incref-20260331

0001976927-26-000033.txt : 20260511 0001976927-26-000033.hdr.sgml : 20260511 20260511152033 ACCESSION NUMBER: 0001976927-26-000033 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 94 CONFORMED PERIOD OF REPORT: 20260331 FILED AS OF DATE: 20260511 DATE AS OF CHANGE: 20260511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Invesco Commercial Real Estate Finance Trust, Inc. CENTRAL INDEX KEY: 0001976927 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction EIN: 921080856 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-56564 FILM NUMBER: 26962651 BUSINESS ADDRESS: STREET 1: 2300 N FIELD STREET, SUITE 1200 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 972-715-7400 MAIL ADDRESS: STREET 1: 2300 N FIELD STREET, SUITE 1200 CITY: DALLAS STATE: TX ZIP: 75201 10-Q 1 incref-20260331.htm 10-Q incref-20260331

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________________________________________

FORM 10-Q

_______________________________________________


(Mark One)
☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 000-56564

Invesco Commercial Real Estate Finance Trust, Inc.

(Exact name of registrant as specified in its charter)

_______________________________________________


Maryland						92-1080856
(State or Other Jurisdiction of Incorporation or Organization)						(I.R.S. Employer Identification No.)

2300 N Field Street, Suite 1200 Dallas, Texas						75201
(Address of principal executive offices)						(Zip Code)

(972) 715-7400

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name, Former Address and Former Fiscal Year, If Changed Since Last Report)

Securities registered pursuant to Section 12(b) of the Act: None

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer

☐

Accelerated filer

☐

Non-accelerated filer

☒

Smaller reporting company

☐

Emerging growth company

☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of May 8, 2026, there were 52,967,756 outstanding shares of common stock of Invesco Commercial Real Estate Finance Trust, Inc. comprised of 1,817,036 Class S common stock, 24,390,051 Class S-1 common stock, 1,510,712 Class D common stock, 322,925 Class D-1 common stock, 13,657,812 Class I common stock, 2,167,590 Class E common stock, and 9,101,630 Class F common stock.

Invesco Commercial Real Estate Finance Trust, Inc.

Table of Contents


		Page
PART I FINANCIAL INFORMATION		1

Item 1.	Financial Statements	1

	Unaudited Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025	1

	Unaudited Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2026 and 2025	2

	Unaudited Condensed Consolidated Statements of Changes in Equity and Redeemable Common Stock for the three months ended March 31, 2026 and 2025	3

	Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025	4

	Notes to Unaudited Condensed Consolidated Financial Statements	5

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	28

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	45

Item 4.	Controls and Procedures	48

PART II OTHER INFORMATION		49

Item 1.	Legal Proceedings	49

Item 1A.	Risk Factors	49

Item 2.	Use of Proceeds and Issuer Purchases of Equity Securities	49

Item 3.	Defaults Upon Senior Securities	50

Item 4.	Mine Safety Disclosures	50

Item 5.	Other Information	51

Item 6.	Exhibits	52

SIGNATURES

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Invesco Commercial Real Estate Finance Trust, Inc.

Condensed Consolidated Balance Sheets

(Unaudited)


$ in thousands except share amounts	March 31, 2026		December 31, 2025
ASSETS
Commercial real estate loan investments, at fair value (including pledged loans of $5,020,686 and $4,475,009, respectively)	$	5,200,218	$	4,702,728
Real estate-related securities, at fair value	17,222		14,818
Cash and cash equivalents	19,405		16,557
Restricted cash	34,334		29,058
Interest receivable	22,161		20,746

Derivative assets, at fair value	3,134		615
Other assets	38,429		655
Total assets(1)	$	5,334,903	$	4,785,177

LIABILITIES
Secured lending agreements, at fair value	$	2,820,938	$	2,359,543
Term lending agreements, at fair value	223,397		223,033
Collateralized loan obligations, at fair value	1,004,858		1,005,157
Revolving credit facility, at fair value	16,000		55,000
Interest payable	13,282		12,795
Derivative liabilities, at fair value	838		1,992

Dividends and distributions payable (including $828 and $804 due to related party, respectively)	7,277		6,536
Accounts payable, accrued expenses and other liabilities	45,390		31,526
Due to affiliates	42,545		47,261
Total liabilities(1)	4,174,525		3,742,843

Commitments and contingencies (See Note 14)	—		—

Redeemable common stock - related party (see Note 11)	$	131,747	$	127,691

EQUITY


Common stock, Class S shares, $0.01 par value per share, 500,000,000 shares authorized	3		2
Common stock, Class S-1 shares, $0.01 par value per share, 500,000,000 shares authorized	226		203
Common stock, Class D shares, $0.01 par value per share, 500,000,000 shares authorized	—		—
Common stock, Class D-1 shares, $0.01 par value per share, 500,000,000 shares authorized	1		—
Common stock, Class I shares, $0.01 par value per share, 500,000,000 shares authorized	106		85
Common stock, Class E shares, $0.01 par value per share, 500,000,000 shares authorized	1		1
Common stock, Class F shares, $0.01 par value per share, 500,000,000 shares authorized	91		89
Additional paid-in capital	1,046,115		930,845
Accumulated other comprehensive income	23		94
Accumulated deficit	(18,048)		(16,676)
Total stockholders’ equity	1,028,518		914,643
Non-controlling interest	113		—
Total equity	1,028,631		914,643
Total liabilities, redeemable common stock and equity	$	5,334,903	$	4,785,177

(1) The condensed consolidated balance sheets at March 31, 2026 and December 31, 2025 include assets of $1.2 billion and liabilities of $1.0 billion of a consolidated collateralized loan obligation, which is a variable interest entity (“VIE”). The VIE’s assets can only be used to settle the obligations of the VIE. See Note 6 — “Collateralized Loan Obligations”, for additional information.

See accompanying notes to condensed consolidated financial statements.

Invesco Commercial Real Estate Finance Trust, Inc.

Condensed Consolidated Statements of Comprehensive Income

(Unaudited)


	Three Months Ended March 31,
$ in thousands except share and per share amounts	2026		2025
Net Interest Income
Commercial real estate loan interest income	$	77,125	$	46,841
Real estate-related securities interest income	234		—
Other interest income	865		975
Interest expense	(51,619)		(31,297)
Net interest income	26,605		16,519

Other Income (Expense)
Unrealized gain (loss) on loans, net	(16,230)		12,680
Gain (loss) on real estate-related securities, net	(46)		—
Unrealized gain (loss) on secured financing facilities, net	10,142		(8,474)
Unrealized gain (loss) on collateralized loan obligations, net	871		—
Gain (loss) on derivative instruments, net	6,259		(2,180)
Gain (loss) on foreign currency transactions, net	(466)		9
Commitment fee income, net of related party expense of $1,463 and $2,119 for the three months ended March 31, 2026 and 2025, respectively	4,380		2,119
Other income and (expense), net	192		289
Total other income (expense), net	5,102		4,443

Expenses
Management and performance fees - related party	3,804		1,830
Debt issuance and other financing costs related to borrowings, at fair value	4,868		4,916
Organizational costs	—		2
General and administrative	3,319		2,550
Total expenses	11,991		9,298

Net income (loss)	19,716		11,664
Net income (loss) attributable to non-controlling interest	3		—
Dividends to preferred stockholders	—		(2)
Issuance and redemption costs of redeemed preferred stock	—		(27)
Net income (loss) attributable to common stockholders	$	19,713	$	11,635

Net income (loss)	$	19,716	$	11,664
Currency translation adjustment	(71)		26
Comprehensive income (loss)	19,645		11,690
Net income (loss) attributable to non-controlling interest	3		—
Dividends to preferred stockholders	—		(2)
Issuance and redemption costs of redeemed preferred stock	—		(27)
Comprehensive income (loss) attributable to common stockholders	$	19,642	$	11,661

Earnings (loss) per share:
Net income (loss) attributable to common stockholders
Basic	$	0.42	$	0.43
Diluted	$	0.42	$	0.43
Weighted average number of shares of common stock
Basic	46,541,642		27,233,292
Diluted	46,541,867		27,233,368

See accompanying notes to condensed consolidated financial statements.

Invesco Commercial Real Estate Finance Trust, Inc.

Condensed Consolidated Statements of Changes in Equity and Redeemable Common Stock

(Unaudited)


	Series A Preferred Stock		Class S Common Stock		Class S-1 Common Stock		Class D Common Stock		Class D-1 Common Stock		Class I Common Stock		Class E Common Stock		Class F Common Stock		Additional Paid-in Capital		Accumulated Other Comprehensive Income (Loss)		Retained Earnings (Accumulated Deficit)		Total Stockholders' Equity		Non-Controlling Interest		Total Equity		Redeemable Common Stock
$ in thousands
Balance as of December 31, 2025	$	—	$	2	$	203	$	—	$	—	$	85	$	1	$	89	$	930,845	$	94	$	(16,676)	$	914,643	$	—	$	914,643	$	127,691
Net income (loss)	—		—		—		—		—		—		—		—		—		—		19,713		19,713		3		19,716		—

Proceeds from issuance of common stock, net of offering costs	—		1		24		—		1		24		—		—		121,508		—		—		121,558		—		121,558		—
Proceeds from issuance of redeemable common stock	—		—		—		—		—		—		—		—		—		—		—		—		—		—		6,804
Common stock distribution reinvestment	—		—		3		—		—		1		—		2		13,104		—		—		13,110		—		13,110		—
Common stock dividends	—		—		—		—		—		—		—		—		—		—		(21,085)		(21,085)		—		(21,085)		—

Proceeds from non-controlling interest, net of offering costs	—		—		—		—		—		—		—		—		—		—		—		—		113		113		—
Distributions on non-controlling interest	—		—		—		—		—		—		—		—		—		—		—		—		(3)		(3)		—
Amortization of equity based compensation	—		—		—		—		—		—		—		—		62		—		—		62		—		62		—
Repurchase of common stock	—		—		(4)		—		—		(4)		—		—		(19,304)		—		—		(19,312)		—		(19,312)		—
Repurchase of redeemable common stock	—		—		—		—		—		—		—		—		—		—		—		—		—		—		(2,848)

Foreign currency translation adjustment	—		—		—		—		—		—		—		—		—		(71)		—		(71)		—		(71)		—
Adjustment to the carrying value of redeemable common stock	—		—		—		—		—		—		—		—		(100)		—		—		(100)		—		(100)		100
Balance as of March 31, 2026	$	—	$	3	$	226	$	—	$	1	$	106	$	1	$	91	$	1,046,115	$	23	$	(18,048)	$	1,028,518	$	113	$	1,028,631	$	131,747


	Series A Preferred Stock		Class S Common Stock		Class S-1 Common Stock		Class D Common Stock		Class D-1 Common Stock		Class I Common Stock		Class E Common Stock		Class F Common Stock		Additional Paid-in Capital		Accumulated Other Comprehensive Income (Loss)		Retained Earnings (Accumulated Deficit)		Total Stockholders' Equity		Non-Controlling Interest		Total Equity		Redeemable Common Stock
$ in thousands
Balance at December 31, 2024	$	205	$	—	$	72	$	—	$	—	$	27	$	1	$	82	$	448,947	$	(65)	$	(13,920)	$	435,349	$	—	$	435,349	$	151,367
Net income (loss)	—		—		—		—		—		—		—		—		—		—		11,664		11,664		—		11,664		—

Proceeds from issuance of common stock, net of offering costs	—		—		33		—		—		11		—		—		105,624		—		—		105,668		—		105,668		—
Proceeds from issuance of redeemable common stock	—		—		—		—		—		—		—		—		—		—		—		—		—		—		2,814
Common stock distribution reinvestment	—		—		1		—		—		—		—		2		7,565		—		—		7,568		—		7,568		—
Common stock dividends	—		—		—		—		—		—		—		—		—		—		(12,943)		(12,943)		—		(12,943)		—
Preferred stock dividends	—		—		—		—		—		—		—		—		—		—		(2)		(2)		—		(2)		—
Amortization of equity based compensation	—		—		—		—		—		—		—		—		19		—		—		19		—		19		—
Repurchase of common stock	—		—		—		—		—		—		—		—		(754)		—		—		(754)		—		(754)		—
Repurchase of redeemable common stock	—		—		—		—		—		—		—		—		—		—		—		—		—		—		(30,000)
Redemption of preferred stock	(205)		—		—		—		—		—		—		—		—		—		(27)		(232)		—		(232)		—
Foreign currency translation adjustment	—		—		—		—		—		—		—		—		—		26		—		26		—		26		—
Adjustment to the carrying value of redeemable common stock	—		—		—		—		—		—		—		—		(160)		—		—		(160)		—		(160)		160
Balance at March 31, 2025	$	—	$	—	$	106	$	—	$	—	$	38	$	1	$	84	$	561,241	$	(39)	$	(15,228)	$	546,203	$	—	$	546,203	$	124,341

See accompanying notes to condensed consolidated financial statements.

Invesco Commercial Real Estate Finance Trust, Inc.

Condensed Consolidated Statements of Cash Flows

(Unaudited)


	Three Months Ended March 31,
$ in thousands	2026		2025
Cash flows from operating activities:
Net income (loss)	$	19,716	$	11,664
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Unrealized (gain) loss on loans, net	16,230		(12,680)
(Gain) loss on real estate-related securities, net	46		—
Unrealized (gain) loss on secured financing facilities, net	(10,142)		8,474
Unrealized (gain) loss on collateralized loan obligations, net	(871)		—
(Gain) loss on derivative instruments, net	(6,259)		2,180
(Gain) loss on foreign currency transactions	5		—
Debt issuance costs	4,062		3,541
Amortization of equity based compensation and other	634		19
Change in operating assets and liabilities:
Increase in operating assets	(2,467)		(1,019)

Increase (decrease) in operating liabilities	1,670		(458)
Increase (decrease) in due to affiliate	110		(450)
Net cash provided by operating activities	22,734		11,271
Cash flows from investing activities:
Originations and fundings of commercial real estate loans	(595,601)		(384,706)
Purchase of real estate-related securities	(1,700)		—
Principal payments from commercial real estate loans	45,112		—

Settlement of foreign currency forward contracts, net	2,586		117
Net cash used in investing activities	(549,603)		(384,589)
Cash flows from financing activities:
Proceeds from revolving credit facility	220,000		135,000
Repayment of revolving credit facility	(259,000)		(135,000)
Proceeds from secured financing facilities	506,497		286,301
Repayment of secured financing facilities	(34,596)		—

Proceeds from issuance of common stock, net of offering costs	95,650		89,741
Proceeds from non-controlling interest, net of offering costs	113		—

Repurchase of common stock	(13,973)		(809)
Repurchase of redeemable common stock	(2,848)		(30,000)
Redemption of preferred stock	—		(232)
Proceeds from subscriptions paid in advance	32,095		28,495

Cash paid for debt issuance costs	(1,674)		(1,079)
Payments of dividends	(7,234)		(4,885)
Net cash provided by financing activities	535,030		367,532
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(37)		(1)
Net change in cash, cash equivalents and restricted cash	8,124		(5,787)
Cash, cash equivalents and restricted cash, beginning of period	45,615		100,034
Cash, cash equivalents and restricted cash, end of period	$	53,739	$	94,247





Supplemental disclosures:
Interest paid	$	50,560	$	31,770

Non-cash investing and financing activities:
Dividends and distributions declared not paid	$	7,277	$	4,257
Common stock distribution reinvestment	13,110		7,568
Issuance of redeemable common stock for payment of management and performance fees	6,804		2,814
Accrued common stock repurchases	6,244		—

Offering costs due to affiliates	1,978		3,857
Real estate-related securities purchased, not settled	750		—


Adjustment to carrying value of redeemable common stock	100		160
Principal payments from commercial real estate loans due from servicer	36,768		—
Distributions to non-controlling interest, not yet paid	3		—

See accompanying notes to condensed consolidated financial statements.

Invesco Commercial Real Estate Finance Trust, Inc.

Notes to Condensed Consolidated Financial Statements

(Unaudited)

1.Organization and Business Purpose

Invesco Commercial Real Estate Finance Trust, Inc. (the “Company” or “we”) is a Maryland corporation incorporated in October 2022. Our primary investment strategy is to originate, acquire and manage a diversified portfolio of loans and debt-like preferred equity interests secured by, or unsecured but related to, commercial real estate. We commenced investing activities in May 2023. We own substantially all of our assets through Invesco Commercial Real Estate Finance Investments, L.P. (the “Operating Partnership”), a wholly-owned subsidiary. We are externally managed by Invesco Advisers, Inc. (the “Adviser”), a registered investment adviser and an indirect, wholly-owned subsidiary of Invesco Ltd. (“Invesco”), an independent global investment management firm.

We qualified as a real estate investment trust (“REIT”) for U.S. federal income tax purposes beginning with the taxable year ended December 31, 2023. We have one operating segment. We operate our business in a manner that permits our exclusion from the definition of an “Investment Company” under the Investment Company Act of 1940, as amended (the “Investment Company Act”).

We are structured as a perpetual-life REIT and are engaging in a continuous, unlimited private placement offering of our common stock to “accredited investors” (as defined by Rule 501 promulgated pursuant to the Securities Act) (the “Continuous Offering”) under exemptions provided by Section 4(a)(2) of the Securities Act and applicable state securities laws. The Class S, Class S-1, Class D, Class D-1, Class I, and Class E shares sold in our Continuous Offering have different upfront selling commissions, ongoing stockholder servicing fees, management fees and performance fees.

2.Summary of Significant Accounting Policies

Basis of Presentation

Certain disclosures included in our Annual Report on Form 10-K are not required to be included on an interim basis in our quarterly reports on Form 10-Q. We have condensed or omitted these disclosures. Therefore, this Form 10-Q should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2025.

Consolidation

Our condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and consolidate the financial statements of the Company and its controlled subsidiaries. In determining whether we have a controlling financial interest in a partially owned entity, we consider whether the entity is a variable interest entity (“VIE”) and whether we are the primary beneficiary. We are the primary beneficiary of a VIE when we have both the power to direct the most significant activities impacting the economic performance of the VIE and the obligation to absorb losses or receive benefits significant to the VIE. See additional information on our VIEs for the collateralized loan obligations issuer (“CLO Issuer” or “INCREF 2025-FL1”) in Note 6 — “Collateralized Loan Obligations.” All significant intercompany transactions, balances, revenues and expenses are eliminated in consolidation. In the opinion of management, the condensed consolidated financial statements reflect all adjustments, consisting of normal recurring accruals, which are necessary for a fair statement of our financial condition and results of operations for the periods presented.

Use of Estimates

The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our condensed consolidated financial statements and accompanying notes. Examples of estimates may include, but are not limited to, estimates of the fair values of financial instruments and estimated payment periods for certain stockholder servicing fee liabilities. Actual results may differ from those estimates.

Cash and Cash Equivalents

We consider all highly liquid investments that have original or remaining maturity dates of three months or less when purchased to be cash equivalents. Certain cash balances may be held in brokerage accounts that also hold our securities investments and may be swept into money market funds that meet the criteria for classification as cash equivalents. Cash and cash equivalents are carried at cost, which approximates fair value due to the highly liquid and short-term nature of these

instruments. We may have cash balances in excess of federally insured amounts. We mitigate our risk of loss by maintaining cash deposits with high credit-quality institutions and by actively monitoring the credit risk of our counterparties.

Restricted Cash

Restricted cash represents (i) cash deposited with our transfer agent for investor subscriptions received prior to the date the subscriptions are effective, (ii) cash held by foreign subsidiaries that cannot be used to pay dividends without local regulatory authority approval, and (iii) cash held by the Company’s collateralized loan obligations issuer pending reinvestment in eligible collateral. See Note 6 — “Collateralized Loan Obligations” for additional details.

Due From Servicer

As of March 31, 2026, the Company had a balance of $37.5 million related to amounts collected by the loan servicer but not yet remitted to the Company’s consolidated CLO Issuer and to the Company. These amounts primarily represent principal and interest payments received from a borrower prior to quarter-end but not yet transferred to the Company’s consolidated CLO and to the Company. This amount is included in Other Assets on the condensed consolidated balance sheet as of March 31, 2026.

Income Taxes

We elect to treat certain of our corporate subsidiaries as taxable REIT subsidiaries (“TRS”) which are subject to federal, state and local corporate income tax, as applicable. TRSs hold investments in assets, income streams, operating companies and associated expenses that produce non-qualifying items for purposes of REIT testing. Current income tax expense is recorded within other income (expense), net on our condensed consolidated statements of comprehensive income. Deferred tax assets, valuation allowance, and deferred tax liabilities are recorded within other assets or other liabilities, as applicable, on our condensed consolidated balance sheets.

For the three months ended March 31, 2026, we recorded income tax expense of $13,000 located within other income and (expense), net on our comprehensive statements of comprehensive income. We did not have tax expense in the three months ended March 31, 2025. As of March 31, 2026, our tax years 2023 through 2026 remain subject to examination by the United States tax authorities.

Fair Value Measurement

We have elected the fair value option for our commercial real estate loan investments, real estate-related securities, secured lending and term lending agreements (collectively, our “secured financing facilities”), our revolving credit facility, and our CLO. The Company believes the fair value option will provide its financial statements users with reduced complexity, greater consistency, understandability and comparability.

In the month that we originate or acquire a loan that is held outside of the CLO Issuer, the par value of the loan represents its fair value. Thereafter, an independent valuation advisor values our commercial loan investments monthly using a discounted cash flow analysis. The yield used in the discounted cash flow analysis is determined by comparing the features of the loan to the interest rates and terms required by lenders in the new loan origination market for similar loans and the yield required by investors acquiring similar loans in the secondary market as well as a comparison of current market and collateral conditions to those present at origination or acquisition. The Company elected to apply the measurement alternative for consolidated collateralized financing entities with respect to the CLO Issuer. Accordingly, commercial real estate loans and loan participations that are collateral assets within the consolidated CLO Issuer are measured using the fair value of the more observable notes as an indicator of the fair value of the assets as a whole. A portion of these notes are related to the retained income notes, which are valued using a discounted cash flow model. The discounted cash flow model estimates expected future cash flows based on the contractual terms and relevant market data, incorporating collateral characteristics, prepayment and default assumptions, loss severity, credit enhancement features, and note specific factors, and discounts these projected cash flows using a market‑based yield.

In determining the fair value of a particular real estate-related security, we use pricing service providers, who may use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models to determine the reported price. The pricing service providers’ internal models for securities generally consider the attributes applicable to a particular class of the security (e.g., credit rating or seniority), current market data, and estimated cash flows for each class and incorporate deal collateral performance such as prepayment speeds and default rates, as available.

In the month that we enter into a borrowing arrangement, the par value of the borrowing represents the fair value of the arrangement. Thereafter, an independent valuation advisor values our revolving credit facility and secured financing facilities monthly. The independent valuation advisor calculates the fair value of the revolving credit facility based on a determination of the price that would be paid by another market participant to assume the lender’s position in the transaction. The fair value of secured financing facilities is calculated using a discounted cash flow analysis where the remaining debt service cash flow, based on the contractual economics stated in the loan agreement, is valued using a market interest rate which reflects an estimate for how a lender would price an equivalent loan for the remaining term. Additionally, we consider current market rates and conditions by evaluating similar borrowing agreements with comparable loan-to-value ratios and credit profiles. The market rate of interest is adjusted to reflect our own credit risk for recourse borrowings.

We generally determine the fair value of the collateralized loan obligations by utilizing third party pricing services, broker-dealer quotations, and discounted cash flow models. We conduct an ongoing evaluation of their valuation methodologies and processes and review the individual valuations themselves. Our review consists of consideration of a variety of factors, including market transaction information for the particular bond, market transaction information for similar bonds, the bond’s ratings and the bond’s subordination levels.

Our currency forward contracts are valued by an independent pricing service based on contractual cash flows and quoted foreign currency rates available in an active market. When determining the fair value of our forward currency contracts as of each measurement date, we consider the effect of counterparty nonperformance risk as a part of the valuation process and include a credit risk adjustment where appropriate.

Real Estate-Related Securities

We invest in debt securities of real estate companies. We have elected the fair value option for accounting for investments in debt securities. We record changes in fair value of debt securities as unrealized gain (loss) on real estate-related securities and interest income on debt securities as interest income in our condensed consolidated statements of comprehensive income.

Collateralized Loan Obligations

The Company financed a pool of loans and loan participations from its existing loan portfolio through a managed collateralized financing entity, INCREF 2025-FL1. The Company consolidates the CLO Issuer because it determined that the CLO issuer is a VIE and that the Company is the primary beneficiary of such VIE. The collateral assets securing the collateralized loan obligations include the pool of loans and loan participations, which are included on the condensed consolidated balance sheets as commercial real estate loan investments, at fair value. The notes issued by the consolidated CLO Issuer are included on the Company’s condensed consolidated balance sheets as collateralized loan obligations, at fair value. Collateralized loan obligations consist solely of obligations held by third party rated note holders and exclude the retained tranches held by the Company, which are eliminated in consolidation of the CLO Issuer. The interest income from the CLO Issuer’s collateral assets and interest expense on the notes issued by the CLO Issuer are presented on a gross basis within interest income and interest expense, respectively, in the condensed consolidated statements of comprehensive income. Because we elected the fair value option for our collateralized loan obligations, we record any changes in their fair values as unrealized gain (loss) on collateralized loan obligations, net in our condensed consolidated statements of comprehensive income.

Significant Accounting Policies

There have been no changes to our accounting policies included in Note 2 — “Summary of Significant Accounting Policies” to the consolidated financial statements of our Annual Report on Form 10-K for the year ended December 31, 2025.

3.Commercial Real Estate Loan Investments

The table below summarizes our investments in commercial real estate loans as of March 31, 2026 and December 31, 2025:


$ in thousands
Loan Type	Loan Amount(1)		Principal Balance Outstanding		Fair Value		Weighted Average Interest Rate(2)		Weighted Average Life (years)(3)
March 31, 2026
Senior loans(4)	$	5,545,099	$	5,167,516	$	5,174,445	6.30	%	3.84
Mezzanine loans	30,000		25,773		25,773		12.00	%	3.59
Total	$	5,575,099	$	5,193,289	$	5,200,218	6.33	%	3.84
December 31, 2025
Senior loans(4)	$	5,025,649	$	4,670,191	$	4,677,720	6.40	%	3.91
Mezzanine loans	30,000		25,008		25,008		12.00	%	3.84
Total	$	5,055,649	$	4,695,199	$	4,702,728	6.43	%	3.91

(1)Loan amount consists of outstanding principal balance plus unfunded loan commitments.

(2)Domestic loans earn interest at the one-month Term Secured Overnight Financing Rate (“SOFR”) plus a spread. Euro denominated loans earn interest at three-month Euro Interbank Offered Rate (“Euribor”) plus a spread. Our loans denominated in British pound sterling earn interest at three-month Sterling Overnight Index Average (“SONIA”) plus a spread.

(3)Assumes all extension options are exercised by the borrower; however, loans may be repaid prior to such date. Extension options are subject to certain conditions, as defined in the respective loan agreement.

(4)Senior loans include senior mortgages and similar credit quality loans, including related contiguous subordinate loans and accommodation mezzanine loans in connection with the senior mortgage financing.

The tables below detail the property type and geographic location of the properties securing our commercial real estate loans as of March 31, 2026 and December 31, 2025:


$ in thousands	March 31, 2026				December 31, 2025
Property Type	Fair Value		Percentage		Fair Value		Percentage
Multifamily	$	2,750,140	52.9	%	$	2,292,433	48.7	%
Industrial	1,889,528		36.3	%	1,870,741		39.8	%
Student housing	345,945		6.7	%	343,204		7.3	%
Self-storage	214,605		4.1	%	196,350		4.2	%
Total	$	5,200,218	100.0	%	$	4,702,728	100.0	%


$ in thousands	March 31, 2026				December 31, 2025
Geographic Location	Fair Value		Percentage		Fair Value		Percentage
United States:
East	$	1,447,748	27.9	%	$	1,409,703	30.0	%
South	1,217,646		23.4	%	1,107,282		23.5	%
West	1,129,770		21.7	%	986,262		21.0	%
Various U.S.(1)	474,875		9.1	%	474,366		10.1	%
Midwest	122,797		2.4	%	122,767		2.6	%
Total	$	4,392,836	84.5	%	$	4,100,380	87.2	%
Non-US:
United Kingdom(2)	$	535,029	10.3	%	$	324,365	6.9	%
Europe(3)	272,353		5.2	%	277,983		5.9	%
Total	$	807,382	15.5	%	$	602,348	12.8	%
Total	$	5,200,218	100.0	%	$	4,702,728	100.0	%

(1)Various U.S. includes self-storage and industrial portfolios with multiple locations throughout the United States.

(2)Our European loans that are collateralized by industrial commercial real estate in the United Kingdom are denominated in British pounds sterling and have an aggregate fair value of £404.8 million as of March 31, 2026.

(3)Our European loans that are collateralized by industrial commercial real estate in France, Spain and Italy are denominated in Euros and have an aggregate fair value of €236.7 million as of March 31, 2026.

The weighted average loan-to-value ratio, a metric utilized in the fair value measurement of our commercial real estate loan investments, for our loan investments at March 31, 2026 was approximately 66% based on the loan principal amount and the independent property appraisals.

Interest income earned by our US commercial real estate loans for the three months ended March 31, 2026 and 2025 was $67.0 million and $42.1 million, respectively. Interest income earned by our non-US commercial real estate loans for the three months ended March 31, 2026 and 2025 was $10.1 million and $4.7 million, respectively.

4.Real Estate-Related Securities

The following tables summarize our real estate-related securities as of March 31, 2026 and December 31, 2025:


	March 31, 2026
$ in thousands	Principal Balance		Unamortized Premium (Discount)		Amortized Cost		Unrealized Gain (Loss), Net		Fair Value		Weighted Average Yield		Weighted Average Maturity Date
Non-agency CMBS	$	17,220	$	(38)	$	17,182	$	40	$	17,222	6.16	%	February 2040


	December 31, 2025
$ in thousands	Principal Balance		Unamortized Premium (Discount)		Amortized Cost		Unrealized Gain (Loss), Net		Fair Value		Weighted Average Yield		Weighted Average Maturity Date
Non-agency CMBS	$	14,770	$	(38)	$	14,732	$	86	$	14,818	6.29	%	March 2040

The following table presents the components of gain (loss) on real estate-related securities, net for the three months ended March 31, 2026:


	March 31, 2026
$ in thousands	Realized Gain (Loss), Net		Unrealized Gain (Loss), Net		Gain (Loss), Net
Non-agency CMBS	$	—	$	(46)	$	(46)

We did not hold real estate-related securities during the three months ended March 31, 2025.

5.Borrowings

The table below summarizes our borrowing arrangements as of March 31, 2026 and December 31, 2025. Our borrowing arrangements include our secured financing facilities and a revolving credit facility.


			March 31, 2026							December 31, 2025
$ in thousands	Current Maturity	Extension Options(1)	Weighted Average Interest Rate(2)	Maximum Facility Size		Available Capacity		Amount Outstanding		Fair Value		Amount Outstanding		Fair Value

Term Lending Agreements
INCREF Lending II	Match-term	Match-term	5.94%	$	300,000	$	144,603	$	155,397	$	155,397	$	155,027	$	155,033
INCREF Lending III	Match-term	Match-term	5.17%	72,840		4,840		68,000		68,000		$	68,000	$	68,000

Secured Lending Agreements
Repurchase Agreements
Morgan Stanley Bank(3)	Dec 2027	Dec 2028	5.33%	750,000		69,430		680,570		680,474		713,335		713,335
Citibank	Jul 2027	Jul 2029	5.07%	1,000,000		417,996		582,004		582,004		590,301		590,401
Barclays(3)	Apr 2027	Apr 2029	5.15%	500,000		77,106		422,894		422,894		328,897		328,897
Wells Fargo(3)	Mar 2028	Mar 2031	5.16%	1,200,000		629,095		570,905		570,892		340,663		340,664
Bank of Montreal(3)	Jul 2027	Jul 2030	5.00%	256,600		—		256,600		256,600		256,600		256,600
INCREF Repurchase I(3)	Feb 2027	Feb 2030	5.15%	250,000		74,964		175,036		175,066		$	129,589	$	129,646
INCREF Repurchase II	Feb 2029	Feb 2029	5.12%	250,000		116,992		133,008		133,008		N/A		N/A
Total secured financing facilities				$	4,579,440	$	1,535,026	$	3,044,414	$	3,044,335	$	2,582,412	$	2,582,576

Revolving Credit Facility(4)			6.57%	$	162,000	$	146,000	$	16,000	$	16,000	$	55,000	$	55,000

(1)Assumes all available extension options are exercised.

(2)Represents the weighted average interest rate in effect as of March 31, 2026.

(3)Certain extension options for these facilities are subject to lender approval and compliance with certain financial and administrative covenants.

(4)Maturity date is aligned with the Company’s ability to call remaining outstanding capital committed under the Invesco Subscription Agreement, as further explained below.

Borrowings denominated in U.S. dollars under our secured financing facilities and revolving credit facility bear interest at one-month Term SOFR plus a spread. Euro denominated borrowings bear interest at three-month Euribor plus a spread, and our British pound sterling denominated borrowings bear interest at three-month SONIA plus a spread. Our secured financing facilities are subject to certain non-financial and financial covenants, including liquidity, tangible net worth and leverage covenants. We were in compliance with these covenants as of March 31, 2026.

Term Lending Agreements

INCREF Lending II and INCREF Lending III provide asset-based financing on a non-mark-to-market basis with partial recourse to the Company and match-term to the underlying loans. We have pledged certain commercial real estate loan investments with a fair value of approximately $198.7 million and $85.0 million as collateral for INCREF Lending II and INCREF Lending III, respectively. We segregate the commercial real estate loans that we have pledged as collateral in our books and records. Our term lending agreement counterparties have the right to resell or repledge the collateral posted but have the obligation to return the pledged collateral upon maturity of the term lending agreement.

Secured Lending Agreements

In February 2026, we entered into a $250.0 million Master Repurchase Agreement with a financial institution (“INCREF Repurchase II”) that provides asset-based financing with partial recourse to the Company. We have pledged certain commercial real estate loan investments with a fair value of approximately $166.3 million as collateral for INCREF Repurchase II.

We have entered into traditional repurchase agreements with seven financial institutions, as detailed in the table above. We have pledged certain commercial real estate loan investments with a fair value of approximately $3.5 billion as collateral for these agreements. Certain borrowings under our Citibank repurchase agreement are collateralized by European commercial real estate loans. The borrowings are denominated in Euros and British pounds sterling and have a fair value of €189.4 million and £192.8 million, respectively, as of March 31, 2026. In March 2026, we added Euro capacity of €123.0 million and British pound sterling capacity of £255.4 million and upsized the U.S. dollar capacity to $700.0 million under our Wells Fargo repurchase agreement, resulting in a total facility size of $1.2 billion. Certain borrowings under our Wells Fargo agreement are collateralized by European commercial real estate loans, denominated in British pounds sterling, and have a fair value of £125.0 million as of March 31, 2026. We segregate the commercial real estate loans that we have pledged as collateral in our books and records. Our repurchase agreement counterparties have the right to resell or repledge the collateral posted but have the obligation to return the pledged collateral upon maturity of the repurchase agreement.

We were not required to post any margin under our master repurchase agreements as of March 31, 2026 and December 31, 2025. A margin deficiency may generally result from either a decline in the underlying loan’s market value or a shortfall in operating performance of the property. We may finance multiple commercial loan investments under a repurchase agreement; therefore, a margin excess in one asset could help mitigate a margin deficiency in another asset under the same repurchase agreement. We intend to maintain a level of liquidity that will enable us to meet margin calls. Master repurchase agreements are recourse obligations.

Counterparty Exposure

We have pledged certain commercial real estate loan investments as collateral for our secured financing facilities. If a secured financing counterparty were to default on its obligation to return the collateral, we would be exposed to potential losses to the extent the fair value of the collateral that we have pledged to the counterparty exceeded the amount loaned to us plus interest due to the counterparty. The following table summarizes our net exposure with those counterparties where the amount at risk exceeded 10.0% of equity as of March 31, 2026 and December 31, 2025.


$ in thousands	Outstanding Principal		Net Counterparty Exposure		Weighted Average Life (Years)(1)
March 31, 2026
Morgan Stanley Bank	$	680,570	$	176,662	2.68
Citibank	582,004		145,501		3.32
Bank of Montreal	411,997		107,449		3.94
Barclays	422,894		107,993		3.07
Wells Fargo	570,905		156,122		3.15
Total	$	2,668,370	$	693,727	3.17
December 31, 2025
Morgan Stanley Bank	$	713,335	$	186,066	2.92
Citibank	590,301		148,674		3.56
Bank of Montreal	411,627		107,463		4.18

Total	$	1,715,263	$	442,203	3.45

(1)Assumes all extension options are exercised for borrowing facilities that may be extended at our option, subject to compliance with certain financial and administrative covenants.

The following table shows the aggregate amount of maturities of our outstanding borrowings over the next five years and thereafter as of March 31, 2026:


$ in thousands	Secured Lending Agreements(1)		Term Lending Agreements(1)		Revolving Credit Facility(1)		Total
Year
2026 (remaining)	$	—	$	—	$	16,000	$	16,000
2027	—		—		—		—
2028	680,570		—		—		680,570
2029	1,137,906		128,369		—		1,266,275
2030	431,636		95,028		—		526,664
2031	570,905		—		—		570,905
Thereafter	—		—		—		—
Total	$	2,821,017	$	223,397	$	16,000	$	3,060,414

(1)Assumes all extension options are exercised for borrowing facilities that may be extended at our option, subject to compliance with certain financial and administrative covenants.

Revolving Credit Facility

Our revolving credit facility is secured by uncalled capital subscriptions under the terms of the Invesco Subscription Agreement, as described in Note 11 — “Redeemable Common Stock - Related Party”. Borrowings under the facility bear interest at one-month Term SOFR or the prime rate plus a spread. The revolving credit facility allows for the ability to obtain tranches of term financing in addition to general borrowings under an Uncommitted Tranche (as defined in the credit agreement). The Uncommitted Tranche is due on demand (15 business days after notice); any Funded Tranche (as defined in the credit agreement) is due no later than (a) three years from issuance or (b) 360 days after notice; and all amounts outstanding under the facility are due 30 days prior to the last date on which capital calls may be issued. The facility is prepayable without penalty.

Our revolving credit facility is subject to certain affirmative and negative non-financial and financial covenants, including a limitation on indebtedness. We were in compliance with these covenants as of March 31, 2026.

6.Collateralized Loan Obligations

The table below summarizes our collateralized loan obligations as of March 31, 2026:


	Facility						Collateral
$ in thousands	Term	Weighted Average Interest Rate(1)	Amount Outstanding		Fair Value		Count	Principal Balance Outstanding		Fair Value

INCREF 2025-FL1	Oct 2042	5.63%	$	998,234	$	1,004,858	29	$	1,180,591	$	1,187,520
Total			$	998,234	$	1,004,858	29	$	1,180,591	$	1,187,520

(1)Represents the weighted average interest rate in effect as of March 31, 2026.

In May 2025, the Company financed a pool of loans and loan participations from its existing loan portfolio through the CLO Issuer, contributing $1.2 billion of commercial real estate loan investments to the CLO Issuer and issuing $1.2 billion of notes. The Company retained $219.1 million of the notes issued by the CLO Issuer. The rated notes bear interest at Term SOFR plus a spread. The collateralized loan obligations execution provides the Company with match-term financing on a non-mark-to-market and non-recourse basis. The third-party notes were issued at a discount of $2.5 million, with the Company receiving $995.7 million in proceeds from the transaction.

The CLO Issuer is a VIE primarily because the unrelated investors do not have substantive voting or participating rights. To assess whether the Company has the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, the Company considered, among other factors, its role in establishing the VIE and its ongoing rights and responsibilities. We determined that we are the primary beneficiary as (1) we have the power to direct activities of the VIE that most significantly impact the VIE’s economic performance, and (2) through our retained interests, we have the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. The Company considers its variable interests, as well as any variable interests of its related parties in making this determination. The majority of the operations of the VIE are funded with cash flows generated from the loans within the VIE. Assets held by the VIE can be used only to settle obligations of the VIE. The liabilities of the VIE are non-recourse to us and can only be satisfied from the assets of the VIE. We are not obligated to provide, have not provided, and do not intend to provide material financial support to the consolidated VIE.

The consolidation of the CLO Issuer results in an increase in our gross assets, liabilities, revenues and expenses, however the impact to our equity and net income are equivalent to our net retained economic interests in the VIE. During the three months ended March 31, 2026, we recorded $14.7 million of interest expense related to the CLO Issuer.

The following table details the assets and liabilities of the CLO Issuer:


$ in thousands	March 31, 2026
Assets:

Restricted cash	$	150
Commercial real estate loan investments, at fair value	1,187,520
Interest receivable	3,672
Other assets	36,992
Total assets	$	1,228,334

Liabilities:
Collateralized loan obligations, at fair value	$	1,004,858
Interest payable	2,029
Total liabilities	$	1,006,887

7.Derivatives and Hedging Activities

Currency Forward Contracts

We enter into currency forward contracts to help mitigate the impact of changes in foreign currency exchange rates on our investments and financing transactions denominated in currencies other than the U.S. dollar. Despite being economic hedges, we have elected not to treat our foreign currency forwards as hedges for accounting purposes and, therefore, the realized and unrealized gains and losses associated with such instruments are included in gain (loss) on derivative instruments, net in our condensed consolidated statements of comprehensive income. Gain (loss) on foreign currency transactions, net reflects the net financial impact resulting from changes in exchange rates between the time we enter into foreign currency transactions and when they are settled.

The following table illustrates the realized and unrealized foreign exchange impact recognized in the condensed consolidated statements of comprehensive income in the three months ended March 31, 2026 and 2025, of our loans and secured financing arrangements as well as the offsetting gain (loss) on derivative instruments in the periods:


$ in thousands	Three Months Ended March 31, 2026		Three Months Ended March 31, 2025


Unrealized foreign exchange gain (loss) on loans	$	(15,628)	$	10,824
Unrealized foreign exchange gain (loss) on secured financing facilities	9,899		(8,669)
Gain (loss) on foreign currency transactions, net	(466)		9
Gain (loss) on derivative instruments, net	6,259		(2,180)
Net impact of hedged foreign exchange	$	64	$	(16)

The following tables summarize changes in the notional amount of our currency forward contracts during the three months ended March 31, 2026 and 2025:


	Local Currency
In thousands	Notional Amount as of December 31, 2025		Additions		Settlement, Termination, Expiration or Exercise		Notional Amount as of March 31, 2026		Notional Amount as of March 31, 2026
Buy USD / Sell EUR Forward	€	49,889	€	14,404	€	(14,491)	€	49,802	$	57,482
Buy USD / Sell GBP Forward	£	50,631	£	169,424	£	(129,467)	£	90,588	$	122,163
Buy EUR / Sell USD Forward	€	—	€	14,491	€	(14,491)	€	—	$	—
Buy GBP / Sell USD Forward	£	—	£	130,049	£	(129,467)	£	582	$	785


	Local Currency
In thousands	Notional Amount as of December 31, 2024		Additions		Settlement, Termination, Expiration or Exercise		Notional Amount as of March 31, 2025		Notional Amount as of March 31, 2025
Buy USD / Sell EUR Forward	€	39,474	€	—	€	(877)	€	38,597	$	43,821
Buy USD / Sell GBP Forward	£	19,417	£	—	£	(506)	£	18,911	$	24,978

The table below presents the fair value of our currency forward contracts, as well as their classification on the condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025:


$ in thousands	Fair Value as of
	March 31, 2026		December 31, 2025

Derivative Assets	$	3,134	$	615
Derivative Liabilities	$	838	$	1,992

The following tables summarize the effect of currency forward contracts reported in gain (loss) on derivative instruments, net on the condensed consolidated statements of comprehensive income for the three months ended March 31, 2026 and 2025:


$ in thousands	Three Months Ended March 31, 2026
Derivatives not designated as hedging instruments	Realized gain (loss) on derivative instruments, net		Unrealized gain (loss), net		Gain (loss) on derivative instruments, net
Currency Forward Contracts	$	2,586	$	3,673	$	6,259


$ in thousands	Three Months Ended March 31, 2025
Derivatives not designated as hedging instruments	Realized gain (loss) on derivative instruments, net		Unrealized gain (loss), net		Gain (loss) on derivative instruments, net
Currency Forward Contracts	$	117	$	(2,297)	$	(2,180)

8.Fair Value of Financial Instruments

A three-level valuation hierarchy exists for disclosure of fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect our market assumptions. The three levels are defined as follows:

Level 1 — quoted prices are available in active markets for identical investments as of the measurement date. We do not adjust the quoted price for these investments.

Level 2 — quoted prices are available in markets that are not active or model inputs are based on inputs that are either directly or indirectly observable as of the measurement date.

Level 3 — pricing inputs are unobservable and include instances where there is minimal, if any, market activity for the investment. These inputs require significant judgment or estimation by management or third parties when determining fair value and generally represent anything that does not meet the criteria of Levels 1 and 2. Due to the inherent uncertainty of these estimates, these values may differ materially from the values that would have been used had a ready market for these investments existed.

Valuation of Financial Instruments Measured at Fair Value

The following tables detail our financial instruments measured at fair value on a recurring basis:


	As of March 31, 2026
	Fair Value Measurements Using:
$ in thousands	Level 1		Level 2		Level 3		Total at Fair Value
Assets:
Commercial real estate loan investments	$	—	$	—	$	5,200,218	$	5,200,218
Real estate-related securities	—		17,222		—		17,222
Derivative assets	—		3,134		—		3,134
Total assets	$	—	$	20,356	$	5,200,218	$	5,220,574

Liabilities:
Secured lending agreements	$	—	$	—	$	2,820,938	$	2,820,938
Term lending agreements	—		—		223,397		223,397
Revolving credit facility	—		—		16,000		16,000
Collateralized loan obligations	—		1,004,858		—		1,004,858
Derivative liabilities	—		838		—		838
Total liabilities	$	—	$	1,005,696	$	3,060,335	$	4,066,031


	As of December 31, 2025
	Fair Value Measurements Using:
$ in thousands	Level 1		Level 2		Level 3		Total at Fair Value
Assets:
Commercial real estate loan investments	$	—	$	—	$	4,702,728	$	4,702,728
Real estate-related securities	—		14,818		—		14,818
Derivative assets	—		615		—		615
Total assets	$	—	$	15,433	$	4,702,728	$	4,718,161

Liabilities:
Secured lending agreements	$	—	$	—	$	2,359,543	$	2,359,543
Term lending agreements	—		—		223,033		223,033
Revolving credit facility	—		—		55,000		55,000
Collateralized loan obligations	—		1,005,157		—		1,005,157
Derivative liabilities	—		1,992		—		1,992
Total liabilities	$	—	$	1,007,149	$	2,637,576	$	3,644,725

Valuation of Commercial Real Estate Loan Investments

The following table shows a reconciliation of the beginning and ending fair value measurements of our commercial real estate loan investments classified as Level 3:


$ in thousands	Three Months Ended March 31, 2026
Beginning Balance	$	4,702,728

Loan originations and fundings	595,601
Loan principal payments	(81,880)
Net unrealized gain (loss)	(602)
Foreign currency adjustments	(15,629)
Ending Balance	$	5,200,218

The fair value of collateralized financing assets are measured using the more observable fair value of the collateralized liabilities. See Note 2 — “Summary of Significant Accounting Policies.”

The following tables summarize the significant unobservable inputs supporting the fair value measurement of our investments in commercial loans:

$ in thousands

March 31, 2026

Type

Fair Value(2)

Valuation Technique

Unobservable Input

Weighted Average Rate(2)

Range

Weighted Average Life (years)(1)(2)

Commercial loans

4,093,348

Discounted cash flow

Discount rate

6.23%

5.15% - 11.32%

0.25

(1)Based on expected cash flows and potential prepayments.

(2)Includes $4.0 billion of loans held outside of the CLO and $80.7 million of loans held by the consolidated CLO. Loans of $1.1 billion held by the CLO are valued using the more observable fair value of the notes issued by the CLO. However, because the Company’s $80.7 million of retained income notes issued by the CLO are valued using a discounted cash flow model, we are required to classify all loans held by the CLO as Level 3 based on the lowest-level input used in the valuation. Weighted average rate and weighted average life include the Company’s loans held outside the CLO and retained income notes issued by the CLO.

$ in thousands

December 31, 2025

Type

Fair Value(2)

Valuation Technique

Unobservable Input

Weighted Average Rate(2)

Range

Weighted Average Life (years)(1)(2)

Commercial loans

3,558,722

Discounted cash flow

Discount rate

6.36%

5.14% - 11.44%

0.31

(1)Based on expected cash flows and potential prepayments.

(2)Includes $3.5 billion of loans held outside of the CLO and $80.7 million of loans held by the consolidated CLO. Loans of $1.1 billion held by the CLO are valued using the more observable fair value of the notes issued by the CLO. However, because the Company’s $80.7 million of retained income notes issued by the CLO are valued using a discounted cash flow model, we are required to classify all loans held by the CLO as Level 3 based on the lowest-level input used in the valuation. Weighted average rate and weighted average life include the Company’s loans held outside the CLO and retained income notes issued by the CLO.

The discount rate above is subject to change based on changes in economic and market conditions, in addition to changes in the underlying economics of the arrangement, such as changes in the underlying property valuation and debt service. These rates are also based on the location, type and nature of each underlying property and related industry publications. Changes in discount rates result in increases or decreases in the fair values of these investments. The discount rate encompasses, among other things, uncertainties in the valuation models with respect to the amount and timing of cash flows. It is not possible for us to predict the effect of future economic or market conditions based on our estimated fair values.

Valuation of Revolving Credit Facility

Given the uncertainty of future cash flows and our ability to prepay without penalty, we determined the fair value of our revolving credit facility to approximate par.

The following table shows a reconciliation of the beginning and ending fair value measurements of our revolving credit facility:


$ in thousands	Three Months Ended March 31, 2026
Beginning Balance	$	55,000
Proceeds from revolving credit facility	220,000
Repayment of revolving credit facility	(259,000)
Net unrealized (gain) loss	—
Ending Balance	$	16,000

Valuation of Secured Financing Facilities

We have entered into secured financing facilities to provide floating rate financing for our commercial real estate loan investments. Our secured financing facilities are carried at fair value based on significant unobservable inputs and are classified as Level 3. The following table shows a reconciliation of the beginning and ending fair value measurements of our secured financing facilities:


	Three Months Ended March 31, 2026
$ in thousands	Secured Lending Agreements		Term Lending Agreements		Total
Beginning Balance	$	2,359,543	$	223,033	$	2,582,576
Proceeds from secured financing facilities	506,127		370		506,497
Repayments of secured financing facilities	(34,596)		—		(34,596)
Net unrealized (gain) loss	(237)		(6)		(243)
Unrealized foreign currency (gain) loss	(9,899)		—		(9,899)
Ending Balance	$	2,820,938	$	223,397	$	3,044,335

The following tables summarize the significant unobservable inputs used in the fair value measurement of our secured financing facilities:

March 31, 2026

Type

Valuation Technique

Unobservable Input

Weighted Average Rate

Range

Weighted Average Life (years)(1)

Secured financing facilities

Discounted cash flow

Discount rate

5.18%

4.13% - 5.92%

0.22

December 31, 2025

Type

Valuation Technique

Unobservable Input

Weighted Average Rate

Range

Weighted Average Life (years)(1)

Secured financing facilities

Discounted cash flow

Discount rate

5.29%

4.12% - 6.04%

0.28

(1)Based on expected cash flows and potential prepayments.

The discount rate above is subject to change based on changes in economic and market conditions, in addition to changes in the underlying economics of the pledged commercial real estate loan, such as changes in the loan-to-value ratio, credit profile and debt service. These rates are also based on the location, type and nature of each pledged property underlying the commercial real estate loan and related industry publications. Changes in discount rates result in increases or decreases in the fair values of these investments. The discount rate encompasses, among other things, uncertainties in the valuation models with respect to the amount and timing of cash flows. It is not possible for us to predict the effect of future economic or market conditions based on our estimated fair values.

9.Accounts Payable, Accrued Expenses and Other Liabilities

The following table details the components of accounts payable, accrued expenses and other liabilities as of March 31, 2026 and December 31, 2025:


$ in thousands	March 31, 2026		December 31, 2025
Accounts payable and accrued expenses	$	5,098	$	1,828
Subscriptions paid in advance (1)	32,095		27,886
Accrued common stock repurchases	6,244		905
Other liabilities	1,953		907
Total	$	45,390	$	31,526

(1)Represents subscriptions received by our transfer agent prior to the date the subscriptions are effective.

10.Related Party Transactions

Due to Affiliates

The following table details the components of due to affiliates as of March 31, 2026 and December 31, 2025:


$ in thousands	March 31, 2026		December 31, 2025
Advanced organizational, offering and operating expenses	$	10,034	$	10,870
Reimbursable operating expenses	2,543		2,845
Adviser commitment fee payable	1,463		4,019
Stockholder servicing fees	24,701		22,723
Management fees	2,218		1,990
Performance fees	1,586		4,814
Total	$	42,545	$	47,261

Advanced Organizational, Offering and Operating Expenses

Under the terms of our Amended and Restated Advisory Agreement (“Advisory Agreement”), the Adviser advanced all of our organizational, offering and operating expenses (other than upfront selling commissions and ongoing stockholder servicing fees) incurred through May 31, 2024. Starting in December 2024, we began reimbursing the Adviser for these costs ratably over 52 months. As of March 31, 2026, we owe the Adviser approximately $10.0 million (December 31, 2025: $10.9 million) for the remaining outstanding balance of the expenses advanced by the Adviser under this arrangement.

Reimbursable Operating Expenses

Operating expenses incurred by the Adviser on our behalf after May 31, 2024 are reimbursed quarterly to the Adviser, and the balance outstanding as of March 31, 2026 and December 31, 2025 is listed in the above table as “Reimbursable operating expenses.”

Starting with the quarter ended June 30, 2025, we may not reimburse the Adviser at the end of any fiscal quarter for Total Operating Expenses (as defined in the Advisory Agreement) that exceed the greater of 2% of average invested assets or 25% of net income determined without reduction for any non-cash reserves and excluding any gain from the sale of our assets for that period (the “2%/25% Guidelines”) for the four consecutive fiscal quarters then ended. We may reimburse the Adviser for operating expenses in excess of the 2%/25% Guidelines if a majority of our independent directors determines that such excess expenses are justified based on unusual and non-recurring factors. Operating expenses for the four consecutive fiscal quarters ended March 31, 2026 did not exceed the 2%/25% Guidelines.

Adviser Commitment Fee Payable

Borrowers pay a commitment fee in connection with the origination of each new loan. The commitment fee is calculated as a percentage of the whole loan on a fully-funded basis, as determined by the Adviser at the time of origination. We pay the Adviser 50% (not to exceed 0.5% of the whole loan on a fully funded basis) of any commitment fee charged to borrowers in connection with each new loan as compensation for sourcing, structuring and negotiating the loan. The Adviser elected to irrevocably waive half of the commitment fees payable to the Adviser in connection with each new loan originated during the period commencing January 1, 2026 through December 31, 2026. The commitment fee income and related expense to the Adviser is reported as commitment fee income, net of related party expense on the condensed consolidated statements of comprehensive income.

Stockholder Servicing Fees and Other Selling Commissions

Invesco Distributors, Inc. (the “Dealer Manager”) is entitled to receive upfront selling commissions and stockholder servicing fees for Class S, Class S-1, Class D and Class D-1 shares sold in the Continuous Offering. The Dealer Manager reallows (pays) all or a portion of the stockholder servicing fees to participating broker-dealers and servicing broker-dealers for ongoing stockholder services performed by such broker-dealers and will waive stockholder servicing fees to the extent a broker-dealer is not eligible to receive it for failure to provide such service.

We accrue the full amount of stockholder servicing fees payable as an offering cost at the time each Class S, Class S-1, Class D and Class D-1 share is sold during the Continuous Offering.

The following table summarizes stockholder servicing fees paid for the three months ended March 31, 2026 and 2025:


$ in thousands	Class S Shares		Class S-1 Shares		Class D Shares		Class D-1 Shares
For the three months ended March 31, 2026	$	13	$	1,099	$	—	$	1
For the three months ended March 31, 2025	$	—	$	435	$	—	$	—

The following table summarizes the upfront selling commissions for each class of shares payable at the time of subscription and the stockholder servicing fee we pay the Dealer Manager on an annualized basis as a percentage of the NAV for such class:


	Class S Shares	Class S-1 Shares	Class D Shares	Class D -1 Shares	Class I Shares	Class E Shares	Class F Shares
Maximum Upfront Selling Commissions (% of Transaction Price)	up to 3.5%	up to 3.5%	up to 1.5%	up to 1.5%	—	—	—
Stockholder Servicing Fee (% of NAV)	0.85%	0.85%	0.25%	0.25%	—	—	—

We will cease paying the stockholder servicing fee with respect to any Class S or Class D share held in a stockholder’s account at the end of the month in which the Dealer Manager, in conjunction with the transfer agent, determines that total upfront selling commissions and stockholder servicing fees paid with respect to the shares held by the stockholder within such account would exceed, in the aggregate, 8.75% of the gross proceeds (7.75% for clients of certain participating broker dealers) from the sale of such shares (including the gross proceeds of any shares issued under our distribution reinvestment plan upon the reinvestment of distributions paid with respect thereto or with respect to any shares issued under our distribution reinvestment plan). At the end of such month, such Class S or Class D share will convert into a number of Class I shares (including any fractional shares), with an equivalent aggregate NAV as such share. Such servicing fee limit does not apply to Class S-1 and Class D-1 shares.

Management Fee and Performance Fee

Under the terms of our Advisory Agreement, we pay the Adviser a management fee equal to 1.0% per annum of NAV, calculated monthly before giving effect to any accruals for the management fee, stockholder servicing fees, performance fees or any distributions, with respect to our Class S, Class S-1, Class D, Class D-1 and Class I shares. We also pay the Adviser a performance fee equal to 10% of our “Performance Fee Income” with respect to our Class S, Class S-1, Class D, Class D-1 and Class I shares.

We do not pay the Adviser a management fee with respect to our Class F shares. We will pay the Adviser a performance fee with respect to the Class F shares. The Class F performance fee payable with respect to each calendar year will be an amount equal to 10% of the excess of Performance Fee Income allocable to Class F shares over a 6% annualized return on the Class F NAV per share. No performance fee is payable if the Performance Fee Income allocable to Class F is below the annualized 6% return in any calendar year or for a rolling two-year period.

We do not pay the Adviser a management or performance fee with respect to our Class E shares.

Performance Fee Income with respect to each class of common shares subject to a performance fee means the net income (determined in accordance with GAAP) allocable to such class of common shares subject to adjustment as defined under the terms of our Advisory Agreement. During the period that the Adviser advanced our organizational, offering and operating expenses, net income for purposes of the performance fee calculation excluded these advanced expenses. After the period that the Adviser advanced our organizational, offering and operating expenses, net income for purposes of the performance fee calculation includes previously advanced expenses that are to be repaid to the Adviser during the period. We will not pay the Adviser a performance fee with respect to any class of shares that has a negative total return per share for the calendar year, and the Advisory Agreement does not prohibit the Adviser from entering into economic or other arrangements with other persons. For purposes of the performance fee calculation, total return per share is defined as an amount equal to: (i) the cumulative distributions per share accrued with respect to such class of common shares since the beginning of the calendar year plus (ii) the change in NAV per share of such class of common shares since the beginning of the calendar year, prior to giving effect to (y) any accrual for performance fees with respect to such class of common shares or (z) any applicable stockholder servicing fees.

The management fee and the performance fee are payable in cash or Class E shares at the option of the Adviser. Management fees and performance fees began to accrue on March 1, 2024. Management fees are accrued monthly and paid quarterly in arrears and performance fees are paid annually. During the three months ended March 31, 2026, we incurred management fees of $2.2 million, of which $2.2 million is accrued as a component of due to affiliates on our condensed consolidated balance sheets as of March 31, 2026. During the three months ended March 31, 2026, we incurred performance fees of $1.6 million, of which $1.6 million is accrued as a component of due to affiliates on our condensed consolidated balance sheets as of March 31, 2026. During the three months ended March 31, 2026, we issued 77,219 Class E Redeemable Common Stock shares as payment for the management fees earned. During the three months ended March 31, 2026, we issued 186,805 Class E Redeemable Common Stock shares as payment for the performance fees earned. The shares issued to the Adviser for payment of the management fee and performance fee were issued at the applicable NAV per share at the end of each quarter for which the fees were earned.

The current term of our Advisory Agreement expires on March 31, 2027. The Advisory Agreement is subject to automatic renewals for successive one-year periods unless otherwise terminated in accordance with the provisions of the agreement. If the Advisory Agreement is terminated, the Adviser will be entitled to receive its prorated management fee and performance fee owed through the date of termination. If we elect not to renew our Advisory Agreement based on unsatisfactory performance and not for cause, we owe our Adviser a termination fee equal to three times the sum of our average annual management fee during the 24-month period before termination, calculated as of the end of the most recently completed fiscal quarter.

Our Adviser is subject to the supervision and oversight of our board of directors and has only such functions and authority as we delegate to it. The Adviser and its affiliates provide us with our management team, including our officers and appropriate support personnel. Each of our officers is an employee of the Adviser or one of its affiliates. We do not have any employees. We incurred $0.7 million of costs for support personnel provided by the Adviser for the three months ended March 31, 2026 that are recorded as a component of due to affiliates on our condensed consolidated balance sheets and as general and administrative expenses on our condensed consolidated statements of comprehensive income. During the three months ended March 31, 2025, we incurred $0.6 million of costs for support personnel provided by the Adviser.

The Adviser serves as Collateral Manager to the Company’s consolidated CLO and has waived any and all fees payable to the Adviser or any of its affiliates for this service for so long as it or any of its affiliates acts as the Collateral Manager and as manager of the Operating Partnership.

Related Party Share Ownership

The tables below summarize the number of shares and the total purchase price of the shares owned by affiliates as of March 31, 2026 and December 31, 2025:


	March 31, 2026
$ in thousands, except share amounts	Class S Shares	Class S-1 Shares	Class D Shares	Class D-1 Shares	Class I Shares	Class E Shares	Class F Shares	Total Purchase Price
Invesco Realty, Inc.(1)	1,196,923	—	1,197,628	—	1,194,434	1,189,256	—	$	120,000
Invesco Advisers, Inc.(2)	—	—	—	—	—	423,807	—	10,851
Members of our board of directors (3)	—	—	—	—	—	26,474	—	683
Total	1,196,923	—	1,197,628	—	1,194,434	1,639,537	—	$	131,534


	December 31, 2025
$ in thousands, except share amounts	Class S Shares	Class S-1 Shares	Class D Shares	Class D-1 Shares	Class I Shares	Class E Shares	Class F Shares	Total Purchase Price
Invesco Realty, Inc.(1)	1,196,923	—	1,197,628	—	1,194,434	1,189,255	—	$	120,000
Invesco Advisers, Inc.(2)	—	—	—	—	—	270,269	—	6,895
Members of our board of directors (3)	—	—	—	—	—	26,248	—	675
Total	1,196,923	—	1,197,628	—	1,194,434	1,485,772	—	$	127,570

(1)Shares issued to Invesco Realty, Inc. are governed by the terms of the Invesco Subscription Agreement and classified as redeemable common shares on our condensed consolidated balance sheets. See Note 11 — “Redeemable Common Stock - Related Party” for further information.

(2)Shares issued to Invesco Advisers, Inc. are governed by the terms of our Advisory Agreement and classified as redeemable common shares on our condensed consolidated balance sheets. See Note 11 — “Redeemable Common Stock - Related Party” for further information.

(3)Represents shares issued to members of our board of directors, including stock awards under our share-based compensation plan. Total Purchase Price for stock awards issued under our share-based compensation plan represents the value of shares issued as equity compensation.

