v3.26.1
Investments in Real Estate Securities, at Fair Value
6 Months Ended
Jun. 30, 2026
Real Estate Investments, Net [Abstract]  
Investments in Real Estate Securities, at Fair Value

Note 5. Investments in Real Estate Securities, at Fair Value

As of June 30, 2026 and December 31, 2025, the Company’s investments in real estate securities consisted of shares of common stock of publicly listed REITs. Investments in real estate securities are valued using the policies and procedures outlined in Note 2. Significant Accounting Policies.

The following table summarizes the investments in real estate securities, at fair value:

 

 

June 30, 2026

 

 

December 31, 2025

 

Cost

 

$

493,936

 

 

$

483,728

 

Unrealized gain (loss)

 

 

107,926

 

 

 

34,903

 

Investments in real estate securities, at fair value

 

$

601,862

 

 

$

518,631