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Real estate owned, held for sale | 9 Months Ended
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Sep. 30, 2022
Real estate owned, held for sale |
Real estate owned, held for sale | Note 17. Real estate owned, held for sale ​ The table below presents details on the real estate owned, held for sale portfolio. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | September 30, 2022 |  | December 31, 2021
Acquired Portfolio: | ​ | ​ | ​ | ​ | ​ | ​
Mixed Use |  | $ | 34,947 |  | $ | 1,020
Land | ​ | ​ | — | ​ | ​ | 6,318
Multi-family | ​ | ​ | 14,752 | ​ | ​ | —
Total Acquired REO | ​ | $ | 49,699 | ​ | $ | 7,338
Other REO held for sale: | ​ | ​ | ​ | ​ | ​ | ​
Single Family | ​ | $ | 24,300 | ​ | $ | 24,300
Retail | ​ | ​ | 1,853 | ​ | ​ | 3,129
Office | ​ | ​ | 7,125 | ​ | ​ | 7,384
SBA | ​ |  | — | ​ |  | 137
Total Other REO | ​ | $ | 33,278 | ​ | $ | 34,950
Total real estate owned, held for sale | ​ | $ | 82,977 | ​ | $ | 42,288
​ In the table above, Other REO excludes $1.0 million as of September 30, 2022 of real estate owned, held for sale within consolidated VIEs. No such exclusions were made as of December 31, 2021. ​ During September 2022, based on updated valuations obtained, the Company recorded a measurement period adjustment of $33.9 million to decrease the value of real estate owned, held for sale in connection with the Mosaic Mergers. Refer to Note 5 for further details on assets acquired and liabilities assumed in connection with the Mosaic Mergers.

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- Definition The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124259787&loc=d3e4437-111522 + Details
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