11.Redeemable Common Stock - Related Party

Invesco Realty, Inc. (“Invesco Realty”), an affiliate of Invesco, has committed to purchase up to $300.0 million in shares of our common stock (the “Invesco Subscription Agreement”). Invesco Realty has committed to purchase $150.0 million in capital under the Invesco Subscription Agreement in one or more closings through March 23, 2028. We may also call up to $150.0 million in additional capital (for a total of $300.0 million) if needed to avoid triggering any concentration limit imposed by a third party in connection with its distribution or placement of our shares or for purposes of repaying indebtedness drawn on the revolving credit facility. As of March 31, 2026, we had called $120.0 million of the total $300.0 million. The remaining uncalled amount serves as collateral for the revolving credit facility.

Invesco Realty may not submit its shares for repurchase under the share repurchase plan described in Note 12 — “Equity” until the earlier of March 23, 2028 and the date that our aggregate NAV is at least $1.5 billion. We can only accept a repurchase request from Invesco Realty after all requests from unaffiliated stockholders have been fulfilled. We may elect to repurchase all or any portion of the shares acquired by Invesco Realty at any time at a per share price equal to the most recently determined NAV per share for each class (or another transaction price we believe reflects the NAV per share more appropriately than the prior month’s NAV per share). The Adviser or its affiliate must continue to hold at least $200,000 in shares for so long as Invesco or any affiliate thereof serves as our external adviser.

As discussed in Note 10 — “Related Party Transactions”, our management and performance fees are payable in cash or Class E shares at the option of the Adviser. Because the Adviser may elect to have the Company repurchase shares issued as payment for management fees or performance fees, we classify these shares as redeemable common stock. Class E shares issued to the Adviser as payment for management or performance fees are not subject to the repurchase limits of the Company’s share repurchase plan described in Note 12 — “Equity,” any lockup period applicable to the Adviser, or any reduction penalty for an early repurchase. The Adviser also has the option to exchange Class E shares issued as payment for management or performance fees for Class S, Class S-1, Class D, Class D-1, Class F, or Class I shares. During the three months ended March 31, 2026, we issued 77,219 and 186,805 Class E shares to the Adviser as payment for management fees and performance fees payable as of December 31, 2025, respectively.

The following tables summarize the changes in redeemable common stock for the three months ended March 31, 2026 and 2025:


$ in thousands	Class S Redeemable Common Stock		Class D Redeemable Common Stock		Class I Redeemable Common Stock		Class E Redeemable Common Stock		Total Redeemable Common Stock
Balance as of December 31, 2025	$	30,027	$	30,027	$	30,023	$	37,614	$	127,691
Issuance of redeemable common stock	—		—		—		6,804		6,804
Repurchase of redeemable common stock	—		—		—		(2,848)		(2,848)
Adjustment to carrying value of redeemable common stock	—		—		—		100		100
Balance as of March 31, 2026	$	30,027	$	30,027	$	30,023	$	41,670	$	131,747


$ in thousands	Class S Redeemable Common Shares		Class D Redeemable Common Shares		Class I Redeemable Common Shares		Class E Redeemable Common Shares		Total Redeemable Common Stock
Balance as of December 31, 2024	$	37,554	$	37,554	$	37,565	$	38,694	$	151,367
Issuance of redeemable common stock	—		—		—		2,814		2,814
Repurchase of redeemable common stock	(7,500)		(7,500)		(7,500)		(7,500)		(30,000)
Adjustment to carrying value of redeemable common stock	(4)		(5)		(1)		170		160
Balance as of March 31, 2025	$	30,050	$	30,049	$	30,064	$	34,178	$	124,341

The following tables summarize the changes in our outstanding shares of redeemable common stock shares for the three months ended March 31, 2026 and 2025:


	Class S Redeemable Common Shares	Class D Redeemable Common Shares	Class I Redeemable Common Shares	Class E Redeemable Common Shares	Total Redeemable Common Stock
Outstanding Shares as of December 31, 2025	1,196,923	1,197,628	1,194,434	1,459,524	5,048,509
Issuance of redeemable common stock	—	—	—	264,024	264,024
Repurchase of redeemable common stock	—	—	—	(110,485)	(110,485)
Outstanding Shares as of March 31, 2026	1,196,923	1,197,628	1,194,434	1,613,063	5,202,048


	Class S Redeemable Common Shares	Class D Redeemable Common Shares	Class I Redeemable Common Shares	Class E Redeemable Common Shares	Total Redeemable Common Stock

Outstanding Shares as of December 31, 2024	1,496,143	1,497,041	1,492,906	1,519,133	6,005,223
Issuance of redeemable common stock	—	—	—	110,485	110,485
Repurchase of redeemable common stock	(299,220)	(299,413)	(298,472)	(293,940)	(1,191,045)
Outstanding Shares as of March 31, 2025	1,196,923	1,197,628	1,194,434	1,335,678	4,924,663

12.Equity

Stapled Unit Offerings of Preferred and Common Stock

On January 31, 2025, we redeemed all 111 Stapled Units and 117 New Stapled Units issued and outstanding. Each Stapled Unit consists of one share of 12.5% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”), one Class S Share, one Class D Share and one Class I Share. Each New Stapled Unit consists of one share of Series A Preferred Stock and one Class S-1 Share. The cash redemption price for each share of stapled common stock was the NAV per share for the applicable share class as of December 31, 2024. Through the redemption of all Stapled Units and New Stapled Units, we redeemed all 228 issued and outstanding shares of our Series A Preferred Stock for approximately $232,000, plus accrued and unpaid dividends. The cash redemption price for each share of Series A Preferred Stock was $1,000. The excess of the consideration transferred over carrying value was accounted for as a deemed dividend and resulted in a reduction of approximately $27,000 in net income (loss) attributable to common stockholders for the three months ended March 31, 2025. Prior to redemption, holders of our Series A Preferred Stock were entitled to receive dividends at an annual rate of 12.5% of the liquidation preference of $1,000 per share or $125.00 per share per annum.

Common Stock

The following table summarizes changes in our outstanding shares of common stock for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31, 2026
	Class S Shares	Class S-1 Shares	Class D Shares	Class D-1 Shares	Class I Shares	Class E Shares	Class F Shares	Total
Balance at December 31, 2025	1,416,104	20,330,131	1,208,568	—	9,702,409	1,631,350	8,880,172	43,168,734
Issuance of common stock	91,980	2,346,272	—	120,452	2,436,888	388	—	4,995,980

Common stock distribution reinvestment	1,514	253,222	212	752	94,842	2,051	165,637	518,230
Issuance of redeemable common shares(1)	—	—	—	—	—	264,024	—	264,024
Repurchase of common stock	—	(363,564)	—	—	(410,594)	—	—	(774,158)
Repurchase of redeemable common stock	—	—	—	—	—	(110,485)	—	(110,485)
Balance at March 31, 2026	1,509,598	22,566,061	1,208,780	121,204	11,823,545	1,787,328	9,045,809	48,062,325


	Three Months Ended March 31, 2025
	Class S Shares	Class S-1 Shares	Class D Shares	Class D-1 Shares	Class I Shares	Class E Shares	Class F Shares	Total
Balance at December 31, 2024	1,502,214	7,226,062	1,499,147	—	4,171,608	1,635,105	8,218,258	24,252,394
Issuance of common stock	3,969	3,261,421	8,211	—	1,088,268	8,244	—	4,370,113
Common stock distribution reinvestment	—	98,095	99	—	36,810	1,370	161,371	297,745
Issuance of redeemable common shares(1)	—	—	—	—	—	110,485	—	110,485
Repurchase of common stock	(111)	(21,833)	(111)	—	(8,678)	—	—	(30,733)
Repurchase of redeemable common stock	(299,220)	—	(299,413)	—	(298,472)	(293,940)	—	(1,191,045)
Balance at March 31, 2025	1,206,852	10,563,745	1,207,933	—	4,989,536	1,461,264	8,379,629	27,808,959

(1)Consists of shares issued to an Invesco affiliate for the payment of management fees and performance fees that are classified as redeemable common stock. See Note 11 — “Redeemable Common Stock - Related Party”.

Distributions

We are generally required to distribute at least 90% of our taxable income to our stockholders each year to comply with the REIT provisions of the Internal Revenue Code. Taxable income does not necessarily equal net income as calculated in accordance with GAAP.

For the three months ended March 31, 2026, we declared distributions of $21.1 million. We accrued $7.3 million for distributions payable, of which $0.8 million was accrued for distributions payable to related parties, in our condensed consolidated balance sheet as of March 31, 2026. For the three months ended March 31, 2025, we declared distributions of

$12.9 million. We accrued $4.3 million for distributions payable, of which $0.8 million was accrued for distributions payable to related parties, in our condensed consolidated balance sheet as of March 31, 2025.

The following tables detail the aggregate distributions declared per share for each applicable class of stock for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31, 2026
		Class S Shares		Class S-1 Shares		Class D Shares		Class D-1 Shares		Class I Shares		Class E Shares		Class F Shares
Aggregate distribution declared per share		$	0.4800	$	0.4800	$	0.4800	$	0.3200	$	0.4800	$	0.4800	$	0.4800
Stockholder servicing fee per share		(0.0099)		(0.0524)		(0.0001)		(0.0101)		—		—		—
Net distribution declared per share		$	0.4701	$	0.4276	$	0.4799	$	0.3099	$	0.4800	$	0.4800	$	0.4800


	Three Months Ended March 31, 2025
		Class S Shares		Class S-1 Shares		Class D Shares		Class D-1 Shares		Class I Shares		Class E Shares		Class F Shares(3)
Aggregate distribution declared per share		$	0.5000	$	0.5000	$	0.5000	—		$	0.5000	$	0.5000	$	0.5000
Stockholder servicing fee per share		(0.0003)		(0.0528)		—		—		—		—		—
Net distribution declared per share		$	0.4997	$	0.4472	$	0.5000	$	—	$	0.5000	$	0.5000	$	0.5000

Share Repurchase Plan

We have adopted a share repurchase plan for our common stock. On a monthly basis, our stockholders may request that we repurchase all or any portion of their shares. We may choose, in our discretion, to repurchase all, some or none of the shares that have been requested to be repurchased at the end of any month, subject to any limitations in the share repurchase plan.

Class F stockholders may not participate in our share repurchase plan until the earlier of March 23, 2028 and the date our NAV reaches $1.5 billion. However, Class F stockholders are entitled to request that we repurchase their shares in the event that there is a Key Person Event or a Material Strategy Change, as such terms are defined in the Class F subscription agreement.

During the three months ended March 31, 2026, we fulfilled all requests under the share repurchase plan and repurchased 774,158 shares of common stock for $19.3 million. For the three months ended March 31, 2025, we repurchased 30,733 shares of common stock for $0.8 million and fulfilled all repurchase requests that were made under the share repurchase plan.

Distribution Reinvestment Plan

We have adopted a distribution reinvestment plan (“DRP”) whereby common stockholders will have their cash distributions automatically reinvested in additional shares of common stock unless they elect to receive their distributions in cash. The per share purchase price for shares purchased (including fractional shares) under the distribution reinvestment plan is equal to the transaction price at the time the distribution is payable.

Share-Based Compensation Plan

For the three months ended March 31, 2026 and 2025, we recognized compensation expense of $62,000 and $19,000, respectively, related to restricted shares of Class E common stock awarded to independent members of our board of directors under the terms of our 2023 Equity Incentive Plan (the “Incentive Plan”). As of March 31, 2026 and 2025, we had 1,083,889 and 1,093,671 shares of common stock available for future issuance under the Incentive Plan, respectively.

Noncontrolling Interest in Subsidiary

On January 29, 2026, a subsidiary issued 125 shares of 12.0% Series A Preferred Stock, par value $0.01 per share, with an aggregate liquidation preference of $1,000. The Series A preferred stock ranks senior to the Company’s interest in our subsidiary with respect to dividend rights and rights upon liquidation, dissolution and other considerations. The Series A Preferred Stock has no maturity date and will remain outstanding unless redeemed. The Series A Preferred Stock may be redeemed by the Company in whole or in part at any time; however, a redemption premium will also be required if redeemed on or before December 31, 2027. Upon consolidation, the issued and outstanding preferred share interest is shown as Non-controlling interest on our condensed consolidated balance sheets as of March 31, 2026 and net income (loss) is reflected as Net

income (loss) attributable to non-controlling interest in our condensed consolidated statement of comprehensive income during the three months ended March 31, 2026.

13.Earnings per Common Share

The following table summarizes our earnings per share for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
$ in thousands, except share and per share amounts	2026		2025


Net income (loss) available to common stockholders	$	19,713	$	11,635



Weighted average common shares outstanding	46,541,642		27,233,292
Effect of dilutive restricted stock awards	225		76
Diluted weighted average common shares outstanding	46,541,867		27,233,368
Earnings (loss) per share:
Basic	$	0.42	$	0.43
Diluted	$	0.42	$	0.43

14.Commitments and Contingencies

Commitments and contingencies may arise in the ordinary course of business. As of March 31, 2026, we had unfunded commitments of $381.8 million for certain of our commercial real estate loan investments. The unfunded commitments consist of funding for leasing costs, interest reserves and capital expenditures. Funding depends on timing of lease-up, renovation and capital improvements as well as satisfaction of certain cash flow tests. Therefore, the exact timing and amounts of such future loan fundings are uncertain. We expect to fund our loan commitments over the weighted average remaining term of the related loans of 1.39 years.

We have also committed to pay counterparty legal, diligence and other fees in connection with new financing facilities in the ordinary course of business.

From time to time, we may be involved in various claims and legal actions arising in the ordinary course of business. As of March 31, 2026, the Company was not involved in any material legal proceedings.

15.Segment Reporting

We conduct our business as a single operating segment. Our chief operating decision maker (“CODM”) is a group comprised of the Company’s Chief Executive Officer and President, and Chief Financial Officer. The CODM uses net income as the basis for measuring segment profitability, allocating resources and assessing performance. Because the accounting policies for the segment are the same as those described in Note 2 — “Summary of Significant Accounting Policies,” to the consolidated financial statements of our Annual Report on Form 10-K for the year ended December 31, 2025, total segment net income and total segment assets are equal to total net income and total assets, as reported on our condensed consolidated statements of comprehensive income and condensed consolidated balance sheets, respectively. All revenues for the segment are derived from external customers.

The significant segment expenses regularly provided to the CODM, generally, include interest expense, debt issuance costs, management fees and general and administrative expenses, as separately presented on our condensed consolidated statements of comprehensive income. General and administrative expenses consist of directors’ and officers’ insurance, legal costs, investing, accounting, auditing and tax services, filing fees and miscellaneous general and administrative costs.

16.Subsequent Events

Due From Servicer

The $37.5 million related to amounts collected by the loan servicer but not yet remitted to the Company’s consolidated CLO and to the Company that were included in other assets was repaid in full in April 2026.

Redeemable Common Stock - Related Party

On May 1, 2026, Invesco Realty purchased an additional $30.0 million in shares of our common stock under the Invesco Subscription Agreement resulting in a total of $150.0 million owned.

Revolving Credit Facility

On May 7, 2026, the Operating Partnership (the “Initial Borrower”) entered into a Revolving Credit Agreement with NatWest Markets PLC (“NatWest”), as lender, lead arranger, and administrative agent. The Credit Agreement provides for a two‑tranche revolving credit facility consisting of (i) a Tranche A facility with no initial committed amount and (ii) a $100.0 million Tranche B facility.

Tranche A, if and when activated, provides for a revolving line of credit denominated in U.S. dollars bearing interest at Term SOFR plus 1.90% and maturing in January 2028. Tranche B provides for a revolving line of credit denominated in U.S. dollars, Euros, or British pounds sterling bearing interest at the applicable benchmark rate plus a margin ranging from 2.75% to 3.25%, depending on the advance rate elected, and maturing in May 2028 following the closing date. Unused commitments under Tranche A and Tranche B are subject to a commitment fee of 0.25% per annum and 1.00% per annum, respectively. The Company incurred an arranger fee equal to 0.50% of the Tranche B facility commitment.

The Credit Agreement includes an accordion feature permitting aggregate commitments to be increased up to a maximum of $330.0 million, with Tranche A not exceeding $150.0 million and Tranche B not exceeding $330.0 million, in each case subject to lender consent. Maturity dates may also be extended by up to twelve months with lender approval. Tranche A availability, if increased from zero, would be based on unfunded capital commitments of the included investors, while Tranche B availability is based on the net asset value of the Company’s eligible portfolio investments plus secured cash collateral. Borrowings are secured by a first‑priority lien on certain collateral accounts, and the Company has provided a full and unconditional guaranty of the Initial Borrower’s obligations.

The Credit Agreement contains customary representations, warranties, and covenants, including financial covenants requiring a minimum adjusted tangible net worth, a minimum interest coverage ratio, minimum liquidity of the Initial Borrower based on net asset value, and a minimum fair value‑to‑cost ratio. In connection with the closing, the Company’s existing credit agreement was terminated, and all related liens were released.

As of the date of this filing, no amount was outstanding under the Credit Agreement.

Redeemable Common Stock - Related Party

On May 7, 2026, the Company cancelled the additional $150.0 million capital commitment from Invesco Realty. The additional capital commitment was only available if needed to avoid triggering any concentration limit imposed by a third party in connection with its distribution or placement of our shares or for purposes of repaying indebtedness drawn on the existing credit agreement, which we terminated in conjunction with closing on the NatWest revolving credit agreement.

Equity

Issuances

Subsequent to March 31, 2026, we issued the following shares of common stock:


$ in thousands except share amounts	Shares Issued to Third Parties		Shares Issued to Affiliates(1)(2)		DRP Shares(3)




Class S	5,090		301,575		773
Class S-1	1,783,305		—		90,044
Class D	—		301,860		72
Class D-1	200,968		—		753
Class I	1,628,457		300,693		35,499
Class E	3,434		376,191		638
Class F	—		—		55,821
Total	3,621,254		1,280,319		183,600

Total net proceeds(4)	$	90,391	$	30,000	$	4,639

(1)Affiliates include related parties discussed in Note 10 — “Related Party Transactions”.

(2)Includes 85,861 Class E shares issued to our Adviser as payment for management fees of $2.2 million which is excluded from total net proceeds.

(3)Represents shares issued under our distribution reinvestment plan.

(4)With respect to Shares Issued to Affiliates, total net proceeds represents the total value of shares of our common stock purchased by Invesco Realty under the Invesco Subscription agreement. With respect to DRP Shares, total net proceeds represents the total value of shares issued under our distribution reinvestment plan.

Repurchases

Subsequent to March 31, 2026, we repurchased the following stock:


$ in thousands except share amounts	Shares Repurchased from Third-Parties		Shares Repurchased from Affiliates(1)
Class S	—		—
Class S-1	49,359		—
Class D	—		—
Class D-1	—		—
Class I	130,382		—
Class E	—		—
Class F	—		—
Total	179,741		—

Total repurchases	$	4,485	$	—

(1)Affiliates include related parties discussed in Note 10 — “Related Party Transactions”.

Subsequent to March 31, 2026, all repurchase requests under our share repurchase plan were satisfied.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

In this quarterly report on Form 10-Q, or this “Quarterly Report,” we refer to Invesco Commercial Real Estate Finance Trust, Inc. and its consolidated subsidiaries as “we,” “us,” “the Company,” or “our,” unless we specifically state otherwise or the context indicates otherwise. We refer to our external manager, Invesco Advisers, Inc., as our “Adviser,” and we refer to the indirect parent company of our Adviser, Invesco Ltd. together with its consolidated subsidiaries (which does not include us), as “Invesco.”

The following discussion should be read in conjunction with our condensed consolidated financial statements and the accompanying notes to our condensed consolidated financial statements, which are included in Item 1 of this Quarterly Report, as well as the information contained in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”).

Forward Looking Statements

This Quarterly Report may include statements that constitute “forward-looking statements” within the meaning of the United States securities laws and the Private Securities Litigation Reform Act of 1995, and such statements are intended to be covered by the safe harbor provided by the same. These forward-looking statements may include statements about possible or assumed future results of our business, investment strategies, financial condition, liquidity, results of operations, distributions, repurchases plans and objectives. When we use the words “believe,” “expect,” “anticipate,” “estimate,” “plan,” “intend,” “project,” “forecast” or similar expressions and future or conditional verbs such as “will,” “may,” “could,” “should,” and “would,” and any other statement that necessarily depends on future events, we intend to identify forward-looking statements, although not all forward-looking statements may contain such words.

Forward-looking statements are subject to risks, uncertainties and assumptions and may be affected by known and unknown risks, trends, uncertainties and factors that are difficult to predict and are generally beyond our control. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. You should not place undue reliance on these forward-looking statements. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us. We caution you not to rely unduly on any forward-looking statements and urge you to carefully consider the factors described under the headings “Risk Factors” and "Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere in this Report and our Annual Report on Form 10-K. If a change occurs, our business, financial condition, liquidity and results of operations may vary materially from those expressed in our forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. New risks and uncertainties arise over time, and it is not possible for us to predict those events or how they may affect us. Except as required by law, we are not obligated to, and do not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Executive Overview

Introduction

We are a Maryland corporation formed in October 2022. Our primary investment strategy is to originate, acquire, and manage a diversified portfolio of loans and debt-like preferred equity interests secured by, or unsecured but related to, commercial real estate. To a lesser extent, we may purchase non-distressed public or private debt securities and invest in private operating companies in the business of or related to commercial real estate credit through debt or equity investment. We commenced investing in commercial real estate loans in May 2023. Prior to investing, we were primarily engaged in organizational activities.

We are externally managed by Invesco Advisers, Inc. (the “Adviser”), a registered investment adviser and an indirect, wholly-owned subsidiary of Invesco Ltd., an independent global investment management firm. Our Adviser utilizes the personnel and global resources of Invesco Real Estate to provide investment management services to us. We qualified to be taxed as a real estate investment trust (“REIT”) for U.S. federal income tax purposes commencing with the taxable year ended December 31, 2023. To maintain our REIT qualifications, we are generally required to distribute at least 90% of our REIT taxable income to our stockholders annually. We generally will not be subject to U.S. federal income taxes on our taxable income to the extent we annually distribute all of our net taxable income (determined without regard to our net capital gain and dividends-paid deduction) to stockholders and maintain our qualification as a REIT. We operate our business in a manner that permits our exclusion from the definition of “Investment Company” under the Investment Company Act of 1940, as amended (the “Investment Company Act”).

We are engaging in a continuous, unlimited private offering of our common stock to “accredited investors” (as defined by Rule 501 promulgated pursuant to the Securities Act) (the “Continuous Offering”) under exemptions provided by Section 4(a)(2) of the Securities Act and applicable state securities laws.

Factors Impacting Our Operating Results

Our operating results can be affected by a number of factors and depend on loan origination activity, interest earned on the commercial loan investments held in the portfolio, interest paid on the borrowing facilities of the portfolio and changes in the fair value of our commercial real estate loan investments and our borrowings. Our net interest income varies primarily as a result of the number of loan originations in the period, the timing of entering into new borrowing arrangements, repayments from the borrower of the outstanding principal balance of our loan assets during the period, and changes in benchmark interest rates and market spreads. Market spreads vary according to the type of investment or borrowing, conditions in the financial markets, competition and other factors, none of which can be predicted with any certainty.

Due to the floating rate nature of our loan portfolio, we are subject to changes in benchmark rates. Decline in benchmark interest rates could ultimately lead to lower interest income received from our floating rate debt investments. To mitigate the impact of reduced interest income as a result of declining benchmark rates, we have structured interest rate floors for each of the loans where the borrower will be required to pay minimum debt service payments should rates fall below a predetermined amount. Additionally, during a falling benchmark interest rate environment, our overall cost of borrowings decreases as well.

We have elected the fair value option for our commercial real estate loan investments, real estate-related securities, secured lending and term lending agreements (collectively, our “secured financing facilities”), our revolving credit facility, and our collateralized loan obligations. The fair value of our commercial real estate loans can be impacted by changes in credit spread premiums (yield advantage over a benchmark rate) and the supply of, and demand for, assets in which we invest.

Operating results can also be impacted by foreign currency risk from investments denominated in currencies other than the U.S. dollar (“USD”). We hedge the non-USD exposure in the portfolio via forward contracts with the goal to mitigate foreign currency impacts to the portfolio.

Market Conditions

Private real estate credit markets entered the first quarter of 2026 with continued capital availability, though deployment remained selective and focused on transactions meeting conservative underwriting and structural requirements. Benchmark interest rates were relatively stable during the quarter, remaining within a narrow range, despite notable movement in the forward interest‑rate curve.

While multiple lender types remained active across the broader commercial real estate debt market, effective competition within private real estate credit continued to be segmented by asset quality, leverage profile, and execution certainty, limiting overlap in higher‑risk or more structured transactions. Refinancing activity remained a key driver of private real estate credit demand, as borrowers continued to address upcoming maturities to help bridge sales in the future or allow additional time for business plan implementation.

Outlook

We expect the private real estate credit market to remain supported by a meaningful pipeline of loan maturities and continued balance‑sheet constraints among certain traditional lenders. While near‑term volatility in benchmark rates, including SOFR, may persist, private real estate lenders are well positioned to structure investments that prioritize downside protection through conservative leverage, senior‑secured positions, and active asset management.

We believe the Company is well positioned to navigate the current market environment through a disciplined “credit-over-yield” investment approach and a prudently managed portfolio that emphasizes sponsorship quality and structural protections. By originating or acquiring loans secured by commercial real estate, we benefit from several structural advantages, including security in the capital stack at reset values, downside protection afforded by asset-backed lending, and limited correlation with traditional fixed income investments.

Q1 2026 Highlights

Capital Activity and Distributions

•Declared monthly net distributions totaling $21.1 million for the quarter ended March 31, 2026.

•Raised $121.6 million of net proceeds from the sale of our common stock through our Continuous Offering during the quarter ended March 31, 2026.

•All repurchase requests under our share repurchase plan were satisfied.

Investments

•Originated five floating rate senior commercial real estate loans in the United States with a total commitment amount of $392.7 million and total outstanding principal amount of $364.4 million as of March 31, 2026, including multifamily and industrial properties.

•Originated one floating rate senior commercial real estate loan with a total commitment amount of $222.5 million (£168.4 million) and total outstanding principal amount of $216.5 million (£163.8 million) secured by a multifamily portfolio located in the United Kingdom.

•Purchased $2.5 million in real estate-related securities during the three months ended March 31, 2026.

•One commercial real estate loan was fully repaid during the three months ended March 31, 2026. Principal and interest proceeds of $41.7 million were received.

•One commercial real estate loan, primarily serving as collateral for our collateralized loan obligations with a stub-piece held by the Operating Partnership or a wholly-owned subsidiary of the Company, was fully repaid during the three months ended March 31, 2026. Principal and interest proceeds of $37.5 million were due from our loan servicer as of March 31, 2026. The $37.5 million due from our loan servicer was repaid in full in April 2026.

Financing Activity

•Repaid net borrowings of $39.0 million on our revolving credit facility for the three months ended March 31, 2026.

•Received net borrowings of $471.9 million from our secured financing facilities for the three months ended March 31, 2026.

•Entered into one additional secured lending agreement. The secured lending agreement has a maximum facility size of $250.0 million and bears interest at a one-month term SOFR plus a spread.

Financial Condition

Investment Activities

We commenced investing in domestic commercial real estate loans in May 2023 and in European loans in September 2024. As of March 31, 2026, our portfolio consists of 81 commercial real estate loans with a fair value of $5.2 billion. We elected the fair value option for our commercial real estate loan investments and, accordingly, recognize any origination costs or fees associated with the loans in the period of origination. Our domestic loan investments earn interest at Term SOFR plus a spread and had a weighted average interest rate of 6.37% as of March 31, 2026. Our European loans earn interest at either three-month Euribor or three-month SONIA and had a weighted average interest rate of 6.09% at March 31, 2026. During the three months ended March 31, 2026, we earned $77.1 million of interest income on these loans, of which we earned $67.0 million and $10.1 million from our US and non-US loans, respectively.

The following table details overall statistics for our loan portfolio as of March 31, 2026, December 31, 2025, and March 31, 2025:


$ in thousands	March 31, 2026			December 31, 2025			March 31, 2025
Number of investments	81			77			56
Principal balance	$	5,193,289		$	4,695,199		$	2,785,906
Fair value	$	5,200,218		$	4,702,728		$	2,788,480
Unfunded loan commitments(1)	$	381,810		$	360,450		$	337,952
Weighted-average interest rate(2)	6.33		%	6.43		%	7.23		%
Weighted-average maximum maturity (years)(3)	3.8			3.9			4.1
Origination loan-to-value(4)	65		%	65		%	62		%

(1) Unfunded commitments will primarily be funded to finance construction or development of real estate-related assets, capital improvements of existing assets, or lease-related expenditures. These future commitments will generally be funded over the term of each loan, subject in certain cases to an expiration date.

(2) Represents weighted average interest rate as of period end.

(3) Assumes all extension options are exercised by the borrower; however, loans may be repaid prior to such date. Extension options are subject to certain conditions, as defined in the respective loan agreement.

(4) Origination loan-to-value is generally based on the initial loan amount and the independent property appraisals at the time of origination.

The following charts illustrate the diversification and composition of our loan portfolio based on fair value as of March 31, 2026:

The following table details our loan activity:


	Three Months Ended
$ in thousands	March 31, 2026
Loan originations	$	585,706
Loan fundings	9,895
Loan repayments and sales	(81,880)
Total net fundings	$	513,721

For the three months ended March 31, 2026, the Company closed on five U.S. loan originations and one European loan origination, with an aggregate total loan commitment amount of $615.2 million, resulting in $131.2 million of net committed equity and a net spot coupon of 9.87% based on the weighted average interest rate on our net committed equity position as of March 31, 2026. Net committed equity represents the Company’s whole loan commitments less the related secured financing.

While the portfolio saw a slight increase in weighted average net spread quarter-over-quarter, going from 6.68% as of December 31, 2025, to 6.70% as of March 31, 2026, the overall weighted average interest rate declined quarter-over quarter. The weighted average interest rate spread on our net committed equity position is comprised of the difference between the spread on our commercial real estate loans applied to the committed loan amounts less the spread on our borrowings applied to the total financing. This difference is divided by our net committed equity position. The weighted average interest rate is the spread combined with the applicable benchmark rate (in effect on March 31, 2026) after considering any impact of the interest rate floor.

The following table provides details of our loan portfolio, on a loan-by-loan basis, as of March 31, 2026:


$ in thousands
Metropolitan Statistical Area	Property Type	Origination Date	Weighted Average Interest Rate(1)	Loan Amount(2)		Principal Balance Outstanding		Fair Value		Current Maturity	Maximum Maturity(3)
New York (4)	Multifamily	07/26/2023	6.78%	$	73,600	$	73,600	$	73,600	8/9/2026	8/9/2028
Richmond	Industrial	09/25/2023	7.02%	38,300		34,621		34,824		10/9/2026	10/9/2028
Atlanta	Industrial	11/06/2023	7.02%	92,950		83,740		84,231		11/9/2026	11/9/2028
Dallas	Multifamily	12/07/2023	6.48%	70,000		67,580		67,580		12/9/2026	12/9/2028
Seattle	Multifamily	12/12/2023	6.63%	68,500		68,500		68,500		12/9/2026	12/9/2028
New York	Multifamily	02/08/2024	6.68%	120,000		76,865		77,316		02/9/2027	02/9/2029
Orange County	Multifamily	03/05/2024	6.83%	56,600		56,600		56,932		03/9/2027	03/9/2029
Los Angeles	Multifamily	03/28/2024	6.68%	45,000		42,058		42,302		04/9/2026	04/9/2029
Los Angeles	Multifamily	04/12/2024	6.73%	66,050		59,782		60,125		04/9/2027	04/9/2029
New York	Multifamily	05/02/2024	6.68%	150,000		74,600		75,038		5/9/2027	5/9/2029
Fort Worth	Multifamily	05/15/2024	6.58%	23,650		23,500		23,500		6/9/2026	6/9/2029
Fort Worth	Multifamily	05/15/2024	6.58%	22,500		21,775		21,775		6/9/2026	6/9/2029
Orange County	Industrial	05/31/2024	6.53%	47,275		44,772		44,944		6/9/2027	6/9/2029
Dallas	Multifamily	06/07/2024	6.48%	40,740		39,990		39,990		6/9/2027	6/9/2029
San Francisco	Multifamily	06/17/2024	6.33%	33,500		31,719		31,899		7/9/2027	7/9/2029
Jacksonville	Multifamily	06/28/2024	6.78%	40,350		39,727		39,868		7/9/2027	7/9/2029
Various U.S.	Self-Storage	07/10/2024	6.88%	42,448		41,999		41,999		8/9/2027	8/9/2029
Houston	Multifamily	07/24/2024	6.58%	50,750		49,750		49,741		8/9/2026	8/9/2029
Dallas	Multifamily	08/01/2024	6.53%	44,000		44,000		44,000		8/9/2026	8/9/2029
Tampa	Multifamily	08/01/2024	6.38%	41,750		41,750		41,750		8/9/2027	8/9/2029
Las Vegas	Industrial	08/20/2024	6.48%	55,515		53,325		53,536		9/9/2027	9/9/2029
Various U.S.	Self-Storage	08/27/2024	6.88%	11,267		10,702		10,702		9/9/2027	9/9/2029
Washington D.C.	Multifamily	08/28/2024	6.43%	101,000		99,327		99,327		9/9/2027	9/9/2029
Various U.S.	Industrial	08/30/2024	7.08%	83,500		77,809		77,809		9/9/2027	9/9/2029
Various U.S.	Industrial	09/12/2024	6.43%	128,010		122,576		123,293		10/9/2027	10/9/2029
Bristol, United Kingdom	Industrial	09/26/2024	6.90%	109,699		109,699		109,699		10/9/2027	10/9/2028
Various U.S.	Industrial	09/13/2024	6.43%	47,881		47,881		48,162		10/9/2027	10/9/2029
Europe	Industrial	09/26/2024	5.21%	94,048		94,048		94,048		10/9/2027	10/9/2028
Europe	Industrial	09/26/2024	5.21%	105,265		105,265		105,265		10/9/2027	10/9/2028
Gainesville	Self-Storage	10/08/2024	6.88%	7,030		6,981		6,981		10/9/2027	10/9/2029
Lynchburg	Self-Storage	10/08/2024	6.88%	14,225		13,869		13,869		10/9/2027	10/9/2029
Tacoma	Self-Storage	10/08/2024	6.88%	13,356		13,307		13,307		10/9/2027	10/9/2029
Los Angeles	Multifamily	10/10/2024	6.53%	22,545		21,028		21,148		10/9/2026	10/9/2029
Washington D.C.	Multifamily	10/15/2024	6.38%	98,900		97,570		97,576		10/9/2027	10/9/2029
San Jose (5)	Industrial	10/31/2024	12.00%	30,000		25,773		25,773		10/31/2027	10/31/2029
New York (4)	Multifamily	12/06/2024	6.43%	61,897		61,397		61,757		12/9/2027	12/9/2029
Orange County	Industrial	12/13/2024	6.63%	67,832		54,711		54,879		1/9/2028	1/9/2030
Riverside	Industrial	12/17/2024	6.88%	58,092		51,556		51,744		1/9/2028	1/9/2030
Ft Lauderdale	Self-Storage	12/18/2024	6.88%	14,251		14,006		14,006		1/9/2028	1/9/2030
Chicago	Industrial	12/20/2024	6.63%	31,802		30,426		30,546		1/9/2028	1/9/2030
Austin	Industrial	01/16/2025	6.73%	26,042		22,961		23,048		2/9/2028	2/9/2030


$ in thousands
Metropolitan Statistical Area	Property Type	Origination Date	Weighted Average Interest Rate(1)	Loan Amount(2)		Principal Balance Outstanding		Fair Value		Current Maturity	Maximum Maturity(3)
Raleigh	Student Housing	01/30/2025	6.38%	43,460		40,704		40,842		2/9/2027	2/9/2030
Columbia	Student Housing	02/06/2025	6.38%	29,750		26,786		26,876		2/9/2027	2/9/2030
Baton Rouge	Student Housing	02/06/2025	6.38%	29,500		25,288		25,370		2/9/2027	2/9/2030
Portland	Multifamily	02/13/2025	6.38%	60,165		59,483		59,832		3/9/2027	3/9/2030
Eugene	Student Housing	02/19/2025	6.38%	73,053		68,659		68,888		3/9/2027	3/9/2030
Austin	Student Housing	02/19/2025	6.38%	49,943		47,990		48,151		3/9/2027	3/9/2030
Knoxville	Student Housing	02/20/2025	6.38%	98,290		88,812		89,284		3/9/2027	3/9/2030
Philadelphia	Self-Storage	03/11/2025	6.78%	6,715		6,454		6,448		4/9/2028	4/9/2030
Minneapolis	Self-Storage	03/11/2025	6.78%	7,475		7,265		7,251		4/9/2028	4/9/2030
Athens	Student Housing	04/01/2025	6.18%	27,200		25,324		25,398		4/9/2027	4/9/2030
Athens	Student Housing	04/01/2025	6.18%	22,000		21,069		21,134		4/9/2027	4/9/2030
New York	Multifamily	04/15/2025	6.03%	25,682		22,445		22,445		5/9/2028	5/9/2030
Boston	Self-Storage	05/19/2025	6.53%	9,276		9,083		9,128		6/9/2028	6/9/2030
Portland	Multifamily	05/21/2025	6.08%	50,110		50,110		50,110		6/9/2027	6/9/2030
Various U.S.	Industrial	06/09/2025	5.98%	354,550		344,365		344,365		6/9/2028	6/9/2030
London, United Kingdom	Industrial	06/17/2025	6.58%	208,825		208,825		208,825		7/10/2027	7/10/2028
Seattle	Self-Storage	07/08/2025	6.48%	6,776		6,324		6,324		7/9/2028	7/9/2030
Orlando	Industrial	07/10/2025	6.38%	80,150		69,927		69,927		7/9/2028	7/9/2030
Europe	Industrial	07/28/2025	5.28%	50,894		50,894		50,894		10/7/2027	10/7/2029
Raleigh	Multifamily	08/08/2025	6.18%	47,870		40,550		40,550		8/9/2028	8/9/2030
Seattle	Multifamily	08/20/2025	6.23%	24,240		23,000		23,000		9/9/2028	9/9/2030
San Antonio	Industrial	09/11/2025	6.23%	39,546		33,860		33,860		10/9/2028	10/9/2030
Chicago	Multifamily	09/16/2025	6.08%	91,050		85,000		85,000		10/9/2028	10/9/2030
Various U.S.	Multifamily	09/30/2025	5.93%	255,500		254,000		254,000		10/9/2028	10/9/2030
Europe	Industrial	09/30/2025	5.53%	22,146		22,146		22,146		10/15/2027	10/15/2029
Salt Lake City	Self-Storage	10/14/2025	6.43%	9,780		9,355		9,355		11/9/2028	11/9/2030
New York (4)	Multifamily	10/14/2025	6.08%	140,500		134,496		134,496		10/9/2028	10/9/2030
Atlanta	Self-Storage	10/14/2025	6.43%	8,928		8,533		8,533		11/9/2028	11/9/2030
New York (4)	Multifamily	10/15/2025	5.78%	280,000		280,000		280,000		11/9/2028	11/9/2030
Sarasota	Multifamily	10/15/2025	6.08%	40,750		40,750		40,750		11/9/2028	11/9/2030
San Francisco	Multifamily	11/25/2025	6.08%	115,150		87,570		87,570		12/9/2027	12/9/2030
New York	Self-Storage	12/03/2025	6.28%	69,300		66,701		66,701		12/9/2028	12/9/2030
Riverside	Industrial	12/23/2025	6.53%	150,730		117,443		117,443		1/9/2029	1/9/2031
New York (4)	Multifamily	12/30/2025	5.96%	80,500		78,000		78,000		1/9/2029	1/9/2031
Phoenix	Multifamily	01/23/2026	6.08%	54,000		53,400		53,400		2/9/2028	2/9/2031
Baltimore	Industrial	02/03/2026	6.33%	42,100		37,500		37,500		2/9/2028	2/9/2031
Brighton, United Kingdom	Multifamily	02/27/2026	6.28%	222,505		216,505		216,505		4/9/2029	4/9/2031
San Francisco	Multifamily	03/12/2026	6.03%	136,532		128,760		128,760		4/9/2029	4/9/2031
Various U.S.	Multifamily	03/26/2026	6.28%	109,400		102,000		102,000		4/9/2029	4/9/2031
Miami	Industrial	03/30/2026	6.28%	50,638		42,768		42,768		4/9/2028	4/9/2031
			6.33%	$	5,575,099	$	5,193,289	$	5,200,218

(1)Represents weighted average interest rate of the most recent interest period in effect for each loan as of period end. Domestic loans earn interest at the one-month Term SOFR plus a spread. Euro denominated loans earn interest at three-month Euribor plus a spread. Our loans denominated in British pound sterling earn interest at three-month SONIA plus a spread.

(2)Loan amount consists of outstanding principal balance plus unfunded loan commitments.

(3)Maximum maturity assumes all extension options are exercised by the borrower; however, loans may be repaid prior to such date. Extension options are subject to certain conditions as defined in the respective loan agreement.

(4)Whole loan includes a senior mortgage loan and mezzanine note.

(5)This loan is a mezzanine loan.

Significant Borrowers/Sponsors

As of March 31, 2026, we have invested in 81 commercial real estate loans with a fair value of $5.2 billion. Within our loan portfolio, we have exposure to over 30 individual sponsors. Approximately 31% of the portfolio is sponsored by firms included in the PERE Top 10 and approximately 49% is sponsored by firms in the PERE Top 100 list of the largest 100 real estate private equity firms. PERE (Private Equity Real Estate), published by Private Equity International, is a recognized industry publication and data provider covering the global private real estate investment sector. Our largest individual Sponsor exposure represents 13.4% of our loan portfolio across four facilities and an individual loan. A facility may contain individual loans that are cross-collateralized and cross-defaulted, but loans are not cross-collateralized nor cross-defaulted across facilities, and the credit exposure of each facility’s loans is contained within its distinct structure. No single facility or loan is greater than 10% of the portfolio.

Loan Risk Ratings

We evaluate each loan at origination and assign an overall risk rating based on several factors, including but not limited to, credit metrics and volatility, sponsorship, sector type, property condition and performance, and market to determine the overall health of each loan investment in the portfolio (“Loan Risk Rating”). Loans are rated “1” (very low risk), “2” (low risk), “3” (medium risk), “4” (high risk/potential for loss), or “5” (impaired/loss likely). We re-evaluate the loan risk ratings on our loan portfolio quarterly and update risk ratings as needed.

Our loan portfolio had a weighted-average loan risk rating of 2.8 as of March 31, 2026 and December 31, 2025.

Real Estate-Related Securities

As of March 31, 2026, our liquid real estate-related securities portfolio consisted of investments in commercial mortgage-backed securities (“CMBS”). The following table details overall statistics for our investments in real estate-related securities as of March 31, 2026:


$ in thousands	March 31, 2026
Number of investments	11
Principal balance	$	17,220
Amortized cost	$	17,182
Fair value	$	17,222
Period-end weighted average yield	6.16		%
Weighted average maturity date	February 2040

Financing and Other Liabilities

We finance the majority of our commercial real estate loan portfolio through collateralized loan obligations and secured financing facilities, which are structured as repurchase agreements and term lending agreements. Pursuant to our fair value option election described in the notes to our financial statements, we mark to market assets and liabilities associated with our financing arrangements for financial reporting purposes. For repurchase agreements with defined credit mark-to-market features, lenders may require us to provide additional margin in the form of cash or other forms of collateral in connection with underlying collateral value decreases, as is customary for agreements of this type. We have not received margin calls on any of our repurchase agreements to date. Certain of our financing arrangements, however, are not contractually subject to credit or capital markets mark-to-market provisions with respect to margin call rights (i.e., liability repayment) and are referred in the below table as “Non-Mark-to-Market” financing arrangements.

We utilize a revolving line of credit as a short-term cash management tool to pay fees and expenses and bridge portfolio-level financing arrangements. Our revolving line of credit bears interest at a one-month Term SOFR plus a spread and had a weighted average borrowing rate of 6.57% as of March 31, 2026.

The table below summarizes our financing liabilities as of March 31, 2026(1). These facilities charge interest at one-month Term SOFR plus a spread for our USD denominated borrowings, three-month Euribor plus a spread for our Euro denominated borrowings, and three-month SONIA plus a spread for our British pound sterling denominated borrowings. Secured financing facilities had a weighted average borrowing rate of 5.20% as of March 31, 2026.


$ in thousands	Non-/Mark-to-Market on Collateral	Maximum Facility Size		Amount Outstanding		Available Balance

Collateralized Loan Obligations
INCREF 2025-FL1	Non-Mark-to-Market	$	998,234	$	998,234	$	—

Term Lending Agreements
INCREF Lending II	Non-Mark-to-Market	300,000		155,397		144,603
INCREF Lending III	Non-Mark-to-Market	72,840		68,000		4,840

Secured Lending Agreements




Morgan Stanley Bank	Mark-to-Market	750,000		680,570		69,430
Citibank	Mark-to-Market	1,000,000		582,004		417,996
Barclays	Mark-to-Market	500,000		422,894		77,106
Wells Fargo	Mark-to-Market	1,200,000		570,905		629,095
Bank of Montreal	Mark-to-Market	256,600		256,600		—
INCREF Repurchase I	Mark-to-Market	250,000		175,036		74,964
INCREF Repurchase II	Mark-to-Market	250,000		133,008		116,992
		$	5,577,674	$	4,042,648	$	1,535,026

Revolving Credit Facility		$	162,000	$	16,000	$	146,000

(1) See Note 5 — “Borrowings” and Note 6 — “Collateralized Loan Obligations” for important footnotes to the borrowings table and other disclosures.

Each of our secured financing facilities contains customary terms and conditions, including but not limited to, negative covenants relating to restrictions on our operations with respect to our status as a REIT, and financial covenants, such as a minimum interest coverage ratio covenant, a minimum tangible net worth covenant, a cash liquidity covenant and a leverage covenant.

With respect to our revolving credit facility, we are required to comply with customary loan covenants and event of default provisions that include, but are not limited to, negative covenants relating to restrictions on operations with respect to our status as a REIT, and financial covenants. Such financial covenants include a minimum aggregate net capital contributions to net costs of investments ratio covenant and a maximum leverage covenant.

As of March 31, 2026, we were in compliance with the covenants of our financing facilities.

On May 7, 2025, the Company financed a pool of loans and loan participations from its existing loan portfolio through a managed collateralized financing entity, “INCREF 2025-FL1” or “CLO Issuer”, contributing $1.2 billion of commercial real estate loan investments into the CLO Issuer and issuing $1.2 billion of notes. The Company retained $219.1 million of the CLO Issuer. The rated notes bear interest at Term SOFR plus a spread and will mature at par on the payment date in October 2042, unless redeemed or repaid prior thereto. The proceeds from the issuance, after payment of certain fees and expenses, were primarily used to repay amounts owed to certain repurchase agreement facility lenders.

The table below summarizes our collateralized loan obligations as of March 31, 2026.


	Facility						Collateral
$ in thousands	Term	Weighted Average Interest Rate(1)	Amount Outstanding		Fair Value		Count	Principal Balance Outstanding		Fair Value

INCREF 2025-FL1	Oct 2042	5.63%	$	998,234	$	1,004,858	29	$	1,180,591	$	1,187,520
Total			$	998,234	$	1,004,858	29	$	1,180,591	$	1,187,520

(1) Represents the weighted average interest rate in effect as of March 31, 2026.

Results of Operations

For the three months ended March 31, 2026 and 2025, our results of operations consisted of:


	Three Months Ended March 31,
$ in thousands except per share amount	2026		2025		$ Change
Net Interest Income
Commercial real estate loan interest income	$	77,125	$	46,841	$	30,284
Real estate related-securities interest income	234		—		234
Other interest income	865		975		(110)
Interest expense	(51,619)		(31,297)		(20,322)
Net interest income	26,605		16,519		10,086

Other Income (Expense)
Unrealized gain (loss) on loans, net	(16,230)		12,680		(28,910)
Gain (loss) on real estate-related securities, net	(46)		—		(46)
Unrealized gain (loss) on secured financing facilities, net	10,142		(8,474)		18,616
Unrealized gain (loss) on collateralized loan obligations, net	871		—		871
Gain (loss) on derivative instruments, net	6,259		(2,180)		8,439
Gain (loss) on foreign currency transactions, net	(466)		9		(475)
Commitment fee income, net of related party expense of $1,463 and $2,119 for the three months ended March 31, 2026 and 2025, respectively	4,380		2,119		2,261
Other income and (expense), net	192		289		(97)
Total other income (expense), net	5,102		4,443		659

Expenses
Management and performance fees - related party	3,804		1,830		1,974
Debt issuance and other financing costs related to borrowings, at fair value	4,868		4,916		(48)
Organizational costs	—		2		(2)
General and administrative	3,319		2,550		769
Total expenses	11,991		9,298		2,693

Net income (loss)	$	19,716	$	11,664	$	8,052
Net income (loss) attributable to non-controlling interest	3		—		3
Dividends to preferred stockholders	—		(2)		2
Issuance and redemption costs of redeemed preferred stock	—		(27)		27
Net income (loss) attributable to common stockholders	$	19,713	$	11,635	$	8,078

Earnings (loss) per share:
Net income (loss) attributable to common stockholders
Basic	$	0.42	$	0.43	$	(0.01)
Diluted	$	0.42	$	0.43	$	(0.01)
Weighted average number of shares of common stock
Basic	46,541,642		27,233,292		19,308,350
Diluted	46,541,867		27,233,368		19,308,499

(1) Net income in the above table differs from comprehensive income in the condensed consolidated statements of comprehensive income due to the currency translation adjustment of $(71,000) and $26,000 for the three months ended March 31, 2026 and 2025, respectively. The currency translation adjustment represents gains or losses from converting consolidated foreign subsidiaries' financial statements into the parent company's reporting currency for financial reporting purposes. These amounts do not result from operations and are not reflected above in net income.

Net Income (Loss) attributable to Common Stockholders

Net income (loss) attributable to common stockholders increased by $8.1 million during the three months ended March 31, 2026, as compared to March 31, 2025. We originated or acquired six loans during the three months ended March 31, 2026, compared to 10 loan originations during the three months ended March 31, 2025. The increase across periods was primarily due to the increase in average earning assets during the period, as compared to March 31, 2025 and as illustrated in the table below.

Net Interest Income

Interest Income and Average Earning Asset Yields

The table below presents information related to our average earning assets and earning asset yields for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
$ in thousands	2026			2025
Average earning assets(1)	$	5,003,495		$	2,663,955
Average earning assets yield(2)	6.18		%	7.03		%

(1) Average earning assets are based on weighted month-end balances.

(2) Average earning asset yield is calculated by dividing interest income by average earning assets. All yields are annualized. Average earning assets yield decreased compared to the prior period due to a combination of reduced benchmark rates and reduced pricing on our commercial real estate loan investments.

Interest Expense

The table below presents information related to our borrowings and cost of funds for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
	2026								2025
$ in thousands	Average Borrowings(1)		Interest Expense		Average Cost of Funds(2)		Maximum Borrowings(3)		Average Borrowings(1)		Interest Expense		Average Cost of Funds(2)		Maximum Borrowings(3)
Secured financing facilities	$	2,884,924	$	36,479	5.06	%	$	3,044,413	$	2,043,460	$	31,072	6.08	%	$	2,149,259
Revolving credit agreement	29,744		482		6.48	%	156,000		13,233		225		6.82	%	—
Collateralized loan obligations	998,234		14,658		5.87	%	998,234		—		—		—	%	—
Total	$	3,912,902	$	51,619	5.28	%	$	4,198,647	$	2,056,693	$	31,297	6.09	%	$	2,149,259

(1) Average borrowings are generally based on weighted month-end balances. In the absence of month-end balances, average daily balances are used. Average borrowings increased to finance new investments which grew correspondingly during the period.

(2) Average cost of funds is calculated by dividing annualized interest expense by average borrowings. Average cost of funds decreased compared to the prior period due to a combination of reduced benchmark rates and reduced pricing on our secured financing facilities.

(3) Amount represents the maximum borrowings at each month-end within the period.

Other Income (Expense), Net

Unrealized gain (loss) on loans, net, and Unrealized gain (loss) on secured financing facilities, net

Unrealized gains (losses) on loans and secured financing facilities are comprised of unrealized fair value market price changes and unrealized changes in foreign exchange rates. The tables below present these components for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
$ in thousands	2026		2025
Loans
Unrealized gain (loss) on fair value marks	$	(602)	$	1,856
Unrealized gain (loss) on foreign exchange revaluation	(15,628)		10,824
Unrealized gain (loss) on loans, net	$	(16,230)	$	12,680

Secured financing facilities
Unrealized gain (loss) on fair value marks	$	243	$	195
Unrealized gain (loss) on foreign exchange revaluation	9,899		(8,669)
Unrealized gain (loss) on secured financing facilities, net	$	10,142	$	(8,474)

Unrealized gain (loss) on collateralized loan obligations, net

Unrealized gain (loss) on collateralized loan obligations, net was a net gain of $0.9 million for the three months ended March 31, 2026. As the Company entered into the related CLO in May 2025, there were no unrealized gains or losses on collateralized loan obligations for the three months ended March 31, 2025.

Gain (loss) on derivatives, net

We enter into currency forward contracts to help mitigate the impact of changes in foreign currency exchange rates on our investments and financing transactions denominated in currencies other than the United States dollar. Despite being economic hedges, we have elected not to treat our foreign currency forwards as hedges for accounting purposes and, therefore, the realized and unrealized gains and losses associated with such instruments are included in gain (loss) on derivative instruments, net and may not fully offset the foreign exchange gains and losses on the loans and secured financing facilities. For the three months ended March 31, 2026, we recorded a realized gain of $2.6 million and an unrealized gain of $3.7 million on currency forward contracts. For the three months ended March 31, 2025, we recorded a realized gain of $0.1 million and an unrealized loss of $2.3 million on currency forward contracts.


$ in thousands	Three Months Ended March 31, 2026		Three Months Ended March 31, 2025
Unrealized foreign exchange gain (loss) on loans	$	(15,628)	$	10,824
Unrealized foreign exchange gain (loss) on secured financing facilities	9,899		(8,669)
Gain (loss) on foreign currency transactions net	(466)		9
Gain (loss) on derivative instruments, net	6,259		(2,180)
Net impact of hedged foreign exchange	$	64	$	(16)

Commitment fee income, net of related party expense

Borrowers pay a commitment fee that is calculated as a percent of the whole loan on a fully-funded basis, as determined by the Adviser at the time of origination. We pay our Adviser 50% (not to exceed 0.5% of the whole loan amount on a fully-funded basis) of any commitment fee charged to borrowers in connection with each new loan. As part of the Adviser’s ongoing commitment to our continued success and to benefit the Company and its stockholders, the Adviser elected to irrevocably waive half of the commitment fees payable to the Adviser in connection with each new loan originated during the period commencing January 1, 2026 through December 31, 2026. For the quarter ended March 31, 2026, the amount waived equaled $1.5 million.

We recognize commitment fees immediately in earnings because we elected the fair value option for our loan investments. For the three months ended March 31, 2026 and 2025, respectively, we earned approximately $4.4 million and $2.1 million of commitment fee income, after related party expenses. We originated six loans during the three months ended March 31, 2026, compared to 10 loan originations during the three months ended March 31, 2025.

Expenses

Our expenses for the three months ended March 31, 2026 totaled $12.0 million and primarily consisted of management and performance fees, debt issuance and other financing costs, and general and administrative expenses. Expenses increased by $2.7 million as compared to the three months ended March 31, 2025, due primarily to an increase in the Company’s business activities since the prior-year period. The number of commercial real estate loan investments increased to 81 at March 31, 2026 from 56 at March 31, 2025.

Management fees and performance fees began to accrue on March 1, 2024. Management fees are accrued monthly and paid quarterly in arrears and performance fees are paid annually. The management fee is based on our NAV and is paid to the Adviser as compensation for services provided under the Advisory Agreement. The performance fee is based on Performance Fee Income, as defined in our Advisory Agreement. We will not pay the Adviser a performance fee with respect to any class of shares that has a negative total return per share for the calendar year. Total return is determined based on total distributions plus the change in NAV. During the three months ended March 31, 2026, we incurred management fees of $2.2 million and performance fees of $1.6 million compared to management fees of $1.1 million and performance fees of $0.8 million incurred in the three months ended March 31, 2025.

We expense debt issuance costs as incurred because we elected the fair value option for our secured financing facilities and revolving credit facility. When we incur debt issuance costs prior to a debt facility closing, we expense the costs as incurred if we intend to elect the fair value option to account for the debt facility and the closing is probable as of the balance sheet date. Our debt issuance and other financing costs primarily consist of upfront lender fees and legal costs directly associated with entering into our debt facilities. During the three months ended March 31, 2026 and 2025, we incurred debt issuance and other financing costs of $4.9 million. In the 2026 period, we incurred upfront costs due to a new repurchase facility and upsizing an existing repurchase facility; whereas in the 2025 period, we incurred upfront costs for the CLO Issuer and a new repurchase facility. For the three months ended March 31, 2026, average secured financing facilities borrowings were $2.9 billion as compared to $2.0 billion for the three months ended March 31, 2025.

Our general and administrative expenses primarily consisted of investing, accounting, auditing, legal and other professional fees. Our general and administrative expenses for the three months ended March 31, 2026 increased by $0.8 million as compared to the three months ended March 31, 2025. The increase is reflective of the increase in activity over the comparative period.

Net Asset Value (“NAV”)

We calculate our NAV each month in accordance with valuation guidelines approved by our board of directors. We calculate our NAV for each class of shares based on the net asset values of our investments (including but not limited to commercial real estate loans and debt securities), the addition of any other assets (such as cash, restricted cash, receivables, and other assets obtained in the ordinary course of business), and the deduction of any liabilities (including but not limited to financing facilities, Company-level credit facilities, securitized loans, payables, and other liabilities incurred in the ordinary course of business). NAV is not a measure used under generally accepted accounting principles in the United States of America (“GAAP”) and the valuations of and certain adjustments made to our assets and liabilities used in the determination of NAV differs from GAAP. NAV is not equivalent to equity or any other GAAP measure.

The following table details the major components of our NAV as of March 31, 2026 and December 31, 2025:


$ in thousands, except share data	March 31, 2026		December 31, 2025
Commercial real estate loan investments, at fair value	$	5,200,218	$	4,702,728
Real estate-related securities, at fair value	17,222		14,818
Cash and cash equivalents	19,405		16,557
Restricted cash	34,334		29,058
Interest receivable	22,161		20,746

Derivative assets, at fair value	3,134		615
Other assets(1)	38,607		736
Unamortized debt costs	15,417		13,329
Secured lending agreements, at fair value	(2,820,938)		(2,359,543)
Term lending agreements, at fair value	(223,397)		(223,033)
Collateralized loan obligations, at fair value	(1,004,858)		(1,005,157)
Revolving credit facility, at fair value	(16,000)		(55,000)
Interest payable	(13,282)		(12,795)
Derivative liabilities, at fair value	(838)		(1,992)

Dividends and distributions payable	(7,277)		(6,536)
Accounts payable, accrued expenses and other liabilities	(45,390)		(31,526)
Due to affiliates(2)	(8,223)		(14,039)
Non-controlling interest liquidation preference	(125)		—
Net asset value	$	1,210,170	$	1,088,966
Number of outstanding shares(3)	48,062,325		43,168,734

(1) Other assets include $0.9 million of prepaid expenses, $37.5 million principal and interest due from servicer, and $0.2 million related to the elimination of the impact of the net mark-to-market on retained CLO interests as of March 31, 2026. As of December 31, 2025, other assets include $0.4 million of prepaid expenses, $0.2 million of deferred offering costs and $0.1 million related to the elimination of the impact of the net mark-to-market on retained CLO interests.

(2) Excludes (i) amounts advanced by the Adviser of $10.0 million and $10.9 million for organizational, offering and operating expenses as of March 31, 2026 and December 31, 2025, respectively and (ii) accrued stockholder servicing fees not currently payable to the Dealer Manager of $24.3 million and $22.4 million as of March 31, 2026 and December 31, 2025, respectively.

(3) Includes 5,202,048 and 5,048,509 shares of common stock held by an Invesco affiliate that are classified as redeemable common stock as of March 31, 2026 and December 31, 2025, respectively.

The following table provides a breakdown of our total NAV and NAV per share by class as of March 31, 2026:


$ in thousands, except per share data	Class S Shares		Class S-1 Shares		Class D Shares		Class D-1 Shares		Class I Shares		Class E Shares		Class F Shares		Total
Net asset value	$	37,543	$	563,686	$	30,033	$	3,016	$	294,908	$	46,171	$	234,813	$	1,210,170
Number of outstanding shares(1)	1,509,598		22,566,061		1,208,780		121,204		11,823,545		1,787,328		9,045,809		48,062,325
NAV Per Share(2)	$	24.87	$	24.98	$	24.85	$	24.88	$	24.94	$	25.83	$	25.96

(1) Includes 1,196,923 Class S shares, 1,197,628 Class D shares, 1,194,434 Class I shares and 1,613,063 Class E shares that are classified as redeemable common stock.

Reconciliation of Equity to NAV

NAV is not a measure used under GAAP. In addition, there is no rule or regulation that requires we calculate NAV in a certain way. As a result, other REITs may use different methodologies or assumptions to determine NAV. Our monthly NAV is determined in accordance with valuation guidelines that have been approved by our board of directors. The treatment of certain assets and liabilities used for the determination of NAV under these guidelines differs from GAAP. NAV is not equivalent to equity or any other GAAP measure.

The following table reconciles GAAP equity per our condensed consolidated balance sheets to our NAV:


$ in thousands	March 31, 2026		December 31, 2025
Equity	$	1,028,631	$	914,643
Adjustments:
Redeemable common stock - related party	131,747		127,691
Advanced organizational, offering and operating expenses	10,034		10,870
Accrued stockholder servicing fees not currently payable(1)	24,288		22,352
Unamortized debt costs	15,417		13,329
Elimination of impact of net mark-to-market on retained CLO interests	178		81
Non-controlling interest liquidation preference	(125)		—
NAV	$	1,210,170	$	1,088,966

(1) We have accrued stockholder servicing fees totaling $24.7 million of which $0.4 million is currently payable to the Dealer Manager as of March 31, 2026 and totaling $22.4 million of which $0.4 million was payable to the Dealer Manager as of December 31, 2025.

We classify common stock held by Invesco Realty, Inc., an affiliate, as redeemable common stock, which is not a component of equity on our GAAP condensed consolidated balance sheets. Due to the redemption terms and other features of these shares described in Note 11 — “Redeemable Common Stock - Related Party” of our Condensed Consolidated Financial Statements, we include the redemption value of these shares in our NAV as of each reporting date.

Given their timing and substantial size, reflecting organizational, offering and operating expense in NAV when incurred can be overly punitive to the NAV per share of early investors and reduce cash available for new investments that will inure to the benefit of later investors. To help mitigate the impact of this timing difference, the Adviser incurred the bulk of these costs on our behalf and agreed to allow them to be repaid after a reasonable initial period over a fixed period of time. Under the terms of our Advisory Agreement, the Adviser advanced all of our organizational, offering and operating expenses (other than upfront selling commissions and ongoing stockholder servicing fees) incurred through May 31, 2024. Starting in December of 2024, we began reimbursing the Adviser for these costs ratably over 52 months. We will decrease our NAV by the amount of each monthly repayment made to the Adviser during the reimbursement period. These costs were expensed as incurred in our GAAP financial statements.

Under the terms of our agreement, the Dealer Manager is entitled to receive upfront selling commissions and stockholder servicing fees for Class S, Class S-1, Class D, and Class D-1 shares sold in the Continuous Offering. Under GAAP, we accrue the full amount of stockholder servicing fees payable over an estimated investor holding period as an offering cost at the time each Class S, Class S-1, Class D and Class D-1 share is sold during the Continuous Offering and treat the amount as an offset (reduction) to Additional Paid-In Capital. As the actual monthly amounts are remitted to the Dealer Manager, the NAV is reduced by a corresponding amount.

