| Summary of Net Loans Receivable and Investments |
The following is a summary of our loans receivable and investments, net (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortized Cost | | Allowance | | | | Carrying Amount | | Fair Value | As of September 30, 2026: | | | | | | | | | | Net real estate investments | | | | | | | | | | Secured loans receivable and investments, net | $ | 442,287 | | | $ | — | | | | | $ | 442,287 | | | $ | 434,913 | | Other assets | | | | | | | | | | Non-mortgage loans receivable, net | 23,917 | | | (3,235) | | | | | 20,682 | | | 19,598 | | Total loans receivable and investments, net (1) | $ | 466,204 | | | $ | (3,235) | | | | | $ | 462,969 | | | $ | 454,511 | | As of December 31, 2025: | | | | | | | | | | Net real estate investments | | | | | | | | | | Secured loans receivable and investments, net | $ | 143,913 | | | $ | — | | | | | $ | 143,913 | | | $ | 146,364 | | Other assets | | | | | | | | | | Non-mortgage loans receivable, net | 24,062 | | | (3,235) | | | | | 20,827 | | | 20,432 | | Total loans receivable and investments, net (1) | $ | 167,975 | | | $ | (3,235) | | | | | $ | 164,740 | | | $ | 166,796 | |
______________________________ (1)Loans receivable and investments, net have contractual maturities ranging from 2026 to 2041.
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