.61pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:556.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.32pt;position:var(--position);text-decoration:none;white-space:pre;width:69.68pt"> ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:580pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:225pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:29.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.2pt;position:var(--position);white-space:pre">Net Lease Joint </span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);white-space:pre">Venture</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.63pt;position:var(--position);white-space:pre">Bank Loan </span></div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.87pt;position:var(--position);white-space:pre">Portfolio Joint </span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);white-space:pre">Venture</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.98pt;position:var(--position);white-space:pre">Homebuilder </span></div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.42pt;position:var(--position);white-space:pre">Finance Joint </span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.64pt;position:var(--position);white-space:pre">Venture</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.52pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:225pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.93pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">106,478<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">111,010<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">217,488<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:44.25pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Contributions</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:44.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">99,998<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:44.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:15pt;left:358.5pt;overflow:hidden;position:var(--position);top:44.25pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"></span><span style="left:2.63pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:44.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">36,043<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:44.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">136,041<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Distributions</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:59.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(22,413)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:59.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(20,199)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:59.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:59.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(42,612)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:225pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:7.046pt;width:225pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">Income</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.59pt;position:var(--position);top:-2.626pt;white-space:pre"> from unconsolidated entities</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:157.84pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">649<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">9,023<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">281<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">9,953<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Accumulated other comprehensive income</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:89.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">1,190<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:89.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:89.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:89.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">1,190<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:225pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.93pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">185,902<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">99,834<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">36,324<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:104.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">322,060<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:707.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:715.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">Includes our share of non-cash items such as (i) depreciation and amortization, and (ii) unrealized gains or losses</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:726.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:144.27pt">recorded by unconsolidated entities.</span></div> 306 0.75 185902000 306 185902000 457 0.35 99834000 33 0.45 36324000 490 136158000 796 322060000 178 0.75 106478000 178 106478000 533 0.35 111010000 533 111010000 711 217488000 0.29 0.50 106478000 111010000 0 217488000 99998000 0 36043000 136041000 22413000 20199000 0 42612000 649000 9023000 281000 9953000 1190000 0 0 1190000 185902000 99834000 36324000 322060000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:none;white-space:pre">OTHER ASSETS AND LIABILITIES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:135.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Other Assets </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:153pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:318.01pt">The following table details the components of our other assets ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:376.51pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:170.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:329.25pt"></td><td style="padding:0;width:78.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:84pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:329.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);width:84pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued interest receivable</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:12.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">136,161<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:12.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.79pt"></span></span><span style="left:47.42pt;position:var(--position)">132,975<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Real estate intangible assets, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:27.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.54pt"></span></span><span style="left:42.17pt;position:var(--position)">100,917<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:27.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.79pt"></span></span><span style="left:47.42pt;position:var(--position)">117,089<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:329.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Debt securities, at fair value</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:114.94999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:42.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">66,310<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:42.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:67.29pt"></span></span><span style="left:69.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other real estate assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:57.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">51,890<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:57.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">42,153<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:72.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">47,908<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:72.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">10,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:329.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Accounts receivable and other assets</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:149.65pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:87.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">5,883<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:87.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">56,848<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Collateral deposited under derivative agreements</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:102.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">3,280<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:102.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">25,300<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:329.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Loan portfolio payments held by servicer</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:167.73pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:117.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">2,288<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:117.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">27,374<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid expenses</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:132.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:57.04pt"></span></span><span style="left:59.67pt;position:var(--position)">628<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:132.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.79pt"></span></span><span style="left:57.42pt;position:var(--position)">1,032<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:147.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">415,265<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:147.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.79pt"></span></span><span style="left:47.42pt;position:var(--position)">413,263<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:338.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:346.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">Represents an investment in a significant risk transfer, or SRT, transaction with a UK financial institution structured</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:357.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:124.05pt">as a credit-linked note, or the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:209.55pt;position:var(--position);text-decoration:none;white-space:pre;width:123.27pt">UK Bank Loan Portfolio SRT</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:332.82pt;position:var(--position);text-decoration:none;white-space:pre;width:220.62pt">. The investment constitutes the first-loss tranche of a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:369.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">reference portfolio comprising a diversified, granular portfolio of low-leverage commercial real estate loans held by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:380.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:401.47pt">the UK financial institution. The SRT investment earns a floating-rate cash coupon of SONIA + </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:486.97pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">7.00%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:512.8pt;position:var(--position);text-decoration:none;white-space:pre;width:40.6pt">, which is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:392.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">recognized in interest and related income in our consolidated statements of operations. The investment is recorded at</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:403.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:211.58pt">fair value, with changes in fair value recognized in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:297.08000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:71.03pt">other income, net</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:368.11pt;position:var(--position);text-decoration:none;white-space:pre;width:185.39pt"> in our consolidated statements of operations.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:415.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.48pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.98pt;position:var(--position);text-decoration:none;white-space:pre;width:58.86pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:171.84pt;position:var(--position);text-decoration:none;white-space:pre;width:6.52pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.36pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:188.36pt;position:var(--position);text-decoration:none;white-space:pre;width:365.11pt"> realized credit losses have been incurred with respect to the underlying reference loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:426.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:37.47pt">portfolio.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:438.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:36.63pt">Includes </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.13pt;position:var(--position);text-decoration:none;white-space:pre;width:49.13pt">$3.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:171.26pt;position:var(--position);text-decoration:none;white-space:pre;width:19.99pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.25pt;position:var(--position);text-decoration:none;white-space:pre;width:54.13pt">$55.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:245.38pt;position:var(--position);text-decoration:none;white-space:pre;width:24.99pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:270.37pt;position:var(--position);text-decoration:none;white-space:pre;width:56.38pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:326.75pt;position:var(--position);text-decoration:none;white-space:pre;width:19.99pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.74pt;position:var(--position);text-decoration:none;white-space:pre;width:79.1pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.84pt;position:var(--position);text-decoration:none;white-space:pre;width:127.58pt">, respectively, of cash collateral</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:449.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">held by our CLOs that was subsequently remitted by the trustee to repay a portion of the outstanding senior CLO</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:461.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:388.44pt">securities, or that was subsequently reinvested by purchasing additional collateral into our CLOs.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:472.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">Primarily represents loan principal repayments held by our third-party loan servicers as of the balance sheet date that</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:484.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:237.74pt">were remitted to us during the subsequent remittance cycle.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:70.74pt">Other Liabilities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:129.24pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:331.85pt">The following table details the components of our other liabilities ($ in thousands):</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3pt"> </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:96.8pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:329.25pt"></td><td style="padding:0;width:78.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:84pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:329.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);width:84pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other real estate liabilities</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:12.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">133,697<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:12.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.79pt"></span></span><span style="left:47.42pt;position:var(--position)">127,703<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued dividends payable</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:27.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">79,215<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:27.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">79,081<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued interest payable</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:42.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">60,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:42.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">58,871<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:329.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Other secured debt</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:78.08999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:57.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">38,386<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:57.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">39,475<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued management fees payable</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:72.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">14,641<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:72.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">16,434<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accounts payable and other liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:87.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">13,889<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:87.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">14,653<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:329.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Current expected credit loss reserves for unfunded loan commitments</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:280.64pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:102.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">12,610<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:102.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">11,617<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:117.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">10,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:117.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">26,596<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:329.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Debt repayments pending servicer remittance</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:184.04pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:132.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">1,982<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:132.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">11,748<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:147.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">364,871<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:147.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.79pt"></span></span><span style="left:47.42pt;position:var(--position)">386,178<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:264.55pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:274.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:229.41pt">Represents financing on our retained investment in the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:314.90999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:121.42pt">European Loan Securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:436.33pt;position:var(--position);text-decoration:none;white-space:pre;width:43.16pt">. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:479.49pt;position:var(--position);text-decoration:none;white-space:pre;width:27.99pt">Note 8</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:507.48pt;position:var(--position);text-decoration:none;white-space:pre;width:3.57pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:511.05pt;position:var(--position);text-decoration:none;white-space:pre;width:42.42pt">for further</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.67pt">information.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:297.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:292.98pt">Represents the CECL reserve related to our unfunded loan commitments.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">Represents pending transfers from our third-party loan servicer that were remitted to our banking counterparties</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:158.4pt">during the subsequent remittance cycle.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:349.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Current Expected Credit Loss Reserves for Unfunded Loan Commitments </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:26.9pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.4pt;position:var(--position);text-decoration:none;white-space:pre;width:58.28pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.68pt;position:var(--position);text-decoration:none;white-space:pre;width:193.97pt">, we had aggregate unfunded commitments of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:337.65pt;position:var(--position);text-decoration:none;white-space:pre;width:47.31pt">$1.1 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:384.96pt;position:var(--position);text-decoration:none;white-space:pre;width:46.12pt"> related to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:431.08pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">53</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:441.08pt;position:var(--position);text-decoration:none;white-space:pre;width:112.26pt"> loans. The expected credit</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">losses over the contractual period of our loans are impacted by our obligations to extend further credit through our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:145.49pt">unfunded loan commitments. See </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:203.99pt;position:var(--position);text-decoration:none;white-space:pre;width:29.23pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:233.22pt;position:var(--position);text-decoration:none;white-space:pre;width:320.21pt"> for further discussion of the CECL reserves related to our unfunded loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:401.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:79.6pt">commitments, and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:138.1pt;position:var(--position);text-decoration:none;white-space:pre;width:33.57pt">Note 21</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:171.67000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:251.33pt"> for further discussion of our unfunded loan commitments. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:423pt;position:var(--position);text-decoration:none;white-space:pre;width:48.82pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.82pt;position:var(--position);text-decoration:none;white-space:pre;width:81.55pt">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:413.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:57.48pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.97999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:59.09pt">, we recorded </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:175.07pt;position:var(--position);text-decoration:none;white-space:pre;width:42.13pt">a decrease</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:217.2pt;position:var(--position);text-decoration:none;white-space:pre;width:284.1pt"> in the CECL reserves related to our unfunded loan commitments of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:501.3pt;position:var(--position);text-decoration:none;white-space:pre;width:49.68pt">$0.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:60.41pt">and during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.91pt;position:var(--position);text-decoration:none;white-space:pre;width:70.07pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:188.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.56pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.54pt;position:var(--position);text-decoration:none;white-space:pre;width:55.94pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:247.48pt;position:var(--position);text-decoration:none;white-space:pre;width:56.78pt">, we recorded </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:304.26pt;position:var(--position);text-decoration:none;white-space:pre;width:44.7pt">an increase</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:348.96pt;position:var(--position);text-decoration:none;white-space:pre;width:204.48pt"> in the CECL reserves related to our unfunded loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:68.04pt">commitments of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:126.54pt;position:var(--position);text-decoration:none;white-space:pre;width:49.02pt">$1.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:175.56pt;position:var(--position);text-decoration:none;white-space:pre;width:265.6pt">, bringing our total unfunded loan commitments CECL reserve to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:441.16pt;position:var(--position);text-decoration:none;white-space:pre;width:54.02pt">$12.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:495.18pt;position:var(--position);text-decoration:none;white-space:pre;width:24.66pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:519.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:33.49pt">June 30,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:78.5pt;position:var(--position);text-decoration:none;white-space:pre;width:5.98pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.48pt;position:var(--position);text-decoration:none;white-space:pre;width:7.22pt">D</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.7pt;position:var(--position);text-decoration:none;white-space:pre;width:40.26pt">uring the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:131.95999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:113.26pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:245.22pt;position:var(--position);text-decoration:none;white-space:pre;width:3.48pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:248.7pt;position:var(--position);text-decoration:none;white-space:pre;width:57.78pt">June 30, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:306.48pt;position:var(--position);text-decoration:none;white-space:pre;width:59.54pt">, we recorded </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:366.02pt;position:var(--position);text-decoration:none;white-space:pre;width:36.6pt">increases</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:402.62pt;position:var(--position);text-decoration:none;white-space:pre;width:150.84pt"> in the CECL reserves related to our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:129.02pt">unfunded loan commitments of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:187.52pt;position:var(--position);text-decoration:none;white-space:pre;width:49.19pt">$1.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:236.71pt;position:var(--position);text-decoration:none;white-space:pre;width:20.11pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:256.82pt;position:var(--position);text-decoration:none;white-space:pre;width:49.19pt">$1.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:306.01pt;position:var(--position);text-decoration:none;white-space:pre;width:247.4pt">, respectively, bringing our total unfunded loan commitments</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:470.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:69.63pt">CECL reserve to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:128.13pt;position:var(--position);text-decoration:none;white-space:pre;width:53.85pt">$11.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:181.98000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:24.15pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:206.13pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:261.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:318.01pt">The following table details the components of our other assets ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:376.51pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:170.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:329.25pt"></td><td style="padding:0;width:78.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:84pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:329.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);width:84pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued interest receivable</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:12.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">136,161<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:12.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.79pt"></span></span><span style="left:47.42pt;position:var(--position)">132,975<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Real estate intangible assets, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:27.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.54pt"></span></span><span style="left:42.17pt;position:var(--position)">100,917<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:27.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.79pt"></span></span><span style="left:47.42pt;position:var(--position)">117,089<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:329.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Debt securities, at fair value</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:114.94999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:42.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">66,310<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:42.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:67.29pt"></span></span><span style="left:69.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other real estate assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:57.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">51,890<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:57.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">42,153<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:72.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">47,908<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:72.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">10,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:329.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Accounts receivable and other assets</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:149.65pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:87.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">5,883<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:87.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">56,848<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Collateral deposited under derivative agreements</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:102.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">3,280<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:102.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">25,300<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:329.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Loan portfolio payments held by servicer</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:167.73pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:117.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">2,288<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:117.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">27,374<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid expenses</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:132.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:57.04pt"></span></span><span style="left:59.67pt;position:var(--position)">628<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:132.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.79pt"></span></span><span style="left:57.42pt;position:var(--position)">1,032<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:147.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">415,265<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:147.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.79pt"></span></span><span style="left:47.42pt;position:var(--position)">413,263<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:338.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:346.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">Represents an investment in a significant risk transfer, or SRT, transaction with a UK financial institution structured</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:357.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:124.05pt">as a credit-linked note, or the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:209.55pt;position:var(--position);text-decoration:none;white-space:pre;width:123.27pt">UK Bank Loan Portfolio SRT</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:332.82pt;position:var(--position);text-decoration:none;white-space:pre;width:220.62pt">. The investment constitutes the first-loss tranche of a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:369.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">reference portfolio comprising a diversified, granular portfolio of low-leverage commercial real estate loans held by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:380.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:401.47pt">the UK financial institution. The SRT investment earns a floating-rate cash coupon of SONIA + </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:486.97pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">7.00%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:512.8pt;position:var(--position);text-decoration:none;white-space:pre;width:40.6pt">, which is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:392.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">recognized in interest and related income in our consolidated statements of operations. The investment is recorded at</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:403.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:211.58pt">fair value, with changes in fair value recognized in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:297.08000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:71.03pt">other income, net</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:368.11pt;position:var(--position);text-decoration:none;white-space:pre;width:185.39pt"> in our consolidated statements of operations.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:415.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.48pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.98pt;position:var(--position);text-decoration:none;white-space:pre;width:58.86pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:171.84pt;position:var(--position);text-decoration:none;white-space:pre;width:6.52pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.36pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:188.36pt;position:var(--position);text-decoration:none;white-space:pre;width:365.11pt"> realized credit losses have been incurred with respect to the underlying reference loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:426.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:37.47pt">portfolio.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:438.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:36.63pt">Includes </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.13pt;position:var(--position);text-decoration:none;white-space:pre;width:49.13pt">$3.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:171.26pt;position:var(--position);text-decoration:none;white-space:pre;width:19.99pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.25pt;position:var(--position);text-decoration:none;white-space:pre;width:54.13pt">$55.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:245.38pt;position:var(--position);text-decoration:none;white-space:pre;width:24.99pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:270.37pt;position:var(--position);text-decoration:none;white-space:pre;width:56.38pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:326.75pt;position:var(--position);text-decoration:none;white-space:pre;width:19.99pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.74pt;position:var(--position);text-decoration:none;white-space:pre;width:79.1pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.84pt;position:var(--position);text-decoration:none;white-space:pre;width:127.58pt">, respectively, of cash collateral</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:449.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">held by our CLOs that was subsequently remitted by the trustee to repay a portion of the outstanding senior CLO</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:461.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:388.44pt">securities, or that was subsequently reinvested by purchasing additional collateral into our CLOs.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:472.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">Primarily represents loan principal repayments held by our third-party loan servicers as of the balance sheet date that</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:484.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:237.74pt">were remitted to us during the subsequent remittance cycle.</span></div> 136161000 132975000 100917000 117089000 66310000 0 51890000 42153000 47908000 10492000 5883000 56848000 3280000 25300000 2288000 27374000 628000 1032000 415265000 413263000 0.0700 3600000 55500000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:331.85pt">The following table details the components of our other liabilities ($ in thousands):</span><div style="font-size:12pt;line-height:12pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3pt"> </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:96.8pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:329.25pt"></td><td style="padding:0;width:78.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:84pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:329.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);width:84pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other real estate liabilities</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:12.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">133,697<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:12.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.79pt"></span></span><span style="left:47.42pt;position:var(--position)">127,703<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued dividends payable</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:27.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">79,215<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:27.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">79,081<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued interest payable</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:42.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">60,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:42.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">58,871<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:329.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Other secured debt</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:78.08999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:57.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">38,386<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:57.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">39,475<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued management fees payable</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:72.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">14,641<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:72.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">16,434<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accounts payable and other liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:87.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">13,889<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:87.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">14,653<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:329.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Current expected credit loss reserves for unfunded loan commitments</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:280.64pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:102.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">12,610<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:102.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">11,617<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:117.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:47.17pt;position:var(--position)">10,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:117.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">26,596<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:329.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Debt repayments pending servicer remittance</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:184.04pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:132.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">1,982<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:132.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.79pt"></span></span><span style="left:52.42pt;position:var(--position)">11,748<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147.75pt;width:329.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:329.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:329.25pt;position:var(--position);top:147.75pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:42.17pt;position:var(--position)">364,871<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:147.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.79pt"></span></span><span style="left:47.42pt;position:var(--position)">386,178<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:264.55pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:274.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:229.41pt">Represents financing on our retained investment in the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:314.90999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:121.42pt">European Loan Securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:436.33pt;position:var(--position);text-decoration:none;white-space:pre;width:43.16pt">. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:479.49pt;position:var(--position);text-decoration:none;white-space:pre;width:27.99pt">Note 8</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:507.48pt;position:var(--position);text-decoration:none;white-space:pre;width:3.57pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:511.05pt;position:var(--position);text-decoration:none;white-space:pre;width:42.42pt">for further</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.67pt">information.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:297.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:292.98pt">Represents the CECL reserve related to our unfunded loan commitments.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">Represents pending transfers from our third-party loan servicer that were remitted to our banking counterparties</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:158.4pt">during the subsequent remittance cycle.</span></div> 133697000 127703000 79215000 79081000 60100000 58871000 38386000 39475000 14641000 16434000 13889000 14653000 12610000 11617000 10351000 26596000 1982000 11748000 364871000 386178000 1100000000 53 -500000 1000000.0 12600000 1200000 1300000 11700000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:none;white-space:pre">SECURED DEBT, NET</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:517.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:348.65pt">Our secured debt represents borrowings under our secured credit facilities. During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:407.15pt;position:var(--position);text-decoration:none;white-space:pre;width:70.39pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.54pt;position:var(--position);text-decoration:none;white-space:pre;width:2.72pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:480.26pt;position:var(--position);text-decoration:none;white-space:pre;width:56.26pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:536.52pt;position:var(--position);text-decoration:none;white-space:pre;width:16.87pt">, we</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:529.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:4.43pt">c</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:62.93pt;position:var(--position);text-decoration:none;white-space:pre;width:23.59pt">losed </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:86.52pt;position:var(--position);text-decoration:none;white-space:pre;width:46.08pt">$1.0 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:132.6pt;position:var(--position);text-decoration:none;white-space:pre;width:111.31pt"> of new borrowings against </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:243.91pt;position:var(--position);text-decoration:none;white-space:pre;width:46.08pt">$1.5 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:289.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:292.49pt;position:var(--position);text-decoration:none;white-space:pre;width:76.26pt">of collateral assets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:552.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:245.57pt">The following table details our secured debt ($ in thousands):</span></div><div style="position:var(--position);top:576.05pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:341.25pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:70.5pt"></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:341.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.99pt;width:341.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:341.25pt;position:var(--position);width:153.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.8pt;width:153.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:53.9pt;position:var(--position);white-space:pre">Secured Debt </span></div><div style="line-height:8pt;position:var(--position);top:12.99pt;width:153.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:34.57pt;position:var(--position);white-space:pre">Borrowings Outstanding</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:119.16999999999999pt;position:var(--position);white-space:pre"> </span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21.75pt;width:341.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:341.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:341.25pt;position:var(--position);top:21.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.91pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:21.75pt;width:70.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.94pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:341.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:341.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Secured credit facilities</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:341.25pt;position:var(--position);top:34.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.54pt"></span></span><span style="left:36.17pt;position:var(--position)">8,717,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:34.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.79pt"></span></span><span style="left:21.419999999999998pt;position:var(--position)">10,125,839<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:341.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:341.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Deferred financing costs</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:100.83999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:341.25pt;position:var(--position);top:49.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:48.46pt;position:var(--position);text-decoration:none;white-space:pre">(8,407)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:49.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:38.71pt;position:var(--position);text-decoration:none;white-space:pre">(8,547)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:341.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:341.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net book value of secured debt</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:341.25pt;position:var(--position);top:64.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.54pt"></span></span><span style="left:36.17pt;position:var(--position)">8,708,944<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:64.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.79pt"></span></span><span style="left:21.419999999999998pt;position:var(--position)">10,117,292<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:660.55pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:672.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre">Costs incurred in connection with our secured debt are recorded on our consolidated balance sheets when incurred </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:683.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre">and recognized as a component of interest expense over the life of each related facility.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Secured Credit Facilities</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:270.79pt">Our secured credit facilities are bilateral agreements we use to f</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:329.29pt;position:var(--position);text-decoration:none;white-space:pre;width:202.24pt">inance diversified pools of senior loan collateral</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:531.53pt;position:var(--position);text-decoration:none;white-space:pre;width:21.88pt"> with</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">sufficient flexibility to accommodate our investment and asset management strategy. The facilities are generally structured</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">to provide currency, index, and term-matched financing without capital markets-based mark-to-market provisions. Our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:150.42pt">credit facilities are diversified across </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.92pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">16</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:218.92pt;position:var(--position);text-decoration:none;white-space:pre;width:334.55pt"> counterparties, primarily consisting of top global financial institutions to minimize</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:124.89pt">our counterparty risk exposure.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:242.43pt">The following table details our secured credit facilities as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:300.93pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:356.75pt;position:var(--position);text-decoration:none;white-space:pre;width:69.68pt"> ($ in thousands):</span></div><div style="position:var(--position);top:158.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:42pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:39.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:48.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:47.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:29.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:30pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:56.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:42pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:42pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:45pt;position:var(--position);width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);width:29.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);width:89.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:89.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.66pt;position:var(--position);text-decoration:none;white-space:pre">Recourse Limitation</span></div></div></div></td></tr><tr style="height:32.25pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:42pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:42pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Currency</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:45pt;position:var(--position);top:12.75pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:39.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.86pt;position:var(--position);white-space:pre">Lenders</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:30.83pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.64pt;position:var(--position);text-decoration:none;white-space:pre">Borrowings</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:12.75pt;width:48.75pt"><div><div style="line-height:8pt;position:var(--position);top:15.62pt;width:48.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.94pt;position:var(--position);white-space:pre">Wtd. Avg. </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:48.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.8pt;position:var(--position);white-space:pre">Maturity</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:36.879999999999995pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:12.75pt;width:47.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.62pt;width:47.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.19pt;position:var(--position);white-space:pre">Wtd. Avg.</span></div><div style="line-height:8pt;position:var(--position);top:15.62pt;width:47.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.86pt;position:var(--position);white-space:pre">All-in </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:47.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.76pt;position:var(--position);white-space:pre">Cost</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:22.299999999999997pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(3)(4)(5)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:12.75pt;width:29.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.51pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.74pt;position:var(--position);text-decoration:none;white-space:pre">Loan </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.97pt;position:var(--position);text-decoration:none;white-space:pre">Count</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:287.25pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.5pt;position:var(--position);white-space:pre">Collateral</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:43.69pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(6)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:12.75pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.24pt;width:50.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.69pt;position:var(--position);white-space:pre">Wtd. Avg.</span></div><div style="line-height:8pt;position:var(--position);top:14.43pt;width:50.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.36pt;position:var(--position);white-space:pre">All-in </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:50.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.96pt;position:var(--position);white-space:pre">Yield</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:28.16pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(3)(4)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:12.75pt;width:30pt"><div><div style="line-height:8pt;position:var(--position);top:14.51pt;width:30pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.39pt;position:var(--position);text-decoration:none;white-space:pre">Wtd. </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:30pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.05pt;position:var(--position);text-decoration:none;white-space:pre">Avg.</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:12.75pt;width:56.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.18pt;position:var(--position);text-decoration:none;white-space:pre">Range</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:42pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:42pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">USD</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:45pt;position:var(--position);top:45pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.87pt;position:var(--position);text-decoration:none;white-space:pre">14</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:45pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">3,668,157<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:45pt;width:48.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:48.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.96pt;position:var(--position);text-decoration:none;white-space:pre">May 2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:45pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:11.71pt;position:var(--position)"></span><span style="left:11.71pt;position:var(--position)">+1.74<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;border-right:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:45pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">78</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:287.25pt;position:var(--position);top:45pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">6,042,859<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:45pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:14.71pt;position:var(--position)"></span><span style="left:14.71pt;position:var(--position)">+2.76<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:45pt;width:30pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:30pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.77pt;position:var(--position);text-decoration:none;white-space:pre">36%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:45pt;width:56.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.13pt;position:var(--position);text-decoration:none;white-space:pre">25%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.459999999999997pt;position:var(--position);white-space:pre"> - </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.79pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60pt;width:42pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:42pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.28pt;position:var(--position);text-decoration:none;white-space:pre">GBP</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:45pt;position:var(--position);top:60pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:17.37pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:60pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">1,906,500<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:60pt;width:48.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:48.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.8pt;position:var(--position);text-decoration:none;white-space:pre">Mar 2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:60pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:11.71pt;position:var(--position)"></span><span style="left:11.71pt;position:var(--position)">+1.68<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;border-right:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:60pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">14</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:287.25pt;position:var(--position);top:60pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,647,180<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:60pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:14.71pt;position:var(--position)"></span><span style="left:14.71pt;position:var(--position)">+3.17<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:60pt;width:30pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:30pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.77pt;position:var(--position);text-decoration:none;white-space:pre">25%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:60pt;width:56.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18.96pt;position:var(--position);text-decoration:none;white-space:pre">25%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:42pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:42pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.01pt;position:var(--position);text-decoration:none;white-space:pre">EUR</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:45pt;position:var(--position);top:75pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:17.37pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">1,618,548<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:75pt;width:48.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:48.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:5.63pt;position:var(--position);text-decoration:none;white-space:pre">Feb 2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:75pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:11.71pt;position:var(--position)"></span><span style="left:11.71pt;position:var(--position)">+1.64<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;border-right:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:75pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">13</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:287.25pt;position:var(--position);top:75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,380,828<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:14.71pt;position:var(--position)"></span><span style="left:14.71pt;position:var(--position)">+2.99<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:75pt;width:30pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:30pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.77pt;position:var(--position);text-decoration:none;white-space:pre">37%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:75pt;width:56.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.13pt;position:var(--position);text-decoration:none;white-space:pre">15%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.459999999999997pt;position:var(--position);white-space:pre"> - </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.79pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90pt;width:42pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:42pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.65pt;position:var(--position);top:-2.626pt;white-space:pre">Others</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:31.29pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(7)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:45pt;position:var(--position);top:90pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:17.37pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:90pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">1,524,146<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:90pt;width:48.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:48.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.96pt;position:var(--position);text-decoration:none;white-space:pre">May 2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:90pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:11.71pt;position:var(--position)"></span><span style="left:11.71pt;position:var(--position)">+2.21<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;border-right:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:90pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.12pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:287.25pt;position:var(--position);top:90pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">1,910,983<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:90pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:14.71pt;position:var(--position)"></span><span style="left:14.71pt;position:var(--position)">+4.34<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:90pt;width:30pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:30pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.77pt;position:var(--position);text-decoration:none;white-space:pre">25%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:90pt;width:56.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18.96pt;position:var(--position);text-decoration:none;white-space:pre">25%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105pt;width:42pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:42pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.46pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:45pt;position:var(--position);top:105pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.87pt;position:var(--position);text-decoration:none;white-space:pre">16</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:105pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">8,717,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:105pt;width:48.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:48.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.46pt;position:var(--position);text-decoration:none;white-space:pre">Jan 2029</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:105pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:11.71pt;position:var(--position)"></span><span style="left:11.71pt;position:var(--position)">+1.79<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;border-right:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:105pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.12pt;position:var(--position);text-decoration:none;white-space:pre">111</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:287.25pt;position:var(--position);top:105pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:2.54pt"></span></span><span style="left:10.17pt;position:var(--position)">12,981,850<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:105pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:14.71pt;position:var(--position)"></span><span style="left:14.71pt;position:var(--position)">+3.16<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:105pt;width:30pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:30pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.77pt;position:var(--position);text-decoration:none;white-space:pre">32%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:105pt;width:56.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.13pt;position:var(--position);text-decoration:none;white-space:pre">25%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.459999999999997pt;position:var(--position);white-space:pre"> - </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.79pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:283.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:295pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">Represents the number of lenders with fundings advanced in each respective currency, as well as the total number of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:62.12pt">facility lenders.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">Our secured debt agreements are generally term-matched to their underlying collateral. Therefore, the weighted-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:329.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">average maturity is generally allocated based on the maximum maturity date of the collateral loans, assuming all</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:341pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">extension options are exercised by the borrower. In limited instances, the maturity date of the respective secured</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:352.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:85.98pt">credit facility is used.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:364pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">The spread, all-in cost, and all-in yield are expressed over the relevant floating benchmark rates, which include</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:375.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:278.92pt">SOFR, SONIA, EURIBOR, CORRA, and other indices as applicable.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:387pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(4)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">In addition to spread, the cost includes the associated deferred fees and expenses related to the respective</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:398.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">borrowings. In addition to cash coupon, all-in yield includes the amortization of deferred origination and extension</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:410pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">fees, loan origination costs, and purchase discounts, as well as the accrual of exit fees. All-in yield excludes loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:421.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:398.68pt">accounted for under the cost-recovery and nonaccrual methods, if any, and owned real estate assets.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:484.18pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:433pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(5)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:210.52pt">Represents the weighted-average all-in cost as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:296.02pt;position:var(--position);text-decoration:none;white-space:pre;width:59.3pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:355.32pt;position:var(--position);text-decoration:none;white-space:pre;width:198.13pt"> and is not necessarily indicative of the spread</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:444.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:165.92pt">applicable to recent or future borrowings.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:456pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(6)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">Represents the principal balance of the collateral loan assets and the carrying value of the collateral owned real</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:467.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.02pt">estate assets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:479pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(7)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:306.04pt">Includes Australian Dollar, Canadian Dollar, and Swedish Krona currencies.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:502.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">The availability of funding under our secured credit facilities is based on the amount of approved collateral, which</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:514pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">collateral is proposed by us in our discretion and approved by the respective counterparty in its discretion, resulting in a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:525.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">mutually agreed collateral portfolio construction. Certain structural elements of our secured credit facilities, including the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:537pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">limitation on recourse to us and facility economics, are influenced by the specific collateral portfolio construction of each</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:548.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:235.23pt">facility, and therefore vary within and among the facilities.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:572pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">Our secured credit facilities generally permit us to increase or decrease the amount advanced against the pledged collateral</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:583.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:382.4pt">in our discretion within certain maximum/minimum amounts and frequency limitations. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.9pt;position:var(--position);text-decoration:none;white-space:pre;width:56.52pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:497.42pt;position:var(--position);text-decoration:none;white-space:pre;width:55.98pt">, there was an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:595pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:41.32pt">aggregate </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99.82pt;position:var(--position);text-decoration:none;white-space:pre;width:58.85pt">$807.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:158.67000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:261.31pt"> available to be drawn at our discretion under our credit facilities.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:624.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Financial Covenants</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:642pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:24.58pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:83.08pt;position:var(--position);text-decoration:none;white-space:pre;width:55.96pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:139.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:414.37pt">, we are subject to the following financial covenants related to our secured debt and secured debt of our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:653.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">unconsolidated entities: (i) our ratio of earnings before interest, taxes, depreciation, and amortization, or EBITDA, to fixed</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:665pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:258.9pt">charges, as defined in the agreements, shall be not less than </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:317.4pt;position:var(--position);text-decoration:none;white-space:pre;width:12.5pt">1.3</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:329.9pt;position:var(--position);text-decoration:none;white-space:pre;width:223.43pt"> to 1.0; (ii) our tangible net worth, as defined in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:676.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:140.3pt">agreements, shall not be less than </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:198.8pt;position:var(--position);text-decoration:none;white-space:pre;width:46.76pt">$2.8 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:245.56pt;position:var(--position);text-decoration:none;white-space:pre;width:143.74pt"> as of each measurement date plus </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:389.3pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">75%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:407.63pt;position:var(--position);text-decoration:none;white-space:pre;width:14.13pt"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:421.76pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">85%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.09pt;position:var(--position);text-decoration:none;white-space:pre;width:113.4pt"> of the net cash proceeds of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:688pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:158.84pt">future equity issuances subsequent to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:217.34pt;position:var(--position);text-decoration:none;white-space:pre;width:58.86pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.2pt;position:var(--position);text-decoration:none;white-space:pre;width:254.75pt">; (iii) cash liquidity shall not be less than the greater of (x) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:530.95pt;position:var(--position);text-decoration:none;white-space:pre;width:22.5pt">$10.0</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:699.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:117.39pt">million or (y) no more than </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:175.89pt;position:var(--position);text-decoration:none;white-space:pre;width:13.33pt">5%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.22pt;position:var(--position);text-decoration:none;white-space:pre;width:304.67pt"> of our recourse indebtedness; and (iv) our indebtedness shall not exceed </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.89pt;position:var(--position);text-decoration:none;white-space:pre;width:30.83pt">83.33%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:524.72pt;position:var(--position);text-decoration:none;white-space:pre;width:28.6pt"> of our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:711pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:72.98pt">total assets. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:131.48000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:187.3pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:206.73pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:285.27pt;position:var(--position);text-decoration:none;white-space:pre;width:185.59pt">, we were in compliance with these covenants.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:none;white-space:pre">SECURITIZED DEBT OBLIGATIONS, NET</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">We have financed certain pools of our loans through CLOs and have also financed one of our loans through a securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:63.53pt">vehicle, or the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.03pt;position:var(--position);text-decoration:none;white-space:pre;width:122.06pt">European Loan Securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.09pt;position:var(--position);text-decoration:none;white-space:pre;width:87.98pt">. The CLOs and the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:332.07pt;position:var(--position);text-decoration:none;white-space:pre;width:122.06pt">European Loan Securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:454.13pt;position:var(--position);text-decoration:none;white-space:pre;width:99.34pt"> are consolidated in our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:416.94pt">financial statements and have issued securitized debt obligations that are non-recourse to us. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:475.44pt;position:var(--position);text-decoration:none;white-space:pre;width:32.64pt">Note 19</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.08pt;position:var(--position);text-decoration:none;white-space:pre;width:45.29pt"> for further</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:131.14pt">discussion of our CLOs and the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.64pt;position:var(--position);text-decoration:none;white-space:pre;width:120.06pt">European Loan Securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:309.7pt;position:var(--position);text-decoration:none;white-space:pre;width:5.39pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:315.09pt;position:var(--position);text-decoration:none;white-space:pre;width:6.1pt">T</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:321.19pt;position:var(--position);text-decoration:none;white-space:pre;width:232.16pt">he following tables detail our securitized debt obligations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:298.24pt">and the underlying collateral assets that are financed by our CLOs and the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:356.74pt;position:var(--position);text-decoration:none;white-space:pre;width:119.28pt">European Loan Securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:476.02pt;position:var(--position);text-decoration:none;white-space:pre;width:69.68pt"> ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:545.7pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:129pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:204pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:27pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:204pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="10" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);width:291pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:291pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:122.28pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:204pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Securitized Debt Obligations</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:12.75pt;width:27pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.84pt;position:var(--position);text-decoration:none;white-space:pre">Count</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.86pt;position:var(--position);text-decoration:none;white-space:pre">Principal</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.08pt;position:var(--position);text-decoration:none;white-space:pre"> Balance</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.74pt;position:var(--position);white-space:pre">Book</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.6pt;position:var(--position);white-space:pre">Value</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:36.58pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.19pt;position:var(--position);white-space:pre">Wtd. Avg.</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.61pt;position:var(--position);white-space:pre"> Yield/Cost</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:45.57pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:71.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.05pt;position:var(--position);white-space:pre">Term</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:42.14pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CLOs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">2026 FL6 Collateralized Loan Obligation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:63.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:63.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">880,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:63.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">872,474<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:63.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.84<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:63.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.93pt;position:var(--position);text-decoration:none;white-space:pre">August 2043</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:78.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.5pt;position:var(--position);text-decoration:none;white-space:pre">19</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:78.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">998,448<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:78.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">998,448<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:78.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.04<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:78.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.01pt;position:var(--position);text-decoration:none;white-space:pre">September 2029</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">2025 FL5 Collateralized Loan Obligation</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:108.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:108.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">831,250<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:108.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">823,296<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:108.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.15<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:108.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.28pt;position:var(--position);text-decoration:none;white-space:pre">October 2042</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:123.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.5pt;position:var(--position);text-decoration:none;white-space:pre">19</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:123.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">997,984<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:123.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">997,984<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:123.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.44<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:123.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.33pt;position:var(--position);text-decoration:none;white-space:pre">February 2029</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">2021 FL4 Collateralized Loan Obligation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:138.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:138.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:138.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:138.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:138.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:153.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:153.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:153.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">421,346<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:153.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">421,346<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:153.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.83<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:153.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.21pt;position:var(--position);text-decoration:none;white-space:pre">May 2038</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:168.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:168.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.5pt;position:var(--position);text-decoration:none;white-space:pre">13</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:168.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">551,661<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:168.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">551,661<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:168.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 4.17<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:168.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.04pt;position:var(--position);text-decoration:none;white-space:pre">July 2027</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:183.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">2020 FL2 Collateralized Loan Obligation</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:198.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:198.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:198.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">428,673<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:198.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">428,673<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:198.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.93<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:198.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.33pt;position:var(--position);text-decoration:none;white-space:pre">February 2038</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:213.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:213.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">9</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:213.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">595,239<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:213.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">595,239<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:213.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.04<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:213.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.33pt;position:var(--position);text-decoration:none;white-space:pre">February 2027</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:228.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);white-space:pre">Total CLOs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:243.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:243.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:243.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,561,269<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:243.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,545,789<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:243.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.95<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:258.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:258.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.5pt;position:var(--position);text-decoration:none;white-space:pre">60</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:258.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">3,143,332<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:258.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">3,143,332<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:258.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.35<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:273.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">European Loan Securitization</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:288.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Financing Provided</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:288.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:288.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">189,541<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:288.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">187,175<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:288.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.71<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:288.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.04pt;position:var(--position);text-decoration:none;white-space:pre">July 2030</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:303.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:204pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);top:-2.626pt;white-space:pre">Underlying Collateral Assets</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:126.6pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(4)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:303.