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Related Party Transactions and Investments in Non-Consolidated Entities (Tables)

9 Months Ended

Sep. 30, 2022

Maximum

Amount

Interest

(dollars in thousands, except footnotes)

Maturity

Amount

Outstanding

Rate at

Sponsored REIT

Location

Date

of Loan

30-Sep-22

Mortgage loan secured by property

FSP Monument Circle LLC (1)

Indianapolis, IN

30-Jun-23

24,000

7.51

24,000

(1)	The interest rate is a fixed rate and this mortgage loan includes an origination fee of $164,000 and an exit fee of $38,000 when repaid by the borrower.


	For the Nine Months Ended September 30,
(Dollars in thousands)		2022		2021

Beginning allowance for credit losses	$	—	$	—
Additional increases to the allowance for credit losses		1,857		—
Ending allowance for credit losses	$	1,857	$	—


	Fair Value (1) at			Significant	Range				Weighted
Description	September 30, 2022		Valuation Technique	Unobservable Input	Min		Max		Average (2)
		(in thousands)

Sponsored REIT Loan	$	22,143	Discounted Cash Flows	Exit Cap Rate	7.50	%	7.50	%	7.50	%
				Discount Rate	8.75	%	8.75	%	8.75	%

(1) Classified within Level 3 of the fair value hierarchy.
(2) Unobservable inputs were weighted based on the fair value of the related instrument.