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Real Estate Transactions (Tables)

9 Months Ended

Sep. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Loan Originations

The following table summarizes our real estate debt investment activity during the nine months ended September 30, 2025:

(In thousands)

Investment Name

Maximum Principal Amount

Investment Type

Collateral

One Beverly Hills Loan

$

450,000

Mezzanine

Luxury experiential lifestyle hub in Beverly Hills, California

North Fork Casino Loan

510,000

Senior Secured Loan

The personal property and revenues of the North Fork Mono Casino & Resort located near Madera, California

Total

$

960,000

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Summary Of Loan Originations

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