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:303.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">244,367<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:303.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">241,995<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:303.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.97<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:303.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.04pt;position:var(--position);text-decoration:none;white-space:pre">July 2030</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:318.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:1.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:333.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.13pt;position:var(--position);white-space:pre">Senior CLO Securities Outstanding / </span></div><div style="line-height:10pt;position:var(--position);top:17.776pt;width:204pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:25.13pt;position:var(--position);top:-2.626pt;white-space:pre">Financing Provided</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:103.67999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(5)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:333.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">5</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:333.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,750,810<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:333.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,732,964<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:333.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.93<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:360pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.13pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:360pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.5pt;position:var(--position);text-decoration:none;white-space:pre">61</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:360pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">3,387,699<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:360pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">3,385,327<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:360pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.35<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:509pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:517pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:347.88pt">The book value of underlying collateral assets excludes any applicable CECL reserves.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">In addition to cash coupon, all-in yield includes the amortization of deferred origination and extension fees, loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:540pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">origination costs, purchase discounts, and accrual of exit fees, while all-in cost includes the amortization of deferred</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:551.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:147.48pt">origination fees and financing costs.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:232.98pt;position:var(--position);text-decoration:none;white-space:pre;width:3.23pt"> </span><span style="-sec-ix-hidden:f-1380"><span style="-sec-ix-hidden:f-1381"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:236.21pt;position:var(--position);text-decoration:none;white-space:pre;width:317.23pt">The weighted-average all-in yield and cost are expressed as a spread over the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:563pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:396.56pt">relevant floating benchmark rates, which is SOFR for the CLOs and EURIBOR for the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.06pt;position:var(--position);text-decoration:none;white-space:pre;width:6.28pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:488.34pt;position:var(--position);text-decoration:none;white-space:pre;width:65.1pt">European Loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:574.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:55.46pt">Securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.96pt;position:var(--position);text-decoration:none;white-space:pre;width:6.14pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.1pt;position:var(--position);text-decoration:none;white-space:pre;width:406.31pt">All-in yield excludes loans accounted for under the cost-recovery and nonaccrual methods, if any,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:586pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">owned real estate assets, and cash from repayment proceeds held in certain of our CLOs that may be used to add</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:117.02pt">new eligible collateral assets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:609pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">Underlying collateral assets term represents the weighted-average final maturity of such loans, assuming all</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:620.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">extension options are exercised by the borrower, and excludes owned real estate assets. Repayments of securitized</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:632pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">debt obligations are tied to timing of the related collateral loan asset repayments. The term of these obligations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:643.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:254.37pt">represents the rated final distribution date of the securitizations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:655pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(4)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:75.26pt">We financed our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:160.76pt;position:var(--position);text-decoration:none;white-space:pre;width:55.91pt">$55.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:216.67pt;position:var(--position);text-decoration:none;white-space:pre;width:336.8pt"> retained interests in the securitization under a repurchase agreement structured</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:666.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">without capital markets-based mark-to-market provisions. The amount of the financing is included in other liabilities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:678pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:141.22pt">on our consolidated balance sheets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:689.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(5)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:46.02pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:131.52pt;position:var(--position);text-decoration:none;white-space:pre;width:110.34pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.75pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.61pt;position:var(--position);text-decoration:none;white-space:pre;width:56.32pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:300.93pt;position:var(--position);text-decoration:none;white-space:pre;width:57.35pt">, we recorded </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:358.28pt;position:var(--position);text-decoration:none;white-space:pre;width:54.1pt">$40.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:412.38pt;position:var(--position);text-decoration:none;white-space:pre;width:19.93pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:432.31pt;position:var(--position);text-decoration:none;white-space:pre;width:54.1pt">$74.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:486.41pt;position:var(--position);text-decoration:none;white-space:pre;width:67.08pt">, respectively, of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:701pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:234.68pt">interest expense related to our securitized debt obligations.</span></div><div style="position:var(--position);top:54pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:201.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:29.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="10" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);width:293.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:114.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Securitized Debt Obligations</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:12.75pt;width:29.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.97pt;position:var(--position);text-decoration:none;white-space:pre">Count</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.86pt;position:var(--position);text-decoration:none;white-space:pre">Principal</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.08pt;position:var(--position);text-decoration:none;white-space:pre"> Balance</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.72pt;position:var(--position);white-space:pre">Book Value</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:46.47pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.19pt;position:var(--position);white-space:pre">Wtd. Avg.</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.58pt;position:var(--position);white-space:pre"> Yield/Cost</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:42.54pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)(3)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:71.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.05pt;position:var(--position);white-space:pre">Term</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:42.14pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(4)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CLOs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">2025 FL5 Collateralized Loan Obligation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:64.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.12pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:64.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">831,250<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:64.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">822,243<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:64.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.15<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:64.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.28pt;position:var(--position);text-decoration:none;white-space:pre">October 2042</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:79.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:79.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">18</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:79.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">944,537<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:79.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">944,537<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:79.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.49<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:79.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.28pt;position:var(--position);text-decoration:none;white-space:pre">October 2028</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2021 FL4 Collateralized Loan Obligation</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:109.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.12pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:109.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">605,613<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:109.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">605,613<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:109.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.45<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:109.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.21pt;position:var(--position);text-decoration:none;white-space:pre">May 2038</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:124.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:124.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">16</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:124.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">736,360<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:124.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">736,360<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:124.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.18<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:124.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.33pt;position:var(--position);text-decoration:none;white-space:pre">February 2027</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:139.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2020 FL2 Collateralized Loan Obligation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:154.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.12pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:154.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">519,967<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:154.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">519,967<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:154.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.82<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:154.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.33pt;position:var(--position);text-decoration:none;white-space:pre">February 2038</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:169.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:169.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">11</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:169.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">691,964<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:169.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">691,964<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:169.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.84<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:169.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.83pt;position:var(--position);text-decoration:none;white-space:pre">January 2027</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:184.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Total CLOs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:199.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:199.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.12pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:199.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">1,956,830<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:199.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">1,947,823<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:199.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.84<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:214.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:214.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">45</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:214.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,372,861<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:214.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,372,861<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:214.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.22<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:229.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">European Loan Securitization</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:244.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Financing Provided</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:244.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.12pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:244.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">192,666<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:244.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">191,896<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:244.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.53<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:244.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.04pt;position:var(--position);text-decoration:none;white-space:pre">July 2030</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:259.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:201.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);top:-2.626pt;white-space:pre">Underlying Collateral Assets</span><span style="font-family:'Times New Roman', serif;font-size:4.5825000000000005pt;font-style:normal;font-weight:normal;left:126.6pt;position:var(--position);top:-4.276pt;vertical-align:super;white-space:pre">(5)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:259.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.12pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:259.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">249,160<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:259.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">246,421<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:259.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.97<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:259.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.04pt;position:var(--position);text-decoration:none;white-space:pre">July 2030</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:274.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:1.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:289.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.13pt;position:var(--position);white-space:pre">Senior CLO Securities Outstanding / </span></div><div style="line-height:10pt;position:var(--position);top:17.776pt;width:201.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:25.13pt;position:var(--position);top:-2.626pt;white-space:pre">Financing Provided</span><span style="font-family:'Times New Roman', serif;font-size:4.5825000000000005pt;font-style:normal;font-weight:normal;left:103.67999999999999pt;position:var(--position);top:-4.276pt;vertical-align:super;white-space:pre">(6)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:289.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:289.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,149,496<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:289.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,139,719<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:289.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.82<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:315.75pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.13pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:315.75pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">46</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:315.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,622,021<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:315.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,619,282<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:315.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.22<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:389.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:399.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:347.88pt">The book value of underlying collateral assets excludes any applicable CECL reserves.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:410.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">In addition to cash coupon, all-in yield includes the amortization of deferred origination and extension fees, loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:422.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:247.21pt">origination costs, purchase discounts, and accrual of exit fees.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:433.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="-sec-ix-hidden:f-1433"><span style="-sec-ix-hidden:f-1434"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">The weighted-average all-in yield and cost are expressed as a spread over the relevant floating benchmark rates,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:445.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:222.67pt">which is SOFR for the CLOs and EURIBOR for the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.16999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:4.08pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:312.25pt;position:var(--position);text-decoration:none;white-space:pre;width:122.44pt">European Loan Securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.69pt;position:var(--position);text-decoration:none;white-space:pre;width:6.58pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:441.27pt;position:var(--position);text-decoration:none;white-space:pre;width:112.11pt">All-in yield excludes loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:456.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">accounted for under the cost-recovery and nonaccrual methods, if any, owned real estate assets, and cash from</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:468.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:409.47pt">repayment proceeds held in certain of our CLOs that may be used to add new eligible collateral assets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:479.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(4)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">Underlying collateral assets term represents the weighted-average final maturity of such loans, assuming all</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:491.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">extension options are exercised by the borrower. Repayments of securitized debt obligations are tied to timing of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:502.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">related collateral loan asset repayments. The term of these obligations represents the rated final distribution date of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:514.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:74.88pt">the securitizations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:525.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(5)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:75.26pt">We financed our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:160.76pt;position:var(--position);text-decoration:none;white-space:pre;width:55.91pt">$55.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:216.67pt;position:var(--position);text-decoration:none;white-space:pre;width:336.8pt"> retained interests in the securitization under a repurchase agreement structured</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:537.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">without capital markets-based mark-to-market provisions. The amount of the financing is included in other liabilities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:548.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:141.22pt">on our consolidated balance sheets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:560.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(6)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:45.92pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:131.42000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:43.75pt">year ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:175.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:2.7pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:177.87pt;position:var(--position);text-decoration:none;white-space:pre;width:78.94pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:256.81pt;position:var(--position);text-decoration:none;white-space:pre;width:57.2pt">, we recorded </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:314.01pt;position:var(--position);text-decoration:none;white-space:pre;width:59.05pt">$140.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.06pt;position:var(--position);text-decoration:none;white-space:pre;width:180.31pt"> of interest expense related to our securitized</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:571.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:66.6pt">debt obligations.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:none;white-space:pre">ASSET-SPECIFIC DEBT, NET</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:268.85pt">The following tables detail our asset-specific debt ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:327.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:96.8pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:141pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:141pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="10" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);width:354pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:354pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:153.78pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:141pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Asset-Specific Debt</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.97pt;position:var(--position);text-decoration:none;white-space:pre">Count</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.86pt;position:var(--position);text-decoration:none;white-space:pre">Principal</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.08pt;position:var(--position);text-decoration:none;white-space:pre"> Balance</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:282.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.72pt;position:var(--position);white-space:pre">Book Value</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:49.47pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.19pt;position:var(--position);white-space:pre">Wtd. Avg.</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.61pt;position:var(--position);white-space:pre">Yield/Cost</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:47.57pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:12.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.69pt;position:var(--position);white-space:pre">Wtd. Avg.</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:74.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.55pt;position:var(--position);white-space:pre"> Term</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:44.64pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:141pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financing provided</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:34.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:34.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">972,635<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:282.75pt;position:var(--position);top:34.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">971,305<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:34.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.21pt;position:var(--position)"></span><span style="left:27.21pt;position:var(--position)">+ 2.73<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:34.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.83pt;position:var(--position);text-decoration:none;white-space:pre">February 2030</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:141pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Collateral assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:49.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:49.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,209,740<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:282.75pt;position:var(--position);top:49.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,202,445<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:49.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.21pt;position:var(--position)"></span><span style="left:27.21pt;position:var(--position)">+ 4.10<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:49.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.83pt;position:var(--position);text-decoration:none;white-space:pre">February 2030</span></div></div></div></td></tr><tr style="height:6.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:141pt"><div><div style="line-height:1pt;position:var(--position);top:3.75pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:1pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="10" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:141pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="10" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:71.25pt;width:354pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:354pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:144.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:84pt;width:141pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Asset-Specific Debt</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:84pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.97pt;position:var(--position);text-decoration:none;white-space:pre">Count</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:84pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.86pt;position:var(--position);text-decoration:none;white-space:pre">Principal</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.08pt;position:var(--position);text-decoration:none;white-space:pre"> Balance</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:282.75pt;position:var(--position);top:84pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.72pt;position:var(--position);white-space:pre">Book Value</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:49.47pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:84pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.19pt;position:var(--position);white-space:pre">Wtd. Avg.</span></div><div style="line-height:8pt;position:var(--position);top:12.94pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.61pt;position:var(--position);white-space:pre"> Yield/Cost</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:48.57pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:84pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.69pt;position:var(--position);white-space:pre">Wtd. Avg.</span></div><div style="line-height:8pt;position:var(--position);top:12.94pt;width:74.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.55pt;position:var(--position);white-space:pre"> Term</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:44.64pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:141pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financing provided</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:105.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:105.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">999,810<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:282.75pt;position:var(--position);top:105.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">997,746<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:105.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.21pt;position:var(--position)"></span><span style="left:27.21pt;position:var(--position)">+ 2.66<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:105.75pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.83pt;position:var(--position);text-decoration:none;white-space:pre">February 2030</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:141pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Collateral assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:120.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:120.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,243,500<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:282.75pt;position:var(--position);top:120.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,234,205<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:120.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.21pt;position:var(--position)"></span><span style="left:27.21pt;position:var(--position)">+ 4.02<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:120.75pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.83pt;position:var(--position);text-decoration:none;white-space:pre">February 2030</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:237.55pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:249.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:347.88pt">The book value of underlying collateral assets excludes any applicable CECL reserves.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:260.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="-sec-ix-hidden:f-1453"><span style="-sec-ix-hidden:f-1454"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">The weighted-average all-in yield and cost are expressed as a spread over the relevant floating benchmark rates,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:272.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:202.48pt">which include SOFR and CORRA, as applicable.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:287.98pt;position:var(--position);text-decoration:none;white-space:pre;width:265.37pt"> These floating rate loans and related liabilities are currency and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:283.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">index-matched to the applicable benchmark rate relevant in each arrangement. In addition to cash coupon, yield/cost</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:295.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:294.63pt">includes the amortization of deferred origination fees and financing costs.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">The weighted-average term is determined based on the maximum maturity of the corresponding loans, assuming all</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">extension options are exercised by the borrower. Our non-recourse, asset-specific debt is term-matched in each case</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:329.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:147.87pt">to the corresponding collateral loans.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:none;white-space:pre">TERM LOANS, NET</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:376.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.08pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:107.58pt;position:var(--position);text-decoration:none;white-space:pre;width:73.51pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:181.09pt;position:var(--position);text-decoration:none;white-space:pre;width:4.28pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:185.37pt;position:var(--position);text-decoration:none;white-space:pre;width:59.38pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.75pt;position:var(--position);text-decoration:none;white-space:pre;width:123.23pt">, we borrowed an additional </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:367.98pt;position:var(--position);text-decoration:none;white-space:pre;width:60.63pt">$770.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.61pt;position:var(--position);text-decoration:none;white-space:pre;width:40.03pt"> under a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:468.64pt;position:var(--position);text-decoration:none;white-space:pre;width:65.71pt">B-9 Term Loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:534.35pt;position:var(--position);text-decoration:none;white-space:pre;width:18.98pt">, the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:387.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:254.32pt">proceeds of which were used, among other things, to repay all </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:312.82pt;position:var(--position);text-decoration:none;white-space:pre;width:59.19pt">$695.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:372.01pt;position:var(--position);text-decoration:none;white-space:pre;width:141.9pt"> in principal outstanding under the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:513.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:39.46pt">B-6 Term</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:398.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:20.53pt">Loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:79.03pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:422.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">The following table details the net book value of each of our senior term loan facilities, or Term Loans, on our consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:433.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:127.08pt">balance sheets ($ in thousands):</span></div><div style="position:var(--position);top:445.15pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:123pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:90pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);width:151.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:56.77pt;position:var(--position);text-decoration:none;white-space:pre">Face Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:123pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Term Loans</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);top:12.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.91pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:12.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.81pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.29pt;position:var(--position);white-space:pre">Interest Rate</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:48.9pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.03pt;position:var(--position);white-space:pre">All-in Cost</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:42.1pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)(2)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:12.75pt;width:90pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.46pt;position:var(--position);text-decoration:none;white-space:pre">Maturity</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:123pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">B-6 Term Loan</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);top:25.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:57.54pt"></span></span><span style="left:60.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:25.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.04pt"></span></span><span style="left:37.67pt;position:var(--position)">695,754<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:25.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.00<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:25.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.61<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:25.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.83pt;position:var(--position);text-decoration:none;white-space:pre">December 10, 2030</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:123pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">B-7 Term Loan</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);top:40.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.04pt"></span></span><span style="left:37.67pt;position:var(--position)">449,706<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:40.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.04pt"></span></span><span style="left:37.67pt;position:var(--position)">451,972<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:40.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.50<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:40.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.11<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:40.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36.55pt;position:var(--position);text-decoration:none;white-space:pre">May 9, 2029</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:123pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">B-8 Term Loan</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);top:55.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.04pt"></span></span><span style="left:37.67pt;position:var(--position)">696,500<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:55.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.04pt"></span></span><span style="left:37.67pt;position:var(--position)">700,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:55.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.50<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:55.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.95<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:55.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.83pt;position:var(--position);text-decoration:none;white-space:pre">December 19, 2032</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">B-9 Term Loan</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);top:70.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.04pt"></span></span><span style="left:37.67pt;position:var(--position)">768,827<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:70.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:57.54pt"></span></span><span style="left:60.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:70.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.50<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:70.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.95<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:70.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.83pt;position:var(--position);text-decoration:none;white-space:pre">December 10, 2030</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Total face value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);top:85.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">1,915,033<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:85.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">1,847,726<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deferred financing costs and </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.63pt;position:var(--position);text-decoration:none;white-space:pre">unamortized discounts</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);top:100.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.46pt;position:var(--position);text-decoration:none;white-space:pre">(36,471)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:100.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.46pt;position:var(--position);text-decoration:none;white-space:pre">(39,726)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126.75pt;width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Net book value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);top:126.75pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">1,878,562<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:126.75pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">1,808,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:591.9pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:5.25pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:604.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:417.12pt">The B-7 Term Loan and B-9 Term Loan borrowings are subject to a benchmark interest rate floor of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:502.62pt;position:var(--position);text-decoration:none;white-space:pre;width:3.42pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:506.04pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">0.50%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:531.87pt;position:var(--position);text-decoration:none;white-space:pre;width:5.92pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:537.79pt;position:var(--position);text-decoration:none;white-space:pre;width:15.53pt">The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:615.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:180.11pt">Term loans are indexed to one-month SOFR.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:627.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">Includes issue discount and transaction expenses that are amortized through interest expense over the life of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:638.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:94.58pt">applicable Term Loans.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:662.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:132.77pt">The Term Loans are partially a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.27pt;position:var(--position);text-decoration:none;white-space:pre;width:153.46pt">mortizing, with an amount equal to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:344.73pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">1.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.56pt;position:var(--position);text-decoration:none;white-space:pre;width:187.91pt"> per annum of the aggregate initial principal</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:673.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:147.01pt">balance due in quarterly installments</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:205.51pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:365.11pt">The following table details our interest expense related to the Term Loans ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:77.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:243pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:243pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.62pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:243pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash coupon</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">29,825<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">34,096<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">59,506<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">68,144<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Discount and issuance cost amortization</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">2,023<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,886<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">4,472<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">4,068<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total interest expense</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">31,848<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">35,982<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">63,978<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">72,212<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:165pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:358.54pt">The Term Loans contain the financial covenant that our indebtedness shall not exceed </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:417.04pt;position:var(--position);text-decoration:none;white-space:pre;width:30.83pt">83.33%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:447.87pt;position:var(--position);text-decoration:none;white-space:pre;width:105.46pt"> of our total assets. As of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:176.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.04pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.53999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:19.65pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:134.19pt;position:var(--position);text-decoration:none;white-space:pre;width:78.76pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:212.95pt;position:var(--position);text-decoration:none;white-space:pre;width:214.16pt">, we were in compliance with this covenant. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.11pt;position:var(--position);text-decoration:none;white-space:pre;width:27.03pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:454.14pt;position:var(--position);text-decoration:none;white-space:pre;width:99.26pt"> for further discussion of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:188pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:175.63pt">our accounting policies for the Term Loans.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:none;white-space:pre">SENIOR SECURED NOTES, NET</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:235pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:47.74pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.24000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:72.17pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.41pt;position:var(--position);text-decoration:none;white-space:pre;width:3.61pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:58.04pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:240.06pt;position:var(--position);text-decoration:none;white-space:pre;width:106.55pt">, we issued an additional </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.61pt;position:var(--position);text-decoration:none;white-space:pre;width:59.96pt">$450.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:406.57pt;position:var(--position);text-decoration:none;white-space:pre;width:146.78pt"> principal amount of senior secured</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:246.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:468.15pt">notes, or Senior Secured Notes, the proceeds of which were used, among other things, to repay existing secured debt.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:269.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">The following table details the net book value of our Senior Secured Notes on our consolidated balance sheets ($ in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:281.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:46.08pt">thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.58pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:293.4pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:138.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:81.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:43.27pt;position:var(--position);text-decoration:none;white-space:pre">Face Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:138.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:138.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Senior Secured Notes Issuance</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.06pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:269.25pt;position:var(--position);top:12.75pt;width:45pt"><div><div style="line-height:8pt;position:var(--position);top:5.12pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.18pt;position:var(--position);text-decoration:none;white-space:pre">Interest </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.51pt;position:var(--position);text-decoration:none;white-space:pre">Rate</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:317.25pt;position:var(--position);top:12.75pt;width:45pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:45pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.96pt;position:var(--position);white-space:pre">Swapped </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:45pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.48pt;position:var(--position);white-space:pre">Rate</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:27.46pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:12.75pt;width:45pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:45pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.73pt;position:var(--position);white-space:pre">All-in </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:45pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.7pt;position:var(--position);white-space:pre">Cost</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:27.24pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:413.25pt;position:var(--position);top:12.75pt;width:81.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.33pt;position:var(--position);text-decoration:none;white-space:pre">Maturity</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:138.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:138.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">October 2021</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:34.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">335,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:34.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">335,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:269.25pt;position:var(--position);top:34.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:15.09pt;position:var(--position)"></span><span style="left:15.09pt;position:var(--position)">3.75<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:35.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:317.25pt;position:var(--position);top:34.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:17.34pt;position:var(--position);text-decoration:none;white-space:pre">n/a</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:34.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:15.09pt;position:var(--position)"></span><span style="left:15.09pt;position:var(--position)">4.06<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:35.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:413.25pt;position:var(--position);top:34.5pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.54pt;position:var(--position);text-decoration:none;white-space:pre">January 15, 2027</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:138.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:138.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">December 2024</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:49.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">450,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:49.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">450,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:269.25pt;position:var(--position);top:49.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:15.09pt;position:var(--position)"></span><span style="left:15.09pt;position:var(--position)">7.75<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:35.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:317.25pt;position:var(--position);top:49.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:6.96pt;position:var(--position)"></span><span style="left:6.96pt;position:var(--position)">+ 3.95<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:35.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:49.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:15.09pt;position:var(--position)"></span><span style="left:15.09pt;position:var(--position)">8.14<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:35.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:413.25pt;position:var(--position);top:49.5pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:5.58pt;position:var(--position);text-decoration:none;white-space:pre">December 1, 2029</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:138.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:138.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">May 2026</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:64.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">450,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:64.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:269.25pt;position:var(--position);top:64.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:15.09pt;position:var(--position)"></span><span style="left:15.09pt;position:var(--position)">6.25<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:35.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:317.25pt;position:var(--position);top:64.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:6.96pt;position:var(--position)"></span><span style="left:6.96pt;position:var(--position)">+ 2.50<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:35.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:64.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:15.09pt;position:var(--position)"></span><span style="left:15.09pt;position:var(--position)">6.68<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:35.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:413.25pt;position:var(--position);top:64.5pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.3pt;position:var(--position);text-decoration:none;white-space:pre">June 1, 2031</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:79.5pt;width:138.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:138.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Total face value</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:79.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">1,235,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:79.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">785,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:138.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:138.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deferred financing costs and </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:138.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.63pt;position:var(--position);text-decoration:none;white-space:pre">unamortized discounts</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:94.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.96pt;position:var(--position);text-decoration:none;white-space:pre">(13,111)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:94.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.96pt;position:var(--position);text-decoration:none;white-space:pre">(7,280)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:138.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:138.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Hedging adjustments</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:87.27pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:120.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.96pt;position:var(--position);text-decoration:none;white-space:pre">(4,706)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:120.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">6,840</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135.75pt;width:138.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:138.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Net book value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:135.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">1,217,499<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:135.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">784,876<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:449.15pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">For certain of the Senior Secured Notes, we have entered into interest rate swaps that effectively convert our fixed</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:470.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:435.32pt">rate exposure to floating rate exposure. The interest rate swaps are indexed to one-month SOFR. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:520.8199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:32.67pt">Note 13</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:482.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:87.99pt">for further discussion.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:493.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:461.37pt">Includes transaction expenses that are amortized through interest expense over the life of the Senior Secured Notes.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:505.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">Represents the aggregate fair value of interest rate swaps that we entered into to convert the fixed rate exposure of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:516.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:38.89pt">both the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.39pt;position:var(--position);text-decoration:none;white-space:pre;width:65.5pt">December 2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.89pt;position:var(--position);text-decoration:none;white-space:pre;width:23.35pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:213.24pt;position:var(--position);text-decoration:none;white-space:pre;width:42.78pt">May 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:256.02pt;position:var(--position);text-decoration:none;white-space:pre;width:215.74pt"> Senior Secured Notes into floating rate. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.76pt;position:var(--position);text-decoration:none;white-space:pre;width:33.88pt">Note 13</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:505.64pt;position:var(--position);text-decoration:none;white-space:pre;width:47.77pt"> for further</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:44.14pt">discussion.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:551.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:403.14pt">The following table details our interest expense related to the Senior Secured Notes ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:575.15pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:242.25pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:242.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);width:125.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:242.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash coupon</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">15,222<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">11,862<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">27,084<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">23,725<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Discount and issuance cost amortization</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">818<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">651<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,459<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,349<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Total interest expense</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">16,040<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">12,513<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">28,543<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">25,074<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:662.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:387.74pt">The Senior Secured Notes contain the financial covenant that our indebtedness shall not exceed </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:446.24pt;position:var(--position);text-decoration:none;white-space:pre;width:30.83pt">83.33%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.07pt;position:var(--position);text-decoration:none;white-space:pre;width:76.28pt"> of our total assets.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:674.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:25.3pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:83.8pt;position:var(--position);text-decoration:none;white-space:pre;width:56.68pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.48000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:20.29pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:160.76999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:79.4pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:240.17pt;position:var(--position);text-decoration:none;white-space:pre;width:313.2pt">, we were in compliance with this covenant. Under certain circumstances, we</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:685.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">may, at our option, release all of the collateral securing our Senior Secured Notes, in which case we would also be required</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:697.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:340.82pt">to maintain a total unencumbered assets to total unsecured indebtedness ratio of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:399.32pt;position:var(--position);text-decoration:none;white-space:pre;width:17.5pt">1.20</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:416.82pt;position:var(--position);text-decoration:none;white-space:pre;width:50.94pt"> or greater. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:467.76pt;position:var(--position);text-decoration:none;white-space:pre;width:85.64pt">This covenant is not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:708.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:368.12pt">currently in effect as the collateral securing our Senior Secured Notes has not been released.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:none;white-space:pre">CONVERTIBLE NOTES, NET</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">The following table details the net book value of our convertible senior notes, or Convertible Notes, on our consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:127.08pt">balance sheets ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:185.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:112pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:129.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:39.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:39.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);width:153pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:153pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:57.52pt;position:var(--position);text-decoration:none;white-space:pre">Face Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:129.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Convertible Notes</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:12.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.28pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:12.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.19pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:12.75pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.12pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.56pt;position:var(--position);text-decoration:none;white-space:pre">Interest </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.88pt;position:var(--position);text-decoration:none;white-space:pre">Rate </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:12.75pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.12pt;width:39.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.11pt;position:var(--position);white-space:pre">All-in </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:39.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.07pt;position:var(--position);white-space:pre">Cost</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:24.61pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:12.75pt;width:45pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:45pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.96pt;position:var(--position);white-space:pre">Conversion </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:45pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.59pt;position:var(--position);white-space:pre">Price</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:28.34pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:12.75pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.33pt;position:var(--position);text-decoration:none;white-space:pre">Maturity</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:129.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.62pt;position:var(--position);text-decoration:none;white-space:pre">Face value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:34.5pt;width:75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:38.42pt;position:var(--position)">266,157<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:34.5pt;width:75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:38.42pt;position:var(--position)">266,157<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:34.5pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.9pt;position:var(--position);text-decoration:none;white-space:pre">5.50%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:34.5pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.9pt;position:var(--position);text-decoration:none;white-space:pre">5.79%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:34.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.69pt;position:var(--position);text-decoration:none;white-space:pre">$36.27</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:34.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.08pt;position:var(--position);text-decoration:none;white-space:pre">March 15, 2027</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:129.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.62pt;position:var(--position);text-decoration:none;white-space:pre">Deferred financing costs and </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">unamortized discount</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:49.5pt;width:75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.71pt;position:var(--position);text-decoration:none;white-space:pre">(847)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:49.5pt;width:75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.21pt;position:var(--position);text-decoration:none;white-space:pre">(1,412)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:129.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Net book value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:75.75pt;width:75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:38.42pt;position:var(--position)">265,310<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:75.75pt;width:75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:38.42pt;position:var(--position)">264,745<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:207.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:219.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">Includes issuance costs that are amortized through interest expense over the life of the Convertible Notes using the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:230.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:101.78pt">effective interest method.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:187.28pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:242.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:355.09pt">Represents the price of class A common stock per share based on a conversion rate of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.59pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">27.5702</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.09pt;position:var(--position);text-decoration:none;white-space:pre;width:80.38pt"> for the Convertible</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:253.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:401.92pt">Notes. The conversion rate represents the number of shares of class A common stock issuable per </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:487.42pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">$1,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:514.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:38.58pt"> principal</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:265.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:279.15pt">amount of Convertible Notes. The cumulative dividend threshold has </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:364.65pt;position:var(--position);text-decoration:none;white-space:pre;width:12.77pt">not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:377.42pt;position:var(--position);text-decoration:none;white-space:pre;width:85.16pt"> been exceeded as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:462.58pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:518.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:520.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:288.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">Other than as provided by the optional redemption provisions with respect to our Convertible Notes, we may not redeem</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:300.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">the Convertible Notes prior to maturity. The Convertible Notes are convertible at the holders’ option into shares of our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:311.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">class A common stock, only under specific circumstances, prior to the close of business on December 14, 2026 at the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:323.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">applicable conversion rate in effect on the conversion date. Thereafter, the Convertible Notes are convertible at the option</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:334.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.82pt">of the holder at any time until the second scheduled trading day immediately preceding the maturity date. The last reported</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:346.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:174.89pt">sale price of our class A common stock of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:233.39pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">$16.95</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:260.89pt;position:var(--position);text-decoration:none;white-space:pre;width:15.94pt"> on </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.83000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:56.76pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:333.59pt;position:var(--position);text-decoration:none;white-space:pre;width:112.05pt">, the last trading day in the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:445.64pt;position:var(--position);text-decoration:none;white-space:pre;width:70.89pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.53pt;position:var(--position);text-decoration:none;white-space:pre;width:2.97pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:519.5pt;position:var(--position);text-decoration:none;white-space:pre;width:33.79pt">June 30,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.29pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:357.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:78.5pt;position:var(--position);text-decoration:none;white-space:pre;width:277.18pt">, was less than the per share conversion price of the Convertible Note</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:355.68pt;position:var(--position);text-decoration:none;white-space:pre;width:6.39pt">s.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:381.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:221.91pt">The following table details our interest expense related </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:280.40999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:167.62pt">to the Convertible Notes ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:405.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:242.25pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:242.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);width:125.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:242.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash coupon</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,660<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,660<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,319<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,319<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Discount and issuance cost amortization</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">282<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">282<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">565<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">565<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Total interest expense</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,942<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,942<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,884<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,884<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:492.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:233.12pt">Accrued interest payable for the Convertible Notes was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:291.62pt;position:var(--position);text-decoration:none;white-space:pre;width:49.97pt">$4.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.59pt;position:var(--position);text-decoration:none;white-space:pre;width:48.9pt"> as of both </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:390.49pt;position:var(--position);text-decoration:none;white-space:pre;width:58.06pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:448.55pt;position:var(--position);text-decoration:none;white-space:pre;width:21.67pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:470.22pt;position:var(--position);text-decoration:none;white-space:pre;width:80.78pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:551pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:34.95pt">Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.45pt;position:var(--position);text-decoration:none;white-space:pre;width:26.92pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.37pt;position:var(--position);text-decoration:none;white-space:pre;width:301.37pt"> for further discussion of our accounting policies for the Convertible Notes.</span> 1000000000.0 1500000000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:245.57pt">The following table details our secured debt ($ in thousands):</span><div style="position:var(--position);top:576.05pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:341.25pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:70.5pt"></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:341.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.99pt;width:341.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:341.25pt;position:var(--position);width:153.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.8pt;width:153.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:53.9pt;position:var(--position);white-space:pre">Secured Debt </span></div><div style="line-height:8pt;position:var(--position);top:12.99pt;width:153.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:34.57pt;position:var(--position);white-space:pre">Borrowings Outstanding</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:119.16999999999999pt;position:var(--position);white-space:pre"> </span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21.75pt;width:341.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:341.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:341.25pt;position:var(--position);top:21.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.91pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:21.75pt;width:70.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.94pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:341.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:341.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Secured credit facilities</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:341.25pt;position:var(--position);top:34.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.54pt"></span></span><span style="left:36.17pt;position:var(--position)">8,717,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:34.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.79pt"></span></span><span style="left:21.419999999999998pt;position:var(--position)">10,125,839<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:341.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:341.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Deferred financing costs</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:100.83999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:341.25pt;position:var(--position);top:49.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:48.46pt;position:var(--position);text-decoration:none;white-space:pre">(8,407)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:49.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:38.71pt;position:var(--position);text-decoration:none;white-space:pre">(8,547)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:341.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:341.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net book value of secured debt</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:341.25pt;position:var(--position);top:64.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.54pt"></span></span><span style="left:36.17pt;position:var(--position)">8,708,944<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:64.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.79pt"></span></span><span style="left:21.419999999999998pt;position:var(--position)">10,117,292<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:660.55pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:672.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre">Costs incurred in connection with our secured debt are recorded on our consolidated balance sheets when incurred </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:683.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre">and recognized as a component of interest expense over the life of each related facility.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:242.43pt">The following table details our secured credit facilities as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:300.93pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:356.75pt;position:var(--position);text-decoration:none;white-space:pre;width:69.68pt"> ($ in thousands):</span><div style="position:var(--position);top:158.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:42pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:39.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:48.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:47.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:29.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:30pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:56.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:42pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:42pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:45pt;position:var(--position);width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);width:29.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);width:89.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:89.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.66pt;position:var(--position);text-decoration:none;white-space:pre">Recourse Limitation</span></div></div></div></td></tr><tr style="height:32.25pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:42pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:42pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Currency</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:45pt;position:var(--position);top:12.75pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:39.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.86pt;position:var(--position);white-space:pre">Lenders</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:30.83pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.64pt;position:var(--position);text-decoration:none;white-space:pre">Borrowings</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:12.75pt;width:48.75pt"><div><div style="line-height:8pt;position:var(--position);top:15.62pt;width:48.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.94pt;position:var(--position);white-space:pre">Wtd. Avg. </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:48.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.8pt;position:var(--position);white-space:pre">Maturity</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:36.879999999999995pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:12.75pt;width:47.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.62pt;width:47.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.19pt;position:var(--position);white-space:pre">Wtd. Avg.</span></div><div style="line-height:8pt;position:var(--position);top:15.62pt;width:47.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.86pt;position:var(--position);white-space:pre">All-in </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:47.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.76pt;position:var(--position);white-space:pre">Cost</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:22.299999999999997pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(3)(4)(5)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:12.75pt;width:29.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.51pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.74pt;position:var(--position);text-decoration:none;white-space:pre">Loan </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.97pt;position:var(--position);text-decoration:none;white-space:pre">Count</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:287.25pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.5pt;position:var(--position);white-space:pre">Collateral</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:43.69pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(6)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:12.75pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.24pt;width:50.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.69pt;position:var(--position);white-space:pre">Wtd. Avg.</span></div><div style="line-height:8pt;position:var(--position);top:14.43pt;width:50.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.36pt;position:var(--position);white-space:pre">All-in </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:50.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.96pt;position:var(--position);white-space:pre">Yield</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:28.16pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(3)(4)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:12.75pt;width:30pt"><div><div style="line-height:8pt;position:var(--position);top:14.51pt;width:30pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.39pt;position:var(--position);text-decoration:none;white-space:pre">Wtd. </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:30pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.05pt;position:var(--position);text-decoration:none;white-space:pre">Avg.</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:12.75pt;width:56.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.18pt;position:var(--position);text-decoration:none;white-space:pre">Range</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:42pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:42pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">USD</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:45pt;position:var(--position);top:45pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.87pt;position:var(--position);text-decoration:none;white-space:pre">14</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:45pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">3,668,157<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:45pt;width:48.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:48.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.96pt;position:var(--position);text-decoration:none;white-space:pre">May 2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:45pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:11.71pt;position:var(--position)"></span><span style="left:11.71pt;position:var(--position)">+1.74<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;border-right:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:45pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">78</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:287.25pt;position:var(--position);top:45pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">6,042,859<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:45pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:14.71pt;position:var(--position)"></span><span style="left:14.71pt;position:var(--position)">+2.76<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:45pt;width:30pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:30pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.77pt;position:var(--position);text-decoration:none;white-space:pre">36%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:45pt;width:56.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.13pt;position:var(--position);text-decoration:none;white-space:pre">25%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.459999999999997pt;position:var(--position);white-space:pre"> - </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.79pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60pt;width:42pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:42pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.28pt;position:var(--position);text-decoration:none;white-space:pre">GBP</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:45pt;position:var(--position);top:60pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:17.37pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:60pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">1,906,500<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:60pt;width:48.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:48.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.8pt;position:var(--position);text-decoration:none;white-space:pre">Mar 2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:60pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:11.71pt;position:var(--position)"></span><span style="left:11.71pt;position:var(--position)">+1.68<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;border-right:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:60pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">14</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:287.25pt;position:var(--position);top:60pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,647,180<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:60pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:14.71pt;position:var(--position)"></span><span style="left:14.71pt;position:var(--position)">+3.17<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:60pt;width:30pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:30pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.77pt;position:var(--position);text-decoration:none;white-space:pre">25%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:60pt;width:56.