v3.26.1
Investments in Real Estate Securities, at Fair Value (Tables)
6 Months Ended
Jun. 30, 2026
Real Estate [Line Items]  
Schedule of Investments in Real Estate Securities, at Fair Value

The following table summarizes the Company’s investments in real estate debt, at fair value:

 

 

Six Months Ended June 30, 2026

 

 

Year Ended December 31, 2025

 

Beginning balance

 

$

19,273,251

 

 

$

 

Additions

 

 

7,008,438

 

 

 

25,142,288

 

Repayments

 

 

(272

)

 

 

(5,855,031

)

Premium amortization (discount accretion)

 

 

772

 

 

 

(382

)

Change in unrealized gain (loss)

 

 

(22,463

)

 

 

(13,624

)

Ending balance

 

$

26,259,726

 

 

$

19,273,251

 

Equity Securities [Member]  
Real Estate [Line Items]  
Schedule of Investments in Real Estate Securities, at Fair Value

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