We have elected the fair value option for our financing facilities and expense debt issuance costs in accordance with GAAP. However, when calculating our NAV, we capitalize debt issuance and other financing costs, including original issuance discounts, as incurred and expense the costs over the life of the financing arrangement so that the costs to maintain the financing arrangement are borne by all investors who benefit from their use, rather than just those who were invested during the period in which the financing arrangement was implemented.

The consolidated CLO assets and notes held by third parties are presented on the condensed consolidated balance sheet at fair value and are also included in our NAV as assets and liabilities at fair value. The difference between the consolidated CLO’s assets and the third-party liabilities is equivalent to the Company’s retained interest, which is eliminated in consolidation. The net changes in valuation of the CLO’s loan assets and third party notes from period to period is adjusted from GAAP when presenting NAV, as the Company will hold its retained interests until maturity, unless deemed permanently impaired. If the Adviser deems any portion of its retained interest impaired, such credit loss will be recognized in the net asset value calculation. Impairment is indicated when it is deemed probable that we will not be able to collect all amounts due to us pursuant to the terms of our retained interest.

Distributions

We generally intend to distribute substantially all of our taxable income, which does not necessarily equal net income as calculated in accordance with GAAP, to our stockholders each year to comply with the REIT provisions of the Code. Distributions are at the discretion of our board of directors and include a review of earnings, cash flow, liquidity and capital resources.

The net distribution varies for each class based on the applicable stockholder servicing fee, which is deducted from the monthly distribution per share and paid directly to the applicable distributor.

For the three months ended March 31, 2026 and 2025, we declared distributions of $21.1 million and $12.9 million, respectively.

The following tables summarize our distributions declared during the three months ended March 31, 2026 and 2025.


	Three Months Ended March 31,
	2026				2025
$ in thousands	Amount		Percentage		Amount		Percentage
Distributions
Payable in cash	$	7,571	36	%	$	4,915	38	%
Reinvested in shares	13,514		64	%	8,028		62	%
Total distributions	$	21,085	100	%	$	12,943	100	%
Sources of Distributions
Cash flows from operating activities	$	21,085	100	%	$	11,271	87	%
Offering proceeds	—		—	%	1,672		13	%

Total sources of distribution	$	21,085	100	%	$	12,943	100	%

Net cash provided by operating activities	$	22,734			$	11,271

The table below details the net distribution per share for each of our common share classes for the three months ended March 31, 2026:


Declaration Date	Class S Shares		Class S-1 Shares		Class D Shares		Class D-1 Shares		Class I Shares		Class E Shares		Class F Shares
January 31, 2026	$	0.1571	$	0.1419	$	0.1600	$	—	$	0.1600	$	0.1600	$	0.1600
February 28, 2026	0.1567		0.1437		0.1600		0.1552		0.1600		0.1600		0.1600
March 31, 2026	0.1563		0.1420		0.1599		0.1547		0.1600		0.1600		0.1600
Total(1)	$	0.4701	$	0.4276	$	0.4799	$	0.3099	$	0.4800	$	0.4800	$	0.4800

(1) The net distribution varies for each class based on the applicable stockholder servicing fee, which is deducted from the monthly distribution per share and paid directly to the Dealer Manager.

Liquidity and Capital Resources

Liquidity is a measure of our ability to meet potential cash requirements, including ongoing commitments to pay dividends, fund investments, repay borrowings, and fund other general business needs, including our offering and operating expenses. Our offering and operating expenses include, among other things, the management and performance fees we pay to the Adviser, selling commissions, dealer manager fees and stockholder servicing fees we pay to the Dealer Manager, legal, audit and valuation expenses, federal and state filing fees, administrative fees, and transfer agent fees. The Adviser and its affiliates provide us with our management team, including our officers and appropriate support personnel. The Adviser or the Adviser's affiliates may provide us services that would otherwise be performed by third parties. In such event, we will reimburse the Adviser or the Adviser's affiliate the cost of performing such services provided that such reimbursements will not exceed the amount that would be payable if such services were provided by a third party in an arms-length transaction.

Our sources of funds for liquidity consist of the net proceeds from our Continuous Offering, net cash provided by operating activities, proceeds and available borrowings from our secured financing facilities, collateralized loan obligations, and our revolving credit facility, loan repayments, uncalled capital commitments, and future issuances of equity and/or debt securities.

As of March 31, 2026, we had unfunded commitments of $381.8 million for certain of our commercial real estate loan investments. We currently believe that we have sufficient liquidity and capital resources available to settle these unfunded commitments, for the acquisition of additional investments, repayments on borrowings, the payment of cash dividends as required for continued qualification as a REIT, and to repurchase shares of our common stock under our share repurchase plan. Cash needs for items other than loan originations and asset acquisitions, including distributions, are generally met from operations, and cash needs for loan originations and asset acquisitions are funded by our continuous private offering and debt financings. However, there may be a delay between the sale of our shares and our origination of loan assets or purchase of assets that could result in a delay in the benefits to our stockholders, if any, of returns generated from our investment operations.

We held cash and cash equivalents of $19.4 million and restricted cash of $34.3 million as of March 31, 2026. Our cash and cash equivalents change due to normal fluctuations in cash balances related to the timing of principal and interest payments and loan origination and funding activity. Our restricted cash changes based on the volume of new subscriptions for our shares, for payment of dividends by foreign subsidiaries after regulatory approval has been obtained, and for cash held by the Company’s collateralized loan obligations issuer pending reinvestment in eligible collateral.

The following table sets forth changes in cash and cash equivalents and restricted cash:


	Three Months Ended March 31,
$ in thousands	2026		2025
Cash flows provided by operating activities	$	22,734	$	11,271
Cash flows used in investing activities	(549,603)		(384,589)
Cash flows provided by financing activities	535,030		367,532
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(37)		(1)
Net change in cash, cash equivalents and restricted cash	$	8,124	$	(5,787)

Operating activities — Cash flows provided by operating activities increased $11.5 million during the three months ended March 31, 2026 compared to the corresponding period in 2025 primarily driven by the increase in net interest income, which is income generated by our investments less financing costs.

Investing activities — Cash flows used in investing activities increased $165.0 million during the three months ended March 31, 2026 compared to the corresponding period in 2025 and consisted of originating six commercial real estate loan investments during the period and the purchase of real estate-related securities. Originations and fundings of loans during the three months ended March 31, 2026 totaled $595.6 million compared to $384.7 million during the corresponding period in 2025. The increase was partially offset by principal payments received from commercial real estate loan repayments.

Financing activities — Cash flows provided by financing activities increased $167.5 million during the three months ended March 31, 2026 compared to the corresponding period in 2025 primarily driven by net proceeds from our secured financing facilities, net proceeds from the issuance of common stock and repurchases of redeemable common stock in the prior-year period. The increase was partially offset by the net repayment of proceeds from our revolving credit facility, repurchases of common stock and payments of dividends.

As of March 31, 2026, our total assets were approximately $5.3 billion and consisted primarily of 81 investments in commercial real estate loans totaling $5.2 billion, restricted cash of $34.3 million and cash and cash equivalents of $19.4 million. We financed our commercial real estate loan investments with $3.0 billion of secured financing facility borrowings and $1.0 billion of collateralized loan obligations.

Our primary sources of liquidity as of March 31, 2026 and December 31, 2025 are summarized in the following table:


$ in thousands	March 31, 2026		December 31, 2025
Cash and cash equivalents	$	19,405	$	16,557
Available borrowings under revolving credit agreements	146,000		107,000
Available borrowings under secured financing facilities	1,535,026		997,028
Total sources of liquidity	$	1,700,431	$	1,120,585

Our target Leverage Ratio is 50% to 65% of the aggregate value of the underlying collateral of our senior loan investments, and our maximum permitted Leverage Ratio is 65%. “Leverage Ratio,” defined by the investment guidelines adopted by our Board, is measured by dividing (x) the sum of our outstanding liabilities under our direct leverage portfolio-level financing facilities by (y) the aggregate of the underlying collateral securing the loans in our portfolio that are not subordinated loans at the time such leverage is incurred.

The collateralized loan obligation financing includes a 30-month reinvestment period beginning in May 2025 (unless, before such date, all of the notes are redeemed or an event of default occurs and is continuing) during which we may acquire additional collateral interests, subject to the satisfaction of certain conditions set forth in the indenture, allowing us to generate incremental liquidity and maintain the aggregate amount of collateral assets in the CLO and the related financing that is outstanding.

We also may use Company-level credit facilities or other financing arrangements that are not secured by our loan portfolio assets or other investments as short-term cash management tools to pay fees and expenses and bridge portfolio-level financing arrangements. There is no limit on the short-term indebtedness we may incur under revolving credit facilities, but any of these amounts outstanding for 12 months or longer will be factored into the Leverage Ratio.

Invesco has committed to purchase $150.0 million in capital under the Invesco Subscription Agreement in one or more closings through March 23, 2028. We may also call up to $150.0 million in additional capital (for a total of $300.0 million) if needed to avoid triggering any concentration limit imposed by a third party in connection with its distribution or placement of our shares or for purposes of repaying indebtedness drawn on the revolving credit facility. As of March 31, 2026, we had called $120.0 million of the total $300.0 million. Invesco Realty may not submit its shares for repurchase under our share repurchase plan until the earlier of March 23, 2028 and the date that our aggregate NAV is at least $1.5 billion. We can only accept a repurchase request from Invesco Realty after all requests from unaffiliated stockholders have been fulfilled. We may elect to repurchase all or any portion of the shares acquired by Invesco’s affiliate at any time at a per share price equal to the most recently determined NAV per share for the applicable share class.

An institutional investor purchased $200 million of our Class F shares during 2024. The Class F stockholder may not submit its shares for repurchase under our share repurchase plan until the earlier of March 23, 2028 and the date our aggregate NAV reaches $1.5 billion. However, the Class F stockholder is entitled to request that we repurchase its shares in the event that there is a Key Person Event or a Material Strategy Change, as such terms are defined in the Class F subscription agreement.

If we are unable to continue raising substantial funds in our Continuous Offering, we will make fewer investments resulting in less diversification in terms of the type, number, and size of investments we make. Our inability to raise substantial funds would increase our fixed operating expenses as a percentage of gross income, reduce our net income, and limit our ability to make distributions.

Reimbursement of Certain Costs Paid by the Adviser

Under the terms of our Advisory Agreement, the Adviser advanced all of our organizational, offering and operating expenses (other than upfront selling commissions and ongoing stockholder servicing fees) incurred through May 31, 2024. Starting in December 2024, we began reimbursing the Adviser for these costs ratably over 52 months. As of March 31, 2026, we owe the Adviser approximately $10.0 million for the remaining outstanding balance of the expenses advanced by the Adviser under this arrangement. Any operating expenses incurred by the Adviser on behalf of the fund after May 31, 2024 are reimbursed quarterly to the Adviser.

Starting with the quarter ended June 30, 2025, we may not reimburse the Adviser at the end of any fiscal quarter for Total Operating Expenses (as defined in the Advisory Agreement) that exceed the greater of 2% of average invested assets or 25% of net income determined without reduction for any non-cash reserves and excluding any gain from the sale of our assets for that period (the “2%/25% Guidelines”) for the four consecutive fiscal quarters then ended. We may reimburse the Adviser for expenses in excess of the 2%/25% Guidelines if a majority of our independent directors determines that such excess expenses are justified based on unusual and non-recurring factors. Operating expenses for the four consecutive fiscal quarters ended March 31, 2026 did not exceed the 2%/25% Guidelines.

Refer to Note 10 — “Related Party Transactions” of our Notes to Condensed Consolidated Financial Statements.

Forward-Looking Statements Regarding Liquidity

During the periods when we are selling more shares than we are repurchasing, we primarily use our capital to acquire our investments, which we also fund with other capital resources. During periods when we are repurchasing more shares than we are selling, we may use our capital to fund repurchases. We continue to believe that our current liquidity position is sufficient to meet the needs of our business.

In addition, we may have other funding obligations, which we expect to satisfy with the cash flows generated from our investments and our capital resources described above. Such obligations may include distributions to our stockholders, operating expenses, repayment of indebtedness, and debt service on our outstanding indebtedness. Our operating expenses include, among other things, the management fee and performance fee we pay to the Adviser, both of which will impact our liquidity to the extent the Adviser elects to receive such payments in cash, or subsequently redeems Class E shares previously issued to them. To date, the Adviser has elected to be paid in Class E shares, resulting in a non-cash expense. At certain times, the Adviser has redeemed previously issued Class E shares in cash.

Contractual Obligations and Commitments

Commitments and contingencies may arise in the ordinary course of business. As of March 31, 2026, we had unfunded commitments of $381.8 million for 66 of our commercial real estate loan investments. The unfunded commitments generally consist of funding for leasing costs, interest reserves and capital expenditures. Funding depends on timing of lease-up, renovation and capital improvements as well as satisfaction of certain cash flow tests. Therefore, the exact timing and amounts of such future loan fundings are uncertain. We expect to fund our loan commitments over the remaining current maturity of the related loans of 1.39 years.

We have also committed to pay counterparty legal, diligence and other fees in connection with new financing facilities in the ordinary course of business.

From time to time, we may be involved in various claims and legal actions arising in the ordinary course of business. As of March 31, 2026, we were not involved in any material legal proceedings.

Critical Accounting Policies and Estimates

There have been no significant changes to our critical accounting policies and estimates that are disclosed in our Annual Report on Form 10-K for the year ended December 31, 2025.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company may be exposed to market risk with respect to the fair value of commercial real estate loans and borrowings due to changes in market conditions, including spreads, benchmark interest rates, property cash flows, and commercial property values that serve as collateral. While we do not seek to avoid risk completely, we believe that risk can be quantified from historical experience, and we seek to actively manage that risk, to earn sufficient compensation to justify taking those risks and to maintain capital levels consistent with the risks we undertake.

Interest Rate Risk

Interest rate risk is highly sensitive to many factors, including governmental, monetary and tax policies, domestic and international economic and political considerations, and other factors beyond our control. We are exposed to interest rate volatility primarily as a result of the floating rate nature of the commercial real estate loans we hold and the financing we place on them. Additionally, we may use Company-level credit facilities featuring floating interest rates for liquidity and working capital purposes. Furthermore, we may make investments in fixed and floating rate debt securities; the value of our positions may increase or decrease depending on interest rate movements. Finally, interest rate changes may impact the availability of financing needed to expand our investment portfolio.

A rise in benchmark interest rates, such as SOFR, can be expected to lead to higher interest income earned (calculated as benchmark interest rate plus spread) on any variable rate commercial real estate loan we may hold and to declines in the value of any fixed rate commercial real estate loan we may hold. Rising benchmark interest rates carry default risk to our borrowers, because debt service payments may increase relative to cash flows from underlying properties, triggering borrower liquidity covenants. Therefore, we expect to protect interest income by requiring borrowers to purchase benchmark interest rate caps, which provides a hedge against rising benchmark interest rates, whereby the borrower will receive excess cash if benchmark interest rates exceed predetermined strike prices. Furthermore, rising benchmark interest rates also cause our overall cost of borrowing to increase, partially offsetting any increase in elevated interest income earned on our variable rate commercial real estate loan. We may use derivative financial instruments to hedge benchmark interest rate exposure on our borrowings to mitigate the impact on our debt service payments. An increase in benchmark interest rates may result in an increase in our net interest income and the amount of performance fees payable to the Adviser.

A decline in benchmark interest rates can be expected to lead to lower interest income earned from any variable rate commercial real estate loan we hold and increases in the value of any fixed rate commercial real estate loan we may hold. To mitigate the impact of reduced earnings as a result of declining benchmark interest rates, we expect to structure benchmark interest rate floors into each loan where the borrower will be required to pay minimum debt service payments should benchmark interest rates fall below a predetermined rate. Additionally, reduced benchmark interest rates also cause our overall cost of borrowings to decrease. Because our borrowings do not feature interest rate floors, but our variable rate commercial real estate loans feature minimum debt service payments due to us, declining benchmark interest rates below the structured floors may result in an increase to the net interest income received and an increase in the amount of performance fees payable to the Adviser.

As of March 31, 2026, we had $5.2 billion of floating rate commercial real estate loans, $3.0 billion of floating rate secured financing facilities, $1.0 billion of floating rate collateralized loan obligations, $16.0 million balance outstanding on our revolving credit facility, and $12.9 million of floating rate real-estate related securities.

The net interest income sensitivity analysis table presented below shows the estimated impact over a twelve-month period of an instantaneous parallel shift in the yield curve, up and down by 50 basis points and 100 basis points on our net interest income, assuming no changes in the composition of our commercial real estate loan investment portfolio and our outstanding borrowings in effect as of March 31, 2026. The analysis presented utilized assumptions, models and estimates of our Adviser based on our Adviser’s judgment and experience. Actual results could differ significantly from those estimated in the interest rate sensitivity table.


$ in thousands	At March 31, 2026
Change in Interest Rates	Projected Increase (Decrease) in Net Interest Income		Percentage Change in Projected Net Interest Income
+1.00%	$	11,660	9.73	%
+0.50%	$	5,776	4.82	%
-0.50%	$	(5,345)	(4.46)	%
-1.00%	$	(705)	(0.59)	%

As mentioned above, all of our variable rate commercial real estate loans have interest rate floors while our borrowings do not have floors. As a result, a decline in benchmark rates decreases our borrowing costs while loan income decreases only to the floor, which we anticipate would result in an increase in net interest income should benchmark interest rates fall below a predetermined rate.

Certain assumptions have been made in calculating the interest rate risk sensitivities and, as such, there can be no assurance that assumed events will occur or that other events will not occur that would affect the outcomes. The interest rate scenarios assume interest rates at March 31, 2026. Furthermore, while the analysis reflects the estimated impact of interest rate increases and decreases on a static portfolio, we actively manage the size and composition of our investments, which can result in material changes to our interest rate risk in the portfolio. The analysis does not consider the potential effects of sustained or prolonged interest rate fluctuations, as it reflects estimated conditions only at a specific point in time.

Credit Risk

We are exposed to credit risk in our commercial real estate loans with respect to a borrower’s ability to make required debt service payments to us and repay the unpaid principal balance in accordance with the terms of the applicable loan agreement. We manage this risk by conducting a credit analysis prior to making an investment and by actively monitoring our portfolio and the underlying credit quality, including subordination and diversification, of our commercial real estate loans. In addition, we re-evaluate the credit risk inherent in our commercial real estate loans on a regular basis under fundamental considerations such as gross domestic product, unemployment, interest rates, retail sales, store closing/openings, corporate earnings, housing inventory, affordability and regional home price trends.

While our investment objectives include avoiding excess sponsor/borrower concentration, we expect to experience some level of sponsor/borrower concentration prior to the time that we have raised substantial offering proceeds and acquired a broad portfolio of Credit Assets. As of March 31, 2026, we have invested in 81 commercial real estate loans with a fair value of $5.2 billion.

Where applicable, we seek to avoid large single tenant exposure and we generally undertake a credit evaluation of major tenants prior to making a loan. This analysis includes extensive due diligence of a potential tenant’s creditworthiness and business, as well as an assessment of the strategic importance of the property to the tenant’s core business operations.

We are exposed to credit risk in the real estate-related debt investments that we make with respect to a borrower’s ability to make required interest and principal payments on scheduled due dates. We manage this risk by conducting a credit analysis prior to making an investment and by actively monitoring our portfolio and its underlying credit quality. In addition, we re-evaluate the credit risk inherent in our investments on a regular basis pursuant to fundamental considerations such as GDP, unemployment, interest rates, retail sales, store closings/openings and corporate earnings. Where applicable, we also review key property and loan-level metrics including, but not limited to, payment status, debt-service coverage ratios, debt yields, current loan-to-value ratios, occupancy rates, and tenant rent rolls along with property sponsorship. These characteristics assist in determining the likelihood and severity of underlying loan losses as well as prepayment and extension expectations. We then perform structural analysis to project investment cash flows and assess subordination levels relative to underlying collateral performance expectations. This analysis allows us to quantify our opinions of credit quality and fundamental value, which are key drivers of portfolio management decisions.

We may be exposed to counterparty credit risk under the terms of a derivative contract. If the fair value of a derivative contract is positive, the counterparty will owe us, which creates credit risk for us. If the fair value of a derivative contract is negative, we will owe the counterparty and, therefore, do not have credit risk. We seek to minimize counterparty credit risk, including the risk associated with the future creditworthiness of our foreign currency hedge counterparties, by entering into transactions with high-quality counterparties. When determining the fair value of our currency forward contracts, including currency forward contracts, we consider the effect of nonperformance risk as a part of the valuation process and include a credit risk adjustment where appropriate. As of March 31, 2026, we held derivative instruments with a fair value asset balance of $3.1 million and a liability balance of $0.8 million.

In addition to the credit risks outlined above, we own retained interests in certain rated notes and the subordinated tranches of a consolidated CLO. Such interests have been eliminated in consolidation. Holding retained interests in our CLO exposes us to potential losses and earnings volatility due to credit deterioration in the underlying loan portfolio.

Market Risk

Market Value Risk

We may also be exposed to market risk with respect to the fair value of our commercial real estate loans, debt securities and borrowings due to changes in market conditions, including spreads, benchmark interest rates, property cash flows, and commercial property values that serve as collateral. We seek to manage our exposure to market risk by originating or acquiring commercial real estate loans secured by different property types located in diverse, but liquid markets with stable credit ratings. The fair value of our commercial real estate loans, debt securities and borrowings may fluctuate, therefore the amount we will realize upon any repayment, sale, or an alternative liquidation event is unknown.

The non-CLO investment portfolio value sensitivity analysis table presented below shows the estimated impact of a change in market benchmark spreads, up and down 50 basis points and 100 basis points, on the fair value of our benchmark spread-sensitive investments and borrowings as of March 31, 2026, assuming a static portfolio and constant financing. When evaluating the impact of changes in benchmark spreads, prepayment assumptions and principal reinvestment rates are adjusted based on our Adviser’s expectations. The analysis presented utilized assumptions, models and estimates of our Adviser based on our Adviser’s judgment and experience. Actual results could differ significantly from those estimated in the benchmark spread sensitivity table.


$ in thousands	At March 31, 2026
Change in Benchmark Spreads	Projected Increase (Decrease) in Net Portfolio Value		Percentage Change in Projected Net Portfolio Value
+1.00%	$	(16,884)	(0.79)	%
+0.50%	$	(7,899)	(0.37)	%
-0.50%	$	1,677	0.08	%
-1.00%	$	3,343	0.16	%

Certain assumptions have been made in calculating the market value risk sensitivities and, as such, there can be no assurance that assumed events will occur or that other events will not occur that would affect the outcomes. Furthermore, while the analysis reflects the estimated impact of benchmark spread increases and decreases on a static portfolio, we actively manage the size and composition of our investments, which can result in material changes to our benchmark spread risk portfolio.

Commercial real estate loans and loan participations that are collateral assets within the consolidated CLO are measured using the fair value of the more observable CLO notes as an indicator of the fair value of the CLO assets as a whole; therefore, fair values of CLO assets and liabilities will move in an offsetting direction. The difference between the consolidated CLO’s assets and the third-party liabilities is equivalent to the Company’s retained interest, which is eliminated in consolidation. The net changes in valuation of the CLO’s loan assets and third party notes impact the Company’s results of operations in an amount equivalent to its eliminated retained interests. The sensitivity analysis excludes retained interests in commercial real estate CLOs due to the absence of a reliable market benchmark and the structural variability of these positions, which limits the comparability and relevance of modeled outcomes.

Real Estate Risk

Commercial property values are subject to volatility and may be adversely affected by a number of factors, including: national, regional and local economic conditions; local real estate conditions; changes or continued weakness in specific industry segments; construction quality, age and design; demographic factors; and retroactive changes to building or similar codes and/or tax and legal considerations. Changes in commercial property values are difficult to predict with accuracy. We model a range of valuation scenarios and the resulting impacts to our business.

Currency Risk

Our commercial real estate loan investments and secured financing facility borrowings that are denominated in a foreign currency are subject to risks related to fluctuations in foreign currency exchange rates. We mitigate this risk by entering into a series of foreign currency forward contracts to fix the U.S. dollar amount of foreign currency denominated cash flows (primarily interest income and principal payments) we expect to receive from our foreign currency investments.

Although we expect to substantially reduce our exposure to changes in portfolio value related to changes in foreign currency exchange rates, there can be no assurance that our hedges will eliminate all of our currency risk. For example, if actual repayments of our foreign currency-denominated loans occur sooner or later than expected, the hedge instruments are unlikely to fully protect us from changes in the valuation of such foreign currency. Additionally, we may be required under certain circumstances to collateralize our currency hedges for the benefit of a hedge counterparty, which could adversely affect our liquidity.

Despite being economic hedges, we have elected not to treat our foreign currency forwards as hedges for accounting purposes and, therefore, the changes in the value of such instruments, including actual and accrued payments, are included in our net income.

The following table represents our assets and liabilities that are denominated in a foreign currency (amounts in thousands):


	March 31, 2026
	Euro		GBP
Foreign currency assets	€	239,598	£	409,276
Foreign currency liabilities	(191,404)		(320,401)
Foreign currency contracts - notional, net	(49,802)		(90,588)
Net exposure to exchange rate fluctuations	€	(1,608)	£	(1,713)
Net exposure to exchange rate fluctuations in USD(1)	$	(1,850)	$	(2,264)

(1) Represents the U.S. dollar equivalent based on the Euro closing rate of 1.15044 and GBP closing rate of 1.32168 as of March 31, 2026.

For further information regarding our foreign currency forward contracts, see Note 7 — “Derivatives and Hedging Activities” of our condensed consolidated financial statements in Part I. Item 1 of this Report.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

An evaluation of the effectiveness of the design and operation of our “disclosure controls and procedures” (as defined in Rule 13a-15(e) and 15(d)-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), as of the end of the period covered by this Quarterly Report was made under the supervision and with the participation of our management, including our Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”). Based upon this evaluation, our CEO and CFO have concluded that as of the end of the period covered by this Quarterly Report our disclosure controls and procedures (a) are effective to reasonably ensure that information required to be disclosed by us in reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified by SEC rules and forms and (b) include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in reports filed or submitted under the Exchange Act is accumulated and communicated to our management, including our CEO and CFO, as appropriate to allow timely decisions regarding required disclosure.

There are inherent limitations to the effectiveness of any system of disclosure controls and procedures, including the possibility of human error and the circumvention or overriding of the controls and procedures. Accordingly, even effective disclosure controls and procedures can only provide reasonable assurance of achieving their control objectives.

Changes in Internal Controls over Financial Reporting

There have been no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) that occurred during the quarter ended March 31, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

From time to time, we may be involved in various claims and legal actions arising in the ordinary course of business. As of March 31, 2026, we were not involved in any material legal proceedings.

ITEM 1A. RISK FACTORS

There were no material changes during the period covered by this Quarterly Report to the risk factors previously disclosed in Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025.

ITEM 2. USE OF PROCEEDS AND ISSUER PURCHASES OF EQUITY SECURITIES

Issuer Purchases of Equity Securities

Share Repurchase Plan

We have adopted a share repurchase plan, whereby on a monthly basis, stockholders may request that we repurchase all or any portion of their shares of any class, subject to the terms and conditions of the share repurchase plan. We may choose to repurchase all, some or none of the shares that have been requested to be repurchased in any month, in our discretion. In addition, our ability to fulfill repurchase requests is subject to a number of limitations. As a result, share repurchases may not be available each month. To the extent we choose to repurchase shares in any particular month, we will only repurchase shares as of the opening of the last calendar day of that quarter (each such date, a “Repurchase Date”). Repurchases will be made at the transaction price in effect on the applicable Repurchase Date, except that shares that have not been outstanding for at least one year will be repurchased at 95% of the transaction price (the “Early Repurchase Deduction”), as further described below.

While stockholders may request on a monthly basis that we repurchase all or any portion of their shares pursuant to our share repurchase plan, we are not obligated to repurchase any shares and may choose to repurchase only some, or even none, of the shares that have been requested to be repurchased in any particular month in the discretion of our board of trustees.

The total amount of shares that we will repurchase is limited, in any calendar month, to no more than 2% of our aggregate NAV (measured using the aggregate NAV as of the end of the immediately preceding month) and, in any calendar quarter, to no more than 5% of our aggregate NAV (measured using the average aggregate NAV as of the end of the immediately preceding three months).

If the transaction price for the applicable month is not made available by the tenth business day prior to the last business day of the month (or is changed after such date), then no repurchase requests will be accepted for such month and stockholders who wish to have their shares repurchased the following month must resubmit their repurchase requests.

In the event that any stockholder fails to maintain the minimum balance of $500 of shares of our common stock, we may seek to repurchase all of the shares held by that stockholder at the transaction price in effect on the date we determine that the stockholder has failed to meet the minimum balance, less any Early Repurchase Deduction.

Shares issued to the Adviser as payment of the management fee and performance fees are not subject to these repurchase limitations.

Early Repurchase Deduction

There is no minimum holding period for shares of our common stock and stockholders can request that we repurchase their shares at any time. However, subject to limited exceptions, shares that have not been outstanding for at least one year will be repurchased at 95% of the transaction price. This Early Repurchase Deduction will also generally apply to minimum account repurchases. The Early Repurchase Deduction will not apply to shares acquired through our distribution reinvestment plan.

The Early Repurchase Deduction will inure indirectly to the benefit of our remaining stockholders and is intended to offset the trading costs, market impact and other costs associated with short-term trading in our common stock. We may, from time to time, waive the Early Repurchase Deduction in the following circumstances (subject to certain conditions described below):

•repurchases resulting from death, qualifying disability or divorce; or

•in the event that a stockholder’s shares are repurchased because the stockholder has failed to maintain the $500 minimum account balance.

As set forth above, we may waive the Early Repurchase Deduction in respect of repurchase of shares resulting from the death, qualifying disability (as such term is defined in Section 72(m)(7) of the Code) or divorce of a stockholder who is a natural person, including shares held by such stockholder through a trust or an individual retirement account or other retirement or profit-sharing plan, after (1) in the case of death, receiving written notice from the estate of the stockholder, the recipient of the shares through bequest or inheritance, or, in the case of a trust, the trustee of such trust, who shall have the sole ability to request repurchase on behalf of the trust, (2) in the case of qualified disability, receiving written notice from such stockholder, provided that the condition causing the qualifying disability was not pre-existing on the date that the stockholder became a stockholder or (3) in the case of divorce, receiving written notice from the stockholder of the divorce and the stockholder’s instructions to effect a transfer of the shares (through the repurchase of the shares by us and the subsequent purchase by the stockholder) to a different account held by the stockholder (including trust or an individual retirement account or other retirement or profit-sharing plan). We must receive the written repurchase request within 12 months after the death of the stockholder, the initial determination of the stockholder’s disability or divorce in order for the requesting party to rely on any of the special treatment described above that may be afforded in the event of the death, disability or divorce of a stockholder. In the case of death, such a written request must be accompanied by a certified copy of the official death certificate of the stockholder. If spouses are joint registered holders of shares, the request to have the shares repurchased may be made if either of the registered holders dies or acquires a qualified disability. If the stockholder is not a natural person, such as certain trusts or a partnership, corporation or other similar entity, the right to waiver of the Early Repurchase Deduction upon death, disability or divorce does not apply.

Our board of directors has designated the following persons as “Key Persons” under our share repurchase plan: Chase Bolding, Scott Dennis, Greg Kraus, Courtney Popelka, Charlie Rose, and Teresa Zien, and any individual that replaces such persons. Our share repurchase plan provides that, upon a Key Person Triggering Event, then the Early Repurchase Deduction will be waived with respect to shares that have been purchased in the 12 months preceding the expiration of five business days after the public disclosure of the occurrence of such Key Person Triggering Event until the completion of six full calendar months from the time the Key Person Triggering Event is publicly disclosed. The waiver of the Early Repurchase Deduction set forth in this paragraph will not apply to shares acquired through our distribution reinvestment plan.

During the three months ended March 31, 2026, we repurchased shares of our common stock in the following amounts:


Month of:	Total Number of Shares Repurchased	Average Price Paid per Share(1)		Total Number of Shares Repurchased as Part of Publicly Announced Plans or Programs(2)	Maximum Number of Shares Pending Repurchase Pursuant to Publicly Announced Plans or Programs (3)
January 2026	142,956	$	25.02	142,956	—
February 2026(4)	490,540	$	25.15	380,055	—
March 2026	251,147	$	24.86	251,147	—
	884,643	$	25.05	774,158	—

(1)Shares repurchased within one year of the date of issuance generally will be repurchased at 95% of the current transaction price, subject to certain limited exceptions.

(2)Number of shares repurchased as part of publicly announced plans or programs include share repurchases, if any, under our share repurchase plan.

(3)All repurchase requests under our share repurchase plan were satisfied.

(4)The Total Number of Shares Repurchased and Average Price Paid per Share includes 110,485 shares of our redeemable common stock held by the Adviser repurchased outside of the share repurchase plan, with an average price paid per share of $25.78, related to shares that were previously issued to the Adviser as payment for management fees and performance fees.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

Revolving Credit Facility

On May 7, 2026, the Operating Partnership, as borrower, the Company, Invesco Commercial Real Estate Finance Trust Investments GP, LLC, and the Adviser, entered into a revolving credit agreement with NatWest Markets PLC ("NatWest"), as administrative agent and lender (the "Credit Agreement").

The Credit Agreement provides for revolving loans in two tranches, one supported by uncalled capital commitments (“Tranche A”) and one supported by investment distributions (“Tranche B”). Aggregate commitment as of the closing date are $100 million and are fully allocated to Tranche B. The total commitment may be increased to an amount not exceeding $330 million. The Operating Partnership’s obligations under the Credit Agreement are secured by the uncalled capital commitments of any institutional investors and pledges of capital contribution and investment distribution accounts.

Tranche A matures on January 23, 2028 or, if sooner, 45 days prior to the last date on which the Company can issue capital calls to the investors to repay obligations under the Credit Agreement. Tranche B matures on May 5, 2028.

The Company will pay (1) an unused commitment fee of 0.25% of the Tranche A facility limit, (2) an unused commitment fee of 1.00% of the Tranche B facility limit, (3) an annualized interest rate on any drawn amounts equal to, for SOFR-based loans, one-month Term SOFR plus 1.90% for Tranche A loans and a margin ranging from 2.75% to 3.25% for Tranche B loans dependent on the chosen advance rate for Tranche B and (4) an arranger fee equal to 0.25% of the Tranche A facility limit and 0.50% of the Tranche B facility limit. The Credit Agreement provides for the payment of a fee to NatWest in the event the Company refinances the Tranche B commitment under the Credit Agreement, under specified circumstances.

The Credit Agreement contains various restrictions and covenants applicable to the Company and the other credit parties. Among other requirements, the Company may not exceed certain debt limitations and must satisfy certain net worth tests and other financial covenants.

The Credit Agreement also contains customary events of default. If an event of default under the Credit Agreement occurs and is continuing, then NatWest may declare any outstanding obligations under the Credit Agreement to be immediately due and payable. In addition, if the Company or the Adviser becomes the subject of voluntary or involuntary proceedings under any bankruptcy, insolvency or similar law, then any outstanding obligations under the Credit Agreement will automatically become immediately due and payable.

Termination of Revolving Credit Facility

On May 6, 2026, we satisfied all outstanding obligations under and terminated the credit agreement, dated December 11, 2023, by and among INCREF Borrower, LLC, the Company, the Adviser and Goldman Sachs Bank USA, in accordance with our termination rights thereunder.

Redeemable Common Stock - Related Party

Rule 10b5-1 Trading Plans

During the fiscal quarter ended March 31, 2026, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” as each term is defined in Item 408 of Regulation S-K.

ITEM 6. EXHIBITS


Exhibit No.						Description

3.1						Articles of Amendment and Restatement of the Company, incorporated by reference to Exhibit 3.1 to the Company’s Registration Statement on Form 10, filed with the SEC on June 29, 2023.

3.2						Articles of Amendment of the Company, incorporated by reference to Exhibit 3.2 to the Company’s Registration Statement on Form 10/A, filed with the SEC on August 25, 2023.

3.3						Articles of Amendment of the Company, incorporated by reference to Exhibit 3.1 of our Current Report on Form 8-K, filed with the SEC on August 21, 2024.
3.4						Certificate of Correction to the Articles of Amendment and Restatement of the Company, incorporated by reference to Exhibit 3.4 of our Quarterly Report on Form 10-Q, filed with the SEC on November 13, 2024.

3.5						Articles Supplementary Classifying and Designating a Class of Common Stock as Class S-1 Common Stock and Fixing Distribution and Other Preferences and Rights of Such Class, incorporated by reference to Exhibit 3.4 to the Company’s Registration Statement on Form 10/A, filed with the SEC on August 25, 2023.

3.6						Articles Supplementary filed with the State Department of Assessments and Taxation of Maryland effective on October 16, 2023, incorporated by reference to Exhibit 3.1 of our Current Report on Form 8-K, filed with the SEC on October 19, 2023.

3.7						Articles Supplementary Classifying and Designating a Class of Common Stock as Class F Common Stock and Fixing Distribution and Other Preferences and Rights of Such Class, incorporated by reference to Exhibit 3.1 of our Current Report on Form 8-K, filed with the SEC on December 11, 2023.

3.8						Articles Supplementary Classifying and Designating a Class of Common Stock as Class D-1 Common Stock and Fixing Distribution and Other Preferences and Rights of Such Class, incorporated by reference to Exhibit 3.2 of our Current Report on Form 8-K, filed with the SEC on August 21, 2024.

3.9						Articles Supplementary Classifying and Designating a Class of Preferred Stock as 12.5% Series A Cumulative Redeemable Preferred Stock and Fixing Distribution and Other Preferences and Rights of Such Class, incorporated by reference to Exhibit 3.2 to the Company’s Registration Statement on Form 10, filed with the SEC on June 29, 2023.

3.10						Articles Supplementary Classifying and Designating a Class of Preferred Stock as 12.5% Series A Cumulative Redeemable Preferred Stock and Fixing Distribution and Other Preferences and Rights of Such Class, incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed with the SEC on October 19, 2023.

3.11						Bylaws of the Company, incorporated by reference to Exhibit 3.3 to the Company’s Registration Statement on Form 10, filed with the SEC on June 29, 2023.

4.1						Second Amended and Restated Distribution Reinvestment Plan adopted by the Company, effective as of August 20, 2024, incorporated by reference to Exhibit 4.1 of our Current Report on Form 8-K, filed with the SEC on August 21, 2024.

10.1						Amendment No. 1 to Subscription Agreement, dated as of January 21, 2026, by and between Texas Municipal Retirement System and the Company. incorporated by reference to Exhibit 10-8 to the Company’s Annual Report on Form 10-K, filed with the SEC on March 26, 2026.

31.1*						Certification of Chief Executive Officer, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

31.2*						Certification of Chief Financial Officer, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1**						Certification of Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.2**						Certification of Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101						The following financial information from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, formatted in iXBRL (inline eXtensible Business Reporting Language): (i) Condensed Consolidated Balance Sheets; (ii) Condensed Consolidated Statements of Comprehensive Income; (iii) Condensed Consolidated Statements of Changes in Equity and Redeemable Equity Instruments; and (iv) Condensed Consolidated Statements of Cash Flows

104						Cover Page Interactive Data File (embedded within the Inline XBRL document)
* Filed herewith ** Furnished herewith

The agreements and other documents filed as exhibits to this Quarterly Report are not intended to provide factual information or other disclosure other than with respect to the terms of the agreements or other documents themselves, and you should not rely on them for that purpose. In particular, any representations and warranties made by us in these agreements or other documents were made solely within the specific context of the relevant agreement or document and may not describe the actual state of affairs as of the date they were made or at any other time.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.


	INVESCO COMMERCIAL REAL ESTATE FINANCE TRUST, INC.
May 11, 2026	By:	/s/ Charlie Rose
		Charlie Rose
		Chief Executive Officer and President
		(Principal Executive Officer)

May 11, 2026	By:	/s/ Courtney Popelka
		Courtney Popelka
		Chief Financial Officer and Treasurer
		(Principal Financial Officer)

EX-31.1 2 incref033126-exx311ceo.htm EX-31.1 Document

Exhibit 31.1

CERTIFICATION

PURSUANT TO 17 CFR 240.13a-14

PROMULGATED UNDER

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Charlie Rose, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of Invesco Commercial Real Estate Finance Trust, Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


Date: May 11, 2026
						/s/ Charlie Rose
						Charlie Rose
						Chief Executive Officer and President
						(Principal Executive Officer)

EX-31.2 3 incref033126-exx312cfo.htm EX-31.2 Document

Exhibit 31.2

CERTIFICATION

PURSUANT TO 17 CFR 240.13a-14

PROMULGATED UNDER

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Courtney Popelka, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of Invesco Commercial Real Estate Finance Trust, Inc.;

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


Date: May 11, 2026
						/s/ Courtney Popelka
						Courtney Popelka
						Chief Financial Officer and Treasurer
						(Principal Financial Officer)

EX-32.1 4 incref033126-exx321ceo.htm EX-32.1 Document

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Invesco Commercial Real Estate Finance Trust, Inc. (the “Company”) on Form 10-Q for the period ended March 31, 2026, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Charlie Rose, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.


/s/ Charlie Rose
Charlie Rose
Chief Executive Officer and President
(Principal Executive Officer)
May 11, 2026

This certification accompanies each Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

A signed original of this written statement required by Section 906 has been provided by the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2 5 incref033126-exx322cfo.htm EX-32.2 Document

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Invesco Commercial Real Estate Finance Trust, Inc. (the “Company”) on Form 10-Q for the period ended March 31, 2026, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Courtney Popelka, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.


/s/ Courtney Popelka
Courtney Popelka
Chief Financial Officer and Treasurer
(Principal Financial Officer)
May 11, 2026

EX-101.SCH 6 incref-20260331.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 0000001 - Document - Cover link:presentationLink link:calculationLink link:definitionLink 9952151 - Statement - Condensed Consolidated Balance Sheets (Unaudited) link:presentationLink link:calculationLink link:definitionLink 9952152 - Statement - Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 9952153 - Statement - Condensed Consolidated Statements of Comprehensive Income (Unaudited) link:presentationLink link:calculationLink link:definitionLink 9952154 - Statement - Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 9952155 - Statement - Condensed Consolidated Statements of Changes in Equity and Redeemable Common Stock (Unaudited) link:presentationLink link:calculationLink link:definitionLink 9952156 - Statement - Condensed Consolidated Statement of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 9952157 - Disclosure - Organization and Business Purpose link:presentationLink link:calculationLink link:definitionLink 9952158 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 9952159 - Disclosure - Commercial Real Estate Loan Investments link:presentationLink link:calculationLink link:definitionLink 9952160 - Disclosure - Real Estate-Related Securities link:presentationLink link:calculationLink link:definitionLink 9952161 - Disclosure - Borrowings link:presentationLink link:calculationLink link:definitionLink 9952162 - Disclosure - Collateralized Loan Obligations link:presentationLink link:calculationLink link:definitionLink 9952163 - Disclosure - Derivatives and Hedging Activities link:presentationLink link:calculationLink link:definitionLink 9952164 - Disclosure - Fair Value of Financial Instruments link:presentationLink link:calculationLink link:definitionLink 9952165 - Disclosure - Accounts Payable, Accrued Expenses and Other Liabilities link:presentationLink link:calculationLink link:definitionLink 9952166 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 9952167 - Disclosure - Redeemable Common Stock - Related Party link:presentationLink link:calculationLink link:definitionLink 9952168 - Disclosure - Equity link:presentationLink link:calculationLink link:definitionLink 9952169 - Disclosure - Earnings per Common Share link:presentationLink link:calculationLink link:definitionLink 9952170 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 9952171 - Disclosure - Segment Reporting link:presentationLink link:calculationLink link:definitionLink 9952172 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 9955511 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 9955512 - Disclosure - Commercial Real Estate Loan Investments (Tables) link:presentationLink link:calculationLink link:definitionLink 9955513 - Disclosure - Real Estate-Related Securities (Tables) link:presentationLink link:calculationLink link:definitionLink 9955514 - Disclosure - Borrowings (Tables) link:presentationLink link:calculationLink link:definitionLink 9955515 - Disclosure - Collateralized Loan Obligations (Tables) link:presentationLink link:calculationLink link:definitionLink 9955516 - Disclosure - Derivatives and Hedging Activities (Tables) link:presentationLink link:calculationLink link:definitionLink 9955517 - Disclosure - Fair Value of Financial Instruments (Tables) link:presentationLink link:calculationLink link:definitionLink 9955518 - Disclosure - Accounts Payable, Accrued Expenses and Other Liabilities (Tables) link:presentationLink link:calculationLink link:definitionLink 9955519 - Disclosure - Related Party Transactions (Tables) link:presentationLink link:calculationLink link:definitionLink 9955520 - Disclosure - Redeemable Common Stock - Related Party (Tables) link:presentationLink link:calculationLink link:definitionLink 9955521 - Disclosure - Equity (Tables) link:presentationLink link:calculationLink link:definitionLink 9955522 - Disclosure - Earnings per Common Share (Tables) link:presentationLink link:calculationLink link:definitionLink 9955523 - Disclosure - Subsequent Events (Tables) link:presentationLink link:calculationLink link:definitionLink 9955524 - Disclosure - Organization and Business Purpose (Details) link:presentationLink link:calculationLink link:definitionLink 9955525 - Disclosure - Summary of Significant Accounting Policies (Details) link:presentationLink link:calculationLink link:definitionLink 9955526 - Disclosure - Commercial Real Estate Loan Investments - Schedule of Investments in Commercial Real Estate Loans (Details) link:presentationLink link:calculationLink link:definitionLink 9955527 - Disclosure - Commercial Real Estate Loan Investments - Schedule of Property Type And Geographic Distribution (Details) link:presentationLink link:calculationLink link:definitionLink 9955528 - Disclosure - Commercial Real Estate Loan Investments - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955529 - Disclosure - Real Estate-Related Securities - Schedule Of Real Estate-Related Securities (Details) link:presentationLink link:calculationLink link:definitionLink 9955530 - Disclosure - Real Estate-Related Securities - Schedule Of Gain (Loss) On Real Estate-Related Securities (Details) link:presentationLink link:calculationLink link:definitionLink 9955531 - Disclosure - Borrowings - Schedule of Repurchase Agreement and Revolving Line of Credit Borrowings (Details) link:presentationLink link:calculationLink link:definitionLink 9955532 - Disclosure - Borrowings - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955533 - Disclosure - Borrowings - Schedule of Net Exposure With Counterparties Where Amount At Risk Exceeded 10.0% of Stockholders’ Equity (Details) link:presentationLink link:calculationLink link:definitionLink 9955534 - Disclosure - Borrowings - Schedule of Maturities of Outstanding Borrowings (Details) link:presentationLink link:calculationLink link:definitionLink 9955535 - Disclosure - Collateralized Loan Obligations - Schedule of Collateralized Loan Obligations (Details) link:presentationLink link:calculationLink link:definitionLink 9955536 - Disclosure - Collateralized Loan Obligations - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955537 - Disclosure - Collateralized Loan Obligations - Schedule of Consolidated VIE (Details) link:presentationLink link:calculationLink link:definitionLink 9955538 - Disclosure - Derivatives and Hedging Activities - Schedule of Unrealized Foreign Exchange Impact Recognized In Condensed Consolidated Statements Of Comprehensive Income (Details) link:presentationLink link:calculationLink link:definitionLink 9955539 - Disclosure - Derivatives and Hedging Activities - Schedule of Changes in the Notional Amount of our Currency Forward Contracts (Details) link:presentationLink link:calculationLink link:definitionLink 9955540 - Disclosure - Derivatives and Hedging Activities - Schedule of Fair Value of our Currency Forward Contracts (Details) link:presentationLink link:calculationLink link:definitionLink 9955541 - Disclosure - Derivatives and Hedging Activities - Schedule of Effect of Currency Forward Contracts Reported in Gain (Loss) on Derivative Instruments (Details) link:presentationLink link:calculationLink link:definitionLink 9955542 - Disclosure - Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured At Fair Value On A Recurring Basis (Details) link:presentationLink link:calculationLink link:definitionLink 9955543 - Disclosure - Fair Value of Financial Instruments - Schedule of Reconciliation (Details) link:presentationLink link:calculationLink link:definitionLink 9955544 - Disclosure - Fair Value of Financial Instruments - Schedule of Significant Unobservable Inputs (Details) link:presentationLink link:calculationLink link:definitionLink 9955545 - Disclosure - Accounts Payable, Accrued Expenses and Other Liabilities (Details) link:presentationLink link:calculationLink link:definitionLink 9955546 - Disclosure - Related Party Transactions - Schedule of Components of Due to Affiliates (Details) link:presentationLink link:calculationLink link:definitionLink 9955547 - Disclosure - Related Party Transactions - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955548 - Disclosure - Related Party Transactions - Schedule of Stockholder Servicing Fees (Details) link:presentationLink link:calculationLink link:definitionLink 9955549 - Disclosure - Related Party Transactions - Schedule of Upfront Selling Commissions and Stockholder Servicing Fee (Details) link:presentationLink link:calculationLink link:definitionLink 9955550 - Disclosure - Related Party Transactions - Schedule of Shares Purchased By Affiliates (Details) link:presentationLink link:calculationLink link:definitionLink 9955551 - Disclosure - Redeemable Common Stock - Related Party - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955552 - Disclosure - Redeemable Common Stock - Related Party - Schedule of Changes In Redeemable Common Stock (Details) link:presentationLink link:calculationLink link:definitionLink 9955553 - Disclosure - Redeemable Common Stock - Related Party - Schedule of Changes In Outstanding Shares Of Redeemable Common Stock (Details) link:presentationLink link:calculationLink link:definitionLink 9955554 - Disclosure - Equity - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955555 - Disclosure - Equity - Schedule of Changes in Shares of Common Stock (Details) link:presentationLink link:calculationLink link:definitionLink 9955556 - Disclosure - Equity - Schedule of Distributions Declared Per Share (Details) link:presentationLink link:calculationLink link:definitionLink 9955557 - Disclosure - Earnings per Common Share (Details) link:presentationLink link:calculationLink link:definitionLink 9955558 - Disclosure - Commitments and Contingencies (Details) link:presentationLink link:calculationLink link:definitionLink 9955559 - Disclosure - Segment Reporting (Details) link:presentationLink link:calculationLink link:definitionLink 9955560 - Disclosure - Subsequent Events - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955561 - Disclosure - Subsequent Events - Schedule of Issuances (Details) link:presentationLink link:calculationLink link:definitionLink 9955562 - Disclosure - Subsequent Events - Schedule of Redemptions (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 incref-20260331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 8 incref-20260331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 9 incref-20260331_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Funded Tranche, Subscription Agreements Credit Facility Subscription Agreements Credit Facility, Funded Tranche [Member] Subscription Agreements Credit Facility, Funded Tranche Summary of Significant Accounting Policies Significant Accounting Policies [Text Block] Statistical Measurement [Domain] Statistical Measurement [Domain] Schedule of Notional Amounts of Outstanding Derivative Positions Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] Award Timing Predetermined Award Timing Predetermined [Flag] Related Party Transaction [Axis] Related Party Transaction [Axis] Real Estate [Domain] Real Estate [Domain] Common stock distribution reinvestment Common Stock Distribution Reinvestment Common Stock Distribution Reinvestment Asset Class [Axis] Asset Class [Axis] Entity File Number Entity File Number Additional Paid-in Capital Additional Paid-in Capital [Member] Invesco Advisers, Inc. Invesco Advisers, Inc. [Member] Invesco Advisers, Inc. Valuation Approach and Technique [Domain] Valuation Approach and Technique [Domain] Accordion feature, increase limit Line of Credit Facility, Accordion Feature, Increase Limit Line of credit facility, accordion feature, increase limit, subject to certain conditions by obtaining additional commitments from existing and/or new lenders. Share repurchase plan participation, NAV threshold Stock Repurchase Program, Participation, Net Asset Value, Threshold Stock Repurchase Program, Participation, Net Asset Value, Threshold Tabular List, Table Tabular List [Table Text Block] Property Type Concentration Risk Property Type Concentration Risk [Member] Property Type Concentration Risk Barclays Barclays [Member] Barclays Schedule of Dividends Declared Dividends Declared [Table Text Block] Schedule of Components of Due to Affiliates Schedule of Related Party Transactions [Table Text Block] Adviser Adviser [Member] Adviser Pledged Status [Axis] Pledged Status [Axis] Management fees Management Fees [Member] Management Fees Trading Arrangements, by Individual Trading Arrangements, by Individual [Table] Basic (in dollars per share) Earnings Per Share, Basic Adjustment to Compensation: Adjustment to Compensation [Axis] Net Counterparty Exposure Repurchase Agreement Counterparty, Amount at Risk Related Party Transactions Related Party Transactions Disclosure [Text Block] Named Executive Officers, Footnote Named Executive Officers, Footnote [Text Block] Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table] Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table] Facility, Amount Outstanding Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount Weighted Average Life (in years) Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements Schedule of Stock by Class [Table] Stock, Class of Stock [Table] Discount rate Measurement Input, Discount Rate [Member] Class I Redeemable Common Stock Class I Redeemable Common Stock [Member] Class I Redeemable Common Stock Unrealized gain (loss) on loans, net Unrealized (gain) loss Gain (Loss), Net Unrealized foreign exchange gain (loss) on loans Fair Value, Option, Changes in Fair Value, Gain (Loss) South US South Region [Member] Measurement Input Type [Domain] Measurement Input Type [Domain] Adjustment to Compensation, Amount Adjustment to Compensation Amount Affiliated Entity Affiliated Entity [Member] Concentration risk (in percent) Concentration Risk, Percentage Net unrealized gain (loss) Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) Increase in operating assets Increase (Decrease) in Other Operating Assets Consolidation Consolidation, Policy [Policy Text Block] Employee Stock Option Share-Based Payment Arrangement, Option [Member] Award Timing MNPI Disclosure Award Timing MNPI Disclosure [Text Block] Dealer Manager Dealer Manager [Member] Dealer Manager Variable Interest Entity, Primary Beneficiary Variable Interest Entity, Primary Beneficiary [Member] Net Interest Income Interest Income (Expense), Operating [Abstract] Common stock dividends Dividends, Common Stock, Cash Total stockholders’ equity Equity, Attributable to Parent Insider Trading Policies and Procedures [Line Items] Share-based compensation expense Share-Based Payment Arrangement, Expense Other liabilities Other Sundry Liabilities Common stock, authorized (in shares) Common Stock, Shares Authorized Hedging Designation [Domain] Hedging Designation [Domain] Issuance of common stock (in shares) Stock Issued During Period, Shares, New Issues Total liabilities, redeemable common stock and equity Liabilities and Equity Concentration Risk Benchmark [Axis] Concentration Risk Benchmark [Axis] Liabilities and Equity Liabilities and Equity [Abstract] Cover [Abstract] Maximum Maximum [Member] Net income (loss) attributable to non-controlling interest Net Income (Loss) Attributable to Noncontrolling Interest Accounting Policies [Abstract] Payment For Management Fees Payment For Management Fees [Member] Payment For Management Fees Term of related loan (in years) Fair Value, Option, Fair Value Carrying Amount, Liabilities, Term Fair Value, Option, Fair Value Carrying Amount, Liabilities, Term Restricted Stock Restricted Stock [Member] Concentration Risk Type [Domain] Concentration Risk Type [Domain] Repayment of secured financing facilities Repayments of Secured Debt Non-PEO NEO Average Total Compensation Amount Non-PEO NEO Average Total Compensation Amount Accrued performance fees Incentive Fee Payable Net unrealized (gain) loss Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss) Debt Instrument [Line Items] Debt Instrument [Line Items] East US East Region [Member] Cancellation of committed capital Committed Capital, Cancellation Committed Capital, Cancellation Adjustment to Non-PEO NEO Compensation Footnote Adjustment to Non-PEO NEO Compensation Footnote [Text Block] Pay vs Performance Disclosure [Line Items] Amount of shares to be held by related party Sale of Stock, Amount In Shares To Be Held By Related Party Sale of Stock, Amount In Shares To Be Held By Related Party Extension option term (in years) Long-Term Debt, Term, Extension Options, Term Long-Term Debt, Term, Extension Options, Term Forgone Recovery due to Disqualification of Tax Benefits, Amount Forgone Recovery due to Disqualification of Tax Benefits, Amount Liquidation preference (in dollars per share) Preferred Stock, Liquidation Preference Per Share Temporary Equity [Line Items] Temporary Equity [Line Items] Line of Credit Facility, Lender [Domain] Line of Credit Facility, Lender [Domain] LIABILITIES Liabilities: Liabilities [Abstract] Non-Rule 10b5-1 Arrangement Terminated Non-Rule 10b5-1 Arrangement Terminated [Flag] Unrealized gain (loss) on secured financing facilities, net Unrealized (gain) loss on secured financing facilities, net Unrealized foreign exchange gain (loss) on secured financing facilities Secured Financing Facilities, Gain (Loss) Secured Financing Facilities, Gain (Loss) Entity Shell Company Entity Shell Company Weighted Average Interest Rate (in percent) Period-end Weighted Average Yield (in percent) Fair Value, Option, Weighted Average Interest Rate Fair Value, Option, Weighted Average Interest Rate Redeemed during period (in shares) Stock Redeemed or Called During Period, Shares Schedule of Long-Term Debt Instruments [Table] Schedule of Long-Term Debt Instruments [Table] Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] Statement of Stockholders' Equity [Abstract] Variable Interest Entity [Table] Variable Interest Entity [Table] Statement of Cash Flows [Abstract] Company Selected Measure Amount Company Selected Measure Amount Net income (loss) attributable to non-controlling interest Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest Award Timing MNPI Considered Award Timing MNPI Considered [Flag] Line of Credit Facility [Table] Line of Credit Facility [Table] Interest expense Interest expense Interest Expense, Operating 2023 Equity Incentive Plan 2023 Equity Incentive Plan [Member] 2023 Equity Incentive Plan Measurement Input Type [Axis] Measurement Input Type [Axis] Name Measure Name Loan originations and fundings Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Issuances Secured Debt Secured Debt [Member] Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] Management fees Management Fee Expense Class of Stock [Line Items] Class of Stock [Line Items] Document Fiscal Period Focus Document Fiscal Period Focus Schedule of Investments in Commercial Real Estate Loans Fair Value Option, Disclosures [Table Text Block] Award Timing Method Award Timing Method [Text Block] Award Type Award Type [Axis] Instruments Other Than Collateralized Loan Obligations Instruments Other Than Collateralized Loan Obligations [Member] Instruments Other Than Collateralized Loan Obligations Amount Outstanding Outstanding Principal Total Long-Term Debt Total assets Assets Bank of Montreal Bank of Montreal [Member] Bank of Montreal Restricted Cash Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] Geographical [Domain] Geographical [Domain] Income Taxes Income Tax, Policy [Policy Text Block] Entity Address, City or Town Entity Address, City or Town Cash flows from operating activities: Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract] Commercial Real Estate Loan Investments Benchmark Commercial Real Estate Loan Investments Benchmark [Member] Commercial Real Estate Loan Investments Benchmark Concentration Risk Type [Axis] Concentration Risk Type [Axis] Non-PEO NEO Average Compensation Actually Paid Amount Non-PEO NEO Average Compensation Actually Paid Amount Compensation Actually Paid vs. Other Measure Compensation Actually Paid vs. Other Measure [Text Block] Additions Derivative, Notional Amount, Additions Derivative, Notional Amount, Additions Commercial real estate loan investments Commercial Real Estate Loan Investments [Member] Commercial Real Estate Loan Investments Variable Interest Entity [Line Items] Variable Interest Entity [Line Items] Entity Emerging Growth Company Entity Emerging Growth Company 2029 Long-Term Debt, Maturity, Year Three Principal payments from commercial real estate loans due from servicer Principal Payments On Commercial Real Estate Loans Due From Servicer Principal Payments On Commercial Real Estate Loans Due From Servicer Aggregate distribution declared per share (in dollars per share) Common Stock, Dividends, Per Share, Declared Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Repayment of revolving credit facility Repayments of Lines of Credit Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member] Unfunded Loan Commitment Unfunded Loan Commitment [Member] Level 2 Fair Value, Inputs, Level 2 [Member] Realized gain (loss) on derivative instruments, net Derivative, Gain (Loss) on Derivative, Net Insider Trading Policies and Procedures Not Adopted Insider Trading Policies and Procedures Not Adopted [Text Block] Total other income (expense), net Noninterest Income Related Party Related Party [Member] Beginning balance (in shares) Ending balance (in shares) Common Stock, Shares, Outstanding Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items] Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items] Asset Pledged as Collateral Asset Pledged as Collateral [Member] Plan Name [Axis] Plan Name [Axis] Document Information [Table] Document Information [Table] PEO PEO [Member] Proceeds from secured financing facilities Proceeds from Issuance of Secured Debt Proceeds from issuance of collateralized loan obligations Proceeds from Issuance of Collateralized Loan Obligations Proceeds from Issuance of Collateralized Loan Obligations Schedule of Common Stock Outstanding Schedule of Common Stock Outstanding Roll Forward [Table Text Block] Organizational costs Legal Fees Secured Lending Agreements Secured Lending Agreements, Repurchase Agreements [Member] Secured Lending Agreements, Repurchase Agreements (Gain) loss on foreign currency transactions Unrealized Gain (Loss), Foreign Currency Transaction, before Tax Principal Balance Outstanding Fair Value, Option, Contractual Principal Outstanding, Assets Fair Value, Option, Contractual Principal Outstanding, Assets United States UNITED STATES Change in operating assets and liabilities: Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital [Abstract] Performance fee, period to measure performance fee income Performance Fee, Performance Fee Income Threshold, Period Performance Fee, Performance Fee Income Threshold, Period Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year [Member] Derivative Instruments and Hedging Activities Disclosure [Abstract] Accounts payable and accrued expenses Accounts Payable and Accrued Liabilities Retained Earnings (Accumulated Deficit) Retained Earnings [Member] Members of our board of directors Board Of Directors Members [Member] Board Of Directors Members Pledged Status [Domain] Pledged Status [Domain] Entity Address, Postal Zip Code Entity Address, Postal Zip Code Restatement Determination Date Restatement Determination Date Cash, cash equivalents and restricted cash, beginning of period Cash, cash equivalents and restricted cash, end of period Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation Income Statement [Abstract] Tax expense Income Tax Expense (Benefit) Derivative assets, at fair value Derivative assets Derivative Asset Debt instrument, basis spread on variable rate Debt Instrument, Basis Spread on Variable Rate Sale of Stock [Domain] Sale of Stock [Domain] Other assets Other Assets Class D Redeemable Common Stock Class D Redeemable Common Stock [Member] Class D Redeemable Common Stock Beginning Balance Ending Balance Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value Proceeds from issuance of redeemable common stock Issuance of redeemable common stock Temporary Equity, Stock Issued During Period, Value, New Issues Collateral, Principal Balance Outstanding Transfers Accounted For As Secured Borrowings, Assets, Principal Amount Transfers Accounted For As Secured Borrowings, Assets, Principal Amount Unrealized Gain (Loss), Net Fair Value, Option, Changes in Fair Value, Unrealized Gain (Loss) Fair Value, Option, Changes in Fair Value, Unrealized Gain (Loss) Document Information [Line Items] Document Information [Line Items] Preferred stock, issued (in shares) Preferred Stock, Shares Issued Pension Adjustments Service Cost Pension Adjustments Service Cost [Member] Other income and (expense), net Noninterest Income, Other Repurchase of redeemable common stock (in shares) Repurchase of redeemable common stock Temporary Equity, Stock Repurchased During Period, Shares Temporary Equity, Stock Repurchased During Period, Shares Fair Value Hierarchy and NAV [Axis] Fair Value Hierarchy and NAV [Axis] Total Stockholders' Equity Parent [Member] Net income (loss) Net income (loss) Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Restatement does not require Recovery Restatement Does Not Require Recovery [Text Block] Total liabilities Liabilities, Fair Value Disclosure Earnings (loss) per share: Earnings (Loss) Per Share EPS [Abstract] Earnings (Loss) Per Share EPS Beginning balance Ending balance Derivative, Notional Amount Organization, Consolidation and Presentation of Financial Statements [Abstract] Compensation Actually Paid vs. Company Selected Measure Compensation Actually Paid vs. Company Selected Measure [Text Block] Student housing Student Housing [Member] Student Housing Proceeds from issuance of private placement Proceeds from Issuance of Private Placement EX-101.PRE 10 incref-20260331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 11 incref-20260331_g1.jpg begin 644 incref-20260331_g1.jpg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�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ͪ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end GRAPHIC 12 incref-20260331_g2.jpg begin 644 incref-20260331_g2.jpg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end XML 14 R1.htm IDEA: XBRL DOCUMENT v3.26.1

Cover - shares
3 Months Ended

Mar. 31, 2026

May 08, 2026

Document Information [Line Items]

Document Type 10-Q

Document Quarterly Report true

Document Period End Date Mar. 31, 2026

Document Transition Report false

Entity File Number 000-56564

Entity Registrant Name Invesco Commercial Real Estate Finance Trust, Inc.