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18.96pt;position:var(--position);text-decoration:none;white-space:pre">25%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:42pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:42pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.01pt;position:var(--position);text-decoration:none;white-space:pre">EUR</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:45pt;position:var(--position);top:75pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:17.37pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">1,618,548<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:75pt;width:48.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:48.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:5.63pt;position:var(--position);text-decoration:none;white-space:pre">Feb 2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:75pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:11.71pt;position:var(--position)"></span><span style="left:11.71pt;position:var(--position)">+1.64<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;border-right:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:75pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">13</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:287.25pt;position:var(--position);top:75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,380,828<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:14.71pt;position:var(--position)"></span><span style="left:14.71pt;position:var(--position)">+2.99<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:75pt;width:30pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:30pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.77pt;position:var(--position);text-decoration:none;white-space:pre">37%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:75pt;width:56.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.13pt;position:var(--position);text-decoration:none;white-space:pre">15%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.459999999999997pt;position:var(--position);white-space:pre"> - </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.79pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90pt;width:42pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:42pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.65pt;position:var(--position);top:-2.626pt;white-space:pre">Others</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:31.29pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(7)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:45pt;position:var(--position);top:90pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:17.37pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:90pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">1,524,146<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:90pt;width:48.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:48.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.96pt;position:var(--position);text-decoration:none;white-space:pre">May 2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:90pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:11.71pt;position:var(--position)"></span><span style="left:11.71pt;position:var(--position)">+2.21<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;border-right:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:90pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.12pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:287.25pt;position:var(--position);top:90pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">1,910,983<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:90pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:14.71pt;position:var(--position)"></span><span style="left:14.71pt;position:var(--position)">+4.34<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:90pt;width:30pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:30pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.77pt;position:var(--position);text-decoration:none;white-space:pre">25%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:90pt;width:56.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18.96pt;position:var(--position);text-decoration:none;white-space:pre">25%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105pt;width:42pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:42pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.46pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:45pt;position:var(--position);top:105pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.87pt;position:var(--position);text-decoration:none;white-space:pre">16</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:87.75pt;position:var(--position);top:105pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">8,717,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:105pt;width:48.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:48.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.46pt;position:var(--position);text-decoration:none;white-space:pre">Jan 2029</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);top:105pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:11.71pt;position:var(--position)"></span><span style="left:11.71pt;position:var(--position)">+1.79<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;border-right:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:105pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.12pt;position:var(--position);text-decoration:none;white-space:pre">111</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:287.25pt;position:var(--position);top:105pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:2.54pt"></span></span><span style="left:10.17pt;position:var(--position)">12,981,850<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:105pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:14.71pt;position:var(--position)"></span><span style="left:14.71pt;position:var(--position)">+3.16<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:105pt;width:30pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:30pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.77pt;position:var(--position);text-decoration:none;white-space:pre">32%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:105pt;width:56.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.13pt;position:var(--position);text-decoration:none;white-space:pre">25%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.459999999999997pt;position:var(--position);white-space:pre"> - </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:29.79pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:283.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:295pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">Represents the number of lenders with fundings advanced in each respective currency, as well as the total number of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:62.12pt">facility lenders.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">Our secured debt agreements are generally term-matched to their underlying collateral. Therefore, the weighted-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:329.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">average maturity is generally allocated based on the maximum maturity date of the collateral loans, assuming all</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:341pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">extension options are exercised by the borrower. In limited instances, the maturity date of the respective secured</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:352.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:85.98pt">credit facility is used.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:364pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">The spread, all-in cost, and all-in yield are expressed over the relevant floating benchmark rates, which include</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:375.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:278.92pt">SOFR, SONIA, EURIBOR, CORRA, and other indices as applicable.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:387pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(4)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">In addition to spread, the cost includes the associated deferred fees and expenses related to the respective</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:398.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">borrowings. In addition to cash coupon, all-in yield includes the amortization of deferred origination and extension</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:410pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">fees, loan origination costs, and purchase discounts, as well as the accrual of exit fees. All-in yield excludes loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:421.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:398.68pt">accounted for under the cost-recovery and nonaccrual methods, if any, and owned real estate assets.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:484.18pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:433pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(5)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:210.52pt">Represents the weighted-average all-in cost as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:296.02pt;position:var(--position);text-decoration:none;white-space:pre;width:59.3pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:355.32pt;position:var(--position);text-decoration:none;white-space:pre;width:198.13pt"> and is not necessarily indicative of the spread</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:444.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:165.92pt">applicable to recent or future borrowings.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:456pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(6)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">Represents the principal balance of the collateral loan assets and the carrying value of the collateral owned real</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:467.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.02pt">estate assets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:479pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(7)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:306.04pt">Includes Australian Dollar, Canadian Dollar, and Swedish Krona currencies.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:315.09pt;position:var(--position);text-decoration:none;white-space:pre;width:6.1pt">T</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:321.19pt;position:var(--position);text-decoration:none;white-space:pre;width:232.16pt">he following tables detail our securitized debt obligations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:298.24pt">and the underlying collateral assets that are financed by our CLOs and the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:356.74pt;position:var(--position);text-decoration:none;white-space:pre;width:119.28pt">European Loan Securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:476.02pt;position:var(--position);text-decoration:none;white-space:pre;width:69.68pt"> ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:545.7pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:129pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:204pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:27pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:204pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="10" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);width:291pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:291pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:122.28pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:204pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Securitized Debt Obligations</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:12.75pt;width:27pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.84pt;position:var(--position);text-decoration:none;white-space:pre">Count</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.86pt;position:var(--position);text-decoration:none;white-space:pre">Principal</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.08pt;position:var(--position);text-decoration:none;white-space:pre"> Balance</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.74pt;position:var(--position);white-space:pre">Book</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.6pt;position:var(--position);white-space:pre">Value</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:36.58pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.19pt;position:var(--position);white-space:pre">Wtd. Avg.</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.61pt;position:var(--position);white-space:pre"> Yield/Cost</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:45.57pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:71.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.05pt;position:var(--position);white-space:pre">Term</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:42.14pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CLOs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">2026 FL6 Collateralized Loan Obligation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:63.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:63.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">880,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:63.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">872,474<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:63.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.84<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:63.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.93pt;position:var(--position);text-decoration:none;white-space:pre">August 2043</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:78.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.5pt;position:var(--position);text-decoration:none;white-space:pre">19</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:78.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">998,448<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:78.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">998,448<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:78.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.04<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:78.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.01pt;position:var(--position);text-decoration:none;white-space:pre">September 2029</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">2025 FL5 Collateralized Loan Obligation</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:108.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:108.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">831,250<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:108.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">823,296<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:108.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.15<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:108.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.28pt;position:var(--position);text-decoration:none;white-space:pre">October 2042</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:123.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.5pt;position:var(--position);text-decoration:none;white-space:pre">19</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:123.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">997,984<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:123.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">997,984<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:123.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.44<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:123.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.33pt;position:var(--position);text-decoration:none;white-space:pre">February 2029</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">2021 FL4 Collateralized Loan Obligation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:138.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:138.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:138.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:138.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:138.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:153.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:153.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:153.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">421,346<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:153.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">421,346<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:153.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.83<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:153.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.21pt;position:var(--position);text-decoration:none;white-space:pre">May 2038</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:168.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:168.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.5pt;position:var(--position);text-decoration:none;white-space:pre">13</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:168.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">551,661<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:168.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">551,661<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:168.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 4.17<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:168.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.04pt;position:var(--position);text-decoration:none;white-space:pre">July 2027</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:183.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">2020 FL2 Collateralized Loan Obligation</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:198.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:198.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:198.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">428,673<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:198.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">428,673<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:198.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.93<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:198.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.33pt;position:var(--position);text-decoration:none;white-space:pre">February 2038</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:213.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:213.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">9</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:213.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">595,239<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:213.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">595,239<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:213.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.04<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:213.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.33pt;position:var(--position);text-decoration:none;white-space:pre">February 2027</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:228.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);white-space:pre">Total CLOs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:243.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:243.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:243.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,561,269<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:243.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,545,789<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:243.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.95<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:258.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:258.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.5pt;position:var(--position);text-decoration:none;white-space:pre">60</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:258.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">3,143,332<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:258.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">3,143,332<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:258.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.35<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:273.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">European Loan Securitization</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:288.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Financing Provided</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:288.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:288.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">189,541<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:288.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">187,175<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:288.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.71<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:288.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.04pt;position:var(--position);text-decoration:none;white-space:pre">July 2030</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:303.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:204pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);top:-2.626pt;white-space:pre">Underlying Collateral Assets</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:126.6pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(4)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:303.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:303.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">244,367<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:303.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">241,995<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:303.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.97<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:303.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.04pt;position:var(--position);text-decoration:none;white-space:pre">July 2030</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:318.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:1.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:333.75pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.13pt;position:var(--position);white-space:pre">Senior CLO Securities Outstanding / </span></div><div style="line-height:10pt;position:var(--position);top:17.776pt;width:204pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:25.13pt;position:var(--position);top:-2.626pt;white-space:pre">Financing Provided</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:103.67999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(5)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:333.75pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11pt;position:var(--position);text-decoration:none;white-space:pre">5</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:333.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,750,810<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:333.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,732,964<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:333.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.93<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:360pt;width:204pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.13pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:360pt;width:27pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:27pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.5pt;position:var(--position);text-decoration:none;white-space:pre">61</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:360pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">3,387,699<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:360pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">3,385,327<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:360pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.35<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:509pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:517pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:347.88pt">The book value of underlying collateral assets excludes any applicable CECL reserves.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">In addition to cash coupon, all-in yield includes the amortization of deferred origination and extension fees, loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:540pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">origination costs, purchase discounts, and accrual of exit fees, while all-in cost includes the amortization of deferred</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:551.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:147.48pt">origination fees and financing costs.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:232.98pt;position:var(--position);text-decoration:none;white-space:pre;width:3.23pt"> </span><span style="-sec-ix-hidden:f-1380"><span style="-sec-ix-hidden:f-1381"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:236.21pt;position:var(--position);text-decoration:none;white-space:pre;width:317.23pt">The weighted-average all-in yield and cost are expressed as a spread over the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:563pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:396.56pt">relevant floating benchmark rates, which is SOFR for the CLOs and EURIBOR for the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.06pt;position:var(--position);text-decoration:none;white-space:pre;width:6.28pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:488.34pt;position:var(--position);text-decoration:none;white-space:pre;width:65.1pt">European Loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:574.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:55.46pt">Securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.96pt;position:var(--position);text-decoration:none;white-space:pre;width:6.14pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.1pt;position:var(--position);text-decoration:none;white-space:pre;width:406.31pt">All-in yield excludes loans accounted for under the cost-recovery and nonaccrual methods, if any,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:586pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">owned real estate assets, and cash from repayment proceeds held in certain of our CLOs that may be used to add</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:117.02pt">new eligible collateral assets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:609pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">Underlying collateral assets term represents the weighted-average final maturity of such loans, assuming all</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:620.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">extension options are exercised by the borrower, and excludes owned real estate assets. Repayments of securitized</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:632pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">debt obligations are tied to timing of the related collateral loan asset repayments. The term of these obligations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:643.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:254.37pt">represents the rated final distribution date of the securitizations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:655pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(4)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:75.26pt">We financed our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:160.76pt;position:var(--position);text-decoration:none;white-space:pre;width:55.91pt">$55.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:216.67pt;position:var(--position);text-decoration:none;white-space:pre;width:336.8pt"> retained interests in the securitization under a repurchase agreement structured</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:666.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">without capital markets-based mark-to-market provisions. The amount of the financing is included in other liabilities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:678pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:141.22pt">on our consolidated balance sheets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:689.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(5)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:46.02pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:131.52pt;position:var(--position);text-decoration:none;white-space:pre;width:110.34pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.75pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.61pt;position:var(--position);text-decoration:none;white-space:pre;width:56.32pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:300.93pt;position:var(--position);text-decoration:none;white-space:pre;width:57.35pt">, we recorded </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:358.28pt;position:var(--position);text-decoration:none;white-space:pre;width:54.1pt">$40.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:412.38pt;position:var(--position);text-decoration:none;white-space:pre;width:19.93pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:432.31pt;position:var(--position);text-decoration:none;white-space:pre;width:54.1pt">$74.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:486.41pt;position:var(--position);text-decoration:none;white-space:pre;width:67.08pt">, respectively, of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:701pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:234.68pt">interest expense related to our securitized debt obligations.</span></div><div style="position:var(--position);top:54pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:201.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:29.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="10" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:201.75pt;position:var(--position);width:293.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:114.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Securitized Debt Obligations</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:12.75pt;width:29.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.97pt;position:var(--position);text-decoration:none;white-space:pre">Count</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.86pt;position:var(--position);text-decoration:none;white-space:pre">Principal</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.08pt;position:var(--position);text-decoration:none;white-space:pre"> Balance</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.72pt;position:var(--position);white-space:pre">Book Value</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:46.47pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.19pt;position:var(--position);white-space:pre">Wtd. Avg.</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.58pt;position:var(--position);white-space:pre"> Yield/Cost</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:42.54pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)(3)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:71.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.05pt;position:var(--position);white-space:pre">Term</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:42.14pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(4)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CLOs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">2025 FL5 Collateralized Loan Obligation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:64.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.12pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:64.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">831,250<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:64.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">822,243<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:64.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.15<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:64.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.28pt;position:var(--position);text-decoration:none;white-space:pre">October 2042</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:79.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:79.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">18</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:79.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">944,537<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:79.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">944,537<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:79.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.49<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:79.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.28pt;position:var(--position);text-decoration:none;white-space:pre">October 2028</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2021 FL4 Collateralized Loan Obligation</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:109.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.12pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:109.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">605,613<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:109.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">605,613<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:109.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.45<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:109.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.21pt;position:var(--position);text-decoration:none;white-space:pre">May 2038</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:124.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:124.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">16</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:124.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">736,360<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:124.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">736,360<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:124.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.18<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:124.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.33pt;position:var(--position);text-decoration:none;white-space:pre">February 2027</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:139.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2020 FL2 Collateralized Loan Obligation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:154.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.12pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:154.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">519,967<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:154.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">519,967<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:154.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.82<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:154.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:6.33pt;position:var(--position);text-decoration:none;white-space:pre">February 2038</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:169.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:169.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">11</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:169.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">691,964<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:169.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">691,964<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:169.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.84<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:169.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.83pt;position:var(--position);text-decoration:none;white-space:pre">January 2027</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:184.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Total CLOs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:199.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);white-space:pre">Senior CLO Securities Outstanding</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:199.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.12pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:199.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">1,956,830<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:199.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">1,947,823<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:199.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.84<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:214.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:214.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">45</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:214.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,372,861<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:214.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,372,861<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:214.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.22<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:229.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">European Loan Securitization</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:244.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Financing Provided</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:244.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.12pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:244.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">192,666<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:244.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">191,896<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:244.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.53<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:244.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.04pt;position:var(--position);text-decoration:none;white-space:pre">July 2030</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:259.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:201.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);top:-2.626pt;white-space:pre">Underlying Collateral Assets</span><span style="font-family:'Times New Roman', serif;font-size:4.5825000000000005pt;font-style:normal;font-weight:normal;left:126.6pt;position:var(--position);top:-4.276pt;vertical-align:super;white-space:pre">(5)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:259.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.12pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:259.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">249,160<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:259.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">246,421<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:259.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.97<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:259.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.04pt;position:var(--position);text-decoration:none;white-space:pre">July 2030</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:274.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:1.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:289.5pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.13pt;position:var(--position);white-space:pre">Senior CLO Securities Outstanding / </span></div><div style="line-height:10pt;position:var(--position);top:17.776pt;width:201.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:25.13pt;position:var(--position);top:-2.626pt;white-space:pre">Financing Provided</span><span style="font-family:'Times New Roman', serif;font-size:4.5825000000000005pt;font-style:normal;font-weight:normal;left:103.67999999999999pt;position:var(--position);top:-4.276pt;vertical-align:super;white-space:pre">(6)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:289.5pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:289.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,149,496<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:289.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,139,719<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:289.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 1.82<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:315.75pt;width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.13pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Collateral Assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:315.75pt;width:29.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:29.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.62pt;position:var(--position);text-decoration:none;white-space:pre">46</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:315.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,622,021<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:299.25pt;position:var(--position);top:315.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.54pt"></span></span><span style="left:15.169999999999998pt;position:var(--position)">2,619,282<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:315.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.22<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:389.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:399.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:347.88pt">The book value of underlying collateral assets excludes any applicable CECL reserves.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:410.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">In addition to cash coupon, all-in yield includes the amortization of deferred origination and extension fees, loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:422.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:247.21pt">origination costs, purchase discounts, and accrual of exit fees.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:433.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="-sec-ix-hidden:f-1433"><span style="-sec-ix-hidden:f-1434"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">The weighted-average all-in yield and cost are expressed as a spread over the relevant floating benchmark rates,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:445.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:222.67pt">which is SOFR for the CLOs and EURIBOR for the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.16999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:4.08pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:312.25pt;position:var(--position);text-decoration:none;white-space:pre;width:122.44pt">European Loan Securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.69pt;position:var(--position);text-decoration:none;white-space:pre;width:6.58pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:441.27pt;position:var(--position);text-decoration:none;white-space:pre;width:112.11pt">All-in yield excludes loans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:456.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">accounted for under the cost-recovery and nonaccrual methods, if any, owned real estate assets, and cash from</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:468.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:409.47pt">repayment proceeds held in certain of our CLOs that may be used to add new eligible collateral assets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:479.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(4)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">Underlying collateral assets term represents the weighted-average final maturity of such loans, assuming all</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:491.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">extension options are exercised by the borrower. Repayments of securitized debt obligations are tied to timing of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:502.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">related collateral loan asset repayments. The term of these obligations represents the rated final distribution date of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:514.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:74.88pt">the securitizations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:525.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(5)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:75.26pt">We financed our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:160.76pt;position:var(--position);text-decoration:none;white-space:pre;width:55.91pt">$55.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:216.67pt;position:var(--position);text-decoration:none;white-space:pre;width:336.8pt"> retained interests in the securitization under a repurchase agreement structured</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:537.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">without capital markets-based mark-to-market provisions. The amount of the financing is included in other liabilities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:548.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:141.22pt">on our consolidated balance sheets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:560.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(6)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:45.92pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:131.42000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:43.75pt">year ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:175.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:2.7pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:177.87pt;position:var(--position);text-decoration:none;white-space:pre;width:78.94pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:256.81pt;position:var(--position);text-decoration:none;white-space:pre;width:57.2pt">, we recorded </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:314.01pt;position:var(--position);text-decoration:none;white-space:pre;width:59.05pt">$140.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.06pt;position:var(--position);text-decoration:none;white-space:pre;width:180.31pt"> of interest expense related to our securitized</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:571.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:66.6pt">debt obligations.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:268.85pt">The following tables detail our asset-specific debt ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:327.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="position:var(--position);top:96.8pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:141pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:141pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="10" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);width:354pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:354pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:153.78pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:141pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Asset-Specific Debt</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.97pt;position:var(--position);text-decoration:none;white-space:pre">Count</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.86pt;position:var(--position);text-decoration:none;white-space:pre">Principal</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.08pt;position:var(--position);text-decoration:none;white-space:pre"> Balance</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:282.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.72pt;position:var(--position);white-space:pre">Book Value</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:49.47pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.19pt;position:var(--position);white-space:pre">Wtd. Avg.</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.61pt;position:var(--position);white-space:pre">Yield/Cost</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:47.57pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:12.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.69pt;position:var(--position);white-space:pre">Wtd. Avg.</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:74.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.55pt;position:var(--position);white-space:pre"> Term</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:44.64pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:141pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financing provided</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:34.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:34.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">972,635<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:282.75pt;position:var(--position);top:34.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">971,305<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:34.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.21pt;position:var(--position)"></span><span style="left:27.21pt;position:var(--position)">+ 2.73<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:34.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.83pt;position:var(--position);text-decoration:none;white-space:pre">February 2030</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:141pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Collateral assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:49.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:49.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,209,740<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:282.75pt;position:var(--position);top:49.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,202,445<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:49.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.21pt;position:var(--position)"></span><span style="left:27.21pt;position:var(--position)">+ 4.10<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:49.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.83pt;position:var(--position);text-decoration:none;white-space:pre">February 2030</span></div></div></div></td></tr><tr style="height:6.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:141pt"><div><div style="line-height:1pt;position:var(--position);top:3.75pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:1pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="10" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:141pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="10" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:71.25pt;width:354pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:354pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:144.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:84pt;width:141pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Asset-Specific Debt</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:84pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.97pt;position:var(--position);text-decoration:none;white-space:pre">Count</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:84pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.86pt;position:var(--position);text-decoration:none;white-space:pre">Principal</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.08pt;position:var(--position);text-decoration:none;white-space:pre"> Balance</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:282.75pt;position:var(--position);top:84pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.72pt;position:var(--position);white-space:pre">Book Value</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:49.47pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:84pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.19pt;position:var(--position);white-space:pre">Wtd. Avg.</span></div><div style="line-height:8pt;position:var(--position);top:12.94pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.61pt;position:var(--position);white-space:pre"> Yield/Cost</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:48.57pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:84pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.69pt;position:var(--position);white-space:pre">Wtd. Avg.</span></div><div style="line-height:8pt;position:var(--position);top:12.94pt;width:74.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.55pt;position:var(--position);white-space:pre"> Term</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:44.64pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:141pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financing provided</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:105.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:105.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">999,810<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:282.75pt;position:var(--position);top:105.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">997,746<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:105.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.21pt;position:var(--position)"></span><span style="left:27.21pt;position:var(--position)">+ 2.66<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:105.75pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.83pt;position:var(--position);text-decoration:none;white-space:pre">February 2030</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:141pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:141pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Collateral assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:144.75pt;position:var(--position);top:120.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:213.75pt;position:var(--position);top:120.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,243,500<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:282.75pt;position:var(--position);top:120.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,234,205<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:120.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.21pt;position:var(--position)"></span><span style="left:27.21pt;position:var(--position)">+ 4.02<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:120.75pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.83pt;position:var(--position);text-decoration:none;white-space:pre">February 2030</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:237.55pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:249.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:347.88pt">The book value of underlying collateral assets excludes any applicable CECL reserves.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:260.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="-sec-ix-hidden:f-1453"><span style="-sec-ix-hidden:f-1454"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">The weighted-average all-in yield and cost are expressed as a spread over the relevant floating benchmark rates,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:272.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:202.48pt">which include SOFR and CORRA, as applicable.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:287.98pt;position:var(--position);text-decoration:none;white-space:pre;width:265.37pt"> These floating rate loans and related liabilities are currency and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:283.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">index-matched to the applicable benchmark rate relevant in each arrangement. In addition to cash coupon, yield/cost</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:295.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:294.63pt">includes the amortization of deferred origination fees and financing costs.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">The weighted-average term is determined based on the maximum maturity of the corresponding loans, assuming all</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">extension options are exercised by the borrower. Our non-recourse, asset-specific debt is term-matched in each case</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:329.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:147.87pt">to the corresponding collateral loans.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">The following table details the net book value of each of our senior term loan facilities, or Term Loans, on our consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:433.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:127.08pt">balance sheets ($ in thousands):</span></div><div style="position:var(--position);top:445.15pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:123pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:90pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);width:151.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:56.77pt;position:var(--position);text-decoration:none;white-space:pre">Face Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:123pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Term Loans</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);top:12.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.91pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:12.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.81pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.29pt;position:var(--position);white-space:pre">Interest Rate</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:48.9pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:59.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.03pt;position:var(--position);white-space:pre">All-in Cost</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:42.1pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)(2)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:12.75pt;width:90pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.46pt;position:var(--position);text-decoration:none;white-space:pre">Maturity</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:123pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">B-6 Term Loan</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);top:25.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:57.54pt"></span></span><span style="left:60.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:25.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.04pt"></span></span><span style="left:37.67pt;position:var(--position)">695,754<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:25.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.00<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:25.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.61<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:25.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.83pt;position:var(--position);text-decoration:none;white-space:pre">December 10, 2030</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:123pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">B-7 Term Loan</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);top:40.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.04pt"></span></span><span style="left:37.67pt;position:var(--position)">449,706<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:40.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.04pt"></span></span><span style="left:37.67pt;position:var(--position)">451,972<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:40.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.50<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:40.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 3.11<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:40.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36.55pt;position:var(--position);text-decoration:none;white-space:pre">May 9, 2029</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:123pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">B-8 Term Loan</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);top:55.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.04pt"></span></span><span style="left:37.67pt;position:var(--position)">696,500<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:55.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.04pt"></span></span><span style="left:37.67pt;position:var(--position)">700,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:55.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.50<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:55.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.95<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:55.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.83pt;position:var(--position);text-decoration:none;white-space:pre">December 19, 2032</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">B-9 Term Loan</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);top:70.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.04pt"></span></span><span style="left:37.67pt;position:var(--position)">768,827<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:70.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:57.54pt"></span></span><span style="left:60.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:70.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.50<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:70.5pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:59.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:21.21pt;position:var(--position)"></span><span style="left:21.21pt;position:var(--position)">+ 2.95<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:50.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:70.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.83pt;position:var(--position);text-decoration:none;white-space:pre">December 10, 2030</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Total face value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);top:85.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">1,915,033<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:85.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">1,847,726<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deferred financing costs and </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.63pt;position:var(--position);text-decoration:none;white-space:pre">unamortized discounts</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);top:100.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.46pt;position:var(--position);text-decoration:none;white-space:pre">(36,471)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:100.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.46pt;position:var(--position);text-decoration:none;white-space:pre">(39,726)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126.75pt;width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Net book value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:126pt;position:var(--position);top:126.75pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">1,878,562<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:126.75pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">1,808,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:591.9pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:5.25pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:604.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:417.12pt">The B-7 Term Loan and B-9 Term Loan borrowings are subject to a benchmark interest rate floor of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:502.62pt;position:var(--position);text-decoration:none;white-space:pre;width:3.42pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:506.04pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">0.50%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:531.87pt;position:var(--position);text-decoration:none;white-space:pre;width:5.92pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:537.79pt;position:var(--position);text-decoration:none;white-space:pre;width:15.53pt">The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:615.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:180.11pt">Term loans are indexed to one-month SOFR.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:627.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">Includes issue discount and transaction expenses that are amortized through interest expense over the life of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:638.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:94.58pt">applicable Term Loans.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:365.11pt">The following table details our interest expense related to the Term Loans ($ in thousands):</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:77.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:243pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:243pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.62pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:243pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash coupon</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">29,825<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">34,096<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">59,506<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">68,144<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Discount and issuance cost amortization</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">2,023<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,886<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">4,472<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">4,068<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total interest expense</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">31,848<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">35,982<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">63,978<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">72,212<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">The following table details the net book value of our Senior Secured Notes on our consolidated balance sheets ($ in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:281.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:46.08pt">thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.58pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:293.4pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:138.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:81.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:43.27pt;position:var(--position);text-decoration:none;white-space:pre">Face Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:138.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:138.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Senior Secured Notes Issuance</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.06pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:269.25pt;position:var(--position);top:12.75pt;width:45pt"><div><div style="line-height:8pt;position:var(--position);top:5.12pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.18pt;position:var(--position);text-decoration:none;white-space:pre">Interest </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.51pt;position:var(--position);text-decoration:none;white-space:pre">Rate</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:317.25pt;position:var(--position);top:12.75pt;width:45pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:45pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.96pt;position:var(--position);white-space:pre">Swapped </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:45pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.48pt;position:var(--position);white-space:pre">Rate</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:27.46pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:12.75pt;width:45pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:45pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.73pt;position:var(--position);white-space:pre">All-in </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:45pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.7pt;position:var(--position);white-space:pre">Cost</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:27.24pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:413.25pt;position:var(--position);top:12.75pt;width:81.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.33pt;position:var(--position);text-decoration:none;white-space:pre">Maturity</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:138.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:138.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">October 2021</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:34.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">335,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:34.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">335,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:269.25pt;position:var(--position);top:34.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:15.09pt;position:var(--position)"></span><span style="left:15.09pt;position:var(--position)">3.75<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:35.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:317.25pt;position:var(--position);top:34.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:17.34pt;position:var(--position);text-decoration:none;white-space:pre">n/a</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:34.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:15.09pt;position:var(--position)"></span><span style="left:15.09pt;position:var(--position)">4.06<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:35.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:413.25pt;position:var(--position);top:34.5pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.54pt;position:var(--position);text-decoration:none;white-space:pre">January 15, 2027</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:138.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:138.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">December 2024</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:49.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">450,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:49.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">450,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:269.25pt;position:var(--position);top:49.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:15.09pt;position:var(--position)"></span><span style="left:15.09pt;position:var(--position)">7.75<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:35.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:317.25pt;position:var(--position);top:49.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:6.96pt;position:var(--position)"></span><span style="left:6.96pt;position:var(--position)">+ 3.95<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:35.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:49.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:15.09pt;position:var(--position)"></span><span style="left:15.09pt;position:var(--position)">8.14<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:35.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:413.25pt;position:var(--position);top:49.5pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:5.58pt;position:var(--position);text-decoration:none;white-space:pre">December 1, 2029</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:138.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:138.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">May 2026</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:64.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">450,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:64.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:269.25pt;position:var(--position);top:64.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:15.09pt;position:var(--position)"></span><span style="left:15.09pt;position:var(--position)">6.25<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:35.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:317.25pt;position:var(--position);top:64.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:6.96pt;position:var(--position)"></span><span style="left:6.96pt;position:var(--position)">+ 2.50<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:35.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:64.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:15.09pt;position:var(--position)"></span><span style="left:15.09pt;position:var(--position)">6.68<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:35.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:413.25pt;position:var(--position);top:64.5pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.3pt;position:var(--position);text-decoration:none;white-space:pre">June 1, 2031</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:79.5pt;width:138.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:138.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Total face value</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:79.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">1,235,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:79.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">785,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:138.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:138.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deferred financing costs and </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:138.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.63pt;position:var(--position);text-decoration:none;white-space:pre">unamortized discounts</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:94.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.96pt;position:var(--position);text-decoration:none;white-space:pre">(13,111)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:94.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.96pt;position:var(--position);text-decoration:none;white-space:pre">(7,280)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:138.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:138.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Hedging adjustments</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:87.27pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:120.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.96pt;position:var(--position);text-decoration:none;white-space:pre">(4,706)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:120.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">6,840</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135.75pt;width:138.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:138.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Net book value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141.75pt;position:var(--position);top:135.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">1,217,499<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:135.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">784,876<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:449.15pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">For certain of the Senior Secured Notes, we have entered into interest rate swaps that effectively convert our fixed</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:470.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:435.32pt">rate exposure to floating rate exposure. The interest rate swaps are indexed to one-month SOFR. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:520.8199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:32.67pt">Note 13</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:482.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:87.99pt">for further discussion.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:493.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:461.37pt">Includes transaction expenses that are amortized through interest expense over the life of the Senior Secured Notes.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:505.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">Represents the aggregate fair value of interest rate swaps that we entered into to convert the fixed rate exposure of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:516.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:38.89pt">both the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.39pt;position:var(--position);text-decoration:none;white-space:pre;width:65.5pt">December 2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.89pt;position:var(--position);text-decoration:none;white-space:pre;width:23.35pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:213.24pt;position:var(--position);text-decoration:none;white-space:pre;width:42.78pt">May 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:256.02pt;position:var(--position);text-decoration:none;white-space:pre;width:215.74pt"> Senior Secured Notes into floating rate. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.76pt;position:var(--position);text-decoration:none;white-space:pre;width:33.88pt">Note 13</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:505.64pt;position:var(--position);text-decoration:none;white-space:pre;width:47.77pt"> for further</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:44.14pt">discussion.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:403.14pt">The following table details our interest expense related to the Senior Secured Notes ($ in thousands):</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:575.15pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:242.25pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:242.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);width:125.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:242.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash coupon</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">15,222<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">11,862<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">27,084<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">23,725<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Discount and issuance cost amortization</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">818<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">651<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,459<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,349<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Total interest expense</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">16,040<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">12,513<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">28,543<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">25,074<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 8717351000 10125839000 8407000 8547000 8708944000 10117292000 16 14 3668157000 0.0174 78 6042859000 0.0276 0.36 0.25 1 6 1906500000 0.0168 14 2647180000 0.0317 0.25 0.25 6 1618548000 0.0164 13 2380828000 0.0299 0.37 0.15 1 4 1524146000 0.0221 6 1910983000 0.0434 0.25 0.25 16 8717351000 0.0179 111 12981850000 0.0316 0.32 0.25 1 807500000 1.3 2800000000 0.75 0.85 10000000.0 0.05 0.8333 1 880000000 872474000 0.0184 19 998448000 998448000 0.0304 1 831250000 823296000 0.0215 19 997984000 997984000 0.0344 1 421346000 421346000 0.0183 13 551661000 551661000 0.0417 1 428673000 428673000 0.0193 9 595239000 595239000 0.0304 4 2561269000 2545789000 0.0195 60 3143332000 3143332000 0.0335 1 189541000 187175000 0.0171 1 244367000 241995000 0.0297 5 2750810000 2732964000 0.0193 61 3387699000 3385327000 0.0335 55800000 40100000 74800000 1 831250000 822243000 0.0215 18 944537000 944537000 0.0349 1 605613000 605613000 0.0145 16 736360000 736360000 0.0318 1 519967000 519967000 0.0182 11 691964000 691964000 0.0284 3 1956830000 1947823000 0.0184 45 2372861000 2372861000 0.0322 1 192666000 191896000 0.0153 1 249160000 246421000 0.0297 4 2149496000 2139719000 0.0182 46 2622021000 2619282000 0.0322 55800000 140000000.0 4 972635000 971305000 0.0273 4 1209740000 1202445000 0.0410 4 999810000 997746000 0.0266 4 1243500000 1234205000 0.0402 770800000 695800000 0 695754000 0.0300 0.0361 449706000 451972000 0.0250 0.0311 696500000 700000000 0.0250 0.0295 768827000 0 0.0250 0.0295 1915033000 1847726000 36471000 39726000 1878562000 1808000000 0.0050 0.0050 0.010 29825000 34096000 59506000 68144000 2023000 1886000 4472000 4068000 31848000 35982000 63978000 72212000 0.8333 0.8333 450000000.0 335316000 335316000 0.0375 0.0406 450000000 450000000 0.0775 0.0395 0.0814 450000000 0 0.0625 0.0250 0.0668 1235316000 785316000 13111000 7280000 -4706000 6840000 1217499000 784876000 15222000 11862000 27084000 23725000 818000 651000 1459000 1349000 16040000 12513000 28543000 25074000 0.8333 0.8333 1.20 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">The following table details the net book value of our convertible senior notes, or Convertible Notes, on our consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:127.08pt">balance sheets ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:185.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:112pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:129.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:39.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:39.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);width:153pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:153pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:57.52pt;position:var(--position);text-decoration:none;white-space:pre">Face Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:129.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Convertible Notes</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:12.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.28pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:12.75pt;width:75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.19pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:12.75pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.12pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.56pt;position:var(--position);text-decoration:none;white-space:pre">Interest </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.88pt;position:var(--position);text-decoration:none;white-space:pre">Rate </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:12.75pt;width:39.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.12pt;width:39.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.11pt;position:var(--position);white-space:pre">All-in </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:39.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.07pt;position:var(--position);white-space:pre">Cost</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:24.61pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:12.75pt;width:45pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:45pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.96pt;position:var(--position);white-space:pre">Conversion </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:45pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.59pt;position:var(--position);white-space:pre">Price</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:28.34pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:12.75pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.33pt;position:var(--position);text-decoration:none;white-space:pre">Maturity</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:129.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.62pt;position:var(--position);text-decoration:none;white-space:pre">Face value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:34.5pt;width:75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:38.42pt;position:var(--position)">266,157<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:34.5pt;width:75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:38.42pt;position:var(--position)">266,157<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:34.5pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.9pt;position:var(--position);text-decoration:none;white-space:pre">5.50%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:34.5pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.9pt;position:var(--position);text-decoration:none;white-space:pre">5.79%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:34.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.69pt;position:var(--position);text-decoration:none;white-space:pre">$36.27</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:34.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.08pt;position:var(--position);text-decoration:none;white-space:pre">March 15, 2027</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:129.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.62pt;position:var(--position);text-decoration:none;white-space:pre">Deferred financing costs and </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">unamortized discount</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:49.5pt;width:75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.71pt;position:var(--position);text-decoration:none;white-space:pre">(847)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:49.5pt;width:75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.21pt;position:var(--position);text-decoration:none;white-space:pre">(1,412)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:129.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Net book value</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:75.75pt;width:75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:38.42pt;position:var(--position)">265,310<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:75.75pt;width:75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:38.42pt;position:var(--position)">264,745<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:207.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:219.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">Includes issuance costs that are amortized through interest expense over the life of the Convertible Notes using the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:230.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:101.78pt">effective interest method.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:187.28pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:242.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:355.09pt">Represents the price of class A common stock per share based on a conversion rate of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.59pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">27.5702</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.09pt;position:var(--position);text-decoration:none;white-space:pre;width:80.38pt"> for the Convertible</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:253.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:401.92pt">Notes. The conversion rate represents the number of shares of class A common stock issuable per </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:487.42pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">$1,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:514.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:38.58pt"> principal</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:265.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:279.15pt">amount of Convertible Notes. The cumulative dividend threshold has </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:364.65pt;position:var(--position);text-decoration:none;white-space:pre;width:12.77pt">not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:377.42pt;position:var(--position);text-decoration:none;white-space:pre;width:85.16pt"> been exceeded as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:462.58pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:518.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:520.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:221.91pt">The following table details our interest expense related </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:280.40999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:167.62pt">to the Convertible Notes ($ in thousands):</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:405.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:242.25pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:242.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);width:125.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:242.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash coupon</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,660<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,660<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,319<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,319<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Discount and issuance cost amortization</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">282<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">282<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">565<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">565<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Total interest expense</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,942<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,942<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,884<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,884<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 266157000 266157000 0.0550 0.0579 36.27 847000 1412000 265310000 264745000 16.95 3660000 3660000 7319000 7319000 282000 282000 565000 565000 3942000 3942000 7884000 7884000 4300000 4300000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:none;white-space:pre">DERIVATIVE FINANCIAL INSTRUMENTS</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:551.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">The objective of our use of derivative financial instruments is to minimize the risks and/or costs associated with our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:562.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">investments and/or financing transactions. These derivatives may or may not qualify as net investment, cash flow, or fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:574.