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Investments in Equity Affiliates (Tables)
 3 Months Ended
Mar. 31, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
We account for all investments in equity affiliates under the equity method. A summary of these investments is as follows ($ in thousands):
Investments in Equity Affiliates atUPB of Loans to Equity Affiliates at March 31, 2026
Equity Affiliates March 31, 2026December 31, 2025
AWC Real Estate Opportunity Partners I LP$16,782 $17,134 $108,450 
Fifth Wall Ventures16,765 17,260 — 
AMAC Holdings III LLC12,259 12,714 33,410 
ARSR DPREF I LLC5,843 5,745 — 
Lightstone Value Plus REIT L.P.1,895 1,895 — 
Clarus Berkley1,500 1,500 67,900 
The Park at Via Terrossa563 578 21,845 
Docsumo Pte. Ltd.450 450 — 
JT Prime425 425 — 
The Cypress at Wesley Park265 265 14,964 
Lexford Portfolio— — — 
East River Portfolio— — — 
Total$56,747 $57,966 $246,569