Entity Incorporation, State or Country Code MD

Entity Tax Identification Number 92-1080856

Entity Address, Address Line One 2300 N Field Street

Entity Address, Address Line Two Suite 1200

Entity Address, City or Town Dallas

Entity Address, State or Province TX

Entity Address, Postal Zip Code 75201

City Area Code 972

Local Phone Number 715-7400

Entity Current Reporting Status Yes

Entity Interactive Data Current Yes

Entity Filer Category Non-accelerated Filer

Entity Small Business false

Entity Emerging Growth Company true

Entity Ex Transition Period true

Entity Shell Company false

Entity Central Index Key 0001976927

Current Fiscal Year End Date --12-31

Document Fiscal Year Focus 2026

Document Fiscal Period Focus Q1

Amendment Flag false

Class S Common Stock

Document Information [Line Items]

Entity Common Stock, Shares Outstanding 1,817,036

Class S-1 Common Stock

Document Information [Line Items]

Entity Common Stock, Shares Outstanding 24,390,051

Class D Common Stock

Document Information [Line Items]

Entity Common Stock, Shares Outstanding 1,510,712

Class D-1 Common Stock

Document Information [Line Items]

Entity Common Stock, Shares Outstanding 322,925

Class I Common Stock

Document Information [Line Items]

Entity Common Stock, Shares Outstanding 13,657,812

Class E Common Stock

Document Information [Line Items]

Entity Common Stock, Shares Outstanding 2,167,590

Class F Common Stock

Document Information [Line Items]

Entity Common Stock, Shares Outstanding 9,101,630

X

- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details

Name: dei_AmendmentFlag

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Area code of city
+ References
No definition available.
+ Details

Name: dei_CityAreaCode

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
End date of current fiscal year in the format --MM-DD.
+ References
No definition available.
+ Details

Name: dei_CurrentFiscalYearEndDate

Namespace Prefix: dei_

Data Type: xbrli:gMonthDayItemType

Balance Type: na

Period Type: duration

X

- Definition
Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalPeriodFocus

Namespace Prefix: dei_

Data Type: dei:fiscalPeriodItemType

Balance Type: na

Period Type: duration

X

- Definition
This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalYearFocus

Namespace Prefix: dei_

Data Type: xbrli:gYearItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: dei_DocumentInformationLineItems

Namespace Prefix: dei_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details

Name: dei_DocumentPeriodEndDate

Namespace Prefix: dei_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true only for a form used as an quarterly report.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form 10-Q
-Number 240
-Section 308
-Subsection a
+ Details

Name: dei_DocumentQuarterlyReport

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true only for a form used as a transition report.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Forms 10-K, 10-Q, 20-F
-Number 240
-Section 13
-Subsection a-1
+ Details

Name: dei_DocumentTransitionReport

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details

Name: dei_DocumentType

Namespace Prefix: dei_

Data Type: dei:submissionTypeItemType

Balance Type: na

Period Type: duration

X

- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details

Name: dei_EntityAddressAddressLine1

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details

Name: dei_EntityAddressAddressLine2

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Name of the City or Town
+ References
No definition available.
+ Details

Name: dei_EntityAddressCityOrTown

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details

Name: dei_EntityAddressPostalZipCode

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Name of the state or province.
+ References
No definition available.
+ Details

Name: dei_EntityAddressStateOrProvince

Namespace Prefix: dei_

Data Type: dei:stateOrProvinceItemType

Balance Type: na

Period Type: duration

X

- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityCentralIndexKey

Namespace Prefix: dei_

Data Type: dei:centralIndexKeyItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
No definition available.
+ Details

Name: dei_EntityCommonStockSharesOutstanding

Namespace Prefix: dei_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
No definition available.
+ Details

Name: dei_EntityCurrentReportingStatus

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityEmergingGrowthCompany

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 7A
-Section B
-Subsection 2
+ Details

Name: dei_EntityExTransitionPeriod

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details

Name: dei_EntityFileNumber

Namespace Prefix: dei_

Data Type: dei:fileNumberItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityFilerCategory

Namespace Prefix: dei_

Data Type: dei:filerCategoryItemType

Balance Type: na

Period Type: duration

X

- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details

Name: dei_EntityIncorporationStateCountryCode

Namespace Prefix: dei_

Data Type: dei:edgarStateCountryItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-T
-Number 232
-Section 405
+ Details

Name: dei_EntityInteractiveDataCurrent

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityRegistrantName

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityShellCompany

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicates that the company is a Smaller Reporting Company (SRC).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntitySmallBusiness

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityTaxIdentificationNumber

Namespace Prefix: dei_

Data Type: dei:employerIdItemType

Balance Type: na

Period Type: duration

X

- Definition
Local phone number for entity.
+ References
No definition available.
+ Details

Name: dei_LocalPhoneNumber

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassSMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassS1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassDMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassD1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassEMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassFMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 15 R2.htm IDEA: XBRL DOCUMENT v3.26.1

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

ASSETS

Cash and cash equivalents $ 19,405 $ 16,557

Restricted cash 34,334 29,058

Interest receivable 22,161 20,746

Derivative assets, at fair value 3,134 615

Total assets ^[1] 5,334,903 4,785,177

LIABILITIES

Secured lending agreements, at fair value 2,820,938 2,359,543

Term lending agreements, at fair value 223,397 223,033

Collateralized loan obligations, at fair value 1,004,858 1,005,157

Revolving credit facility, at fair value 16,000 55,000

Interest payable 13,282 12,795

Derivative liabilities, at fair value 838 1,992

Dividends and distributions payable (including $828 and $804 due to related party, respectively) 7,277 6,536

Accounts payable, accrued expenses and other liabilities 45,390 31,526

Due to affiliates 42,545 47,261

Total liabilities ^[1] 4,174,525 3,742,843

Commitments and contingencies (See Note 14) 0 0

Redeemable common stock - related party (see Note 11) 131,747 127,691

EQUITY

Additional paid-in capital 1,046,115 930,845

Accumulated other comprehensive income 23 94

Accumulated deficit (18,048) (16,676)

Total stockholders’ equity 1,028,518 914,643

Non-controlling interest 113 0

Total equity 1,028,631 914,643

Total liabilities, redeemable common stock and equity 5,334,903 4,785,177

Class S Common Stock

EQUITY

Common stock 3 2

Class S-1 Common Stock

EQUITY

Common stock 226 203

Class D Common Stock

EQUITY

Common stock 0 0

Class D-1 Common Stock

EQUITY

Common stock 1 0

Class I Common Stock

EQUITY

Common stock 106 85

Class E Common Stock

EQUITY

Common stock 1 1

Class F Common Stock

EQUITY

Common stock 91 89

Nonrelated Party

ASSETS

Other assets 38,429 655

Commercial real estate loan investments

ASSETS

Fair value, option, assets 5,200,218 4,702,728

Real estate-related securities

ASSETS

Fair value, option, assets $ 17,222 $ 14,818

[1]
(1) The condensed consolidated balance sheets at March 31, 2026 and December 31, 2025 include assets of $1.2 billion and liabilities of $1.0 billion of a consolidated collateralized loan obligation, which is a variable interest entity (“VIE”). The VIE’s assets can only be used to settle the obligations of the VIE. See Note 6 — “Collateralized Loan Obligations”, for additional information.

X

- Definition
Accounts Payable, Accrued Liabilities, and Other Liabilities
+ References
No definition available.
+ Details

Name: incref_AccountsPayableAccruedLiabilitiesAndOtherLiabilities

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Fair Value, Option, Fair Value Carrying Amount, Assets
+ References
No definition available.
+ Details

Name: incref_FairValueOptionFairValueCarryingAmountAssets

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Fair Value, Option, Fair Value Carrying Amount, Liabilities
+ References
No definition available.
+ Details

Name: incref_FairValueOptionFairValueCarryingAmountLiabilities

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Secured Lending Agreements, At Fair Value
+ References
No definition available.
+ Details

Name: incref_SecuredLendingAgreementsAtFairValue

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Term Lending Agreement, At Fair Value
+ References
No definition available.
+ Details

Name: incref_TermLendingAgreementAtFairValue

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-11

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480870/815-30-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (h)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14
+ Details

Name: us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of excess of issue price over par or stated value of stock and from other transaction involving stock or stockholder. Includes, but is not limited to, additional paid-in capital (APIC) for common and preferred stock.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details

Name: us-gaap_AdditionalPaidInCapital

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of asset recognized for present right to economic benefit.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 64
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481620/480-10-55-64

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 13: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-25

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 19: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 20: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 35: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details

Name: us-gaap_Assets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_AssetsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash and cash equivalent. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483467/210-10-45-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-4
+ Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(17))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
+ Details

Name: us-gaap_CommitmentsAndContingencies

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (01)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details

Name: us-gaap_CommonStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-7A

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-22

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-21

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-20

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-15

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-10

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483466/210-20-50-3

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-12

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477439/946-210-55-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 32: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column A)(Footnote 3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5A

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B
+ Details

Name: us-gaap_DerivativeAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-7A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-22

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-21

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-20

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-15

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483466/210-20-50-3

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column G)(Footnote 8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column G))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5A

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B
+ Details

Name: us-gaap_DerivativeLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(15)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 405
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478790/946-405-45-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(15)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details

Name: us-gaap_DividendsPayableCurrentAndNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of interest payable on debt, including, but not limited to, trade payables.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(15)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(15)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details

Name: us-gaap_InterestPayableCurrentAndNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3)(a)(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 310
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477802/946-310-45-1
+ Details

Name: us-gaap_InterestReceivable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 64
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481620/480-10-55-64

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(26))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-25

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(14))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 21: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 30: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

Reference 31: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
+ Details

Name: us-gaap_Liabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_LiabilitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(32))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details

Name: us-gaap_LiabilitiesAndStockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Fair value of the amount outstanding under the credit facility.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10
+ Details

Name: us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of equity (deficit) attributable to noncontrolling interest. Excludes temporary equity.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 15: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details

Name: us-gaap_MinorityInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of assets classified as other.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(10))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(17))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details

Name: us-gaap_OtherAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of liabilities classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 64
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481620/480-10-55-64

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(12)(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(12)(b)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(12)(b)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(17))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details

Name: us-gaap_OtherLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482913/230-10-50-8

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(1)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details

Name: us-gaap_RestrictedCash

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of accumulated undistributed earnings (deficit).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (h)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(17))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details

Name: us-gaap_RetainedEarningsAccumulatedDeficit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 16: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480418/310-10-S99-2
+ Details

Name: us-gaap_StockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_StockholdersEquityAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)(3)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483550/848-10-65-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479832/842-10-65-8

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483421/250-10-45-24

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 23
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483421/250-10-45-23

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483421/250-10-45-5

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-5

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (i)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-6

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-6

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482615/740-10-65-8

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482615/740-10-65-8

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-4

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-5

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-17

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

Reference 42: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-11

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478009/946-205-45-3

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-3

Reference 45: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 46: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2

Reference 47: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 48: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 49: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 50: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 51: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 52: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 53: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-15

Reference 54: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 16
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-16

Reference 55: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4I
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4I

Reference 56: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476166/350-60-65-1

Reference 57: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4
+ Details

Name: us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 30
-Name Accounting Standards Codification
-Section S55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479772/718-30-S55-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (01)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.E.Q2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479830/718-10-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
+ Details

Name: us-gaap_TemporaryEquityCarryingAmountAttributableToParent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassSMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassS1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassDMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassD1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassEMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassFMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_NonrelatedPartyMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_CommercialRealEstateLoanInvestmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_RealEstateRelatedSecuritiesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 16 R3.htm IDEA: XBRL DOCUMENT v3.26.1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Dividends and distributions payable $ 7,277 $ 6,536

Total assets ^[1] 5,334,903 4,785,177

Total liabilities ^[1] 4,174,525 3,742,843

Variable Interest Entity, Primary Beneficiary

Total assets 1,228,334 1,200,000

Total liabilities $ 1,006,887 $ 1,000,000

Class S Common Stock

Common stock, par value (in dollars per share) $ 0.01 $ 0.01

Common stock, authorized (in shares) 500,000,000 500,000,000

Class S-1 Common Stock

Common stock, par value (in dollars per share) $ 0.01 $ 0.01

Common stock, authorized (in shares) 500,000,000 500,000,000

Class D Common Stock

Common stock, par value (in dollars per share) $ 0.01 $ 0.01

Common stock, authorized (in shares) 500,000,000 500,000,000

Class D-1 Common Stock

Common stock, par value (in dollars per share) $ 0.01 $ 0.01

Common stock, authorized (in shares) 500,000,000 500,000,000

Class I Common Stock

Common stock, par value (in dollars per share) $ 0.01 $ 0.01

Common stock, authorized (in shares) 500,000,000 500,000,000

Class E Common Stock

Common stock, par value (in dollars per share) $ 0.01 $ 0.01

Common stock, authorized (in shares) 500,000,000 500,000,000

Class F Common Stock

Common stock, par value (in dollars per share) $ 0.01 $ 0.01

Common stock, authorized (in shares) 500,000,000 500,000,000

Related Party

Dividends and distributions payable $ 828 $ 804

Commercial real estate loan investments

Loans pledged as collateral $ 5,020,686 $ 4,475,009

[1]
(1) The condensed consolidated balance sheets at March 31, 2026 and December 31, 2025 include assets of $1.2 billion and liabilities of $1.0 billion of a consolidated collateralized loan obligation, which is a variable interest entity (“VIE”). The VIE’s assets can only be used to settle the obligations of the VIE. See Note 6 — “Collateralized Loan Obligations”, for additional information.

X

- Definition
Fair Value, Option, Fair Value of Collateral, Assets
+ References
No definition available.
+ Details

Name: incref_FairValueOptionFairValueOfCollateralAssets

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of asset recognized for present right to economic benefit.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 64
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481620/480-10-55-64

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 13: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-25

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 19: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 20: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 35: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details

Name: us-gaap_Assets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Face amount or stated value per share of common stock.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details

Name: us-gaap_CommonStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: dtr-types:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(16)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
+ Details

Name: us-gaap_CommonStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(15)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 405
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478790/946-405-45-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(15)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details

Name: us-gaap_DividendsPayableCurrentAndNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 64
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481620/480-10-55-64

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(26))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-25

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(14))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 21: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 30: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

Reference 31: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
+ Details

Name: us-gaap_Liabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassSMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassS1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassDMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassD1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassEMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassFMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_RelatedPartyMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_CommercialRealEstateLoanInvestmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 17 R4.htm IDEA: XBRL DOCUMENT v3.26.1

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Net Interest Income

Other interest income $ 865 $ 975

Interest expense (51,619) (31,297)

Net interest income 26,605 16,519

Other Income (Expense)

Unrealized gain (loss) on secured financing facilities, net 10,142 (8,474)

Gain (loss) on derivative instruments, net 6,259 (2,180)

Gain (loss) on foreign currency transactions, net (466) 9

Commitment fee income, net of related party expense of $1,463 and $2,119 for the three months ended March 31, 2026 and 2025, respectively 4,380 2,119

Other income and (expense), net 192 289

Total other income (expense), net 5,102 4,443

Expenses

Management and performance fees - related party 3,804 1,830

Debt issuance and other financing costs related to borrowings, at fair value 4,868 4,916

Organizational costs 0 2

General and administrative 3,319 2,550

Total expenses 11,991 9,298

Net income (loss) 19,716 11,664

Net income (loss) attributable to non-controlling interest 3 0

Dividends to preferred stockholders 0 (2)

Issuance and redemption costs of redeemed preferred stock 0 (27)

Net income (loss) available to common stockholders 19,713 11,635

Currency translation adjustment (71) 26

Comprehensive income (loss) 19,645 11,690

Net income (loss) attributable to non-controlling interest 3 0

Issuance and redemption costs of redeemed preferred stock 0 (27)

Comprehensive income (loss) attributable to common stockholders $ 19,642 $ 11,661

Earnings (loss) per share:

Basic (in dollars per share) $ 0.42 $ 0.43

Diluted (in dollars per share) $ 0.42 $ 0.43

Weighted average number of shares of common stock

Basic (in shares) 46,541,642 27,233,292

Diluted (in shares) 46,541,867 27,233,368

Commercial real estate loan investments

Net Interest Income

Interest income $ 77,125 $ 46,841

Other Income (Expense)

Unrealized gain (loss) on loans, net (16,230) 12,680

Real estate-related securities

Net Interest Income

Interest income 234 0

Other Income (Expense)

Unrealized gain (loss) on loans, net (46) 0

Collateralized loan obligations

Net Interest Income

Interest expense (14,700)

Other Income (Expense)

Unrealized gain (loss) on loans, net $ 871 $ 0

X

- Definition
Amortization of Debt Issuance Costs And Other Financing Costs
+ References
No definition available.
+ Details

Name: incref_AmortizationOfDebtIssuanceCostsAndOtherFinancingCosts

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Commitment Fee Income, Net
+ References
No definition available.
+ Details

Name: incref_CommitmentFeeIncomeNet

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Comprehensive Income (Loss), Net Of Tax, Attributable To Common Stockholders
+ References
No definition available.
+ Details

Name: incref_ComprehensiveIncomeLossNetOfTaxAttributableToCommonStockholders

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Earnings (Loss) Per Share EPS
+ References
No definition available.
+ Details

Name: incref_EarningsLossPerShareEPSAbstract

Namespace Prefix: incref_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Management And Incentive Fee Expense
+ References
No definition available.
+ Details

Name: incref_ManagementAndIncentiveFeeExpense

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Secured Financing Facilities, Gain (Loss)
+ References
No definition available.
+ Details

Name: incref_SecuredFinancingFacilitiesGainLoss

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-SubTopic 10
-Topic 810
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-20

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4K
+ Details

Name: us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 19
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-19

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4K
+ Details

Name: us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4CC
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-21
+ Details

Name: us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-52

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-15

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-10

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-7

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4
+ Details

Name: us-gaap_EarningsPerShareBasic

Namespace Prefix: us-gaap_

Data Type: dtr-types:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-52

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-15

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-7

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4
+ Details

Name: us-gaap_EarningsPerShareDiluted

Namespace Prefix: us-gaap_

Data Type: dtr-types:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-32
+ Details

Name: us-gaap_FairValueOptionChangesInFairValueGainLoss1

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 20
-Name Accounting Standards Codification
-Section 35
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482014/830-20-35-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481956/830-20-45-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481926/830-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481839/830-10-45-17

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-22
+ Details

Name: us-gaap_ForeignCurrencyTransactionGainLossBeforeTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
+ Details

Name: us-gaap_GeneralAndAdministrativeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of interest expense classified as operating.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details

Name: us-gaap_InterestExpenseOperating

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of interest income (expense) classified as operating.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(10))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details

Name: us-gaap_InterestIncomeExpenseNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_InterestIncomeExpenseNetAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 310
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479255/942-310-S50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 310
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.H.2.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478116/942-310-S99-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column E)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column E)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 45
-Paragraph 39
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477346/946-830-45-39

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(1)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column E)(Footnote 6)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6
+ Details

Name: us-gaap_InterestIncomeOperating

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of interest income earned from interest bearing assets classified as other.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21
+ Details

Name: us-gaap_InterestIncomeOther

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Subparagraph (k)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-3

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(6))
-SubTopic 10
-Topic 220
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2
+ Details

Name: us-gaap_LegalFees

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(17))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4J

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B
+ Details

Name: us-gaap_NetIncomeLossAttributableToNoncontrollingInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3A
-Subparagraph (24)(d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-3A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 6.B)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-5

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-11

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
+ Details

Name: us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Total aggregate amount of all noninterest expense.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(14))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details

Name: us-gaap_NoninterestExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(13))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details

Name: us-gaap_NoninterestIncome

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Represents the total of noninterest income derived from certain activities and assets including (for example): (1) venture capital investments; (2) bank owned life insurance; (3) foreign currency transactions; and (4) mortgage servicing rights.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(13))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details

Name: us-gaap_NoninterestIncomeOther

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NonoperatingIncomeExpenseAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_OperatingExpensesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 10A
-Subparagraph (a)
-SubTopic 10
-Topic 220
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-10A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
+ Details

Name: us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders.
+ References
No definition available.
+ Details

Name: us-gaap_PreferredStockDividendsIncomeStatementImpact

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-11

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478009/946-205-45-3

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(16))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 19
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-19

Reference 25: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 37: http://www.xbrl.org/2003/role/exampleRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 4J
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4J

Reference 38: http://www.xbrl.org/2003/role/exampleRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 4K
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4K

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-2

Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4
+ Details

Name: us-gaap_ProfitLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Dividends paid to preferred stock holders that is redeemable solely at the option of the issuer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-11
+ Details

Name: us-gaap_RedeemablePreferredStockDividends

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 16
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-16
+ Details

Name: us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-10
+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_CommercialRealEstateLoanInvestmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_RealEstateRelatedSecuritiesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FinancialInstrumentAxis=us-gaap_CollateralizedLoanObligationsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 18 R5.htm IDEA: XBRL DOCUMENT v3.26.1

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Related Party

Commitment and other fee expense $ 1,463 $ 2,119

X

- Definition
Commitment Fee Expense
+ References
No definition available.
+ Details

Name: incref_CommitmentFeeExpense

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_RelatedPartyMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 19 R6.htm IDEA: XBRL DOCUMENT v3.26.1

Condensed Consolidated Statements of Changes in Equity and Redeemable Common Stock (Unaudited) - USD ($)
$ in Thousands

Total

Total Stockholders' Equity

Series A Preferred Stock

Series A Preferred Stock

Common Stock

Class S Common Stock

Common Stock

Class S-1 Common Stock

Common Stock

Class D Common Stock

Common Stock

Class D-1 Common Stock

Common Stock

Class I Common Stock

Common Stock

Class E Common Stock

Common Stock

Class F Common Stock

Additional Paid-in Capital

Accumulated Other Comprehensive Income (Loss)

Retained Earnings (Accumulated Deficit)

Non-Controlling Interest

Beginning balance at Dec. 31, 2024 $ 435,349 $ 435,349 $ 205 $ 0 $ 72 $ 0 $ 0 $ 27 $ 1 $ 82 $ 448,947 $ (65) $ (13,920) $ 0

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net income (loss) 11,664 11,664 11,664

Proceeds from issuance of stock, net of offering costs 105,668 105,668 33 11 105,624

Common stock distribution reinvestment 7,568 7,568 1 2 7,565

Common stock dividends (12,943) (12,943) (12,943)

Preferred stock dividends (2) (2) (2)

Amortization of equity based compensation 19 19 19

Repurchase of common stock (754) (754) (754)

Redemption of preferred stock (232) (232) (205) (27)

Foreign currency translation adjustment 26 26 26

Adjustment to the carrying value of redeemable common stock (160) (160) (160)

Ending balance at Mar. 31, 2025 546,203 546,203 0 0 106 0 0 38 1 84 561,241 (39) (15,228) 0

Beginning balance at Dec. 31, 2024 151,367

Redeemable Common Stock

Proceeds from issuance of redeemable common stock 2,814

Repurchase of redeemable common stock (30,000)

Adjustment to the carrying value of redeemable common stock 160

Ending balance at Mar. 31, 2025 124,341

Beginning balance at Dec. 31, 2025 914,643 914,643 0 2 203 0 0 85 1 89 930,845 94 (16,676) 0

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net income (loss) 19,716 19,713 19,713 3

Proceeds from issuance of stock, net of offering costs 121,558 121,558 1 24 1 24 121,508

Common stock distribution reinvestment 13,110 13,110 3 1 2 13,104

Common stock dividends (21,085) (21,085) (21,085)

Proceeds from non-controlling interest, net of offering costs 113 113

Distributions on non-controlling interest (3) (3)

Amortization of equity based compensation 62 62 62

Repurchase of common stock (19,312) (19,312) (4) (4) (19,304)

Foreign currency translation adjustment (71) (71) (71)

Adjustment to the carrying value of redeemable common stock (100) (100) (100)

Ending balance at Mar. 31, 2026 1,028,631 $ 1,028,518 $ 0 $ 3 $ 226 $ 0 $ 1 $ 106 $ 1 $ 91 $ 1,046,115 $ 23 $ (18,048) $ 113

Beginning balance at Dec. 31, 2025 127,691

Redeemable Common Stock

Proceeds from issuance of redeemable common stock 6,804

Repurchase of redeemable common stock (2,848)

Adjustment to the carrying value of redeemable common stock 100

Ending balance at Mar. 31, 2026 $ 131,747

X

- Definition
Adjustments To Additional Paid In Capital, Increase (Decrease) In Carrying Value Of Redeemable Common Stock
+ References
No definition available.
+ Details

Name: incref_AdjustmentsToAdditionalPaidInCapitalIncreaseDecreaseInCarryingValueOfRedeemableCommonStock

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Temporary Equity, Stock Repurchased During Period, Value
+ References
No definition available.
+ Details

Name: incref_TemporaryEquityStockRepurchasedDuringPeriodValue

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of increase to additional paid-in capital (APIC) for recognition of cost for award under share-based payment arrangement.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-2
+ Details

Name: us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of paid and unpaid common stock dividends declared with the form of settlement in cash.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details

Name: us-gaap_DividendsCommonStockCash

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-SubTopic 405
-Topic 942
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477787/942-405-45-2
+ Details

Name: us-gaap_DividendsPreferredStockCash

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
No definition available.
+ Details

Name: us-gaap_IncreaseDecreaseInStockholdersEquityRollForward

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
No definition available.
+ Details

Name: us-gaap_IncreaseDecreaseInTemporaryEquityRollForward

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details

Name: us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of increase in noncontrolling interest from sale of a portion of the parent's controlling interest.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 23
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-23

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)(2)
-SubTopic 10
-Topic 810
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A
+ Details

Name: us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 10A
-Subparagraph (a)
-SubTopic 10
-Topic 220
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-10A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
+ Details

Name: us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-11

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478009/946-205-45-3

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(16))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 19
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-19

Reference 25: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 37: http://www.xbrl.org/2003/role/exampleRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 4J
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4J

Reference 38: http://www.xbrl.org/2003/role/exampleRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 4K
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4K

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-2

Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4
+ Details

Name: us-gaap_ProfitLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Value of stock issued during the period from a dividend reinvestment plan (DRIP). A dividend reinvestment plan allows the holder of the stock to reinvest dividends paid to them by the entity on new issues of stock by the entity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-11

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 45
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478009/946-205-45-4

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 230
-Name Accounting Standards Codification
-Section 55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479083/946-230-55-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
+ Details

Name: us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-11

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 45
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478009/946-205-45-4

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details

Name: us-gaap_StockIssuedDuringPeriodValueNewIssues

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Equity impact of the value of stock bought back by the entity at the exercise price or redemption price.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
+ Details

Name: us-gaap_StockRedeemedOrCalledDuringPeriodValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Equity impact of the value of stock that has been repurchased and retired during the period. The excess of the purchase price over par value can be charged against retained earnings (once the excess is fully allocated to additional paid in capital).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details

Name: us-gaap_StockRepurchasedAndRetiredDuringPeriodValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)(3)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483550/848-10-65-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479832/842-10-65-8

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483421/250-10-45-24

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 23
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483421/250-10-45-23

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483421/250-10-45-5

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-5

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (i)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-6

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-6

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482615/740-10-65-8

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482615/740-10-65-8

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-4

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-5

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-17

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

Reference 42: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-11

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478009/946-205-45-3

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-3

Reference 45: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 46: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2

Reference 47: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 48: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 49: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 50: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 51: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 52: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 53: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-15

Reference 54: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 16
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-16

Reference 55: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4I
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4I

Reference 56: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476166/350-60-65-1

Reference 57: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4
+ Details

Name: us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 30
-Name Accounting Standards Codification
-Section S55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479772/718-30-S55-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (01)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.E.Q2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479830/718-10-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
+ Details

Name: us-gaap_TemporaryEquityCarryingAmountAttributableToParent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of increase (decrease) in temporary equity from changes classified as other.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1
+ Details

Name: us-gaap_TemporaryEquityOtherChanges

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Value of new stock classified as temporary equity issued during the period.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1
+ Details

Name: us-gaap_TemporaryEquityStockIssuedDuringPeriodValueNewIssues

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

XML 20 R7.htm IDEA: XBRL DOCUMENT v3.26.1

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Cash flows from operating activities:

Net income (loss) $ 19,716 $ 11,664

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Unrealized (gain) loss on secured financing facilities, net (10,142) 8,474

(Gain) loss on derivative instruments, net (6,259) 2,180

(Gain) loss on foreign currency transactions 5 0

Debt issuance costs 4,062 3,541

Amortization of equity based compensation and other 634 19

Change in operating assets and liabilities:

Increase in operating assets (2,467) (1,019)

Increase (decrease) in operating liabilities 1,670 (458)

Increase (decrease) in due to affiliate 110 (450)

Net cash provided by operating activities 22,734 11,271

Cash flows from investing activities:

Principal payments from commercial real estate loans 45,112 0

Settlement of foreign currency forward contracts, net 2,586 117

Net cash used in investing activities (549,603) (384,589)

Cash flows from financing activities:

Proceeds from revolving credit facility 220,000 135,000

Repayment of revolving credit facility (259,000) (135,000)

Proceeds from secured financing facilities 506,497 286,301

Repayment of secured financing facilities (34,596) 0

Proceeds from issuance of common stock, net of offering costs 95,650 89,741

Proceeds from non-controlling interest, net of offering costs 113 0

Repurchase of common stock (13,973) (809)

Repurchase of redeemable common stock (2,848) (30,000)

Redemption of preferred stock 0 (232)

Proceeds from subscriptions paid in advance 32,095 28,495

Cash paid for debt issuance costs (1,674) (1,079)

Payments of dividends (7,234) (4,885)

Net cash provided by financing activities 535,030 367,532

Effect of exchange rate changes on cash, cash equivalents and restricted cash (37) (1)

Net change in cash, cash equivalents and restricted cash 8,124 (5,787)

Cash, cash equivalents and restricted cash, beginning of period 45,615 100,034

Cash, cash equivalents and restricted cash, end of period 53,739 94,247

Supplemental disclosures:

Interest paid 50,560 31,770

Non-cash investing and financing activities:

Dividends and distributions declared not paid 7,277 4,257

Common stock distribution reinvestment 13,110 7,568

Issuance of redeemable common stock for payment of management and performance fees 6,804 2,814

Accrued common stock repurchases 6,244 0

Offering costs due to affiliates 1,978 3,857

Real estate-related securities purchased, not settled 750 0

Adjustment to carrying value of redeemable common stock 100 160

Principal payments from commercial real estate loans due from servicer 36,768 0

Distributions to non-controlling interest, not yet paid 3 0

Commercial real estate loan investments

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Unrealized (gain) loss 16,230 (12,680)

Cash flows from investing activities:

Originations, funding, and purchases of assets at fair value (595,601) (384,706)

Real estate-related securities

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Unrealized (gain) loss 46 0

Cash flows from investing activities:

Originations, funding, and purchases of assets at fair value (1,700) 0

Collateralized loan obligations

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Unrealized (gain) loss $ (871) $ 0

X

- Definition
Accrued Common Stock Repurchases
+ References
No definition available.
+ Details

Name: incref_AccruedCommonStockRepurchases

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Adjustment To Carrying Value Of Redeemable Common Stock
+ References
No definition available.
+ Details

Name: incref_AdjustmentToCarryingValueOfRedeemableCommonStock

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amortization Of Equity Based Compensation And Other
+ References
No definition available.
+ Details

Name: incref_AmortizationOfEquityBasedCompensationAndOther

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Common Stock Distribution Reinvestment
+ References
No definition available.
+ Details

Name: incref_CommonStockDistributionReinvestment

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Distributions To Noncontrolling Interest, Not Yet Paid
+ References
No definition available.
+ Details

Name: incref_DistributionsToNoncontrollingInterestNotYetPaid

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Dividends Declared In Current Year, But Not Yet Paid
+ References
No definition available.
+ Details

Name: incref_DividendsDeclaredInCurrentYearButNotYetPaid

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Noncash Or Part Noncash, Offering Costs Included In Equity
+ References
No definition available.
+ Details

Name: incref_NoncashOrPartNoncashOfferingCostsIncludedInEquity

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Payments For Repurchase Of Temporary Equity
+ References
No definition available.
+ Details

Name: incref_PaymentsForRepurchaseOfTemporaryEquity

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Payments to Originate Assets, Fair Value, Option
+ References
No definition available.
+ Details

Name: incref_PaymentsToOriginateAssetsFairValueOption

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Principal Payments On Commercial Real Estate Loans Due From Servicer
+ References
No definition available.
+ Details

Name: incref_PrincipalPaymentsOnCommercialRealEstateLoansDueFromServicer

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Proceeds From Subscriptions Paid In Advance
+ References
No definition available.
+ Details

Name: incref_ProceedsFromSubscriptionsPaidInAdvance

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Real Estate-Related Securities Purchased, Not Settled
+ References
No definition available.
+ Details

Name: incref_RealEstateRelatedSecuritiesPurchasedNotSettled

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Secured Financing Facilities, Gain (Loss)
+ References
No definition available.
+ Details

Name: incref_SecuredFinancingFacilitiesGainLoss

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of amortization expense attributable to debt issuance costs.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-3
+ Details

Name: us-gaap_AmortizationOfFinancingCosts

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; attributable to continuing operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482913/230-10-50-8

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-24

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-4
+ Details

Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of increase (decrease) in cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; including effect from exchange rate change and including, but not limited to, discontinued operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-24

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-SubTopic 230
-Topic 830
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477401/830-230-45-1
+ Details

Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of increase (decrease) from effect of exchange rate change on cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; held in foreign currency; including, but not limited to, discontinued operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 230
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477401/830-230-45-1
+ Details

Name: us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-32
+ Details

Name: us-gaap_FairValueOptionChangesInFairValueGainLoss1

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount, before tax, of unrealized gain (loss) from foreign currency transaction.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 6
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-6

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481956/830-20-45-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481926/830-20-50-1

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details

Name: us-gaap_ForeignCurrencyTransactionGainLossUnrealized

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The increase (decrease) in obligations owed to an entity that is controlling, under the control of, or within the same control group as the reporting entity by means of direct or indirect ownership.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (a)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details

Name: us-gaap_IncreaseDecreaseInDueToAffiliates

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_IncreaseDecreaseInOperatingCapitalAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of increase (decrease) in operating assets classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (a)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details

Name: us-gaap_IncreaseDecreaseInOtherOperatingAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of increase (decrease) in operating liabilities classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (a)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28
+ Details

Name: us-gaap_IncreaseDecreaseInOtherOperatingLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-17

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-25

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482913/230-10-50-2
+ Details

Name: us-gaap_InterestPaidNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from financing activity, including, but not limited to, discontinued operation. Financing activity includes, but is not limited to, obtaining resource from owner and providing return on, and return of, their investment; borrowing money and repaying amount borrowed, or settling obligation; and obtaining and paying for other resource obtained from creditor on long-term credit.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-24
+ Details

Name: us-gaap_NetCashProvidedByUsedInFinancingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from investing activity, including, but not limited to, discontinued operation. Investing activity includes, but is not limited to, making and collecting loan, acquiring and disposing of debt and equity instruments, property, plant, and equipment, and other productive assets.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-24
+ Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from operating activity, including, but not limited to, discontinued operation. Operating activity includes, but is not limited to, transaction, adjustment, and change in value not defined as investing or financing activity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-24

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-25
+ Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The net cash outflow or inflow from derivative instruments during the period, which are classified as investing activities, excluding those designated as hedging instruments.
+ References
No definition available.
+ Details

Name: us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash outflow to reacquire common stock during the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 15
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-15
+ Details

Name: us-gaap_PaymentsForRepurchaseOfCommonStock

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash outflow to reacquire preferred stock during the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 15
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-15
+ Details

Name: us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-15
+ Details

Name: us-gaap_PaymentsOfDebtIssuanceCosts

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 15
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-15
+ Details

Name: us-gaap_PaymentsOfDividends

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash inflow from the additional capital contribution to the entity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 14
-Subparagraph (a)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-14
+ Details

Name: us-gaap_ProceedsFromIssuanceOfCommonStock

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-14
+ Details

Name: us-gaap_ProceedsFromIssuanceOfSecuredDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-14
+ Details

Name: us-gaap_ProceedsFromLinesOfCredit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of cash inflow from a noncontrolling interest. Includes, but is not limited to, purchase of additional shares or other increase in noncontrolling interest ownership.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-14
+ Details

Name: us-gaap_ProceedsFromMinorityShareholders

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The cash inflow from repayments of the balance excluding interest (principal) on loans receivable and leases held for investment purposes.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-12
+ Details

Name: us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-11

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478009/946-205-45-3

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(16))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 19
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-19

Reference 25: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 37: http://www.xbrl.org/2003/role/exampleRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 4J
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4J

Reference 38: http://www.xbrl.org/2003/role/exampleRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 4K
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4K

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-2

Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4
+ Details

Name: us-gaap_ProfitLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 15
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-15
+ Details

Name: us-gaap_RepaymentsOfLinesOfCredit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 15
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-15
+ Details

Name: us-gaap_RepaymentsOfSecuredDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The fair value of stock issued in noncash financing activities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482913/230-10-50-4

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482913/230-10-50-3

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482913/230-10-50-5
+ Details

Name: us-gaap_StockIssued1

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_SupplementalCashFlowInformationAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(c)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(c)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(c)(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(c)(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column F))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5A
+ Details

Name: us-gaap_UnrealizedGainLossOnDerivatives

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_CommercialRealEstateLoanInvestmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_RealEstateRelatedSecuritiesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FinancialInstrumentAxis=us-gaap_CollateralizedLoanObligationsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 21 R8.htm IDEA: XBRL DOCUMENT v3.26.1

Organization and Business Purpose
3 Months Ended

Mar. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Business Purpose Organization and Business Purpose
Invesco Commercial Real Estate Finance Trust, Inc. (the “Company” or “we”) is a Maryland corporation incorporated in October 2022. Our primary investment strategy is to originate, acquire and manage a diversified portfolio of loans and debt-like preferred equity interests secured by, or unsecured but related to, commercial real estate. We commenced investing activities in May 2023. We own substantially all of our assets through Invesco Commercial Real Estate Finance Investments, L.P. (the “Operating Partnership”), a wholly-owned subsidiary. We are externally managed by Invesco Advisers, Inc. (the “Adviser”), a registered investment adviser and an indirect, wholly-owned subsidiary of Invesco Ltd. (“Invesco”), an independent global investment management firm.
We qualified as a real estate investment trust (“REIT”) for U.S. federal income tax purposes beginning with the taxable year ended December 31, 2023. We have one operating segment. We operate our business in a manner that permits our exclusion from the definition of an “Investment Company” under the Investment Company Act of 1940, as amended (the “Investment Company Act”).
We are structured as a perpetual-life REIT and are engaging in a continuous, unlimited private placement offering of our common stock to “accredited investors” (as defined by Rule 501 promulgated pursuant to the Securities Act) (the “Continuous Offering”) under exemptions provided by Section 4(a)(2) of the Securities Act and applicable state securities laws. The Class S, Class S-1, Class D, Class D-1, Class I, and Class E shares sold in our Continuous Offering have different upfront selling commissions, ongoing stockholder servicing fees, management fees and performance fees.

X

- Definition
The entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483426/235-10-50-4

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 205
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/205/tableOfContent
+ Details

Name: us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 22 R9.htm IDEA: XBRL DOCUMENT v3.26.1

Summary of Significant Accounting Policies
3 Months Ended

Mar. 31, 2026

Accounting Policies [Abstract]

Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Basis of Presentation
Certain disclosures included in our Annual Report on Form 10-K are not required to be included on an interim basis in our quarterly reports on Form 10-Q. We have condensed or omitted these disclosures. Therefore, this Form 10-Q should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2025.
Consolidation
Our condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and consolidate the financial statements of the Company and its controlled subsidiaries. In determining whether we have a controlling financial interest in a partially owned entity, we consider whether the entity is a variable interest entity (“VIE”) and whether we are the primary beneficiary. We are the primary beneficiary of a VIE when we have both the power to direct the most significant activities impacting the economic performance of the VIE and the obligation to absorb losses or receive benefits significant to the VIE. See additional information on our VIEs for the collateralized loan obligations issuer (“CLO Issuer” or “INCREF 2025-FL1”) in Note 6 — “Collateralized Loan Obligations.” All significant intercompany transactions, balances, revenues and expenses are eliminated in consolidation. In the opinion of management, the condensed consolidated financial statements reflect all adjustments, consisting of normal recurring accruals, which are necessary for a fair statement of our financial condition and results of operations for the periods presented.
Use of Estimates
The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our condensed consolidated financial statements and accompanying notes. Examples of estimates may include, but are not limited to, estimates of the fair values of financial instruments and estimated payment periods for certain stockholder servicing fee liabilities. Actual results may differ from those estimates.
Cash and Cash Equivalents
We consider all highly liquid investments that have original or remaining maturity dates of three months or less when purchased to be cash equivalents. Certain cash balances may be held in brokerage accounts that also hold our securities investments and may be swept into money market funds that meet the criteria for classification as cash equivalents. Cash and cash equivalents are carried at cost, which approximates fair value due to the highly liquid and short-term nature of these
instruments. We may have cash balances in excess of federally insured amounts. We mitigate our risk of loss by maintaining cash deposits with high credit-quality institutions and by actively monitoring the credit risk of our counterparties.
Restricted Cash
Restricted cash represents (i) cash deposited with our transfer agent for investor subscriptions received prior to the date the subscriptions are effective, (ii) cash held by foreign subsidiaries that cannot be used to pay dividends without local regulatory authority approval, and (iii) cash held by the Company’s collateralized loan obligations issuer pending reinvestment in eligible collateral. See Note 6 — “Collateralized Loan Obligations” for additional details.
Due From Servicer
As of March 31, 2026, the Company had a balance of $37.5 million related to amounts collected by the loan servicer but not yet remitted to the Company’s consolidated CLO Issuer and to the Company. These amounts primarily represent principal and interest payments received from a borrower prior to quarter-end but not yet transferred to the Company’s consolidated CLO and to the Company. This amount is included in Other Assets on the condensed consolidated balance sheet as of March 31, 2026.
Income Taxes
We elect to treat certain of our corporate subsidiaries as taxable REIT subsidiaries (“TRS”) which are subject to federal, state and local corporate income tax, as applicable. TRSs hold investments in assets, income streams, operating companies and associated expenses that produce non-qualifying items for purposes of REIT testing. Current income tax expense is recorded within other income (expense), net on our condensed consolidated statements of comprehensive income. Deferred tax assets, valuation allowance, and deferred tax liabilities are recorded within other assets or other liabilities, as applicable, on our condensed consolidated balance sheets.
For the three months ended March 31, 2026, we recorded income tax expense of $13,000 located within other income and (expense), net on our comprehensive statements of comprehensive income. We did not have tax expense in the three months ended March 31, 2025. As of March 31, 2026, our tax years 2023 through 2026 remain subject to examination by the United States tax authorities.
Fair Value Measurement
We have elected the fair value option for our commercial real estate loan investments, real estate-related securities, secured lending and term lending agreements (collectively, our “secured financing facilities”), our revolving credit facility, and our CLO. The Company believes the fair value option will provide its financial statements users with reduced complexity, greater consistency, understandability and comparability.
In the month that we originate or acquire a loan that is held outside of the CLO Issuer, the par value of the loan represents its fair value. Thereafter, an independent valuation advisor values our commercial loan investments monthly using a discounted cash flow analysis. The yield used in the discounted cash flow analysis is determined by comparing the features of the loan to the interest rates and terms required by lenders in the new loan origination market for similar loans and the yield required by investors acquiring similar loans in the secondary market as well as a comparison of current market and collateral conditions to those present at origination or acquisition. The Company elected to apply the measurement alternative for consolidated collateralized financing entities with respect to the CLO Issuer. Accordingly, commercial real estate loans and loan participations that are collateral assets within the consolidated CLO Issuer are measured using the fair value of the more observable notes as an indicator of the fair value of the assets as a whole. A portion of these notes are related to the retained income notes, which are valued using a discounted cash flow model. The discounted cash flow model estimates expected future cash flows based on the contractual terms and relevant market data, incorporating collateral characteristics, prepayment and default assumptions, loss severity, credit enhancement features, and note specific factors, and discounts these projected cash flows using a market‑based yield.
In determining the fair value of a particular real estate-related security, we use pricing service providers, who may use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models to determine the reported price. The pricing service providers’ internal models for securities generally consider the attributes applicable to a particular class of the security (e.g., credit rating or seniority), current market data, and estimated cash flows for each class and incorporate deal collateral performance such as prepayment speeds and default rates, as available.
In the month that we enter into a borrowing arrangement, the par value of the borrowing represents the fair value of the arrangement. Thereafter, an independent valuation advisor values our revolving credit facility and secured financing facilities monthly. The independent valuation advisor calculates the fair value of the revolving credit facility based on a determination of the price that would be paid by another market participant to assume the lender’s position in the transaction. The fair value of secured financing facilities is calculated using a discounted cash flow analysis where the remaining debt service cash flow, based on the contractual economics stated in the loan agreement, is valued using a market interest rate which reflects an estimate for how a lender would price an equivalent loan for the remaining term. Additionally, we consider current market rates and conditions by evaluating similar borrowing agreements with comparable loan-to-value ratios and credit profiles. The market rate of interest is adjusted to reflect our own credit risk for recourse borrowings.
We generally determine the fair value of the collateralized loan obligations by utilizing third party pricing services, broker-dealer quotations, and discounted cash flow models. We conduct an ongoing evaluation of their valuation methodologies and processes and review the individual valuations themselves. Our review consists of consideration of a variety of factors, including market transaction information for the particular bond, market transaction information for similar bonds, the bond’s ratings and the bond’s subordination levels.
Our currency forward contracts are valued by an independent pricing service based on contractual cash flows and quoted foreign currency rates available in an active market. When determining the fair value of our forward currency contracts as of each measurement date, we consider the effect of counterparty nonperformance risk as a part of the valuation process and include a credit risk adjustment where appropriate.
Real Estate-Related Securities
We invest in debt securities of real estate companies. We have elected the fair value option for accounting for investments in debt securities. We record changes in fair value of debt securities as unrealized gain (loss) on real estate-related securities and interest income on debt securities as interest income in our condensed consolidated statements of comprehensive income.
Collateralized Loan Obligations
The Company financed a pool of loans and loan participations from its existing loan portfolio through a managed collateralized financing entity, INCREF 2025-FL1. The Company consolidates the CLO Issuer because it determined that the CLO issuer is a VIE and that the Company is the primary beneficiary of such VIE. The collateral assets securing the collateralized loan obligations include the pool of loans and loan participations, which are included on the condensed consolidated balance sheets as commercial real estate loan investments, at fair value. The notes issued by the consolidated CLO Issuer are included on the Company’s condensed consolidated balance sheets as collateralized loan obligations, at fair value. Collateralized loan obligations consist solely of obligations held by third party rated note holders and exclude the retained tranches held by the Company, which are eliminated in consolidation of the CLO Issuer. The interest income from the CLO Issuer’s collateral assets and interest expense on the notes issued by the CLO Issuer are presented on a gross basis within interest income and interest expense, respectively, in the condensed consolidated statements of comprehensive income. Because we elected the fair value option for our collateralized loan obligations, we record any changes in their fair values as unrealized gain (loss) on collateralized loan obligations, net in our condensed consolidated statements of comprehensive income.
Significant Accounting Policies
There have been no changes to our accounting policies included in Note 2 — “Summary of Significant Accounting Policies” to the consolidated financial statements of our Annual Report on Form 10-K for the year ended December 31, 2025.

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for all significant accounting policies of the reporting entity.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/235/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483426/235-10-50-1
+ Details

Name: us-gaap_SignificantAccountingPoliciesTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 23 R10.htm IDEA: XBRL DOCUMENT v3.26.1

Commercial Real Estate Loan Investments
3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Commercial Real Estate Loan Investments Commercial Real Estate Loan Investments
The table below summarizes our investments in commercial real estate loans as of March 31, 2026 and December 31, 2025:
$ in thousands
Loan Type
Loan Amount(1)
Principal Balance Outstanding Fair Value
Weighted Average Interest Rate(2)
Weighted Average Life (years)(3)
March 31, 2026
Senior loans(4)
$ 5,545,099 $ 5,167,516 $ 5,174,445 6.30 % 3.84
Mezzanine loans 30,000 25,773 25,773 12.00 % 3.59
Total $ 5,575,099 $ 5,193,289 $ 5,200,218 6.33 % 3.84
December 31, 2025
Senior loans(4)
$ 5,025,649 $ 4,670,191 $ 4,677,720 6.40 % 3.91
Mezzanine loans 30,000 25,008 25,008 12.00 % 3.84
Total $ 5,055,649 $ 4,695,199 $ 4,702,728 6.43 % 3.91
(1)Loan amount consists of outstanding principal balance plus unfunded loan commitments.
(2)Domestic loans earn interest at the one-month Term Secured Overnight Financing Rate (“SOFR”) plus a spread. Euro denominated loans earn interest at three-month Euro Interbank Offered Rate (“Euribor”) plus a spread. Our loans denominated in British pound sterling earn interest at three-month Sterling Overnight Index Average (“SONIA”) plus a spread.
(3)Assumes all extension options are exercised by the borrower; however, loans may be repaid prior to such date. Extension options are subject to certain conditions, as defined in the respective loan agreement.
(4)Senior loans include senior mortgages and similar credit quality loans, including related contiguous subordinate loans and accommodation mezzanine loans in connection with the senior mortgage financing.
The tables below detail the property type and geographic location of the properties securing our commercial real estate loans as of March 31, 2026 and December 31, 2025:
$ in thousands March 31, 2026 December 31, 2025
Property Type Fair Value Percentage Fair Value Percentage
Multifamily $ 2,750,140 52.9 % $ 2,292,433 48.7 %
Industrial 1,889,528 36.3 % 1,870,741 39.8 %
Student housing 345,945 6.7 % 343,204 7.3 %
Self-storage 214,605 4.1 % 196,350 4.2 %
Total $ 5,200,218 100.0 % $ 4,702,728 100.0 %
$ in thousands March 31, 2026 December 31, 2025
Geographic Location Fair Value Percentage Fair Value Percentage
United States:
East $ 1,447,748 27.9 % $ 1,409,703 30.0 %
South 1,217,646 23.4 % 1,107,282 23.5 %
West 1,129,770 21.7 % 986,262 21.0 %
Various U.S.(1)
474,875 9.1 % 474,366 10.1 %
Midwest 122,797 2.4 % 122,767 2.6 %
Total $ 4,392,836 84.5 % $ 4,100,380 87.2 %
Non-US:
 United Kingdom(2)
$ 535,029 10.3 % $ 324,365 6.9 %
 Europe(3)
272,353 5.2 % 277,983 5.9 %
Total $ 807,382 15.5 % $ 602,348 12.8 %
Total $ 5,200,218 100.0 % $ 4,702,728 100.0 %
(1)Various U.S. includes self-storage and industrial portfolios with multiple locations throughout the United States.
(2)Our European loans that are collateralized by industrial commercial real estate in the United Kingdom are denominated in British pounds sterling and have an aggregate fair value of £404.8 million as of March 31, 2026.
(3)Our European loans that are collateralized by industrial commercial real estate in France, Spain and Italy are denominated in Euros and have an aggregate fair value of €236.7 million as of March 31, 2026.
The weighted average loan-to-value ratio, a metric utilized in the fair value measurement of our commercial real estate loan investments, for our loan investments at March 31, 2026 was approximately 66% based on the loan principal amount and the independent property appraisals.
Interest income earned by our US commercial real estate loans for the three months ended March 31, 2026 and 2025 was $67.0 million and $42.1 million, respectively. Interest income earned by our non-US commercial real estate loans for the three months ended March 31, 2026 and 2025 was $10.1 million and $4.7 million, respectively.
Real Estate-Related Securities
The following tables summarize our real estate-related securities as of March 31, 2026 and December 31, 2025:
March 31, 2026
$ in thousands Principal Balance Unamortized Premium (Discount) Amortized Cost Unrealized Gain (Loss), Net Fair Value Weighted Average Yield Weighted Average Maturity Date
Non-agency CMBS $ 17,220 $ (38) $ 17,182 $ 40 $ 17,222 6.16 % February 2040
December 31, 2025
$ in thousands Principal Balance Unamortized Premium (Discount) Amortized Cost Unrealized Gain (Loss), Net Fair Value Weighted Average Yield Weighted Average Maturity Date
Non-agency CMBS $ 14,770 $ (38) $ 14,732 $ 86 $ 14,818 6.29 % March 2040
The following table presents the components of gain (loss) on real estate-related securities, net for the three months ended March 31, 2026:
March 31, 2026
$ in thousands Realized Gain (Loss), Net Unrealized Gain (Loss), Net Gain (Loss), Net
Non-agency CMBS $ — $ (46) $ (46)
We did not hold real estate-related securities during the three months ended March 31, 2025.

X

- References
No definition available.
+ Details

Name: us-gaap_FairValueDisclosuresAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for a company's election to apply the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) the reasons for electing a fair value option for each eligible item or group of similar eligible items; (b) if the fair value option is elected for some but not all eligible items within a group of similar eligible items: (i) a description of those similar items and the reasons for partial election and (ii) information of how the group of similar items relates to individual balance sheet line items; (c) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected: (i) information of how each line item in the statement of financial position relates to major categories of assets and liabilities presented in accordance with other fair value disclosures and (ii) the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (d) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (e) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (f) for investments that would have been accounted for under the equity method if the entity had not chosen to apply the fair value option, the information required for such investments, if material either individually or in the aggregate; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) a description of how interest and dividends are measured and where they are reported in the income statement; (c) for loans and other receivables held as assets: (i) the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk and (ii) how the gains or losses attributable to changes in instrument-specific credit risk were determined; (d) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk: (i) the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk, (ii) qualitative information about the reasons for those changes, and (iii) how the gains and losses attributable to changes in instrument-specific credit risk were determined; and (3) certain other disclosures as required or determined to be provided.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 13
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-13

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-11

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-13

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-13

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-11

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/825/tableOfContent

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-32
+ Details

Name: us-gaap_FairValueOptionTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 24 R11.htm IDEA: XBRL DOCUMENT v3.26.1

Real Estate-Related Securities
3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Real Estate-Related Securities Commercial Real Estate Loan Investments
The table below summarizes our investments in commercial real estate loans as of March 31, 2026 and December 31, 2025:
$ in thousands
Loan Type
Loan Amount(1)
Principal Balance Outstanding Fair Value
Weighted Average Interest Rate(2)
Weighted Average Life (years)(3)
March 31, 2026
Senior loans(4)
$ 5,545,099 $ 5,167,516 $ 5,174,445 6.30 % 3.84
Mezzanine loans 30,000 25,773 25,773 12.00 % 3.59
Total $ 5,575,099 $ 5,193,289 $ 5,200,218 6.33 % 3.84
December 31, 2025
Senior loans(4)
$ 5,025,649 $ 4,670,191 $ 4,677,720 6.40 % 3.91
Mezzanine loans 30,000 25,008 25,008 12.00 % 3.84
Total $ 5,055,649 $ 4,695,199 $ 4,702,728 6.43 % 3.91
(1)Loan amount consists of outstanding principal balance plus unfunded loan commitments.
(2)Domestic loans earn interest at the one-month Term Secured Overnight Financing Rate (“SOFR”) plus a spread. Euro denominated loans earn interest at three-month Euro Interbank Offered Rate (“Euribor”) plus a spread. Our loans denominated in British pound sterling earn interest at three-month Sterling Overnight Index Average (“SONIA”) plus a spread.
(3)Assumes all extension options are exercised by the borrower; however, loans may be repaid prior to such date. Extension options are subject to certain conditions, as defined in the respective loan agreement.
(4)Senior loans include senior mortgages and similar credit quality loans, including related contiguous subordinate loans and accommodation mezzanine loans in connection with the senior mortgage financing.
The tables below detail the property type and geographic location of the properties securing our commercial real estate loans as of March 31, 2026 and December 31, 2025:
$ in thousands March 31, 2026 December 31, 2025
Property Type Fair Value Percentage Fair Value Percentage
Multifamily $ 2,750,140 52.9 % $ 2,292,433 48.7 %
Industrial 1,889,528 36.3 % 1,870,741 39.8 %
Student housing 345,945 6.7 % 343,204 7.3 %
Self-storage 214,605 4.1 % 196,350 4.2 %
Total $ 5,200,218 100.0 % $ 4,702,728 100.0 %
$ in thousands March 31, 2026 December 31, 2025
Geographic Location Fair Value Percentage Fair Value Percentage
United States:
East $ 1,447,748 27.9 % $ 1,409,703 30.0 %
South 1,217,646 23.4 % 1,107,282 23.5 %
West 1,129,770 21.7 % 986,262 21.0 %
Various U.S.(1)
474,875 9.1 % 474,366 10.1 %
Midwest 122,797 2.4 % 122,767 2.6 %
Total $ 4,392,836 84.5 % $ 4,100,380 87.2 %
Non-US:
 United Kingdom(2)
$ 535,029 10.3 % $ 324,365 6.9 %
 Europe(3)
272,353 5.2 % 277,983 5.9 %
Total $ 807,382 15.5 % $ 602,348 12.8 %
Total $ 5,200,218 100.0 % $ 4,702,728 100.0 %
(1)Various U.S. includes self-storage and industrial portfolios with multiple locations throughout the United States.
(2)Our European loans that are collateralized by industrial commercial real estate in the United Kingdom are denominated in British pounds sterling and have an aggregate fair value of £404.8 million as of March 31, 2026.
(3)Our European loans that are collateralized by industrial commercial real estate in France, Spain and Italy are denominated in Euros and have an aggregate fair value of €236.7 million as of March 31, 2026.
The weighted average loan-to-value ratio, a metric utilized in the fair value measurement of our commercial real estate loan investments, for our loan investments at March 31, 2026 was approximately 66% based on the loan principal amount and the independent property appraisals.
Interest income earned by our US commercial real estate loans for the three months ended March 31, 2026 and 2025 was $67.0 million and $42.1 million, respectively. Interest income earned by our non-US commercial real estate loans for the three months ended March 31, 2026 and 2025 was $10.1 million and $4.7 million, respectively.
Real Estate-Related Securities
The following tables summarize our real estate-related securities as of March 31, 2026 and December 31, 2025:
March 31, 2026
$ in thousands Principal Balance Unamortized Premium (Discount) Amortized Cost Unrealized Gain (Loss), Net Fair Value Weighted Average Yield Weighted Average Maturity Date
Non-agency CMBS $ 17,220 $ (38) $ 17,182 $ 40 $ 17,222 6.16 % February 2040
December 31, 2025
$ in thousands Principal Balance Unamortized Premium (Discount) Amortized Cost Unrealized Gain (Loss), Net Fair Value Weighted Average Yield Weighted Average Maturity Date
Non-agency CMBS $ 14,770 $ (38) $ 14,732 $ 86 $ 14,818 6.29 % March 2040
The following table presents the components of gain (loss) on real estate-related securities, net for the three months ended March 31, 2026:
March 31, 2026
$ in thousands Realized Gain (Loss), Net Unrealized Gain (Loss), Net Gain (Loss), Net
Non-agency CMBS $ — $ (46) $ (46)
We did not hold real estate-related securities during the three months ended March 31, 2025.