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">value hedges under the hedge accounting requirements of the ASC Topic 815, “Derivatives and Hedging.” Derivatives not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:585.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">designated as hedges are not speculative and are used to manage our exposure to interest rate movements and other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:99.6pt">identified risks. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:158.1pt;position:var(--position);text-decoration:none;white-space:pre;width:26.92pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:185.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:332.46pt"> for further discussion of the accounting for designated and non-designated hedges.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:517.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:620.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">The use of derivative financial instruments involves certain risks, including the risk that the counterparties to these</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:632.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">contractual arrangements do not perform as agreed. To mitigate this risk, we only enter into derivative financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:643.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">instruments with counterparties that have appropriate credit ratings and are major financial institutions with which we and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:655.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:207.21pt">our affiliates also have other financial relationships.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:265.71000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Net Investment Hedges of Foreign Currency Risk</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">Certain of our international investments expose us to fluctuations in foreign interest rates and currency exchange rates.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">These fluctuations may impact the value of our cash receipts and payments in terms of our functional currency, the U.S.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">dollar. We use foreign currency forward contracts to protect the value or fix the amount of certain investments or cash</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:131.28pt">flows in terms of the U.S. dollar.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:135.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Designated Hedges of Foreign Currency Risk</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:153pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">The following table details our outstanding foreign exchange derivatives that were designated as net investment hedges of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:164.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:217.58pt">foreign currency risk (notional amounts in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.08000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:176pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="position:var(--position);top:189.8pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:494.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:129pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:58.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:129pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:58.5pt"></td></tr><tr style="height:12.75pt"><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:245.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:99.41pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);width:245.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:90.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:129pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign Currency Derivatives</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:12.75pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.59pt;position:var(--position);text-decoration:none;white-space:pre">Number of</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.26pt;position:var(--position);text-decoration:none;white-space:pre"> Instruments</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:12.75pt;width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.59pt;position:var(--position);text-decoration:none;white-space:pre">Notional</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.26pt;position:var(--position);text-decoration:none;white-space:pre"> Amount</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:12.75pt;width:129pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign Currency Derivatives</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:12.75pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.59pt;position:var(--position);text-decoration:none;white-space:pre">Number of</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.26pt;position:var(--position);text-decoration:none;white-space:pre"> Instruments</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:12.75pt;width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.59pt;position:var(--position);text-decoration:none;white-space:pre">Notional</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.26pt;position:var(--position);text-decoration:none;white-space:pre"> Amount</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell SEK Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:33.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:33.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">kr <span style="display:inline-block;height:6.93pt;width:8.46pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">940,679<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:33.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell SEK Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:33.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:33.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">kr <span style="display:inline-block;height:6.93pt;width:8.46pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">970,417<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell EUR Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:48.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.12pt;position:var(--position);text-decoration:none;white-space:pre">12</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:48.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.93pt;width:14.29pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">695,360<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:48.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell GBP Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:48.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:48.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">£<span style="display:inline-block;height:6.93pt;width:14.29pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">739,956<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell GBP Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:63.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">5</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:63.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">£<span style="display:inline-block;height:6.93pt;width:14.29pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">684,764<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:63.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell EUR Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:63.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.12pt;position:var(--position);text-decoration:none;white-space:pre">10</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:63.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.93pt;width:14.29pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">689,868<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell AUD Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:78.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">9</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:78.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">A$<span style="display:inline-block;height:6.93pt;width:7.07pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">389,995<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:78.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell AUD Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:78.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">7</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:78.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">A$<span style="display:inline-block;height:6.93pt;width:7.07pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">371,141<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell CAD Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:93.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:93.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">C$<span style="display:inline-block;height:6.93pt;width:7.63pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">120,799<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:93.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell CAD Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:93.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:93.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">C$<span style="display:inline-block;height:6.93pt;width:7.63pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">120,557<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell CHF Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:108.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:108.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">CHF<span style="display:inline-block;height:6.93pt;width:22.35pt"></span></span><span style="left:44.42pt;position:var(--position)">52<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:108.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell CHF Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:108.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:108.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">CHF<span style="display:inline-block;height:6.93pt;width:22.35pt"></span></span><span style="left:44.42pt;position:var(--position)">52<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:330.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Non-designated Hedges of Foreign Currency Risk</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:347.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">The following table details our outstanding foreign exchange derivatives that were non-designated hedges of foreign</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:359.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:186.22pt">currency risk (notional amounts in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.72pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:370.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="position:var(--position);top:384.35pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:493.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:132pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:131.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:1.5pt"></td><td style="padding:0;width:56.25pt"></td></tr><tr style="height:12.75pt"><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:244.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:244.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:99.03pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:247.5pt;position:var(--position);width:246pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:246pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:90.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:132pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:132pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-designated Hedges</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:135pt;position:var(--position);top:12.75pt;width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.09pt;position:var(--position);text-decoration:none;white-space:pre">Number of</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.76pt;position:var(--position);text-decoration:none;white-space:pre"> Instruments</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:12.75pt;width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.97pt;position:var(--position);text-decoration:none;white-space:pre">Notional</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.64pt;position:var(--position);text-decoration:none;white-space:pre"> Amount</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:247.5pt;position:var(--position);top:12.75pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.55pt;position:var(--position);text-decoration:none;white-space:pre">Non-designated Hedges</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:12.75pt;width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.09pt;position:var(--position);text-decoration:none;white-space:pre">Number of</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.76pt;position:var(--position);text-decoration:none;white-space:pre"> Instruments</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:12.75pt;width:56.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.47pt;position:var(--position);text-decoration:none;white-space:pre">Notional</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.14pt;position:var(--position);text-decoration:none;white-space:pre"> Amount</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:132pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:132pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy EUR / Sell USD Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:135pt;position:var(--position);top:33.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:33.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">119,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:247.5pt;position:var(--position);top:33.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy GBP / Sell USD Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:33.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:33.75pt;width:56.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">£<span style="display:inline-block;height:6.93pt;width:17.04pt"></span></span><span style="left:24.669999999999998pt;position:var(--position)">86,800<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:132pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:132pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell EUR Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:135pt;position:var(--position);top:48.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:48.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">119,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:247.5pt;position:var(--position);top:48.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell GBP Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:48.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:48.75pt;width:56.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">£<span style="display:inline-block;height:6.93pt;width:17.04pt"></span></span><span style="left:24.669999999999998pt;position:var(--position)">86,800<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:132pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:132pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy GBP / Sell USD Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:135pt;position:var(--position);top:63.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:63.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">£<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">111,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:247.5pt;position:var(--position);top:63.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy EUR / Sell USD Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:63.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:63.75pt;width:56.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.93pt;width:17.04pt"></span></span><span style="left:24.669999999999998pt;position:var(--position)">44,700<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:132pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:132pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell GBP Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:135pt;position:var(--position);top:78.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:78.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">£<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">111,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:247.5pt;position:var(--position);top:78.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell EUR Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:78.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:78.75pt;width:56.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.93pt;width:17.04pt"></span></span><span style="left:24.669999999999998pt;position:var(--position)">44,700<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:132pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:132pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy AUD / Sell USD Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:135pt;position:var(--position);top:93.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:93.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">A$<span style="display:inline-block;height:6.93pt;width:6.82pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">15,500<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:247.5pt;position:var(--position);top:93.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy AUD / Sell USD Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:93.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:93.75pt;width:56.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">A$<span style="display:inline-block;height:6.93pt;width:9.82pt"></span></span><span style="left:24.669999999999998pt;position:var(--position)">10,200<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108pt;width:132pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:132pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell AUD Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:135pt;position:var(--position);top:108pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:108pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">A$<span style="display:inline-block;height:6.93pt;width:6.82pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">15,500<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:247.5pt;position:var(--position);top:108pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell AUD Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:108pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:108pt;width:56.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">A$<span style="display:inline-block;height:6.93pt;width:9.82pt"></span></span><span style="left:24.669999999999998pt;position:var(--position)">10,200<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:529.6pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Cash Flow Hedges of Interest Rate Risk</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:547.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">Certain of our financing transactions expose us to a fixed versus floating rate mismatch between our assets and liabilities.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:558.6pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">We use derivative financial instruments, which include interest rate swaps (and may also include interest rate caps, interest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:570.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">rate options, floors, and other interest rate derivative contracts) to hedge interest rate risk associated with our borrowings</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:581.6pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:188.09pt">where there is potential for an index mismatch.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">The following table details our outstanding interest rate derivatives that were designated as cash flow hedges of interest rate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:148.77pt">risk (notional amounts in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:150pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:72.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:95.25pt"></td></tr><tr style="height:12.75pt"><td colspan="11" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:495pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:224.28pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:150pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest Rate Derivatives</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:12.75pt;width:51.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.34pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.01pt;position:var(--position);text-decoration:none;white-space:pre">Instruments</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:12.75pt;width:72.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:72.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.73pt;position:var(--position);text-decoration:none;white-space:pre">Notional Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:285.75pt;position:var(--position);top:12.75pt;width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.09pt;position:var(--position);text-decoration:none;white-space:pre">Fixed Rate</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:12.75pt;width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.85pt;position:var(--position);text-decoration:none;white-space:pre">Index</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:12.75pt;width:95.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.43pt;position:var(--position);text-decoration:none;white-space:pre">Maturity (Years)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest Rate Swaps</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:34.5pt;width:51.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.37pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:34.5pt;width:72.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:72.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.54pt"></span></span><span style="left:41.17pt;position:var(--position)">35,600<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:285.75pt;position:var(--position);top:34.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.65pt;position:var(--position);text-decoration:none;white-space:pre">3.51%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:34.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.12pt;position:var(--position);text-decoration:none;white-space:pre">SOFR</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:34.5pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.37pt;position:var(--position);text-decoration:none;white-space:pre">4.5</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:149.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:150pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:72.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:95.25pt"></td></tr><tr style="height:12.75pt"><td colspan="11" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:495pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:215.19pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:150pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest Rate Derivatives</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:12.75pt;width:51.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.34pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.01pt;position:var(--position);text-decoration:none;white-space:pre">Instruments</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:12.75pt;width:72.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:72.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.73pt;position:var(--position);text-decoration:none;white-space:pre">Notional Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:285.75pt;position:var(--position);top:12.75pt;width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.09pt;position:var(--position);white-space:pre">Fixed Rate</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:12.75pt;width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.85pt;position:var(--position);text-decoration:none;white-space:pre">Index</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:12.75pt;width:95.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.43pt;position:var(--position);text-decoration:none;white-space:pre">Maturity (Years)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:150pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Interest Rate Swaps</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:34.5pt;width:51.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.37pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:34.5pt;width:72.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:72.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.54pt"></span></span><span style="left:41.17pt;position:var(--position)">35,600<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:285.75pt;position:var(--position);top:34.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.65pt;position:var(--position);text-decoration:none;white-space:pre">3.51%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:34.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.12pt;position:var(--position);white-space:pre">SOFR</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:34.5pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.37pt;position:var(--position);text-decoration:none;white-space:pre">5.0</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:222pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value Hedges of Interest Rate Risk</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:228.9pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">Certain of our corporate financings expose us to fluctuations in the fair value of our outstanding fixed rate debt. We use</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:251pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">derivative financial instruments, which include interest rate swaps, to hedge interest rate risk associated with changes in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:262.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.79pt">fair value of our fixed rate debt. The changes in the value of the interest rate swap is recognized in earnings and offset the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.29pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:274pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:205.05pt">corresponding changes in the fair value of the debt.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:263.55pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:303.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Designated Hedges of Interest Rate Risk  </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:327pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">The following tables detail our outstanding interest rate derivatives that were designated as fair value hedges of interest rate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:338.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:144.88pt">risk (notional amount in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:356pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:494.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:129pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:95.25pt"></td></tr><tr style="height:12.75pt"><td colspan="11" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:494.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:494.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:223.91pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:129pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest Rate Derivatives</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:12.75pt;width:51.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.34pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.01pt;position:var(--position);text-decoration:none;white-space:pre">Instruments</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.93pt;position:var(--position);text-decoration:none;white-space:pre">Aggregate Notional </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.14pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:12.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.59pt;position:var(--position);text-decoration:none;white-space:pre">Fixed Rate</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:12.75pt;width:45pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.73pt;position:var(--position);text-decoration:none;white-space:pre">Index</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:12.75pt;width:95.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.43pt;position:var(--position);text-decoration:none;white-space:pre">Maturity (Years)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest Rate Swaps</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:34.5pt;width:51.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.37pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:34.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">900,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:34.5pt;width:74.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:74.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.13pt;position:var(--position);text-decoration:none;white-space:pre">3.75%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.96pt;position:var(--position);white-space:pre"> - </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.29pt;position:var(--position);text-decoration:none;white-space:pre">3.81%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:34.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">SOFR</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:34.5pt;width:95.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:95.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.96pt;position:var(--position);text-decoration:none;white-space:pre">3.4</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.46pt;position:var(--position);white-space:pre"> - </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:51.79pt;position:var(--position);text-decoration:none;white-space:pre">4.9</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:422.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:129pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:96pt"></td></tr><tr style="height:12.75pt"><td colspan="11" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:495pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:215.19pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:129pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest Rate Derivatives</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:12.75pt;width:51.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.34pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.01pt;position:var(--position);text-decoration:none;white-space:pre">Instruments</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.48pt;position:var(--position);text-decoration:none;white-space:pre">Notional Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:12.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.59pt;position:var(--position);text-decoration:none;white-space:pre">Fixed Rate</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:12.75pt;width:45pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.73pt;position:var(--position);text-decoration:none;white-space:pre">Index</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:12.75pt;width:96pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:96pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.81pt;position:var(--position);text-decoration:none;white-space:pre">Maturity (Years)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest Rate Swaps</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:34.5pt;width:51.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.37pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:34.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">450,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:34.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:25.15pt;position:var(--position);text-decoration:none;white-space:pre">3.81%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:34.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">SOFR</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:34.5pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:96pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">3.9</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:495pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">The following tables detail the carrying amount and cumulative basis adjustments on hedged items designated as fair value</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:506.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:97.43pt">hedges ($ in thousands):</span></div><div style="position:var(--position);top:524pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:150pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:168.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:168.75pt"></td></tr><tr style="height:12.75pt"><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:495pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:224.28pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:30.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:150pt"><div><div style="line-height:8pt;position:var(--position);top:3.9pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Line Item in the Consolidated Balance </span></div><div style="line-height:8pt;position:var(--position);top:13.01pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Sheets in which the Hedged Item is </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Included</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:12.75pt;width:168.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.01pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.1pt;position:var(--position);text-decoration:none;white-space:pre">Carrying Amount of the Hedged Assets/ </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:67.28pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:12.75pt;width:168.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.01pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.33pt;position:var(--position);text-decoration:none;white-space:pre">Cumulative Amount of Fair Value Hedging </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12pt;position:var(--position);text-decoration:none;white-space:pre">Adjustment Included in Carrying Amount</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-1631"><span style="-sec-ix-hidden:f-1632">Senior secured notes, net</span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:43.5pt;width:168.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:124.54pt"></span></span><span style="left:132.17pt;position:var(--position)">882,722<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:43.5pt;width:168.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:131.21pt"></span></span><span style="left:138.84pt;position:var(--position)">(4,706)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:599.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:150pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:168.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:168.75pt"></td></tr><tr style="height:12.75pt"><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:495pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:215.19pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:30.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:150pt"><div><div style="line-height:8pt;position:var(--position);top:3.9pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Line Item in the Consolidated Balance </span></div><div style="line-height:8pt;position:var(--position);top:13.01pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Sheets in which the Hedged Item is </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Included</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:12.75pt;width:168.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.01pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.1pt;position:var(--position);text-decoration:none;white-space:pre">Carrying Amount of the Hedged Assets/ </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:67.28pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:12.75pt;width:168.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.01pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.33pt;position:var(--position);text-decoration:none;white-space:pre">Cumulative Amount of Fair Value Hedging </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12pt;position:var(--position);text-decoration:none;white-space:pre">Adjustment Included in Carrying Amount</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-1635"><span style="-sec-ix-hidden:f-1636">Senior secured notes, net</span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:43.5pt;width:168.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:124.54pt"></span></span><span style="left:132.17pt;position:var(--position)">450,597<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:43.5pt;width:168.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:134.54pt"></span></span><span style="left:142.17pt;position:var(--position)">6,840<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:356.11pt">Financial Statement Impact of Hedges of Foreign Currency and Interest Rate Risks</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:125.42pt">The following table presents th</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:183.92000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:369.57pt">e effect of our derivative financial instruments on our consolidated statements of operations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:67.18pt">($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:125.68pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:94.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:139.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:96pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:139.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);width:252.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:252.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.39pt;position:var(--position);text-decoration:none;white-space:pre">Increase (Decrease) to Net Interest Income Recognized from Derivatives</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:12.75pt;width:125.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:139.5pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivatives in Hedging Relationships</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:25.5pt;width:96pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:96pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.91pt;position:var(--position);text-decoration:none;white-space:pre">Location of Income</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:96pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.59pt;position:var(--position);text-decoration:none;white-space:pre"> (Expense) Recognized</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:139.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Designated Hedges</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:47.25pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:6.376pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);top:-2.626pt;white-space:pre;width:62.41pt">Interest Income</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:83.03999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre;width:6.06pt">(1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:47.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,504<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:47.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">4,694<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:47.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,464<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:47.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,645<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:139.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Designated Hedges</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:62.25pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:6.376pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);top:-2.626pt;white-space:pre;width:66.3pt">Interest Expense</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:86.92999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre;width:6.06pt">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:62.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">260<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:62.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">(625)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:62.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">421<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:62.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:28.21pt"></span></span><span style="left:30.84pt;position:var(--position)">(1,210)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:139.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-Designated Hedges</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:77.25pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:6.376pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);top:-2.626pt;white-space:pre;width:62.41pt">Interest Income</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:83.03999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre;width:6.06pt">(1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:77.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">(7)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:77.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.71pt"></span></span><span style="left:43.34pt;position:var(--position)">(50)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:77.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.71pt"></span></span><span style="left:43.34pt;position:var(--position)">(12)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:77.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.71pt"></span></span><span style="left:43.34pt;position:var(--position)">(50)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:139.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-Designated Hedges</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:92.25pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:6.376pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);top:-2.626pt;white-space:pre;width:66.3pt">Interest Expense</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:86.92999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre;width:6.06pt">(3)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:92.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">17<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:92.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:28.21pt"></span></span><span style="left:30.84pt;position:var(--position)">(1,931)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:92.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">24<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:92.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:28.21pt"></span></span><span style="left:30.84pt;position:var(--position)">(1,928)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:139.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:107.25pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:96pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:107.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,774<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:107.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">2,088<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:107.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,897<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:107.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">4,457<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:221.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:233.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">Represents the forward points earned on our foreign currency forward contracts, which reflect the interest rate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:244.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">differentials between the applicable base rate for our foreign currency investments and prevailing U.S. interest rates.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:256.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:409.21pt">These forward contracts effectively convert the foreign currency rate exposure for such investments to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.71pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:267.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:120.67pt">USD-equivalent interest rates.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:279.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">Represents the financial statement impact of proceeds (payments) from periodic settlements related to our interest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:290.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:40.5pt">rate swap.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:302.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">Represents the spot rate movement in our non-designated foreign currency hedges, which are marked-to-market and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:313.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">recognized in interest and related expenses in our consolidated statements of operations. The amounts in the three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:325.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:17.59pt">and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:103.09pt;position:var(--position);text-decoration:none;white-space:pre;width:71.27pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.36pt;position:var(--position);text-decoration:none;white-space:pre;width:3.16pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:177.51999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:57.14pt">June 30, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:234.66pt;position:var(--position);text-decoration:none;white-space:pre;width:273.88pt"> also include a realized loss on an interest rate swap related to our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.54pt;position:var(--position);text-decoration:none;white-space:pre;width:44.78pt">Bank Loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:336.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:96.68pt">Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.18pt;position:var(--position);text-decoration:none;white-space:pre;width:371.2pt"> that was entered into during the three months ended June 30, 2025 and subsequently</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:348.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:45.2pt">terminated.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:130.7pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:371.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:76.03pt">Fair Value Hedges</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:389.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:182.68pt">The following table presents the net gains </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.18pt;position:var(--position);text-decoration:none;white-space:pre;width:34.91pt">(losses) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.09000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:277.36pt">on derivatives and the related hedged items in fair value hedging</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:400.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.05pt">relationships</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:109.55pt;position:var(--position);text-decoration:none;white-space:pre;width:5.83pt"> (</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.38pt;position:var(--position);text-decoration:none;white-space:pre;width:63.85pt">$ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:418.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:243pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.62pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total interest and related expenses presented in the </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.63pt;position:var(--position);text-decoration:none;white-space:pre">consolidated statements of operations</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">227,182<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">264,727<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">447,918<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">506,960<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Gains (losses) on fair value hedging relationships</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.62pt;position:var(--position);text-decoration:none;white-space:pre">Total (loss) gain on derivative instruments</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:66.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:23.21pt"></span></span><span style="left:30.84pt;position:var(--position)">(8,159)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:66.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">9,124<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:66.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.21pt"></span></span><span style="left:25.84pt;position:var(--position)">(11,453)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:66.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">12,288<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81.75pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.62pt;position:var(--position);text-decoration:none;white-space:pre">Fair value basis adjustment on hedged items</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:81.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">8,245</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:81.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.96pt;position:var(--position);text-decoration:none;white-space:pre">(4,231)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:81.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">11,546</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:81.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.96pt;position:var(--position);text-decoration:none;white-space:pre">(7,340)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96.75pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.62pt;position:var(--position);text-decoration:none;white-space:pre">Derivative settlements and accruals</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:96.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.12pt;position:var(--position);text-decoration:none;white-space:pre">175</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:96.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.12pt;position:var(--position);text-decoration:none;white-space:pre">624</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:96.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.12pt;position:var(--position);text-decoration:none;white-space:pre">328</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:96.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">1,442</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:243pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);top:-2.626pt;white-space:pre">Net gain on fair value hedging relationships</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:194.99pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:111.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.04pt"></span></span><span style="left:41.67pt;position:var(--position)">261<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:111.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">5,517<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:111.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.04pt"></span></span><span style="left:41.67pt;position:var(--position)">421<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:111.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">6,390<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:550pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:559.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:34.96pt">Included</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.46000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:365.92pt"> within interest and related expenses presented in the consolidated statements of operations.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:179.28pt">Valuation and Other Comprehensive Income</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:409.51pt">The following table summarizes the fair value of our derivative financial instruments ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:89pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:201pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:70.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:70.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:70.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:70.5pt"></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:201pt"><div><div style="line-height:8pt;position:var(--position);top:12.99pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);width:144pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:144pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.39pt;position:var(--position);white-space:pre">Fair Value of Derivatives in an Asset</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:144pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:45.32pt;position:var(--position);white-space:pre"> Position</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:74.85pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:80.91pt;position:var(--position);white-space:pre"> as of</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351pt;position:var(--position);width:144pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:144pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.05pt;position:var(--position);white-space:pre">Fair Value of Derivatives in a Liability </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:144pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:46.32pt;position:var(--position);white-space:pre">Position</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:73.85pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:79.91pt;position:var(--position);white-space:pre"> as of</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:21.75pt;width:70.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.03pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:277.5pt;position:var(--position);top:21.75pt;width:70.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.94pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351pt;position:var(--position);top:21.75pt;width:70.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.03pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:21.75pt;width:70.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.94pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td colspan="9" style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:495pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivatives designated as hedging instruments</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:201pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.62pt;position:var(--position);text-decoration:none;white-space:pre">Foreign exchange contracts</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:49.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.29pt"></span></span><span style="left:38.92pt;position:var(--position)">41,178<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:277.5pt;position:var(--position);top:49.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:48.79pt"></span></span><span style="left:56.42pt;position:var(--position)">22<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:351pt;position:var(--position);top:49.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.79pt"></span></span><span style="left:61.42pt;position:var(--position)">6<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:49.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.29pt"></span></span><span style="left:38.92pt;position:var(--position)">24,994<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:201pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.62pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate derivatives</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:64.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.79pt"></span></span><span style="left:51.42pt;position:var(--position)">580<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:277.5pt;position:var(--position);top:64.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.29pt"></span></span><span style="left:43.92pt;position:var(--position)">6,877<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351pt;position:var(--position);top:64.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.29pt"></span></span><span style="left:43.92pt;position:var(--position)">4,576<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:64.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.79pt"></span></span><span style="left:56.42pt;position:var(--position)">76<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:79.5pt;width:201pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.62pt;position:var(--position);text-decoration:none;white-space:pre">Total derivatives designated as hedging </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">instruments</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:79.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.29pt"></span></span><span style="left:38.92pt;position:var(--position)">41,758<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:277.5pt;position:var(--position);top:79.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">6,899<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351pt;position:var(--position);top:79.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">4,582<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:79.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.29pt"></span></span><span style="left:38.92pt;position:var(--position)">25,070<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td colspan="9" style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:495pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivatives not designated as hedging instruments</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:201pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.62pt;position:var(--position);text-decoration:none;white-space:pre">Foreign exchange contracts</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:120.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">6,150<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:277.5pt;position:var(--position);top:120.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">3,593<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351pt;position:var(--position);top:120.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">5,769<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:120.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">1,526<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135.75pt;width:201pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.62pt;position:var(--position);text-decoration:none;white-space:pre">Total derivatives not designated as hedging </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">instruments</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:135.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">6,150<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:277.5pt;position:var(--position);top:135.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">3,593<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351pt;position:var(--position);top:135.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">5,769<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:135.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">1,526<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162pt;width:201pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total derivatives</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:162pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.29pt"></span></span><span style="left:38.92pt;position:var(--position)">47,908<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:277.5pt;position:var(--position);top:162pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.29pt"></span></span><span style="left:38.92pt;position:var(--position)">10,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351pt;position:var(--position);top:162pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.29pt"></span></span><span style="left:38.92pt;position:var(--position)">10,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:162pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.29pt"></span></span><span style="left:38.92pt;position:var(--position)">26,596<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:271pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:279pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:235.55pt">Included in other assets in our consolidated balance sheets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:290.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:249.39pt">Included in other liabilities in our consolidated balance sheets.</span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">The following table presents the effect of our derivative financial instruments on our consolidated statements of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:223.11pt">comprehensive income and operations ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:281.61pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:83pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:96pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:78.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:78.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:72pt"></td><td style="padding:0;width:78.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:78.75pt"></td></tr><tr style="height:21.75pt"><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:96pt"><div><div style="line-height:8pt;position:var(--position);top:30.18pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Derivatives in Hedging </span></div><div style="line-height:8pt;position:var(--position);top:39.37pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Relationships</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:99pt;position:var(--position);width:160.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:160.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.19pt;position:var(--position);text-decoration:none;white-space:pre">Amount of Gain (Loss) Recognized in</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:160.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:47.16pt;position:var(--position);text-decoration:none;white-space:pre">OCI on Derivatives</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);width:72pt"><div><div style="line-height:8pt;position:var(--position);top:7.37pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.13pt;position:var(--position);text-decoration:none;white-space:pre">Location of Gain </span></div><div style="line-height:8pt;position:var(--position);top:15.37pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.56pt;position:var(--position);text-decoration:none;white-space:pre">(Loss)</span></div><div style="line-height:8pt;position:var(--position);top:23.37pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.8pt;position:var(--position);text-decoration:none;white-space:pre">Reclassified</span></div><div style="line-height:8pt;position:var(--position);top:31.37pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.92pt;position:var(--position);text-decoration:none;white-space:pre">from Accumulated </span></div><div style="line-height:8pt;position:var(--position);top:39.37pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.13pt;position:var(--position);text-decoration:none;white-space:pre">OCI into Income</span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);width:160.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:160.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.42pt;position:var(--position);text-decoration:none;white-space:pre">Amount of Gain (Loss) Reclassified from </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:160.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:27.74pt;position:var(--position);text-decoration:none;white-space:pre">Accumulated OCI into Income</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:99pt;position:var(--position);top:21.75pt;width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:8.51pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.96pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended </span></div><div style="line-height:8pt;position:var(--position);top:17.62pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:180.75pt;position:var(--position);top:21.75pt;width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:8.51pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.84pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended </span></div><div style="line-height:8pt;position:var(--position);top:17.62pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:21.75pt;width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:8.51pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.96pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended </span></div><div style="line-height:8pt;position:var(--position);top:17.62pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:21.75pt;width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:8.51pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.84pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended </span></div><div style="line-height:8pt;position:var(--position);top:17.62pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:15pt"><td colspan="10" style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48pt;width:495pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:underline;white-space:pre">Net Investment Hedges</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);white-space:pre">Foreign exchange </span></div><div style="line-height:10pt;position:var(--position);top:15.25pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27pt;position:var(--position);white-space:pre">contracts</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:63.05pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:99pt;position:var(--position);top:63pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.54pt"></span></span><span style="left:47.17pt;position:var(--position)">13,705<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:180.75pt;position:var(--position);top:63pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.54pt"></span></span><span style="left:47.17pt;position:var(--position)">41,895<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:63pt;width:72pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.85pt;position:var(--position);text-decoration:none;white-space:pre">Interest Expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:63pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">3,504<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:63pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">7,464<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:96pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:underline;white-space:pre">Cash Flow Hedges</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:89.25pt;width:72pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);white-space:pre">Interest rate </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27pt;position:var(--position);white-space:pre">derivatives</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:70.82pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:99pt;position:var(--position);top:104.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:61.12pt;position:var(--position);text-decoration:none;white-space:pre">427</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:180.75pt;position:var(--position);top:104.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:61.12pt;position:var(--position);text-decoration:none;white-space:pre">684</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:104.25pt;width:72pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:72pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.02pt;position:var(--position);white-space:pre">Interest </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:72pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.29pt;position:var(--position);white-space:pre">Expense</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:49.14pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:104.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:66.12pt;position:var(--position);text-decoration:none;white-space:pre">13</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:104.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:66.12pt;position:var(--position);text-decoration:none;white-space:pre">28</span></div></div></div></td></tr><tr style="height:18.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:130.5pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:96pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:99pt;position:var(--position);top:130.5pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.54pt"></span></span><span style="left:47.17pt;position:var(--position)">14,132<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:180.75pt;position:var(--position);top:130.5pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.54pt"></span></span><span style="left:47.17pt;position:var(--position)">42,579<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:130.5pt;width:72pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:130.5pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">3,517<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:130.5pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">7,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:237.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:247.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.84pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.34pt;position:var(--position);text-decoration:none;white-space:pre;width:121.98pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:259.32pt;position:var(--position);text-decoration:none;white-space:pre;width:5.66pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.98pt;position:var(--position);text-decoration:none;white-space:pre;width:62.14pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:327.12pt;position:var(--position);text-decoration:none;white-space:pre;width:25.47pt">, we </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:352.59pt;position:var(--position);text-decoration:none;white-space:pre;width:17.2pt">paid</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:369.79pt;position:var(--position);text-decoration:none;white-space:pre;width:111.5pt"> net cash settlements of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:481.29pt;position:var(--position);text-decoration:none;white-space:pre;width:52.01pt">$4.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:533.3pt;position:var(--position);text-decoration:none;white-space:pre;width:20.09pt"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:54.28pt">$22.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:139.78pt;position:var(--position);text-decoration:none;white-space:pre;width:234.02pt">, respectively, on our foreign currency forward contracts. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.8pt;position:var(--position);text-decoration:none;white-space:pre;width:179.6pt">Those amounts are included as a component</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:270.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:322.92pt">of accumulated other comprehensive income on our consolidated balance sheets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:281.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:50pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:135.5pt;position:var(--position);text-decoration:none;white-space:pre;width:118.3pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.8pt;position:var(--position);text-decoration:none;white-space:pre;width:4.74pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:258.53999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:60.3pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:318.84000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:23.63pt">, we </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:342.47pt;position:var(--position);text-decoration:none;white-space:pre;width:33.82pt">received</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:376.29pt;position:var(--position);text-decoration:none;white-space:pre;width:106.9pt"> net cash settlements of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:483.19pt;position:var(--position);text-decoration:none;white-space:pre;width:51.09pt">$0.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:534.28pt;position:var(--position);text-decoration:none;white-space:pre;width:19.17pt"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:293.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.17pt">$0.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:136.67000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:269.3pt">, respectively, on our interest rate swaps. Those amounts are i</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:405.97pt;position:var(--position);text-decoration:none;white-space:pre;width:147.42pt">ncluded within interest and related</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:304.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:216.13pt">expenses in the consolidated statements of operations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:316.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.7pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.2pt;position:var(--position);text-decoration:none;white-space:pre;width:121.7pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:258.9pt;position:var(--position);text-decoration:none;white-space:pre;width:5.59pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.49pt;position:var(--position);text-decoration:none;white-space:pre;width:62pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:326.49pt;position:var(--position);text-decoration:none;white-space:pre;width:226.94pt">, we recorded total interest and related expenses of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:327.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:59.6pt">$227.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.1pt;position:var(--position);text-decoration:none;white-space:pre;width:20.93pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:166.03pt;position:var(--position);text-decoration:none;white-space:pre;width:59.6pt">$447.9 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.63pt;position:var(--position);text-decoration:none;white-space:pre;width:100.33pt">, which was reduced by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:325.96000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:54.34pt">$13 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:380.3pt;position:var(--position);text-decoration:none;white-space:pre;width:20.93pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:401.23pt;position:var(--position);text-decoration:none;white-space:pre;width:54.34pt">$28 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:455.57pt;position:var(--position);text-decoration:none;white-space:pre;width:97.93pt">, respectively, related to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:339.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:172.87pt">income generated by our cash flow hedges.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:362.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:47.7pt">There were </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.2pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:116.2pt;position:var(--position);text-decoration:none;white-space:pre;width:166.25pt"> cash flow hedges outstanding during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:282.45pt;position:var(--position);text-decoration:none;white-space:pre;width:51.05pt">three and six</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:333.5pt;position:var(--position);text-decoration:none;white-space:pre;width:60.79pt"> months ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:394.29pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:450.11pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:391.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:177.35pt">Credit–Risk Related Contingent Features</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:235.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:409.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">We have entered into agreements with certain of our derivative counterparties that contain provisions where if we were to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:420.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">default on any of our indebtedness, including default where repayment of the indebtedness has not been accelerated by the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:432.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">lender, we may also be declared in default on our derivative obligations. In addition, certain of our agreements with our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:443.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:355.49pt">derivative counterparties require that we post collateral to secure net liability positions. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:413.99pt;position:var(--position);text-decoration:none;white-space:pre;width:25.3pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:439.29pt;position:var(--position);text-decoration:none;white-space:pre;width:56.68pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:495.97pt;position:var(--position);text-decoration:none;white-space:pre;width:57.48pt">, we were in a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:455.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:14.71pt">net </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:73.21000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:19.41pt">asset</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.62pt;position:var(--position);text-decoration:none;white-space:pre;width:73.33pt"> position with our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:165.95pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:180.94pt;position:var(--position);text-decoration:none;white-space:pre;width:253.13pt"> counterparties related to our foreign exchange hedges and had </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.07pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:444.07pt;position:var(--position);text-decoration:none;white-space:pre;width:109.34pt"> collateral posted with such</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:466.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:88.12pt">counterparties. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.62pt;position:var(--position);text-decoration:none;white-space:pre;width:57.22pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:203.84pt;position:var(--position);text-decoration:none;white-space:pre;width:184.3pt">, we were in a net liability position with our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:388.14pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:403.13pt;position:var(--position);text-decoration:none;white-space:pre;width:120.84pt"> counterparties related to our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:523.97pt;position:var(--position);text-decoration:none;white-space:pre;width:29.39pt">interest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:478.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:42.94pt">rate swaps</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:101.44pt;position:var(--position);text-decoration:none;white-space:pre;width:39.51pt"> and had </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.95pt;position:var(--position);text-decoration:none;white-space:pre;width:49.9pt">$3.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:190.85pt;position:var(--position);text-decoration:none;white-space:pre;width:206.22pt"> collateral posted with such counterparties. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.07pt;position:var(--position);text-decoration:none;white-space:pre;width:80.64pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.71pt;position:var(--position);text-decoration:none;white-space:pre;width:75.71pt">, we were in a net</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.28pt">asset position with </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:136.78pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.20999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:270.55pt"> of our counterparties and in a net liability position with our other </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:421.76pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:436.75pt;position:var(--position);text-decoration:none;white-space:pre;width:116.72pt"> counterparties related to our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:501.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:135.69pt">foreign exchange hedges and had </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.19pt;position:var(--position);text-decoration:none;white-space:pre;width:53.85pt">$25.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:248.04pt;position:var(--position);text-decoration:none;white-space:pre;width:181.71pt"> of collateral posted with such counterparties.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">The following table details our outstanding foreign exchange derivatives that were designated as net investment hedges of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:164.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:217.58pt">foreign currency risk (notional amounts in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.08000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:176pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="position:var(--position);top:189.8pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:494.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:129pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:58.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:129pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:58.5pt"></td></tr><tr style="height:12.75pt"><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:245.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:99.41pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);width:245.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:90.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:129pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign Currency Derivatives</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:12.75pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.59pt;position:var(--position);text-decoration:none;white-space:pre">Number of</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.26pt;position:var(--position);text-decoration:none;white-space:pre"> Instruments</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:12.75pt;width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.59pt;position:var(--position);text-decoration:none;white-space:pre">Notional</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.26pt;position:var(--position);text-decoration:none;white-space:pre"> Amount</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:12.75pt;width:129pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign Currency Derivatives</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:12.75pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.59pt;position:var(--position);text-decoration:none;white-space:pre">Number of</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.26pt;position:var(--position);text-decoration:none;white-space:pre"> Instruments</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:12.75pt;width:58.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.59pt;position:var(--position);text-decoration:none;white-space:pre">Notional</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.26pt;position:var(--position);text-decoration:none;white-space:pre"> Amount</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell SEK Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:33.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:33.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">kr <span style="display:inline-block;height:6.93pt;width:8.46pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">940,679<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:33.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell SEK Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:33.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:33.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">kr <span style="display:inline-block;height:6.93pt;width:8.46pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">970,417<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell EUR Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:48.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.12pt;position:var(--position);text-decoration:none;white-space:pre">12</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:48.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.93pt;width:14.29pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">695,360<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:48.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell GBP Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:48.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">6</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:48.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">£<span style="display:inline-block;height:6.93pt;width:14.29pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">739,956<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell GBP Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:63.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">5</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:63.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">£<span style="display:inline-block;height:6.93pt;width:14.29pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">684,764<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:63.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell EUR Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:63.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.12pt;position:var(--position);text-decoration:none;white-space:pre">10</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:63.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.93pt;width:14.29pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">689,868<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell AUD Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:78.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">9</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:78.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">A$<span style="display:inline-block;height:6.93pt;width:7.07pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">389,995<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:78.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell AUD Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:78.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">7</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:78.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">A$<span style="display:inline-block;height:6.93pt;width:7.07pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">371,141<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell CAD Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:93.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:93.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">C$<span style="display:inline-block;height:6.93pt;width:7.63pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">120,799<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:93.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell CAD Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:93.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:93.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">C$<span style="display:inline-block;height:6.93pt;width:7.63pt"></span></span><span style="left:21.919999999999998pt;position:var(--position)">120,557<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell CHF Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:108.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:108.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">CHF<span style="display:inline-block;height:6.93pt;width:22.35pt"></span></span><span style="left:44.42pt;position:var(--position)">52<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:108.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell CHF Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:108.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:108.75pt;width:58.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:58.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">CHF<span style="display:inline-block;height:6.93pt;width:22.35pt"></span></span><span style="left:44.42pt;position:var(--position)">52<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">The following table details our outstanding foreign exchange derivatives that were non-designated hedges of foreign</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:359.