v3.26.1
Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Instruments

As of June 30, 2026 and December 31, 2025, all financial instruments and liabilities were reflected in our condensed consolidated balance sheets at amounts which, in our estimation, reasonably approximated their fair values, except for the following:

 

 

 

June 30, 2026

 

 

December 31, 2025

 

 

Estimated fair value

 

 

Carrying value

 

 

Estimated fair value

 

 

Carrying value

 

Investment in real estate debt, net

 

$

76,004

 

 

$

75,629

 

 

$

75,969

 

 

$

74,921

 

Secured debt, net

 

 

(1,196,988

)

 

 

(1,193,502

)

 

 

(1,119,471

)

 

 

(1,104,656

)