Investment in Real Estate Debt, Net |
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| Financing Receivable, after Allowance for Credit Loss [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment in Real Estate Debt, Net | 4. Investment in Real Estate Debt, Net The following table details the Company’s investment in real estate debt:
(1) Represents the one-month SOFR, which was 3.68% as of June 30, 2026.
(1) Net of a $549 CECL Allowance. (2) Represents the one-month SOFR, which was 3.88% as of December 31, 2025. CECL Allowance During the three months ended June 30, 2026, the Company reversed its CECL allowance as a result of the repayment of its investment in real estate debt subsequent to the end of the period. During the three and six months ended June 30, 2025, the Company did not record any charge-offs or recoveries related to its investment in real estate debt. As of June 30, 2026, the Company’s investment in real estate debt was not delinquent. |
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