X

- References
No definition available.
+ Details

Name: us-gaap_FairValueDisclosuresAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for a company's election to apply the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) the reasons for electing a fair value option for each eligible item or group of similar eligible items; (b) if the fair value option is elected for some but not all eligible items within a group of similar eligible items: (i) a description of those similar items and the reasons for partial election and (ii) information of how the group of similar items relates to individual balance sheet line items; (c) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected: (i) information of how each line item in the statement of financial position relates to major categories of assets and liabilities presented in accordance with other fair value disclosures and (ii) the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (d) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (e) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (f) for investments that would have been accounted for under the equity method if the entity had not chosen to apply the fair value option, the information required for such investments, if material either individually or in the aggregate; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) a description of how interest and dividends are measured and where they are reported in the income statement; (c) for loans and other receivables held as assets: (i) the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk and (ii) how the gains or losses attributable to changes in instrument-specific credit risk were determined; (d) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk: (i) the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk, (ii) qualitative information about the reasons for those changes, and (iii) how the gains and losses attributable to changes in instrument-specific credit risk were determined; and (3) certain other disclosures as required or determined to be provided.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 13
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-13

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-11

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-13

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-13

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-11

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/825/tableOfContent

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-32
+ Details

Name: us-gaap_FairValueOptionTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 25 R12.htm IDEA: XBRL DOCUMENT v3.26.1

Borrowings
3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Borrowings Borrowings
The table below summarizes our borrowing arrangements as of March 31, 2026 and December 31, 2025. Our borrowing arrangements include our secured financing facilities and a revolving credit facility.
March 31, 2026 December 31, 2025
$ in thousands Current Maturity
Extension Options(1)
Weighted Average Interest Rate(2)
Maximum Facility Size Available Capacity Amount Outstanding Fair Value Amount Outstanding Fair Value
Term Lending Agreements
INCREF Lending II Match-term Match-term 5.94% $ 300,000 $ 144,603 $ 155,397 $ 155,397 $ 155,027 $ 155,033
INCREF Lending III Match-term Match-term 5.17% 72,840 4,840 68,000 68,000 $ 68,000 $ 68,000
Secured Lending Agreements
Repurchase Agreements
Morgan Stanley Bank(3)
Dec 2027 Dec 2028 5.33% 750,000 69,430 680,570 680,474 713,335 713,335
Citibank Jul 2027 Jul 2029 5.07% 1,000,000 417,996 582,004 582,004 590,301 590,401
Barclays(3)
Apr 2027 Apr 2029 5.15% 500,000 77,106 422,894 422,894 328,897 328,897
Wells Fargo(3)
Mar 2028 Mar 2031 5.16% 1,200,000 629,095 570,905 570,892 340,663 340,664
Bank of Montreal(3)
Jul 2027 Jul 2030 5.00% 256,600 — 256,600 256,600 256,600 256,600
INCREF Repurchase I(3)
Feb 2027 Feb 2030 5.15% 250,000 74,964 175,036 175,066 $ 129,589 $ 129,646
INCREF Repurchase II Feb 2029 Feb 2029 5.12% 250,000 116,992 133,008 133,008 N/A N/A
Total secured financing facilities $ 4,579,440 $ 1,535,026 $ 3,044,414 $ 3,044,335 $ 2,582,412 $ 2,582,576
Revolving Credit Facility(4)
6.57% $ 162,000 $ 146,000 $ 16,000 $ 16,000 $ 55,000 $ 55,000
(1)Assumes all available extension options are exercised.
(2)Represents the weighted average interest rate in effect as of March 31, 2026.
(3)Certain extension options for these facilities are subject to lender approval and compliance with certain financial and administrative covenants.
(4)Maturity date is aligned with the Company’s ability to call remaining outstanding capital committed under the Invesco Subscription Agreement, as further explained below.
Borrowings denominated in U.S. dollars under our secured financing facilities and revolving credit facility bear interest at one-month Term SOFR plus a spread. Euro denominated borrowings bear interest at three-month Euribor plus a spread, and our British pound sterling denominated borrowings bear interest at three-month SONIA plus a spread. Our secured financing facilities are subject to certain non-financial and financial covenants, including liquidity, tangible net worth and leverage covenants. We were in compliance with these covenants as of March 31, 2026.
Term Lending Agreements
INCREF Lending II and INCREF Lending III provide asset-based financing on a non-mark-to-market basis with partial recourse to the Company and match-term to the underlying loans. We have pledged certain commercial real estate loan investments with a fair value of approximately $198.7 million and $85.0 million as collateral for INCREF Lending II and INCREF Lending III, respectively. We segregate the commercial real estate loans that we have pledged as collateral in our books and records. Our term lending agreement counterparties have the right to resell or repledge the collateral posted but have the obligation to return the pledged collateral upon maturity of the term lending agreement.
Secured Lending Agreements
In February 2026, we entered into a $250.0 million Master Repurchase Agreement with a financial institution (“INCREF Repurchase II”) that provides asset-based financing with partial recourse to the Company. We have pledged certain commercial real estate loan investments with a fair value of approximately $166.3 million as collateral for INCREF Repurchase II.
We have entered into traditional repurchase agreements with seven financial institutions, as detailed in the table above. We have pledged certain commercial real estate loan investments with a fair value of approximately $3.5 billion as collateral for these agreements. Certain borrowings under our Citibank repurchase agreement are collateralized by European commercial real estate loans. The borrowings are denominated in Euros and British pounds sterling and have a fair value of €189.4 million and £192.8 million, respectively, as of March 31, 2026. In March 2026, we added Euro capacity of €123.0 million and British pound sterling capacity of £255.4 million and upsized the U.S. dollar capacity to $700.0 million under our Wells Fargo repurchase agreement, resulting in a total facility size of $1.2 billion. Certain borrowings under our Wells Fargo agreement are collateralized by European commercial real estate loans, denominated in British pounds sterling, and have a fair value of £125.0 million as of March 31, 2026. We segregate the commercial real estate loans that we have pledged as collateral in our books and records. Our repurchase agreement counterparties have the right to resell or repledge the collateral posted but have the obligation to return the pledged collateral upon maturity of the repurchase agreement.
We were not required to post any margin under our master repurchase agreements as of March 31, 2026 and December 31, 2025. A margin deficiency may generally result from either a decline in the underlying loan’s market value or a shortfall in operating performance of the property. We may finance multiple commercial loan investments under a repurchase agreement; therefore, a margin excess in one asset could help mitigate a margin deficiency in another asset under the same repurchase agreement. We intend to maintain a level of liquidity that will enable us to meet margin calls. Master repurchase agreements are recourse obligations.
Counterparty Exposure
We have pledged certain commercial real estate loan investments as collateral for our secured financing facilities. If a secured financing counterparty were to default on its obligation to return the collateral, we would be exposed to potential losses to the extent the fair value of the collateral that we have pledged to the counterparty exceeded the amount loaned to us plus interest due to the counterparty. The following table summarizes our net exposure with those counterparties where the amount at risk exceeded 10.0% of equity as of March 31, 2026 and December 31, 2025.
$ in thousands Outstanding Principal Net Counterparty Exposure
Weighted Average Life (Years)(1)
March 31, 2026
Morgan Stanley Bank $ 680,570 $ 176,662 2.68
Citibank 582,004 145,501 3.32
Bank of Montreal 411,997 107,449 3.94
Barclays 422,894 107,993 3.07
Wells Fargo 570,905 156,122 3.15
Total $ 2,668,370 $ 693,727 3.17
December 31, 2025
Morgan Stanley Bank $ 713,335 $ 186,066 2.92
Citibank 590,301 148,674 3.56
Bank of Montreal 411,627 107,463 4.18
Total $ 1,715,263 $ 442,203 3.45
(1)Assumes all extension options are exercised for borrowing facilities that may be extended at our option, subject to compliance with certain financial and administrative covenants.
The following table shows the aggregate amount of maturities of our outstanding borrowings over the next five years and thereafter as of March 31, 2026:
$ in thousands
Secured Lending Agreements(1)
Term Lending Agreements(1)
Revolving Credit Facility(1)
Total
Year
2026 (remaining) $ — $ — $ 16,000 $ 16,000
2027 — — — —
2028 680,570 — — 680,570
2029 1,137,906 128,369 — 1,266,275
2030 431,636 95,028 — 526,664
2031 570,905 — — 570,905
Thereafter — — — —
Total $ 2,821,017 $ 223,397 $ 16,000 $ 3,060,414
(1)Assumes all extension options are exercised for borrowing facilities that may be extended at our option, subject to compliance with certain financial and administrative covenants.
Revolving Credit Facility
Our revolving credit facility is secured by uncalled capital subscriptions under the terms of the Invesco Subscription Agreement, as described in Note 11 — “Redeemable Common Stock - Related Party”. Borrowings under the facility bear interest at one-month Term SOFR or the prime rate plus a spread. The revolving credit facility allows for the ability to obtain tranches of term financing in addition to general borrowings under an Uncommitted Tranche (as defined in the credit agreement). The Uncommitted Tranche is due on demand (15 business days after notice); any Funded Tranche (as defined in the credit agreement) is due no later than (a) three years from issuance or (b) 360 days after notice; and all amounts outstanding under the facility are due 30 days prior to the last date on which capital calls may be issued. The facility is prepayable without penalty.
Our revolving credit facility is subject to certain affirmative and negative non-financial and financial covenants, including a limitation on indebtedness. We were in compliance with these covenants as of March 31, 2026.

X

- References
No definition available.
+ Details

Name: us-gaap_DebtDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I
+ Details

Name: us-gaap_DebtDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 26 R13.htm IDEA: XBRL DOCUMENT v3.26.1

Collateralized Loan Obligations
3 Months Ended

Mar. 31, 2026

Transfers and Servicing [Abstract]

Collateralized Loan Obligations Collateralized Loan Obligations
The table below summarizes our collateralized loan obligations as of March 31, 2026:
Facility Collateral
$ in thousands Term
Weighted Average Interest Rate(1)
Amount Outstanding Fair Value Count Principal Balance Outstanding Fair Value
INCREF 2025-FL1 Oct 2042 5.63% $ 998,234 $ 1,004,858 29 $ 1,180,591 $ 1,187,520
Total $ 998,234 $ 1,004,858 29 $ 1,180,591 $ 1,187,520
(1)Represents the weighted average interest rate in effect as of March 31, 2026.
In May 2025, the Company financed a pool of loans and loan participations from its existing loan portfolio through the CLO Issuer, contributing $1.2 billion of commercial real estate loan investments to the CLO Issuer and issuing $1.2 billion of notes. The Company retained $219.1 million of the notes issued by the CLO Issuer. The rated notes bear interest at Term SOFR plus a spread. The collateralized loan obligations execution provides the Company with match-term financing on a non-mark-to-market and non-recourse basis. The third-party notes were issued at a discount of $2.5 million, with the Company receiving $995.7 million in proceeds from the transaction.
The CLO Issuer is a VIE primarily because the unrelated investors do not have substantive voting or participating rights. To assess whether the Company has the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, the Company considered, among other factors, its role in establishing the VIE and its ongoing rights and responsibilities. We determined that we are the primary beneficiary as (1) we have the power to direct activities of the VIE that most significantly impact the VIE’s economic performance, and (2) through our retained interests, we have the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. The Company considers its variable interests, as well as any variable interests of its related parties in making this determination. The majority of the operations of the VIE are funded with cash flows generated from the loans within the VIE. Assets held by the VIE can be used only to settle obligations of the VIE. The liabilities of the VIE are non-recourse to us and can only be satisfied from the assets of the VIE. We are not obligated to provide, have not provided, and do not intend to provide material financial support to the consolidated VIE.
The consolidation of the CLO Issuer results in an increase in our gross assets, liabilities, revenues and expenses, however the impact to our equity and net income are equivalent to our net retained economic interests in the VIE. During the three months ended March 31, 2026, we recorded $14.7 million of interest expense related to the CLO Issuer.

The following table details the assets and liabilities of the CLO Issuer:
$ in thousands March 31, 2026
Assets:
Restricted cash $ 150
Commercial real estate loan investments, at fair value 1,187,520
Interest receivable 3,672
Other assets 36,992
Total assets $ 1,228,334
Liabilities:
Collateralized loan obligations, at fair value $ 1,004,858
Interest payable 2,029
Total liabilities $ 1,006,887

X

- References
No definition available.
+ Details

Name: us-gaap_TransfersAndServicingAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480591/815-20-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)(7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-4

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-3

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)(4)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)(5)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/860/tableOfContent

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-3

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (cc)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)(5)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4D
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4D

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-7

Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-4
+ Details

Name: us-gaap_TransfersAndServicingOfFinancialAssetsTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 27 R14.htm IDEA: XBRL DOCUMENT v3.26.1

Derivatives and Hedging Activities
3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives and Hedging Activities Derivatives and Hedging Activities
Currency Forward Contracts
We enter into currency forward contracts to help mitigate the impact of changes in foreign currency exchange rates on our investments and financing transactions denominated in currencies other than the U.S. dollar. Despite being economic hedges, we have elected not to treat our foreign currency forwards as hedges for accounting purposes and, therefore, the realized and unrealized gains and losses associated with such instruments are included in gain (loss) on derivative instruments, net in our condensed consolidated statements of comprehensive income. Gain (loss) on foreign currency transactions, net reflects the net financial impact resulting from changes in exchange rates between the time we enter into foreign currency transactions and when they are settled.
The following table illustrates the realized and unrealized foreign exchange impact recognized in the condensed consolidated statements of comprehensive income in the three months ended March 31, 2026 and 2025, of our loans and secured financing arrangements as well as the offsetting gain (loss) on derivative instruments in the periods:
$ in thousands Three Months Ended March 31, 2026 Three Months Ended March 31, 2025
Unrealized foreign exchange gain (loss) on loans $ (15,628) $ 10,824
Unrealized foreign exchange gain (loss) on secured financing facilities 9,899 (8,669)
Gain (loss) on foreign currency transactions, net (466) 9
Gain (loss) on derivative instruments, net 6,259 (2,180)
Net impact of hedged foreign exchange $ 64 $ (16)
The following tables summarize changes in the notional amount of our currency forward contracts during the three months ended March 31, 2026 and 2025:
Local Currency
In thousands
Notional Amount as of December 31, 2025
Additions Settlement,
Termination,
Expiration
or Exercise Notional Amount as of March 31, 2026
Notional Amount as of March 31, 2026
Buy USD / Sell EUR Forward € 49,889 € 14,404 € (14,491) € 49,802 $ 57,482
Buy USD / Sell GBP Forward £ 50,631 £ 169,424 £ (129,467) £ 90,588 $ 122,163
Buy EUR / Sell USD Forward € — € 14,491 € (14,491) € — $ —
Buy GBP / Sell USD Forward £ — £ 130,049 £ (129,467) £ 582 $ 785
Local Currency
In thousands
Notional Amount as of December 31, 2024
Additions Settlement,
Termination,
Expiration
or Exercise Notional Amount as of March 31, 2025
Notional Amount as of March 31, 2025
Buy USD / Sell EUR Forward € 39,474 € — € (877) € 38,597 $ 43,821
Buy USD / Sell GBP Forward £ 19,417 £ — £ (506) £ 18,911 $ 24,978
The table below presents the fair value of our currency forward contracts, as well as their classification on the condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025:
$ in thousands Fair Value as of
March 31, 2026 December 31, 2025
Derivative Assets $ 3,134 $ 615
Derivative Liabilities $ 838 $ 1,992
The following tables summarize the effect of currency forward contracts reported in gain (loss) on derivative instruments, net on the condensed consolidated statements of comprehensive income for the three months ended March 31, 2026 and 2025:
$ in thousands Three Months Ended March 31, 2026
Derivatives not designated as hedging instruments Realized gain (loss) on derivative instruments, net Unrealized gain (loss), net Gain (loss) on derivative instruments, net
Currency Forward Contracts $ 2,586 $ 3,673 $ 6,259
$ in thousands Three Months Ended March 31, 2025
Derivatives not designated as hedging instruments Realized gain (loss) on derivative instruments, net Unrealized gain (loss), net Gain (loss) on derivative instruments, net
Currency Forward Contracts $ 117 $ (2,297) $ (2,180)

X

- References
No definition available.
+ Details

Name: us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 185
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-185

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 184
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-184

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 181
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-181

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(5)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4H
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4H
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 15
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480960/815-15-50-3

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 183
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-183

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4I
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4I

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4F
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4F

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/815/tableOfContent

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-5

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-5C
+ Details

Name: us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 28 R15.htm IDEA: XBRL DOCUMENT v3.26.1

Fair Value of Financial Instruments
3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments Fair Value of Financial Instruments
A three-level valuation hierarchy exists for disclosure of fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect our market assumptions. The three levels are defined as follows:
Level 1 — quoted prices are available in active markets for identical investments as of the measurement date. We do not adjust the quoted price for these investments.
Level 2 — quoted prices are available in markets that are not active or model inputs are based on inputs that are either directly or indirectly observable as of the measurement date.
Level 3 — pricing inputs are unobservable and include instances where there is minimal, if any, market activity for the investment. These inputs require significant judgment or estimation by management or third parties when determining fair value and generally represent anything that does not meet the criteria of Levels 1 and 2. Due to the inherent uncertainty of these estimates, these values may differ materially from the values that would have been used had a ready market for these investments existed.
Valuation of Financial Instruments Measured at Fair Value
The following tables detail our financial instruments measured at fair value on a recurring basis:
As of March 31, 2026
Fair Value Measurements Using:
$ in thousands Level 1 Level 2 Level 3 Total at Fair Value
Assets:
Commercial real estate loan investments $ — $ — $ 5,200,218 $ 5,200,218
Real estate-related securities — 17,222 — 17,222
Derivative assets — 3,134 — 3,134
Total assets $ — $ 20,356 $ 5,200,218 $ 5,220,574
Liabilities:
Secured lending agreements $ — $ — $ 2,820,938 $ 2,820,938
Term lending agreements — — 223,397 223,397
Revolving credit facility — — 16,000 16,000
Collateralized loan obligations — 1,004,858 — 1,004,858
Derivative liabilities — 838 — 838
Total liabilities $ — $ 1,005,696 $ 3,060,335 $ 4,066,031
As of December 31, 2025
Fair Value Measurements Using:
$ in thousands Level 1 Level 2 Level 3 Total at Fair Value
Assets:
Commercial real estate loan investments $ — $ — $ 4,702,728 $ 4,702,728
Real estate-related securities — 14,818 — 14,818
Derivative assets — 615 — 615
Total assets $ — $ 15,433 $ 4,702,728 $ 4,718,161
Liabilities:
Secured lending agreements $ — $ — $ 2,359,543 $ 2,359,543
Term lending agreements — — 223,033 223,033
Revolving credit facility — — 55,000 55,000
Collateralized loan obligations — 1,005,157 — 1,005,157
Derivative liabilities — 1,992 — 1,992
Total liabilities $ — $ 1,007,149 $ 2,637,576 $ 3,644,725
Valuation of Commercial Real Estate Loan Investments
The following table shows a reconciliation of the beginning and ending fair value measurements of our commercial real estate loan investments classified as Level 3:
$ in thousands Three Months Ended March 31, 2026
Beginning Balance $ 4,702,728
Loan originations and fundings 595,601
Loan principal payments (81,880)
Net unrealized gain (loss) (602)
Foreign currency adjustments (15,629)
Ending Balance $ 5,200,218
The fair value of collateralized financing assets are measured using the more observable fair value of the collateralized liabilities. See Note 2 — “Summary of Significant Accounting Policies.”
The following tables summarize the significant unobservable inputs supporting the fair value measurement of our investments in commercial loans:
$ in thousands March 31, 2026
Type
Fair Value(2)
Valuation Technique Unobservable Input
Weighted Average Rate(2)
Range
Weighted Average Life (years)(1)(2)
Commercial loans $ 4,093,348 Discounted cash flow Discount rate 6.23%
5.15% - 11.32%
0.25

(1)Based on expected cash flows and potential prepayments.
(2)Includes $4.0 billion of loans held outside of the CLO and $80.7 million of loans held by the consolidated CLO. Loans of $1.1 billion held by the CLO are valued using the more observable fair value of the notes issued by the CLO. However, because the Company’s $80.7 million of retained income notes issued by the CLO are valued using a discounted cash flow model, we are required to classify all loans held by the CLO as Level 3 based on the lowest-level input used in the valuation. Weighted average rate and weighted average life include the Company’s loans held outside the CLO and retained income notes issued by the CLO.
$ in thousands December 31, 2025
Type
Fair Value(2)
Valuation Technique Unobservable Input
Weighted Average Rate(2)
Range
Weighted Average Life (years)(1)(2)
Commercial loans $ 3,558,722 Discounted cash flow Discount rate 6.36%
5.14% - 11.44%
0.31
(1)Based on expected cash flows and potential prepayments.
(2)Includes $3.5 billion of loans held outside of the CLO and $80.7 million of loans held by the consolidated CLO. Loans of $1.1 billion held by the CLO are valued using the more observable fair value of the notes issued by the CLO. However, because the Company’s $80.7 million of retained income notes issued by the CLO are valued using a discounted cash flow model, we are required to classify all loans held by the CLO as Level 3 based on the lowest-level input used in the valuation. Weighted average rate and weighted average life include the Company’s loans held outside the CLO and retained income notes issued by the CLO.
The discount rate above is subject to change based on changes in economic and market conditions, in addition to changes in the underlying economics of the arrangement, such as changes in the underlying property valuation and debt service. These rates are also based on the location, type and nature of each underlying property and related industry publications. Changes in discount rates result in increases or decreases in the fair values of these investments. The discount rate encompasses, among other things, uncertainties in the valuation models with respect to the amount and timing of cash flows. It is not possible for us to predict the effect of future economic or market conditions based on our estimated fair values.
Valuation of Revolving Credit Facility
Given the uncertainty of future cash flows and our ability to prepay without penalty, we determined the fair value of our revolving credit facility to approximate par.
The following table shows a reconciliation of the beginning and ending fair value measurements of our revolving credit facility:
$ in thousands Three Months Ended March 31, 2026
Beginning Balance $ 55,000
Proceeds from revolving credit facility 220,000
Repayment of revolving credit facility (259,000)
Net unrealized (gain) loss —
Ending Balance $ 16,000
Valuation of Secured Financing Facilities
We have entered into secured financing facilities to provide floating rate financing for our commercial real estate loan investments. Our secured financing facilities are carried at fair value based on significant unobservable inputs and are classified as Level 3. The following table shows a reconciliation of the beginning and ending fair value measurements of our secured financing facilities:
Three Months Ended March 31, 2026
$ in thousands Secured Lending Agreements Term Lending Agreements Total
Beginning Balance $ 2,359,543 $ 223,033 $ 2,582,576
Proceeds from secured financing facilities 506,127 370 506,497
Repayments of secured financing facilities (34,596) — (34,596)
Net unrealized (gain) loss (237) (6) (243)
Unrealized foreign currency (gain) loss (9,899) — (9,899)
Ending Balance $ 2,820,938 $ 223,397 $ 3,044,335
The following tables summarize the significant unobservable inputs used in the fair value measurement of our secured financing facilities:
March 31, 2026
Type Valuation Technique Unobservable Input Weighted Average Rate Range
Weighted Average Life (years)(1)
Secured financing facilities Discounted cash flow Discount rate 5.18%
4.13% - 5.92%
0.22
December 31, 2025
Type Valuation Technique Unobservable Input Weighted Average Rate Range
Weighted Average Life (years)(1)
Secured financing facilities Discounted cash flow Discount rate 5.29%
4.12% - 6.04%
0.28

(1)Based on expected cash flows and potential prepayments.
The discount rate above is subject to change based on changes in economic and market conditions, in addition to changes in the underlying economics of the pledged commercial real estate loan, such as changes in the loan-to-value ratio, credit profile and debt service. These rates are also based on the location, type and nature of each pledged property underlying the commercial real estate loan and related industry publications. Changes in discount rates result in increases or decreases in the fair values of these investments. The discount rate encompasses, among other things, uncertainties in the valuation models with respect to the amount and timing of cash flows. It is not possible for us to predict the effect of future economic or market conditions based on our estimated fair values.

X

- References
No definition available.
+ Details

Name: us-gaap_FairValueDisclosuresAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1
+ Details

Name: us-gaap_FairValueDisclosuresTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 29 R16.htm IDEA: XBRL DOCUMENT v3.26.1

Accounts Payable, Accrued Expenses and Other Liabilities
3 Months Ended

Mar. 31, 2026

Payables and Accruals [Abstract]

Accounts Payable, Accrued Expenses and Other Liabilities Accounts Payable, Accrued Expenses and Other Liabilities
The following table details the components of accounts payable, accrued expenses and other liabilities as of March 31, 2026 and December 31, 2025:
$ in thousands March 31, 2026 December 31, 2025
Accounts payable and accrued expenses $ 5,098 $ 1,828
Subscriptions paid in advance (1)
32,095 27,886
Accrued common stock repurchases 6,244 905
Other liabilities 1,953 907
Total $ 45,390 $ 31,526

(1)Represents subscriptions received by our transfer agent prior to the date the subscriptions are effective.

X

- Definition
The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 720
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483384/720-30-45-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details

Name: us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_PayablesAndAccrualsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 30 R17.htm IDEA: XBRL DOCUMENT v3.26.1

Related Party Transactions
3 Months Ended

Mar. 31, 2026

Related Party Transactions [Abstract]

Related Party Transactions Related Party Transactions
Due to Affiliates
The following table details the components of due to affiliates as of March 31, 2026 and December 31, 2025:
$ in thousands March 31, 2026 December 31, 2025
Advanced organizational, offering and operating expenses $ 10,034 $ 10,870
Reimbursable operating expenses 2,543 2,845
Adviser commitment fee payable 1,463 4,019
Stockholder servicing fees 24,701 22,723
Management fees 2,218 1,990
Performance fees 1,586 4,814
Total $ 42,545 $ 47,261
Advanced Organizational, Offering and Operating Expenses
Under the terms of our Amended and Restated Advisory Agreement (“Advisory Agreement”), the Adviser advanced all of our organizational, offering and operating expenses (other than upfront selling commissions and ongoing stockholder servicing fees) incurred through May 31, 2024. Starting in December 2024, we began reimbursing the Adviser for these costs ratably over 52 months. As of March 31, 2026, we owe the Adviser approximately $10.0 million (December 31, 2025: $10.9 million) for the remaining outstanding balance of the expenses advanced by the Adviser under this arrangement.
Reimbursable Operating Expenses
Operating expenses incurred by the Adviser on our behalf after May 31, 2024 are reimbursed quarterly to the Adviser, and the balance outstanding as of March 31, 2026 and December 31, 2025 is listed in the above table as “Reimbursable operating expenses.”
Starting with the quarter ended June 30, 2025, we may not reimburse the Adviser at the end of any fiscal quarter for Total Operating Expenses (as defined in the Advisory Agreement) that exceed the greater of 2% of average invested assets or 25% of net income determined without reduction for any non-cash reserves and excluding any gain from the sale of our assets for that period (the “2%/25% Guidelines”) for the four consecutive fiscal quarters then ended. We may reimburse the Adviser for operating expenses in excess of the 2%/25% Guidelines if a majority of our independent directors determines that such excess expenses are justified based on unusual and non-recurring factors. Operating expenses for the four consecutive fiscal quarters ended March 31, 2026 did not exceed the 2%/25% Guidelines.
Adviser Commitment Fee Payable
Borrowers pay a commitment fee in connection with the origination of each new loan. The commitment fee is calculated as a percentage of the whole loan on a fully-funded basis, as determined by the Adviser at the time of origination. We pay the Adviser 50% (not to exceed 0.5% of the whole loan on a fully funded basis) of any commitment fee charged to borrowers in connection with each new loan as compensation for sourcing, structuring and negotiating the loan. The Adviser elected to irrevocably waive half of the commitment fees payable to the Adviser in connection with each new loan originated during the period commencing January 1, 2026 through December 31, 2026. The commitment fee income and related expense to the Adviser is reported as commitment fee income, net of related party expense on the condensed consolidated statements of comprehensive income.
Stockholder Servicing Fees and Other Selling Commissions
Invesco Distributors, Inc. (the “Dealer Manager”) is entitled to receive upfront selling commissions and stockholder servicing fees for Class S, Class S-1, Class D and Class D-1 shares sold in the Continuous Offering. The Dealer Manager reallows (pays) all or a portion of the stockholder servicing fees to participating broker-dealers and servicing broker-dealers for ongoing stockholder services performed by such broker-dealers and will waive stockholder servicing fees to the extent a broker-dealer is not eligible to receive it for failure to provide such service.
We accrue the full amount of stockholder servicing fees payable as an offering cost at the time each Class S, Class S-1, Class D and Class D-1 share is sold during the Continuous Offering.
The following table summarizes stockholder servicing fees paid for the three months ended March 31, 2026 and 2025:
$ in thousands Class S
Shares Class S-1 Shares Class D
Shares Class D-1 Shares
For the three months ended March 31, 2026 $ 13 $ 1,099 $ — $ 1
For the three months ended March 31, 2025 $ — $ 435 $ — $ —
The following table summarizes the upfront selling commissions for each class of shares payable at the time of subscription and the stockholder servicing fee we pay the Dealer Manager on an annualized basis as a percentage of the NAV for such class:
Class S
Shares Class S-1 Shares Class D
Shares Class D -1
Shares Class I
Shares Class E
Shares Class F
Shares
Maximum Upfront Selling Commissions
(% of Transaction Price)
up to 3.5%
up to 3.5%
up to 1.5%
up to 1.5%
— — —
Stockholder Servicing Fee
(% of NAV) 0.85% 0.85% 0.25% 0.25% — — —
We will cease paying the stockholder servicing fee with respect to any Class S or Class D share held in a stockholder’s account at the end of the month in which the Dealer Manager, in conjunction with the transfer agent, determines that total upfront selling commissions and stockholder servicing fees paid with respect to the shares held by the stockholder within such account would exceed, in the aggregate, 8.75% of the gross proceeds (7.75% for clients of certain participating broker dealers) from the sale of such shares (including the gross proceeds of any shares issued under our distribution reinvestment plan upon the reinvestment of distributions paid with respect thereto or with respect to any shares issued under our distribution reinvestment plan). At the end of such month, such Class S or Class D share will convert into a number of Class I shares (including any fractional shares), with an equivalent aggregate NAV as such share. Such servicing fee limit does not apply to Class S-1 and Class D-1 shares.
Management Fee and Performance Fee
Under the terms of our Advisory Agreement, we pay the Adviser a management fee equal to 1.0% per annum of NAV, calculated monthly before giving effect to any accruals for the management fee, stockholder servicing fees, performance fees or any distributions, with respect to our Class S, Class S-1, Class D, Class D-1 and Class I shares. We also pay the Adviser a performance fee equal to 10% of our “Performance Fee Income” with respect to our Class S, Class S-1, Class D, Class D-1 and Class I shares.
We do not pay the Adviser a management fee with respect to our Class F shares. We will pay the Adviser a performance fee with respect to the Class F shares. The Class F performance fee payable with respect to each calendar year will be an amount equal to 10% of the excess of Performance Fee Income allocable to Class F shares over a 6% annualized return on the Class F NAV per share. No performance fee is payable if the Performance Fee Income allocable to Class F is below the annualized 6% return in any calendar year or for a rolling two-year period.
We do not pay the Adviser a management or performance fee with respect to our Class E shares.
Performance Fee Income with respect to each class of common shares subject to a performance fee means the net income (determined in accordance with GAAP) allocable to such class of common shares subject to adjustment as defined under the terms of our Advisory Agreement. During the period that the Adviser advanced our organizational, offering and operating expenses, net income for purposes of the performance fee calculation excluded these advanced expenses. After the period that the Adviser advanced our organizational, offering and operating expenses, net income for purposes of the performance fee calculation includes previously advanced expenses that are to be repaid to the Adviser during the period. We will not pay the Adviser a performance fee with respect to any class of shares that has a negative total return per share for the calendar year, and the Advisory Agreement does not prohibit the Adviser from entering into economic or other arrangements with other persons. For purposes of the performance fee calculation, total return per share is defined as an amount equal to: (i) the cumulative distributions per share accrued with respect to such class of common shares since the beginning of the calendar year plus (ii) the change in NAV per share of such class of common shares since the beginning of the calendar year, prior to giving effect to (y) any accrual for performance fees with respect to such class of common shares or (z) any applicable stockholder servicing fees.
The management fee and the performance fee are payable in cash or Class E shares at the option of the Adviser. Management fees and performance fees began to accrue on March 1, 2024. Management fees are accrued monthly and paid quarterly in arrears and performance fees are paid annually. During the three months ended March 31, 2026, we incurred management fees of $2.2 million, of which $2.2 million is accrued as a component of due to affiliates on our condensed consolidated balance sheets as of March 31, 2026. During the three months ended March 31, 2026, we incurred performance fees of $1.6 million, of which $1.6 million is accrued as a component of due to affiliates on our condensed consolidated balance sheets as of March 31, 2026. During the three months ended March 31, 2026, we issued 77,219 Class E Redeemable Common Stock shares as payment for the management fees earned. During the three months ended March 31, 2026, we issued 186,805 Class E Redeemable Common Stock shares as payment for the performance fees earned. The shares issued to the Adviser for payment of the management fee and performance fee were issued at the applicable NAV per share at the end of each quarter for which the fees were earned.
The current term of our Advisory Agreement expires on March 31, 2027. The Advisory Agreement is subject to automatic renewals for successive one-year periods unless otherwise terminated in accordance with the provisions of the agreement. If the Advisory Agreement is terminated, the Adviser will be entitled to receive its prorated management fee and performance fee owed through the date of termination. If we elect not to renew our Advisory Agreement based on unsatisfactory performance and not for cause, we owe our Adviser a termination fee equal to three times the sum of our average annual management fee during the 24-month period before termination, calculated as of the end of the most recently completed fiscal quarter.
Our Adviser is subject to the supervision and oversight of our board of directors and has only such functions and authority as we delegate to it. The Adviser and its affiliates provide us with our management team, including our officers and appropriate support personnel. Each of our officers is an employee of the Adviser or one of its affiliates. We do not have any employees. We incurred $0.7 million of costs for support personnel provided by the Adviser for the three months ended March 31, 2026 that are recorded as a component of due to affiliates on our condensed consolidated balance sheets and as general and administrative expenses on our condensed consolidated statements of comprehensive income. During the three months ended March 31, 2025, we incurred $0.6 million of costs for support personnel provided by the Adviser.
The Adviser serves as Collateral Manager to the Company’s consolidated CLO and has waived any and all fees payable to the Adviser or any of its affiliates for this service for so long as it or any of its affiliates acts as the Collateral Manager and as manager of the Operating Partnership.
Related Party Share Ownership
The tables below summarize the number of shares and the total purchase price of the shares owned by affiliates as of March 31, 2026 and December 31, 2025:
March 31, 2026
$ in thousands, except share amounts Class S Shares Class S-1 Shares Class D Shares Class D-1 Shares Class I Shares Class E Shares Class F Shares Total Purchase Price
Invesco Realty, Inc.(1)
1,196,923 — 1,197,628 — 1,194,434 1,189,256 — $ 120,000
Invesco Advisers, Inc.(2)
— — — — — 423,807 — 10,851
Members of our board of directors (3)
— — — — — 26,474 — 683
Total 1,196,923 — 1,197,628 — 1,194,434 1,639,537 — $ 131,534
December 31, 2025
$ in thousands, except share amounts Class S Shares Class S-1 Shares Class D Shares Class D-1 Shares Class I Shares Class E Shares Class F Shares Total Purchase Price
Invesco Realty, Inc.(1)
1,196,923 — 1,197,628 — 1,194,434 1,189,255 — $ 120,000
Invesco Advisers, Inc.(2)
— — — — — 270,269 — 6,895
Members of our board of directors (3)
— — — — — 26,248 — 675
Total 1,196,923 — 1,197,628 — 1,194,434 1,485,772 — $ 127,570
(1)Shares issued to Invesco Realty, Inc. are governed by the terms of the Invesco Subscription Agreement and classified as redeemable common shares on our condensed consolidated balance sheets. See Note 11 — “Redeemable Common Stock - Related Party” for further information.
(2)Shares issued to Invesco Advisers, Inc. are governed by the terms of our Advisory Agreement and classified as redeemable common shares on our condensed consolidated balance sheets. See Note 11 — “Redeemable Common Stock - Related Party” for further information.
(3)Represents shares issued to members of our board of directors, including stock awards under our share-based compensation plan. Total Purchase Price for stock awards issued under our share-based compensation plan represents the value of shares issued as equity compensation.

X

- References
No definition available.
+ Details

Name: us-gaap_RelatedPartyTransactionsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1
+ Details

Name: us-gaap_RelatedPartyTransactionsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 31 R18.htm IDEA: XBRL DOCUMENT v3.26.1

Redeemable Common Stock - Related Party
3 Months Ended

Mar. 31, 2026

Temporary Equity Disclosure [Abstract]

Redeemable Common Stock - Related Party Redeemable Common Stock - Related Party
Invesco Realty, Inc. (“Invesco Realty”), an affiliate of Invesco, has committed to purchase up to $300.0 million in shares of our common stock (the “Invesco Subscription Agreement”). Invesco Realty has committed to purchase $150.0 million in capital under the Invesco Subscription Agreement in one or more closings through March 23, 2028. We may also call up to $150.0 million in additional capital (for a total of $300.0 million) if needed to avoid triggering any concentration limit imposed by a third party in connection with its distribution or placement of our shares or for purposes of repaying indebtedness drawn on the revolving credit facility. As of March 31, 2026, we had called $120.0 million of the total $300.0 million. The remaining uncalled amount serves as collateral for the revolving credit facility.
Invesco Realty may not submit its shares for repurchase under the share repurchase plan described in Note 12 — “Equity” until the earlier of March 23, 2028 and the date that our aggregate NAV is at least $1.5 billion. We can only accept a repurchase request from Invesco Realty after all requests from unaffiliated stockholders have been fulfilled. We may elect to repurchase all or any portion of the shares acquired by Invesco Realty at any time at a per share price equal to the most recently determined NAV per share for each class (or another transaction price we believe reflects the NAV per share more appropriately than the prior month’s NAV per share). The Adviser or its affiliate must continue to hold at least $200,000 in shares for so long as Invesco or any affiliate thereof serves as our external adviser.
As discussed in Note 10 — “Related Party Transactions”, our management and performance fees are payable in cash or Class E shares at the option of the Adviser. Because the Adviser may elect to have the Company repurchase shares issued as payment for management fees or performance fees, we classify these shares as redeemable common stock. Class E shares issued to the Adviser as payment for management or performance fees are not subject to the repurchase limits of the Company’s share repurchase plan described in Note 12 — “Equity,” any lockup period applicable to the Adviser, or any reduction penalty for an early repurchase. The Adviser also has the option to exchange Class E shares issued as payment for management or performance fees for Class S, Class S-1, Class D, Class D-1, Class F, or Class I shares. During the three months ended March 31, 2026, we issued 77,219 and 186,805 Class E shares to the Adviser as payment for management fees and performance fees payable as of December 31, 2025, respectively.
The following tables summarize the changes in redeemable common stock for the three months ended March 31, 2026 and 2025:
$ in thousands Class S Redeemable Common Stock Class D Redeemable Common Stock Class I Redeemable Common Stock Class E Redeemable Common Stock Total Redeemable Common Stock
Balance as of December 31, 2025 $ 30,027 $ 30,027 $ 30,023 $ 37,614 $ 127,691
Issuance of redeemable common stock — — — 6,804 6,804
Repurchase of redeemable common stock — — — (2,848) (2,848)
Adjustment to carrying value of redeemable common stock — — — 100 100
Balance as of March 31, 2026 $ 30,027 $ 30,027 $ 30,023 $ 41,670 $ 131,747
$ in thousands Class S Redeemable Common Shares Class D Redeemable Common Shares Class I Redeemable Common Shares Class E Redeemable Common Shares Total Redeemable Common Stock
Balance as of December 31, 2024 $ 37,554 $ 37,554 $ 37,565 $ 38,694 $ 151,367
Issuance of redeemable common stock — — — 2,814 2,814
Repurchase of redeemable common stock (7,500) (7,500) (7,500) (7,500) (30,000)
Adjustment to carrying value of redeemable common stock (4) (5) (1) 170 160
Balance as of March 31, 2025 $ 30,050 $ 30,049 $ 30,064 $ 34,178 $ 124,341
The following tables summarize the changes in our outstanding shares of redeemable common stock shares for the three months ended March 31, 2026 and 2025:
Class S Redeemable Common
Shares Class D Redeemable Common
Shares Class I Redeemable Common
Shares Class E Redeemable Common
Shares Total Redeemable Common Stock
Outstanding Shares as of December 31, 2025 1,196,923 1,197,628 1,194,434 1,459,524 5,048,509
Issuance of redeemable common stock — — — 264,024 264,024
Repurchase of redeemable common stock — — — (110,485) (110,485)
Outstanding Shares as of March 31, 2026 1,196,923 1,197,628 1,194,434 1,613,063 5,202,048
Class S Redeemable Common Shares Class D Redeemable Common Shares Class I Redeemable Common Shares Class E Redeemable Common Shares Total Redeemable Common Stock
Outstanding Shares as of December 31, 2024 1,496,143 1,497,041 1,492,906 1,519,133 6,005,223
Issuance of redeemable common stock — — — 110,485 110,485
Repurchase of redeemable common stock (299,220) (299,413) (298,472) (293,940) (1,191,045)
Outstanding Shares as of March 31, 2025 1,196,923 1,197,628 1,194,434 1,335,678 4,924,663
Equity
Stapled Unit Offerings of Preferred and Common Stock
On January 31, 2025, we redeemed all 111 Stapled Units and 117 New Stapled Units issued and outstanding. Each Stapled Unit consists of one share of 12.5% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”), one Class S Share, one Class D Share and one Class I Share. Each New Stapled Unit consists of one share of Series A Preferred Stock and one Class S-1 Share. The cash redemption price for each share of stapled common stock was the NAV per share for the applicable share class as of December 31, 2024. Through the redemption of all Stapled Units and New Stapled Units, we redeemed all 228 issued and outstanding shares of our Series A Preferred Stock for approximately $232,000, plus accrued and unpaid dividends. The cash redemption price for each share of Series A Preferred Stock was $1,000. The excess of the consideration transferred over carrying value was accounted for as a deemed dividend and resulted in a reduction of approximately $27,000 in net income (loss) attributable to common stockholders for the three months ended March 31, 2025. Prior to redemption, holders of our Series A Preferred Stock were entitled to receive dividends at an annual rate of 12.5% of the liquidation preference of $1,000 per share or $125.00 per share per annum.
Common Stock
The following table summarizes changes in our outstanding shares of common stock for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31, 2026
Class S
Shares Class S-1 Shares Class D
Shares Class D-1
Shares Class I
Shares Class E
Shares Class F Shares Total
Balance at December 31, 2025 1,416,104 20,330,131 1,208,568 — 9,702,409 1,631,350 8,880,172 43,168,734
Issuance of common stock 91,980 2,346,272 — 120,452 2,436,888 388 — 4,995,980
Common stock distribution reinvestment 1,514 253,222 212 752 94,842 2,051 165,637 518,230
Issuance of redeemable common shares(1)
— — — — — 264,024 — 264,024
Repurchase of common stock — (363,564) — — (410,594) — — (774,158)
Repurchase of redeemable common stock — — — — — (110,485) — (110,485)
Balance at March 31, 2026 1,509,598 22,566,061 1,208,780 121,204 11,823,545 1,787,328 9,045,809 48,062,325
Three Months Ended March 31, 2025
Class S
Shares Class S-1 Shares Class D
Shares Class D-1
Shares Class I
Shares Class E
Shares Class F Shares Total
Balance at December 31, 2024 1,502,214 7,226,062 1,499,147 — 4,171,608 1,635,105 8,218,258 24,252,394
Issuance of common stock 3,969 3,261,421 8,211 — 1,088,268 8,244 — 4,370,113
Common stock distribution reinvestment — 98,095 99 — 36,810 1,370 161,371 297,745
Issuance of redeemable common shares(1)
— — — — — 110,485 — 110,485
Repurchase of common stock (111) (21,833) (111) — (8,678) — — (30,733)
Repurchase of redeemable common stock (299,220) — (299,413) — (298,472) (293,940) — (1,191,045)
Balance at March 31, 2025 1,206,852 10,563,745 1,207,933 — 4,989,536 1,461,264 8,379,629 27,808,959
(1)Consists of shares issued to an Invesco affiliate for the payment of management fees and performance fees that are classified as redeemable common stock. See Note 11 — “Redeemable Common Stock - Related Party”.
Distributions
We are generally required to distribute at least 90% of our taxable income to our stockholders each year to comply with the REIT provisions of the Internal Revenue Code. Taxable income does not necessarily equal net income as calculated in accordance with GAAP.
For the three months ended March 31, 2026, we declared distributions of $21.1 million. We accrued $7.3 million for distributions payable, of which $0.8 million was accrued for distributions payable to related parties, in our condensed consolidated balance sheet as of March 31, 2026. For the three months ended March 31, 2025, we declared distributions of
$12.9 million. We accrued $4.3 million for distributions payable, of which $0.8 million was accrued for distributions payable to related parties, in our condensed consolidated balance sheet as of March 31, 2025.
The following tables detail the aggregate distributions declared per share for each applicable class of stock for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31, 2026
Class S
Shares Class S-1
Shares Class D
Shares Class D-1
Shares Class I
Shares Class E
Shares Class F
Shares
Aggregate distribution declared per share $ 0.4800 $ 0.4800 $ 0.4800 $ 0.3200 $ 0.4800 $ 0.4800 $ 0.4800
Stockholder servicing fee per share (0.0099) (0.0524) (0.0001) (0.0101) — — —
Net distribution declared per share $ 0.4701 $ 0.4276 $ 0.4799 $ 0.3099 $ 0.4800 $ 0.4800 $ 0.4800
Three Months Ended March 31, 2025
Class S
Shares Class S-1
Shares Class D
Shares Class D-1
Shares Class I
Shares Class E
Shares
Class F
Shares(3)
Aggregate distribution declared per share $ 0.5000 $ 0.5000 $ 0.5000 — $ 0.5000 $ 0.5000 $ 0.5000
Stockholder servicing fee per share (0.0003) (0.0528) — — — — —
Net distribution declared per share $ 0.4997 $ 0.4472 $ 0.5000 $ — $ 0.5000 $ 0.5000 $ 0.5000
Share Repurchase Plan
We have adopted a share repurchase plan for our common stock. On a monthly basis, our stockholders may request that we repurchase all or any portion of their shares. We may choose, in our discretion, to repurchase all, some or none of the shares that have been requested to be repurchased at the end of any month, subject to any limitations in the share repurchase plan.
Class F stockholders may not participate in our share repurchase plan until the earlier of March 23, 2028 and the date our NAV reaches $1.5 billion. However, Class F stockholders are entitled to request that we repurchase their shares in the event that there is a Key Person Event or a Material Strategy Change, as such terms are defined in the Class F subscription agreement.
During the three months ended March 31, 2026, we fulfilled all requests under the share repurchase plan and repurchased 774,158 shares of common stock for $19.3 million. For the three months ended March 31, 2025, we repurchased 30,733 shares of common stock for $0.8 million and fulfilled all repurchase requests that were made under the share repurchase plan.
Distribution Reinvestment Plan
We have adopted a distribution reinvestment plan (“DRP”) whereby common stockholders will have their cash distributions automatically reinvested in additional shares of common stock unless they elect to receive their distributions in cash. The per share purchase price for shares purchased (including fractional shares) under the distribution reinvestment plan is equal to the transaction price at the time the distribution is payable.
Share-Based Compensation Plan
For the three months ended March 31, 2026 and 2025, we recognized compensation expense of $62,000 and $19,000, respectively, related to restricted shares of Class E common stock awarded to independent members of our board of directors under the terms of our 2023 Equity Incentive Plan (the “Incentive Plan”). As of March 31, 2026 and 2025, we had 1,083,889 and 1,093,671 shares of common stock available for future issuance under the Incentive Plan, respectively.
Noncontrolling Interest in Subsidiary
On January 29, 2026, a subsidiary issued 125 shares of 12.0% Series A Preferred Stock, par value $0.01 per share, with an aggregate liquidation preference of $1,000. The Series A preferred stock ranks senior to the Company’s interest in our subsidiary with respect to dividend rights and rights upon liquidation, dissolution and other considerations. The Series A Preferred Stock has no maturity date and will remain outstanding unless redeemed. The Series A Preferred Stock may be redeemed by the Company in whole or in part at any time; however, a redemption premium will also be required if redeemed on or before December 31, 2027. Upon consolidation, the issued and outstanding preferred share interest is shown as Non-controlling interest on our condensed consolidated balance sheets as of March 31, 2026 and net income (loss) is reflected as Net
income (loss) attributable to non-controlling interest in our condensed consolidated statement of comprehensive income during the three months ended March 31, 2026.

X

- Definition
The entire disclosure for equity.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18
+ Details

Name: us-gaap_StockholdersEquityNoteDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_TemporaryEquityDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 32 R19.htm IDEA: XBRL DOCUMENT v3.26.1

Equity
3 Months Ended

Mar. 31, 2026

Equity [Abstract]

Equity Redeemable Common Stock - Related Party
Invesco Realty, Inc. (“Invesco Realty”), an affiliate of Invesco, has committed to purchase up to $300.0 million in shares of our common stock (the “Invesco Subscription Agreement”). Invesco Realty has committed to purchase $150.0 million in capital under the Invesco Subscription Agreement in one or more closings through March 23, 2028. We may also call up to $150.0 million in additional capital (for a total of $300.0 million) if needed to avoid triggering any concentration limit imposed by a third party in connection with its distribution or placement of our shares or for purposes of repaying indebtedness drawn on the revolving credit facility. As of March 31, 2026, we had called $120.0 million of the total $300.0 million. The remaining uncalled amount serves as collateral for the revolving credit facility.
Invesco Realty may not submit its shares for repurchase under the share repurchase plan described in Note 12 — “Equity” until the earlier of March 23, 2028 and the date that our aggregate NAV is at least $1.5 billion. We can only accept a repurchase request from Invesco Realty after all requests from unaffiliated stockholders have been fulfilled. We may elect to repurchase all or any portion of the shares acquired by Invesco Realty at any time at a per share price equal to the most recently determined NAV per share for each class (or another transaction price we believe reflects the NAV per share more appropriately than the prior month’s NAV per share). The Adviser or its affiliate must continue to hold at least $200,000 in shares for so long as Invesco or any affiliate thereof serves as our external adviser.
As discussed in Note 10 — “Related Party Transactions”, our management and performance fees are payable in cash or Class E shares at the option of the Adviser. Because the Adviser may elect to have the Company repurchase shares issued as payment for management fees or performance fees, we classify these shares as redeemable common stock. Class E shares issued to the Adviser as payment for management or performance fees are not subject to the repurchase limits of the Company’s share repurchase plan described in Note 12 — “Equity,” any lockup period applicable to the Adviser, or any reduction penalty for an early repurchase. The Adviser also has the option to exchange Class E shares issued as payment for management or performance fees for Class S, Class S-1, Class D, Class D-1, Class F, or Class I shares. During the three months ended March 31, 2026, we issued 77,219 and 186,805 Class E shares to the Adviser as payment for management fees and performance fees payable as of December 31, 2025, respectively.
The following tables summarize the changes in redeemable common stock for the three months ended March 31, 2026 and 2025:
$ in thousands Class S Redeemable Common Stock Class D Redeemable Common Stock Class I Redeemable Common Stock Class E Redeemable Common Stock Total Redeemable Common Stock
Balance as of December 31, 2025 $ 30,027 $ 30,027 $ 30,023 $ 37,614 $ 127,691
Issuance of redeemable common stock — — — 6,804 6,804
Repurchase of redeemable common stock — — — (2,848) (2,848)
Adjustment to carrying value of redeemable common stock — — — 100 100
Balance as of March 31, 2026 $ 30,027 $ 30,027 $ 30,023 $ 41,670 $ 131,747
$ in thousands Class S Redeemable Common Shares Class D Redeemable Common Shares Class I Redeemable Common Shares Class E Redeemable Common Shares Total Redeemable Common Stock
Balance as of December 31, 2024 $ 37,554 $ 37,554 $ 37,565 $ 38,694 $ 151,367
Issuance of redeemable common stock — — — 2,814 2,814
Repurchase of redeemable common stock (7,500) (7,500) (7,500) (7,500) (30,000)
Adjustment to carrying value of redeemable common stock (4) (5) (1) 170 160
Balance as of March 31, 2025 $ 30,050 $ 30,049 $ 30,064 $ 34,178 $ 124,341
The following tables summarize the changes in our outstanding shares of redeemable common stock shares for the three months ended March 31, 2026 and 2025:
Class S Redeemable Common
Shares Class D Redeemable Common
Shares Class I Redeemable Common
Shares Class E Redeemable Common
Shares Total Redeemable Common Stock
Outstanding Shares as of December 31, 2025 1,196,923 1,197,628 1,194,434 1,459,524 5,048,509
Issuance of redeemable common stock — — — 264,024 264,024
Repurchase of redeemable common stock — — — (110,485) (110,485)
Outstanding Shares as of March 31, 2026 1,196,923 1,197,628 1,194,434 1,613,063 5,202,048
Class S Redeemable Common Shares Class D Redeemable Common Shares Class I Redeemable Common Shares Class E Redeemable Common Shares Total Redeemable Common Stock
Outstanding Shares as of December 31, 2024 1,496,143 1,497,041 1,492,906 1,519,133 6,005,223
Issuance of redeemable common stock — — — 110,485 110,485
Repurchase of redeemable common stock (299,220) (299,413) (298,472) (293,940) (1,191,045)
Outstanding Shares as of March 31, 2025 1,196,923 1,197,628 1,194,434 1,335,678 4,924,663
Equity
Stapled Unit Offerings of Preferred and Common Stock
On January 31, 2025, we redeemed all 111 Stapled Units and 117 New Stapled Units issued and outstanding. Each Stapled Unit consists of one share of 12.5% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”), one Class S Share, one Class D Share and one Class I Share. Each New Stapled Unit consists of one share of Series A Preferred Stock and one Class S-1 Share. The cash redemption price for each share of stapled common stock was the NAV per share for the applicable share class as of December 31, 2024. Through the redemption of all Stapled Units and New Stapled Units, we redeemed all 228 issued and outstanding shares of our Series A Preferred Stock for approximately $232,000, plus accrued and unpaid dividends. The cash redemption price for each share of Series A Preferred Stock was $1,000. The excess of the consideration transferred over carrying value was accounted for as a deemed dividend and resulted in a reduction of approximately $27,000 in net income (loss) attributable to common stockholders for the three months ended March 31, 2025. Prior to redemption, holders of our Series A Preferred Stock were entitled to receive dividends at an annual rate of 12.5% of the liquidation preference of $1,000 per share or $125.00 per share per annum.
Common Stock
The following table summarizes changes in our outstanding shares of common stock for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31, 2026
Class S
Shares Class S-1 Shares Class D
Shares Class D-1
Shares Class I
Shares Class E
Shares Class F Shares Total
Balance at December 31, 2025 1,416,104 20,330,131 1,208,568 — 9,702,409 1,631,350 8,880,172 43,168,734
Issuance of common stock 91,980 2,346,272 — 120,452 2,436,888 388 — 4,995,980
Common stock distribution reinvestment 1,514 253,222 212 752 94,842 2,051 165,637 518,230
Issuance of redeemable common shares(1)
— — — — — 264,024 — 264,024
Repurchase of common stock — (363,564) — — (410,594) — — (774,158)
Repurchase of redeemable common stock — — — — — (110,485) — (110,485)
Balance at March 31, 2026 1,509,598 22,566,061 1,208,780 121,204 11,823,545 1,787,328 9,045,809 48,062,325
Three Months Ended March 31, 2025
Class S
Shares Class S-1 Shares Class D
Shares Class D-1
Shares Class I
Shares Class E
Shares Class F Shares Total
Balance at December 31, 2024 1,502,214 7,226,062 1,499,147 — 4,171,608 1,635,105 8,218,258 24,252,394
Issuance of common stock 3,969 3,261,421 8,211 — 1,088,268 8,244 — 4,370,113
Common stock distribution reinvestment — 98,095 99 — 36,810 1,370 161,371 297,745
Issuance of redeemable common shares(1)
— — — — — 110,485 — 110,485
Repurchase of common stock (111) (21,833) (111) — (8,678) — — (30,733)
Repurchase of redeemable common stock (299,220) — (299,413) — (298,472) (293,940) — (1,191,045)
Balance at March 31, 2025 1,206,852 10,563,745 1,207,933 — 4,989,536 1,461,264 8,379,629 27,808,959
(1)Consists of shares issued to an Invesco affiliate for the payment of management fees and performance fees that are classified as redeemable common stock. See Note 11 — “Redeemable Common Stock - Related Party”.
Distributions
We are generally required to distribute at least 90% of our taxable income to our stockholders each year to comply with the REIT provisions of the Internal Revenue Code. Taxable income does not necessarily equal net income as calculated in accordance with GAAP.
For the three months ended March 31, 2026, we declared distributions of $21.1 million. We accrued $7.3 million for distributions payable, of which $0.8 million was accrued for distributions payable to related parties, in our condensed consolidated balance sheet as of March 31, 2026. For the three months ended March 31, 2025, we declared distributions of
$12.9 million. We accrued $4.3 million for distributions payable, of which $0.8 million was accrued for distributions payable to related parties, in our condensed consolidated balance sheet as of March 31, 2025.
The following tables detail the aggregate distributions declared per share for each applicable class of stock for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31, 2026
Class S
Shares Class S-1
Shares Class D
Shares Class D-1
Shares Class I
Shares Class E
Shares Class F
Shares
Aggregate distribution declared per share $ 0.4800 $ 0.4800 $ 0.4800 $ 0.3200 $ 0.4800 $ 0.4800 $ 0.4800
Stockholder servicing fee per share (0.0099) (0.0524) (0.0001) (0.0101) — — —
Net distribution declared per share $ 0.4701 $ 0.4276 $ 0.4799 $ 0.3099 $ 0.4800 $ 0.4800 $ 0.4800
Three Months Ended March 31, 2025
Class S
Shares Class S-1
Shares Class D
Shares Class D-1
Shares Class I
Shares Class E
Shares
Class F
Shares(3)
Aggregate distribution declared per share $ 0.5000 $ 0.5000 $ 0.5000 — $ 0.5000 $ 0.5000 $ 0.5000
Stockholder servicing fee per share (0.0003) (0.0528) — — — — —
Net distribution declared per share $ 0.4997 $ 0.4472 $ 0.5000 $ — $ 0.5000 $ 0.5000 $ 0.5000
Share Repurchase Plan
We have adopted a share repurchase plan for our common stock. On a monthly basis, our stockholders may request that we repurchase all or any portion of their shares. We may choose, in our discretion, to repurchase all, some or none of the shares that have been requested to be repurchased at the end of any month, subject to any limitations in the share repurchase plan.
Class F stockholders may not participate in our share repurchase plan until the earlier of March 23, 2028 and the date our NAV reaches $1.5 billion. However, Class F stockholders are entitled to request that we repurchase their shares in the event that there is a Key Person Event or a Material Strategy Change, as such terms are defined in the Class F subscription agreement.
During the three months ended March 31, 2026, we fulfilled all requests under the share repurchase plan and repurchased 774,158 shares of common stock for $19.3 million. For the three months ended March 31, 2025, we repurchased 30,733 shares of common stock for $0.8 million and fulfilled all repurchase requests that were made under the share repurchase plan.
Distribution Reinvestment Plan
We have adopted a distribution reinvestment plan (“DRP”) whereby common stockholders will have their cash distributions automatically reinvested in additional shares of common stock unless they elect to receive their distributions in cash. The per share purchase price for shares purchased (including fractional shares) under the distribution reinvestment plan is equal to the transaction price at the time the distribution is payable.
Share-Based Compensation Plan
For the three months ended March 31, 2026 and 2025, we recognized compensation expense of $62,000 and $19,000, respectively, related to restricted shares of Class E common stock awarded to independent members of our board of directors under the terms of our 2023 Equity Incentive Plan (the “Incentive Plan”). As of March 31, 2026 and 2025, we had 1,083,889 and 1,093,671 shares of common stock available for future issuance under the Incentive Plan, respectively.
Noncontrolling Interest in Subsidiary
On January 29, 2026, a subsidiary issued 125 shares of 12.0% Series A Preferred Stock, par value $0.01 per share, with an aggregate liquidation preference of $1,000. The Series A preferred stock ranks senior to the Company’s interest in our subsidiary with respect to dividend rights and rights upon liquidation, dissolution and other considerations. The Series A Preferred Stock has no maturity date and will remain outstanding unless redeemed. The Series A Preferred Stock may be redeemed by the Company in whole or in part at any time; however, a redemption premium will also be required if redeemed on or before December 31, 2027. Upon consolidation, the issued and outstanding preferred share interest is shown as Non-controlling interest on our condensed consolidated balance sheets as of March 31, 2026 and net income (loss) is reflected as Net
income (loss) attributable to non-controlling interest in our condensed consolidated statement of comprehensive income during the three months ended March 31, 2026.

X

- References
No definition available.
+ Details

Name: us-gaap_EquityAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for equity.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18
+ Details

Name: us-gaap_StockholdersEquityNoteDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 33 R20.htm IDEA: XBRL DOCUMENT v3.26.1

Earnings per Common Share
3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Earnings per Common Share Earnings per Common Share
The following table summarizes our earnings per share for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31,
$ in thousands, except share and per share amounts 2026 2025
Net income (loss) available to common stockholders $ 19,713 $ 11,635
Weighted average common shares outstanding 46,541,642 27,233,292
Effect of dilutive restricted stock awards 225 76
Diluted weighted average common shares outstanding 46,541,867 27,233,368
Earnings (loss) per share:
Basic $ 0.42 $ 0.43
Diluted $ 0.42 $ 0.43

X

- References
No definition available.
+ Details

Name: us-gaap_EarningsPerShareAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for earnings per share.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3
+ Details

Name: us-gaap_EarningsPerShareTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 34 R21.htm IDEA: XBRL DOCUMENT v3.26.1

Commitments and Contingencies
3 Months Ended

Mar. 31, 2026

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Commitments and Contingencies
Commitments and contingencies may arise in the ordinary course of business. As of March 31, 2026, we had unfunded commitments of $381.8 million for certain of our commercial real estate loan investments. The unfunded commitments consist of funding for leasing costs, interest reserves and capital expenditures. Funding depends on timing of lease-up, renovation and capital improvements as well as satisfaction of certain cash flow tests. Therefore, the exact timing and amounts of such future loan fundings are uncertain. We expect to fund our loan commitments over the weighted average remaining term of the related loans of 1.39 years.
We have also committed to pay counterparty legal, diligence and other fees in connection with new financing facilities in the ordinary course of business.
From time to time, we may be involved in various claims and legal actions arising in the ordinary course of business. As of March 31, 2026, the Company was not involved in any material legal proceedings.

X

- References
No definition available.
+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for commitments and contingencies.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 405
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/405-30/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 440
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482648/440-10-50-4

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/450/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 954
-SubTopic 440
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478522/954-440-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 440
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482648/440-10-50-4

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 440
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/440/tableOfContent
+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 35 R22.htm IDEA: XBRL DOCUMENT v3.26.1

Segment Reporting
3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Segment Reporting Segment Reporting
We conduct our business as a single operating segment. Our chief operating decision maker (“CODM”) is a group comprised of the Company’s Chief Executive Officer and President, and Chief Financial Officer. The CODM uses net income as the basis for measuring segment profitability, allocating resources and assessing performance. Because the accounting policies for the segment are the same as those described in Note 2 — “Summary of Significant Accounting Policies,” to the consolidated financial statements of our Annual Report on Form 10-K for the year ended December 31, 2025, total segment net income and total segment assets are equal to total net income and total assets, as reported on our condensed consolidated statements of comprehensive income and condensed consolidated balance sheets, respectively. All revenues for the segment are derived from external customers.
The significant segment expenses regularly provided to the CODM, generally, include interest expense, debt issuance costs, management fees and general and administrative expenses, as separately presented on our condensed consolidated statements of comprehensive income. General and administrative expenses consist of directors’ and officers’ insurance, legal costs, investing, accounting, auditing and tax services, filing fees and miscellaneous general and administrative costs.

X

- References
No definition available.
+ Details

Name: us-gaap_SegmentReportingAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41
+ Details

Name: us-gaap_SegmentReportingDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 36 R23.htm IDEA: XBRL DOCUMENT v3.26.1

Subsequent Events
3 Months Ended

Mar. 31, 2026

Subsequent Events [Abstract]

Subsequent Events Subsequent Events
Due From Servicer
The $37.5 million related to amounts collected by the loan servicer but not yet remitted to the Company’s consolidated CLO and to the Company that were included in other assets was repaid in full in April 2026.
Redeemable Common Stock - Related Party
On May 1, 2026, Invesco Realty purchased an additional $30.0 million in shares of our common stock under the Invesco Subscription Agreement resulting in a total of $150.0 million owned.
Revolving Credit Facility
On May 7, 2026, the Operating Partnership (the “Initial Borrower”) entered into a Revolving Credit Agreement with NatWest Markets PLC (“NatWest”), as lender, lead arranger, and administrative agent. The Credit Agreement provides for a two‑tranche revolving credit facility consisting of (i) a Tranche A facility with no initial committed amount and (ii) a $100.0 million Tranche B facility.
Tranche A, if and when activated, provides for a revolving line of credit denominated in U.S. dollars bearing interest at Term SOFR plus 1.90% and maturing in January 2028. Tranche B provides for a revolving line of credit denominated in U.S. dollars, Euros, or British pounds sterling bearing interest at the applicable benchmark rate plus a margin ranging from 2.75% to 3.25%, depending on the advance rate elected, and maturing in May 2028 following the closing date. Unused commitments under Tranche A and Tranche B are subject to a commitment fee of 0.25% per annum and 1.00% per annum, respectively. The Company incurred an arranger fee equal to 0.50% of the Tranche B facility commitment.
The Credit Agreement includes an accordion feature permitting aggregate commitments to be increased up to a maximum of $330.0 million, with Tranche A not exceeding $150.0 million and Tranche B not exceeding $330.0 million, in each case subject to lender consent. Maturity dates may also be extended by up to twelve months with lender approval. Tranche A availability, if increased from zero, would be based on unfunded capital commitments of the included investors, while Tranche B availability is based on the net asset value of the Company’s eligible portfolio investments plus secured cash collateral. Borrowings are secured by a first‑priority lien on certain collateral accounts, and the Company has provided a full and unconditional guaranty of the Initial Borrower’s obligations.
The Credit Agreement contains customary representations, warranties, and covenants, including financial covenants requiring a minimum adjusted tangible net worth, a minimum interest coverage ratio, minimum liquidity of the Initial Borrower based on net asset value, and a minimum fair value‑to‑cost ratio. In connection with the closing, the Company’s existing credit agreement was terminated, and all related liens were released.
As of the date of this filing, no amount was outstanding under the Credit Agreement.
Redeemable Common Stock - Related Party
On May 7, 2026, the Company cancelled the additional $150.0 million capital commitment from Invesco Realty. The additional capital commitment was only available if needed to avoid triggering any concentration limit imposed by a third party in connection with its distribution or placement of our shares or for purposes of repaying indebtedness drawn on the existing credit agreement, which we terminated in conjunction with closing on the NatWest revolving credit agreement.
Equity
Issuances
Subsequent to March 31, 2026, we issued the following shares of common stock:
$ in thousands except share amounts Shares Issued to Third Parties
Shares Issued to Affiliates(1)(2)
DRP Shares(3)
Class S 5,090 301,575 773
Class S-1 1,783,305 — 90,044
Class D — 301,860 72
Class D-1 200,968 — 753
Class I 1,628,457 300,693 35,499
Class E 3,434 376,191 638
Class F — — 55,821
Total 3,621,254 1,280,319 183,600
Total net proceeds(4)
$ 90,391 $ 30,000 $ 4,639
(1)Affiliates include related parties discussed in Note 10 — “Related Party Transactions”.
(2)Includes 85,861 Class E shares issued to our Adviser as payment for management fees of $2.2 million which is excluded from total net proceeds.
(3)Represents shares issued under our distribution reinvestment plan.
(4)With respect to Shares Issued to Affiliates, total net proceeds represents the total value of shares of our common stock purchased by Invesco Realty under the Invesco Subscription agreement. With respect to DRP Shares, total net proceeds represents the total value of shares issued under our distribution reinvestment plan.
Repurchases
Subsequent to March 31, 2026, we repurchased the following stock:
$ in thousands except share amounts Shares Repurchased from
Third-Parties
Shares Repurchased from Affiliates(1)
Class S — —
Class S-1 49,359 —
Class D — —
Class D-1 — —
Class I 130,382 —
Class E — —
Class F — —
Total 179,741 —
Total repurchases $ 4,485 $ —
(1)Affiliates include related parties discussed in Note 10 — “Related Party Transactions”.
Subsequent to March 31, 2026, all repurchase requests under our share repurchase plan were satisfied.