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:186.22pt">currency risk (notional amounts in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.72pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:370.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="position:var(--position);top:384.35pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:493.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:132pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:131.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:1.5pt"></td><td style="padding:0;width:56.25pt"></td></tr><tr style="height:12.75pt"><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:244.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:244.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:99.03pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:247.5pt;position:var(--position);width:246pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:246pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:90.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:132pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:132pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-designated Hedges</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:135pt;position:var(--position);top:12.75pt;width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.09pt;position:var(--position);text-decoration:none;white-space:pre">Number of</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.76pt;position:var(--position);text-decoration:none;white-space:pre"> Instruments</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:12.75pt;width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.97pt;position:var(--position);text-decoration:none;white-space:pre">Notional</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.64pt;position:var(--position);text-decoration:none;white-space:pre"> Amount</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:247.5pt;position:var(--position);top:12.75pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.55pt;position:var(--position);text-decoration:none;white-space:pre">Non-designated Hedges</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:12.75pt;width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.09pt;position:var(--position);text-decoration:none;white-space:pre">Number of</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.76pt;position:var(--position);text-decoration:none;white-space:pre"> Instruments</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:12.75pt;width:56.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.47pt;position:var(--position);text-decoration:none;white-space:pre">Notional</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.14pt;position:var(--position);text-decoration:none;white-space:pre"> Amount</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:132pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:132pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy EUR / Sell USD Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:135pt;position:var(--position);top:33.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:33.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">119,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:247.5pt;position:var(--position);top:33.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy GBP / Sell USD Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:33.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:33.75pt;width:56.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">£<span style="display:inline-block;height:6.93pt;width:17.04pt"></span></span><span style="left:24.669999999999998pt;position:var(--position)">86,800<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:132pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:132pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell EUR Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:135pt;position:var(--position);top:48.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:48.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">119,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:247.5pt;position:var(--position);top:48.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell GBP Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:48.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:48.75pt;width:56.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">£<span style="display:inline-block;height:6.93pt;width:17.04pt"></span></span><span style="left:24.669999999999998pt;position:var(--position)">86,800<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:132pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:132pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy GBP / Sell USD Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:135pt;position:var(--position);top:63.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:63.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">£<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">111,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:247.5pt;position:var(--position);top:63.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy EUR / Sell USD Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:63.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:63.75pt;width:56.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.93pt;width:17.04pt"></span></span><span style="left:24.669999999999998pt;position:var(--position)">44,700<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:132pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:132pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell GBP Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:135pt;position:var(--position);top:78.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:78.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">£<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">111,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:247.5pt;position:var(--position);top:78.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell EUR Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:78.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:78.75pt;width:56.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.93pt;width:17.04pt"></span></span><span style="left:24.669999999999998pt;position:var(--position)">44,700<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:132pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:132pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy AUD / Sell USD Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:135pt;position:var(--position);top:93.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:93.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">A$<span style="display:inline-block;height:6.93pt;width:6.82pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">15,500<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:247.5pt;position:var(--position);top:93.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy AUD / Sell USD Forward</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:93.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:93.75pt;width:56.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">A$<span style="display:inline-block;height:6.93pt;width:9.82pt"></span></span><span style="left:24.669999999999998pt;position:var(--position)">10,200<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108pt;width:132pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:132pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell AUD Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:135pt;position:var(--position);top:108pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:191.25pt;position:var(--position);top:108pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">A$<span style="display:inline-block;height:6.93pt;width:6.82pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">15,500<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:247.5pt;position:var(--position);top:108pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:131.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Buy USD / Sell AUD Forward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:108pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:108pt;width:56.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:56.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">A$<span style="display:inline-block;height:6.93pt;width:9.82pt"></span></span><span style="left:24.669999999999998pt;position:var(--position)">10,200<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 3 940679000 2 970417000 12 695360000 6 739956000 5 684764000 10 689868000 9 389995000 7 371141000 3 120799000 3 120557000 1 52000 1 52000 2 119100000 2 86800000 2 119100000 2 86800000 4 111100000 3 44700000 4 111100000 3 44700000 2 15500000 2 10200000 2 15500000 2 10200000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">The following table details our outstanding interest rate derivatives that were designated as cash flow hedges of interest rate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:148.77pt">risk (notional amounts in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:150pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:72.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:95.25pt"></td></tr><tr style="height:12.75pt"><td colspan="11" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:495pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:224.28pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:150pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest Rate Derivatives</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:12.75pt;width:51.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.34pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.01pt;position:var(--position);text-decoration:none;white-space:pre">Instruments</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:12.75pt;width:72.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:72.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.73pt;position:var(--position);text-decoration:none;white-space:pre">Notional Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:285.75pt;position:var(--position);top:12.75pt;width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.09pt;position:var(--position);text-decoration:none;white-space:pre">Fixed Rate</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:12.75pt;width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.85pt;position:var(--position);text-decoration:none;white-space:pre">Index</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:12.75pt;width:95.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.43pt;position:var(--position);text-decoration:none;white-space:pre">Maturity (Years)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest Rate Swaps</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:34.5pt;width:51.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.37pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:34.5pt;width:72.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:72.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.54pt"></span></span><span style="left:41.17pt;position:var(--position)">35,600<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:285.75pt;position:var(--position);top:34.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.65pt;position:var(--position);text-decoration:none;white-space:pre">3.51%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:34.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.12pt;position:var(--position);text-decoration:none;white-space:pre">SOFR</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:34.5pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.37pt;position:var(--position);text-decoration:none;white-space:pre">4.5</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:149.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:150pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:72.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:95.25pt"></td></tr><tr style="height:12.75pt"><td colspan="11" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:495pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:215.19pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:150pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest Rate Derivatives</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:12.75pt;width:51.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.34pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.01pt;position:var(--position);text-decoration:none;white-space:pre">Instruments</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:12.75pt;width:72.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:72.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.73pt;position:var(--position);text-decoration:none;white-space:pre">Notional Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:285.75pt;position:var(--position);top:12.75pt;width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.09pt;position:var(--position);white-space:pre">Fixed Rate</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:12.75pt;width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.85pt;position:var(--position);text-decoration:none;white-space:pre">Index</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:12.75pt;width:95.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.43pt;position:var(--position);text-decoration:none;white-space:pre">Maturity (Years)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:150pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Interest Rate Swaps</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:34.5pt;width:51.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.37pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:34.5pt;width:72.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:72.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.54pt"></span></span><span style="left:41.17pt;position:var(--position)">35,600<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:285.75pt;position:var(--position);top:34.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.65pt;position:var(--position);text-decoration:none;white-space:pre">3.51%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:34.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.12pt;position:var(--position);white-space:pre">SOFR</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:34.5pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.37pt;position:var(--position);text-decoration:none;white-space:pre">5.0</span></div></div></div></td></tr></tbody></table></div></div></div> 1 35600000 0.0351 P4Y6M 1 35600000 0.0351 P5Y <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">The following tables detail our outstanding interest rate derivatives that were designated as fair value hedges of interest rate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:338.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:144.88pt">risk (notional amount in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:356pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:494.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:129pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:95.25pt"></td></tr><tr style="height:12.75pt"><td colspan="11" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:494.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:494.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:223.91pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:129pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest Rate Derivatives</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:12.75pt;width:51.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.34pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.01pt;position:var(--position);text-decoration:none;white-space:pre">Instruments</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.93pt;position:var(--position);text-decoration:none;white-space:pre">Aggregate Notional </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.14pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:12.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.59pt;position:var(--position);text-decoration:none;white-space:pre">Fixed Rate</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:12.75pt;width:45pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.73pt;position:var(--position);text-decoration:none;white-space:pre">Index</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:12.75pt;width:95.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.43pt;position:var(--position);text-decoration:none;white-space:pre">Maturity (Years)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest Rate Swaps</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:34.5pt;width:51.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.37pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:34.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">900,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:34.5pt;width:74.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:74.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.13pt;position:var(--position);text-decoration:none;white-space:pre">3.75%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.96pt;position:var(--position);white-space:pre"> - </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.29pt;position:var(--position);text-decoration:none;white-space:pre">3.81%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:34.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">SOFR</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:34.5pt;width:95.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:95.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.96pt;position:var(--position);text-decoration:none;white-space:pre">3.4</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.46pt;position:var(--position);white-space:pre"> - </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:51.79pt;position:var(--position);text-decoration:none;white-space:pre">4.9</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:422.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:129pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:96pt"></td></tr><tr style="height:12.75pt"><td colspan="11" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:495pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:215.19pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:129pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest Rate Derivatives</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:12.75pt;width:51.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.34pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.01pt;position:var(--position);text-decoration:none;white-space:pre">Instruments</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.48pt;position:var(--position);text-decoration:none;white-space:pre">Notional Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:12.75pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.59pt;position:var(--position);text-decoration:none;white-space:pre">Fixed Rate</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:12.75pt;width:45pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.73pt;position:var(--position);text-decoration:none;white-space:pre">Index</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:12.75pt;width:96pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:96pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.81pt;position:var(--position);text-decoration:none;white-space:pre">Maturity (Years)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest Rate Swaps</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132.75pt;position:var(--position);top:34.5pt;width:51.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.37pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:34.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">450,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:34.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:25.15pt;position:var(--position);text-decoration:none;white-space:pre">3.81%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:34.5pt;width:45pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:45pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">SOFR</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:34.5pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:96pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">3.9</span></div></div></div></td></tr></tbody></table></div></div></div> 2 900000000 0.0375 0.0381 P3Y4M24D P4Y10M24D 1 450000000 0.0381 P3Y10M24D <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">The following tables detail the carrying amount and cumulative basis adjustments on hedged items designated as fair value</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:506.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:97.43pt">hedges ($ in thousands):</span></div><div style="position:var(--position);top:524pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:150pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:168.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:168.75pt"></td></tr><tr style="height:12.75pt"><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:495pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:224.28pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:30.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:150pt"><div><div style="line-height:8pt;position:var(--position);top:3.9pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Line Item in the Consolidated Balance </span></div><div style="line-height:8pt;position:var(--position);top:13.01pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Sheets in which the Hedged Item is </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Included</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:12.75pt;width:168.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.01pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.1pt;position:var(--position);text-decoration:none;white-space:pre">Carrying Amount of the Hedged Assets/ </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:67.28pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:12.75pt;width:168.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.01pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.33pt;position:var(--position);text-decoration:none;white-space:pre">Cumulative Amount of Fair Value Hedging </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12pt;position:var(--position);text-decoration:none;white-space:pre">Adjustment Included in Carrying Amount</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-1631"><span style="-sec-ix-hidden:f-1632">Senior secured notes, net</span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:43.5pt;width:168.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:124.54pt"></span></span><span style="left:132.17pt;position:var(--position)">882,722<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:43.5pt;width:168.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:131.21pt"></span></span><span style="left:138.84pt;position:var(--position)">(4,706)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:599.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:150pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:168.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:168.75pt"></td></tr><tr style="height:12.75pt"><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:495pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:215.19pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:30.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:150pt"><div><div style="line-height:8pt;position:var(--position);top:3.9pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Line Item in the Consolidated Balance </span></div><div style="line-height:8pt;position:var(--position);top:13.01pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Sheets in which the Hedged Item is </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Included</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:12.75pt;width:168.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.01pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.1pt;position:var(--position);text-decoration:none;white-space:pre">Carrying Amount of the Hedged Assets/ </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:67.28pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:12.75pt;width:168.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.01pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.33pt;position:var(--position);text-decoration:none;white-space:pre">Cumulative Amount of Fair Value Hedging </span></div><div style="line-height:8pt;position:var(--position);top:22.12pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12pt;position:var(--position);text-decoration:none;white-space:pre">Adjustment Included in Carrying Amount</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:150pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:150pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-1635"><span style="-sec-ix-hidden:f-1636">Senior secured notes, net</span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:43.5pt;width:168.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:124.54pt"></span></span><span style="left:132.17pt;position:var(--position)">450,597<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:43.5pt;width:168.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:168.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:134.54pt"></span></span><span style="left:142.17pt;position:var(--position)">6,840<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:182.68pt">The following table presents the net gains </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.18pt;position:var(--position);text-decoration:none;white-space:pre;width:34.91pt">(losses) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.09000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:277.36pt">on derivatives and the related hedged items in fair value hedging</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:400.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.05pt">relationships</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:109.55pt;position:var(--position);text-decoration:none;white-space:pre;width:5.83pt"> (</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.38pt;position:var(--position);text-decoration:none;white-space:pre;width:63.85pt">$ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:418.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:243pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.62pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total interest and related expenses presented in the </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.63pt;position:var(--position);text-decoration:none;white-space:pre">consolidated statements of operations</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">227,182<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">264,727<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">447,918<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">506,960<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Gains (losses) on fair value hedging relationships</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.62pt;position:var(--position);text-decoration:none;white-space:pre">Total (loss) gain on derivative instruments</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:66.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:23.21pt"></span></span><span style="left:30.84pt;position:var(--position)">(8,159)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:66.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">9,124<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:66.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.21pt"></span></span><span style="left:25.84pt;position:var(--position)">(11,453)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:66.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">12,288<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81.75pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.62pt;position:var(--position);text-decoration:none;white-space:pre">Fair value basis adjustment on hedged items</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:81.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">8,245</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:81.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.96pt;position:var(--position);text-decoration:none;white-space:pre">(4,231)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:81.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.62pt;position:var(--position);text-decoration:none;white-space:pre">11,546</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:81.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.96pt;position:var(--position);text-decoration:none;white-space:pre">(7,340)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96.75pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.62pt;position:var(--position);text-decoration:none;white-space:pre">Derivative settlements and accruals</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:96.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.12pt;position:var(--position);text-decoration:none;white-space:pre">175</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:96.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.12pt;position:var(--position);text-decoration:none;white-space:pre">624</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:96.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:43.12pt;position:var(--position);text-decoration:none;white-space:pre">328</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:96.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.62pt;position:var(--position);text-decoration:none;white-space:pre">1,442</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:243pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);top:-2.626pt;white-space:pre">Net gain on fair value hedging relationships</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:194.99pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:111.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.04pt"></span></span><span style="left:41.67pt;position:var(--position)">261<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:111.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">5,517<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:111.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.04pt"></span></span><span style="left:41.67pt;position:var(--position)">421<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:111.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">6,390<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:550pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:559.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:34.96pt">Included</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.46000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:365.92pt"> within interest and related expenses presented in the consolidated statements of operations.</span></div> 882722000 -4706000 450597000 6840000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:125.42pt">The following table presents th</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:183.92000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:369.57pt">e effect of our derivative financial instruments on our consolidated statements of operations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:67.18pt">($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:125.68pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:94.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:139.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:96pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:139.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);width:252.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:252.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.39pt;position:var(--position);text-decoration:none;white-space:pre">Increase (Decrease) to Net Interest Income Recognized from Derivatives</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:12.75pt;width:125.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:139.5pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivatives in Hedging Relationships</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:25.5pt;width:96pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:96pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.91pt;position:var(--position);text-decoration:none;white-space:pre">Location of Income</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:96pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.59pt;position:var(--position);text-decoration:none;white-space:pre"> (Expense) Recognized</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:139.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Designated Hedges</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:47.25pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:6.376pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);top:-2.626pt;white-space:pre;width:62.41pt">Interest Income</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:83.03999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre;width:6.06pt">(1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:47.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,504<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:47.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">4,694<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:47.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,464<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:47.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,645<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:139.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Designated Hedges</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:62.25pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:6.376pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);top:-2.626pt;white-space:pre;width:66.3pt">Interest Expense</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:86.92999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre;width:6.06pt">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:62.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">260<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:62.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">(625)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:62.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">421<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:62.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:28.21pt"></span></span><span style="left:30.84pt;position:var(--position)">(1,210)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:139.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-Designated Hedges</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:77.25pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:6.376pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);top:-2.626pt;white-space:pre;width:62.41pt">Interest Income</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:83.03999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre;width:6.06pt">(1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:77.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:45.71pt"></span></span><span style="left:48.34pt;position:var(--position)">(7)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:77.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.71pt"></span></span><span style="left:43.34pt;position:var(--position)">(50)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:77.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.71pt"></span></span><span style="left:43.34pt;position:var(--position)">(12)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:77.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.71pt"></span></span><span style="left:43.34pt;position:var(--position)">(50)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:139.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-Designated Hedges</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:92.25pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:6.376pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);top:-2.626pt;white-space:pre;width:66.3pt">Interest Expense</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:86.92999999999999pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre;width:6.06pt">(3)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:92.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">17<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:92.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:28.21pt"></span></span><span style="left:30.84pt;position:var(--position)">(1,931)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:92.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">24<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:92.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:28.21pt"></span></span><span style="left:30.84pt;position:var(--position)">(1,928)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:139.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:107.25pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:96pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:107.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,774<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:107.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">2,088<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:107.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,897<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:107.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">4,457<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:221.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:233.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">Represents the forward points earned on our foreign currency forward contracts, which reflect the interest rate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:244.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">differentials between the applicable base rate for our foreign currency investments and prevailing U.S. interest rates.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:256.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:409.21pt">These forward contracts effectively convert the foreign currency rate exposure for such investments to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.71pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:267.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:120.67pt">USD-equivalent interest rates.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:279.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">Represents the financial statement impact of proceeds (payments) from periodic settlements related to our interest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:290.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:40.5pt">rate swap.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:302.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">Represents the spot rate movement in our non-designated foreign currency hedges, which are marked-to-market and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:313.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">recognized in interest and related expenses in our consolidated statements of operations. The amounts in the three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:325.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:17.59pt">and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:103.09pt;position:var(--position);text-decoration:none;white-space:pre;width:71.27pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.36pt;position:var(--position);text-decoration:none;white-space:pre;width:3.16pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:177.51999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:57.14pt">June 30, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:234.66pt;position:var(--position);text-decoration:none;white-space:pre;width:273.88pt"> also include a realized loss on an interest rate swap related to our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.54pt;position:var(--position);text-decoration:none;white-space:pre;width:44.78pt">Bank Loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:336.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:96.68pt">Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.18pt;position:var(--position);text-decoration:none;white-space:pre;width:371.2pt"> that was entered into during the three months ended June 30, 2025 and subsequently</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:45.2pt">terminated.</span> 3504000 4694000 7464000 7645000 260000 -625000 421000 -1210000 -7000 -50000 -12000 -50000 17000 -1931000 24000 -1928000 3774000 2088000 7897000 4457000 227182000 264727000 447918000 506960000 -8159000 9124000 -11453000 12288000 8245000 -4231000 11546000 -7340000 175000 624000 328000 1442000 261000 5517000 421000 6390000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:409.51pt">The following table summarizes the fair value of our derivative financial instruments ($ in thousands):</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:89pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:201pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:70.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:70.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:70.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:70.5pt"></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:201pt"><div><div style="line-height:8pt;position:var(--position);top:12.99pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);width:144pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:144pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.39pt;position:var(--position);white-space:pre">Fair Value of Derivatives in an Asset</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:144pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:45.32pt;position:var(--position);white-space:pre"> Position</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:74.85pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:80.91pt;position:var(--position);white-space:pre"> as of</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351pt;position:var(--position);width:144pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:144pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.05pt;position:var(--position);white-space:pre">Fair Value of Derivatives in a Liability </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:144pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:46.32pt;position:var(--position);white-space:pre">Position</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:73.85pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:79.91pt;position:var(--position);white-space:pre"> as of</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:21.75pt;width:70.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.03pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:277.5pt;position:var(--position);top:21.75pt;width:70.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.94pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351pt;position:var(--position);top:21.75pt;width:70.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.03pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:21.75pt;width:70.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.94pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td colspan="9" style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:495pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivatives designated as hedging instruments</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:201pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.62pt;position:var(--position);text-decoration:none;white-space:pre">Foreign exchange contracts</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:49.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.29pt"></span></span><span style="left:38.92pt;position:var(--position)">41,178<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:277.5pt;position:var(--position);top:49.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:48.79pt"></span></span><span style="left:56.42pt;position:var(--position)">22<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:351pt;position:var(--position);top:49.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.79pt"></span></span><span style="left:61.42pt;position:var(--position)">6<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:49.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.29pt"></span></span><span style="left:38.92pt;position:var(--position)">24,994<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:201pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.62pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate derivatives</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:64.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.79pt"></span></span><span style="left:51.42pt;position:var(--position)">580<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:277.5pt;position:var(--position);top:64.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.29pt"></span></span><span style="left:43.92pt;position:var(--position)">6,877<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351pt;position:var(--position);top:64.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.29pt"></span></span><span style="left:43.92pt;position:var(--position)">4,576<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:64.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.79pt"></span></span><span style="left:56.42pt;position:var(--position)">76<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:79.5pt;width:201pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.62pt;position:var(--position);text-decoration:none;white-space:pre">Total derivatives designated as hedging </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">instruments</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:79.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.29pt"></span></span><span style="left:38.92pt;position:var(--position)">41,758<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:277.5pt;position:var(--position);top:79.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">6,899<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351pt;position:var(--position);top:79.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">4,582<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:79.5pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.29pt"></span></span><span style="left:38.92pt;position:var(--position)">25,070<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td colspan="9" style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:495pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivatives not designated as hedging instruments</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:201pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.62pt;position:var(--position);text-decoration:none;white-space:pre">Foreign exchange contracts</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:120.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">6,150<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:277.5pt;position:var(--position);top:120.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">3,593<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351pt;position:var(--position);top:120.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">5,769<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:120.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">1,526<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135.75pt;width:201pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.62pt;position:var(--position);text-decoration:none;white-space:pre">Total derivatives not designated as hedging </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">instruments</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:135.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">6,150<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:277.5pt;position:var(--position);top:135.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">3,593<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351pt;position:var(--position);top:135.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">5,769<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:135.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">1,526<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162pt;width:201pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total derivatives</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:162pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.29pt"></span></span><span style="left:38.92pt;position:var(--position)">47,908<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:277.5pt;position:var(--position);top:162pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.29pt"></span></span><span style="left:38.92pt;position:var(--position)">10,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351pt;position:var(--position);top:162pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.29pt"></span></span><span style="left:38.92pt;position:var(--position)">10,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:162pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.29pt"></span></span><span style="left:38.92pt;position:var(--position)">26,596<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:271pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:279pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:235.55pt">Included in other assets in our consolidated balance sheets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:290.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:249.39pt">Included in other liabilities in our consolidated balance sheets.</span></div> 41178000 22000 6000 24994000 580000 6877000 4576000 76000 41758000 6899000 4582000 25070000 6150000 3593000 5769000 1526000 6150000 3593000 5769000 1526000 47908000 10492000 10351000 26596000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">The following table presents the effect of our derivative financial instruments on our consolidated statements of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:223.11pt">comprehensive income and operations ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:281.61pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:83pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:96pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:78.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:78.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:72pt"></td><td style="padding:0;width:78.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:78.75pt"></td></tr><tr style="height:21.75pt"><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:96pt"><div><div style="line-height:8pt;position:var(--position);top:30.18pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Derivatives in Hedging </span></div><div style="line-height:8pt;position:var(--position);top:39.37pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Relationships</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:99pt;position:var(--position);width:160.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:160.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.19pt;position:var(--position);text-decoration:none;white-space:pre">Amount of Gain (Loss) Recognized in</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:160.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:47.16pt;position:var(--position);text-decoration:none;white-space:pre">OCI on Derivatives</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);width:72pt"><div><div style="line-height:8pt;position:var(--position);top:7.37pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.13pt;position:var(--position);text-decoration:none;white-space:pre">Location of Gain </span></div><div style="line-height:8pt;position:var(--position);top:15.37pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.56pt;position:var(--position);text-decoration:none;white-space:pre">(Loss)</span></div><div style="line-height:8pt;position:var(--position);top:23.37pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.8pt;position:var(--position);text-decoration:none;white-space:pre">Reclassified</span></div><div style="line-height:8pt;position:var(--position);top:31.37pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.92pt;position:var(--position);text-decoration:none;white-space:pre">from Accumulated </span></div><div style="line-height:8pt;position:var(--position);top:39.37pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.13pt;position:var(--position);text-decoration:none;white-space:pre">OCI into Income</span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);width:160.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:160.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.42pt;position:var(--position);text-decoration:none;white-space:pre">Amount of Gain (Loss) Reclassified from </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:160.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:27.74pt;position:var(--position);text-decoration:none;white-space:pre">Accumulated OCI into Income</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:99pt;position:var(--position);top:21.75pt;width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:8.51pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.96pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended </span></div><div style="line-height:8pt;position:var(--position);top:17.62pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:180.75pt;position:var(--position);top:21.75pt;width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:8.51pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.84pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended </span></div><div style="line-height:8pt;position:var(--position);top:17.62pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:21.75pt;width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:8.51pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.96pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended </span></div><div style="line-height:8pt;position:var(--position);top:17.62pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:21.75pt;width:78.75pt"><div><div style="line-height:8pt;position:var(--position);top:8.51pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.84pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended </span></div><div style="line-height:8pt;position:var(--position);top:17.62pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.16pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td></tr><tr style="height:15pt"><td colspan="10" style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48pt;width:495pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:495pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:underline;white-space:pre">Net Investment Hedges</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);white-space:pre">Foreign exchange </span></div><div style="line-height:10pt;position:var(--position);top:15.25pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27pt;position:var(--position);white-space:pre">contracts</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:63.05pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:99pt;position:var(--position);top:63pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.54pt"></span></span><span style="left:47.17pt;position:var(--position)">13,705<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:180.75pt;position:var(--position);top:63pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.54pt"></span></span><span style="left:47.17pt;position:var(--position)">41,895<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:63pt;width:72pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.85pt;position:var(--position);text-decoration:none;white-space:pre">Interest Expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:63pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">3,504<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:63pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">7,464<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:96pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:underline;white-space:pre">Cash Flow Hedges</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:89.25pt;width:72pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);white-space:pre">Interest rate </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:96pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27pt;position:var(--position);white-space:pre">derivatives</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:70.82pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:99pt;position:var(--position);top:104.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:61.12pt;position:var(--position);text-decoration:none;white-space:pre">427</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:180.75pt;position:var(--position);top:104.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:61.12pt;position:var(--position);text-decoration:none;white-space:pre">684</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:104.25pt;width:72pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:72pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.02pt;position:var(--position);white-space:pre">Interest </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:72pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.29pt;position:var(--position);white-space:pre">Expense</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:49.14pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:104.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:66.12pt;position:var(--position);text-decoration:none;white-space:pre">13</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:104.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:66.12pt;position:var(--position);text-decoration:none;white-space:pre">28</span></div></div></div></td></tr><tr style="height:18.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:130.5pt;width:96pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:96pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:99pt;position:var(--position);top:130.5pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.54pt"></span></span><span style="left:47.17pt;position:var(--position)">14,132<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:180.75pt;position:var(--position);top:130.5pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.54pt"></span></span><span style="left:47.17pt;position:var(--position)">42,579<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:130.5pt;width:72pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:72pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:334.5pt;position:var(--position);top:130.5pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">3,517<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:130.5pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:78.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">7,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:237.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:247.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.84pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.34pt;position:var(--position);text-decoration:none;white-space:pre;width:121.98pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:259.32pt;position:var(--position);text-decoration:none;white-space:pre;width:5.66pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.98pt;position:var(--position);text-decoration:none;white-space:pre;width:62.14pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:327.12pt;position:var(--position);text-decoration:none;white-space:pre;width:25.47pt">, we </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:352.59pt;position:var(--position);text-decoration:none;white-space:pre;width:17.2pt">paid</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:369.79pt;position:var(--position);text-decoration:none;white-space:pre;width:111.5pt"> net cash settlements of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:481.29pt;position:var(--position);text-decoration:none;white-space:pre;width:52.01pt">$4.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:533.3pt;position:var(--position);text-decoration:none;white-space:pre;width:20.09pt"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:54.28pt">$22.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:139.78pt;position:var(--position);text-decoration:none;white-space:pre;width:234.02pt">, respectively, on our foreign currency forward contracts. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.8pt;position:var(--position);text-decoration:none;white-space:pre;width:179.6pt">Those amounts are included as a component</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:270.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:322.92pt">of accumulated other comprehensive income on our consolidated balance sheets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:281.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:50pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:135.5pt;position:var(--position);text-decoration:none;white-space:pre;width:118.3pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.8pt;position:var(--position);text-decoration:none;white-space:pre;width:4.74pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:258.53999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:60.3pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:318.84000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:23.63pt">, we </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:342.47pt;position:var(--position);text-decoration:none;white-space:pre;width:33.82pt">received</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:376.29pt;position:var(--position);text-decoration:none;white-space:pre;width:106.9pt"> net cash settlements of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:483.19pt;position:var(--position);text-decoration:none;white-space:pre;width:51.09pt">$0.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:534.28pt;position:var(--position);text-decoration:none;white-space:pre;width:19.17pt"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:293.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.17pt">$0.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:136.67000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:269.3pt">, respectively, on our interest rate swaps. Those amounts are i</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:405.97pt;position:var(--position);text-decoration:none;white-space:pre;width:147.42pt">ncluded within interest and related</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:304.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:216.13pt">expenses in the consolidated statements of operations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:316.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.7pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.2pt;position:var(--position);text-decoration:none;white-space:pre;width:121.7pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:258.9pt;position:var(--position);text-decoration:none;white-space:pre;width:5.59pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.49pt;position:var(--position);text-decoration:none;white-space:pre;width:62pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:326.49pt;position:var(--position);text-decoration:none;white-space:pre;width:226.94pt">, we recorded total interest and related expenses of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:327.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:59.6pt">$227.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.1pt;position:var(--position);text-decoration:none;white-space:pre;width:20.93pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:166.03pt;position:var(--position);text-decoration:none;white-space:pre;width:59.6pt">$447.9 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.63pt;position:var(--position);text-decoration:none;white-space:pre;width:100.33pt">, which was reduced by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:325.96000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:54.34pt">$13 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:380.3pt;position:var(--position);text-decoration:none;white-space:pre;width:20.93pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:401.23pt;position:var(--position);text-decoration:none;white-space:pre;width:54.34pt">$28 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:455.57pt;position:var(--position);text-decoration:none;white-space:pre;width:97.93pt">, respectively, related to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:339.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:172.87pt">income generated by our cash flow hedges.</span></div> 13705000 41895000 3504000 7464000 427000 684000 13000 28000 14132000 42579000 3517000 7492000 4600000 22600000 100000 200000 227200000 447900000 13000 28000 0 0 3300000 25300000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:none;white-space:pre">EQUITY</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:548.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Stock and Stock Equivalents </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:565.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Authorized Capital </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:583.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:25.7pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.2pt;position:var(--position);text-decoration:none;white-space:pre;width:57.08pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:141.28pt;position:var(--position);text-decoration:none;white-space:pre;width:148.04pt"> we had the authority to issue up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:289.32pt;position:var(--position);text-decoration:none;white-space:pre;width:50pt">500,000,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:339.32pt;position:var(--position);text-decoration:none;white-space:pre;width:124.52pt"> shares of stock, consisting of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:463.84pt;position:var(--position);text-decoration:none;white-space:pre;width:50pt">400,000,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:513.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:39.56pt"> shares of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:594.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:114.77pt">class A common stock and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:173.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:50pt">100,000,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:223.27pt;position:var(--position);text-decoration:none;white-space:pre;width:330.14pt"> shares of preferred stock. Subject to applicable NYSE listing requirements, our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:606.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">board of directors is authorized to cause us to issue additional shares of authorized stock without stockholder approval. In</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:617.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">addition, to the extent not issued, currently authorized stock may be reclassified between class A common stock and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:629.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:109.96pt">preferred stock. As of both </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.45999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:55.84pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.3pt;position:var(--position);text-decoration:none;white-space:pre;width:19.45pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:243.75pt;position:var(--position);text-decoration:none;white-space:pre;width:78.56pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.31pt;position:var(--position);text-decoration:none;white-space:pre;width:34.45pt">, we did </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:356.76pt;position:var(--position);text-decoration:none;white-space:pre;width:12.77pt">not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:369.53pt;position:var(--position);text-decoration:none;white-space:pre;width:183.78pt"> have any shares of preferred stock issued and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:640.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.13pt">outstanding.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:670.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Share Repurchase Program</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:687.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:298.03pt">In October 2025, our board of directors authorized the repurchase of up to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:356.53pt;position:var(--position);text-decoration:none;white-space:pre;width:2.66pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:359.19pt;position:var(--position);text-decoration:none;white-space:pre;width:59.01pt">$150.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:418.2pt;position:var(--position);text-decoration:none;white-space:pre;width:135.18pt"> of shares of our class A common</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:699.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">stock under our repurchase program. Repurchases may be made from time to time in open market transactions, in privately</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:710.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">negotiated transactions, in agreements and arrangements structured in a manner consistent with Rules 10b-18 and 10b5-1</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:722.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">under the Exchange Act or otherwise. The timing and the actual amounts repurchased will depend on a variety of factors,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">including legal requirements, price and economic and market conditions. The repurchase program may be changed,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:337.39pt">suspended or discontinued at any time and does not have a specified expiration date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:89pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:48.54pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:107.03999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:72.97pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:180.01pt;position:var(--position);text-decoration:none;white-space:pre;width:4.01pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:184.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:58.84pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:242.86pt;position:var(--position);text-decoration:none;white-space:pre;width:74.45pt">, we repurchased </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:317.31pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">212,875</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:349.81pt;position:var(--position);text-decoration:none;white-space:pre;width:203.66pt"> shares of class A common stock at a weighted-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:100.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:115.58pt">average price per share of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.07999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">$17.99</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:201.58pt;position:var(--position);text-decoration:none;white-space:pre;width:87.63pt">, for a total cost of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:289.21000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:50.83pt">$3.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:340.04pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:342.54pt;position:var(--position);text-decoration:none;white-space:pre;width:53.96pt"> During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:396.5pt;position:var(--position);text-decoration:none;white-space:pre;width:73.91pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:470.41pt;position:var(--position);text-decoration:none;white-space:pre;width:4.48pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:474.89pt;position:var(--position);text-decoration:none;white-space:pre;width:59.78pt">June 30, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:534.6700000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:18.63pt">, we</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:112pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.15pt">repurchased </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:109.65pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">1,794,936</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.65pt;position:var(--position);text-decoration:none;white-space:pre;width:301.07pt"> shares of class A common stock at a weighted-average price per share of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:450.72pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">$17.63</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:478.22pt;position:var(--position);text-decoration:none;white-space:pre;width:75.15pt">, for a total cost of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:123.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:53.85pt">$31.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.35pt;position:var(--position);text-decoration:none;white-space:pre;width:29.44pt">. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:141.79000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:197.61pt;position:var(--position);text-decoration:none;white-space:pre;width:291.88pt">, the amount remaining available for repurchases under the program was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:489.49pt;position:var(--position);text-decoration:none;white-space:pre;width:58.85pt">$145.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:548.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:153pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:197.88pt">Class A Common Stock and Deferred Stock Units</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:256.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:170.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">Holders of shares of our class A common stock are entitled to vote on all matters submitted to a vote of stockholders and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:182pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">are entitled to receive dividends authorized by our board of directors and declared by us, in all cases subject to the rights of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:193.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:228.11pt">the holders of shares of outstanding preferred stock, if an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:286.61pt;position:var(--position);text-decoration:none;white-space:pre;width:7.5pt">y.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:217pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:412.77pt">We also issue restricted class A common stock under our stock-based incentive plans. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.27pt;position:var(--position);text-decoration:none;white-space:pre;width:34.06pt">Note 17</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:505.33pt;position:var(--position);text-decoration:none;white-space:pre;width:48.13pt"> for further</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:228.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.82pt">discussion of these long-term incentive plans. In addition to our class A common stock, we also issue deferred stock units</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:240pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">to certain members of our board of directors for services rendered. These deferred stock units are non-voting, but carry the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:251.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">right to receive dividends in the form of additional deferred stock units in an amount equivalent to the cash dividends paid</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:263pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">to holders of shares of class A common stock. Each vested deferred stock unit is settled by delivery of one share of class A</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:274.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:294.96pt">common stock upon the non-employee director’s separation from service.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:353.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:298pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">The following table details the movement in our outstanding shares of class A common stock, including restricted class A</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:309.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:159.56pt">common stock and deferred stock units:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:218.06pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:321pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:339.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:339.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.49pt;width:339.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);width:152.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:152.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.38pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:339.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:339.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Common Stock Outstanding</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:99.88pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:14.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.12pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:14.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.12pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:339.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:339.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Beginning balance</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:28.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.62pt;position:var(--position);text-decoration:none;white-space:pre">168,599,052</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:28.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.62pt;position:var(--position);text-decoration:none;white-space:pre">173,204,190</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:339.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:339.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Issuance of class A common stock</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:140.54999999999998pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:43.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:61.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:43.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:49.12pt;position:var(--position);text-decoration:none;white-space:pre">1,778</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:339.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:339.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Repurchase of class A common stock</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:58.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.46pt;position:var(--position);text-decoration:none;white-space:pre">(212,875)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:58.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.96pt;position:var(--position);text-decoration:none;white-space:pre">(1,794,936)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:73.5pt;width:339.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:339.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Issuance of restricted class A common stock, net</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:197.4pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)(4)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:73.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.12pt;position:var(--position);text-decoration:none;white-space:pre">497,443</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:73.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.12pt;position:var(--position);text-decoration:none;white-space:pre">482,004</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:339.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:339.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Issuance of deferred stock units</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:88.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.12pt;position:var(--position);text-decoration:none;white-space:pre">29,519</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:88.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.12pt;position:var(--position);text-decoration:none;white-space:pre">24,431</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:339.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:339.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Ending balance</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:103.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.62pt;position:var(--position);text-decoration:none;white-space:pre">168,913,139</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:103.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.62pt;position:var(--position);text-decoration:none;white-space:pre">171,917,467</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:444.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:454.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:37.1pt">Includes </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.6pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">369,548</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:155.1pt;position:var(--position);text-decoration:none;white-space:pre;width:20.93pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.03pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">323,877</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.53pt;position:var(--position);text-decoration:none;white-space:pre;width:287.47pt"> deferred stock units held by members of our board of directors as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:496pt;position:var(--position);text-decoration:none;white-space:pre;width:57.32pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:466pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:16.93pt">and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.43pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.43pt;position:var(--position);text-decoration:none;white-space:pre;width:55.75pt">, respectively.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.18pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:477.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:313.59pt">Represents shares issued under our dividend reinvestment program during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:399.09pt;position:var(--position);text-decoration:none;white-space:pre;width:69.95pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:469.04pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.54pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:527.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:8.33pt">In</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.83pt;position:var(--position);text-decoration:none;white-space:pre;width:28.12pt">cludes </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.95pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">32,985</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.45pt;position:var(--position);text-decoration:none;white-space:pre;width:19.63pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.07999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">29,140</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:196.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:345.16pt"> shares of restricted class A common stock issued to our board of directors during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.74pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">six</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:500.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:55.79pt">months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:141.29pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.79pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.61pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.04pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:239.04pt;position:var(--position);text-decoration:none;white-space:pre;width:55.75pt">, respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:512pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(4)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:7.22pt">N</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.72pt;position:var(--position);text-decoration:none;white-space:pre;width:21.09pt">et of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:113.81pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">26,145</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:141.31pt;position:var(--position);text-decoration:none;white-space:pre;width:19.99pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:161.3pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">29,008</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:188.8pt;position:var(--position);text-decoration:none;white-space:pre;width:27.75pt"> shares</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:216.55pt;position:var(--position);text-decoration:none;white-space:pre;width:336.87pt"> of restricted class A common stock forfeited under our stock-based incentive plans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:523.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:43.3pt">during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:128.8pt;position:var(--position);text-decoration:none;white-space:pre;width:69.95pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:198.75pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:201.25pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:257.07pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.5pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:296.5pt;position:var(--position);text-decoration:none;white-space:pre;width:41.05pt">, respectiv</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:337.55pt;position:var(--position);text-decoration:none;white-space:pre;width:14.7pt">ely.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:553pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Dividend Reinvestment and Direct Stock Purchase Plan </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:570.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:411.5pt">We have adopted a dividend reinvestment and direct stock purchase plan under which an aggregate of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:470pt;position:var(--position);text-decoration:none;white-space:pre;width:45pt">10,000,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:515pt;position:var(--position);text-decoration:none;white-space:pre;width:38.48pt"> shares of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:582pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">class A common stock are available for sale. Under the dividend reinvestment component of the plan, our class A common</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:593.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">stockholders can designate all or a portion of their cash dividends to be reinvested in additional shares of class A common</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:605pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">stock. Such shares may, at our option, be newly issued shares from us, shares purchased by the plan administrator on the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:616.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">open market, or a combination thereof. The direct stock purchase component of the plan allows stockholders and new</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:628pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:450.26pt">investors, subject to our approval, to purchase shares of class A common stock directly from us. During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.76pt;position:var(--position);text-decoration:none;white-space:pre;width:44.63pt">six months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:639.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:23.86pt">ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:82.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.61pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.97pt;position:var(--position);text-decoration:none;white-space:pre;width:56.04pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:141.01pt;position:var(--position);text-decoration:none;white-space:pre;width:5.11pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.12pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">16,497</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:173.62pt;position:var(--position);text-decoration:none;white-space:pre;width:379.69pt"> shares of class A common stock were purchased on the open market by the plan administrator</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:651pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:286.07pt">under the dividend reinvestment component of the plan. During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:344.57pt;position:var(--position);text-decoration:none;white-space:pre;width:72.83pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:417.4pt;position:var(--position);text-decoration:none;white-space:pre;width:3.94pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:421.34pt;position:var(--position);text-decoration:none;white-space:pre;width:58.7pt">June 30, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:480.04pt;position:var(--position);text-decoration:none;white-space:pre;width:22.03pt">, we </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:502.07pt;position:var(--position);text-decoration:none;white-space:pre;width:28.92pt">issued </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:530.99pt;position:var(--position);text-decoration:none;white-space:pre;width:22.5pt">1,778</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:662.