SUBSEQUENT EVENTS |
3 Months Ended |
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Mar. 31, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | NOTE 16 — SUBSEQUENT EVENTS Redemption of Shares of Common Stock Subsequent to March 31, 2026, the Company redeemed approximately 1.5 million shares for $7.6 million (at an average redemption price of $5.14 per share). The remaining redemption requests received during the three months ended March 31, 2026 totaling approximately 43.7 million shares went unfulfilled. Investment, Acquisition and Disposition Activity Subsequent to March 31, 2026, the Company’s investment, acquisition and disposition activity included the following: •Disposed of one condominium unit for a gross sales price of $7.6 million, resulting in net proceeds of $7.0 million after closing costs and a gain of approximately $570,000. •Disposed of five net lease properties for a gross sales price of $19.0 million, resulting in net proceeds of $17.9 million after closing costs and a gain of approximately $1.7 million. •Settled $6.7 million on the purchase of one corporate senior loan. •Originated two first mortgage loans with an aggregate principal balance of $155.1 million, funded an aggregate amount of $12.1 million to eight of the Company’s first mortgage loans, and received $193.9 million of principal repayments on one of the Company’s first mortgage loans. Financing Activity •Repaid $145.5 million of borrowings under the note on note financing arrangements with Barclays and Citibank, both of which are held through CLR. •Borrowed $134.8 million under the repurchase facilities with Wells Fargo, held through CLR.
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