X

- References
No definition available.
+ Details

Name: us-gaap_SubsequentEventsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 855
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/855/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 855
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483399/855-10-50-2
+ Details

Name: us-gaap_SubsequentEventsTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 37 R24.htm IDEA: XBRL DOCUMENT v3.26.1

Insider Trading Arrangements
3 Months Ended

Mar. 31, 2026

Trading Arrangements, by Individual

Rule 10b5-1 Arrangement Adopted false

Non-Rule 10b5-1 Arrangement Adopted false

Rule 10b5-1 Arrangement Terminated false

Non-Rule 10b5-1 Arrangement Terminated false

X

- References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-K
-Number 229
-Section 408
-Subsection a
-Paragraph 1
+ Details

Name: ecd_NonRule10b51ArrAdoptedFlag

Namespace Prefix: ecd_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-K
-Number 229
-Section 408
-Subsection a
-Paragraph 1
+ Details

Name: ecd_NonRule10b51ArrTrmntdFlag

Namespace Prefix: ecd_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-K
-Number 229
-Section 408
-Subsection a
-Paragraph 1
+ Details

Name: ecd_Rule10b51ArrAdoptedFlag

Namespace Prefix: ecd_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-K
-Number 229
-Section 408
-Subsection a
-Paragraph 1
+ Details

Name: ecd_Rule10b51ArrTrmntdFlag

Namespace Prefix: ecd_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-K
-Number 229
-Section 408
-Subsection a
-Paragraph 2
-Subparagraph A
+ Details

Name: ecd_TradingArrByIndTable

Namespace Prefix: ecd_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 38 R25.htm IDEA: XBRL DOCUMENT v3.26.1

Summary of Significant Accounting Policies (Policies)
3 Months Ended

Mar. 31, 2026

Accounting Policies [Abstract]

Basis of Presentation
Basis of Presentation
Certain disclosures included in our Annual Report on Form 10-K are not required to be included on an interim basis in our quarterly reports on Form 10-Q. We have condensed or omitted these disclosures. Therefore, this Form 10-Q should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2025.

Consolidation
Consolidation
Our condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and consolidate the financial statements of the Company and its controlled subsidiaries. In determining whether we have a controlling financial interest in a partially owned entity, we consider whether the entity is a variable interest entity (“VIE”) and whether we are the primary beneficiary. We are the primary beneficiary of a VIE when we have both the power to direct the most significant activities impacting the economic performance of the VIE and the obligation to absorb losses or receive benefits significant to the VIE. See additional information on our VIEs for the collateralized loan obligations issuer (“CLO Issuer” or “INCREF 2025-FL1”) in Note 6 — “Collateralized Loan Obligations.” All significant intercompany transactions, balances, revenues and expenses are eliminated in consolidation. In the opinion of management, the condensed consolidated financial statements reflect all adjustments, consisting of normal recurring accruals, which are necessary for a fair statement of our financial condition and results of operations for the periods presented.

Use of Estimates
Use of Estimates
The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our condensed consolidated financial statements and accompanying notes. Examples of estimates may include, but are not limited to, estimates of the fair values of financial instruments and estimated payment periods for certain stockholder servicing fee liabilities. Actual results may differ from those estimates.

Cash and Cash Equivalents
Cash and Cash Equivalents
We consider all highly liquid investments that have original or remaining maturity dates of three months or less when purchased to be cash equivalents. Certain cash balances may be held in brokerage accounts that also hold our securities investments and may be swept into money market funds that meet the criteria for classification as cash equivalents. Cash and cash equivalents are carried at cost, which approximates fair value due to the highly liquid and short-term nature of these
instruments. We may have cash balances in excess of federally insured amounts. We mitigate our risk of loss by maintaining cash deposits with high credit-quality institutions and by actively monitoring the credit risk of our counterparties.

Restricted Cash
Restricted Cash
Restricted cash represents (i) cash deposited with our transfer agent for investor subscriptions received prior to the date the subscriptions are effective, (ii) cash held by foreign subsidiaries that cannot be used to pay dividends without local regulatory authority approval, and (iii) cash held by the Company’s collateralized loan obligations issuer pending reinvestment in eligible collateral. See Note 6 — “Collateralized Loan Obligations” for additional details.

Income Taxes
Income Taxes
We elect to treat certain of our corporate subsidiaries as taxable REIT subsidiaries (“TRS”) which are subject to federal, state and local corporate income tax, as applicable. TRSs hold investments in assets, income streams, operating companies and associated expenses that produce non-qualifying items for purposes of REIT testing. Current income tax expense is recorded within other income (expense), net on our condensed consolidated statements of comprehensive income. Deferred tax assets, valuation allowance, and deferred tax liabilities are recorded within other assets or other liabilities, as applicable, on our condensed consolidated balance sheets.

Fair Value Measurement, Real Estate-Related Securities, And Collateralized Loan Obligations
Fair Value Measurement
We have elected the fair value option for our commercial real estate loan investments, real estate-related securities, secured lending and term lending agreements (collectively, our “secured financing facilities”), our revolving credit facility, and our CLO. The Company believes the fair value option will provide its financial statements users with reduced complexity, greater consistency, understandability and comparability.
In the month that we originate or acquire a loan that is held outside of the CLO Issuer, the par value of the loan represents its fair value. Thereafter, an independent valuation advisor values our commercial loan investments monthly using a discounted cash flow analysis. The yield used in the discounted cash flow analysis is determined by comparing the features of the loan to the interest rates and terms required by lenders in the new loan origination market for similar loans and the yield required by investors acquiring similar loans in the secondary market as well as a comparison of current market and collateral conditions to those present at origination or acquisition. The Company elected to apply the measurement alternative for consolidated collateralized financing entities with respect to the CLO Issuer. Accordingly, commercial real estate loans and loan participations that are collateral assets within the consolidated CLO Issuer are measured using the fair value of the more observable notes as an indicator of the fair value of the assets as a whole. A portion of these notes are related to the retained income notes, which are valued using a discounted cash flow model. The discounted cash flow model estimates expected future cash flows based on the contractual terms and relevant market data, incorporating collateral characteristics, prepayment and default assumptions, loss severity, credit enhancement features, and note specific factors, and discounts these projected cash flows using a market‑based yield.
In determining the fair value of a particular real estate-related security, we use pricing service providers, who may use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models to determine the reported price. The pricing service providers’ internal models for securities generally consider the attributes applicable to a particular class of the security (e.g., credit rating or seniority), current market data, and estimated cash flows for each class and incorporate deal collateral performance such as prepayment speeds and default rates, as available.
In the month that we enter into a borrowing arrangement, the par value of the borrowing represents the fair value of the arrangement. Thereafter, an independent valuation advisor values our revolving credit facility and secured financing facilities monthly. The independent valuation advisor calculates the fair value of the revolving credit facility based on a determination of the price that would be paid by another market participant to assume the lender’s position in the transaction. The fair value of secured financing facilities is calculated using a discounted cash flow analysis where the remaining debt service cash flow, based on the contractual economics stated in the loan agreement, is valued using a market interest rate which reflects an estimate for how a lender would price an equivalent loan for the remaining term. Additionally, we consider current market rates and conditions by evaluating similar borrowing agreements with comparable loan-to-value ratios and credit profiles. The market rate of interest is adjusted to reflect our own credit risk for recourse borrowings.
We generally determine the fair value of the collateralized loan obligations by utilizing third party pricing services, broker-dealer quotations, and discounted cash flow models. We conduct an ongoing evaluation of their valuation methodologies and processes and review the individual valuations themselves. Our review consists of consideration of a variety of factors, including market transaction information for the particular bond, market transaction information for similar bonds, the bond’s ratings and the bond’s subordination levels.
Our currency forward contracts are valued by an independent pricing service based on contractual cash flows and quoted foreign currency rates available in an active market. When determining the fair value of our forward currency contracts as of each measurement date, we consider the effect of counterparty nonperformance risk as a part of the valuation process and include a credit risk adjustment where appropriate.
Real Estate-Related Securities
We invest in debt securities of real estate companies. We have elected the fair value option for accounting for investments in debt securities. We record changes in fair value of debt securities as unrealized gain (loss) on real estate-related securities and interest income on debt securities as interest income in our condensed consolidated statements of comprehensive income.
Collateralized Loan Obligations
The Company financed a pool of loans and loan participations from its existing loan portfolio through a managed collateralized financing entity, INCREF 2025-FL1. The Company consolidates the CLO Issuer because it determined that the CLO issuer is a VIE and that the Company is the primary beneficiary of such VIE. The collateral assets securing the collateralized loan obligations include the pool of loans and loan participations, which are included on the condensed consolidated balance sheets as commercial real estate loan investments, at fair value. The notes issued by the consolidated CLO Issuer are included on the Company’s condensed consolidated balance sheets as collateralized loan obligations, at fair value. Collateralized loan obligations consist solely of obligations held by third party rated note holders and exclude the retained tranches held by the Company, which are eliminated in consolidation of the CLO Issuer. The interest income from the CLO Issuer’s collateral assets and interest expense on the notes issued by the CLO Issuer are presented on a gross basis within interest income and interest expense, respectively, in the condensed consolidated statements of comprehensive income. Because we elected the fair value option for our collateralized loan obligations, we record any changes in their fair values as unrealized gain (loss) on collateralized loan obligations, net in our condensed consolidated statements of comprehensive income.
A three-level valuation hierarchy exists for disclosure of fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect our market assumptions. The three levels are defined as follows:
Level 1 — quoted prices are available in active markets for identical investments as of the measurement date. We do not adjust the quoted price for these investments.
Level 2 — quoted prices are available in markets that are not active or model inputs are based on inputs that are either directly or indirectly observable as of the measurement date.
Level 3 — pricing inputs are unobservable and include instances where there is minimal, if any, market activity for the investment. These inputs require significant judgment or estimation by management or third parties when determining fair value and generally represent anything that does not meet the criteria of Levels 1 and 2. Due to the inherent uncertainty of these estimates, these values may differ materially from the values that would have been used had a ready market for these investments existed.

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483426/235-10-50-4
+ Details

Name: us-gaap_BasisOfAccountingPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Entity's cash and cash equivalents accounting policy with respect to restricted balances. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(1)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482913/230-10-50-1
+ Details

Name: us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for cash and cash equivalents with respect to unrestricted balances.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482913/230-10-50-1
+ Details

Name: us-gaap_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483426/235-10-50-4

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1
+ Details

Name: us-gaap_ConsolidationPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for fair value measurements of financial and non-financial assets, liabilities and instruments classified in shareholders' equity. Disclosures include, but are not limited to, how an entity that manages a group of financial assets and liabilities on the basis of its net exposure measures the fair value of those assets and liabilities.
+ References
No definition available.
+ Details

Name: us-gaap_FairValueMeasurementPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-20

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 19
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-19

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482525/740-10-45-25

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(h)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482525/740-10-45-28

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-1
+ Details

Name: us-gaap_IncomeTaxPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-12

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-9

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482836/275-10-55-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-4

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-SubTopic 10
-Topic 275
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-SubTopic 10
-Topic 275
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-1
+ Details

Name: us-gaap_UseOfEstimates

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 39 R26.htm IDEA: XBRL DOCUMENT v3.26.1

Commercial Real Estate Loan Investments (Tables)
3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Investments in Commercial Real Estate Loans
The table below summarizes our investments in commercial real estate loans as of March 31, 2026 and December 31, 2025:
$ in thousands
Loan Type
Loan Amount(1)
Principal Balance Outstanding Fair Value
Weighted Average Interest Rate(2)
Weighted Average Life (years)(3)
March 31, 2026
Senior loans(4)
$ 5,545,099 $ 5,167,516 $ 5,174,445 6.30 % 3.84
Mezzanine loans 30,000 25,773 25,773 12.00 % 3.59
Total $ 5,575,099 $ 5,193,289 $ 5,200,218 6.33 % 3.84
December 31, 2025
Senior loans(4)
$ 5,025,649 $ 4,670,191 $ 4,677,720 6.40 % 3.91
Mezzanine loans 30,000 25,008 25,008 12.00 % 3.84
Total $ 5,055,649 $ 4,695,199 $ 4,702,728 6.43 % 3.91
(1)Loan amount consists of outstanding principal balance plus unfunded loan commitments.
(2)Domestic loans earn interest at the one-month Term Secured Overnight Financing Rate (“SOFR”) plus a spread. Euro denominated loans earn interest at three-month Euro Interbank Offered Rate (“Euribor”) plus a spread. Our loans denominated in British pound sterling earn interest at three-month Sterling Overnight Index Average (“SONIA”) plus a spread.
(3)Assumes all extension options are exercised by the borrower; however, loans may be repaid prior to such date. Extension options are subject to certain conditions, as defined in the respective loan agreement.
(4)Senior loans include senior mortgages and similar credit quality loans, including related contiguous subordinate loans and accommodation mezzanine loans in connection with the senior mortgage financing.
The tables below detail the property type and geographic location of the properties securing our commercial real estate loans as of March 31, 2026 and December 31, 2025:
$ in thousands March 31, 2026 December 31, 2025
Property Type Fair Value Percentage Fair Value Percentage
Multifamily $ 2,750,140 52.9 % $ 2,292,433 48.7 %
Industrial 1,889,528 36.3 % 1,870,741 39.8 %
Student housing 345,945 6.7 % 343,204 7.3 %
Self-storage 214,605 4.1 % 196,350 4.2 %
Total $ 5,200,218 100.0 % $ 4,702,728 100.0 %
$ in thousands March 31, 2026 December 31, 2025
Geographic Location Fair Value Percentage Fair Value Percentage
United States:
East $ 1,447,748 27.9 % $ 1,409,703 30.0 %
South 1,217,646 23.4 % 1,107,282 23.5 %
West 1,129,770 21.7 % 986,262 21.0 %
Various U.S.(1)
474,875 9.1 % 474,366 10.1 %
Midwest 122,797 2.4 % 122,767 2.6 %
Total $ 4,392,836 84.5 % $ 4,100,380 87.2 %
Non-US:
 United Kingdom(2)
$ 535,029 10.3 % $ 324,365 6.9 %
 Europe(3)
272,353 5.2 % 277,983 5.9 %
Total $ 807,382 15.5 % $ 602,348 12.8 %
Total $ 5,200,218 100.0 % $ 4,702,728 100.0 %
(1)Various U.S. includes self-storage and industrial portfolios with multiple locations throughout the United States.
(2)Our European loans that are collateralized by industrial commercial real estate in the United Kingdom are denominated in British pounds sterling and have an aggregate fair value of £404.8 million as of March 31, 2026.
(3)Our European loans that are collateralized by industrial commercial real estate in France, Spain and Italy are denominated in Euros and have an aggregate fair value of €236.7 million as of March 31, 2026.
The following tables summarize our real estate-related securities as of March 31, 2026 and December 31, 2025:
March 31, 2026
$ in thousands Principal Balance Unamortized Premium (Discount) Amortized Cost Unrealized Gain (Loss), Net Fair Value Weighted Average Yield Weighted Average Maturity Date
Non-agency CMBS $ 17,220 $ (38) $ 17,182 $ 40 $ 17,222 6.16 % February 2040
December 31, 2025
$ in thousands Principal Balance Unamortized Premium (Discount) Amortized Cost Unrealized Gain (Loss), Net Fair Value Weighted Average Yield Weighted Average Maturity Date
Non-agency CMBS $ 14,770 $ (38) $ 14,732 $ 86 $ 14,818 6.29 % March 2040
The following table presents the components of gain (loss) on real estate-related securities, net for the three months ended March 31, 2026:
March 31, 2026
$ in thousands Realized Gain (Loss), Net Unrealized Gain (Loss), Net Gain (Loss), Net
Non-agency CMBS $ — $ (46) $ (46)

X

- References
No definition available.
+ Details

Name: us-gaap_FairValueDisclosuresAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of information about asset and liability measured at fair value under fair value option.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-32

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
+ Details

Name: us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 40 R27.htm IDEA: XBRL DOCUMENT v3.26.1

Real Estate-Related Securities (Tables)
3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Investments in Commercial Real Estate Loans
The table below summarizes our investments in commercial real estate loans as of March 31, 2026 and December 31, 2025:
$ in thousands
Loan Type
Loan Amount(1)
Principal Balance Outstanding Fair Value
Weighted Average Interest Rate(2)
Weighted Average Life (years)(3)
March 31, 2026
Senior loans(4)
$ 5,545,099 $ 5,167,516 $ 5,174,445 6.30 % 3.84
Mezzanine loans 30,000 25,773 25,773 12.00 % 3.59
Total $ 5,575,099 $ 5,193,289 $ 5,200,218 6.33 % 3.84
December 31, 2025
Senior loans(4)
$ 5,025,649 $ 4,670,191 $ 4,677,720 6.40 % 3.91
Mezzanine loans 30,000 25,008 25,008 12.00 % 3.84
Total $ 5,055,649 $ 4,695,199 $ 4,702,728 6.43 % 3.91
(1)Loan amount consists of outstanding principal balance plus unfunded loan commitments.
(2)Domestic loans earn interest at the one-month Term Secured Overnight Financing Rate (“SOFR”) plus a spread. Euro denominated loans earn interest at three-month Euro Interbank Offered Rate (“Euribor”) plus a spread. Our loans denominated in British pound sterling earn interest at three-month Sterling Overnight Index Average (“SONIA”) plus a spread.
(3)Assumes all extension options are exercised by the borrower; however, loans may be repaid prior to such date. Extension options are subject to certain conditions, as defined in the respective loan agreement.
(4)Senior loans include senior mortgages and similar credit quality loans, including related contiguous subordinate loans and accommodation mezzanine loans in connection with the senior mortgage financing.
The tables below detail the property type and geographic location of the properties securing our commercial real estate loans as of March 31, 2026 and December 31, 2025:
$ in thousands March 31, 2026 December 31, 2025
Property Type Fair Value Percentage Fair Value Percentage
Multifamily $ 2,750,140 52.9 % $ 2,292,433 48.7 %
Industrial 1,889,528 36.3 % 1,870,741 39.8 %
Student housing 345,945 6.7 % 343,204 7.3 %
Self-storage 214,605 4.1 % 196,350 4.2 %
Total $ 5,200,218 100.0 % $ 4,702,728 100.0 %
$ in thousands March 31, 2026 December 31, 2025
Geographic Location Fair Value Percentage Fair Value Percentage
United States:
East $ 1,447,748 27.9 % $ 1,409,703 30.0 %
South 1,217,646 23.4 % 1,107,282 23.5 %
West 1,129,770 21.7 % 986,262 21.0 %
Various U.S.(1)
474,875 9.1 % 474,366 10.1 %
Midwest 122,797 2.4 % 122,767 2.6 %
Total $ 4,392,836 84.5 % $ 4,100,380 87.2 %
Non-US:
 United Kingdom(2)
$ 535,029 10.3 % $ 324,365 6.9 %
 Europe(3)
272,353 5.2 % 277,983 5.9 %
Total $ 807,382 15.5 % $ 602,348 12.8 %
Total $ 5,200,218 100.0 % $ 4,702,728 100.0 %
(1)Various U.S. includes self-storage and industrial portfolios with multiple locations throughout the United States.
(2)Our European loans that are collateralized by industrial commercial real estate in the United Kingdom are denominated in British pounds sterling and have an aggregate fair value of £404.8 million as of March 31, 2026.
(3)Our European loans that are collateralized by industrial commercial real estate in France, Spain and Italy are denominated in Euros and have an aggregate fair value of €236.7 million as of March 31, 2026.
The following tables summarize our real estate-related securities as of March 31, 2026 and December 31, 2025:
March 31, 2026
$ in thousands Principal Balance Unamortized Premium (Discount) Amortized Cost Unrealized Gain (Loss), Net Fair Value Weighted Average Yield Weighted Average Maturity Date
Non-agency CMBS $ 17,220 $ (38) $ 17,182 $ 40 $ 17,222 6.16 % February 2040
December 31, 2025
$ in thousands Principal Balance Unamortized Premium (Discount) Amortized Cost Unrealized Gain (Loss), Net Fair Value Weighted Average Yield Weighted Average Maturity Date
Non-agency CMBS $ 14,770 $ (38) $ 14,732 $ 86 $ 14,818 6.29 % March 2040
The following table presents the components of gain (loss) on real estate-related securities, net for the three months ended March 31, 2026:
March 31, 2026
$ in thousands Realized Gain (Loss), Net Unrealized Gain (Loss), Net Gain (Loss), Net
Non-agency CMBS $ — $ (46) $ (46)

X

- References
No definition available.
+ Details

Name: us-gaap_FairValueDisclosuresAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of information about asset and liability measured at fair value under fair value option.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-32

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28
+ Details

Name: us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 41 R28.htm IDEA: XBRL DOCUMENT v3.26.1

Borrowings (Tables)
3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Schedule of Debt
The table below summarizes our borrowing arrangements as of March 31, 2026 and December 31, 2025. Our borrowing arrangements include our secured financing facilities and a revolving credit facility.
March 31, 2026 December 31, 2025
$ in thousands Current Maturity
Extension Options(1)
Weighted Average Interest Rate(2)
Maximum Facility Size Available Capacity Amount Outstanding Fair Value Amount Outstanding Fair Value
Term Lending Agreements
INCREF Lending II Match-term Match-term 5.94% $ 300,000 $ 144,603 $ 155,397 $ 155,397 $ 155,027 $ 155,033
INCREF Lending III Match-term Match-term 5.17% 72,840 4,840 68,000 68,000 $ 68,000 $ 68,000
Secured Lending Agreements
Repurchase Agreements
Morgan Stanley Bank(3)
Dec 2027 Dec 2028 5.33% 750,000 69,430 680,570 680,474 713,335 713,335
Citibank Jul 2027 Jul 2029 5.07% 1,000,000 417,996 582,004 582,004 590,301 590,401
Barclays(3)
Apr 2027 Apr 2029 5.15% 500,000 77,106 422,894 422,894 328,897 328,897
Wells Fargo(3)
Mar 2028 Mar 2031 5.16% 1,200,000 629,095 570,905 570,892 340,663 340,664
Bank of Montreal(3)
Jul 2027 Jul 2030 5.00% 256,600 — 256,600 256,600 256,600 256,600
INCREF Repurchase I(3)
Feb 2027 Feb 2030 5.15% 250,000 74,964 175,036 175,066 $ 129,589 $ 129,646
INCREF Repurchase II Feb 2029 Feb 2029 5.12% 250,000 116,992 133,008 133,008 N/A N/A
Total secured financing facilities $ 4,579,440 $ 1,535,026 $ 3,044,414 $ 3,044,335 $ 2,582,412 $ 2,582,576
Revolving Credit Facility(4)
6.57% $ 162,000 $ 146,000 $ 16,000 $ 16,000 $ 55,000 $ 55,000
(1)Assumes all available extension options are exercised.
(2)Represents the weighted average interest rate in effect as of March 31, 2026.
(3)Certain extension options for these facilities are subject to lender approval and compliance with certain financial and administrative covenants.
(4)Maturity date is aligned with the Company’s ability to call remaining outstanding capital committed under the Invesco Subscription Agreement, as further explained below.

Schedule of Net Exposure With Counterparties Where Amount At Risk Exceeded 10.0% of Stockholders’ Equity The following table summarizes our net exposure with those counterparties where the amount at risk exceeded 10.0% of equity as of March 31, 2026 and December 31, 2025.
$ in thousands Outstanding Principal Net Counterparty Exposure
Weighted Average Life (Years)(1)
March 31, 2026
Morgan Stanley Bank $ 680,570 $ 176,662 2.68
Citibank 582,004 145,501 3.32
Bank of Montreal 411,997 107,449 3.94
Barclays 422,894 107,993 3.07
Wells Fargo 570,905 156,122 3.15
Total $ 2,668,370 $ 693,727 3.17
December 31, 2025
Morgan Stanley Bank $ 713,335 $ 186,066 2.92
Citibank 590,301 148,674 3.56
Bank of Montreal 411,627 107,463 4.18
Total $ 1,715,263 $ 442,203 3.45
(1)Assumes all extension options are exercised for borrowing facilities that may be extended at our option, subject to compliance with certain financial and administrative covenants.

Schedule of Maturities of Long-Term Debt
The following table shows the aggregate amount of maturities of our outstanding borrowings over the next five years and thereafter as of March 31, 2026:
$ in thousands
Secured Lending Agreements(1)
Term Lending Agreements(1)
Revolving Credit Facility(1)
Total
Year
2026 (remaining) $ — $ — $ 16,000 $ 16,000
2027 — — — —
2028 680,570 — — 680,570
2029 1,137,906 128,369 — 1,266,275
2030 431,636 95,028 — 526,664
2031 570,905 — — 570,905
Thereafter — — — —
Total $ 2,821,017 $ 223,397 $ 16,000 $ 3,060,414
(1)Assumes all extension options are exercised for borrowing facilities that may be extended at our option, subject to compliance with certain financial and administrative covenants.

X

- References
No definition available.
+ Details

Name: us-gaap_DebtDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.
+ References
No definition available.
+ Details

Name: us-gaap_ScheduleOfDebtTableTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of maturity and sinking fund requirement for long-term debt.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1
+ Details

Name: us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure, as of the balance sheet date, of the amount at risk under repurchase agreements with any individual counterparty or group of related counterparties which exceeds 10 percent of stockholders' equity. Includes the name of each counterparty or group of related counterparties, the amount at risk with each, and the weighted average maturity of the repurchase agreements with each. The amount at risk under repurchase agreements is defined as the excess of carrying amount (or market value, if higher than the carrying amount or if there is no carrying amount) of the securities or other assets sold under agreement to repurchase, including accrued interest plus any cash or other assets on deposit to secure the repurchase obligation, over the amount of the repurchase liability (adjusted for accrued interest).
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-9

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(m)(1)(iii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
+ Details

Name: us-gaap_ScheduleOfRepurchaseAgreementCounterpartiesWithWhomRepurchaseAgreementsExceed10PercentOfStockholdersEquityTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 42 R29.htm IDEA: XBRL DOCUMENT v3.26.1

Collateralized Loan Obligations (Tables)
3 Months Ended

Mar. 31, 2026

Transfers and Servicing [Abstract]

Schedule of Assets and Associated Liabilities Accounted for as Secured Borrowings
The table below summarizes our collateralized loan obligations as of March 31, 2026:
Facility Collateral
$ in thousands Term
Weighted Average Interest Rate(1)
Amount Outstanding Fair Value Count Principal Balance Outstanding Fair Value
INCREF 2025-FL1 Oct 2042 5.63% $ 998,234 $ 1,004,858 29 $ 1,180,591 $ 1,187,520
Total $ 998,234 $ 1,004,858 29 $ 1,180,591 $ 1,187,520
(1)Represents the weighted average interest rate in effect as of March 31, 2026.

Schedule of Variable Interest Entities
The following table details the assets and liabilities of the CLO Issuer:
$ in thousands March 31, 2026
Assets:
Restricted cash $ 150
Commercial real estate loan investments, at fair value 1,187,520
Interest receivable 3,672
Other assets 36,992
Total assets $ 1,228,334
Liabilities:
Collateralized loan obligations, at fair value $ 1,004,858
Interest payable 2,029
Total liabilities $ 1,006,887

X

- Definition
Tabular disclosure of the carrying amount and classification of assets and liabilities recognized in the transferor's statement of financial position at the end of each period presented.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)(1)
-SubTopic 30
-Topic 860
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A
+ Details

Name: us-gaap_ScheduleOfQuantitativeInformationAboutFinancialAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 5A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-5A

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-9

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-4

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-6
+ Details

Name: us-gaap_ScheduleOfVariableInterestEntitiesTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_TransfersAndServicingAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 43 R30.htm IDEA: XBRL DOCUMENT v3.26.1

Derivatives and Hedging Activities (Tables)
3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The following table illustrates the realized and unrealized foreign exchange impact recognized in the condensed consolidated statements of comprehensive income in the three months ended March 31, 2026 and 2025, of our loans and secured financing arrangements as well as the offsetting gain (loss) on derivative instruments in the periods:
$ in thousands Three Months Ended March 31, 2026 Three Months Ended March 31, 2025
Unrealized foreign exchange gain (loss) on loans $ (15,628) $ 10,824
Unrealized foreign exchange gain (loss) on secured financing facilities 9,899 (8,669)
Gain (loss) on foreign currency transactions, net (466) 9
Gain (loss) on derivative instruments, net 6,259 (2,180)
Net impact of hedged foreign exchange $ 64 $ (16)

Schedule of Notional Amounts of Outstanding Derivative Positions
The following tables summarize changes in the notional amount of our currency forward contracts during the three months ended March 31, 2026 and 2025:
Local Currency
In thousands
Notional Amount as of December 31, 2025
Additions Settlement,
Termination,
Expiration
or Exercise Notional Amount as of March 31, 2026
Notional Amount as of March 31, 2026
Buy USD / Sell EUR Forward € 49,889 € 14,404 € (14,491) € 49,802 $ 57,482
Buy USD / Sell GBP Forward £ 50,631 £ 169,424 £ (129,467) £ 90,588 $ 122,163
Buy EUR / Sell USD Forward € — € 14,491 € (14,491) € — $ —
Buy GBP / Sell USD Forward £ — £ 130,049 £ (129,467) £ 582 $ 785
Local Currency
In thousands
Notional Amount as of December 31, 2024
Additions Settlement,
Termination,
Expiration
or Exercise Notional Amount as of March 31, 2025
Notional Amount as of March 31, 2025
Buy USD / Sell EUR Forward € 39,474 € — € (877) € 38,597 $ 43,821
Buy USD / Sell GBP Forward £ 19,417 £ — £ (506) £ 18,911 $ 24,978

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The table below presents the fair value of our currency forward contracts, as well as their classification on the condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025:
$ in thousands Fair Value as of
March 31, 2026 December 31, 2025
Derivative Assets $ 3,134 $ 615
Derivative Liabilities $ 838 $ 1,992

Schedule of Gain (Loss) on Derivative Instruments
The following tables summarize the effect of currency forward contracts reported in gain (loss) on derivative instruments, net on the condensed consolidated statements of comprehensive income for the three months ended March 31, 2026 and 2025:
$ in thousands Three Months Ended March 31, 2026
Derivatives not designated as hedging instruments Realized gain (loss) on derivative instruments, net Unrealized gain (loss), net Gain (loss) on derivative instruments, net
Currency Forward Contracts $ 2,586 $ 3,673 $ 6,259
$ in thousands Three Months Ended March 31, 2025
Derivatives not designated as hedging instruments Realized gain (loss) on derivative instruments, net Unrealized gain (loss), net Gain (loss) on derivative instruments, net
Currency Forward Contracts $ 117 $ (2,297) $ (2,180)

X

- References
No definition available.
+ Details

Name: us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A
+ Details

Name: us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4CC
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E
+ Details

Name: us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B
+ Details

Name: us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the notional amounts of outstanding derivative positions.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A
+ Details

Name: us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 44 R31.htm IDEA: XBRL DOCUMENT v3.26.1

Fair Value of Financial Instruments (Tables)
3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables detail our financial instruments measured at fair value on a recurring basis:
As of March 31, 2026
Fair Value Measurements Using:
$ in thousands Level 1 Level 2 Level 3 Total at Fair Value
Assets:
Commercial real estate loan investments $ — $ — $ 5,200,218 $ 5,200,218
Real estate-related securities — 17,222 — 17,222
Derivative assets — 3,134 — 3,134
Total assets $ — $ 20,356 $ 5,200,218 $ 5,220,574
Liabilities:
Secured lending agreements $ — $ — $ 2,820,938 $ 2,820,938
Term lending agreements — — 223,397 223,397
Revolving credit facility — — 16,000 16,000
Collateralized loan obligations — 1,004,858 — 1,004,858
Derivative liabilities — 838 — 838
Total liabilities $ — $ 1,005,696 $ 3,060,335 $ 4,066,031
As of December 31, 2025
Fair Value Measurements Using:
$ in thousands Level 1 Level 2 Level 3 Total at Fair Value
Assets:
Commercial real estate loan investments $ — $ — $ 4,702,728 $ 4,702,728
Real estate-related securities — 14,818 — 14,818
Derivative assets — 615 — 615
Total assets $ — $ 15,433 $ 4,702,728 $ 4,718,161
Liabilities:
Secured lending agreements $ — $ — $ 2,359,543 $ 2,359,543
Term lending agreements — — 223,033 223,033
Revolving credit facility — — 55,000 55,000
Collateralized loan obligations — 1,005,157 — 1,005,157
Derivative liabilities — 1,992 — 1,992
Total liabilities $ — $ 1,007,149 $ 2,637,576 $ 3,644,725

Schedule Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The following table shows a reconciliation of the beginning and ending fair value measurements of our commercial real estate loan investments classified as Level 3:
$ in thousands Three Months Ended March 31, 2026
Beginning Balance $ 4,702,728
Loan originations and fundings 595,601
Loan principal payments (81,880)
Net unrealized gain (loss) (602)
Foreign currency adjustments (15,629)
Ending Balance $ 5,200,218

Schedule of Fair Value Measurement Inputs and Valuation Techniques
The following tables summarize the significant unobservable inputs supporting the fair value measurement of our investments in commercial loans:
$ in thousands March 31, 2026
Type
Fair Value(2)
Valuation Technique Unobservable Input
Weighted Average Rate(2)
Range
Weighted Average Life (years)(1)(2)
Commercial loans $ 4,093,348 Discounted cash flow Discount rate 6.23%
5.15% - 11.32%
0.25

(1)Based on expected cash flows and potential prepayments.
(2)Includes $4.0 billion of loans held outside of the CLO and $80.7 million of loans held by the consolidated CLO. Loans of $1.1 billion held by the CLO are valued using the more observable fair value of the notes issued by the CLO. However, because the Company’s $80.7 million of retained income notes issued by the CLO are valued using a discounted cash flow model, we are required to classify all loans held by the CLO as Level 3 based on the lowest-level input used in the valuation. Weighted average rate and weighted average life include the Company’s loans held outside the CLO and retained income notes issued by the CLO.
$ in thousands December 31, 2025
Type
Fair Value(2)
Valuation Technique Unobservable Input
Weighted Average Rate(2)
Range
Weighted Average Life (years)(1)(2)
Commercial loans $ 3,558,722 Discounted cash flow Discount rate 6.36%
5.14% - 11.44%
0.31
(1)Based on expected cash flows and potential prepayments.
(2)Includes $3.5 billion of loans held outside of the CLO and $80.7 million of loans held by the consolidated CLO. Loans of $1.1 billion held by the CLO are valued using the more observable fair value of the notes issued by the CLO. However, because the Company’s $80.7 million of retained income notes issued by the CLO are valued using a discounted cash flow model, we are required to classify all loans held by the CLO as Level 3 based on the lowest-level input used in the valuation. Weighted average rate and weighted average life include the Company’s loans held outside the CLO and retained income notes issued by the CLO.
The following tables summarize the significant unobservable inputs used in the fair value measurement of our secured financing facilities:
March 31, 2026
Type Valuation Technique Unobservable Input Weighted Average Rate Range
Weighted Average Life (years)(1)
Secured financing facilities Discounted cash flow Discount rate 5.18%
4.13% - 5.92%
0.22
December 31, 2025
Type Valuation Technique Unobservable Input Weighted Average Rate Range
Weighted Average Life (years)(1)
Secured financing facilities Discounted cash flow Discount rate 5.29%
4.12% - 6.04%
0.28

(1)Based on expected cash flows and potential prepayments.

Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table shows a reconciliation of the beginning and ending fair value measurements of our revolving credit facility:
$ in thousands Three Months Ended March 31, 2026
Beginning Balance $ 55,000
Proceeds from revolving credit facility 220,000
Repayment of revolving credit facility (259,000)
Net unrealized (gain) loss —
Ending Balance $ 16,000
Three Months Ended March 31, 2026
$ in thousands Secured Lending Agreements Term Lending Agreements Total
Beginning Balance $ 2,359,543 $ 223,033 $ 2,582,576
Proceeds from secured financing facilities 506,127 370 506,497
Repayments of secured financing facilities (34,596) — (34,596)
Net unrealized (gain) loss (237) (6) (243)
Unrealized foreign currency (gain) loss (9,899) — (9,899)
Ending Balance $ 2,820,938 $ 223,397 $ 3,044,335

X

- Definition
Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 101
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-101

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_FairValueDisclosuresAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 45 R32.htm IDEA: XBRL DOCUMENT v3.26.1

Accounts Payable, Accrued Expenses and Other Liabilities (Tables)
3 Months Ended

Mar. 31, 2026

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Liabilities
The following table details the components of accounts payable, accrued expenses and other liabilities as of March 31, 2026 and December 31, 2025:
$ in thousands March 31, 2026 December 31, 2025
Accounts payable and accrued expenses $ 5,098 $ 1,828
Subscriptions paid in advance (1)
32,095 27,886
Accrued common stock repurchases 6,244 905
Other liabilities 1,953 907
Total $ 45,390 $ 31,526

X

- References
No definition available.
+ Details

Name: us-gaap_PayablesAndAccrualsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.
+ References
No definition available.
+ Details

Name: us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 46 R33.htm IDEA: XBRL DOCUMENT v3.26.1

Related Party Transactions (Tables)
3 Months Ended

Mar. 31, 2026

Related Party Transactions [Abstract]

Schedule of Components of Due to Affiliates
The following table details the components of due to affiliates as of March 31, 2026 and December 31, 2025:
$ in thousands March 31, 2026 December 31, 2025
Advanced organizational, offering and operating expenses $ 10,034 $ 10,870
Reimbursable operating expenses 2,543 2,845
Adviser commitment fee payable 1,463 4,019
Stockholder servicing fees 24,701 22,723
Management fees 2,218 1,990
Performance fees 1,586 4,814
Total $ 42,545 $ 47,261
The following table summarizes stockholder servicing fees paid for the three months ended March 31, 2026 and 2025:
$ in thousands Class S
Shares Class S-1 Shares Class D
Shares Class D-1 Shares
For the three months ended March 31, 2026 $ 13 $ 1,099 $ — $ 1
For the three months ended March 31, 2025 $ — $ 435 $ — $ —
The following table summarizes the upfront selling commissions for each class of shares payable at the time of subscription and the stockholder servicing fee we pay the Dealer Manager on an annualized basis as a percentage of the NAV for such class:
Class S
Shares Class S-1 Shares Class D
Shares Class D -1
Shares Class I
Shares Class E
Shares Class F
Shares
Maximum Upfront Selling Commissions
(% of Transaction Price)
up to 3.5%
up to 3.5%
up to 1.5%
up to 1.5%
— — —
Stockholder Servicing Fee
(% of NAV) 0.85% 0.85% 0.25% 0.25% — — —
The tables below summarize the number of shares and the total purchase price of the shares owned by affiliates as of March 31, 2026 and December 31, 2025:
March 31, 2026
$ in thousands, except share amounts Class S Shares Class S-1 Shares Class D Shares Class D-1 Shares Class I Shares Class E Shares Class F Shares Total Purchase Price
Invesco Realty, Inc.(1)
1,196,923 — 1,197,628 — 1,194,434 1,189,256 — $ 120,000
Invesco Advisers, Inc.(2)
— — — — — 423,807 — 10,851
Members of our board of directors (3)
— — — — — 26,474 — 683
Total 1,196,923 — 1,197,628 — 1,194,434 1,639,537 — $ 131,534
December 31, 2025
$ in thousands, except share amounts Class S Shares Class S-1 Shares Class D Shares Class D-1 Shares Class I Shares Class E Shares Class F Shares Total Purchase Price
Invesco Realty, Inc.(1)
1,196,923 — 1,197,628 — 1,194,434 1,189,255 — $ 120,000
Invesco Advisers, Inc.(2)
— — — — — 270,269 — 6,895
Members of our board of directors (3)
— — — — — 26,248 — 675
Total 1,196,923 — 1,197,628 — 1,194,434 1,485,772 — $ 127,570
(1)Shares issued to Invesco Realty, Inc. are governed by the terms of the Invesco Subscription Agreement and classified as redeemable common shares on our condensed consolidated balance sheets. See Note 11 — “Redeemable Common Stock - Related Party” for further information.
(2)Shares issued to Invesco Advisers, Inc. are governed by the terms of our Advisory Agreement and classified as redeemable common shares on our condensed consolidated balance sheets. See Note 11 — “Redeemable Common Stock - Related Party” for further information.
(3)Represents shares issued to members of our board of directors, including stock awards under our share-based compensation plan. Total Purchase Price for stock awards issued under our share-based compensation plan represents the value of shares issued as equity compensation.

X

- References
No definition available.
+ Details

Name: us-gaap_RelatedPartyTransactionsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1
+ Details

Name: us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 47 R34.htm IDEA: XBRL DOCUMENT v3.26.1

Redeemable Common Stock - Related Party (Tables)
3 Months Ended

Mar. 31, 2026

Temporary Equity Disclosure [Abstract]

Schedule of Stock by Class
The following tables summarize the changes in redeemable common stock for the three months ended March 31, 2026 and 2025:
$ in thousands Class S Redeemable Common Stock Class D Redeemable Common Stock Class I Redeemable Common Stock Class E Redeemable Common Stock Total Redeemable Common Stock
Balance as of December 31, 2025 $ 30,027 $ 30,027 $ 30,023 $ 37,614 $ 127,691
Issuance of redeemable common stock — — — 6,804 6,804
Repurchase of redeemable common stock — — — (2,848) (2,848)
Adjustment to carrying value of redeemable common stock — — — 100 100
Balance as of March 31, 2026 $ 30,027 $ 30,027 $ 30,023 $ 41,670 $ 131,747
$ in thousands Class S Redeemable Common Shares Class D Redeemable Common Shares Class I Redeemable Common Shares Class E Redeemable Common Shares Total Redeemable Common Stock
Balance as of December 31, 2024 $ 37,554 $ 37,554 $ 37,565 $ 38,694 $ 151,367
Issuance of redeemable common stock — — — 2,814 2,814
Repurchase of redeemable common stock (7,500) (7,500) (7,500) (7,500) (30,000)
Adjustment to carrying value of redeemable common stock (4) (5) (1) 170 160
Balance as of March 31, 2025 $ 30,050 $ 30,049 $ 30,064 $ 34,178 $ 124,341
The following tables summarize the changes in our outstanding shares of redeemable common stock shares for the three months ended March 31, 2026 and 2025:
Class S Redeemable Common
Shares Class D Redeemable Common
Shares Class I Redeemable Common
Shares Class E Redeemable Common
Shares Total Redeemable Common Stock
Outstanding Shares as of December 31, 2025 1,196,923 1,197,628 1,194,434 1,459,524 5,048,509
Issuance of redeemable common stock — — — 264,024 264,024
Repurchase of redeemable common stock — — — (110,485) (110,485)
Outstanding Shares as of March 31, 2026 1,196,923 1,197,628 1,194,434 1,613,063 5,202,048
Class S Redeemable Common Shares Class D Redeemable Common Shares Class I Redeemable Common Shares Class E Redeemable Common Shares Total Redeemable Common Stock
Outstanding Shares as of December 31, 2024 1,496,143 1,497,041 1,492,906 1,519,133 6,005,223
Issuance of redeemable common stock — — — 110,485 110,485
Repurchase of redeemable common stock (299,220) (299,413) (298,472) (293,940) (1,191,045)
Outstanding Shares as of March 31, 2025 1,196,923 1,197,628 1,194,434 1,335,678 4,924,663

X

- Definition
Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-4

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-5

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481142/505-10-45-2

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-10

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7
+ Details

Name: us-gaap_ScheduleOfStockByClassTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_TemporaryEquityDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 48 R35.htm IDEA: XBRL DOCUMENT v3.26.1

Equity (Tables)
3 Months Ended

Mar. 31, 2026

Equity [Abstract]

Schedule of Common Stock Outstanding
The following table summarizes changes in our outstanding shares of common stock for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31, 2026
Class S
Shares Class S-1 Shares Class D
Shares Class D-1
Shares Class I
Shares Class E
Shares Class F Shares Total
Balance at December 31, 2025 1,416,104 20,330,131 1,208,568 — 9,702,409 1,631,350 8,880,172 43,168,734
Issuance of common stock 91,980 2,346,272 — 120,452 2,436,888 388 — 4,995,980
Common stock distribution reinvestment 1,514 253,222 212 752 94,842 2,051 165,637 518,230
Issuance of redeemable common shares(1)
— — — — — 264,024 — 264,024
Repurchase of common stock — (363,564) — — (410,594) — — (774,158)
Repurchase of redeemable common stock — — — — — (110,485) — (110,485)
Balance at March 31, 2026 1,509,598 22,566,061 1,208,780 121,204 11,823,545 1,787,328 9,045,809 48,062,325
Three Months Ended March 31, 2025
Class S
Shares Class S-1 Shares Class D
Shares Class D-1
Shares Class I
Shares Class E
Shares Class F Shares Total
Balance at December 31, 2024 1,502,214 7,226,062 1,499,147 — 4,171,608 1,635,105 8,218,258 24,252,394
Issuance of common stock 3,969 3,261,421 8,211 — 1,088,268 8,244 — 4,370,113
Common stock distribution reinvestment — 98,095 99 — 36,810 1,370 161,371 297,745
Issuance of redeemable common shares(1)
— — — — — 110,485 — 110,485
Repurchase of common stock (111) (21,833) (111) — (8,678) — — (30,733)
Repurchase of redeemable common stock (299,220) — (299,413) — (298,472) (293,940) — (1,191,045)
Balance at March 31, 2025 1,206,852 10,563,745 1,207,933 — 4,989,536 1,461,264 8,379,629 27,808,959
(1)Consists of shares issued to an Invesco affiliate for the payment of management fees and performance fees that are classified as redeemable common stock. See Note 11 — “Redeemable Common Stock - Related Party”.

Schedule of Dividends Declared
The following tables detail the aggregate distributions declared per share for each applicable class of stock for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31, 2026
Class S
Shares Class S-1
Shares Class D
Shares Class D-1
Shares Class I
Shares Class E
Shares Class F
Shares
Aggregate distribution declared per share $ 0.4800 $ 0.4800 $ 0.4800 $ 0.3200 $ 0.4800 $ 0.4800 $ 0.4800
Stockholder servicing fee per share (0.0099) (0.0524) (0.0001) (0.0101) — — —
Net distribution declared per share $ 0.4701 $ 0.4276 $ 0.4799 $ 0.3099 $ 0.4800 $ 0.4800 $ 0.4800
Three Months Ended March 31, 2025
Class S
Shares Class S-1
Shares Class D
Shares Class D-1
Shares Class I
Shares Class E
Shares
Class F
Shares(3)
Aggregate distribution declared per share $ 0.5000 $ 0.5000 $ 0.5000 — $ 0.5000 $ 0.5000 $ 0.5000
Stockholder servicing fee per share (0.0003) (0.0528) — — — — —
Net distribution declared per share $ 0.4997 $ 0.4472 $ 0.5000 $ — $ 0.5000 $ 0.5000 $ 0.5000

X

- Definition
Tabular disclosure of information related to dividends declared, including paid and unpaid dividends.
+ References
No definition available.
+ Details

Name: us-gaap_DividendsDeclaredTableTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_EquityAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the change in common stock outstanding.
+ References
No definition available.
+ Details

Name: us-gaap_ScheduleOfCommonStockOutstandingRollForwardTableTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 49 R36.htm IDEA: XBRL DOCUMENT v3.26.1

Earnings per Common Share (Tables)
3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted arnings per share for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31,
$ in thousands, except share and per share amounts 2026 2025
Net income (loss) available to common stockholders $ 19,713 $ 11,635
Weighted average common shares outstanding 46,541,642 27,233,292
Effect of dilutive restricted stock awards 225 76
Diluted weighted average common shares outstanding 46,541,867 27,233,368
Earnings (loss) per share:
Basic $ 0.42 $ 0.43
Diluted $ 0.42 $ 0.43

X

- References
No definition available.
+ Details

Name: us-gaap_EarningsPerShareAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1
+ Details

Name: us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

XML 50 R37.htm IDEA: XBRL DOCUMENT v3.26.1

Subsequent Events (Tables)
3 Months Ended

Mar. 31, 2026

Subsequent Events [Abstract]

Schedule of Stockholders Equity
Subsequent to March 31, 2026, we issued the following shares of common stock:
$ in thousands except share amounts Shares Issued to Third Parties
Shares Issued to Affiliates(1)(2)
DRP Shares(3)
Class S 5,090 301,575 773
Class S-1 1,783,305 — 90,044
Class D — 301,860 72
Class D-1 200,968 — 753
Class I 1,628,457 300,693 35,499
Class E 3,434 376,191 638
Class F — — 55,821
Total 3,621,254 1,280,319 183,600
Total net proceeds(4)
$ 90,391 $ 30,000 $ 4,639
(1)Affiliates include related parties discussed in Note 10 — “Related Party Transactions”.
(2)Includes 85,861 Class E shares issued to our Adviser as payment for management fees of $2.2 million which is excluded from total net proceeds.
(3)Represents shares issued under our distribution reinvestment plan.
(4)With respect to Shares Issued to Affiliates, total net proceeds represents the total value of shares of our common stock purchased by Invesco Realty under the Invesco Subscription agreement. With respect to DRP Shares, total net proceeds represents the total value of shares issued under our distribution reinvestment plan.
Subsequent to March 31, 2026, we repurchased the following stock:
$ in thousands except share amounts Shares Repurchased from
Third-Parties
Shares Repurchased from Affiliates(1)
Class S — —
Class S-1 49,359 —
Class D — —
Class D-1 — —
Class I 130,382 —
Class E — —
Class F — —
Total 179,741 —
Total repurchases $ 4,485 $ —
(1)Affiliates include related parties discussed in Note 10 — “Related Party Transactions”.

X

- Definition
Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
+ Details

Name: us-gaap_ScheduleOfStockholdersEquityTableTextBlock

Namespace Prefix: us-gaap_

Data Type: dtr-types:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_SubsequentEventsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 51 R38.htm IDEA: XBRL DOCUMENT v3.26.1

Organization and Business Purpose (Details)
3 Months Ended

Mar. 31, 2026

segment

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Number of operating segments 1

X

- Definition
Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-18
+ Details

Name: us-gaap_NumberOfOperatingSegments

Namespace Prefix: us-gaap_

Data Type: xbrli:integerItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 52 R39.htm IDEA: XBRL DOCUMENT v3.26.1

Summary of Significant Accounting Policies (Details) - USD ($)
3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Concentration Risk [Line Items]

Tax expense $ 13,000 $ 0

Loan Servicer

Concentration Risk [Line Items]

Other assets $ 37,500,000

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-20

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482836/275-10-55-18

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-20

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 954
-SubTopic 310
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478785/954-310-50-2
+ Details

Name: us-gaap_ConcentrationRiskLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
+ Details

Name: us-gaap_IncomeTaxExpenseBenefit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of assets classified as other.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(10))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(17))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details

Name: us-gaap_OtherAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Details

Name: srt_CounterpartyNameAxis=incref_LoanServicerMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 53 R40.htm IDEA: XBRL DOCUMENT v3.26.1

Commercial Real Estate Loan Investments - Schedule of Investments in Commercial Real Estate Loans (Details) - Commercial real estate loan investments - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended

Mar. 31, 2026

Dec. 31, 2025

Fair Value, Option, Quantitative Disclosures [Line Items]

Loan amount $ 5,575,099 $ 5,055,649

Principal Balance Outstanding 5,193,289 4,695,199

Fair Value $ 5,200,218 $ 4,702,728

Weighted Average Interest Rate (in percent) 6.33% 6.43%

Weighted Average Life (years) 3 years 10 months 2 days 3 years 10 months 28 days

Senior loans

Fair Value, Option, Quantitative Disclosures [Line Items]

Loan amount $ 5,545,099 $ 5,025,649

Principal Balance Outstanding 5,167,516 4,670,191

Fair Value $ 5,174,445 $ 4,677,720

Weighted Average Interest Rate (in percent) 6.30% 6.40%

Weighted Average Life (years) 3 years 10 months 2 days 3 years 10 months 28 days

Mezzanine loans

Fair Value, Option, Quantitative Disclosures [Line Items]

Loan amount $ 30,000 $ 30,000

Principal Balance Outstanding 25,773 25,008

Fair Value $ 25,773 $ 25,008

Weighted Average Interest Rate (in percent) 12.00% 12.00%

Weighted Average Life (years) 3 years 7 months 2 days 3 years 10 months 2 days

X

- Definition
Fair Value, Option, Contractual Principal Amount, Assets
+ References
No definition available.
+ Details

Name: incref_FairValueOptionContractualPrincipalAmountAssets

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Fair Value, Option, Contractual Principal Outstanding, Assets
+ References
No definition available.
+ Details

Name: incref_FairValueOptionContractualPrincipalOutstandingAssets

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Fair Value, Option, Fair Value Carrying Amount, Assets
+ References
No definition available.
+ Details

Name: incref_FairValueOptionFairValueCarryingAmountAssets

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Fair Value, Option, Weighted Average Interest Rate
+ References
No definition available.
+ Details

Name: incref_FairValueOptionWeightedAverageInterestRate

Namespace Prefix: incref_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Fair Value, Option, Weighted Average Term
+ References
No definition available.
+ Details

Name: incref_FairValueOptionWeightedAverageTerm

Namespace Prefix: incref_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-32
+ Details

Name: us-gaap_FairValueOptionQuantitativeDisclosuresLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_CommercialRealEstateLoanInvestmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_InvestmentTypeAxis=us-gaap_SeniorLoansMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_InvestmentTypeAxis=incref_MezzanineLoansMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 54 R41.htm IDEA: XBRL DOCUMENT v3.26.1

Commercial Real Estate Loan Investments - Schedule of Property Type And Geographic Distribution (Details) - Commercial real estate loan investments
$ in Thousands, € in Millions, £ in Millions
3 Months Ended 12 Months Ended

Mar. 31, 2026

USD ($)

Dec. 31, 2025

USD ($)

Mar. 31, 2026

GBP (£)

Mar. 31, 2026

EUR (€)

Fair Value, Option, Quantitative Disclosures [Line Items]

Fair Value $ 5,200,218 $ 4,702,728

Commercial Real Estate Loan Investments Benchmark | Property Type Concentration Risk

Fair Value, Option, Quantitative Disclosures [Line Items]

Concentration risk (in percent) 100.00% 100.00%

Commercial Real Estate Loan Investments Benchmark | Geographic Concentration Risk

Fair Value, Option, Quantitative Disclosures [Line Items]

Concentration risk (in percent) 100.00% 100.00%

United States

Fair Value, Option, Quantitative Disclosures [Line Items]

Fair Value $ 4,392,836 $ 4,100,380

United States | Commercial Real Estate Loan Investments Benchmark | Geographic Concentration Risk

Fair Value, Option, Quantitative Disclosures [Line Items]

Concentration risk (in percent) 84.50% 87.20%

East

Fair Value, Option, Quantitative Disclosures [Line Items]

Fair Value $ 1,447,748 $ 1,409,703

East | Commercial Real Estate Loan Investments Benchmark | Geographic Concentration Risk

Fair Value, Option, Quantitative Disclosures [Line Items]

Concentration risk (in percent) 27.90% 30.00%

South

Fair Value, Option, Quantitative Disclosures [Line Items]

Fair Value $ 1,217,646 $ 1,107,282

South | Commercial Real Estate Loan Investments Benchmark | Geographic Concentration Risk

Fair Value, Option, Quantitative Disclosures [Line Items]

Concentration risk (in percent) 23.40% 23.50%

West

Fair Value, Option, Quantitative Disclosures [Line Items]

Fair Value $ 1,129,770 $ 986,262

West | Commercial Real Estate Loan Investments Benchmark | Geographic Concentration Risk

Fair Value, Option, Quantitative Disclosures [Line Items]

Concentration risk (in percent) 21.70% 21.00%

Various U.S

Fair Value, Option, Quantitative Disclosures [Line Items]

Fair Value $ 474,875 $ 474,366

Various U.S | Commercial Real Estate Loan Investments Benchmark | Geographic Concentration Risk

Fair Value, Option, Quantitative Disclosures [Line Items]

Concentration risk (in percent) 9.10% 10.10%

Midwest

Fair Value, Option, Quantitative Disclosures [Line Items]

Fair Value $ 122,797 $ 122,767

Midwest | Commercial Real Estate Loan Investments Benchmark | Geographic Concentration Risk

Fair Value, Option, Quantitative Disclosures [Line Items]

Concentration risk (in percent) 2.40% 2.60%

Non-US

Fair Value, Option, Quantitative Disclosures [Line Items]

Fair Value $ 807,382 $ 602,348

Non-US | Commercial Real Estate Loan Investments Benchmark | Geographic Concentration Risk

Fair Value, Option, Quantitative Disclosures [Line Items]

Concentration risk (in percent) 15.50% 12.80%

United Kingdom

Fair Value, Option, Quantitative Disclosures [Line Items]

Fair Value $ 535,029 $ 324,365 £ 404.8

United Kingdom | Commercial Real Estate Loan Investments Benchmark | Geographic Concentration Risk

Fair Value, Option, Quantitative Disclosures [Line Items]

Concentration risk (in percent) 10.30% 6.90%

Europe

Fair Value, Option, Quantitative Disclosures [Line Items]

Fair Value $ 272,353 $ 277,983

Europe | Commercial Real Estate Loan Investments Benchmark | Geographic Concentration Risk

Fair Value, Option, Quantitative Disclosures [Line Items]

Concentration risk (in percent) 5.20% 5.90%

France, Spain and Italy

Fair Value, Option, Quantitative Disclosures [Line Items]

Fair Value | € € 236.7

Multifamily

Fair Value, Option, Quantitative Disclosures [Line Items]

Fair Value $ 2,750,140 $ 2,292,433

Multifamily | Commercial Real Estate Loan Investments Benchmark | Property Type Concentration Risk

Fair Value, Option, Quantitative Disclosures [Line Items]

Concentration risk (in percent) 52.90% 48.70%

Industrial

Fair Value, Option, Quantitative Disclosures [Line Items]

Fair Value $ 1,889,528 $ 1,870,741

Industrial | Commercial Real Estate Loan Investments Benchmark | Property Type Concentration Risk

Fair Value, Option, Quantitative Disclosures [Line Items]

Concentration risk (in percent) 36.30% 39.80%

Student housing

Fair Value, Option, Quantitative Disclosures [Line Items]

Fair Value $ 345,945 $ 343,204

Student housing | Commercial Real Estate Loan Investments Benchmark | Property Type Concentration Risk

Fair Value, Option, Quantitative Disclosures [Line Items]

Concentration risk (in percent) 6.70% 7.30%

Self-storage

Fair Value, Option, Quantitative Disclosures [Line Items]

Fair Value $ 214,605 $ 196,350

Self-storage | Commercial Real Estate Loan Investments Benchmark | Property Type Concentration Risk

Fair Value, Option, Quantitative Disclosures [Line Items]

Concentration risk (in percent) 4.10% 4.20%

X

- Definition
Fair Value, Option, Fair Value Carrying Amount, Assets
+ References
No definition available.
+ Details

Name: incref_FairValueOptionFairValueCarryingAmountAssets

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-20

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18
+ Details

Name: us-gaap_ConcentrationRiskPercentage1

Namespace Prefix: us-gaap_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-32
+ Details

Name: us-gaap_FairValueOptionQuantitativeDisclosuresLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_CommercialRealEstateLoanInvestmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_ConcentrationRiskByBenchmarkAxis=incref_CommercialRealEstateLoanInvestmentsBenchmarkMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_ConcentrationRiskByTypeAxis=incref_PropertyTypeConcentrationRiskMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_ConcentrationRiskByTypeAxis=us-gaap_GeographicConcentrationRiskMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementGeographicalAxis=country_US

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementGeographicalAxis=us-gaap_EastRegionMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementGeographicalAxis=us-gaap_SouthRegionMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementGeographicalAxis=us-gaap_WestRegionMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementGeographicalAxis=incref_VariousU.SMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementGeographicalAxis=us-gaap_MidwestRegionMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementGeographicalAxis=us-gaap_NonUsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementGeographicalAxis=country_GB

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementGeographicalAxis=srt_EuropeMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementGeographicalAxis=incref_FranceSpainAndItalyMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_MultifamilyMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_IndustrialPropertyMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=incref_StudentHousingMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=incref_SelfStorageMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 55 R42.htm IDEA: XBRL DOCUMENT v3.26.1

Commercial Real Estate Loan Investments - Narrative (Details) - Commercial real estate loan investments - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Fair Value, Option, Quantitative Disclosures [Line Items]

Weighted average loan-to-value ratio 66.00%

Interest income $ 77,125 $ 46,841

United States

Fair Value, Option, Quantitative Disclosures [Line Items]

Interest income 67,000 42,100

Non-US

Fair Value, Option, Quantitative Disclosures [Line Items]

Interest income $ 10,100 $ 4,700

X

- Definition
Fair Value, Option, Weighted Average Loan-To-Value Ratio
+ References
No definition available.
+ Details

Name: incref_FairValueOptionWeightedAverageLoanToValueRatio

Namespace Prefix: incref_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-32
+ Details

Name: us-gaap_FairValueOptionQuantitativeDisclosuresLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 310
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479255/942-310-S50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 310
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.H.2.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478116/942-310-S99-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column E)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column E)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 45
-Paragraph 39
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477346/946-830-45-39

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(1)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column E)(Footnote 6)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6
+ Details

Name: us-gaap_InterestIncomeOperating

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_CommercialRealEstateLoanInvestmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementGeographicalAxis=country_US

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementGeographicalAxis=us-gaap_NonUsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 56 R43.htm IDEA: XBRL DOCUMENT v3.26.1

Real Estate-Related Securities - Schedule Of Real Estate-Related Securities (Details) - Real estate-related securities - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended

Mar. 31, 2026

Dec. 31, 2025

Fair Value, Option, Quantitative Disclosures [Line Items]

Principal Balance $ 17,220 $ 14,770

Unamortized Premium (Discount) (38) (38)

Amortized Cost 17,182 14,732

Unrealized Gain (Loss), Net 40 86

Fair Value $ 17,222 $ 14,818

Period-end Weighted Average Yield (in percent) 6.16% 6.29%

X

- Definition
Fair Value, Option At Amortized Cost
+ References
No definition available.
+ Details

Name: incref_FairValueOptionAtAmortizedCost

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Fair Value, Option, Contractual Principal Amount, Assets
+ References
No definition available.
+ Details

Name: incref_FairValueOptionContractualPrincipalAmountAssets

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Fair Value, Option, Fair Value Carrying Amount, Assets
+ References
No definition available.
+ Details

Name: incref_FairValueOptionFairValueCarryingAmountAssets

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Fair Value, Option, Unamortized Premium (Discount)
+ References
No definition available.
+ Details

Name: incref_FairValueOptionUnamortizedPremiumDiscount

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Fair Value, Option, Unrealized Gain (Loss)
+ References
No definition available.
+ Details

Name: incref_FairValueOptionUnrealizedGainLoss

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Fair Value, Option, Weighted Average Interest Rate
+ References
No definition available.
+ Details

Name: incref_FairValueOptionWeightedAverageInterestRate

Namespace Prefix: incref_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-32
+ Details

Name: us-gaap_FairValueOptionQuantitativeDisclosuresLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_RealEstateRelatedSecuritiesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 57 R44.htm IDEA: XBRL DOCUMENT v3.26.1