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:365.17pt">shares of class A common stock under the dividend reinvestment component of the plan.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:423.67pt;position:var(--position);text-decoration:none;white-space:pre;width:3.31pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:426.98pt;position:var(--position);text-decoration:none;white-space:pre;width:26.06pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:453.04pt;position:var(--position);text-decoration:none;white-space:pre;width:57.44pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:510.48pt;position:var(--position);text-decoration:none;white-space:pre;width:42.93pt">, a total of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:674pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">9,948,628</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.5pt;position:var(--position);text-decoration:none;white-space:pre;width:454.86pt"> shares of class A common stock remained available under the dividend reinvestment and direct stock purchase</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:685.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:19.7pt">plan.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">At the Market Stock Offering Program </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:24.58pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:83.08pt;position:var(--position);text-decoration:none;white-space:pre;width:55.96pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:139.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:67.49pt">, we are party to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:206.53pt;position:var(--position);text-decoration:none;white-space:pre;width:22.75pt">seven</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:229.28pt;position:var(--position);text-decoration:none;white-space:pre;width:324.06pt"> equity distribution agreements, or ATM Agreements, pursuant to which we may</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:237.26pt">sell, from time to time, up to an aggregate sales price of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:295.76pt;position:var(--position);text-decoration:none;white-space:pre;width:59.85pt">$699.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:355.61pt;position:var(--position);text-decoration:none;white-space:pre;width:197.89pt"> of our class A common stock. Sales of class A</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">common stock made pursuant to our ATM Agreements may be made in negotiated transactions or transactions that are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">deemed to be “at the market” offerings as defined in Rule 415 under the Securities Act of 1933, as amended. Actual sales</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">depend on a variety of factors including market conditions, the trading price of our class A common stock, our capital</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:129pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:372.88pt">needs, and our determination of the appropriate sources of funding to meet such needs. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:431.38pt;position:var(--position);text-decoration:none;white-space:pre;width:48.84pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:480.22pt;position:var(--position);text-decoration:none;white-space:pre;width:73.27pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:140.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.58pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.08pt;position:var(--position);text-decoration:none;white-space:pre;width:14.09pt"> or </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:129.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:56.58pt">June 30, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:185.75pt;position:var(--position);text-decoration:none;white-space:pre;width:35.56pt">, we did </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.31pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:231.31pt;position:var(--position);text-decoration:none;white-space:pre;width:322pt">t issue any shares of our class A common stock under ATM Agreements. As of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:152pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.56pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.06pt;position:var(--position);text-decoration:none;white-space:pre;width:285.71pt">, shares of our class A common stock with an aggregate sales price of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:400.77pt;position:var(--position);text-decoration:none;white-space:pre;width:59.22pt">$480.9 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:459.99pt;position:var(--position);text-decoration:none;white-space:pre;width:93.46pt"> remained available for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:163.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:187.86pt">issuance and sale under our ATM Agreements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:193pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:58.5pt;position:var(--position);width:45.26pt">Dividends <span style="display:inline-block;height:6.77pt;width:26.74pt"></span></span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:210.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">We generally intend to distribute substantially all of our taxable income, which does not necessarily equal net income as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:222pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">calculated in accordance with GAAP, to our stockholders each year to comply with the REIT provisions of the Internal</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:233.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">Revenue Code of 1986, as amended, or the Internal Revenue Code. Our dividend policy remains subject to revision at the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:245pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">discretion of our board of directors. All distributions will be made at the discretion of our board of directors and will</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:256.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">depend upon our taxable income, our financial condition, our maintenance of REIT status, applicable law, and other factors</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:268pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:162.87pt">as our board of directors deems relevant.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:291.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:14.9pt">On </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:73.4pt;position:var(--position);text-decoration:none;white-space:pre;width:33.5pt">June 15,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.68pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:109.58pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:129.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:116.78pt">, we declared a dividend of $</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:246.36pt;position:var(--position);text-decoration:none;white-space:pre;width:17.5pt">0.47</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:263.86pt;position:var(--position);text-decoration:none;white-space:pre;width:55.39pt"> per share, or </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:319.25pt;position:var(--position);text-decoration:none;white-space:pre;width:54.03pt">$79.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.28pt;position:var(--position);text-decoration:none;white-space:pre;width:125.56pt"> in aggregate, that was paid on </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:498.84pt;position:var(--position);text-decoration:none;white-space:pre;width:54.52pt">July 15, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:303pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:123.78pt">to stockholders of record as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.28pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:238.1pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:326.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:66.59pt">The following ta</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:125.09pt;position:var(--position);text-decoration:none;white-space:pre;width:285.21pt">ble details our dividend activity ($ in thousands, except per share data):</span></div><div style="position:var(--position);top:349.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:242.25pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:242.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);width:125.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:242.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Dividends declared per share of common stock</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">0.47<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">0.47<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.87pt"></span></span><span style="left:36.5pt;position:var(--position)">0.94</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.87pt"></span></span><span style="left:36.5pt;position:var(--position)">0.94</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Class A common stock dividends declared</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">79,215<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">80,649<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.87pt"></span></span><span style="left:21.5pt;position:var(--position)">158,498</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.87pt"></span></span><span style="left:21.5pt;position:var(--position)">161,293</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deferred stock unit dividends declared</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">165<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">147<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.12pt;position:var(--position);text-decoration:none;white-space:pre">324</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.12pt;position:var(--position);text-decoration:none;white-space:pre">340</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Total dividends declared</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">79,380<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">80,796<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.87pt"></span></span><span style="left:21.5pt;position:var(--position)">158,822</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.87pt"></span></span><span style="left:21.5pt;position:var(--position)">161,633</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:458pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Earnings Per Share</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:475.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">We calculate our basic and diluted earnings per share using the two-class method for all periods presented as the unvested</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:487pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">shares of our restricted class A common stock qualify as participating securities, as defined by GAAP. These restricted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:498.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">shares have the same rights as our other shares of class A common stock, including participating in any dividends, and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:510pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">therefore have been included in our basic and diluted net income per share calculation. The shares issuable under our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:521.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">Convertible Notes are included in dilutive earnings per share using the if-converted method when the effect is not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:533pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:47.98pt">antidilutive.</span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:15.53pt">The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:74.03pt;position:var(--position);text-decoration:none;white-space:pre;width:126.58pt"> following table sets forth the c</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.61pt;position:var(--position);text-decoration:none;white-space:pre;width:352.8pt">alculation of basic and diluted net income per share of class A common stock based on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">the weighted-average of both restricted and unrestricted class A common stock outstanding ($ in thousands, except per</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:46.31pt">share data):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:242.25pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:242.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.62pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);width:125.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.88pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Basic and Diluted Earnings</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:242.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:6.376pt;width:242.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">Net (loss) income</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:81.66pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.21pt"></span></span><span style="left:25.84pt;position:var(--position)">(81,222)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">6,969<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.21pt"></span></span><span style="left:25.84pt;position:var(--position)">(87,519)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">6,612<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:242.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);top:-2.626pt;white-space:pre">Weighted-average shares outstanding, basic and diluted</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:233.13pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.12pt;position:var(--position);text-decoration:none;white-space:pre">168,964,515</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.12pt;position:var(--position);text-decoration:none;white-space:pre">171,893,905</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.12pt;position:var(--position);text-decoration:none;white-space:pre">169,021,130</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.12pt;position:var(--position);text-decoration:none;white-space:pre">171,949,090</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Per share amount, basic and diluted</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.21pt"></span></span><span style="left:35.84pt;position:var(--position)">(0.48)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">0.04<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.21pt"></span></span><span style="left:35.84pt;position:var(--position)">(0.52)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">0.04<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:185pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:5.25pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:195.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:46.33pt">Represents </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:131.82999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:68.81pt">net (loss) income</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.64pt;position:var(--position);text-decoration:none;white-space:pre;width:190.32pt"> attributable to Blackstone Mortgage Trust, Inc.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:206.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:53.85pt">For both the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:139.35pt;position:var(--position);text-decoration:none;white-space:pre;width:112.66pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.01pt;position:var(--position);text-decoration:none;white-space:pre;width:3.33pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.34pt;position:var(--position);text-decoration:none;white-space:pre;width:57.48pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:312.82pt;position:var(--position);text-decoration:none;white-space:pre;width:21.09pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:333.90999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:353.91pt;position:var(--position);text-decoration:none;white-space:pre;width:119.03pt">, our Convertible Notes were</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:472.94pt;position:var(--position);text-decoration:none;white-space:pre;width:3.33pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:476.27pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:486.27pt;position:var(--position);text-decoration:none;white-space:pre;width:67.13pt">t included in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:218.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:278.29pt">calculation of diluted earnings per share, as the impact is antidilutive</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:363.79pt;position:var(--position);text-decoration:none;white-space:pre;width:40.97pt">. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:404.76pt;position:var(--position);text-decoration:none;white-space:pre;width:32.26pt">Note 12</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:437.02pt;position:var(--position);text-decoration:none;white-space:pre;width:116.35pt"> for further discussion of our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:229.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:71.02pt">convertible notes.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:259.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Other Balance Sheet Items</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:276.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:174.52pt">Accumulated Other Comprehensive Income</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:233.02pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:294.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:25.08pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:83.58pt;position:var(--position);text-decoration:none;white-space:pre;width:56.46pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:216.39pt">, total accumulated other comprehensive income was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:356.43pt;position:var(--position);text-decoration:none;white-space:pre;width:54.17pt">$11.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:410.6pt;position:var(--position);text-decoration:none;white-space:pre;width:57.52pt">, representing </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:468.12pt;position:var(--position);text-decoration:none;white-space:pre;width:59.17pt">$121.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:527.29pt;position:var(--position);text-decoration:none;white-space:pre;width:26.17pt"> of net</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:305.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:389.03pt">realized and unrealized gains related to changes in the fair value of derivative instruments and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:447.53pt;position:var(--position);text-decoration:none;white-space:pre;width:49.58pt">$0.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:497.11pt;position:var(--position);text-decoration:none;white-space:pre;width:56.38pt"> of unrealized</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:317.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:21.09pt">gains</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:79.59pt;position:var(--position);text-decoration:none;white-space:pre;width:473.9pt"> related to the changes in the fair value of derivative instruments held by unconsolidated entities, offset by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:328.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:59.66pt">$110.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.16pt;position:var(--position);text-decoration:none;white-space:pre;width:435.25pt"> of cumulative unrealized currency translation adjustments on assets and liabilities denominated in foreign</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:340.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.13pt">currencies. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:136.63pt;position:var(--position);text-decoration:none;white-space:pre;width:83.64pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:220.27pt;position:var(--position);text-decoration:none;white-space:pre;width:232pt">, total accumulated other comprehensive income was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:452.27pt;position:var(--position);text-decoration:none;white-space:pre;width:56.4pt">$12.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.67pt;position:var(--position);text-decoration:none;white-space:pre;width:44.72pt">, primarily</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:351.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:52.02pt">representing </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:110.52000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:53.99pt">$86.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:164.51pt;position:var(--position);text-decoration:none;white-space:pre;width:388.92pt"> of net realized and unrealized gains related to changes in the fair value of derivative instruments</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:363.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:39.07pt">offset by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:97.57pt;position:var(--position);text-decoration:none;white-space:pre;width:54.51pt">$73.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.07999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:401.28pt"> of cumulative unrealized currency translation adjustments on assets and liabilities denominated in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:374.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:86.09pt">foreign currencies an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:144.59pt;position:var(--position);text-decoration:none;white-space:pre;width:8.38pt">d </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.97pt;position:var(--position);text-decoration:none;white-space:pre;width:49.73pt">$0.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.7pt;position:var(--position);text-decoration:none;white-space:pre;width:350.76pt"> of unrealized losses related to the changes in the fair value of derivative instruments</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:386.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:126.52pt">held by unconsolidated entities.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:415.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:103.52pt">Non-Controlling Interests</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:162.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:433.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">The non-controlling interests included on our consolidated balance sheets represent the equity interests in our Multifamily</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:444.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">Joint Venture that are not owned by us. A portion of our Multifamily Joint Venture’s consolidated equity and results of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:456.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">operations are allocated to these non-controlling interests based on their pro rata ownership of our Multifamily Joint</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:467.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:62.85pt">Venture. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.35pt;position:var(--position);text-decoration:none;white-space:pre;width:56.64pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:177.99pt;position:var(--position);text-decoration:none;white-space:pre;width:204.46pt">, our Multifamily Joint Venture’s total equity was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:382.45pt;position:var(--position);text-decoration:none;white-space:pre;width:54.26pt">$20.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:436.71pt;position:var(--position);text-decoration:none;white-space:pre;width:43.98pt">, of which </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:480.69pt;position:var(--position);text-decoration:none;white-space:pre;width:54.26pt">$17.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:534.95pt;position:var(--position);text-decoration:none;white-space:pre;width:18.45pt"> was</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:479.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:74.11pt">owned by us, and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:132.61pt;position:var(--position);text-decoration:none;white-space:pre;width:49.26pt">$3.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:181.87pt;position:var(--position);text-decoration:none;white-space:pre;width:200.01pt"> was allocated to non-controlling interests. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:381.88pt;position:var(--position);text-decoration:none;white-space:pre;width:79.36pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:461.24pt;position:var(--position);text-decoration:none;white-space:pre;width:92.26pt">, our Multifamily Joint</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:490.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:109.09pt">Venture’s total equity was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:167.59pt;position:var(--position);text-decoration:none;white-space:pre;width:54.21pt">$36.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.8pt;position:var(--position);text-decoration:none;white-space:pre;width:43.83pt">, of which </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:265.63pt;position:var(--position);text-decoration:none;white-space:pre;width:54.21pt">$31.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:319.84pt;position:var(--position);text-decoration:none;white-space:pre;width:2.86pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.7pt;position:var(--position);text-decoration:none;white-space:pre;width:92.31pt">was owned by us, and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:415.01pt;position:var(--position);text-decoration:none;white-space:pre;width:49.21pt">$5.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:464.22pt;position:var(--position);text-decoration:none;white-space:pre;width:2.86pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:467.08pt;position:var(--position);text-decoration:none;white-space:pre;width:86.25pt">was allocated to non-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:502.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:82.12pt">controlling interests.</span></div> 500000000 400000000 100000000 0 0 0 0 150000000.0 212875 17.99 3800000 1794936 17.63 31600000 145800000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">The following table details the movement in our outstanding shares of class A common stock, including restricted class A</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:309.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:159.56pt">common stock and deferred stock units:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:218.06pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:321pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:339.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:339.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.49pt;width:339.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);width:152.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:152.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.38pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:339.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:339.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Common Stock Outstanding</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:99.88pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:14.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.12pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:14.25pt;width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.12pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:339.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:339.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Beginning balance</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:28.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.62pt;position:var(--position);text-decoration:none;white-space:pre">168,599,052</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:28.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.62pt;position:var(--position);text-decoration:none;white-space:pre">173,204,190</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:339.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:339.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Issuance of class A common stock</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:140.54999999999998pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:43.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:61.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:43.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:49.12pt;position:var(--position);text-decoration:none;white-space:pre">1,778</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:339.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:339.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Repurchase of class A common stock</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:58.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.46pt;position:var(--position);text-decoration:none;white-space:pre">(212,875)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:58.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.96pt;position:var(--position);text-decoration:none;white-space:pre">(1,794,936)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:73.5pt;width:339.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:339.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Issuance of restricted class A common stock, net</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:197.4pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)(4)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:73.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.12pt;position:var(--position);text-decoration:none;white-space:pre">497,443</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:73.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.12pt;position:var(--position);text-decoration:none;white-space:pre">482,004</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:339.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:339.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Issuance of deferred stock units</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:88.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.12pt;position:var(--position);text-decoration:none;white-space:pre">29,519</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:88.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.12pt;position:var(--position);text-decoration:none;white-space:pre">24,431</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:339.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:339.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Ending balance</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342.75pt;position:var(--position);top:103.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.62pt;position:var(--position);text-decoration:none;white-space:pre">168,913,139</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:103.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.62pt;position:var(--position);text-decoration:none;white-space:pre">171,917,467</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:444.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:454.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:37.1pt">Includes </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.6pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">369,548</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:155.1pt;position:var(--position);text-decoration:none;white-space:pre;width:20.93pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.03pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">323,877</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.53pt;position:var(--position);text-decoration:none;white-space:pre;width:287.47pt"> deferred stock units held by members of our board of directors as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:496pt;position:var(--position);text-decoration:none;white-space:pre;width:57.32pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:466pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:16.93pt">and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.43pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.43pt;position:var(--position);text-decoration:none;white-space:pre;width:55.75pt">, respectively.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.18pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:477.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:313.59pt">Represents shares issued under our dividend reinvestment program during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:399.09pt;position:var(--position);text-decoration:none;white-space:pre;width:69.95pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:469.04pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.54pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:527.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:8.33pt">In</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.83pt;position:var(--position);text-decoration:none;white-space:pre;width:28.12pt">cludes </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.95pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">32,985</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.45pt;position:var(--position);text-decoration:none;white-space:pre;width:19.63pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.07999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">29,140</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:196.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:345.16pt"> shares of restricted class A common stock issued to our board of directors during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.74pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">six</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:500.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:55.79pt">months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:141.29pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.79pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.61pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.04pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:239.04pt;position:var(--position);text-decoration:none;white-space:pre;width:55.75pt">, respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:512pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(4)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:7.22pt">N</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.72pt;position:var(--position);text-decoration:none;white-space:pre;width:21.09pt">et of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:113.81pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">26,145</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:141.31pt;position:var(--position);text-decoration:none;white-space:pre;width:19.99pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:161.3pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">29,008</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:188.8pt;position:var(--position);text-decoration:none;white-space:pre;width:27.75pt"> shares</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:216.55pt;position:var(--position);text-decoration:none;white-space:pre;width:336.87pt"> of restricted class A common stock forfeited under our stock-based incentive plans</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:523.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:43.3pt">during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:128.8pt;position:var(--position);text-decoration:none;white-space:pre;width:69.95pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:198.75pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:201.25pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:257.07pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.5pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:296.5pt;position:var(--position);text-decoration:none;white-space:pre;width:41.05pt">, respectiv</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:337.55pt;position:var(--position);text-decoration:none;white-space:pre;width:14.7pt">ely.</span></div> 168599052 173204190 0 1778 212875 1794936 497443 482004 29519 24431 168913139 171917467 369548 323877 32985 29140 26145 29008 10000000 16497 1778 9948628 7 699100000 0 0 480900000 0.47 79200000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:66.59pt">The following ta</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:125.09pt;position:var(--position);text-decoration:none;white-space:pre;width:285.21pt">ble details our dividend activity ($ in thousands, except per share data):</span><div style="position:var(--position);top:349.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:242.25pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:242.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);width:125.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:242.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Dividends declared per share of common stock</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">0.47<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">0.47<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.87pt"></span></span><span style="left:36.5pt;position:var(--position)">0.94</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.87pt"></span></span><span style="left:36.5pt;position:var(--position)">0.94</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Class A common stock dividends declared</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">79,215<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">80,649<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.87pt"></span></span><span style="left:21.5pt;position:var(--position)">158,498</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.87pt"></span></span><span style="left:21.5pt;position:var(--position)">161,293</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deferred stock unit dividends declared</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">165<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">147<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.12pt;position:var(--position);text-decoration:none;white-space:pre">324</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.12pt;position:var(--position);text-decoration:none;white-space:pre">340</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Total dividends declared</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">79,380<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">80,796<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.87pt"></span></span><span style="left:21.5pt;position:var(--position)">158,822</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.87pt"></span></span><span style="left:21.5pt;position:var(--position)">161,633</span></span></div></div></div></td></tr></tbody></table></div></div></div> 0.47 0.47 0.94 0.94 79215000 80649000 158498000 161293000 165000 147000 324000 340000 79380000 80796000 158822000 161633000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:15.53pt">The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:74.03pt;position:var(--position);text-decoration:none;white-space:pre;width:126.58pt"> following table sets forth the c</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.61pt;position:var(--position);text-decoration:none;white-space:pre;width:352.8pt">alculation of basic and diluted net income per share of class A common stock based on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">the weighted-average of both restricted and unrestricted class A common stock outstanding ($ in thousands, except per</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:46.31pt">share data):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:242.25pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:242.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.62pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);width:125.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:125.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.88pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Basic and Diluted Earnings</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:242.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:6.376pt;width:242.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre">Net (loss) income</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:81.66pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.21pt"></span></span><span style="left:25.84pt;position:var(--position)">(81,222)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">6,969<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.21pt"></span></span><span style="left:25.84pt;position:var(--position)">(87,519)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">6,612<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:242.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);top:-2.626pt;white-space:pre">Weighted-average shares outstanding, basic and diluted</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:233.13pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.12pt;position:var(--position);text-decoration:none;white-space:pre">168,964,515</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.12pt;position:var(--position);text-decoration:none;white-space:pre">171,893,905</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.12pt;position:var(--position);text-decoration:none;white-space:pre">169,021,130</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.12pt;position:var(--position);text-decoration:none;white-space:pre">171,949,090</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:242.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:242.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Per share amount, basic and diluted</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:242.25pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.21pt"></span></span><span style="left:35.84pt;position:var(--position)">(0.48)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">0.04<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.21pt"></span></span><span style="left:35.84pt;position:var(--position)">(0.52)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">0.04<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:185pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:5.25pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:195.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:46.33pt">Represents </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:131.82999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:68.81pt">net (loss) income</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.64pt;position:var(--position);text-decoration:none;white-space:pre;width:190.32pt"> attributable to Blackstone Mortgage Trust, Inc.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:206.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:53.85pt">For both the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:139.35pt;position:var(--position);text-decoration:none;white-space:pre;width:112.66pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.01pt;position:var(--position);text-decoration:none;white-space:pre;width:3.33pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.34pt;position:var(--position);text-decoration:none;white-space:pre;width:57.48pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:312.82pt;position:var(--position);text-decoration:none;white-space:pre;width:21.09pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:333.90999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:353.91pt;position:var(--position);text-decoration:none;white-space:pre;width:119.03pt">, our Convertible Notes were</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:472.94pt;position:var(--position);text-decoration:none;white-space:pre;width:3.33pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:476.27pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:486.27pt;position:var(--position);text-decoration:none;white-space:pre;width:67.13pt">t included in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:218.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:278.29pt">calculation of diluted earnings per share, as the impact is antidilutive</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:363.79pt;position:var(--position);text-decoration:none;white-space:pre;width:40.97pt">. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:404.76pt;position:var(--position);text-decoration:none;white-space:pre;width:32.26pt">Note 12</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:437.02pt;position:var(--position);text-decoration:none;white-space:pre;width:116.35pt"> for further discussion of our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:229.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:71.02pt">convertible notes.</span></div> -81222000 6969000 -87519000 6612000 168964515 168964515 171893905 171893905 169021130 169021130 171949090 171949090 -0.48 -0.48 0.04 0.04 -0.52 -0.52 0.04 0.04 0 0 0 0 11200000 121600000 300000 -110700000 12100000 86600000 -73600000 -800000 20300000 17300000 3000000.0 36500000 31000000.0 5500000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:none;white-space:pre">OTHER EXPENSES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:549.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">Our other expenses consist of the management and incentive fees we pay to our Manager and our general and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:560.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:98.2pt">administrative expenses.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:156.7pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:590.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Management and Incentive Fees</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:607.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:191.5pt">Pursuant to a management agreement between </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:250pt;position:var(--position);text-decoration:none;white-space:pre;width:303.47pt">our Manager and us, or our Management Agreement, our Manager earns a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:619.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:186.02pt">base management fee in an amount equal to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.52pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">1.50%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:270.35pt;position:var(--position);text-decoration:none;white-space:pre;width:283.04pt"> per annum multiplied by our Equity, as defined in the Management</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:630.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:430.14pt">Agreement. In addition, our Manager is entitled to an incentive fee in an amount equal to the product of (i) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:488.64pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">20%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:506.97pt;position:var(--position);text-decoration:none;white-space:pre;width:46.51pt"> and (ii) the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:642.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">excess of (a) our Core Earnings (as defined in our Management Agreement) for the previous 12-month period over (b) an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:653.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:70.65pt">amount equal to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:129.15pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">7.00%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:154.98000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:358.04pt"> per annum multiplied by our Equity, provided that our Core Earnings over the prior </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:513.02pt;position:var(--position);text-decoration:none;white-space:pre;width:19.96pt">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:532.98pt;position:var(--position);text-decoration:none;white-space:pre;width:20.52pt">-year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:665.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:88.95pt">period is greater than </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.45pt;position:var(--position);text-decoration:none;white-space:pre;width:17.19pt">zero</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:164.64pt;position:var(--position);text-decoration:none;white-space:pre;width:388.72pt">. Core Earnings, as defined in our Management Agreement, is generally equal to our GAAP net</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:676.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">income (loss), including realized gains and losses not otherwise recognized in current period GAAP net income (loss), and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:688.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">excluding (i) non-cash equity compensation expense, (ii) depreciation and amortization, (iii) unrealized gains (losses), (iv)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:699.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:468.01pt">net income (loss) attributable to our legacy portfolio, (v) certain non-cash items, and (vi) incentive management fees.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.2pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:107.7pt;position:var(--position);text-decoration:none;white-space:pre;width:116.7pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.4pt;position:var(--position);text-decoration:none;white-space:pre;width:4.34pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:228.74pt;position:var(--position);text-decoration:none;white-space:pre;width:59.5pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:288.24pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:290.74pt;position:var(--position);text-decoration:none;white-space:pre;width:53.62pt"> we incurred</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:344.36pt;position:var(--position);text-decoration:none;white-space:pre;width:4.34pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:348.7pt;position:var(--position);text-decoration:none;white-space:pre;width:55.69pt">$14.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:404.39pt;position:var(--position);text-decoration:none;white-space:pre;width:23.11pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.5pt;position:var(--position);text-decoration:none;white-space:pre;width:55.69pt">$29.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:483.19pt;position:var(--position);text-decoration:none;white-space:pre;width:70.26pt">, respectively, of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:238.81pt">management fees payable to our Manager compared with </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:297.31pt;position:var(--position);text-decoration:none;white-space:pre;width:54.71pt">$17.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:352.02pt;position:var(--position);text-decoration:none;white-space:pre;width:21.15pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.17pt;position:var(--position);text-decoration:none;white-space:pre;width:54.71pt">$34.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.88pt;position:var(--position);text-decoration:none;white-space:pre;width:125.51pt">, respectively, during the same</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:45.07pt">periods in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:103.57pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:123.57pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:126.07pt;position:var(--position);text-decoration:none;white-space:pre;width:3.94pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:130.01pt;position:var(--position);text-decoration:none;white-space:pre;width:48.4pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.41pt;position:var(--position);text-decoration:none;white-space:pre;width:115.1pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:293.51pt;position:var(--position);text-decoration:none;white-space:pre;width:3.94pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:297.45pt;position:var(--position);text-decoration:none;white-space:pre;width:58.7pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:356.15pt;position:var(--position);text-decoration:none;white-space:pre;width:22.31pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:378.46pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:398.46pt;position:var(--position);text-decoration:none;white-space:pre;width:18.09pt">, we</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:416.55pt;position:var(--position);text-decoration:none;white-space:pre;width:20.65pt"> did </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:437.2pt;position:var(--position);text-decoration:none;white-space:pre;width:12.77pt">not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:449.97pt;position:var(--position);text-decoration:none;white-space:pre;width:21.14pt"> incu</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.11pt;position:var(--position);text-decoration:none;white-space:pre;width:82.26pt">r any incentive fees</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:88.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:97.67pt">payable to our Manager.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:112pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:25.7pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.2pt;position:var(--position);text-decoration:none;white-space:pre;width:57.08pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:141.28pt;position:var(--position);text-decoration:none;white-space:pre;width:20.69pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:161.97pt;position:var(--position);text-decoration:none;white-space:pre;width:79.8pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.77pt;position:var(--position);text-decoration:none;white-space:pre;width:254.04pt">, we had accrued management fees payable to our Manager of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:495.81pt;position:var(--position);text-decoration:none;white-space:pre;width:3.13pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:498.94pt;position:var(--position);text-decoration:none;white-space:pre;width:54.48pt">$14.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:123.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:16.93pt">and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:75.43pt;position:var(--position);text-decoration:none;white-space:pre;width:53.85pt">$16.4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:129.28pt;position:var(--position);text-decoration:none;white-space:pre;width:55.75pt">, respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:153pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">General and Administrative Expenses</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:170.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:76.01pt">General and admin</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:134.51pt;position:var(--position);text-decoration:none;white-space:pre;width:246.98pt">istrative expenses consisted of the following ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:381.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:182pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:243pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:243pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.62pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:243pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Professional services</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">4,861<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">4,281<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">9,992<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">8,192<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating and other costs</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,382<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,942<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">5,545<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,730<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Subtotal</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">8,243<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">6,223<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">15,537<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">11,922<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-cash compensation expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Restricted class A common stock earned</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:85.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">6,476<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:85.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,131<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:85.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">12,965<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:85.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">13,923<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Director stock-based compensation</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:100.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">199<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:100.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">172<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:100.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">397<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:100.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">345<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:115.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Subtotal</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:115.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">6,675<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:115.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,303<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:115.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">13,362<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:115.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">14,268<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:130.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Total general and administrative expenses</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:130.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">14,918<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:130.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">13,526<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:130.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">28,899<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:130.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">26,190<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 0.0150 0.20 0.0700 P3Y 0 14600000 29500000 17000000.0 34300000 0 0 0 0 14600000 16400000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:76.01pt">General and admin</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:134.51pt;position:var(--position);text-decoration:none;white-space:pre;width:246.98pt">istrative expenses consisted of the following ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:381.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="position:var(--position);top:182pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:243pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:243pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.62pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:243pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Professional services</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">4,861<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">4,281<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">9,992<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">8,192<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating and other costs</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,382<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,942<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">5,545<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,730<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Subtotal</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">8,243<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">6,223<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">15,537<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">11,922<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-cash compensation expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Restricted class A common stock earned</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:85.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">6,476<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:85.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,131<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:85.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">12,965<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:85.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">13,923<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Director stock-based compensation</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:100.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">199<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:100.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">172<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:100.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">397<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:100.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">345<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:115.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Subtotal</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:115.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">6,675<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:115.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">7,303<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:115.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">13,362<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:115.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">14,268<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:130.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Total general and administrative expenses</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:130.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">14,918<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:130.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">13,526<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:130.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">28,899<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:130.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:29.169999999999998pt;position:var(--position)">26,190<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 4861000 4281000 9992000 8192000 3382000 1942000 5545000 3730000 8243000 6223000 15537000 11922000 6476000 7131000 12965000 13923000 199000 172000 397000 345000 6675000 7303000 13362000 14268000 14918000 13526000 28899000 26190000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:none;white-space:pre">INCOME TAXES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:368pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">We have elected to be taxed as a REIT under the Internal Revenue Code for U.S. federal income tax purposes. We</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:379.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">generally must distribute annually at least 90% of our net taxable income, subject to certain adjustments and excluding any</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:391pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">net capital gain, in order for U.S. federal income tax not to apply to our earnings. To the extent that we satisfy this</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:402.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">distribution requirement, but distribute less than 100% of our net taxable income, we will be subject to U.S. federal income</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:414pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">tax on our undistributed taxable income. In addition, we will be subject to a 4% nondeductible excise tax if the actual</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:425.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">amount that we pay out to our stockholders in a calendar year is less than a minimum amount specified under U.S. federal</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:437pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:35.51pt">tax laws.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:460.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">Our qualification as a REIT also depends on our ability to meet various other requirements imposed by the Internal</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:472pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">Revenue Code, which relate to organizational structure, diversity of stock ownership, and certain restrictions with regard to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:483.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.78pt">the nature of our assets and the sources of our income. Even if we qualify as a REIT, we may be subject to certain U.S.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.28pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:495pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.81pt">federal income and excise taxes and state and local taxes on our income and assets. If we fail to maintain our qualification</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:506.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.8pt">as a REIT for any taxable year, we may be subject to material penalties as well as federal, state, and local income tax on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:518pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">our taxable income at regular corporate rates and we would not be able to qualify as a REIT for the subsequent four full</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:529.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:54.91pt">taxable years.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:113.41pt;position:var(--position);text-decoration:none;white-space:pre;width:26.94pt"> As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.35pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:196.17pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.6pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:294.14pt;position:var(--position);text-decoration:none;white-space:pre;width:211.93pt">, we were in compliance with all REIT requirements.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:506.07pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:553pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">Securitization transactions could result in the creation of taxable mortgage pools for federal income tax purposes. As a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:564.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">REIT, so long as we own 100% of the equity interests in a taxable mortgage pool, we generally would not be adversely</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">affected by the characterization of the securitization as a taxable mortgage pool. Certain categories of stockholders,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:587.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">however, such as foreign stockholders eligible for treaty or other benefits, stockholders with net operating losses, and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:599pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">certain tax-exempt stockholders that are subject to unrelated business income tax, or UBTI, could be subject to increased</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:610.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">taxes on a portion of their dividend income from us that is attributable to the taxable mortgage pool. We have not made</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:622pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:451.84pt">UBTI distributions to our common stockholders and do not intend to make such UBTI distributions in the future.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:510.34pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:645.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:47.92pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.42pt;position:var(--position);text-decoration:none;white-space:pre;width:114.14pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:220.56pt;position:var(--position);text-decoration:none;white-space:pre;width:3.7pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.26pt;position:var(--position);text-decoration:none;white-space:pre;width:58.22pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:282.48pt;position:var(--position);text-decoration:none;white-space:pre;width:202.81pt">, we recorded a current income tax provision of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:485.29pt;position:var(--position);text-decoration:none;white-space:pre;width:50.05pt">$2.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:535.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:18.13pt"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:657pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.22pt">$3.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:107.72pt;position:var(--position);text-decoration:none;white-space:pre;width:5.37pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:113.09pt;position:var(--position);text-decoration:none;white-space:pre;width:116.51pt">respectively, compared with </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:229.6pt;position:var(--position);text-decoration:none;white-space:pre;width:49.22pt">$0.9 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:278.82pt;position:var(--position);text-decoration:none;white-space:pre;width:20.17pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:298.99pt;position:var(--position);text-decoration:none;white-space:pre;width:49.22pt">$1.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:348.21pt;position:var(--position);text-decoration:none;white-space:pre;width:169.91pt">, respectively, during the same periods of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:518.12pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:538.12pt;position:var(--position);text-decoration:none;white-space:pre;width:15.34pt">, all</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:668.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">of which primarily related to activities of our U.S. and foreign taxable subsidiaries and various state and local taxes. We</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:680pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:15.27pt">did </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:73.77pt;position:var(--position);text-decoration:none;white-space:pre;width:12.77pt">not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:86.53999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:189.19pt"> have any deferred tax assets or liabilities as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:275.73pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:331.55pt;position:var(--position);text-decoration:none;white-space:pre;width:13.33pt"> or </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:344.88pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:423.42pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:703.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">We have net operating losses, or NOLs, generated by our predecessor business that may be carried forward and utilized in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:715pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:235.43pt">current or future periods. As a result of our issuance of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:293.93pt;position:var(--position);text-decoration:none;white-space:pre;width:45pt">25,875,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.93pt;position:var(--position);text-decoration:none;white-space:pre;width:198.51pt"> shares of class A common stock in May 2013,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:537.44pt;position:var(--position);text-decoration:none;white-space:pre;width:3.77pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.21pt;position:var(--position);text-decoration:none;white-space:pre;width:12.2pt">the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:726.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:191.27pt">availability of our NOLs is generally limited to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:249.77pt;position:var(--position);text-decoration:none;white-space:pre;width:48.9pt">$2.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:298.66999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:45.06pt"> per annum</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:343.73pt;position:var(--position);text-decoration:none;white-space:pre;width:209.67pt"> by change of control provisions promulgated by the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:398.4pt">Internal Revenue Service with respect to the ownership of Blackstone Mortgage Trust. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:456.9pt;position:var(--position);text-decoration:none;white-space:pre;width:59.42pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:37.18pt">, we had</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.76pt">estimated NOLs of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.26pt;position:var(--position);text-decoration:none;white-space:pre;width:58.93pt">$159.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:196.19pt;position:var(--position);text-decoration:none;white-space:pre;width:2.58pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:198.77pt;position:var(--position);text-decoration:none;white-space:pre;width:73.55pt">that will expire in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:272.32pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2029</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:292.32pt;position:var(--position);text-decoration:none;white-space:pre;width:261.18pt">, unless they are utilized by us prior to expiration. Previously, we</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">recorded a full valuation allowance against such NOLs as we expected that they would expire unutilized. However,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:88.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">although uncertain, we may utilize a portion of NOLs prior to expiration. We do not expect the utilization of NOLs to have</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:100pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">a material impact on our consolidated financial statements. We have recorded a full valuation allowance against such NOLs</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:111.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:190.58pt">as it is probable that they will expire unutilized.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:24.44pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:82.94pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:138.76pt;position:var(--position);text-decoration:none;white-space:pre;width:40.78pt">, tax years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:179.54000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2022</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.04pt;position:var(--position);text-decoration:none;white-space:pre;width:36.1pt"> through </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:238.14pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:258.14pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:260.64pt;position:var(--position);text-decoration:none;white-space:pre;width:207.79pt">remain subject to examination by taxing authorities.</span> 2500000 3700000 900000 1600000 25875000 2000000.0 159000000.0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:none;white-space:pre">STOCK-BASED INCENTIVE PLANS</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:182pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:419.26pt">We are externally managed by our Manager and do not currently have any employees. However, as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.76pt;position:var(--position);text-decoration:none;white-space:pre;width:56.8pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:534.56pt;position:var(--position);text-decoration:none;white-space:pre;width:18.82pt">, our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:193.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">Manager, certain individuals employed by an affiliate of our Manager, and certain members of our board of directors were</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:205pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:283.34pt">compensated, in part, through our issuance of stock-based instruments.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.84pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:228.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:43.59pt">Under our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.09pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:117.08pt;position:var(--position);text-decoration:none;white-space:pre;width:183.96pt"> current stock incentive plans, a maximum of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:301.03999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:45pt">10,400,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.04pt;position:var(--position);text-decoration:none;white-space:pre;width:207.33pt"> shares of our class A common stock may be issued</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:240pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:412.67pt">to our Manager, our directors and officers, and certain employees of affiliates of our Manager. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.17pt;position:var(--position);text-decoration:none;white-space:pre;width:56.84pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:528.01pt;position:var(--position);text-decoration:none;white-space:pre;width:25.47pt">, there</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:251.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:21.91pt">were </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:80.41pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">4,548,925</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.41pt;position:var(--position);text-decoration:none;white-space:pre;width:226.66pt"> shares available under our current stock incentive plans.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:347.07pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:275pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">The following table details the movement in our outstanding shares of restricted class A common stock and the weighted-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:286.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:155.31pt">average grant date fair value per share:</span></div><div style="position:var(--position);top:298pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:352.5pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:29.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:352.5pt"><div><div style="line-height:8pt;position:var(--position);top:20.49pt;width:352.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.35pt;position:var(--position);text-decoration:none;white-space:pre">Restricted Class A</span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.56pt;position:var(--position);text-decoration:none;white-space:pre"> Common Stock </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.62pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.9pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-Average</span></div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.12pt;position:var(--position);text-decoration:none;white-space:pre"> Grant Date Fair</span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.9pt;position:var(--position);text-decoration:none;white-space:pre"> Value Per Share</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:352.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:352.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.93pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:29.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.12pt;position:var(--position);text-decoration:none;white-space:pre">2,174,931</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:29.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:35.54pt"></span></span><span style="left:43.17pt;position:var(--position)">20.14<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:44.25pt;width:352.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:352.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:44.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:34.62pt;position:var(--position);text-decoration:none;white-space:pre">523,588</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:44.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.62pt;position:var(--position);text-decoration:none;white-space:pre">19.35</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:352.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:352.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:59.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.96pt;position:var(--position);text-decoration:none;white-space:pre">(670,742)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:59.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.62pt;position:var(--position);text-decoration:none;white-space:pre">20.31</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:352.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:352.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:74.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.96pt;position:var(--position);text-decoration:none;white-space:pre">(26,145)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:74.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.62pt;position:var(--position);text-decoration:none;white-space:pre">19.47</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:352.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:352.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.93pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:89.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.12pt;position:var(--position);text-decoration:none;white-space:pre">2,001,632</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:89.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:35.54pt"></span></span><span style="left:43.17pt;position:var(--position)">19.89<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:419.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:253.75pt">These shares generally vest in installments over a period of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:312.25pt;position:var(--position);text-decoration:none;white-space:pre;width:45pt">three years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:357.25pt;position:var(--position);text-decoration:none;white-space:pre;width:196.18pt">, pursuant to the terms of the respective award</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:430.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:278.13pt">agreements and the terms of our current stock incentive plans. The </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.63pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">2,001,632</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:376.63pt;position:var(--position);text-decoration:none;white-space:pre;width:176.73pt"> shares of restricted class A common stock</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:442.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:73.12pt">outstanding as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:131.62pt;position:var(--position);text-decoration:none;white-space:pre;width:57.38pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189pt;position:var(--position);text-decoration:none;white-space:pre;width:89.09pt"> will vest as follows: </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:278.09000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">670,126</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:310.59000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:80.76pt"> shares will vest in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.35pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:411.35pt;position:var(--position);text-decoration:none;white-space:pre;width:6.05pt">; </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:417.4pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">869,012</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:449.9pt;position:var(--position);text-decoration:none;white-space:pre;width:80.76pt"> shares will vest in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:530.6600000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2027</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.6600000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">;</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:18.4pt">and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.9pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">462,494</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:109.4pt;position:var(--position);text-decoration:none;white-space:pre;width:84.21pt"> shares will vest in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:193.61pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2028</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:213.61pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:216.11pt;position:var(--position);text-decoration:none;white-space:pre;width:3.97pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:220.08pt;position:var(--position);text-decoration:none;white-space:pre;width:27.38pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:247.46pt;position:var(--position);text-decoration:none;white-space:pre;width:58.76pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:306.22pt;position:var(--position);text-decoration:none;white-space:pre;width:247.22pt">, total unrecognized compensation cost relating to unvested</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:465.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:182.6pt">share-based compensation arrangements was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.1pt;position:var(--position);text-decoration:none;white-space:pre;width:54pt">$38.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:295.1pt;position:var(--position);text-decoration:none;white-space:pre;width:258.32pt"> based on the grant date fair value of shares granted. This cost is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:476.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:246.06pt">expected to be recognized over a weighted-average period of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:304.56pt;position:var(--position);text-decoration:none;white-space:pre;width:36.08pt">1.1 years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:340.64pt;position:var(--position);text-decoration:none;white-space:pre;width:24.43pt"> from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.07pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:420.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div> 2 10400000 4548925 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">The following table details the movement in our outstanding shares of restricted class A common stock and the weighted-</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:286.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:155.31pt">average grant date fair value per share:</span></div><div style="position:var(--position);top:298pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:352.5pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:29.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:352.5pt"><div><div style="line-height:8pt;position:var(--position);top:20.49pt;width:352.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.35pt;position:var(--position);text-decoration:none;white-space:pre">Restricted Class A</span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.56pt;position:var(--position);text-decoration:none;white-space:pre"> Common Stock </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.62pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.9pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-Average</span></div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.12pt;position:var(--position);text-decoration:none;white-space:pre"> Grant Date Fair</span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.9pt;position:var(--position);text-decoration:none;white-space:pre"> Value Per Share</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:352.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:352.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.93pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:29.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.12pt;position:var(--position);text-decoration:none;white-space:pre">2,174,931</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:29.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:35.54pt"></span></span><span style="left:43.17pt;position:var(--position)">20.14<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:44.25pt;width:352.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:352.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:44.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:34.62pt;position:var(--position);text-decoration:none;white-space:pre">523,588</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:44.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.62pt;position:var(--position);text-decoration:none;white-space:pre">19.35</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:352.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:352.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:59.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.96pt;position:var(--position);text-decoration:none;white-space:pre">(670,742)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:59.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.62pt;position:var(--position);text-decoration:none;white-space:pre">20.31</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:352.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:352.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:74.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.96pt;position:var(--position);text-decoration:none;white-space:pre">(26,145)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:74.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.62pt;position:var(--position);text-decoration:none;white-space:pre">19.47</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:352.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:352.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.93pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:89.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.12pt;position:var(--position);text-decoration:none;white-space:pre">2,001,632</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:89.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:35.54pt"></span></span><span style="left:43.17pt;position:var(--position)">19.89<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 2174931 20.14 523588 19.35 670742 20.31 26145 19.47 2001632 19.89 P3Y 2001632 670126 869012 462494 38300000 P1Y1M6D <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Assets and Liabilities Measured at Fair Value</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:89pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:468.88pt">The following table summarizes our assets and liabilities measured at fair value on a recurring basis ($ in thousands):</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:100.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="position:var(--position);top:114.3pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:492.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:99.75pt"></td><td style="padding:0;width:46.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:46.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:46.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:46.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:46.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:46.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:46.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:46.5pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:99.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="7" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:99.75pt;position:var(--position);width:195pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:195pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:74.28pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);width:195pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:195pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:65.19pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:99.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:99.75pt;position:var(--position);top:12.75pt;width:46.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.92pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:12.75pt;width:46.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.92pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:198.75pt;position:var(--position);top:12.75pt;width:46.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.92pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:248.25pt;position:var(--position);top:12.75pt;width:46.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.14pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:12.75pt;width:46.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.92pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:12.75pt;width:46.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.92pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:12.75pt;width:46.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.92pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:446.25pt;position:var(--position);top:12.75pt;width:46.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.14pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:99.75pt;position:var(--position);top:25.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:25.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:198.75pt;position:var(--position);top:25.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:248.25pt;position:var(--position);top:25.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:25.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:25.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:25.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:446.25pt;position:var(--position);top:25.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Derivatives</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:99.75pt;position:var(--position);top:40.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:40.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">47,908<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:198.75pt;position:var(--position);top:40.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:248.25pt;position:var(--position);top:40.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">47,908<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:40.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:40.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">10,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:40.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:446.25pt;position:var(--position);top:40.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">10,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Debt securities</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:99.75pt;position:var(--position);top:55.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:55.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:198.75pt;position:var(--position);top:55.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">66,310<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:248.25pt;position:var(--position);top:55.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">66,310<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:55.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:55.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:55.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:446.25pt;position:var(--position);top:55.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.13pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:99.75pt;position:var(--position);top:70.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:70.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">47,908<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:198.75pt;position:var(--position);top:70.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">66,310<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:248.25pt;position:var(--position);top:70.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:2.29pt"></span></span><span style="left:9.92pt;position:var(--position)">114,218<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:70.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:70.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">10,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:70.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:446.25pt;position:var(--position);top:70.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">10,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Derivatives</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:99.75pt;position:var(--position);top:100.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:100.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">10,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:198.75pt;position:var(--position);top:100.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:248.25pt;position:var(--position);top:100.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">10,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:100.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:100.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">26,596<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:100.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:446.25pt;position:var(--position);top:100.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">26,596<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:246.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:82.01pt">This table excludes </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.51pt;position:var(--position);text-decoration:none;white-space:pre;width:59.65pt">$136.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.16pt;position:var(--position);text-decoration:none;white-space:pre;width:21.03pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.19pt;position:var(--position);text-decoration:none;white-space:pre;width:59.65pt">$111.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:280.84000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:272.64pt"> of investments in unconsolidated entities that are measured at fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:419.72pt">value using net asset value as a practical expedient and not classified in the fair value hierarchy as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:478.22pt;position:var(--position);text-decoration:none;white-space:pre;width:57.4pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:535.62pt;position:var(--position);text-decoration:none;white-space:pre;width:17.72pt"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:269.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:93.2pt">, respectively. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.24pt;position:var(--position);text-decoration:none;white-space:pre;width:26.92pt">Note 5</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:257.15999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:96.02pt"> for further information.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:353.18pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:293.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:34.95pt">Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.45pt;position:var(--position);text-decoration:none;white-space:pre;width:26.92pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.37pt;position:var(--position);text-decoration:none;white-space:pre;width:227.52pt"> for further discussion regarding fair value measurement.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:347.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:322.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:153.77pt">Fair Value of Financial Instruments</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:212.27pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:340.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:67.83pt">As discussed in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:126.33pt;position:var(--position);text-decoration:none;white-space:pre;width:27.97pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:154.3pt;position:var(--position);text-decoration:none;white-space:pre;width:399.08pt">, GAAP requires disclosure of fair value information about financial instruments, whether or not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:351.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:439.9pt">recognized at fair value in the statement of financial position, for which it is practicable to estimate that value.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:498.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:375.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.04pt">The following table details the book value, face amount, and fair value of the financial instruments described in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:525.54pt;position:var(--position);text-decoration:none;white-space:pre;width:27.96pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:12.5pt">    </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:386.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:67.18pt">($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:125.68pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:410.3pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:151.5pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:151.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);width:170.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:170.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:61.91pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:170.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:170.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:52.81pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:151.5pt"><div><div style="line-height:8pt;position:var(--position);top:12.24pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.49pt;position:var(--position);text-decoration:none;white-space:pre">Book</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.38pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.38pt;position:var(--position);text-decoration:none;white-space:pre">Face</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.39pt;position:var(--position);text-decoration:none;white-space:pre"> Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.05pt;position:var(--position);text-decoration:none;white-space:pre">Fair</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.38pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.49pt;position:var(--position);text-decoration:none;white-space:pre">Book</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.38pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.38pt;position:var(--position);text-decoration:none;white-space:pre">Face</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.39pt;position:var(--position);text-decoration:none;white-space:pre"> Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.05pt;position:var(--position);text-decoration:none;white-space:pre">Fair</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.38pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:underline;white-space:pre">Financial assets</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:33.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:33.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:33.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:33.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:33.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:33.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">432,833<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">432,833<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">432,833<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">452,526<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">452,526<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">452,526<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">16,936,895<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">17,409,208<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">16,912,904<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">17,784,694<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">18,154,768<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">17,856,303<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:underline;white-space:pre">Financial liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);text-decoration:none;white-space:pre">Secured debt, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">8,708,944<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">8,717,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">8,648,332<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">10,117,292<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">10,125,839<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">10,029,890<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:151.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);top:-2.626pt;white-space:pre">Other secured debt</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:93.46pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">38,386<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">38,386<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">38,386<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">39,475<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">39,475<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">39,475<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);text-decoration:none;white-space:pre">Securitized debt obligations, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:123.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">2,732,964<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:123.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">2,750,810<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:123.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">2,743,355<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:123.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">2,139,719<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:123.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">2,149,496<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:123.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">2,132,667<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);text-decoration:none;white-space:pre">Asset-specific debt, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">971,305<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">972,635<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">972,635<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">997,746<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">999,810<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">996,308<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:153.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);text-decoration:none;white-space:pre">Secured term loans, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:153.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,878,562<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:153.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,915,033<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:153.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,906,096<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:153.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,808,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:153.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,847,726<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:153.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,850,327<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:168.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);text-decoration:none;white-space:pre">Senior secured notes, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:168.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,217,499<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:168.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,235,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:168.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,232,033<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:168.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">784,876<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:168.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">785,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:168.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">810,608<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:183.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);text-decoration:none;white-space:pre">Convertible notes, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:183.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">265,310<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:183.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">266,157<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:183.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">265,508<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:183.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">264,745<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:183.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">266,157<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:183.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">264,286<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:614.05pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:624.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:288.8pt">Included within other liabilities on our consolidated balance sheets. See </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:374.3pt;position:var(--position);text-decoration:none;white-space:pre;width:26.92pt">Note 6</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:401.22pt;position:var(--position);text-decoration:none;white-space:pre;width:96.02pt"> for further information.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:647.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">Estimates of fair value for cash and cash equivalents and convertible notes are measured using observable, quoted market</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:659.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">prices, or Level 1 inputs. Estimates of fair value for securitized debt obligations, the Term Loans, and the Senior Secured</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:670.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">Notes are measured using observable, quoted market prices, in inactive markets, or Level 2 inputs. All other fair value</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:682.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:339.18pt">significant estimates are measured using unobservable inputs, or Level 3 inputs. See </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.68pt;position:var(--position);text-decoration:none;white-space:pre;width:26.93pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:424.61pt;position:var(--position);text-decoration:none;white-space:pre;width:128.82pt"> for further discussion regarding</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:693.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:245.76pt">fair value measurement of certain of our assets and liabilities.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:468.88pt">The following table summarizes our assets and liabilities measured at fair value on a recurring basis ($ in thousands):</span><div style="font-size:12pt;line-height:12pt;position:var(--position);top:100.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="position:var(--position);top:114.3pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:492.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:99.75pt"></td><td style="padding:0;width:46.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:46.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:46.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:46.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:46.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:46.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:46.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:46.5pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:99.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="7" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:99.75pt;position:var(--position);width:195pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:195pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:74.28pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);width:195pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:195pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:65.19pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:99.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:99.75pt;position:var(--position);top:12.75pt;width:46.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.92pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:12.75pt;width:46.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.92pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:198.75pt;position:var(--position);top:12.75pt;width:46.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.92pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:248.25pt;position:var(--position);top:12.75pt;width:46.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.14pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:12.75pt;width:46.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.92pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:12.75pt;width:46.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.92pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:12.75pt;width:46.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.92pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:446.25pt;position:var(--position);top:12.75pt;width:46.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.14pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:99.75pt;position:var(--position);top:25.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:25.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:198.75pt;position:var(--position);top:25.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:248.25pt;position:var(--position);top:25.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:25.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:25.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:25.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:446.25pt;position:var(--position);top:25.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Derivatives</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:99.75pt;position:var(--position);top:40.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:40.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">47,908<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:198.75pt;position:var(--position);top:40.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:248.25pt;position:var(--position);top:40.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">47,908<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:40.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:40.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">10,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:40.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:446.25pt;position:var(--position);top:40.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">10,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Debt securities</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:99.75pt;position:var(--position);top:55.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:55.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:198.75pt;position:var(--position);top:55.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">66,310<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:248.25pt;position:var(--position);top:55.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">66,310<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:55.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:55.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:55.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:446.25pt;position:var(--position);top:55.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.13pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:99.75pt;position:var(--position);top:70.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:70.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">47,908<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:198.75pt;position:var(--position);top:70.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">66,310<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:248.25pt;position:var(--position);top:70.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:2.29pt"></span></span><span style="left:9.92pt;position:var(--position)">114,218<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:70.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:70.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">10,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:70.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:446.25pt;position:var(--position);top:70.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">10,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Derivatives</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:99.75pt;position:var(--position);top:100.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:100.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">10,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:198.75pt;position:var(--position);top:100.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:248.25pt;position:var(--position);top:100.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">10,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:297.75pt;position:var(--position);top:100.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:100.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">26,596<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:396.75pt;position:var(--position);top:100.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:446.25pt;position:var(--position);top:100.5pt;width:46.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:46.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:14.919999999999998pt;position:var(--position)">26,596<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 0 47908000 0 47908000 0 10492000 0 10492000 0 0 66310000 66310000 0 0 0 0 0 47908000 66310000 114218000 0 10492000 0 10492000 0 10351000 0 10351000 0 26596000 0 26596000 136200000 111000000.0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.04pt">The following table details the book value, face amount, and fair value of the financial instruments described in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:525.54pt;position:var(--position);text-decoration:none;white-space:pre;width:27.96pt">Note 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:12.5pt">    </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:386.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:67.18pt">($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:125.68pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:410.3pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:151.5pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:151.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);width:170.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:170.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:61.91pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:170.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:170.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:52.81pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:21pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:151.5pt"><div><div style="line-height:8pt;position:var(--position);top:12.24pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.49pt;position:var(--position);text-decoration:none;white-space:pre">Book</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.38pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.38pt;position:var(--position);text-decoration:none;white-space:pre">Face</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.39pt;position:var(--position);text-decoration:none;white-space:pre"> Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.05pt;position:var(--position);text-decoration:none;white-space:pre">Fair</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.38pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.49pt;position:var(--position);text-decoration:none;white-space:pre">Book</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.38pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.38pt;position:var(--position);text-decoration:none;white-space:pre">Face</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.39pt;position:var(--position);text-decoration:none;white-space:pre"> Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.05pt;position:var(--position);text-decoration:none;white-space:pre">Fair</span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.38pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:underline;white-space:pre">Financial assets</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:33.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:33.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:33.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:33.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:33.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:33.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">432,833<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">432,833<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">432,833<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">452,526<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">452,526<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:48.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">452,526<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">16,936,895<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">17,409,208<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">16,912,904<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">17,784,694<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">18,154,768<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">17,856,303<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:underline;white-space:pre">Financial liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);text-decoration:none;white-space:pre">Secured debt, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">8,708,944<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">8,717,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">8,648,332<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">10,117,292<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">10,125,839<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:3.04pt"></span></span><span style="left:5.67pt;position:var(--position)">10,029,890<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:6.376pt;width:151.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);top:-2.626pt;white-space:pre">Other secured debt</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:93.46pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">38,386<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">38,386<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">38,386<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">39,475<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">39,475<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:108.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">39,475<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);text-decoration:none;white-space:pre">Securitized debt obligations, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:123.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">2,732,964<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:123.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">2,750,810<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:123.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">2,743,355<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:123.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">2,139,719<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:123.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">2,149,496<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:123.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">2,132,667<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);text-decoration:none;white-space:pre">Asset-specific debt, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">971,305<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">972,635<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">972,635<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">997,746<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">999,810<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">996,308<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:153.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);text-decoration:none;white-space:pre">Secured term loans, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:153.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,878,562<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:153.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,915,033<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:153.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,906,096<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:153.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,808,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:153.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,847,726<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:153.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,850,327<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:168.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);text-decoration:none;white-space:pre">Senior secured notes, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:168.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,217,499<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:168.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,235,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:168.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.04pt"></span></span><span style="left:10.669999999999998pt;position:var(--position)">1,232,033<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:168.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">784,876<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:168.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">785,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:168.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">810,608<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:183.75pt;width:151.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:151.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18pt;position:var(--position);text-decoration:none;white-space:pre">Convertible notes, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:151.5pt;position:var(--position);top:183.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">265,310<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:209.25pt;position:var(--position);top:183.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">266,157<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:183.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">265,508<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:183.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">264,745<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:183.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">266,157<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:183.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">264,286<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:614.05pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:3pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:624.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:288.8pt">Included within other liabilities on our consolidated balance sheets. See </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:374.3pt;position:var(--position);text-decoration:none;white-space:pre;width:26.92pt">Note 6</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:401.22pt;position:var(--position);text-decoration:none;white-space:pre;width:96.02pt"> for further information.</span></div> 432833000 432833000 432833000 452526000 452526000 452526000 16936895000 17409208000 16912904000 17784694000 18154768000 17856303000 8708944000 8717351000 8648332000 10117292000 10125839000 10029890000 38386000 38386000 38386000 39475000 39475000 39475000 2732964000 2750810000 2743355000 2139719000 2149496000 2132667000 971305000 972635000 972635000 997746000 999810000 996308000 1878562000 1915033000 1906096000 1808000000 1847726000 1850327000 1217499000 1235316000 1232033000 784876000 785316000 810608000 265310000 266157000 265508000 264745000 266157000 264286000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:none;white-space:pre">VARIABLE INTEREST ENTITIES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:278.04pt">We have financed a portion of our loans through the CLOs and the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.54pt;position:var(--position);text-decoration:none;white-space:pre;width:120.6pt">European Loan Securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:457.14pt;position:var(--position);text-decoration:none;white-space:pre;width:96.25pt">, all of which are VIEs.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:340.75pt">We are the primary beneficiary of, and therefore consolidate, the CLOs and the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:399.25pt;position:var(--position);text-decoration:none;white-space:pre;width:122.58pt">European Loan Securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:521.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:31.63pt"> on our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:297.42pt">balance sheet as we (i) control the relevant interests of the CLOs and the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:355.92pt;position:var(--position);text-decoration:none;white-space:pre;width:120pt">European Loan Securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:475.92pt;position:var(--position);text-decoration:none;white-space:pre;width:77.48pt"> that give us power</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:281.96pt">to direct the activities that most significantly affect the CLOs and the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:340.46pt;position:var(--position);text-decoration:none;white-space:pre;width:119.86pt">European Loan Securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:460.32pt;position:var(--position);text-decoration:none;white-space:pre;width:93.01pt">, and (ii) have the right</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:317.34pt">to receive benefits and obligation to absorb losses of the CLOs and the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:375.84pt;position:var(--position);text-decoration:none;white-space:pre;width:124.26pt">European Loan Securitization</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:500.1pt;position:var(--position);text-decoration:none;white-space:pre;width:53.28pt"> through the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:129pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:118.77pt">subordinate interests we own.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:177.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:152.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:110.74pt">During 2025, we modified </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.24pt;position:var(--position);text-decoration:none;white-space:pre;width:19.96pt">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.2pt;position:var(--position);text-decoration:none;white-space:pre;width:364.22pt"> loans that included, among other changes, control over decision making at the respective</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:164pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:88.48pt">properties. Similarly, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.98000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:49.28pt">during 2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:196.26pt;position:var(--position);text-decoration:none;white-space:pre;width:59.76pt">, we modified </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:256.02pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.01pt;position:var(--position);text-decoration:none;white-space:pre;width:39.09pt"> other loa</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:310.1pt;position:var(--position);text-decoration:none;white-space:pre;width:12.07pt">ns </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.17pt;position:var(--position);text-decoration:none;white-space:pre;width:182.76pt">that included, among other changes, an equit</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:504.93pt;position:var(--position);text-decoration:none;white-space:pre;width:48.52pt">y interest in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:175.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:212.06pt">and/or control over decision-making at the property.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:270.56pt;position:var(--position);text-decoration:none;white-space:pre;width:282.87pt"> As a result of these modifications, our investments in these loans are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:187pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.99pt">VIEs. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:110.49000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:57.16pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:167.65pt;position:var(--position);text-decoration:none;white-space:pre;width:385.83pt">, we are the primary beneficiary of, and therefore consolidated the assets of these VIEs on our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:198.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">balance sheet as we (i) have the power to direct the activities that most significantly affect the property, and (ii) have the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:210pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:187.53pt">right to receive excess sale proceeds upon exit.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:257pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:376.79pt">The following table details the assets and liabilities of our consolidated VIEs ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:435.29pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:268.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="position:var(--position);top:282.3pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:336.75pt"></td><td style="padding:0;width:81pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:73.5pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:336.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);width:81pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.28pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);width:73.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.44pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:27.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.79pt"></span></span><span style="left:49.42pt;position:var(--position)">48,974<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:27.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.29pt"></span></span><span style="left:41.92pt;position:var(--position)">58,663<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:42.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.29pt"></span></span><span style="left:36.92pt;position:var(--position)">3,194,645<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:42.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.79pt"></span></span><span style="left:29.419999999999998pt;position:var(--position)">2,422,505<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Current expected credit loss reserve</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:57.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.46pt"></span></span><span style="left:46.09pt;position:var(--position)">(92,867)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:57.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">(23,609)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:72.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.29pt"></span></span><span style="left:36.92pt;position:var(--position)">3,101,778<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:72.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.79pt"></span></span><span style="left:29.419999999999998pt;position:var(--position)">2,398,896<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Owned real estate, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:87.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.79pt"></span></span><span style="left:44.42pt;position:var(--position)">602,877<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:87.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.29pt"></span></span><span style="left:36.92pt;position:var(--position)">603,130<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Other assets</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:102.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.79pt"></span></span><span style="left:44.42pt;position:var(--position)">140,395<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:102.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.29pt"></span></span><span style="left:36.92pt;position:var(--position)">196,840<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Total assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:117.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:36.92pt;position:var(--position)">3,894,024<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:117.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.79pt"></span></span><span style="left:29.419999999999998pt;position:var(--position)">3,257,529<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Securitized debt obligations, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:147.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:36.92pt;position:var(--position)">2,732,964<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:147.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.79pt"></span></span><span style="left:29.419999999999998pt;position:var(--position)">2,139,719<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Other liabilities</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:162.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.79pt"></span></span><span style="left:49.42pt;position:var(--position)">54,697<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:162.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.29pt"></span></span><span style="left:41.92pt;position:var(--position)">47,645<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Total liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:177.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:36.92pt;position:var(--position)">2,787,661<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:177.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.79pt"></span></span><span style="left:29.419999999999998pt;position:var(--position)">2,187,364<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:492.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">Assets held by these VIEs are restricted and can be used only to settle obligations of the VIEs, including the subordinate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:503.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">interests of the securitized debt obligations owned by us. The liabilities of these VIEs are non-recourse to us and can only</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:515.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">be satisfied from the assets of the VIEs. The consolidation of these VIEs results in an increase in our gross assets,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:526.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">liabilities, revenues and expenses; however, it does not affect our stockholders’ equity or net income. We are not obligated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;top:-2.626pt;white-space:pre;width:452.87pt">to provide, have not provided, and do not intend to provide material financial support to these consolidated VIEs.</span> 3 2 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:376.79pt">The following table details the assets and liabilities of our consolidated VIEs ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:435.29pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:12pt;position:var(--position);top:268.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="position:var(--position);top:282.3pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:336.75pt"></td><td style="padding:0;width:81pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:73.5pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:336.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);width:81pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.28pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);width:73.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.44pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:27.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.79pt"></span></span><span style="left:49.42pt;position:var(--position)">48,974<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:27.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.29pt"></span></span><span style="left:41.92pt;position:var(--position)">58,663<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:42.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.29pt"></span></span><span style="left:36.92pt;position:var(--position)">3,194,645<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:42.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.79pt"></span></span><span style="left:29.419999999999998pt;position:var(--position)">2,422,505<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Current expected credit loss reserve</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:57.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.46pt"></span></span><span style="left:46.09pt;position:var(--position)">(92,867)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:57.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.96pt"></span></span><span style="left:38.59pt;position:var(--position)">(23,609)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Loans receivable, net</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:72.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.29pt"></span></span><span style="left:36.92pt;position:var(--position)">3,101,778<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:72.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.79pt"></span></span><span style="left:29.419999999999998pt;position:var(--position)">2,398,896<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Owned real estate, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:87.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.79pt"></span></span><span style="left:44.42pt;position:var(--position)">602,877<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:87.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.29pt"></span></span><span style="left:36.92pt;position:var(--position)">603,130<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Other assets</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:102.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.79pt"></span></span><span style="left:44.42pt;position:var(--position)">140,395<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:102.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.29pt"></span></span><span style="left:36.92pt;position:var(--position)">196,840<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Total assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:117.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:36.92pt;position:var(--position)">3,894,024<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:117.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.79pt"></span></span><span style="left:29.419999999999998pt;position:var(--position)">3,257,529<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Securitized debt obligations, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:147.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:36.92pt;position:var(--position)">2,732,964<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:147.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.79pt"></span></span><span style="left:29.419999999999998pt;position:var(--position)">2,139,719<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.63pt;position:var(--position);text-decoration:none;white-space:pre">Other liabilities</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:162.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.79pt"></span></span><span style="left:49.42pt;position:var(--position)">54,697<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:162.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.29pt"></span></span><span style="left:41.92pt;position:var(--position)">47,645<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177.75pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:336.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.63pt;position:var(--position);text-decoration:none;white-space:pre">Total liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:177.75pt;width:81pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:36.92pt;position:var(--position)">2,787,661<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:177.75pt;width:73.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:73.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.79pt"></span></span><span style="left:29.419999999999998pt;position:var(--position)">2,187,364<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 48974000 58663000 3194645000 2422505000 92867000 23609000 3101778000 2398896000 602877000 603130000 140395000 196840000 3894024000 3257529000 2732964000 2139719000 54697000 47645000 2787661000 2187364000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:none;white-space:pre;width:206.85pt">TRANSACTIONS WITH RELATED PARTIES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:591.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:59.11pt">Our Manager</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:608.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">We are managed by our Manager pursuant to the Management Agreement. The current term of the Management</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:620.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:153.57pt">Agreement expires on December 19, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:212.07pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:232.07pt;position:var(--position);text-decoration:none;white-space:pre;width:181.94pt">, and it will be automatically renewed for a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:414.01pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.44pt;position:var(--position);text-decoration:none;white-space:pre;width:20.52pt">-year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:448.96pt;position:var(--position);text-decoration:none;white-space:pre;width:104.48pt"> term upon such date and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:631.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:211.32pt">each anniversary thereafter unless earlier terminated.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:655.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:26.26pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.76pt;position:var(--position);text-decoration:none;white-space:pre;width:57.64pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:142.4pt;position:var(--position);text-decoration:none;white-space:pre;width:21.25pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:163.65pt;position:var(--position);text-decoration:none;white-space:pre;width:80.36pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.01pt;position:var(--position);text-decoration:none;white-space:pre;width:176.08pt">, our consolidated balance sheets included </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:420.09pt;position:var(--position);text-decoration:none;white-space:pre;width:54.76pt">$14.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:474.85pt;position:var(--position);text-decoration:none;white-space:pre;width:21.25pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:496.1pt;position:var(--position);text-decoration:none;white-space:pre;width:54.76pt">$16.4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:666.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:274.59pt">respectively, of accrued management fees payable to our Manager. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:333.09pt;position:var(--position);text-decoration:none;white-space:pre;width:46.56pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:379.65pt;position:var(--position);text-decoration:none;white-space:pre;width:111.42pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:491.07pt;position:var(--position);text-decoration:none;white-space:pre;width:3.02pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.09pt;position:var(--position);text-decoration:none;white-space:pre;width:56.86pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:678.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:117.69pt">we paid management fees of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.19pt;position:var(--position);text-decoration:none;white-space:pre;width:54.03pt">$14.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.22pt;position:var(--position);text-decoration:none;white-space:pre;width:19.79pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:250.01pt;position:var(--position);text-decoration:none;white-space:pre;width:54.03pt">$31.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:304.03999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:178.28pt">, respectively, to our Manager, compared to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.32pt;position:var(--position);text-decoration:none;white-space:pre;width:54.03pt">$17.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:536.35pt;position:var(--position);text-decoration:none;white-space:pre;width:17.11pt"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:689.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:54.15pt">$35.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.65pt;position:var(--position);text-decoration:none;white-space:pre;width:168.86pt">, respectively, during the same periods in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:281.51pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:301.51pt;position:var(--position);text-decoration:none;white-space:pre;width:37.53pt">. We did </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:339.04pt;position:var(--position);text-decoration:none;white-space:pre;width:12.77pt">not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.81pt;position:var(--position);text-decoration:none;white-space:pre;width:201.65pt"> pay any incentive fees to our Manager during the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:701.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:110.54pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:2.8pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:171.84pt;position:var(--position);text-decoration:none;white-space:pre;width:56.42pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:228.26pt;position:var(--position);text-decoration:none;white-space:pre;width:20.03pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:248.29pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:268.28999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:270.78999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:95.87pt"> In addition, during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:366.66pt;position:var(--position);text-decoration:none;white-space:pre;width:110.54pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.2pt;position:var(--position);text-decoration:none;white-space:pre;width:2.8pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:480pt;position:var(--position);text-decoration:none;white-space:pre;width:56.42pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:536.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:16.95pt">, we</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:712.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:86.84pt">incurred expenses of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.34pt;position:var(--position);text-decoration:none;white-space:pre;width:49.4pt">$0.4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.74pt;position:var(--position);text-decoration:none;white-space:pre;width:17.48pt"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:212.22pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.27pt;position:var(--position);text-decoration:none;white-space:pre;width:49.4pt">$0.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.66999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:288.76pt">, respectively, that were paid by our Manager and have been or will be</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:130.8pt">reimbursed by us, compared to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.3pt;position:var(--position);text-decoration:none;white-space:pre;width:49.81pt">$0.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:239.11pt;position:var(--position);text-decoration:none;white-space:pre;width:21.35pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:260.46000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:49.81pt">$0.4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:310.27pt;position:var(--position);text-decoration:none;white-space:pre;width:243.12pt">, respectively, of such expenses during the same periods in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:78.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:89pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.52pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:86.02pt;position:var(--position);text-decoration:none;white-space:pre;width:58.9pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:144.92000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:84.7pt">, our Manager held </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:229.62pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">1,008,941</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:269.62pt;position:var(--position);text-decoration:none;white-space:pre;width:283.88pt"> shares of unvested restricted class A common stock, which had an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:100.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:146.62pt">aggregate grant date fair value of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:205.12pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">$20.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:260.94pt;position:var(--position);text-decoration:none;white-space:pre;width:172.49pt">. These shares vest in installments over </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:433.43pt;position:var(--position);text-decoration:none;white-space:pre;width:45.51pt">three years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:478.94pt;position:var(--position);text-decoration:none;white-space:pre;width:74.47pt"> from the date of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:112pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:86.25pt">issuance. During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:144.75pt;position:var(--position);text-decoration:none;white-space:pre;width:111.86pt">three and six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:256.61pt;position:var(--position);text-decoration:none;white-space:pre;width:3.13pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:259.74pt;position:var(--position);text-decoration:none;white-space:pre;width:57.08pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:316.82pt;position:var(--position);text-decoration:none;white-space:pre;width:236.52pt">, we recorded non-cash expenses related to shares held by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:123.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:64.88pt">our Manager of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:123.38pt;position:var(--position);text-decoration:none;white-space:pre;width:48.92pt">$3.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.3pt;position:var(--position);text-decoration:none;white-space:pre;width:19.57pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.87pt;position:var(--position);text-decoration:none;white-space:pre;width:48.92pt">$7.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:240.79pt;position:var(--position);text-decoration:none;white-space:pre;width:110.69pt">, respectively, compared to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.48pt;position:var(--position);text-decoration:none;white-space:pre;width:48.92pt">$3.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:400.4pt;position:var(--position);text-decoration:none;white-space:pre;width:19.57pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:419.97pt;position:var(--position);text-decoration:none;white-space:pre;width:48.92pt">$7.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:468.89pt;position:var(--position);text-decoration:none;white-space:pre;width:84.49pt">, respectively, during</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:79.91pt">the same periods in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:138.41pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:158.41pt;position:var(--position);text-decoration:none;white-space:pre;width:39.95pt">. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:198.36pt;position:var(--position);text-decoration:none;white-space:pre;width:31.92pt">Note 17</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.28pt;position:var(--position);text-decoration:none;white-space:pre;width:235.58pt"> for further details on our restricted class A common stock.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:465.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:158.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:28.86pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.36pt;position:var(--position);text-decoration:none;white-space:pre;width:60.24pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.6pt;position:var(--position);text-decoration:none;white-space:pre;width:405.78pt">, our Manager, its affiliates (including Blackstone and Blackstone-advised investment vehicles),</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:170pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:243.44pt">Blackstone employees, and our directors held an aggregate </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:301.94pt;position:var(--position);text-decoration:none;white-space:pre;width:45pt">13,764,005</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.94pt;position:var(--position);text-decoration:none;white-space:pre;width:45.43pt"> shares, or </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:392.37pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">8.2%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:413.2pt;position:var(--position);text-decoration:none;white-space:pre;width:140.15pt">, of our class A common stock, of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:181.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.22pt">which </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.72pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">8,916,412</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:125.72pt;position:var(--position);text-decoration:none;white-space:pre;width:44.2pt"> shares, or </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.92000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">5.3%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:190.75pt;position:var(--position);text-decoration:none;white-space:pre;width:60.31pt">, were held by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:251.06pt;position:var(--position);text-decoration:none;white-space:pre;width:123.81pt">Blackstone and its subsidiaries</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:374.87pt;position:var(--position);text-decoration:none;white-space:pre;width:134.98pt">. Additionally, our directors held </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:509.85pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">369,548</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:542.35pt;position:var(--position);text-decoration:none;white-space:pre;width:11.13pt"> of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:193pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:103.95pt">deferred stock units as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:162.45pt;position:var(--position);text-decoration:none;white-space:pre;width:56.22pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:218.67pt;position:var(--position);text-decoration:none;white-space:pre;width:334.78pt">. Certain of the parties listed above have in the past purchased or sold shares of our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">class A common stock in open market transactions, and such parties may in the future purchase or sell additional shares of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">our class A common stock and/or engage in derivatives transactions related to our class A common stock. Any such</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:227.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">transactions would be made in the sole discretion of the relevant party based on market conditions and other considerations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:94.87pt">relevant to such parties.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:268.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:72.39pt">Affiliate Services</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:286pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">We have engaged certain portfolio companies owned by Blackstone-advised investment vehicles to provide, as applicable,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:297.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:267.02pt">management, corporate support, and transaction support services. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:325.52pt;position:var(--position);text-decoration:none;white-space:pre;width:15.53pt">The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.05pt;position:var(--position);text-decoration:none;white-space:pre;width:212.34pt"> following table details the costs incurred (refunded)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:309pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:139.03pt">for these services ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:332.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:185.25pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.62pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.84pt;position:var(--position);text-decoration:none;white-space:pre">Primary Asset </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.27pt;position:var(--position);text-decoration:none;white-space:pre">Class</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:185.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Perform Properties, LLC</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:34.5pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.62pt;position:var(--position);text-decoration:none;white-space:pre">Office</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:34.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,466<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:34.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.04pt"></span></span><span style="left:41.67pt;position:var(--position)">319<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:34.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,432<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:34.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.04pt"></span></span><span style="left:41.67pt;position:var(--position)">894<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:35.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:185.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.67pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Brio Real Estate Services, LLC, Brio Real </span></div><div style="line-height:10pt;position:var(--position);top:14.67pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Estate (UK) Ltd., and Brio Real Estate </span></div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(AUS) Pty Ltd.</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:49.5pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.27pt;position:var(--position);text-decoration:none;white-space:pre">n/a</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:49.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,672<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:49.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,101<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:49.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,377<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:49.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,101<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:84.75pt;width:185.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">BRE Hotels &amp; Resorts, LLC</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:84.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:5.18pt;position:var(--position);text-decoration:none;white-space:pre">Hospitality</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:84.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">282<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:84.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">380<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:84.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">793<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:84.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">869<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99.75pt;width:185.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Revantage Corporate Services, LLC and </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Revantage Global Services Europe S.à r.l.</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:99.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.27pt;position:var(--position);text-decoration:none;white-space:pre">n/a</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:99.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">337<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:99.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">381<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:99.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">664<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:99.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">343<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:124.5pt;width:185.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">LivCor, LLC</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:124.5pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.24pt;position:var(--position);text-decoration:none;white-space:pre">Multifamily</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:124.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">45<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:124.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">117<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:124.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">140<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:124.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">276<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:139.5pt;width:185.25pt"><div><div style="line-height:10pt;position:var(--position);top:7.046pt;width:185.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">LendingOne, LLC</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:76.44pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:139.5pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.24pt;position:var(--position);text-decoration:none;white-space:pre">Multifamily</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:139.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:139.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">158<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:139.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:139.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">158<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:185.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:154.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,802<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:154.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">2,456<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:154.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">8,406<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:154.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,641<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:507pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:5.25pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:519.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:284.66pt">Provides loan origination services related to certain of our investments.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:542.45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:47.86pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.36pt;position:var(--position);text-decoration:none;white-space:pre;width:72.29pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.65pt;position:var(--position);text-decoration:none;white-space:pre;width:3.67pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.32pt;position:var(--position);text-decoration:none;white-space:pre;width:58.16pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:240.48pt;position:var(--position);text-decoration:none;white-space:pre;width:312.91pt">, we entered into an agreement with another Blackstone-advised investment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:553.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">vehicle to fund our pro rata share of any payments required under a guaranty agreement with a lending institution. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:564.85pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">guaranty relates to a revolving credit facility with a portfolio company owned by Blackstone-advised investment vehicles</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">that provides services to us, and our participation reflects our share of the associated costs based on services rendered. As</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:587.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.89pt">of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:69.39pt;position:var(--position);text-decoration:none;white-space:pre;width:55.94pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:125.33pt;position:var(--position);text-decoration:none;white-space:pre;width:255.25pt">, our maximum potential obligation under the arrangement was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:380.58pt;position:var(--position);text-decoration:none;white-space:pre;width:48.91pt">$0.9 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:429.49pt;position:var(--position);text-decoration:none;white-space:pre;width:123.86pt">. No events through the date of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:598.45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">these consolidated financial statements required performance under the guaranty, and no liability was recorded as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:609.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.32pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:313.42pt">We have engaged other affiliates of our Manager to provide various services. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:371.92pt;position:var(--position);text-decoration:none;white-space:pre;width:181.52pt">The following table details the costs incurred</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:139.03pt">for these services ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:243pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.62pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:7.046pt;width:243pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Gryphon Mutual Property Americas IC</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:159.72pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.04pt"></span></span><span style="left:41.67pt;position:var(--position)">916<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.04pt"></span></span><span style="left:41.67pt;position:var(--position)">601<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,699<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,148<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:7.046pt;width:243pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Blackstone Securities Partners L.P.</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:143.29pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">422<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">79<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">422<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">79<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:7.046pt;width:243pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Lexington National Land Services</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:139.96pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">37<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">46<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">134<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">46<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Blackstone internal audit services</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">(111)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:85.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,375<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:85.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.04pt"></span></span><span style="left:41.67pt;position:var(--position)">615<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:85.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">2,255<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:85.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,273<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:188.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:5.25pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:200.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">In order to provide insurance for our owned real estate assets, we became a member of Gryphon Mutual Property</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:211.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">Americas IC, or Gryphon, a captive insurance company owned by us and other Blackstone-advised investment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:223.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">vehicles. A Blackstone affiliate provides oversight and management services to Gryphon and receives fees based on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">a percentage of premiums paid for such policies. The fees and expenses of Gryphon, including insurance premiums</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:245.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">and fees paid to its manager, are borne by us and the other Blackstone-advised investment vehicles that are members</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:256.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:456.27pt">of Gryphon pro rata based on insurance premiums paid for each member’s respective properties. During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.77pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">six</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:267.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.02pt">months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:141.52pt;position:var(--position);text-decoration:none;white-space:pre;width:2.73pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:144.25pt;position:var(--position);text-decoration:none;white-space:pre;width:56.28pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.53pt;position:var(--position);text-decoration:none;white-space:pre;width:19.89pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:220.42pt;position:var(--position);text-decoration:none;white-space:pre;width:56.28pt">June 30, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.7pt;position:var(--position);text-decoration:none;white-space:pre;width:39.54pt">, we paid </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:316.24pt;position:var(--position);text-decoration:none;white-space:pre;width:49.08pt">$0.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.32pt;position:var(--position);text-decoration:none;white-space:pre;width:19.89pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:385.21pt;position:var(--position);text-decoration:none;white-space:pre;width:49.08pt">$0.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.29pt;position:var(--position);text-decoration:none;white-space:pre;width:119.15pt">, respectively, to Gryphon for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:279.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">insurance costs, inclusive of premiums, capital surplus contributions, taxes, and our pro rata share of other expenses.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:290.