Real Estate-Related Securities - Schedule Of Gain (Loss) On Real Estate-Related Securities (Details) - Real estate-related securities - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Fair Value, Option, Quantitative Disclosures [Line Items]

Realized Gain (Loss), Net $ 0

Unrealized Gain (Loss), Net (46)

Gain (Loss), Net $ (46) $ 0

X

- Definition
Fair Value, Option, Changes in Fair Value, Realized Gain (Loss)
+ References
No definition available.
+ Details

Name: incref_FairValueOptionChangesInFairValueRealizedGainLoss

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Fair Value, Option, Changes in Fair Value, Unrealized Gain (Loss)
+ References
No definition available.
+ Details

Name: incref_FairValueOptionChangesInFairValueUnrealizedGainLoss

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-32
+ Details

Name: us-gaap_FairValueOptionChangesInFairValueGainLoss1

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-32
+ Details

Name: us-gaap_FairValueOptionQuantitativeDisclosuresLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_RealEstateRelatedSecuritiesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 58 R45.htm IDEA: XBRL DOCUMENT v3.26.1

Borrowings - Schedule of Repurchase Agreement and Revolving Line of Credit Borrowings (Details)
$ in Thousands, € in Millions, £ in Millions

Mar. 31, 2026

USD ($)

Mar. 31, 2026

EUR (€)

Mar. 31, 2026

GBP (£)

Dec. 31, 2025

USD ($)

Secured Debt

Debt Instrument [Line Items]

Amount Outstanding $ 3,060,414

Secured Debt | Line of Credit

Debt Instrument [Line Items]

Maximum Facility Size 4,579,440

Available Capacity 1,535,026

Amount Outstanding 3,044,414 $ 2,582,412

Fair Value 3,044,335 2,582,576

Secured Debt | Term Lending Agreements

Debt Instrument [Line Items]

Amount Outstanding 223,397

Secured Debt | Term Lending Agreements | Line of Credit

Debt Instrument [Line Items]

Fair Value $ 223,397 223,033

Secured Debt | Term Lending Agreements | Line of Credit | INCREF Lending II

Debt Instrument [Line Items]

Weighted Average Interest rate (in percent) 5.94% 5.94% 5.94%

Maximum Facility Size $ 300,000

Available Capacity 144,603

Amount Outstanding 155,397 155,027

Fair Value $ 155,397 155,033

Secured Debt | Term Lending Agreements | Line of Credit | INCREF Lending III

Debt Instrument [Line Items]

Weighted Average Interest rate (in percent) 5.17% 5.17% 5.17%

Maximum Facility Size $ 72,840

Available Capacity 4,840

Amount Outstanding 68,000 68,000

Fair Value $ 68,000 68,000

Secured Debt | Secured Lending Agreements | Line of Credit | Morgan Stanley Bank

Debt Instrument [Line Items]

Weighted Average Interest rate (in percent) 5.33% 5.33% 5.33%

Maximum Facility Size $ 750,000

Available Capacity 69,430

Amount Outstanding 680,570 713,335

Fair Value $ 680,474 713,335

Secured Debt | Secured Lending Agreements | Line of Credit | Citibank

Debt Instrument [Line Items]

Weighted Average Interest rate (in percent) 5.07% 5.07% 5.07%

Maximum Facility Size $ 1,000,000

Available Capacity 417,996

Amount Outstanding 582,004 590,301

Fair Value $ 582,004 € 189.4 £ 192.8 590,401

Secured Debt | Secured Lending Agreements | Line of Credit | Barclays

Debt Instrument [Line Items]

Weighted Average Interest rate (in percent) 5.15% 5.15% 5.15%

Maximum Facility Size $ 500,000

Available Capacity 77,106

Amount Outstanding 422,894 328,897

Fair Value $ 422,894 328,897

Secured Debt | Secured Lending Agreements | Line of Credit | Wells Fargo

Debt Instrument [Line Items]

Weighted Average Interest rate (in percent) 5.16% 5.16% 5.16%

Maximum Facility Size $ 1,200,000

Available Capacity 629,095

Amount Outstanding 570,905 340,663

Fair Value $ 570,892 £ 125.0 340,664

Secured Debt | Secured Lending Agreements | Line of Credit | Bank of Montreal

Debt Instrument [Line Items]

Weighted Average Interest rate (in percent) 5.00% 5.00% 5.00%

Maximum Facility Size $ 256,600

Available Capacity 0

Amount Outstanding 256,600 256,600

Fair Value $ 256,600 256,600

Secured Debt | Secured Lending Agreements | Line of Credit | INCREF Repurchase I

Debt Instrument [Line Items]

Weighted Average Interest rate (in percent) 5.15% 5.15% 5.15%

Maximum Facility Size $ 250,000

Available Capacity 74,964

Amount Outstanding 175,036 129,589

Fair Value $ 175,066 129,646

Secured Debt | Secured Lending Agreements | Line of Credit | INCREF Repurchase II

Debt Instrument [Line Items]

Weighted Average Interest rate (in percent) 5.12% 5.12% 5.12%

Maximum Facility Size $ 250,000

Available Capacity 116,992

Amount Outstanding 133,008

Fair Value 133,008

Revolving Credit Facility

Debt Instrument [Line Items]

Amount Outstanding $ 16,000

Revolving Credit Facility | Line of Credit

Debt Instrument [Line Items]

Weighted Average Interest rate (in percent) 6.57% 6.57% 6.57%

Maximum Facility Size $ 162,000

Available Capacity 146,000

Amount Outstanding 16,000 55,000

Fair Value $ 16,000 $ 55,000

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69F
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69F

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 30: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 31: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482900/835-30-50-1
+ Details

Name: us-gaap_DebtInstrumentLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average interest rate of debt outstanding.
+ References
No definition available.
+ Details

Name: us-gaap_DebtWeightedAverageInterestRate

Namespace Prefix: us-gaap_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details

Name: us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding).
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details

Name: us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(16)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-4
+ Details

Name: us-gaap_LongTermDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_LongTermDebtFairValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_SecuredDebtMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=incref_TermLendingAgreementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LineOfCreditFacilityAxis=incref_INCREFLendingIIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LineOfCreditFacilityAxis=incref_INCREFLendingIIIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=incref_SecuredLendingAgreementsRepurchaseAgreementsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LineOfCreditFacilityAxis=incref_MorganStanleyBankMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LineOfCreditFacilityAxis=incref_CitibankMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LineOfCreditFacilityAxis=incref_BarclaysMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LineOfCreditFacilityAxis=incref_WellsFargoMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LineOfCreditFacilityAxis=incref_BankOfMontrealMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LineOfCreditFacilityAxis=incref_INCREFRepurchaseIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LineOfCreditFacilityAxis=incref_INCREFRepurchaseIIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 59 R46.htm IDEA: XBRL DOCUMENT v3.26.1

Borrowings - Narrative (Details) - Line of Credit
$ in Thousands, € in Millions, £ in Millions
1 Months Ended 3 Months Ended

Mar. 31, 2026

USD ($)

Mar. 31, 2026

EUR (€)

Mar. 31, 2026

GBP (£)

Mar. 31, 2026

USD ($)

d

Mar. 31, 2026

EUR (€)

Mar. 31, 2026

GBP (£)

Feb. 28, 2026

USD ($)

Dec. 31, 2025

USD ($)

Jul. 31, 2024

USD ($)

lender

Secured Debt

Line of Credit Facility [Line Items]

Maximum borrowings $ 4,579,440 $ 4,579,440

Borrowings 3,044,335 3,044,335 $ 2,582,576

Secured Debt | Term Lending Agreements

Line of Credit Facility [Line Items]

Borrowings 223,397 223,397 223,033

Secured Debt | Term Lending Agreements | INCREF Lending II

Line of Credit Facility [Line Items]

Loans pledged as collateral 198,700 198,700

Maximum borrowings 300,000 300,000

Borrowings 155,397 155,397 155,033

Secured Debt | Term Lending Agreements | INCREF Lending III

Line of Credit Facility [Line Items]

Loans pledged as collateral 85,000 85,000

Maximum borrowings 72,840 72,840

Borrowings 68,000 68,000 68,000

Secured Debt | Secured Lending Agreements

Line of Credit Facility [Line Items]

Loans pledged as collateral $ 3,500,000

Number of financial institutions | lender 7

Secured Debt | Secured Lending Agreements | INCREF Repurchase II

Line of Credit Facility [Line Items]

Loans pledged as collateral $ 166,300

Maximum borrowings 250,000 250,000

Borrowings 133,008 133,008

Secured Debt | Secured Lending Agreements | Citibank

Line of Credit Facility [Line Items]

Maximum borrowings 1,000,000 1,000,000

Borrowings 582,004 582,004 € 189.4 £ 192.8 590,401

Secured Debt | Secured Lending Agreements | Wells Fargo

Line of Credit Facility [Line Items]

Maximum borrowings 1,200,000 1,200,000

Borrowings 570,892 570,892 £ 125.0 340,664

Added capacity 700,000 € 123.0 £ 255.4

Secured Debt | Master Repurchase Agreement | INCREF Repurchase II

Line of Credit Facility [Line Items]

Loans pledged as collateral $ 250,000

Revolving Credit Facility

Line of Credit Facility [Line Items]

Maximum borrowings 162,000 162,000

Borrowings $ 16,000 $ 16,000 $ 55,000

Revolving Credit Facility | Uncommitted Tranche, Subscription Agreements Credit Facility

Line of Credit Facility [Line Items]

Threshold business days | d 15

Revolving Credit Facility | Funded Tranche, Subscription Agreements Credit Facility

Line of Credit Facility [Line Items]

Threshold years from issuance 3 years

Threshold years from after notice | d 360

Revolving Credit Facility | Subscription Agreements Credit Facility

Line of Credit Facility [Line Items]

Threshold days | d 30

X

- Definition
Fair Value, Option, Fair Value of Collateral, Assets
+ References
No definition available.
+ Details

Name: incref_FairValueOptionFairValueOfCollateralAssets

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Line of Credit Facility, Due On Demand, Trading Days After Notice, Threshold
+ References
No definition available.
+ Details

Name: incref_LineOfCreditFacilityDueOnDemandTradingDaysAfterNoticeThreshold

Namespace Prefix: incref_

Data Type: xbrli:integerItemType

Balance Type: na

Period Type: duration

X

- Definition
Line of Credit Facility, Due, Period Prior To Last Issuance Date
+ References
No definition available.
+ Details

Name: incref_LineOfCreditFacilityDuePeriodPriorToLastIssuanceDate

Namespace Prefix: incref_

Data Type: xbrli:integerItemType

Balance Type: na

Period Type: duration

X

- Definition
Line of Credit Facility, Due, Term From Issuance
+ References
No definition available.
+ Details

Name: incref_LineOfCreditFacilityDueTermFromIssuance

Namespace Prefix: incref_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Line of Credit Facility, Due, Trading Days After Notice
+ References
No definition available.
+ Details

Name: incref_LineOfCreditFacilityDueTradingDaysAfterNotice

Namespace Prefix: incref_

Data Type: xbrli:integerItemType

Balance Type: na

Period Type: duration

X

- Definition
Long-Term Debt, Number Of Lenders
+ References
No definition available.
+ Details

Name: incref_LongTermDebtNumberOfLenders

Namespace Prefix: incref_

Data Type: xbrli:integerItemType

Balance Type: na

Period Type: instant

X

- Definition
Amount of increase (decrease) of the credit facility.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
+ Details

Name: us-gaap_LineOfCreditFacilityIncreaseDecreaseForPeriodNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6
+ Details

Name: us-gaap_LineOfCreditFacilityLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details

Name: us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_LongTermDebtFairValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_SecuredDebtMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=incref_TermLendingAgreementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LineOfCreditFacilityAxis=incref_INCREFLendingIIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LineOfCreditFacilityAxis=incref_INCREFLendingIIIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=incref_SecuredLendingAgreementsRepurchaseAgreementsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LineOfCreditFacilityAxis=incref_INCREFRepurchaseIIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LineOfCreditFacilityAxis=incref_CitibankMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LineOfCreditFacilityAxis=incref_WellsFargoMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=incref_MasterRepurchaseAgreementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=incref_SubscriptionAgreementsCreditFacilityUncommittedTrancheMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=incref_SubscriptionAgreementsCreditFacilityFundedTrancheMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=incref_SubscriptionAgreementsCreditFacilityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 60 R47.htm IDEA: XBRL DOCUMENT v3.26.1

Borrowings - Schedule of Net Exposure With Counterparties Where Amount At Risk Exceeded 10.0% of Stockholders’ Equity (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended

Mar. 31, 2026

Dec. 31, 2025

Line of Credit Facility [Line Items]

Net Counterparty Exposure $ 693,727 $ 442,203

Weighted Average Life (in years) 3 years 2 months 1 day 3 years 5 months 12 days

Secured Debt

Line of Credit Facility [Line Items]

Outstanding Principal $ 2,668,370 $ 1,715,263

Morgan Stanley Bank

Line of Credit Facility [Line Items]

Net Counterparty Exposure $ 176,662 $ 186,066

Weighted Average Life (in years) 2 years 8 months 4 days 2 years 11 months 1 day

Morgan Stanley Bank | Secured Debt

Line of Credit Facility [Line Items]

Outstanding Principal $ 680,570 $ 713,335

Citibank

Line of Credit Facility [Line Items]

Net Counterparty Exposure $ 145,501 $ 148,674

Weighted Average Life (in years) 3 years 3 months 25 days 3 years 6 months 21 days

Citibank | Secured Debt

Line of Credit Facility [Line Items]

Outstanding Principal $ 582,004 $ 590,301

Bank of Montreal

Line of Credit Facility [Line Items]

Net Counterparty Exposure $ 107,449 $ 107,463

Weighted Average Life (in years) 3 years 11 months 8 days 4 years 2 months 4 days

Bank of Montreal | Secured Debt

Line of Credit Facility [Line Items]

Outstanding Principal $ 411,997 $ 411,627

Barclays

Line of Credit Facility [Line Items]

Net Counterparty Exposure $ 107,993

Weighted Average Life (in years) 3 years 25 days

Barclays | Secured Debt

Line of Credit Facility [Line Items]

Outstanding Principal $ 422,894

Wells Fargo

Line of Credit Facility [Line Items]

Net Counterparty Exposure $ 156,122

Weighted Average Life (in years) 3 years 1 month 24 days

Wells Fargo | Secured Debt

Line of Credit Facility [Line Items]

Outstanding Principal $ 570,905

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6
+ Details

Name: us-gaap_LineOfCreditFacilityLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(16)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-4
+ Details

Name: us-gaap_LongTermDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The amount at risk under repurchase agreements is defined as the excess of carrying amount (or market value, if higher than the carrying amount or if there is no carrying amount) of the securities or other assets sold under agreement to repurchase, including accrued interest plus any cash or other assets on deposit to secure the repurchase obligation, over the amount of the repurchase liability (adjusted for accrued interest).
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(m)(1)(iii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
+ Details

Name: us-gaap_RepurchaseAgreementCounterpartyAmountAtRisk

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Weighted average maturity (weighted by amount of the agreement) of repurchase agreements with the counterparty, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(m)(1)(iii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1
+ Details

Name: us-gaap_RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_LongtermDebtTypeAxis=us-gaap_SecuredDebtMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CounterpartyNameAxis=incref_MorganStanleyBankMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CounterpartyNameAxis=incref_CitibankMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CounterpartyNameAxis=incref_BankOfMontrealMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CounterpartyNameAxis=incref_BarclaysMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CounterpartyNameAxis=incref_WellsFargoMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 61 R48.htm IDEA: XBRL DOCUMENT v3.26.1

Borrowings - Schedule of Maturities of Outstanding Borrowings (Details)
$ in Thousands

Mar. 31, 2026

USD ($)

Secured Debt

Debt Instrument [Line Items]

2026 (remaining) $ 16,000

2027 0

2028 680,570

2029 1,266,275

2030 526,664

2031 570,905

Thereafter 0

Total 3,060,414

Secured Debt | Secured Lending Agreements

Debt Instrument [Line Items]

2026 (remaining) 0

2027 0

2028 680,570

2029 1,137,906

2030 431,636

2031 570,905

Thereafter 0

Total 2,821,017

Secured Debt | Term Lending Agreements

Debt Instrument [Line Items]

2026 (remaining) 0

2027 0

2028 0

2029 128,369

2030 95,028

2031 0

Thereafter 0

Total 223,397

Revolving Credit Facility

Debt Instrument [Line Items]

2026 (remaining) 16,000

2027 0

2028 0

2029 0

2030 0

2031 0

Thereafter 0

Total $ 16,000

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69F
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69F

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 30: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 31: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482900/835-30-50-1
+ Details

Name: us-gaap_DebtInstrumentLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(16)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-4
+ Details

Name: us-gaap_LongTermDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing after fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E
+ Details

Name: us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1
+ Details

Name: us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1
+ Details

Name: us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1
+ Details

Name: us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1
+ Details

Name: us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1
+ Details

Name: us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in remainder of current fiscal year.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3
+ Details

Name: us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_SecuredDebtMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=incref_SecuredLendingAgreementsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=incref_TermLendingAgreementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 62 R49.htm IDEA: XBRL DOCUMENT v3.26.1

Collateralized Loan Obligations - Schedule of Collateralized Loan Obligations (Details) - Collateralized loan obligations
$ in Thousands

Mar. 31, 2026

USD ($)

instrument

Dec. 31, 2025

USD ($)

May 31, 2025

USD ($)

Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]

Weighted Average Interest Rate (in percent) 5.63%

Facility, Amount Outstanding $ 998,234

Facility, Fair Value $ 1,004,858 $ 1,005,157

Asset Pledged as Collateral

Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]

Collateral, Count | instrument 29

Collateral, Principal Balance Outstanding $ 1,180,591

Collateral, Fair Value $ 1,187,520 $ 1,200,000

X

- Definition
Fair Value, Option, Fair Value Carrying Amount, Liability
+ References
No definition available.
+ Details

Name: incref_FairValueOptionFairValueCarryingAmountLiability

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Fair Value, Option, Weighted Average Interest Rate
+ References
No definition available.
+ Details

Name: incref_FairValueOptionWeightedAverageInterestRate

Namespace Prefix: incref_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Transfers Accounted For As Secured Borrowings, Assets, Principal Amount
+ References
No definition available.
+ Details

Name: incref_TransfersAccountedForAsSecuredBorrowingsAssetsPrincipalAmount

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Transfers Accounted for as Secured Borrowings, Number Of Instruments
+ References
No definition available.
+ Details

Name: incref_TransfersAccountedForAsSecuredBorrowingsNumberOfInstruments

Namespace Prefix: incref_

Data Type: xbrli:integerItemType

Balance Type: na

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_AssetsAndAssociatedLiabilitiesOfTransfersAccountedForAsSecuredBorrowingsLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Carrying amount of financial assets accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)(1)
-SubTopic 30
-Topic 860
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A
+ Details

Name: us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Carrying amount of liabilities associated with financial assets accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A
+ Details

Name: us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_FinancialInstrumentAxis=us-gaap_CollateralizedLoanObligationsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_PledgedStatusAxis=us-gaap_AssetPledgedAsCollateralMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 63 R50.htm IDEA: XBRL DOCUMENT v3.26.1

Collateralized Loan Obligations - Narrative (Details) - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

May 31, 2025

Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]

Interest expense $ 51,619 $ 31,297

Collateralized loan obligations

Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]

Face amount of notes $ 1,200,000

Retention 219,100

Discount 2,500

Interest expense 14,700

Collateralized loan obligations | Asset Pledged as Collateral

Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]

Collateral at fair value 1,187,520 $ 1,200,000

Proceeds from issuance of collateralized loan obligations $ 995,700

X

- Definition
Proceeds from Issuance of Collateralized Loan Obligations
+ References
No definition available.
+ Details

Name: incref_ProceedsFromIssuanceOfCollateralizedLoanObligations

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_AssetsAndAssociatedLiabilitiesOfTransfersAccountedForAsSecuredBorrowingsLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Face (par) amount of debt instrument at time of issuance.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482900/835-30-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2
+ Details

Name: us-gaap_DebtInstrumentFaceAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount, after accumulated amortization, of debt discount.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-1A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482900/835-30-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D
+ Details

Name: us-gaap_DebtInstrumentUnamortizedDiscount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of interest expense classified as operating.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1
+ Details

Name: us-gaap_InterestExpenseOperating

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Fair value portion of interest continued to be held by a transferor after transferring financial assets to a third party.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E
+ Details

Name: us-gaap_RetainedInterestFairValueDisclosure

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Carrying amount of financial assets accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)(1)
-SubTopic 30
-Topic 860
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A
+ Details

Name: us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Details

Name: us-gaap_FinancialInstrumentAxis=us-gaap_CollateralizedLoanObligationsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_PledgedStatusAxis=us-gaap_AssetPledgedAsCollateralMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 64 R51.htm IDEA: XBRL DOCUMENT v3.26.1

Collateralized Loan Obligations - Schedule of Consolidated VIE (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Variable Interest Entity [Line Items]

Restricted cash $ 34,334 $ 29,058

Interest receivable 22,161 20,746

Total assets ^[1] 5,334,903 4,785,177

Collateralized loan obligations, at fair value 1,004,858 1,005,157

Interest payable 13,282 12,795

Total liabilities ^[1] 4,174,525 3,742,843

Commercial real estate loan investments

Variable Interest Entity [Line Items]

Fair Value 5,200,218 4,702,728

Variable Interest Entity, Primary Beneficiary

Variable Interest Entity [Line Items]

Restricted cash 150

Interest receivable 3,672

Other assets 36,992

Total assets 1,228,334 1,200,000

Collateralized loan obligations, at fair value 1,004,858

Interest payable 2,029

Total liabilities 1,006,887 $ 1,000,000

Variable Interest Entity, Primary Beneficiary | Commercial real estate loan investments

Variable Interest Entity [Line Items]

Fair Value $ 1,187,520

[1]
(1) The condensed consolidated balance sheets at March 31, 2026 and December 31, 2025 include assets of $1.2 billion and liabilities of $1.0 billion of a consolidated collateralized loan obligation, which is a variable interest entity (“VIE”). The VIE’s assets can only be used to settle the obligations of the VIE. See Note 6 — “Collateralized Loan Obligations”, for additional information.

X

- Definition
Fair Value, Option, Fair Value Carrying Amount, Assets
+ References
No definition available.
+ Details

Name: incref_FairValueOptionFairValueCarryingAmountAssets

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Fair Value, Option, Fair Value Carrying Amount, Liabilities
+ References
No definition available.
+ Details

Name: incref_FairValueOptionFairValueCarryingAmountLiabilities

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of asset recognized for present right to economic benefit.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 64
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481620/480-10-55-64

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 13: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-25

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 19: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 20: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 35: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details

Name: us-gaap_Assets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of interest payable on debt, including, but not limited to, trade payables.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(15)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(15)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details

Name: us-gaap_InterestPayableCurrentAndNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3)(a)(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 310
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477802/946-310-45-1
+ Details

Name: us-gaap_InterestReceivable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 64
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481620/480-10-55-64

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(26))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-25

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(14))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 21: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 30: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

Reference 31: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30
+ Details

Name: us-gaap_Liabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of assets classified as other.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(10))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(17))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details

Name: us-gaap_OtherAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482913/230-10-50-8

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(1)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details

Name: us-gaap_RestrictedCash

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-25

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-25

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A
+ Details

Name: us-gaap_VariableInterestEntityLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_CommercialRealEstateLoanInvestmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 65 R52.htm IDEA: XBRL DOCUMENT v3.26.1

Derivatives and Hedging Activities - Schedule of Unrealized Foreign Exchange Impact Recognized In Condensed Consolidated Statements Of Comprehensive Income (Details) - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Unrealized foreign exchange gain (loss) on secured financing facilities $ 10,142 $ (8,474)

Gain (loss) on foreign currency transactions, net (466) 9

Gain (loss) on derivative instruments, net 6,259 (2,180)

Commercial real estate loan investments

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Unrealized foreign exchange gain (loss) on loans (16,230) 12,680

Foreign Exchange Forward

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Gain (loss) on derivative instruments, net 6,259 (2,180)

Foreign Exchange Forward | Not Designated as Hedging Instrument

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Unrealized foreign exchange gain (loss) on secured financing facilities 9,899 (8,669)

Gain (loss) on foreign currency transactions, net (466) 9

Gain (loss) on derivative instruments, net 6,259 (2,180)

Net impact of hedged foreign exchange 64 (16)

Foreign Exchange Forward | Commercial real estate loan investments | Not Designated as Hedging Instrument

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Unrealized foreign exchange gain (loss) on loans $ (15,628) $ 10,824

X

- Definition
Secured Financing Facilities, Gain (Loss)
+ References
No definition available.
+ Details

Name: incref_SecuredFinancingFacilitiesGainLoss

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EE
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EE

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EE
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EE

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 181
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-181

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EEE
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EEE

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EEE
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EEE

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EEE
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EEE

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EE
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EE
+ Details

Name: us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4CC
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-21
+ Details

Name: us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-32
+ Details

Name: us-gaap_FairValueOptionChangesInFairValueGainLoss1

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 20
-Name Accounting Standards Codification
-Section 35
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482014/830-20-35-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481956/830-20-45-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481926/830-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481839/830-10-45-17

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-22
+ Details

Name: us-gaap_ForeignCurrencyTransactionGainLossBeforeTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Aggregate impact of foreign currency derivatives on earnings for the period. Includes impact of foreign currency cash flow hedge ineffectiveness and the ineffectiveness of fair value hedging derivatives and full change in fair value of the foreign currency derivatives not designated as hedging instruments.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A
+ Details

Name: us-gaap_GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_CommercialRealEstateLoanInvestmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeForwardMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 66 R53.htm IDEA: XBRL DOCUMENT v3.26.1

Derivatives and Hedging Activities - Schedule of Changes in the Notional Amount of our Currency Forward Contracts (Details) - Not Designated as Hedging Instrument
€ in Thousands, £ in Thousands, $ in Thousands
3 Months Ended

Mar. 31, 2026

EUR (€)

Mar. 31, 2026

USD ($)

Mar. 31, 2026

GBP (£)

Mar. 31, 2025

EUR (€)

Mar. 31, 2025

USD ($)

Mar. 31, 2025

GBP (£)

USD/Euro Foreign Exchange Forward | Euro Member Countries, Euro

Derivative, Notional Amount [Roll Forward]

Beginning balance | € € 49,889 € 39,474

Additions | € 14,404 0

Settlement, Termination, Expiration or Exercise | € (14,491) (877)

Ending balance 49,802 $ 57,482 € 38,597 $ 43,821

USD/GBP Foreign Exchange Forward | United Kingdom, Pounds

Derivative, Notional Amount [Roll Forward]

Beginning balance | £ £ 50,631 £ 19,417

Additions | £ 169,424 0

Settlement, Termination, Expiration or Exercise | £ (129,467) (506)

Ending balance 122,163 90,588 $ 24,978 £ 18,911

EUR/USD Foreign Exchange Forward | United States of America, Dollars

Derivative, Notional Amount [Roll Forward]

Beginning balance | € 0

Additions | € 14,491

Settlement, Termination, Expiration or Exercise | € (14,491)

Ending balance € 0 0

GBP/USD Foreign Exchange Forward | United States of America, Dollars

Derivative, Notional Amount [Roll Forward]

Beginning balance | £ 0

Additions | £ 130,049

Settlement, Termination, Expiration or Exercise | £ (129,467)

Ending balance $ 785 £ 582

X

- Definition
Derivative, Notional Amount, Additions
+ References
No definition available.
+ Details

Name: incref_DerivativeNotionalAmountAdditions

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Derivative, Notional Amount
+ References
No definition available.
+ Details

Name: incref_DerivativeNotionalAmountRollForward

Namespace Prefix: incref_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Derivative, Notional Amount, Settlement, Termination, Expiration, Exercise
+ References
No definition available.
+ Details

Name: incref_DerivativeNotionalAmountSettlementTerminationExpirationExercise

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Nominal or face amount used to calculate payment on derivative.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 181
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-181

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A
+ Details

Name: us-gaap_DerivativeNotionalAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: na

Period Type: instant

X

- Details

Name: us-gaap_DerivativeInstrumentRiskAxis=incref_USDEURForeignExchangeForwardMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CurrencyAxis=currency_EUR

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DerivativeInstrumentRiskAxis=incref_USDGBPForeignExchangeForwardMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CurrencyAxis=currency_GBP

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DerivativeInstrumentRiskAxis=incref_EURUSDForeignExchangeForwardMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CurrencyAxis=currency_USD

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DerivativeInstrumentRiskAxis=incref_GBPUSDForeignExchangeForwardMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 67 R54.htm IDEA: XBRL DOCUMENT v3.26.1

Derivatives and Hedging Activities - Schedule of Fair Value of our Currency Forward Contracts (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Derivative assets $ 3,134 $ 615

Derivative liabilities 838 1,992

Foreign Exchange Forward | Not Designated as Hedging Instrument

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Derivative assets 3,134 615

Derivative liabilities $ 838 $ 1,992

X

- Definition
Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-7A

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-22

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-21

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-20

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-15

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-10

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483466/210-20-50-3

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-12

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477439/946-210-55-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 32: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column A)(Footnote 3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5A

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B
+ Details

Name: us-gaap_DerivativeAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EE
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EE

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EE
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EE

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 181
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-181

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EEE
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EEE

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EEE
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EEE

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EEE
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EEE

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EE
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EE
+ Details

Name: us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-7A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-22

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-21

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-20

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-15

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483466/210-20-50-3

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column G)(Footnote 8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column G))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5A

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B
+ Details

Name: us-gaap_DerivativeLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeForwardMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 68 R55.htm IDEA: XBRL DOCUMENT v3.26.1

Derivatives and Hedging Activities - Schedule of Effect of Currency Forward Contracts Reported in Gain (Loss) on Derivative Instruments (Details) - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Unrealized gain (loss), net $ 6,259 $ (2,180)

Gain (loss) on derivative instruments, net 6,259 (2,180)

Foreign Exchange Forward

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Realized gain (loss) on derivative instruments, net 2,586 117

Unrealized gain (loss), net 3,673 (2,297)

Gain (loss) on derivative instruments, net $ 6,259 $ (2,180)

X

- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10
+ Details

Name: us-gaap_DerivativeGainLossOnDerivativeNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EE
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EE

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EE
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EE

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 181
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-181

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EEE
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EEE

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EEE
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EEE

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EEE
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EEE

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4EE
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4EE
+ Details

Name: us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4CC
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-21
+ Details

Name: us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(c)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(c)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(c)(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(c)(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column F))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5A
+ Details

Name: us-gaap_UnrealizedGainLossOnDerivatives

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeForwardMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 69 R56.htm IDEA: XBRL DOCUMENT v3.26.1

Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured At Fair Value On A Recurring Basis (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Assets:

Derivative assets, at fair value $ 3,134 $ 615

Total assets 5,220,574 4,718,161

Liabilities:

Derivative liabilities, at fair value 838 1,992

Total liabilities 4,066,031 3,644,725

Secured Debt | Line of Credit

Liabilities:

Borrowings 3,044,335 2,582,576

Secured Debt | Secured Lending Agreements | Line of Credit

Liabilities:

Borrowings 2,820,938 2,359,543

Secured Debt | Term Lending Agreements | Line of Credit

Liabilities:

Borrowings 223,397 223,033

Revolving Credit Facility | Line of Credit

Liabilities:

Borrowings 16,000 55,000

Commercial real estate loan investments

Assets:

Fair value, option, assets 5,200,218 4,702,728

Real estate-related securities

Assets:

Fair value, option, assets 17,222 14,818

Collateralized loan obligations

Liabilities:

Fair Value 1,004,858 1,005,157

Level 1

Assets:

Derivative assets, at fair value 0 0

Total assets 0 0

Liabilities:

Derivative liabilities, at fair value 0 0

Total liabilities 0 0

Level 1 | Secured Debt | Secured Lending Agreements | Line of Credit

Liabilities:

Borrowings 0 0

Level 1 | Secured Debt | Term Lending Agreements | Line of Credit

Liabilities:

Borrowings 0 0

Level 1 | Revolving Credit Facility | Line of Credit

Liabilities:

Borrowings 0 0

Level 1 | Commercial real estate loan investments

Assets:

Fair value, option, assets 0 0

Level 1 | Real estate-related securities

Assets:

Fair value, option, assets 0 0

Level 1 | Collateralized loan obligations

Liabilities:

Fair Value 0 0

Level 2

Assets:

Derivative assets, at fair value 3,134 615

Total assets 20,356 15,433

Liabilities:

Derivative liabilities, at fair value 838 1,992

Total liabilities 1,005,696 1,007,149

Level 2 | Secured Debt | Secured Lending Agreements | Line of Credit

Liabilities:

Borrowings 0 0

Level 2 | Secured Debt | Term Lending Agreements | Line of Credit

Liabilities:

Borrowings 0 0

Level 2 | Revolving Credit Facility | Line of Credit

Liabilities:

Borrowings 0 0

Level 2 | Commercial real estate loan investments

Assets:

Fair value, option, assets 0 0

Level 2 | Real estate-related securities

Assets:

Fair value, option, assets 17,222 14,818

Level 2 | Collateralized loan obligations

Liabilities:

Fair Value 1,004,858 1,005,157

Level 3

Assets:

Derivative assets, at fair value 0 0

Total assets 5,200,218 4,702,728

Liabilities:

Derivative liabilities, at fair value 0 0

Total liabilities 3,060,335 2,637,576

Level 3 | Secured Debt | Secured Lending Agreements | Line of Credit

Liabilities:

Borrowings 2,820,938 2,359,543

Level 3 | Secured Debt | Term Lending Agreements | Line of Credit

Liabilities:

Borrowings 223,397 223,033

Level 3 | Revolving Credit Facility | Line of Credit

Liabilities:

Borrowings 16,000 55,000

Level 3 | Commercial real estate loan investments

Assets:

Fair value, option, assets 5,200,218 4,702,728

Level 3 | Real estate-related securities

Assets:

Fair value, option, assets 0 0

Level 3 | Collateralized loan obligations

Liabilities:

Fair Value $ 0 $ 0

X

- Definition
Fair Value, Option, Fair Value Carrying Amount, Assets
+ References
No definition available.
+ Details

Name: incref_FairValueOptionFairValueCarryingAmountAssets

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Fair Value, Option, Fair Value Carrying Amount, Liability
+ References
No definition available.
+ Details

Name: incref_FairValueOptionFairValueCarryingAmountLiability

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_AssetsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Fair value portion of asset recognized for present right to economic benefit.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_AssetsFairValueDisclosure

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-7A

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-22

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-21

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-20

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-15

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-10

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483466/210-20-50-3

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-12

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477439/946-210-55-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 32: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column A)(Footnote 3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5A

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B
+ Details

Name: us-gaap_DerivativeAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-7A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-22

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-21

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-20

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-15

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483466/210-20-50-3

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column G)(Footnote 8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column G))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5A

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B
+ Details

Name: us-gaap_DerivativeLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_LiabilitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Fair value of financial and nonfinancial obligations.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_LiabilitiesFairValueDisclosure

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_LongTermDebtFairValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_SecuredDebtMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=incref_SecuredLendingAgreementsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=incref_TermLendingAgreementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_CommercialRealEstateLoanInvestmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_RealEstateRelatedSecuritiesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FinancialInstrumentAxis=us-gaap_CollateralizedLoanObligationsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 70 R57.htm IDEA: XBRL DOCUMENT v3.26.1

Fair Value of Financial Instruments - Schedule of Reconciliation (Details) - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Foreign currency translation adjustment $ (71) $ 26

Revolving Credit Facility | Long-Term Debt | Line of Credit

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Beginning Balance 55,000

Proceeds 220,000

Repayments (259,000)

Net unrealized (gain) loss 0

Ending Balance 16,000

Secured Debt | Long-Term Debt | Line of Credit

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Beginning Balance 2,582,576

Proceeds 506,497

Repayments (34,596)

Net unrealized (gain) loss (243)

Unrealized foreign currency (gain) loss (9,899)

Ending Balance 3,044,335

Secured Debt | Secured Lending Agreements | Long-Term Debt | Line of Credit

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Beginning Balance 2,359,543

Proceeds 506,127

Repayments (34,596)

Net unrealized (gain) loss (237)

Unrealized foreign currency (gain) loss (9,899)

Ending Balance 2,820,938

Secured Debt | Term Lending Agreements | Long-Term Debt | Line of Credit

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Beginning Balance 223,033

Proceeds 370

Repayments 0

Net unrealized (gain) loss (6)

Unrealized foreign currency (gain) loss 0

Ending Balance 223,397

Commercial real estate loan investments

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Beginning Balance 4,702,728

Loan originations and fundings 595,601

Loan principal payments (81,880)

Net unrealized gain (loss) (602)

Foreign currency translation adjustment (15,629)

Ending Balance $ 5,200,218

X

- Definition
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Foreign Currency Gain (Loss)
+ References
No definition available.
+ Details

Name: incref_FairValueLiabilityRecurringBasisStillHeldUnrealizedForeignCurrencyGainLoss

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of unrealized gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3) and still held.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 101
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-101

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 102
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-102

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
No definition available.
+ Details

Name: us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of unrealized gain (loss) recognized in income from liability measured at fair value on recurring basis using unobservable input (level 3) and still held.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
No definition available.
+ Details

Name: us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of issuances of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2G
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2G

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 101
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-101

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of settlement of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 101
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-101

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 101
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-101

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of sales of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of settlements of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 10A
-Subparagraph (a)
-SubTopic 10
-Topic 220
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-10A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1
+ Details

Name: us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FairValueByLiabilityClassAxis=us-gaap_LongTermDebtMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_SecuredDebtMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=incref_SecuredLendingAgreementsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=incref_TermLendingAgreementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FairValueByAssetClassAxis=incref_CommercialRealEstateLoanInvestmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 71 R58.htm IDEA: XBRL DOCUMENT v3.26.1

Fair Value of Financial Instruments - Schedule of Significant Unobservable Inputs (Details) - Valuation Technique, Discounted cash flow

Mar. 31, 2026

USD ($)

yr

Dec. 31, 2025

USD ($)

yr

Collateralized loan obligations

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair Value $ 1,100,000,000 $ 1,100,000,000

Commercial real estate loan investments

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair Value 4,093,348,000 3,558,722,000

Commercial real estate loan investments | Instruments Other Than Collateralized Loan Obligations

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair Value 4,000,000,000.0 3,500,000,000

Commercial real estate loan investments | Collateralized loan obligations

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Fair Value $ 80,700,000 $ 80,700,000

Weighted Average Life (years) | Long-Term Debt

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Repurchase agreements, measurement input | yr 0.22 0.28

Weighted Average Life (years) | Commercial real estate loan investments

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Commercial loans, measurement input | yr 0.25 0.31

Weighted Average | Discount rate | Long-Term Debt

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Repurchase agreements, measurement input 0.0518 0.0529

Weighted Average | Discount rate | Commercial real estate loan investments

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Commercial loans, measurement input 0.0623 0.0636

Minimum | Discount rate | Long-Term Debt

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Repurchase agreements, measurement input 0.0413 0.0412

Minimum | Discount rate | Commercial real estate loan investments

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Commercial loans, measurement input 0.0515 0.0514

Maximum | Discount rate | Long-Term Debt

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Repurchase agreements, measurement input 0.0592 0.0604

Maximum | Discount rate | Commercial real estate loan investments

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Commercial loans, measurement input 0.1132 0.1144

X

- Definition
Fair Value, Option, Assets, Measurement Input
+ References
No definition available.
+ Details

Name: incref_FairValueOptionAssetsMeasurementInput

Namespace Prefix: incref_

Data Type: xbrli:decimalItemType

Balance Type: na

Period Type: instant

X

- Definition
Fair Value, Option, Fair Value Carrying Amount, Assets
+ References
No definition available.
+ Details

Name: incref_FairValueOptionFairValueCarryingAmountAssets

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Fair Value, Option, Liabilities, Measurement Input
+ References
No definition available.
+ Details

Name: incref_FairValueOptionLiabilitiesMeasurementInput

Namespace Prefix: incref_

Data Type: xbrli:decimalItemType

Balance Type: na

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-8

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 43
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-43

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2
+ Details

Name: us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_ValuationTechniqueAxis=us-gaap_ValuationTechniqueDiscountedCashFlowMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FinancialInstrumentAxis=us-gaap_CollateralizedLoanObligationsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FairValueByAssetClassAxis=incref_CommercialRealEstateLoanInvestmentsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FinancialInstrumentAxis=incref_InstrumentsOtherThanCollateralizedLoanObligationsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputExpectedTermMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FairValueByLiabilityClassAxis=us-gaap_LongTermDebtMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_RangeAxis=srt_WeightedAverageMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputDiscountRateMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_RangeAxis=srt_MinimumMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_RangeAxis=srt_MaximumMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 72 R59.htm IDEA: XBRL DOCUMENT v3.26.1

Accounts Payable, Accrued Expenses and Other Liabilities (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Mar. 31, 2025

Payables and Accruals [Abstract]

Accounts payable and accrued expenses $ 5,098 $ 1,828

Subscriptions paid in advance 32,095 27,886

Accrued common stock repurchases 6,244 905 $ 0

Other liabilities 1,953 907

Total $ 45,390 $ 31,526

X

- Definition
Accounts Payable, Accrued Liabilities, and Other Liabilities
+ References
No definition available.
+ Details

Name: incref_AccountsPayableAccruedLiabilitiesAndOtherLiabilities

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Accrued Common Stock Repurchases
+ References
No definition available.
+ Details

Name: incref_AccruedCommonStockRepurchases

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Subscriptions Paid In Advance
+ References
No definition available.
+ Details

Name: incref_SubscriptionsPaidInAdvance

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(15)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(15)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details

Name: us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The aggregate carrying amount, as of the balance sheets date, of obligations not otherwise itemized or categorized in the footnotes to the financial statements.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1
+ Details

Name: us-gaap_OtherSundryLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_PayablesAndAccrualsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 73 R60.htm IDEA: XBRL DOCUMENT v3.26.1

Related Party Transactions - Schedule of Components of Due to Affiliates (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Related Party Transaction [Line Items]

Other liabilities $ 42,545 $ 47,261

Affiliated Entity

Related Party Transaction [Line Items]

Other liabilities 42,545 47,261

Affiliated Entity | Advanced organizational, offering and operating expenses

Related Party Transaction [Line Items]

Other liabilities 10,034 10,870

Affiliated Entity | Reimbursable operating expenses

Related Party Transaction [Line Items]

Other liabilities 2,543 2,845

Affiliated Entity | Adviser commitment fee payable

Related Party Transaction [Line Items]

Other liabilities 1,463 4,019

Affiliated Entity | Stockholder servicing fees

Related Party Transaction [Line Items]

Other liabilities 24,701 22,723

Affiliated Entity | Management fees

Related Party Transaction [Line Items]

Other liabilities 2,218 1,990

Affiliated Entity | Performance fees

Related Party Transaction [Line Items]

Other liabilities $ 1,586 $ 4,814

X

- Definition
Amount of liabilities classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 64
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481620/480-10-55-64

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(12)(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(12)(b)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(12)(b)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(17))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details

Name: us-gaap_OtherLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
+ Details

Name: us-gaap_RelatedPartyTransactionLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_AffiliatedEntityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionAxis=incref_AdvancedOrganizationalOfferingAndOperatingExpensesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionAxis=incref_OperatingExpenseReimbursementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionAxis=incref_AdviserCommitmentFeePayableMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionAxis=incref_StockholderServicingFeesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionAxis=incref_ManagementFeesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionAxis=incref_PerformanceFeesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 74 R61.htm IDEA: XBRL DOCUMENT v3.26.1

Related Party Transactions - Narrative (Details)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended

Dec. 31, 2024

Mar. 31, 2026

USD ($)

shares

Mar. 31, 2025

USD ($)

Mar. 31, 2026

USD ($)

fiscalQuarter

Dec. 31, 2025

USD ($)

Related Party Transaction [Line Items]

Other liabilities $ 42,545 $ 42,545 $ 47,261

Advisory agreement, automatic renewals, term per renewal (in years) 1 year

Termination fee, average annual management fee, multiplier 3

Termination fee, term before termination (in months) 24 months

Affiliated Entity

Related Party Transaction [Line Items]

Other liabilities $ 42,545 42,545 47,261

Affiliated Entity | Advanced organizational, offering and operating expenses

Related Party Transaction [Line Items]

Other liabilities 10,034 10,034 $ 10,870

Adviser

Related Party Transaction [Line Items]

Management fees 2,200

Accrued management fees 2,200 2,200

Performance fees 1,600

Accrued performance fees $ 1,600 $ 1,600

Adviser | Subsidiaries

Related Party Transaction [Line Items]

Organization and offering expenses, reimbursement term (in months) 52 months

Operating expenses reimbursement, average invested assets (in percent) 2.00% 2.00%

Operating expenses reimbursement, net income (in percent) 25.00% 25.00%

Reimbursement period, number of consecutive quarters | fiscalQuarter 4

Adviser commitment fee, base rate (in percent) 0.50

Adviser commitment fee, base rate, loan origination (in percent) 0.005

Management and service fees, base rate (in percent) 1.00%

Management and service fees, incentive rate (in percent) 10.00%

Support personnel costs $ 700 $ 600

Adviser | Subsidiaries | Class F Common Stock

Related Party Transaction [Line Items]

Management and service fees, base rate (in percent) 10.00%

Management and service fees, incentive rate (in percent) 6.00%

Performance fee, period to measure performance fee income 2 years

Adviser | Subsidiaries | Class E Redeemable Common Stock

Related Party Transaction [Line Items]

Issuance of redeemable common stock, management fees (in shares) | shares 77,219

Issuance of redeemable common stock, performance fees (in shares) | shares 186,805

Dealer Manager | Affiliated Entity | Common Class S And Class D

Related Party Transaction [Line Items]

Gross proceeds from sale of shares (in percent) 8.75%

Dealer Manager, Certain Participating Broker Dealers | Affiliated Entity | Common Class S And Class D

Related Party Transaction [Line Items]

Gross proceeds from sale of shares (in percent) 7.75%

X

- Definition
Advisory Agreement, Automatic Renewals, Term Per Renewal
+ References
No definition available.
+ Details

Name: incref_AdvisoryAgreementAutomaticRenewalsTermPerRenewal

Namespace Prefix: incref_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Advisory Agreement, Termination Fee, Average Annual Management Fee, Multiplier
+ References
No definition available.
+ Details

Name: incref_AdvisoryAgreementTerminationFeeAverageAnnualManagementFeeMultiplier

Namespace Prefix: incref_

Data Type: xbrli:decimalItemType

Balance Type: na

Period Type: duration

X

- Definition
Advisory Agreement, Termination Fee, Term Before Termination
+ References
No definition available.
+ Details

Name: incref_AdvisoryAgreementTerminationFeeTermBeforeTermination

Namespace Prefix: incref_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Commitment Fee, Base Rate
+ References
No definition available.
+ Details

Name: incref_CommitmentFeeBaseRate

Namespace Prefix: incref_

Data Type: xbrli:pureItemType

Balance Type: na

Period Type: duration

X

- Definition
Commitment Fee, Base Rate, Percentage Of Loan Amount, Threshold
+ References
No definition available.
+ Details

Name: incref_CommitmentFeeBaseRatePercentageOfLoanAmountThreshold

Namespace Prefix: incref_

Data Type: xbrli:pureItemType

Balance Type: na

Period Type: duration

X

- Definition
Performance Fee, Performance Fee Income Threshold, Period
+ References
No definition available.
+ Details

Name: incref_PerformanceFeePerformanceFeeIncomeThresholdPeriod

Namespace Prefix: incref_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Related Party Transaction, Percentage of Gross Proceeds From Sale of Shares, Threshold
+ References
No definition available.
+ Details

Name: incref_RelatedPartyTransactionPercentageOfGrossProceedsFromSaleOfSharesThreshold

Namespace Prefix: incref_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Related Party Transaction, Reimbursement Period, Number of Consecutive Quarters
+ References
No definition available.
+ Details

Name: incref_RelatedPartyTransactionReimbursementPeriodNumberOfConsecutiveQuarters

Namespace Prefix: incref_

Data Type: xbrli:integerItemType

Balance Type: na

Period Type: duration

X

- Definition
Related Party Transactions, Operating Expenses Reimbursement, Percentage Of Average Invested Assets
+ References
No definition available.
+ Details

Name: incref_RelatedPartyTransactionsOperatingExpensesReimbursementPercentageOfAverageInvestedAssets

Namespace Prefix: incref_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Related Party Transactions, Operating Expenses Reimbursement, Percentage Of Net Income
+ References
No definition available.
+ Details

Name: incref_RelatedPartyTransactionsOperatingExpensesReimbursementPercentageOfNetIncome

Namespace Prefix: incref_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Related Party Transactions, Organization And Offering Expenses, Reimbursement Term
+ References
No definition available.
+ Details

Name: incref_RelatedPartyTransactionsOrganizationAndOfferingExpensesReimbursementTerm

Namespace Prefix: incref_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Temporary Equity, Stock Issued During Period, Shares, Management Fees, New Issues
+ References
No definition available.
+ Details

Name: incref_TemporaryEquityStockIssuedDuringPeriodSharesManagementFeesNewIssues

Namespace Prefix: incref_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Temporary Equity, Stock Issued During Period, Shares, Performance Fees, New Issues
+ References
No definition available.
+ Details

Name: incref_TemporaryEquityStockIssuedDuringPeriodSharesPerformanceFeesNewIssues

Namespace Prefix: incref_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of expense for administrative fee from service provided, including, but not limited to, salary, rent, or overhead cost.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 850
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-3
+ Details

Name: us-gaap_AdministrativeFeesExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of expense for incentive fee based on performance under arrangement to manage operations, including, but not limited to, investment.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 850
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1
+ Details

Name: us-gaap_IncentiveFeeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of fee payable for management of operations based on performance under arrangement, including, but not limited to, investment.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(12)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
+ Details

Name: us-gaap_IncentiveFeePayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Base rate for management and service fees under arrangement to manage operations, including, but not limited to, investment.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
+ Details

Name: us-gaap_ManagementAndServiceFeesBaseRate

Namespace Prefix: us-gaap_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Rate based on performance for management and service fees under arrangement to manage operations, including, but not limited to, investment.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
+ Details

Name: us-gaap_ManagementAndServiceFeesIncentiveRate

Namespace Prefix: us-gaap_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of expense for investment management fee, including, but not limited to, expense in connection with research, selection, supervision, and custody of investment.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 850
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1
+ Details

Name: us-gaap_ManagementFeeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of fee payable for management of fund or trust.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(12)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1
+ Details

Name: us-gaap_ManagementFeePayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of liabilities classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 64
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481620/480-10-55-64

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(12)(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(12)(b)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(12)(b)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(17))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details

Name: us-gaap_OtherLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
+ Details

Name: us-gaap_RelatedPartyTransactionLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_AffiliatedEntityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionAxis=incref_AdvancedOrganizationalOfferingAndOperatingExpensesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CounterpartyNameAxis=incref_AdviserMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_SubsidiariesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassFMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_ClassERedeemableCommonStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CounterpartyNameAxis=incref_DealerManagerMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassSAndClassDMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CounterpartyNameAxis=incref_DealerManagerCertainParticipatingBrokerDealersMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 75 R62.htm IDEA: XBRL DOCUMENT v3.26.1

Related Party Transactions - Schedule of Stockholder Servicing Fees (Details) - Dealer Manager - Affiliated Entity - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Class S Common Stock

Related Party Transaction [Line Items]

Stockholder service fee $ 13 $ 0

Class S-1 Common Stock

Related Party Transaction [Line Items]

Stockholder service fee 1,099 435

Class D Common Stock

Related Party Transaction [Line Items]

Stockholder service fee 0 0

Class D-1 Common Stock

Related Party Transaction [Line Items]

Stockholder service fee $ 1 $ 0

X

- Definition
Related Party Transaction, Stockholder Service Fee
+ References
No definition available.
+ Details

Name: incref_RelatedPartyTransactionStockholderServiceFee

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
+ Details

Name: us-gaap_RelatedPartyTransactionLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: srt_CounterpartyNameAxis=incref_DealerManagerMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_AffiliatedEntityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassSMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassS1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassDMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassD1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 76 R63.htm IDEA: XBRL DOCUMENT v3.26.1

Related Party Transactions - Schedule of Upfront Selling Commissions and Stockholder Servicing Fee (Details) - Dealer Manager - Affiliated Entity
3 Months Ended

Mar. 31, 2026

Class S Common Stock

Related Party Transaction [Line Items]

Maximum Upfront Selling Commissions (% of Transaction Price) 3.50%

Stockholder Servicing Fee (% of NAV) 0.85%

Class S-1 Common Stock

Related Party Transaction [Line Items]

Maximum Upfront Selling Commissions (% of Transaction Price) 3.50%

Stockholder Servicing Fee (% of NAV) 0.85%

Class D Common Stock

Related Party Transaction [Line Items]

Maximum Upfront Selling Commissions (% of Transaction Price) 1.50%

Stockholder Servicing Fee (% of NAV) 0.25%

Class D-1 Common Stock

Related Party Transaction [Line Items]

Maximum Upfront Selling Commissions (% of Transaction Price) 1.50%

Stockholder Servicing Fee (% of NAV) 0.25%

Class I Common Stock

Related Party Transaction [Line Items]

Maximum Upfront Selling Commissions (% of Transaction Price) 0.00%

Stockholder Servicing Fee (% of NAV) 0.00%

Class E Common Stock

Related Party Transaction [Line Items]

Maximum Upfront Selling Commissions (% of Transaction Price) 0.00%

Stockholder Servicing Fee (% of NAV) 0.00%

Class F Common Stock

Related Party Transaction [Line Items]

Maximum Upfront Selling Commissions (% of Transaction Price) 0.00%

Stockholder Servicing Fee (% of NAV) 0.00%

X

- Definition
Related Party Transaction, Stockholder Service Fee, As Percentage Of Net Asset Value
+ References
No definition available.
+ Details

Name: incref_RelatedPartyTransactionStockholderServiceFeeAsPercentageOfNetAssetValue

Namespace Prefix: incref_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Related Party Transaction, Upfront Selling Commissions As Percentage Of Transaction Price
+ References
No definition available.
+ Details

Name: incref_RelatedPartyTransactionUpfrontSellingCommissionsAsPercentageOfTransactionPrice

Namespace Prefix: incref_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
+ Details

Name: us-gaap_RelatedPartyTransactionLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: srt_CounterpartyNameAxis=incref_DealerManagerMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_AffiliatedEntityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassSMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassS1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassDMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassD1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassEMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassFMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 77 R64.htm IDEA: XBRL DOCUMENT v3.26.1

Related Party Transactions - Schedule of Shares Purchased By Affiliates (Details) - Affiliated Entity - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended

Mar. 31, 2026

Dec. 31, 2025

Related Party Transaction [Line Items]

Total Purchase Price $ 131,534 $ 127,570

Invesco Realty, Inc.

Related Party Transaction [Line Items]

Total Purchase Price 120,000 120,000

Invesco Advisers, Inc.

Related Party Transaction [Line Items]

Total Purchase Price 10,851 6,895

Members of our board of directors

Related Party Transaction [Line Items]

Total Purchase Price $ 683 $ 675

Class S Common Stock

Related Party Transaction [Line Items]

Shares (in shares) 1,196,923 1,196,923

Class S Common Stock | Invesco Realty, Inc.

Related Party Transaction [Line Items]

Shares (in shares) 1,196,923 1,196,923

Class S Common Stock | Invesco Advisers, Inc.

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class S Common Stock | Members of our board of directors

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class S-1 Common Stock

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class S-1 Common Stock | Invesco Realty, Inc.

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class S-1 Common Stock | Invesco Advisers, Inc.

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class S-1 Common Stock | Members of our board of directors

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class D Common Stock

Related Party Transaction [Line Items]

Shares (in shares) 1,197,628 1,197,628

Class D Common Stock | Invesco Realty, Inc.

Related Party Transaction [Line Items]

Shares (in shares) 1,197,628 1,197,628

Class D Common Stock | Invesco Advisers, Inc.

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class D Common Stock | Members of our board of directors

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class D-1 Common Stock

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class D-1 Common Stock | Invesco Realty, Inc.

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class D-1 Common Stock | Invesco Advisers, Inc.

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class D-1 Common Stock | Members of our board of directors

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class I Common Stock

Related Party Transaction [Line Items]

Shares (in shares) 1,194,434 1,194,434

Class I Common Stock | Invesco Realty, Inc.

Related Party Transaction [Line Items]

Shares (in shares) 1,194,434 1,194,434

Class I Common Stock | Invesco Advisers, Inc.

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class I Common Stock | Members of our board of directors

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class E Common Stock

Related Party Transaction [Line Items]

Shares (in shares) 1,639,537 1,485,772

Class E Common Stock | Invesco Realty, Inc.

Related Party Transaction [Line Items]

Shares (in shares) 1,189,256 1,189,255

Class E Common Stock | Invesco Advisers, Inc.

Related Party Transaction [Line Items]

Shares (in shares) 423,807 270,269

Class E Common Stock | Members of our board of directors

Related Party Transaction [Line Items]

Shares (in shares) 26,474 26,248

Class F Common Stock

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class F Common Stock | Invesco Realty, Inc.

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class F Common Stock | Invesco Advisers, Inc.