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.17pt">Of these amounts, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:163.67000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:49.67pt">$5 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:213.34pt;position:var(--position);text-decoration:none;white-space:pre;width:21.59pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:234.93pt;position:var(--position);text-decoration:none;white-space:pre;width:54.67pt">$31 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:289.6pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:292.1pt;position:var(--position);text-decoration:none;white-space:pre;width:261.26pt"> respectively, were attributable to the fees paid to a Blackstone</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:301.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">affiliate to provide oversight and management services to Gryphon. The amounts included in the table above reflect</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:312.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:372.27pt">the amortization of the insurance expense over the relevant periods of the respective policies.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:323.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:50.26pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:135.76pt;position:var(--position);text-decoration:none;white-space:pre;width:74.69pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:210.45pt;position:var(--position);text-decoration:none;white-space:pre;width:4.87pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.32pt;position:var(--position);text-decoration:none;white-space:pre;width:60.56pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:275.88pt;position:var(--position);text-decoration:none;white-space:pre;width:277.59pt">, Blackstone Securities Partners L.P., or BSP, an affiliate of our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:335.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:424.2pt">Manager, was engaged as a member of the syndicate for our May 2026 Senior Secured Notes. During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:509.7pt;position:var(--position);text-decoration:none;white-space:pre;width:43.63pt">six months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:346.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:23.86pt">ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:109.36pt;position:var(--position);text-decoration:none;white-space:pre;width:5.04pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.4pt;position:var(--position);text-decoration:none;white-space:pre;width:60.9pt">June 30, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:175.3pt;position:var(--position);text-decoration:none;white-space:pre;width:378.06pt">, BSP was also engaged as a member of the syndicate for our B-6 Term Loan. These</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:357.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:301.56pt">engagements were on terms equivalent to those of unaffiliated third parties.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:368.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">Lexington National Land Services, or LNLS, is a Blackstone affiliate that (i) acts as a title agent in facilitating and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:379.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">issuing title insurance, (ii) provides title support services for title insurance underwriters, (iii) in certain</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:391.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">circumstances, provides courtesy title settlement services and (iv) acts as escrow agent in connection with certain</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:402.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">investments by Blackstone-advised vehicles, including us, Blackstone-advised investment vehicles and portfolio</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:413.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">companies owned by Blackstone-advised investment vehicles, affiliates and related parties, and third parties,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">including, in certain cases, Blackstone’s borrowers. In exchange for such services, LNLS earns fees which would</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">have otherwise been paid to third parties. Blackstone receives distributions from LNLS in connection with</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.81pt">investments made by us based on its equity interest in LNLS. In each case, there will be no related expense offset to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:458.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.39pt">us.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:481.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">CT Investment Management Co., LLC, or CTIMCO, serves as the special servicer of all of our CLOs, and the Manager</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:492.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">serves as the collateral manager and benchmark agent for our FL6 and FL5 CLOs issued in the first quarter of 2026 and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:503.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:108.85pt">2025, respectively. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:167.35pt;position:var(--position);text-decoration:none;white-space:pre;width:58.9pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:226.25pt;position:var(--position);text-decoration:none;white-space:pre;width:6.54pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:232.79pt;position:var(--position);text-decoration:none;white-space:pre;width:19.96pt">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.75pt;position:var(--position);text-decoration:none;white-space:pre;width:300.71pt"> of our assets were in special servicing under CLOs. CTIMCO and our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:515.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">Manager have waived any fees that would be payable to a third party serving in such roles pursuant to the applicable</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:526.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:394.01pt">agreements, and no such fees have been paid or will become payable to CTIMCO or our Manager.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:555.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:83.54pt">Other Transactions</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:573.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.82pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.32pt;position:var(--position);text-decoration:none;white-space:pre;width:74.25pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.57pt;position:var(--position);text-decoration:none;white-space:pre;width:4.65pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:187.22pt;position:var(--position);text-decoration:none;white-space:pre;width:60.12pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:247.34pt;position:var(--position);text-decoration:none;white-space:pre;width:61.39pt">, we invested </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.73pt;position:var(--position);text-decoration:none;white-space:pre;width:61pt">$494.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:369.73pt;position:var(--position);text-decoration:none;white-space:pre;width:17.07pt"> in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:386.8pt;position:var(--position);text-decoration:none;white-space:pre;width:16.66pt">four</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:403.46pt;position:var(--position);text-decoration:none;white-space:pre;width:61.96pt"> senior loans, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:465.42pt;position:var(--position);text-decoration:none;white-space:pre;width:56pt">$32.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:521.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:17.07pt"> in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:538.49pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:584.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:199.95pt">mezzanine loans to unaffiliated third parties, and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:258.45pt;position:var(--position);text-decoration:none;white-space:pre;width:54.2pt">$66.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:312.65pt;position:var(--position);text-decoration:none;white-space:pre;width:168.85pt"> in a new issuance of a debt security (see </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:481.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.27pt">Note 6</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.77pt;position:var(--position);text-decoration:none;white-space:pre;width:44.55pt"> for further</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:596.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">discussion) in which Blackstone-advised investment vehicles also invested at the same level of the capital structure on a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:607.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:65.22pt">pari passu basis.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:631.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:57.06pt">In the first qu</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.56pt;position:var(--position);text-decoration:none;white-space:pre;width:317.86pt">arter of 2026, Blackstone-advised investment vehicles acquired an aggregate </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:433.42pt;position:var(--position);text-decoration:none;white-space:pre;width:54.83pt">$71.4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:488.25pt;position:var(--position);text-decoration:none;white-space:pre;width:65.2pt"> participation in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:642.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:17.26pt">our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:75.76pt;position:var(--position);text-decoration:none;white-space:pre;width:60.28pt">$770.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:136.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:3.93pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:139.97pt;position:var(--position);text-decoration:none;white-space:pre;width:65.01pt">B-9 Term Loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:204.98pt;position:var(--position);text-decoration:none;white-space:pre;width:348.41pt">. In the fourth quarter of 2025, Blackstone-advised investment vehicles acquired an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:654.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:42.99pt">aggregate </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:101.49000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:55.52pt">$63.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:157.01pt;position:var(--position);text-decoration:none;white-space:pre;width:88.25pt"> participation in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:245.26pt;position:var(--position);text-decoration:none;white-space:pre;width:60.52pt">$700.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:305.78pt;position:var(--position);text-decoration:none;white-space:pre;width:4.17pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:309.95pt;position:var(--position);text-decoration:none;white-space:pre;width:65.49pt">B-8 Term Loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:375.44pt;position:var(--position);text-decoration:none;white-space:pre;width:177.92pt">. In the third quarter of 2025, Blackstone-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:665.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:205.85pt">advised investment vehicles acquired an aggregate </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.35pt;position:var(--position);text-decoration:none;white-space:pre;width:54.04pt">$33.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:318.39pt;position:var(--position);text-decoration:none;white-space:pre;width:82.33pt"> participation in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:400.72pt;position:var(--position);text-decoration:none;white-space:pre;width:59.04pt">$453.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:459.76pt;position:var(--position);text-decoration:none;white-space:pre;width:2.69pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:462.45pt;position:var(--position);text-decoration:none;white-space:pre;width:62.53pt">B-7 Term Loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:524.98pt;position:var(--position);text-decoration:none;white-space:pre;width:28.41pt">. In the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:677.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:358.39pt">second quarter of 2025, Blackstone-advised investment vehicles acquired an aggregate </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:416.89pt;position:var(--position);text-decoration:none;white-space:pre;width:54.76pt">$83.9 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.65pt;position:var(--position);text-decoration:none;white-space:pre;width:81.8pt"> participation in our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:688.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:47.71pt">$1.0 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.21000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:4.13pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:110.34pt;position:var(--position);text-decoration:none;white-space:pre;width:65.41pt">B-6 Term Loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:175.75pt;position:var(--position);text-decoration:none;white-space:pre;width:377.68pt">, which has subsequently been repaid in full. All of these transactions were part of broad</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:700.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">syndications led by third-party banks, and were on terms equivalent to those of unaffiliated third parties. BSP was engaged</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:711.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">as a member of the syndicate for these transactions. Our engagements of BSP are on terms equivalent to those of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:723.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:303.48pt">unaffiliated third parties. See “—Affiliate Services” for further information.</span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">As part of broad syndications led by third-party banks, Blackstone-advised investment vehicles acquired an aggregate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:54.36pt">$11.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.86pt;position:var(--position);text-decoration:none;white-space:pre;width:65.57pt"> of notes in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.43pt;position:var(--position);text-decoration:none;white-space:pre;width:46.59pt">$1.0 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.02pt;position:var(--position);text-decoration:none;white-space:pre;width:168.6pt"> FL6 CLO offering in the first quarter of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:393.62pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:413.62pt;position:var(--position);text-decoration:none;white-space:pre;width:22.95pt">, and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:436.57pt;position:var(--position);text-decoration:none;white-space:pre;width:54.36pt">$75.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:490.93pt;position:var(--position);text-decoration:none;white-space:pre;width:62.56pt"> of notes in our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:77pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:46.48pt">$1.0 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.97999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:448.39pt"> FL5 CLO offering in the first quarter of 2025. Both of these transactions were on terms equivalent to those of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:88.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:99.02pt">unaffiliated third parties.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:112pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:214.51pt">In the second quarter of 2026, we entered into our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:273.01pt;position:var(--position);text-decoration:none;white-space:pre;width:147.11pt">Homebuilder Finance Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:420.12pt;position:var(--position);text-decoration:none;white-space:pre;width:133.33pt"> with an unaffiliated third-party,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:123.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:329.28pt">alongside a Blackstone-advised investment vehicle, that concurrently acquired a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:387.78pt;position:var(--position);text-decoration:none;white-space:pre;width:59.56pt">$286.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:447.34pt;position:var(--position);text-decoration:none;white-space:pre;width:106.07pt"> portfolio of single family</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:252.81pt">construction loans in which we made an equity investment of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:311.31pt;position:var(--position);text-decoration:none;white-space:pre;width:54.38pt">$28.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.69pt;position:var(--position);text-decoration:none;white-space:pre;width:187.71pt"> representing our aggregate ownership interest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:146.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.83pt">of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:69.33pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">45%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.66pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:170pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:174.37pt">In the fourth quarter of 2025, we made a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:232.87pt;position:var(--position);text-decoration:none;white-space:pre;width:54.97pt">$75.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:287.84000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:182.29pt"> capital commitment at the initial closing of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:470.13pt;position:var(--position);text-decoration:none;white-space:pre;width:83.3pt"> a fund managed by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:181.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:225.11pt">Blackstone Real Estate Debt Strategies, or BREDS, the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:283.61pt;position:var(--position);text-decoration:none;white-space:pre;width:117.49pt">BREDS-advised private fund</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:401.1pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:403.6pt;position:var(--position);text-decoration:none;white-space:pre;width:149.82pt"> formed to invest in Core+ real estate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:193pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">debt investments in the U.S. and Canada. Blackstone affiliates, including us, do not pay management fees or carried</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:205.51pt">interest with respect to their investments in the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.01pt;position:var(--position);text-decoration:none;white-space:pre;width:121.19pt">BREDS-advised private fund</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:385.2pt;position:var(--position);text-decoration:none;white-space:pre;width:168.3pt">. Our capital commitment represented a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:196.72pt">minority of the total capital commitments the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.22pt;position:var(--position);text-decoration:none;white-space:pre;width:120.93pt">BREDS-advised private fund</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:376.15pt;position:var(--position);text-decoration:none;white-space:pre;width:86.95pt"> had received as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:463.1pt;position:var(--position);text-decoration:none;white-space:pre;width:59.64pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:522.74pt;position:var(--position);text-decoration:none;white-space:pre;width:30.76pt">. As of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:227.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:57.34pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.84pt;position:var(--position);text-decoration:none;white-space:pre;width:21.22pt">, the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.06pt;position:var(--position);text-decoration:none;white-space:pre;width:118.63pt">BREDS-advised private fund</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.69pt;position:var(--position);text-decoration:none;white-space:pre;width:231.7pt"> had not called any capital. To fund its investments, the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:487.39pt;position:var(--position);text-decoration:none;white-space:pre;width:66.05pt">BREDS-advised</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:48.56pt">private fund</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:107.06pt;position:var(--position);text-decoration:none;white-space:pre;width:385.17pt"> will draw down on capital commitments made by its investors, including us, on a pro rata basis.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:492.23pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:262.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:229.31pt">In the second quarter of 2025, we entered into our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:287.81pt;position:var(--position);text-decoration:none;white-space:pre;width:149.56pt">Bank Loan Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:437.37pt;position:var(--position);text-decoration:none;white-space:pre;width:116.02pt"> with a Blackstone-advised</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:274pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:196.14pt">investment vehicle that concurrently acquired a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:254.64pt;position:var(--position);text-decoration:none;white-space:pre;width:46.78pt">$1.4 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:301.41999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:252pt"> portfolio of performing commercial mortgage loans in which</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:135.74pt">we made an equity investment of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.24pt;position:var(--position);text-decoration:none;white-space:pre;width:54pt">$57.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:248.24pt;position:var(--position);text-decoration:none;white-space:pre;width:130.23pt"> and our ownership interest was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:378.47pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">29%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:396.8pt;position:var(--position);text-decoration:none;white-space:pre;width:135.55pt">. In the third quarter of 2025, our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:532.35pt;position:var(--position);text-decoration:none;white-space:pre;width:21.09pt">Bank</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:297pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:117.81pt">Loan Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.31pt;position:var(--position);text-decoration:none;white-space:pre;width:48.96pt"> acquired a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.27pt;position:var(--position);text-decoration:none;white-space:pre;width:59.73pt">$606.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:285pt;position:var(--position);text-decoration:none;white-space:pre;width:268.47pt"> portfolio of performing commercial mortgage loans in which we</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:121.94pt">made an equity investment of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:180.44pt;position:var(--position);text-decoration:none;white-space:pre;width:54.1pt">$44.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:234.54pt;position:var(--position);text-decoration:none;white-space:pre;width:130.83pt"> and our ownership interest was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.37pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">50%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:383.7pt;position:var(--position);text-decoration:none;white-space:pre;width:169.62pt">. In the fourth quarter of 2024, we entered</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:33.87pt">into our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.37pt;position:var(--position);text-decoration:none;white-space:pre;width:96.81pt">Net Lease Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.18pt;position:var(--position);text-decoration:none;white-space:pre;width:338.15pt"> with a Blackstone-advised investment vehicle to invest in triple net lease properties.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:343.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:109pt">We do not consolidate our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:167.5pt;position:var(--position);text-decoration:none;white-space:pre;width:139.6pt">Bank Loan Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:307.1pt;position:var(--position);text-decoration:none;white-space:pre;width:21.25pt">, our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:328.35pt;position:var(--position);text-decoration:none;white-space:pre;width:97.44pt">Net Lease Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.79pt;position:var(--position);text-decoration:none;white-space:pre;width:31.16pt">, or the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:456.95pt;position:var(--position);text-decoration:none;white-space:pre;width:96.49pt">BREDS-advised private</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:355pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">fund</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.83pt;position:var(--position);text-decoration:none;white-space:pre;width:233.79pt">, as we do not have a controlling financial interest. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:310.62pt;position:var(--position);text-decoration:none;white-space:pre;width:56.68pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:367.3pt;position:var(--position);text-decoration:none;white-space:pre;width:186.12pt">, the aggregate value of our equity investment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:366.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:26.98pt">in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.48pt;position:var(--position);text-decoration:none;white-space:pre;width:140.52pt">Bank Loan Portfolio Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:226pt;position:var(--position);text-decoration:none;white-space:pre;width:21.42pt"> was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:247.42pt;position:var(--position);text-decoration:none;white-space:pre;width:54.29pt">$99.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:301.71000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:131.97pt"> and our ownership interest was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:433.68pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">35%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:452.01pt;position:var(--position);text-decoration:none;white-space:pre;width:101.34pt">, and the aggregate value</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:131.84pt">of our equity investment in our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:190.34pt;position:var(--position);text-decoration:none;white-space:pre;width:99.45pt">Net Lease Joint Venture</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:289.78999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:22.3pt"> was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:312.09000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:59.73pt">$185.9 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:371.82pt;position:var(--position);text-decoration:none;white-space:pre;width:134.61pt"> and our ownership interest was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:506.43pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">75%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:524.76pt;position:var(--position);text-decoration:none;white-space:pre;width:28.7pt">. As of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:389.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.74pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.24000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:190.78pt">, we had not made an equity investment in the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:306.02pt;position:var(--position);text-decoration:none;white-space:pre;width:118.03pt">BREDS-advised private fund</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:424.05pt;position:var(--position);text-decoration:none;white-space:pre;width:129.36pt">. We, these joint ventures, these</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:401pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">Blackstone-advised investment vehicles, and other Blackstone affiliates have engaged and may in the future engage in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:412.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:439.96pt">certain investment, financing, derivative and/or hedging arrangements related to these unconsolidated entities.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:121.8pt">In the second quarter of 2026,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:180.3pt;position:var(--position);text-decoration:none;white-space:pre;width:2.88pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:183.18pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:197.61pt;position:var(--position);text-decoration:none;white-space:pre;width:355.85pt"> of our senior loans to a borrower controlled by Blackstone-advised investment vehicles</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:58.81pt">was modified.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:117.31pt;position:var(--position);text-decoration:none;white-space:pre;width:436.12pt"> The terms of the modification (including, among other changes, an extension of the maturity date, a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">reduction in the contractual interest rate, and a meaningful additional commitment and credit support from the borrower)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:470.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">were negotiated by our third-party co-lenders. We continue to forgo all non-economic rights under the loan, including</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:482pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:359.9pt">voting rights, so long as the Blackstone-advised investment vehicles control the borrower.</span></div> P1Y 14600000 16400000 14800000 31200000 17200000 35800000 400000 800000 200000 400000 1008941 20500000 P3Y 3500000 7000000.0 3600000 7200000 13764005 0.082 8916412 0.053 369548 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:325.52pt;position:var(--position);text-decoration:none;white-space:pre;width:15.53pt">The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.05pt;position:var(--position);text-decoration:none;white-space:pre;width:212.34pt"> following table details the costs incurred (refunded)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:309pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:139.03pt">for these services ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:332.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:185.25pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.62pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:12.75pt;width:54.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.84pt;position:var(--position);text-decoration:none;white-space:pre">Primary Asset </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.27pt;position:var(--position);text-decoration:none;white-space:pre">Class</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:185.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Perform Properties, LLC</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:34.5pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.62pt;position:var(--position);text-decoration:none;white-space:pre">Office</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:34.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,466<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:34.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.04pt"></span></span><span style="left:41.67pt;position:var(--position)">319<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:34.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,432<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:34.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.04pt"></span></span><span style="left:41.67pt;position:var(--position)">894<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:35.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:185.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.67pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Brio Real Estate Services, LLC, Brio Real </span></div><div style="line-height:10pt;position:var(--position);top:14.67pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Estate (UK) Ltd., and Brio Real Estate </span></div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(AUS) Pty Ltd.</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:49.5pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.27pt;position:var(--position);text-decoration:none;white-space:pre">n/a</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:49.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,672<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:49.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,101<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:49.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,377<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:49.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,101<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:84.75pt;width:185.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">BRE Hotels &amp; Resorts, LLC</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:84.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:5.18pt;position:var(--position);text-decoration:none;white-space:pre">Hospitality</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:84.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">282<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:84.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">380<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:84.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">793<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:84.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">869<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99.75pt;width:185.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Revantage Corporate Services, LLC and </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Revantage Global Services Europe S.à r.l.</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:99.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.27pt;position:var(--position);text-decoration:none;white-space:pre">n/a</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:99.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">337<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:99.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">381<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:99.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">664<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:99.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">343<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:124.5pt;width:185.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">LivCor, LLC</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:124.5pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.24pt;position:var(--position);text-decoration:none;white-space:pre">Multifamily</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:124.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">45<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:124.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">117<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:124.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">140<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:124.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">276<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:139.5pt;width:185.25pt"><div><div style="line-height:10pt;position:var(--position);top:7.046pt;width:185.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">LendingOne, LLC</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:76.44pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:139.5pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.24pt;position:var(--position);text-decoration:none;white-space:pre">Multifamily</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:139.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:139.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">158<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:139.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:139.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">158<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:185.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:185.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:154.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,802<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:154.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">2,456<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:154.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">8,406<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:154.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">3,641<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:507pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:5.25pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:519.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:284.66pt">Provides loan origination services related to certain of our investments.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:371.92pt;position:var(--position);text-decoration:none;white-space:pre;width:181.52pt">The following table details the costs incurred</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:65.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:139.03pt">for these services ($ in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:243pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.62pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.5pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:12.75pt;width:60.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:7.046pt;width:243pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Gryphon Mutual Property Americas IC</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:159.72pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.04pt"></span></span><span style="left:41.67pt;position:var(--position)">916<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.04pt"></span></span><span style="left:41.67pt;position:var(--position)">601<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,699<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:25.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,148<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:7.046pt;width:243pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Blackstone Securities Partners L.P.</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:143.29pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">422<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">79<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">422<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:40.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">79<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:7.046pt;width:243pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);top:-2.626pt;white-space:pre">Lexington National Land Services</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:139.96pt;position:var(--position);top:-4.526pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">37<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">46<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">134<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:55.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">46<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Blackstone internal audit services</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">(111)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:70.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:243pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:243pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243pt;position:var(--position);top:85.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,375<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:306.75pt;position:var(--position);top:85.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.04pt"></span></span><span style="left:41.67pt;position:var(--position)">615<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:370.5pt;position:var(--position);top:85.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">2,255<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:85.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.54pt"></span></span><span style="left:34.17pt;position:var(--position)">1,273<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:188.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:5.25pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:200.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">In order to provide insurance for our owned real estate assets, we became a member of Gryphon Mutual Property</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:211.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">Americas IC, or Gryphon, a captive insurance company owned by us and other Blackstone-advised investment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:223.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">vehicles. A Blackstone affiliate provides oversight and management services to Gryphon and receives fees based on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">a percentage of premiums paid for such policies. The fees and expenses of Gryphon, including insurance premiums</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:245.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">and fees paid to its manager, are borne by us and the other Blackstone-advised investment vehicles that are members</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:256.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:456.27pt">of Gryphon pro rata based on insurance premiums paid for each member’s respective properties. During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.77pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">six</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:267.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.02pt">months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:141.52pt;position:var(--position);text-decoration:none;white-space:pre;width:2.73pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:144.25pt;position:var(--position);text-decoration:none;white-space:pre;width:56.28pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.53pt;position:var(--position);text-decoration:none;white-space:pre;width:19.89pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:220.42pt;position:var(--position);text-decoration:none;white-space:pre;width:56.28pt">June 30, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.7pt;position:var(--position);text-decoration:none;white-space:pre;width:39.54pt">, we paid </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:316.24pt;position:var(--position);text-decoration:none;white-space:pre;width:49.08pt">$0.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.32pt;position:var(--position);text-decoration:none;white-space:pre;width:19.89pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:385.21pt;position:var(--position);text-decoration:none;white-space:pre;width:49.08pt">$0.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.29pt;position:var(--position);text-decoration:none;white-space:pre;width:119.15pt">, respectively, to Gryphon for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:279.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">insurance costs, inclusive of premiums, capital surplus contributions, taxes, and our pro rata share of other expenses.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:290.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.17pt">Of these amounts, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:163.67000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:49.67pt">$5 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:213.34pt;position:var(--position);text-decoration:none;white-space:pre;width:21.59pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:234.93pt;position:var(--position);text-decoration:none;white-space:pre;width:54.67pt">$31 thousand</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:289.6pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:292.1pt;position:var(--position);text-decoration:none;white-space:pre;width:261.26pt"> respectively, were attributable to the fees paid to a Blackstone</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:301.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">affiliate to provide oversight and management services to Gryphon. The amounts included in the table above reflect</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:312.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:372.27pt">the amortization of the insurance expense over the relevant periods of the respective policies.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:323.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:50.26pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:135.76pt;position:var(--position);text-decoration:none;white-space:pre;width:74.69pt">six months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:210.45pt;position:var(--position);text-decoration:none;white-space:pre;width:4.87pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.32pt;position:var(--position);text-decoration:none;white-space:pre;width:60.56pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:275.88pt;position:var(--position);text-decoration:none;white-space:pre;width:277.59pt">, Blackstone Securities Partners L.P., or BSP, an affiliate of our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:335.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:424.2pt">Manager, was engaged as a member of the syndicate for our May 2026 Senior Secured Notes. During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:509.7pt;position:var(--position);text-decoration:none;white-space:pre;width:43.63pt">six months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:346.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:23.86pt">ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:109.36pt;position:var(--position);text-decoration:none;white-space:pre;width:5.04pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.4pt;position:var(--position);text-decoration:none;white-space:pre;width:60.9pt">June 30, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:175.3pt;position:var(--position);text-decoration:none;white-space:pre;width:378.06pt">, BSP was also engaged as a member of the syndicate for our B-6 Term Loan. These</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:357.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:301.56pt">engagements were on terms equivalent to those of unaffiliated third parties.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:368.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">Lexington National Land Services, or LNLS, is a Blackstone affiliate that (i) acts as a title agent in facilitating and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:379.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">issuing title insurance, (ii) provides title support services for title insurance underwriters, (iii) in certain</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:391.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">circumstances, provides courtesy title settlement services and (iv) acts as escrow agent in connection with certain</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:402.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">investments by Blackstone-advised vehicles, including us, Blackstone-advised investment vehicles and portfolio</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:413.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">companies owned by Blackstone-advised investment vehicles, affiliates and related parties, and third parties,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">including, in certain cases, Blackstone’s borrowers. In exchange for such services, LNLS earns fees which would</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">have otherwise been paid to third parties. Blackstone receives distributions from LNLS in connection with</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.81pt">investments made by us based on its equity interest in LNLS. In each case, there will be no related expense offset to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:458.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.39pt">us.</span></div> 1466000 319000 3432000 894000 1672000 1101000 3377000 1101000 282000 380000 793000 869000 337000 381000 664000 343000 45000 117000 140000 276000 0 158000 0 158000 3802000 2456000 8406000 3641000 900000 916000 601000 1699000 1148000 422000 79000 422000 79000 37000 46000 134000 46000 0 -111000 0 0 1375000 615000 2255000 1273000 300000 800000 5000 31000 3 494200000 4 32300000 2 66700000 71400000 770800000 63000000.0 700000000.0 33000000.0 453100000 83900000 1000000000.0 11000000.0 1000000000.0 75000000.0 1000000000.0 286700000 28500000 0.45 75000000.0 1400000000 57600000 0.29 606000000.0 44700000 0.50 0.35 185900000 0.75 1 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:none;white-space:pre">COMMITMENTS AND CONTINGENCIES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:535pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:208.22pt">Unfunded Commitments Under Loans Receivabl</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:266.72pt;position:var(--position);text-decoration:none;white-space:pre;width:4.43pt">e</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:271.15pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:552.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:31.12pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:89.62pt;position:var(--position);text-decoration:none;white-space:pre;width:62.5pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.12pt;position:var(--position);text-decoration:none;white-space:pre;width:208.74pt">, we had aggregate unfunded commitments of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.86pt;position:var(--position);text-decoration:none;white-space:pre;width:49.42pt">$1.1 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:410.28pt;position:var(--position);text-decoration:none;white-space:pre;width:36.65pt"> across </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:446.93pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">53</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:456.93pt;position:var(--position);text-decoration:none;white-space:pre;width:96.56pt"> loans receivable, and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:564pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:59.97pt">$680.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.47pt;position:var(--position);text-decoration:none;white-space:pre;width:434.95pt"> of committed or identified financings for those commitments, resulting in net unfunded commitments of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:575.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:59pt">$427.4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:117.5pt;position:var(--position);text-decoration:none;white-space:pre;width:5.15pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.65pt;position:var(--position);text-decoration:none;white-space:pre;width:430.78pt">The unfunded loan commitments comprise funding for capital expenditures and construction, leasing costs,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:587pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">and interest and carry costs. Loan funding commitments are generally subject to certain conditions, including, without</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:598.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:411.79pt">limitation, the progress of capital projects, leasing, and cash flows at the properties securing our loans.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:470.29pt;position:var(--position);text-decoration:none;white-space:pre;width:83.15pt"> Therefore, the exact</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:610pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">timing and amounts of such future loan fundings are uncertain and will depend on the current and future performance of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:621.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">the underlying collateral assets. We expect to fund our loan commitments over the remaining term of the related loans,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:633pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:225.03pt">which have a weighted-average future funding period of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:283.53pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:286.03pt;position:var(--position);text-decoration:none;white-space:pre;width:36.08pt">1.7 years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.11pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:117.68pt">Principal Debt Repayments</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:176.18pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:192.81pt">Our contractual principal debt repayments as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:251.31pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:307.13pt;position:var(--position);text-decoration:none;white-space:pre;width:134.89pt"> were as follows ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:442.02pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:89pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:492pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:81.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:32.25pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:81.75pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.44pt;position:var(--position);text-decoration:none;white-space:pre">Year</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:85.5pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.43pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.86pt;position:var(--position);white-space:pre">Secured </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.38pt;position:var(--position);white-space:pre">Debt</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:31.800000000000004pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.43pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.88pt;position:var(--position);white-space:pre">Asset-Specific </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.38pt;position:var(--position);white-space:pre">Debt</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:31.800000000000004pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:199.5pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.43pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.08pt;position:var(--position);white-space:pre">Term </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.15pt;position:var(--position);white-space:pre">Loans</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:34.03pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.24pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.52pt;position:var(--position);text-decoration:none;white-space:pre">Senior </span></div><div style="line-height:8pt;position:var(--position);top:14.43pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.86pt;position:var(--position);text-decoration:none;white-space:pre">Secured </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.08pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.43pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.42pt;position:var(--position);white-space:pre">Convertible </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.05pt;position:var(--position);white-space:pre">Notes</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:33.14pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.24pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.41pt;position:var(--position);white-space:pre">Other </span></div><div style="line-height:8pt;position:var(--position);top:14.43pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.86pt;position:var(--position);white-space:pre">Secured </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.38pt;position:var(--position);white-space:pre">Debt</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:31.800000000000004pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(4)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.49pt;position:var(--position);white-space:pre">Total</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:38.7pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(5)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026 (remaining)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:85.5pt;position:var(--position);top:32.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:1.54pt"></span></span><span style="left:9.17pt;position:var(--position)">1,168,763<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:32.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:199.5pt;position:var(--position);top:32.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:26.669999999999998pt;position:var(--position)">9,619<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:32.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:32.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:32.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,178,382<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:85.5pt;position:var(--position);top:47.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:6.54pt"></span></span><span style="left:9.17pt;position:var(--position)">2,235,081<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:47.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">367,814<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:199.5pt;position:var(--position);top:47.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">19,239<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:47.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">335,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:47.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">266,157<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:47.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:47.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">3,223,607<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:85.5pt;position:var(--position);top:62.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:6.54pt"></span></span><span style="left:9.17pt;position:var(--position)">1,337,203<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:62.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:199.5pt;position:var(--position);top:62.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">19,239<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:62.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:62.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:62.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:62.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,356,442<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:85.5pt;position:var(--position);top:77.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">993,380<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:77.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">445,005<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:199.5pt;position:var(--position);top:77.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">453,085<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:77.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">450,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:77.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:77.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:77.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">2,341,470<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:85.5pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:6.54pt"></span></span><span style="left:9.17pt;position:var(--position)">2,062,897<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">159,816<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:199.5pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">748,851<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">38,386<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">3,009,950<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:85.5pt;position:var(--position);top:107.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">920,027<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:107.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:199.5pt;position:var(--position);top:107.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">665,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:107.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">450,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:107.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:107.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:107.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">2,035,027<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.63pt;position:var(--position);text-decoration:none;white-space:pre">Total obligation</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:85.5pt;position:var(--position);top:122.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:1.54pt"></span></span><span style="left:9.17pt;position:var(--position)">8,717,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:122.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">972,635<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:199.5pt;position:var(--position);top:122.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:1.54pt"></span></span><span style="left:9.17pt;position:var(--position)">1,915,033<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:122.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:1.54pt"></span></span><span style="left:9.17pt;position:var(--position)">1,235,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:122.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">266,157<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:122.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">38,386<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:122.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:8.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">13,144,878<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:231.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:242.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">Our secured debt and asset-specific debt agreements are generally term-matched to their underlying collateral.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:254.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">Therefore, the allocation of payments under such agreements is generally allocated based on the maximum maturity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:265.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">date of the collateral loans, assuming all extension options are exercised by the borrower. In limited instances, the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:277.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:217.75pt">maturity date of the respective debt agreement is used.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:288.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:274.79pt">The Term Loans are partially amortizing, with an amount equal to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.29pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">1.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:381.12pt;position:var(--position);text-decoration:none;white-space:pre;width:172.3pt"> per annum of the initial principal balance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:300.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:153.97pt">due in quarterly installments. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:239.47pt;position:var(--position);text-decoration:none;white-space:pre;width:31.92pt">Note 10</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.39pt;position:var(--position);text-decoration:none;white-space:pre;width:154.29pt"> for further details on our Term Loans.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.68pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:311.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">Reflects the outstanding principal balance of Convertible Notes, excluding any potential conversion premium. Refer</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:323.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.27pt">to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:95.77pt;position:var(--position);text-decoration:none;white-space:pre;width:31.92pt">Note 12</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:127.69pt;position:var(--position);text-decoration:none;white-space:pre;width:178.71pt"> for further details on our Convertible Notes.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:334.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(4)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:304.9pt">Amounts are included in other liabilities on our consolidated balance sheets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:346.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(5)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:92.72pt">Total does not include </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.22pt;position:var(--position);text-decoration:none;white-space:pre;width:46.37pt">$2.7 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.59pt;position:var(--position);text-decoration:none;white-space:pre;width:328.85pt"> of consolidated securitized debt obligations, as the satisfaction of these liabilities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:357.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:85.5pt;position:var(--position);width:149.02pt">will not require cash outlays from us.<span style="display:inline-block;height:6.93pt;width:30.98pt"></span></span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:387.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Board of Directors’ Compensation</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:404.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:26.4pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.9pt;position:var(--position);text-decoration:none;white-space:pre;width:57.78pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:142.68pt;position:var(--position);text-decoration:none;white-space:pre;width:5.98pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:148.66pt;position:var(--position);text-decoration:none;white-space:pre;width:16.81pt">our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:165.47pt;position:var(--position);text-decoration:none;white-space:pre;width:22.75pt">seven</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:188.22pt;position:var(--position);text-decoration:none;white-space:pre;width:263.78pt"> non-employee directors are entitled to annual compensation of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:452pt;position:var(--position);text-decoration:none;white-space:pre;width:37.5pt">$210,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:489.5pt;position:var(--position);text-decoration:none;white-space:pre;width:63.98pt"> each, of which</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:416.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">$95,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91pt;position:var(--position);text-decoration:none;white-space:pre;width:84.21pt"> is paid in cash and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:175.20999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:37.5pt">$115,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:212.71pt;position:var(--position);text-decoration:none;white-space:pre;width:340.67pt"> is paid in the form of deferred stock units or, at their election, shares of restricted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:427.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:91.56pt">common stock. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.06pt;position:var(--position);text-decoration:none;white-space:pre;width:57.6pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:207.66pt;position:var(--position);text-decoration:none;white-space:pre;width:45.4pt">, the other </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.06pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">two</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:268.05pt;position:var(--position);text-decoration:none;white-space:pre;width:285.31pt"> board members are employees of affiliates of our Manager who also</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:439.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:150.6pt">serve as executive officers and they</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:209.1pt;position:var(--position);text-decoration:none;white-space:pre;width:245.77pt"> are not compensated by us for their service as directors. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:454.87pt;position:var(--position);text-decoration:none;white-space:pre;width:98.47pt">In addition, (i) the lead</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:450.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:286.74pt">independent director receives additional annual cash compensation of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:345.24pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">$30,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:377.74pt;position:var(--position);text-decoration:none;white-space:pre;width:175.62pt">, (ii) the chairs of our audit, compensation,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:462.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:362.99pt">and corporate governance committees receive additional annual cash compensation of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:421.49pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">$20,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:453.99pt;position:var(--position);text-decoration:none;white-space:pre;width:6.68pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:460.67pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">$15,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.17pt;position:var(--position);text-decoration:none;white-space:pre;width:25.29pt">, and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:518.46pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">$10,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:473.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:50.75pt">respectively,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:109.25pt;position:var(--position);text-decoration:none;white-space:pre;width:444.1pt"> and (iii) the members of our audit and investment risk management committees receive additional annual cash</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:485.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:68.82pt">compensation of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:127.32pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">$10,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:159.82pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:179.25pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">$7,500</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:206.75pt;position:var(--position);text-decoration:none;white-space:pre;width:55.75pt">, respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:514.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Litigation </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:532.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">From time to time, we may be involved in various claims and legal actions arising in the ordinary course of business. As of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.32pt;position:var(--position);text-decoration:none;white-space:pre;width:228.88pt">, we were not involved in any material legal proceedings.</span> 1100000000 53 680300000 427400000 P1Y8M12D <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:192.81pt">Our contractual principal debt repayments as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:251.31pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:307.13pt;position:var(--position);text-decoration:none;white-space:pre;width:134.89pt"> were as follows ($ in thousands):</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:442.02pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="position:var(--position);top:89pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:492pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:81.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:32.25pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:81.75pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.44pt;position:var(--position);text-decoration:none;white-space:pre">Year</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:85.5pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.43pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.86pt;position:var(--position);white-space:pre">Secured </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.38pt;position:var(--position);white-space:pre">Debt</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:31.800000000000004pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.43pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.88pt;position:var(--position);white-space:pre">Asset-Specific </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.38pt;position:var(--position);white-space:pre">Debt</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:31.800000000000004pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:199.5pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.43pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.08pt;position:var(--position);white-space:pre">Term </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.15pt;position:var(--position);white-space:pre">Loans</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:34.03pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.24pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.52pt;position:var(--position);text-decoration:none;white-space:pre">Senior </span></div><div style="line-height:8pt;position:var(--position);top:14.43pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.86pt;position:var(--position);text-decoration:none;white-space:pre">Secured </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.08pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.43pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.42pt;position:var(--position);white-space:pre">Convertible </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.05pt;position:var(--position);white-space:pre">Notes</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:33.14pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);width:53.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.24pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.41pt;position:var(--position);white-space:pre">Other </span></div><div style="line-height:8pt;position:var(--position);top:14.43pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.86pt;position:var(--position);white-space:pre">Secured </span></div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:53.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.38pt;position:var(--position);white-space:pre">Debt</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:31.800000000000004pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(4)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.62pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.49pt;position:var(--position);white-space:pre">Total</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:38.7pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">(5)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026 (remaining)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:85.5pt;position:var(--position);top:32.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:1.54pt"></span></span><span style="left:9.17pt;position:var(--position)">1,168,763<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:32.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:199.5pt;position:var(--position);top:32.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:26.669999999999998pt;position:var(--position)">9,619<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:32.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:32.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:32.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,178,382<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:85.5pt;position:var(--position);top:47.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:6.54pt"></span></span><span style="left:9.17pt;position:var(--position)">2,235,081<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:47.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">367,814<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:199.5pt;position:var(--position);top:47.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">19,239<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:47.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">335,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:47.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">266,157<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:47.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:47.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">3,223,607<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:85.5pt;position:var(--position);top:62.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:6.54pt"></span></span><span style="left:9.17pt;position:var(--position)">1,337,203<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:62.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:199.5pt;position:var(--position);top:62.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">19,239<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:62.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:62.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:62.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:62.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,356,442<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:85.5pt;position:var(--position);top:77.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">993,380<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:77.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">445,005<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:199.5pt;position:var(--position);top:77.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">453,085<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:77.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">450,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:77.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:77.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:77.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">2,341,470<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:85.5pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:6.54pt"></span></span><span style="left:9.17pt;position:var(--position)">2,062,897<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">159,816<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:199.5pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">748,851<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">38,386<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">3,009,950<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:85.5pt;position:var(--position);top:107.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">920,027<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:107.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:199.5pt;position:var(--position);top:107.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">665,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:107.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">450,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:107.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:107.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:107.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">2,035,027<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:81.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:81.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.63pt;position:var(--position);text-decoration:none;white-space:pre">Total obligation</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:85.5pt;position:var(--position);top:122.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:1.54pt"></span></span><span style="left:9.17pt;position:var(--position)">8,717,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:142.5pt;position:var(--position);top:122.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">972,635<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:199.5pt;position:var(--position);top:122.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:1.54pt"></span></span><span style="left:9.17pt;position:var(--position)">1,915,033<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:122.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:1.54pt"></span></span><span style="left:9.17pt;position:var(--position)">1,235,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:122.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">266,157<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:122.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">38,386<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:122.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:8.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">13,144,878<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:231.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:54pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:54pt"></td></tr><tr style="height:4.5pt"><td style="border-bottom:0.75pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:242.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">Our secured debt and asset-specific debt agreements are generally term-matched to their underlying collateral.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:254.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">Therefore, the allocation of payments under such agreements is generally allocated based on the maximum maturity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:265.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">date of the collateral loans, assuming all extension options are exercised by the borrower. In limited instances, the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:277.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:217.75pt">maturity date of the respective debt agreement is used.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:288.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:274.79pt">The Term Loans are partially amortizing, with an amount equal to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.29pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">1.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:381.12pt;position:var(--position);text-decoration:none;white-space:pre;width:172.3pt"> per annum of the initial principal balance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:300.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:153.97pt">due in quarterly installments. Refer to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:239.47pt;position:var(--position);text-decoration:none;white-space:pre;width:31.92pt">Note 10</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.39pt;position:var(--position);text-decoration:none;white-space:pre;width:154.29pt"> for further details on our Term Loans.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.68pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:311.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">Reflects the outstanding principal balance of Convertible Notes, excluding any potential conversion premium. Refer</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:323.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.27pt">to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:95.77pt;position:var(--position);text-decoration:none;white-space:pre;width:31.92pt">Note 12</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:127.69pt;position:var(--position);text-decoration:none;white-space:pre;width:178.71pt"> for further details on our Convertible Notes.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:334.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(4)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:304.9pt">Amounts are included in other liabilities on our consolidated balance sheets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:346.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.66pt">(5)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:92.72pt">Total does not include </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.22pt;position:var(--position);text-decoration:none;white-space:pre;width:46.37pt">$2.7 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.59pt;position:var(--position);text-decoration:none;white-space:pre;width:328.85pt"> of consolidated securitized debt obligations, as the satisfaction of these liabilities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:357.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:85.5pt;position:var(--position);width:149.02pt">will not require cash outlays from us.<span style="display:inline-block;height:6.93pt;width:30.98pt"></span></span></span></div> 1168763000 0 9619000 0 0 0 1178382000 2235081000 367814000 19239000 335316000 266157000 0 3223607000 1337203000 0 19239000 0 0 0 1356442000 993380000 445005000 453085000 450000000 0 0 2341470000 2062897000 159816000 748851000 0 0 38386000 3009950000 920027000 0 665000000 450000000 0 0 2035027000 8717351000 972635000 1915033000 1235316000 266157000 38386000 13144878000 0.010 2700000000 7 210000 95000 115000 2 30000 20000 15000 10000 10000 7500 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:none;white-space:pre">SEGMENT REPORTING</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:590.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">Operating segments are defined as components of a business that can earn revenues and incur expenses for which discrete</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:602.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">financial information is available that is evaluated on a regular basis by the chief operating decision maker, or CODM. Our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:613.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:112.35pt">CODM is, collectively, our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:170.85pt;position:var(--position);text-decoration:none;white-space:pre;width:212.28pt">Chief Executive Officer and Chief Financial Officer,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:383.13pt;position:var(--position);text-decoration:none;white-space:pre;width:170.36pt"> who decide how to allocate resources and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:625.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:417.59pt">assess performance. A single management team reports to the CODM, who manages the entire business.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:648.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:143.95pt">We have determined that we have </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.45pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:216.88pt;position:var(--position);text-decoration:none;white-space:pre;width:336.6pt"> reportable segment based on how the CODM reviews and manages the business,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:660.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:331.78pt">which originates and acquires commercial mortgage loans and related investments.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:390.28pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:683.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">Our CODM reviews, among other things, consolidated net income (loss) that is reported on the Consolidated Statements of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:695.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">Operations to make decisions, allocate resources and assess performance and does not evaluate the net income (loss) from</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:706.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">any separate geography or product line. The measure of segment assets is reported on the Consolidated Balance Sheets as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:718.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:99.03pt">total consolidated assets.</span></div> 1 1 false false false false