Related Party Transaction [Line Items]

Shares (in shares) 0 0

Class F Common Stock | Members of our board of directors

Related Party Transaction [Line Items]

Shares (in shares) 0 0

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1
+ Details

Name: us-gaap_RelatedPartyTransactionLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of consideration received by subsidiary or equity investee in exchange for shares of stock issued or sold. Includes amount of cash received, fair value of noncash assets received, and fair value of liabilities assumed by the investor.
+ References
No definition available.
+ Details

Name: us-gaap_SaleOfStockConsiderationReceivedPerTransaction

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The number of shares issued or sold by the subsidiary or equity method investee per stock transaction.
+ References
No definition available.
+ Details

Name: us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_AffiliatedEntityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CounterpartyNameAxis=incref_InvescoRealtyInc.Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CounterpartyNameAxis=incref_InvescoAdvisersInc.Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CounterpartyNameAxis=incref_BoardOfDirectorsMembersMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassSMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassS1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassDMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassD1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassEMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassFMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 78 R65.htm IDEA: XBRL DOCUMENT v3.26.1

Redeemable Common Stock - Related Party - Narrative (Details)
$ in Thousands
3 Months Ended

Mar. 31, 2026

USD ($)

shares

Affiliated Entity | Invesco Subscription Agreement

Temporary Equity [Line Items]

Maximum purchase commitment $ 300,000

Capital callable under purchase commitment 150,000

Additional capital callable under purchase commitment 150,000

Called capital under purchase commitment 120,000

Stock repurchase, minimum net asset value threshold to submit 1,500,000

Amount of shares to be held by related party $ 200

Subsidiaries | Adviser | Class E Redeemable Common Stock

Temporary Equity [Line Items]

Issuance of redeemable common stock, management fees (in shares) | shares 77,219

Issuance of redeemable common stock, performance fees (in shares) | shares 186,805

X

- Definition
Sale of Stock, Amount In Shares To Be Held By Related Party
+ References
No definition available.
+ Details

Name: incref_SaleOfStockAmountInSharesToBeHeldByRelatedParty

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Sale Of Stock, Purchase Commitment, Capital Callable
+ References
No definition available.
+ Details

Name: incref_SaleOfStockPurchaseCommitmentCapitalCallable

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Sale Of Stock, Purchase Commitment, Capital Callable, Additional Amount
+ References
No definition available.
+ Details

Name: incref_SaleOfStockPurchaseCommitmentCapitalCallableAdditionalAmount

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Sale Of Stock, Purchase Commitment, Capital Callable, Maximum Amount
+ References
No definition available.
+ Details

Name: incref_SaleOfStockPurchaseCommitmentCapitalCallableMaximumAmount

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Sale Of Stock, Purchase Commitment, Capital Called
+ References
No definition available.
+ Details

Name: incref_SaleOfStockPurchaseCommitmentCapitalCalled

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Stock Repurchase Program, Minimum Net Asset Value, Threshold
+ References
No definition available.
+ Details

Name: incref_StockRepurchaseProgramMinimumNetAssetValueThreshold

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Temporary Equity, Stock Issued During Period, Shares, Management Fees, New Issues
+ References
No definition available.
+ Details

Name: incref_TemporaryEquityStockIssuedDuringPeriodSharesManagementFeesNewIssues

Namespace Prefix: incref_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Temporary Equity, Stock Issued During Period, Shares, Performance Fees, New Issues
+ References
No definition available.
+ Details

Name: incref_TemporaryEquityStockIssuedDuringPeriodSharesPerformanceFeesNewIssues

Namespace Prefix: incref_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1
+ Details

Name: us-gaap_TemporaryEquityLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_AffiliatedEntityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_SubsidiarySaleOfStockAxis=incref_InvescoSubscriptionAgreementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_SubsidiariesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CounterpartyNameAxis=incref_AdviserMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_ClassERedeemableCommonStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 79 R66.htm IDEA: XBRL DOCUMENT v3.26.1

Redeemable Common Stock - Related Party - Schedule of Changes In Redeemable Common Stock (Details) - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Increase (Decrease) in Temporary Equity [Roll Forward]

Beginning balance $ 127,691 $ 151,367

Issuance of redeemable common stock 6,804 2,814

Repurchase of redeemable common stock (2,848) (30,000)

Adjustment to the carrying value of redeemable common stock 100 160

Ending balance 131,747 124,341

Class S Redeemable Common Stock

Increase (Decrease) in Temporary Equity [Roll Forward]

Beginning balance 30,027 37,554

Issuance of redeemable common stock 0 0

Repurchase of redeemable common stock 0 (7,500)

Adjustment to the carrying value of redeemable common stock 0 (4)

Ending balance 30,027 30,050

Class D Redeemable Common Stock

Increase (Decrease) in Temporary Equity [Roll Forward]

Beginning balance 30,027 37,554

Issuance of redeemable common stock 0 0

Repurchase of redeemable common stock 0 (7,500)

Adjustment to the carrying value of redeemable common stock 0 (5)

Ending balance 30,027 30,049

Class I Redeemable Common Stock

Increase (Decrease) in Temporary Equity [Roll Forward]

Beginning balance 30,023 37,565

Issuance of redeemable common stock 0 0

Repurchase of redeemable common stock 0 (7,500)

Adjustment to the carrying value of redeemable common stock 0 (1)

Ending balance 30,023 30,064

Class E Redeemable Common Stock

Increase (Decrease) in Temporary Equity [Roll Forward]

Beginning balance 37,614 38,694

Issuance of redeemable common stock 6,804 2,814

Repurchase of redeemable common stock (2,848) (7,500)

Adjustment to the carrying value of redeemable common stock 100 170

Ending balance $ 41,670 $ 34,178

X

- Definition
Temporary Equity, Stock Repurchased During Period, Value
+ References
No definition available.
+ Details

Name: incref_TemporaryEquityStockRepurchasedDuringPeriodValue

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
No definition available.
+ Details

Name: us-gaap_IncreaseDecreaseInTemporaryEquityRollForward

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 30
-Name Accounting Standards Codification
-Section S55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479772/718-30-S55-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (01)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.E.Q2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479830/718-10-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
+ Details

Name: us-gaap_TemporaryEquityCarryingAmountAttributableToParent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of increase (decrease) in temporary equity from changes classified as other.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1
+ Details

Name: us-gaap_TemporaryEquityOtherChanges

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Value of new stock classified as temporary equity issued during the period.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1
+ Details

Name: us-gaap_TemporaryEquityStockIssuedDuringPeriodValueNewIssues

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_ClassSRedeemableCommonStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_ClassDRedeemableCommonStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_ClassIRedeemableCommonStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_ClassERedeemableCommonStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 80 R67.htm IDEA: XBRL DOCUMENT v3.26.1

Redeemable Common Stock - Related Party - Schedule of Changes In Outstanding Shares Of Redeemable Common Stock (Details) - shares
3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Increase (Decrease) in Temporary Equity [Roll Forward]

Beginning balance (in shares) 5,048,509 6,005,223

Issuance of redeemable common stock (in shares) 264,024 110,485

Repurchase of redeemable common stock (in shares) (110,485) (1,191,045)

Ending balance (in shares) 5,202,048 4,924,663

Class S Redeemable Common Stock

Increase (Decrease) in Temporary Equity [Roll Forward]

Beginning balance (in shares) 1,196,923 1,496,143

Issuance of redeemable common stock (in shares) 0 0

Repurchase of redeemable common stock (in shares) 0 (299,220)

Ending balance (in shares) 1,196,923 1,196,923

Class D Redeemable Common Stock

Increase (Decrease) in Temporary Equity [Roll Forward]

Beginning balance (in shares) 1,197,628 1,497,041

Issuance of redeemable common stock (in shares) 0 0

Repurchase of redeemable common stock (in shares) 0 (299,413)

Ending balance (in shares) 1,197,628 1,197,628

Class I Redeemable Common Stock

Increase (Decrease) in Temporary Equity [Roll Forward]

Beginning balance (in shares) 1,194,434 1,492,906

Issuance of redeemable common stock (in shares) 0 0

Repurchase of redeemable common stock (in shares) 0 (298,472)

Ending balance (in shares) 1,194,434 1,194,434

Class E Redeemable Common Stock

Increase (Decrease) in Temporary Equity [Roll Forward]

Beginning balance (in shares) 1,459,524 1,519,133

Issuance of redeemable common stock (in shares) 264,024 110,485

Repurchase of redeemable common stock (in shares) (110,485) (293,940)

Ending balance (in shares) 1,613,063 1,335,678

X

- Definition
Temporary Equity, Stock Issued During Period, Shares, New Issues
+ References
No definition available.
+ Details

Name: incref_TemporaryEquityStockIssuedDuringPeriodSharesNewIssues

Namespace Prefix: incref_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Temporary Equity, Stock Repurchased During Period, Shares
+ References
No definition available.
+ Details

Name: incref_TemporaryEquityStockRepurchasedDuringPeriodShares

Namespace Prefix: incref_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
No definition available.
+ Details

Name: us-gaap_IncreaseDecreaseInTemporaryEquityRollForward

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The number of securities classified as temporary equity that have been issued and are held by the entity's shareholders. Securities outstanding equals securities issued minus securities held in treasury. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details

Name: us-gaap_TemporaryEquitySharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_ClassSRedeemableCommonStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_ClassDRedeemableCommonStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_ClassIRedeemableCommonStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_ClassERedeemableCommonStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 81 R68.htm IDEA: XBRL DOCUMENT v3.26.1

Equity - Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended

Jan. 29, 2026

Jan. 31, 2025

Mar. 31, 2026

Mar. 31, 2025

Dec. 31, 2025

Class of Stock [Line Items]

Issuance and redemption costs of redeemed preferred stock $ 0 $ 27

Dividends 21,100 12,900

Dividends and distributions payable 7,277 $ 4,300 $ 6,536

Share repurchase plan participation, NAV threshold $ 1,500,000

Repurchase of common stock (in shares) 774,158 30,733

Repurchase of common stock $ 19,312 $ 754

2023 Equity Incentive Plan

Class of Stock [Line Items]

Share-based compensation, shares available for grant (in shares) 1,083,889 1,093,671

Related Party

Class of Stock [Line Items]

Dividends and distributions payable $ 828 $ 800 $ 804

Private Placement

Class of Stock [Line Items]

Redeemed during period (in shares) 228

Stapled Units | Private Placement

Class of Stock [Line Items]

Redeemed during period (in shares) 111

New Stapled Units | Private Placement

Class of Stock [Line Items]

Redeemed during period (in shares) 117

Series A Preferred Stock

Class of Stock [Line Items]

Preferred stock, dividend rate (in percent) 12.50%

Redemption price per share (in dollars per share) $ 1,000

Liquidation preference (in dollars per share) $ 1,000

Dividend rate, per annum (in dollars per share) $ 125.00

Series A Preferred Stock | Subsidiaries

Class of Stock [Line Items]

Preferred stock, dividend rate (in percent) 12.00%

Liquidation preference (in dollars per share) $ 1,000

Preferred stock, issued (in shares) 125

Preferred stock, par value (in dollars per share) $ 0.01

Series A Preferred Stock | Private Placement

Class of Stock [Line Items]

Redeemed during period (in shares) 1

Preferred stock, dividend rate (in percent) 12.50%

Proceeds from issuance of private placement $ 232

Class S Common Stock | Private Placement

Class of Stock [Line Items]

Redeemed during period (in shares) 1

Class D Common Stock | Private Placement

Class of Stock [Line Items]

Redeemed during period (in shares) 1

Class I Common Stock | Private Placement

Class of Stock [Line Items]

Redeemed during period (in shares) 1

Class S-1 Common Stock | Private Placement

Class of Stock [Line Items]

Redeemed during period (in shares) 1

Class E Common Stock | Restricted Stock | 2023 Equity Incentive Plan

Class of Stock [Line Items]

Share-based compensation expense $ 62 $ 19

X

- Definition
Stock Repurchase Program, Participation, Net Asset Value, Threshold
+ References
No definition available.
+ Details

Name: incref_StockRepurchaseProgramParticipationNetAssetValueThreshold

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of expense for award under share-based payment arrangement. Excludes amount capitalized.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479983/718-10-S45-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.F)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479830/718-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details

Name: us-gaap_AllocatedShareBasedCompensationExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 6: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483014/272-10-45-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482987/272-10-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3
+ Details

Name: us-gaap_ClassOfStockLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of paid and unpaid cash, stock, and paid-in-kind (PIK) dividends declared, for example, but not limited to, common and preferred stock.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-SubTopic 405
-Topic 942
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477787/942-405-45-2
+ Details

Name: us-gaap_Dividends

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(15)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 405
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478790/946-405-45-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(15)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details

Name: us-gaap_DividendsPayableCurrentAndNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The amount per share used to calculated dividend payments on preferred stock.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13
+ Details

Name: us-gaap_PreferredStockDividendRatePerDollarAmount

Namespace Prefix: us-gaap_

Data Type: dtr-types:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
The percentage rate used to calculate dividend payments on preferred stock.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.12-12A(Column A)(Footnote 3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column A)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column A)(Footnote 3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column A)(Footnote 3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6
+ Details

Name: us-gaap_PreferredStockDividendRatePercentage

Namespace Prefix: us-gaap_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
The per share liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-4

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13
+ Details

Name: us-gaap_PreferredStockLiquidationPreference

Namespace Prefix: us-gaap_

Data Type: dtr-types:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13
+ Details

Name: us-gaap_PreferredStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: dtr-types:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The price per share at which the preferred stock of an entity that has priority over common stock in the distribution of dividends and in the event of liquidation of the entity is redeemed or may be called at. The redemption features of this preferred stock are solely within the control of the issuer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-5

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-11
+ Details

Name: us-gaap_PreferredStockRedemptionPricePerShare

Namespace Prefix: us-gaap_

Data Type: dtr-types:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
Number of shares issued for nonredeemable preferred shares and preferred shares redeemable solely at option of issuer. Includes, but is not limited to, preferred shares issued, repurchased, and held as treasury shares. Excludes preferred shares classified as debt.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13
+ Details

Name: us-gaap_PreferredStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
The cash inflow associated with the amount received from entity's raising of capital via private rather than public placement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 14
-Subparagraph (a)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-14
+ Details

Name: us-gaap_ProceedsFromIssuanceOfPrivatePlacement

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Dividends paid to preferred stock holders that is redeemable solely at the option of the issuer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-11
+ Details

Name: us-gaap_RedeemablePreferredStockDividends

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Number of stock bought back by the entity at the exercise price or redemption price.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2
+ Details

Name: us-gaap_StockRedeemedOrCalledDuringPeriodShares

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of shares that have been repurchased and retired during the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details

Name: us-gaap_StockRepurchasedAndRetiredDuringPeriodShares

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Equity impact of the value of stock that has been repurchased and retired during the period. The excess of the purchase price over par value can be charged against retained earnings (once the excess is fully allocated to additional paid in capital).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details

Name: us-gaap_StockRepurchasedAndRetiredDuringPeriodValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: us-gaap_PlanNameAxis=incref_A2023EquityIncentivePlanMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_RelatedPartyMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_SubsidiarySaleOfStockAxis=us-gaap_PrivatePlacementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_StapledUnitsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_NewStapledUnitsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_SubsidiariesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassSMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassDMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassS1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassEMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 82 R69.htm IDEA: XBRL DOCUMENT v3.26.1

Equity - Schedule of Changes in Shares of Common Stock (Details) - shares
3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Beginning balance (in shares) 24,252,394

Beginning balance (in shares) 24,252,394

Issuance of common stock (in shares) 4,995,980 4,370,113

Common stock distribution reinvestment (in shares) 518,230 297,745

Issuance of redeemable common stock (in shares) 264,024 110,485

Repurchase of common stock (in shares) (774,158) (30,733)

Repurchase of redeemable common stock (110,485) (1,191,045)

Ending balance (in shares) 27,808,959

Ending balance (in shares) 27,808,959

Common Stock

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Beginning balance (in shares) 43,168,734

Beginning balance (in shares) 43,168,734

Ending balance (in shares) 48,062,325

Ending balance (in shares) 48,062,325

Class S Common Stock | Common Stock

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Beginning balance (in shares) 1,416,104 1,502,214

Beginning balance (in shares) 1,416,104 1,502,214

Issuance of common stock (in shares) 91,980 3,969

Common stock distribution reinvestment (in shares) 1,514 0

Issuance of redeemable common stock (in shares) 0 0

Repurchase of common stock (in shares) 0 (111)

Repurchase of redeemable common stock 0 (299,220)

Ending balance (in shares) 1,509,598 1,206,852

Ending balance (in shares) 1,509,598 1,206,852

Class S-1 Common Stock | Common Stock

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Beginning balance (in shares) 20,330,131 7,226,062

Beginning balance (in shares) 20,330,131 7,226,062

Issuance of common stock (in shares) 2,346,272 3,261,421

Common stock distribution reinvestment (in shares) 253,222 98,095

Issuance of redeemable common stock (in shares) 0 0

Repurchase of common stock (in shares) (363,564) (21,833)

Repurchase of redeemable common stock 0 0

Ending balance (in shares) 22,566,061 10,563,745

Ending balance (in shares) 22,566,061 10,563,745

Class D Common Stock | Common Stock

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Beginning balance (in shares) 1,208,568 1,499,147

Beginning balance (in shares) 1,208,568 1,499,147

Issuance of common stock (in shares) 0 8,211

Common stock distribution reinvestment (in shares) 212 99

Issuance of redeemable common stock (in shares) 0 0

Repurchase of common stock (in shares) 0 (111)

Repurchase of redeemable common stock 0 (299,413)

Ending balance (in shares) 1,208,780 1,207,933

Ending balance (in shares) 1,208,780 1,207,933

Class D-1 Common Stock | Common Stock

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Beginning balance (in shares) 0 0

Beginning balance (in shares) 0 0

Issuance of common stock (in shares) 120,452 0

Common stock distribution reinvestment (in shares) 752 0

Issuance of redeemable common stock (in shares) 0 0

Repurchase of common stock (in shares) 0 0

Repurchase of redeemable common stock 0 0

Ending balance (in shares) 121,204 0

Ending balance (in shares) 121,204 0

Class I Common Stock | Common Stock

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Beginning balance (in shares) 9,702,409 4,171,608

Beginning balance (in shares) 9,702,409 4,171,608

Issuance of common stock (in shares) 2,436,888 1,088,268

Common stock distribution reinvestment (in shares) 94,842 36,810

Issuance of redeemable common stock (in shares) 0 0

Repurchase of common stock (in shares) (410,594) (8,678)

Repurchase of redeemable common stock 0 (298,472)

Ending balance (in shares) 11,823,545 4,989,536

Ending balance (in shares) 11,823,545 4,989,536

Class E Common Stock | Common Stock

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Beginning balance (in shares) 1,631,350 1,635,105

Beginning balance (in shares) 1,631,350 1,635,105

Issuance of common stock (in shares) 388 8,244

Common stock distribution reinvestment (in shares) 2,051 1,370

Issuance of redeemable common stock (in shares) 264,024 110,485

Repurchase of common stock (in shares) 0 0

Repurchase of redeemable common stock (110,485) (293,940)

Ending balance (in shares) 1,787,328 1,461,264

Ending balance (in shares) 1,787,328 1,461,264

Class F Common Stock | Common Stock

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Beginning balance (in shares) 8,880,172 8,218,258

Beginning balance (in shares) 8,880,172 8,218,258

Issuance of common stock (in shares) 0 0

Common stock distribution reinvestment (in shares) 165,637 161,371

Issuance of redeemable common stock (in shares) 0 0

Repurchase of common stock (in shares) 0 0

Repurchase of redeemable common stock 0 0

Ending balance (in shares) 9,045,809 8,379,629

Ending balance (in shares) 9,045,809 8,379,629

X

- Definition
Temporary Equity, Stock Issued During Period, Shares, New Issues
+ References
No definition available.
+ Details

Name: incref_TemporaryEquityStockIssuedDuringPeriodSharesNewIssues

Namespace Prefix: incref_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Temporary Equity, Stock Repurchased During Period, Shares
+ References
No definition available.
+ Details

Name: incref_TemporaryEquityStockRepurchasedDuringPeriodShares

Namespace Prefix: incref_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details

Name: us-gaap_CommonStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(16)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
+ Details

Name: us-gaap_CommonStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
No definition available.
+ Details

Name: us-gaap_IncreaseDecreaseInStockholdersEquityRollForward

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of shares issued during the period from a dividend reinvestment plan (DRIP). A dividend reinvestment plan allows the shareholders to reinvest dividends paid to them by the entity on new issues of stock by the entity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3
+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of new stock issued during the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesNewIssues

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of shares that have been repurchased and retired during the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details

Name: us-gaap_StockRepurchasedAndRetiredDuringPeriodShares

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassSMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassS1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassDMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassD1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassEMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassFMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 83 R70.htm IDEA: XBRL DOCUMENT v3.26.1

Equity - Schedule of Distributions Declared Per Share (Details) - $ / shares
3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Class S Common Stock

Class of Stock [Line Items]

Aggregate distribution declared per share (in dollars per share) $ 0.4800 $ 0.5000

Stockholder servicing fee per share (in dollars per share) (0.0099) (0.0003)

Net distribution declared per share (in dollars per share) 0.4701 0.4997

Class S-1 Common Stock

Class of Stock [Line Items]

Aggregate distribution declared per share (in dollars per share) 0.4800 0.5000

Stockholder servicing fee per share (in dollars per share) (0.0524) (0.0528)

Net distribution declared per share (in dollars per share) 0.4276 0.4472

Class D Common Stock

Class of Stock [Line Items]

Aggregate distribution declared per share (in dollars per share) 0.4800 0.5000

Stockholder servicing fee per share (in dollars per share) (0.0001) 0

Net distribution declared per share (in dollars per share) 0.4799 0.5000

Class D-1 Common Stock

Class of Stock [Line Items]

Aggregate distribution declared per share (in dollars per share) 0.3200 0

Stockholder servicing fee per share (in dollars per share) (0.0101) 0

Net distribution declared per share (in dollars per share) 0.3099 0

Class I Common Stock

Class of Stock [Line Items]

Aggregate distribution declared per share (in dollars per share) 0.4800 0.5000

Stockholder servicing fee per share (in dollars per share) 0 0

Net distribution declared per share (in dollars per share) 0.4800 0.5000

Class E Common Stock

Class of Stock [Line Items]

Aggregate distribution declared per share (in dollars per share) 0.4800 0.5000

Stockholder servicing fee per share (in dollars per share) 0 0

Net distribution declared per share (in dollars per share) 0.4800 0.5000

Class F Common Stock

Class of Stock [Line Items]

Aggregate distribution declared per share (in dollars per share) 0.4800 0.5000

Stockholder servicing fee per share (in dollars per share) 0 0

Net distribution declared per share (in dollars per share) $ 0.4800 $ 0.5000

X

- Definition
Common Stock, Dividends, Per Share, Declared, Net
+ References
No definition available.
+ Details

Name: incref_CommonStockDividendsPerShareDeclaredNet

Namespace Prefix: incref_

Data Type: dtr-types:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Common Stock, Dividends, Per Share, Servicing Fee
+ References
No definition available.
+ Details

Name: incref_CommonStockDividendsPerShareServicingFee

Namespace Prefix: incref_

Data Type: dtr-types:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 6: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483014/272-10-45-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482987/272-10-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3
+ Details

Name: us-gaap_ClassOfStockLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Aggregate dividends declared during the period for each share of common stock outstanding.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details

Name: us-gaap_CommonStockDividendsPerShareDeclared

Namespace Prefix: us-gaap_

Data Type: dtr-types:perShareItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassSMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassS1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassDMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassD1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassEMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassFMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 84 R71.htm IDEA: XBRL DOCUMENT v3.26.1

Earnings per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Earnings Per Share [Abstract]

Net income (loss) available to common stockholders $ 19,713 $ 11,635

Weighted average common shares outstanding (in shares) 46,541,642 27,233,292

Effect of dilutive restricted stock awards (in shares) 225 76

Diluted weighted average common shares outstanding (in shares) 46,541,867 27,233,368

Earnings (loss) per share:

Basic (in dollars per share) $ 0.42 $ 0.43

Diluted (in dollars per share) $ 0.42 $ 0.43

X

- Definition
Earnings Per Share, Basic And Diluted EPS
+ References
No definition available.
+ Details

Name: incref_EarningsPerShareBasicAndDilutedEPSAbstract

Namespace Prefix: incref_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_EarningsPerShareAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-52

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-15

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-10

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-7

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4
+ Details

Name: us-gaap_EarningsPerShareBasic

Namespace Prefix: us-gaap_

Data Type: dtr-types:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-52

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-15

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-7

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4
+ Details

Name: us-gaap_EarningsPerShareDiluted

Namespace Prefix: us-gaap_

Data Type: dtr-types:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480454/718-10-45-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-22

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 23
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-23

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-28A
+ Details

Name: us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3A
-Subparagraph (24)(d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-3A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 6.B)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-5

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-11

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B
+ Details

Name: us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 16
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-16
+ Details

Name: us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-10
+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

XML 85 R72.htm IDEA: XBRL DOCUMENT v3.26.1

Commitments and Contingencies (Details) - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2026

Dec. 31, 2025

Other Commitments [Line Items]

Collateralized loan obligations, at fair value $ 1,004,858 $ 1,005,157

Unfunded Loan Commitment

Other Commitments [Line Items]

Collateralized loan obligations, at fair value $ 381,800

Term of related loan (in years) 1 year 4 months 20 days

X

- Definition
Fair Value, Option, Fair Value Carrying Amount, Liabilities
+ References
No definition available.
+ Details

Name: incref_FairValueOptionFairValueCarryingAmountLiabilities

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Fair Value, Option, Fair Value Carrying Amount, Liabilities, Term
+ References
No definition available.
+ Details

Name: incref_FairValueOptionFairValueCarryingAmountLiabilitiesTerm

Namespace Prefix: incref_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_OtherCommitmentsLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_FinancialInstrumentAxis=us-gaap_UnfundedLoanCommitmentMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 86 R73.htm IDEA: XBRL DOCUMENT v3.26.1

Segment Reporting (Details)
3 Months Ended

Mar. 31, 2026

segment

Segment Reporting [Abstract]

Number of operating segments 1

X

- Definition
Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-18
+ Details

Name: us-gaap_NumberOfOperatingSegments

Namespace Prefix: us-gaap_

Data Type: xbrli:integerItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_SegmentReportingAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 87 R74.htm IDEA: XBRL DOCUMENT v3.26.1

Subsequent Events - Narrative (Details) - USD ($)
1 Months Ended 3 Months Ended 12 Months Ended

May 07, 2026

May 01, 2026

May 11, 2026

Mar. 31, 2026

Dec. 31, 2025

Mar. 31, 2025

Dec. 31, 2024

Subsequent Event [Line Items]

Redeemable common stock $ 131,747,000 $ 127,691,000 $ 124,341,000 $ 151,367,000

Revolving Credit Facility | Line of Credit

Subsequent Event [Line Items]

Maximum borrowings 162,000,000

Subsequent Event

Subsequent Event [Line Items]

Cancellation of committed capital $ 150,000,000.0

Subsequent Event | Revolving Credit Facility | Line of Credit

Subsequent Event [Line Items]

Arranger fee (in percent) 0.50%

Accordion feature, increase limit $ 330,000,000.0

Extension option term (in years) 12 months

Amount outstanding $ 0

Subsequent Event | Revolving Credit Facility | Tranche A Facility | Line of Credit

Subsequent Event [Line Items]

Maximum borrowings $ 0

Debt instrument, basis spread on variable rate 1.90%

Commitment fee (in percent) 0.25%

Accordion feature, increase limit $ 150,000,000.0

Subsequent Event | Revolving Credit Facility | Tranche B Facility | Line of Credit

Subsequent Event [Line Items]

Maximum borrowings $ 100,000,000.0

Commitment fee (in percent) 1.00%

Accordion feature, increase limit $ 330,000,000.0

Subsequent Event | Revolving Credit Facility | Tranche B Facility | Line of Credit | Minimum

Subsequent Event [Line Items]

Debt instrument, basis spread on variable rate 2.75%

Subsequent Event | Revolving Credit Facility | Tranche B Facility | Line of Credit | Maximum

Subsequent Event [Line Items]

Debt instrument, basis spread on variable rate 3.25%

Affiliated Entity

Subsequent Event [Line Items]

Total Purchase Price 131,534,000 127,570,000

Affiliated Entity | Subsequent Event

Subsequent Event [Line Items]

Total Purchase Price $ 30,000,000

Invesco Realty, Inc. | Affiliated Entity

Subsequent Event [Line Items]

Total Purchase Price 120,000,000 $ 120,000,000

Invesco Realty, Inc. | Affiliated Entity | Subsequent Event | Invesco Subscription Agreement

Subsequent Event [Line Items]

Total Purchase Price $ 30,000,000.0

Redeemable common stock $ 150,000,000.0

Loan Servicer

Subsequent Event [Line Items]

Other assets $ 37,500,000

X

- Definition
Committed Capital, Cancellation
+ References
No definition available.
+ Details

Name: incref_CommittedCapitalCancellation

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Line of Credit Facility, Arranger Fee Percentage
+ References
No definition available.
+ Details

Name: incref_LineOfCreditFacilityArrangerFeePercentage

Namespace Prefix: incref_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Line of credit facility, accordion feature, increase limit, subject to certain conditions by obtaining additional commitments from existing and/or new lenders.
+ References
No definition available.
+ Details

Name: incref_LineofCreditFacilityAccordionFeatureIncreaseLimit

Namespace Prefix: incref_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Long-Term Debt, Term, Extension Options, Term
+ References
No definition available.
+ Details

Name: incref_LongTermDebtTermExtensionOptionsTerm

Namespace Prefix: incref_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: instant

X

- Definition
Percentage points added to the reference rate to compute the variable rate on the debt instrument.
+ References
No definition available.
+ Details

Name: us-gaap_DebtInstrumentBasisSpreadOnVariableRate1

Namespace Prefix: us-gaap_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(16)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1
+ Details

Name: us-gaap_LineOfCredit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used.
+ References
No definition available.
+ Details

Name: us-gaap_LineOfCreditFacilityCommitmentFeePercentage

Namespace Prefix: us-gaap_

Data Type: dtr-types:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details

Name: us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of assets classified as other.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(10))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(17))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1
+ Details

Name: us-gaap_OtherAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of consideration received by subsidiary or equity investee in exchange for shares of stock issued or sold. Includes amount of cash received, fair value of noncash assets received, and fair value of liabilities assumed by the investor.
+ References
No definition available.
+ Details

Name: us-gaap_SaleOfStockConsiderationReceivedPerTransaction

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 855
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483399/855-10-50-2
+ Details

Name: us-gaap_SubsequentEventLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 30
-Name Accounting Standards Codification
-Section S55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479772/718-30-S55-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (01)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.E.Q2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479830/718-10-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B
+ Details

Name: us-gaap_TemporaryEquityCarryingAmountAttributableToParent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_VestingAxis=us-gaap_ShareBasedCompensationAwardTrancheOneMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_VestingAxis=us-gaap_ShareBasedCompensationAwardTrancheTwoMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_RangeAxis=srt_MinimumMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_RangeAxis=srt_MaximumMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_AffiliatedEntityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CounterpartyNameAxis=incref_InvescoRealtyInc.Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_SubsidiarySaleOfStockAxis=incref_InvescoSubscriptionAgreementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CounterpartyNameAxis=incref_LoanServicerMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 88 R75.htm IDEA: XBRL DOCUMENT v3.26.1

Subsequent Events - Schedule of Issuances (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended

May 11, 2026

Mar. 31, 2026

Dec. 31, 2025

Affiliated Entity

Subsequent Event [Line Items]

DRP Shares $ 131,534 $ 127,570

Subsequent Event | Related Party

Subsequent Event [Line Items]

Shares (in shares) 3,621,254

DRP Shares $ 90,391

Subsequent Event | Affiliated Entity

Subsequent Event [Line Items]

Shares (in shares) 1,280,319

DRP Shares $ 30,000

Subsequent Event | Distribution Reinvestment Plan ("DRP") Shares

Subsequent Event [Line Items]

Shares (in shares) 183,600

DRP Shares $ 4,639

Class S Common Stock | Affiliated Entity

Subsequent Event [Line Items]

Shares (in shares) 1,196,923 1,196,923

Class S Common Stock | Subsequent Event | Related Party

Subsequent Event [Line Items]

Shares (in shares) 5,090

Class S Common Stock | Subsequent Event | Affiliated Entity

Subsequent Event [Line Items]

Shares (in shares) 301,575

Class S Common Stock | Subsequent Event | Distribution Reinvestment Plan ("DRP") Shares

Subsequent Event [Line Items]

Shares (in shares) 773

Class S-1 Common Stock | Affiliated Entity

Subsequent Event [Line Items]

Shares (in shares) 0 0

Class S-1 Common Stock | Subsequent Event | Related Party

Subsequent Event [Line Items]

Shares (in shares) 1,783,305

Class S-1 Common Stock | Subsequent Event | Affiliated Entity

Subsequent Event [Line Items]

Shares (in shares) 0

Class S-1 Common Stock | Subsequent Event | Distribution Reinvestment Plan ("DRP") Shares

Subsequent Event [Line Items]

Shares (in shares) 90,044

Class D Common Stock | Affiliated Entity

Subsequent Event [Line Items]

Shares (in shares) 1,197,628 1,197,628

Class D Common Stock | Subsequent Event | Related Party

Subsequent Event [Line Items]

Shares (in shares) 0

Class D Common Stock | Subsequent Event | Affiliated Entity

Subsequent Event [Line Items]

Shares (in shares) 301,860

Class D Common Stock | Subsequent Event | Distribution Reinvestment Plan ("DRP") Shares

Subsequent Event [Line Items]

Shares (in shares) 72

Class D-1 Common Stock | Affiliated Entity

Subsequent Event [Line Items]

Shares (in shares) 0 0

Class D-1 Common Stock | Subsequent Event | Related Party

Subsequent Event [Line Items]

Shares (in shares) 200,968

Class D-1 Common Stock | Subsequent Event | Affiliated Entity

Subsequent Event [Line Items]

Shares (in shares) 0

Class D-1 Common Stock | Subsequent Event | Distribution Reinvestment Plan ("DRP") Shares

Subsequent Event [Line Items]

Shares (in shares) 753

Class I Common Stock | Affiliated Entity

Subsequent Event [Line Items]

Shares (in shares) 1,194,434 1,194,434

Class I Common Stock | Subsequent Event | Related Party

Subsequent Event [Line Items]

Shares (in shares) 1,628,457

Class I Common Stock | Subsequent Event | Affiliated Entity

Subsequent Event [Line Items]

Shares (in shares) 300,693

Class I Common Stock | Subsequent Event | Distribution Reinvestment Plan ("DRP") Shares

Subsequent Event [Line Items]

Shares (in shares) 35,499

Class E Common Stock | Affiliated Entity

Subsequent Event [Line Items]

Shares (in shares) 1,639,537 1,485,772

Class E Common Stock | Subsequent Event | Related Party

Subsequent Event [Line Items]

Shares (in shares) 3,434

Class E Common Stock | Subsequent Event | Affiliated Entity

Subsequent Event [Line Items]

Shares (in shares) 376,191

Class E Common Stock | Subsequent Event | Adviser | Payment For Management Fees

Subsequent Event [Line Items]

Shares (in shares) 85,861

DRP Shares $ 2,200

Class E Common Stock | Subsequent Event | Distribution Reinvestment Plan ("DRP") Shares

Subsequent Event [Line Items]

Shares (in shares) 638

Class F Common Stock | Affiliated Entity

Subsequent Event [Line Items]

Shares (in shares) 0 0

Class F Common Stock | Subsequent Event | Related Party

Subsequent Event [Line Items]

Shares (in shares) 0

Class F Common Stock | Subsequent Event | Affiliated Entity

Subsequent Event [Line Items]

Shares (in shares) 0

Class F Common Stock | Subsequent Event | Distribution Reinvestment Plan ("DRP") Shares

Subsequent Event [Line Items]

Shares (in shares) 55,821

X

- Definition
Amount of consideration received by subsidiary or equity investee in exchange for shares of stock issued or sold. Includes amount of cash received, fair value of noncash assets received, and fair value of liabilities assumed by the investor.
+ References
No definition available.
+ Details

Name: us-gaap_SaleOfStockConsiderationReceivedPerTransaction

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The number of shares issued or sold by the subsidiary or equity method investee per stock transaction.
+ References
No definition available.
+ Details

Name: us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 855
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483399/855-10-50-2
+ Details

Name: us-gaap_SubsequentEventLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_AffiliatedEntityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_RelatedPartyMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_SubsidiarySaleOfStockAxis=incref_DistributionReinvestmentPlanDRPSharesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassSMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassS1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassDMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassD1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassEMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=incref_AdviserMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionAxis=incref_PaymentForManagementFeesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassFMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 89 R76.htm IDEA: XBRL DOCUMENT v3.26.1

Subsequent Events - Schedule of Redemptions (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended

May 11, 2026

Mar. 31, 2026

Mar. 31, 2025

Subsequent Event [Line Items]

Repurchase of common stock (in shares) (774,158) (30,733)

Repurchase of common stock $ 19,312 $ 754

Related Party | Subsequent Event

Subsequent Event [Line Items]

Repurchase of common stock (in shares) (179,741)

Repurchase of common stock $ 4,485

Related Party | Class S Common Stock | Subsequent Event

Subsequent Event [Line Items]

Repurchase of common stock (in shares) 0

Related Party | Class S-1 Common Stock | Subsequent Event

Subsequent Event [Line Items]

Repurchase of common stock (in shares) (49,359)

Related Party | Class D Common Stock | Subsequent Event

Subsequent Event [Line Items]

Repurchase of common stock (in shares) 0

Related Party | Class D-1 Common Stock | Subsequent Event

Subsequent Event [Line Items]

Repurchase of common stock (in shares) 0

Related Party | Class I Common Stock | Subsequent Event

Subsequent Event [Line Items]

Repurchase of common stock (in shares) (130,382)

Related Party | Class E Common Stock | Subsequent Event

Subsequent Event [Line Items]

Repurchase of common stock (in shares) 0

Related Party | Class F Common Stock | Subsequent Event

Subsequent Event [Line Items]

Repurchase of common stock (in shares) 0

Affiliated Entity | Subsequent Event

Subsequent Event [Line Items]

Repurchase of common stock (in shares) 0

Repurchase of common stock $ 0

Affiliated Entity | Class S Common Stock | Subsequent Event

Subsequent Event [Line Items]

Repurchase of common stock (in shares) 0

Affiliated Entity | Class S-1 Common Stock | Subsequent Event

Subsequent Event [Line Items]

Repurchase of common stock (in shares) 0

Affiliated Entity | Class D Common Stock | Subsequent Event

Subsequent Event [Line Items]

Repurchase of common stock (in shares) 0

Affiliated Entity | Class D-1 Common Stock | Subsequent Event

Subsequent Event [Line Items]

Repurchase of common stock (in shares) 0

Affiliated Entity | Class I Common Stock | Subsequent Event

Subsequent Event [Line Items]

Repurchase of common stock (in shares) 0

Affiliated Entity | Class E Common Stock | Subsequent Event

Subsequent Event [Line Items]

Repurchase of common stock (in shares) 0

Affiliated Entity | Class F Common Stock | Subsequent Event

Subsequent Event [Line Items]

Repurchase of common stock (in shares) 0

X

- Definition
Number of shares that have been repurchased and retired during the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details

Name: us-gaap_StockRepurchasedAndRetiredDuringPeriodShares

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Equity impact of the value of stock that has been repurchased and retired during the period. The excess of the purchase price over par value can be charged against retained earnings (once the excess is fully allocated to additional paid in capital).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1
+ Details

Name: us-gaap_StockRepurchasedAndRetiredDuringPeriodValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 855
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483399/855-10-50-2
+ Details

Name: us-gaap_SubsequentEventLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_RelatedPartyMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassSMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassS1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassDMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassD1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassIMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassEMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=incref_CommonClassFMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=srt_AffiliatedEntityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 90 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ .report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } .report table.authRefData a { display: block; font-weight: bold; } .report table.authRefData p { margin-top: 0px; } .report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } .report table.authRefData .hide a:hover { background-color: #2F4497; } .report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } .report table.authRefData table{ font-size: 1em; } /* Report Styles */ .pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ .report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } .report hr { border: 1px solid #acf; } /* Top labels */ .report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } .report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } .report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } .report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } .report td.pl div.a { width: 200px; } .report td.pl a:hover { background-color: #ffc; } /* Header rows... */ .report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ .report .rc { background-color: #f0f0f0; } /* Even rows... */ .report .re, .report .reu { background-color: #def; } .report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ .report .ro, .report .rou { background-color: white; } .report .rou td { border-bottom: 1px solid black; } .report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ .report .fn { white-space: nowrap; } /* styles for numeric types */ .report .num, .report .nump { text-align: right; white-space: nowrap; } .report .nump { padding-left: 2em; } .report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ .report .text { text-align: left; white-space: normal; } .report .text .big { margin-bottom: 1em; width: 17em; } .report .text .more { display: none; } .report .text .note { font-style: italic; font-weight: bold; } .report .text .small { width: 10em; } .report sup { font-style: italic; } .report .outerFootnotes { font-size: 1em; } XML 91 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 93 FilingSummary.xml IDEA: XBRL DOCUMENT 3.26.1 html 567 311 1 true 120 0 false 12 false false R1.htm 0000001 - Document - Cover Sheet http://invesco.com/role/Cover Cover Cover 1 false false R2.htm 9952151 - Statement - Condensed Consolidated Balance Sheets (Unaudited) Sheet http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited Condensed Consolidated Balance Sheets (Unaudited) Statements 2 false false R3.htm 9952152 - Statement - Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) Sheet http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) Statements 3 false false R4.htm 9952153 - Statement - Condensed Consolidated Statements of Comprehensive Income (Unaudited) Sheet http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited Condensed Consolidated Statements of Comprehensive Income (Unaudited) Statements 4 false false R5.htm 9952154 - Statement - Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) Sheet http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnauditedParenthetical Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) Statements 5 false false R6.htm 9952155 - Statement - Condensed Consolidated Statements of Changes in Equity and Redeemable Common Stock (Unaudited) Sheet http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited Condensed Consolidated Statements of Changes in Equity and Redeemable Common Stock (Unaudited) Statements 6 false false R7.htm 9952156 - Statement - Condensed Consolidated Statement of Cash Flows (Unaudited) Sheet http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited Condensed Consolidated Statement of Cash Flows (Unaudited) Statements 7 false false R8.htm 9952157 - Disclosure - Organization and Business Purpose Sheet http://invesco.com/role/OrganizationandBusinessPurpose Organization and Business Purpose Notes 8 false false R9.htm 9952158 - Disclosure - Summary of Significant Accounting Policies Sheet http://invesco.com/role/SummaryofSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 9 false false R10.htm 9952159 - Disclosure - Commercial Real Estate Loan Investments Sheet http://invesco.com/role/CommercialRealEstateLoanInvestments Commercial Real Estate Loan Investments Notes 10 false false R11.htm 9952160 - Disclosure - Real Estate-Related Securities Sheet http://invesco.com/role/RealEstateRelatedSecurities Real Estate-Related Securities Notes 11 false false R12.htm 9952161 - Disclosure - Borrowings Sheet http://invesco.com/role/Borrowings Borrowings Notes 12 false false R13.htm 9952162 - Disclosure - Collateralized Loan Obligations Sheet http://invesco.com/role/CollateralizedLoanObligations Collateralized Loan Obligations Notes 13 false false R14.htm 9952163 - Disclosure - Derivatives and Hedging Activities Sheet http://invesco.com/role/DerivativesandHedgingActivities Derivatives and Hedging Activities Notes 14 false false R15.htm 9952164 - Disclosure - Fair Value of Financial Instruments Sheet http://invesco.com/role/FairValueofFinancialInstruments Fair Value of Financial Instruments Notes 15 false false R16.htm 9952165 - Disclosure - Accounts Payable, Accrued Expenses and Other Liabilities Sheet http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilities Accounts Payable, Accrued Expenses and Other Liabilities Notes 16 false false R17.htm 9952166 - Disclosure - Related Party Transactions Sheet http://invesco.com/role/RelatedPartyTransactions Related Party Transactions Notes 17 false false R18.htm 9952167 - Disclosure - Redeemable Common Stock - Related Party Sheet http://invesco.com/role/RedeemableCommonStockRelatedParty Redeemable Common Stock - Related Party Notes 18 false false R19.htm 9952168 - Disclosure - Equity Sheet http://invesco.com/role/Equity Equity Notes 19 false false R20.htm 9952169 - Disclosure - Earnings per Common Share Sheet http://invesco.com/role/EarningsperCommonShare Earnings per Common Share Notes 20 false false R21.htm 9952170 - Disclosure - Commitments and Contingencies Sheet http://invesco.com/role/CommitmentsandContingencies Commitments and Contingencies Notes 21 false false R22.htm 9952171 - Disclosure - Segment Reporting Sheet http://invesco.com/role/SegmentReporting Segment Reporting Notes 22 false false R23.htm 9952172 - Disclosure - Subsequent Events Sheet http://invesco.com/role/SubsequentEvents Subsequent Events Notes 23 false false R24.htm 995445 - Disclosure - Insider Trading Arrangements Sheet http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements Insider Trading Arrangements Notes 24 false false R25.htm 9955511 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://invesco.com/role/SummaryofSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://invesco.com/role/SummaryofSignificantAccountingPolicies 25 false false R26.htm 9955512 - Disclosure - Commercial Real Estate Loan Investments (Tables) Sheet http://invesco.com/role/CommercialRealEstateLoanInvestmentsTables Commercial Real Estate Loan Investments (Tables) Tables http://invesco.com/role/CommercialRealEstateLoanInvestments 26 false false R27.htm 9955513 - Disclosure - Real Estate-Related Securities (Tables) Sheet http://invesco.com/role/RealEstateRelatedSecuritiesTables Real Estate-Related Securities (Tables) Tables http://invesco.com/role/RealEstateRelatedSecurities 27 false false R28.htm 9955514 - Disclosure - Borrowings (Tables) Sheet http://invesco.com/role/BorrowingsTables Borrowings (Tables) Tables http://invesco.com/role/Borrowings 28 false false R29.htm 9955515 - Disclosure - Collateralized Loan Obligations (Tables) Sheet http://invesco.com/role/CollateralizedLoanObligationsTables Collateralized Loan Obligations (Tables) Tables http://invesco.com/role/CollateralizedLoanObligations 29 false false R30.htm 9955516 - Disclosure - Derivatives and Hedging Activities (Tables) Sheet http://invesco.com/role/DerivativesandHedgingActivitiesTables Derivatives and Hedging Activities (Tables) Tables http://invesco.com/role/DerivativesandHedgingActivities 30 false false R31.htm 9955517 - Disclosure - Fair Value of Financial Instruments (Tables) Sheet http://invesco.com/role/FairValueofFinancialInstrumentsTables Fair Value of Financial Instruments (Tables) Tables http://invesco.com/role/FairValueofFinancialInstruments 31 false false R32.htm 9955518 - Disclosure - Accounts Payable, Accrued Expenses and Other Liabilities (Tables) Sheet http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesTables Accounts Payable, Accrued Expenses and Other Liabilities (Tables) Tables http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilities 32 false false R33.htm 9955519 - Disclosure - Related Party Transactions (Tables) Sheet http://invesco.com/role/RelatedPartyTransactionsTables Related Party Transactions (Tables) Tables http://invesco.com/role/RelatedPartyTransactions 33 false false R34.htm 9955520 - Disclosure - Redeemable Common Stock - Related Party (Tables) Sheet http://invesco.com/role/RedeemableCommonStockRelatedPartyTables Redeemable Common Stock - Related Party (Tables) Tables http://invesco.com/role/RedeemableCommonStockRelatedParty 34 false false R35.htm 9955521 - Disclosure - Equity (Tables) Sheet http://invesco.com/role/EquityTables Equity (Tables) Tables http://invesco.com/role/Equity 35 false false R36.htm 9955522 - Disclosure - Earnings per Common Share (Tables) Sheet http://invesco.com/role/EarningsperCommonShareTables Earnings per Common Share (Tables) Tables http://invesco.com/role/EarningsperCommonShare 36 false false R37.htm 9955523 - Disclosure - Subsequent Events (Tables) Sheet http://invesco.com/role/SubsequentEventsTables Subsequent Events (Tables) Tables http://invesco.com/role/SubsequentEvents 37 false false R38.htm 9955524 - Disclosure - Organization and Business Purpose (Details) Sheet http://invesco.com/role/OrganizationandBusinessPurposeDetails Organization and Business Purpose (Details) Details http://invesco.com/role/OrganizationandBusinessPurpose 38 false false R39.htm 9955525 - Disclosure - Summary of Significant Accounting Policies (Details) Sheet http://invesco.com/role/SummaryofSignificantAccountingPoliciesDetails Summary of Significant Accounting Policies (Details) Details http://invesco.com/role/SummaryofSignificantAccountingPoliciesPolicies 39 false false R40.htm 9955526 - Disclosure - Commercial Real Estate Loan Investments - Schedule of Investments in Commercial Real Estate Loans (Details) Sheet http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofInvestmentsinCommercialRealEstateLoansDetails Commercial Real Estate Loan Investments - Schedule of Investments in Commercial Real Estate Loans (Details) Details 40 false false R41.htm 9955527 - Disclosure - Commercial Real Estate Loan Investments - Schedule of Property Type And Geographic Distribution (Details) Sheet http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails Commercial Real Estate Loan Investments - Schedule of Property Type And Geographic Distribution (Details) Details 41 false false R42.htm 9955528 - Disclosure - Commercial Real Estate Loan Investments - Narrative (Details) Sheet http://invesco.com/role/CommercialRealEstateLoanInvestmentsNarrativeDetails Commercial Real Estate Loan Investments - Narrative (Details) Details 42 false false R43.htm 9955529 - Disclosure - Real Estate-Related Securities - Schedule Of Real Estate-Related Securities (Details) Sheet http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfRealEstateRelatedSecuritiesDetails Real Estate-Related Securities - Schedule Of Real Estate-Related Securities (Details) Details 43 false false R44.htm 9955530 - Disclosure - Real Estate-Related Securities - Schedule Of Gain (Loss) On Real Estate-Related Securities (Details) Sheet http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfGainLossOnRealEstateRelatedSecuritiesDetails Real Estate-Related Securities - Schedule Of Gain (Loss) On Real Estate-Related Securities (Details) Details 44 false false R45.htm 9955531 - Disclosure - Borrowings - Schedule of Repurchase Agreement and Revolving Line of Credit Borrowings (Details) Sheet http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails Borrowings - Schedule of Repurchase Agreement and Revolving Line of Credit Borrowings (Details) Details 45 false false R46.htm 9955532 - Disclosure - Borrowings - Narrative (Details) Sheet http://invesco.com/role/BorrowingsNarrativeDetails Borrowings - Narrative (Details) Details 46 false false R47.htm 9955533 - Disclosure - Borrowings - Schedule of Net Exposure With Counterparties Where Amount At Risk Exceeded 10.0% of Stockholders??? Equity (Details) Sheet http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails Borrowings - Schedule of Net Exposure With Counterparties Where Amount At Risk Exceeded 10.0% of Stockholders??? Equity (Details) Details 47 false false R48.htm 9955534 - Disclosure - Borrowings - Schedule of Maturities of Outstanding Borrowings (Details) Sheet http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails Borrowings - Schedule of Maturities of Outstanding Borrowings (Details) Details 48 false false R49.htm 9955535 - Disclosure - Collateralized Loan Obligations - Schedule of Collateralized Loan Obligations (Details) Sheet http://invesco.com/role/CollateralizedLoanObligationsScheduleofCollateralizedLoanObligationsDetails Collateralized Loan Obligations - Schedule of Collateralized Loan Obligations (Details) Details 49 false false R50.htm 9955536 - Disclosure - Collateralized Loan Obligations - Narrative (Details) Sheet http://invesco.com/role/CollateralizedLoanObligationsNarrativeDetails Collateralized Loan Obligations - Narrative (Details) Details 50 false false R51.htm 9955537 - Disclosure - Collateralized Loan Obligations - Schedule of Consolidated VIE (Details) Sheet http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails Collateralized Loan Obligations - Schedule of Consolidated VIE (Details) Details 51 false false R52.htm 9955538 - Disclosure - Derivatives and Hedging Activities - Schedule of Unrealized Foreign Exchange Impact Recognized In Condensed Consolidated Statements Of Comprehensive Income (Details) Sheet http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails Derivatives and Hedging Activities - Schedule of Unrealized Foreign Exchange Impact Recognized In Condensed Consolidated Statements Of Comprehensive Income (Details) Details 52 false false R53.htm 9955539 - Disclosure - Derivatives and Hedging Activities - Schedule of Changes in the Notional Amount of our Currency Forward Contracts (Details) Sheet http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails Derivatives and Hedging Activities - Schedule of Changes in the Notional Amount of our Currency Forward Contracts (Details) Details 53 false false R54.htm 9955540 - Disclosure - Derivatives and Hedging Activities - Schedule of Fair Value of our Currency Forward Contracts (Details) Sheet http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofFairValueofourCurrencyForwardContractsDetails Derivatives and Hedging Activities - Schedule of Fair Value of our Currency Forward Contracts (Details) Details 54 false false R55.htm 9955541 - Disclosure - Derivatives and Hedging Activities - Schedule of Effect of Currency Forward Contracts Reported in Gain (Loss) on Derivative Instruments (Details) Sheet http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofEffectofCurrencyForwardContractsReportedinGainLossonDerivativeInstrumentsDetails Derivatives and Hedging Activities - Schedule of Effect of Currency Forward Contracts Reported in Gain (Loss) on Derivative Instruments (Details) Details 55 false false R56.htm 9955542 - Disclosure - Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured At Fair Value On A Recurring Basis (Details) Sheet http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured At Fair Value On A Recurring Basis (Details) Details 56 false false R57.htm 9955543 - Disclosure - Fair Value of Financial Instruments - Schedule of Reconciliation (Details) Sheet http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails Fair Value of Financial Instruments - Schedule of Reconciliation (Details) Details 57 false false R58.htm 9955544 - Disclosure - Fair Value of Financial Instruments - Schedule of Significant Unobservable Inputs (Details) Sheet http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails Fair Value of Financial Instruments - Schedule of Significant Unobservable Inputs (Details) Details 58 false false R59.htm 9955545 - Disclosure - Accounts Payable, Accrued Expenses and Other Liabilities (Details) Sheet http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails Accounts Payable, Accrued Expenses and Other Liabilities (Details) Details http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesTables 59 false false R60.htm 9955546 - Disclosure - Related Party Transactions - Schedule of Components of Due to Affiliates (Details) Sheet http://invesco.com/role/RelatedPartyTransactionsScheduleofComponentsofDuetoAffiliatesDetails Related Party Transactions - Schedule of Components of Due to Affiliates (Details) Details 60 false false R61.htm 9955547 - Disclosure - Related Party Transactions - Narrative (Details) Sheet http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails Related Party Transactions - Narrative (Details) Details 61 false false R62.htm 9955548 - Disclosure - Related Party Transactions - Schedule of Stockholder Servicing Fees (Details) Sheet http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails Related Party Transactions - Schedule of Stockholder Servicing Fees (Details) Details 62 false false R63.htm 9955549 - Disclosure - Related Party Transactions - Schedule of Upfront Selling Commissions and Stockholder Servicing Fee (Details) Sheet http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails Related Party Transactions - Schedule of Upfront Selling Commissions and Stockholder Servicing Fee (Details) Details 63 false false R64.htm 9955550 - Disclosure - Related Party Transactions - Schedule of Shares Purchased By Affiliates (Details) Sheet http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails Related Party Transactions - Schedule of Shares Purchased By Affiliates (Details) Details 64 false false R65.htm 9955551 - Disclosure - Redeemable Common Stock - Related Party - Narrative (Details) Sheet http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails Redeemable Common Stock - Related Party - Narrative (Details) Details 65 false false R66.htm 9955552 - Disclosure - Redeemable Common Stock - Related Party - Schedule of Changes In Redeemable Common Stock (Details) Sheet http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInRedeemableCommonStockDetails Redeemable Common Stock - Related Party - Schedule of Changes In Redeemable Common Stock (Details) Details 66 false false R67.htm 9955553 - Disclosure - Redeemable Common Stock - Related Party - Schedule of Changes In Outstanding Shares Of Redeemable Common Stock (Details) Sheet http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInOutstandingSharesOfRedeemableCommonStockDetails Redeemable Common Stock - Related Party - Schedule of Changes In Outstanding Shares Of Redeemable Common Stock (Details) Details 67 false false R68.htm 9955554 - Disclosure - Equity - Narrative (Details) Sheet http://invesco.com/role/EquityNarrativeDetails Equity - Narrative (Details) Details 68 false false R69.htm 9955555 - Disclosure - Equity - Schedule of Changes in Shares of Common Stock (Details) Sheet http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails Equity - Schedule of Changes in Shares of Common Stock (Details) Details 69 false false R70.htm 9955556 - Disclosure - Equity - Schedule of Distributions Declared Per Share (Details) Sheet http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails Equity - Schedule of Distributions Declared Per Share (Details) Details 70 false false R71.htm 9955557 - Disclosure - Earnings per Common Share (Details) Sheet http://invesco.com/role/EarningsperCommonShareDetails Earnings per Common Share (Details) Details http://invesco.com/role/EarningsperCommonShareTables 71 false false R72.htm 9955558 - Disclosure - Commitments and Contingencies (Details) Sheet http://invesco.com/role/CommitmentsandContingenciesDetails Commitments and Contingencies (Details) Details http://invesco.com/role/CommitmentsandContingencies 72 false false R73.htm 9955559 - Disclosure - Segment Reporting (Details) Sheet http://invesco.com/role/SegmentReportingDetails Segment Reporting (Details) Details http://invesco.com/role/SegmentReporting 73 false false R74.htm 9955560 - Disclosure - Subsequent Events - Narrative (Details) Sheet http://invesco.com/role/SubsequentEventsNarrativeDetails Subsequent Events - Narrative (Details) Details 74 false false R75.htm 9955561 - Disclosure - Subsequent Events - Schedule of Issuances (Details) Sheet http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails Subsequent Events - Schedule of Issuances (Details) Details 75 false false R76.htm 9955562 - Disclosure - Subsequent Events - Schedule of Redemptions (Details) Sheet http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails Subsequent Events - Schedule of Redemptions (Details) Details 76 false false All Reports Book All Reports incref-20260331.htm incref-20260331.xsd incref-20260331_cal.xml incref-20260331_def.xml incref-20260331_lab.xml incref-20260331_pre.xml incref-20260331_g1.jpg incref-20260331_g2.jpg http://fasb.org/us-gaap/2025 http://xbrl.sec.gov/dei/2025 http://xbrl.sec.gov/ecd/2025 true true JSON 96 MetaLinks.json IDEA: XBRL DOCUMENT { "version": "2.2", "instance": { "incref-20260331.htm": { "nsprefix": "incref", "nsuri": "http://invesco.com/20260331", "dts": { "inline": { "local": [ "incref-20260331.htm" ] }, "schema": { "local": [ "incref-20260331.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/reference-2009-12-16.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "https://www.xbrl.org/2023/calculation-1.1.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://www.xbrl.org/dtr/type/2024-01-31/types.xsd", "https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd", "https://xbrl.fasb.org/srt/2025/elts/srt-roles-2025.xsd", "https://xbrl.fasb.org/srt/2025/elts/srt-types-2025.xsd", "https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd", "https://xbrl.fasb.org/us-gaap/2025/elts/us-roles-2025.xsd", "https://xbrl.fasb.org/us-gaap/2025/elts/us-types-2025.xsd", "https://xbrl.sec.gov/country/2025/country-2025.xsd", "https://xbrl.sec.gov/currency/2025/currency-2025.xsd", "https://xbrl.sec.gov/dei/2025/dei-2025.xsd", "https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd", "https://xbrl.sec.gov/stpr/2025/stpr-2025.xsd" ] }, "calculationLink": { "local": [ "incref-20260331_cal.xml" ] }, "definitionLink": { "local": [ "incref-20260331_def.xml" ] }, "labelLink": { "local": [ "incref-20260331_lab.xml" ] }, "presentationLink": { "local": [ "incref-20260331_pre.xml" ] } }, "keyStandard": 228, "keyCustom": 83, "axisStandard": 31, "axisCustom": 0, "memberStandard": 51, "memberCustom": 61, "hidden": { "total": 6, "http://xbrl.sec.gov/dei/2025": 5, "http://fasb.org/us-gaap/2025": 1 }, "contextCount": 567, "entityCount": 1, "segmentCount": 120, "elementCount": 664, "unitCount": 12, "baseTaxonomies": { "http://fasb.org/us-gaap/2025": 1087, "http://xbrl.sec.gov/dei/2025": 34, "http://xbrl.sec.gov/ecd/2025": 4 }, "report": { "R1": { "role": "http://invesco.com/role/Cover", "longName": "0000001 - Document - Cover", "shortName": "Cover", "isDefault": "true", "groupType": "document", "subGroupType": "", "menuCat": "Cover", "order": "1", "firstAnchor": { "contextRef": "c-1", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R2": { "role": "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "longName": "9952151 - Statement - Condensed Consolidated Balance Sheets (Unaudited)", "shortName": "Condensed Consolidated Balance Sheets (Unaudited)", "isDefault": "false", "groupType": "statement", "subGroupType": "", "menuCat": "Statements", "order": "2", "firstAnchor": { "contextRef": "c-13", "name": "us-gaap:CashAndCashEquivalentsAtCarryingValue", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-13", "name": "us-gaap:CashAndCashEquivalentsAtCarryingValue", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R3": { "role": "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "longName": "9952152 - Statement - Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)", "shortName": "Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)", "isDefault": "false", "groupType": "statement", "subGroupType": "parenthetical", "menuCat": "Statements", "order": "3", "firstAnchor": { "contextRef": "c-13", "name": "us-gaap:DividendsPayableCurrentAndNoncurrent", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-19", "name": "us-gaap:CommonStockParOrStatedValuePerShare", "unitRef": "usdPerShare", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "div", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R4": { "role": "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "longName": "9952153 - Statement - Condensed Consolidated Statements of Comprehensive Income (Unaudited)", "shortName": "Condensed Consolidated Statements of Comprehensive Income (Unaudited)", "isDefault": "false", "groupType": "statement", "subGroupType": "", "menuCat": "Statements", "order": "4", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:InterestIncomeOther", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:InterestIncomeOther", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R5": { "role": "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnauditedParenthetical", "longName": "9952154 - Statement - Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical)", "shortName": "Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical)", "isDefault": "false", "groupType": "statement", "subGroupType": "parenthetical", "menuCat": "Statements", "order": "5", "firstAnchor": { "contextRef": "c-42", "name": "incref:CommitmentFeeExpense", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "div", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-42", "name": "incref:CommitmentFeeExpense", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "div", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R6": { "role": "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "longName": "9952155 - Statement - Condensed Consolidated Statements of Changes in Equity and Redeemable Common Stock (Unaudited)", "shortName": "Condensed Consolidated Statements of Changes in Equity and Redeemable Common Stock (Unaudited)", "isDefault": "false", "groupType": "statement", "subGroupType": "", "menuCat": "Statements", "order": "6", "firstAnchor": { "contextRef": "c-93", "name": "us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-93", "name": "us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R7": { "role": "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited", "longName": "9952156 - Statement - Condensed Consolidated Statement of Cash Flows (Unaudited)", "shortName": "Condensed Consolidated Statement of Cash Flows (Unaudited)", "isDefault": "false", "groupType": "statement", "subGroupType": "", "menuCat": "Statements", "order": "7", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ProfitLoss", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ForeignCurrencyTransactionGainLossUnrealized", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R8": { "role": "http://invesco.com/role/OrganizationandBusinessPurpose", "longName": "9952157 - Disclosure - Organization and Business Purpose", "shortName": "Organization and Business Purpose", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "8", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R9": { "role": "http://invesco.com/role/SummaryofSignificantAccountingPolicies", "longName": "9952158 - Disclosure - Summary of Significant Accounting Policies", "shortName": "Summary of Significant Accounting Policies", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "9", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:SignificantAccountingPoliciesTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:SignificantAccountingPoliciesTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R10": { "role": "http://invesco.com/role/CommercialRealEstateLoanInvestments", "longName": "9952159 - Disclosure - Commercial Real Estate Loan Investments", "shortName": "Commercial Real Estate Loan Investments", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "10", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:FairValueOptionTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": null }, "R11": { "role": "http://invesco.com/role/RealEstateRelatedSecurities", "longName": "9952160 - Disclosure - Real Estate-Related Securities", "shortName": "Real Estate-Related Securities", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "11", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:FairValueOptionTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": null }, "R12": { "role": "http://invesco.com/role/Borrowings", "longName": "9952161 - Disclosure - Borrowings", "shortName": "Borrowings", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "12", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:DebtDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:DebtDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R13": { "role": "http://invesco.com/role/CollateralizedLoanObligations", "longName": "9952162 - Disclosure - Collateralized Loan Obligations", "shortName": "Collateralized Loan Obligations", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "13", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:TransfersAndServicingOfFinancialAssetsTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:TransfersAndServicingOfFinancialAssetsTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R14": { "role": "http://invesco.com/role/DerivativesandHedgingActivities", "longName": "9952163 - Disclosure - Derivatives and Hedging Activities", "shortName": "Derivatives and Hedging Activities", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "14", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R15": { "role": "http://invesco.com/role/FairValueofFinancialInstruments", "longName": "9952164 - Disclosure - Fair Value of Financial Instruments", "shortName": "Fair Value of Financial Instruments", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "15", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:FairValueDisclosuresTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:FairValueDisclosuresTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R16": { "role": "http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilities", "longName": "9952165 - Disclosure - Accounts Payable, Accrued Expenses and Other Liabilities", "shortName": "Accounts Payable, Accrued Expenses and Other Liabilities", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "16", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R17": { "role": "http://invesco.com/role/RelatedPartyTransactions", "longName": "9952166 - Disclosure - Related Party Transactions", "shortName": "Related Party Transactions", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "17", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R18": { "role": "http://invesco.com/role/RedeemableCommonStockRelatedParty", "longName": "9952167 - Disclosure - Redeemable Common Stock - Related Party", "shortName": "Redeemable Common Stock - Related Party", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "18", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": null }, "R19": { "role": "http://invesco.com/role/Equity", "longName": "9952168 - Disclosure - Equity", "shortName": "Equity", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "19", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": null }, "R20": { "role": "http://invesco.com/role/EarningsperCommonShare", "longName": "9952169 - Disclosure - Earnings per Common Share", "shortName": "Earnings per Common Share", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "20", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:EarningsPerShareTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:EarningsPerShareTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R21": { "role": "http://invesco.com/role/CommitmentsandContingencies", "longName": "9952170 - Disclosure - Commitments and Contingencies", "shortName": "Commitments and Contingencies", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "21", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R22": { "role": "http://invesco.com/role/SegmentReporting", "longName": "9952171 - Disclosure - Segment Reporting", "shortName": "Segment Reporting", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "22", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:SegmentReportingDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:SegmentReportingDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R23": { "role": "http://invesco.com/role/SubsequentEvents", "longName": "9952172 - Disclosure - Subsequent Events", "shortName": "Subsequent Events", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "23", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:SubsequentEventsTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:SubsequentEventsTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R24": { "role": "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements", "longName": "995445 - Disclosure - Insider Trading Arrangements", "shortName": "Insider Trading Arrangements", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "24", "firstAnchor": { "contextRef": "c-1", "name": "ecd:Rule10b51ArrAdoptedFlag", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ecd:NonRule10b51ArrAdoptedFlag", "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "ecd:Rule10b51ArrAdoptedFlag", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ecd:NonRule10b51ArrAdoptedFlag", "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R25": { "role": "http://invesco.com/role/SummaryofSignificantAccountingPoliciesPolicies", "longName": "9955511 - Disclosure - Summary of Significant Accounting Policies (Policies)", "shortName": "Summary of Significant Accounting Policies (Policies)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "policies", "menuCat": "Policies", "order": "25", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:BasisOfAccountingPolicyPolicyTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:BasisOfAccountingPolicyPolicyTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R26": { "role": "http://invesco.com/role/CommercialRealEstateLoanInvestmentsTables", "longName": "9955512 - Disclosure - Commercial Real Estate Loan Investments (Tables)", "shortName": "Commercial Real Estate Loan Investments (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "26", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:FairValueOptionQuantitativeDisclosuresTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": null }, "R27": { "role": "http://invesco.com/role/RealEstateRelatedSecuritiesTables", "longName": "9955513 - Disclosure - Real Estate-Related Securities (Tables)", "shortName": "Real Estate-Related Securities (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "27", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:FairValueOptionQuantitativeDisclosuresTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": null }, "R28": { "role": "http://invesco.com/role/BorrowingsTables", "longName": "9955514 - Disclosure - Borrowings (Tables)", "shortName": "Borrowings (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "28", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfDebtTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfDebtTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R29": { "role": "http://invesco.com/role/CollateralizedLoanObligationsTables", "longName": "9955515 - Disclosure - Collateralized Loan Obligations (Tables)", "shortName": "Collateralized Loan Obligations (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "29", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfQuantitativeInformationAboutFinancialAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfQuantitativeInformationAboutFinancialAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R30": { "role": "http://invesco.com/role/DerivativesandHedgingActivitiesTables", "longName": "9955516 - Disclosure - Derivatives and Hedging Activities (Tables)", "shortName": "Derivatives and Hedging Activities (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "30", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R31": { "role": "http://invesco.com/role/FairValueofFinancialInstrumentsTables", "longName": "9955517 - Disclosure - Fair Value of Financial Instruments (Tables)", "shortName": "Fair Value of Financial Instruments (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "31", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R32": { "role": "http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesTables", "longName": "9955518 - Disclosure - Accounts Payable, Accrued Expenses and Other Liabilities (Tables)", "shortName": "Accounts Payable, Accrued Expenses and Other Liabilities (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "32", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R33": { "role": "http://invesco.com/role/RelatedPartyTransactionsTables", "longName": "9955519 - Disclosure - Related Party Transactions (Tables)", "shortName": "Related Party Transactions (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "33", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfRelatedPartyTransactionsTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfRelatedPartyTransactionsTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R34": { "role": "http://invesco.com/role/RedeemableCommonStockRelatedPartyTables", "longName": "9955520 - Disclosure - Redeemable Common Stock - Related Party (Tables)", "shortName": "Redeemable Common Stock - Related Party (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "34", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfStockByClassTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfStockByClassTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R35": { "role": "http://invesco.com/role/EquityTables", "longName": "9955521 - Disclosure - Equity (Tables)", "shortName": "Equity (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "35", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfCommonStockOutstandingRollForwardTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfCommonStockOutstandingRollForwardTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R36": { "role": "http://invesco.com/role/EarningsperCommonShareTables", "longName": "9955522 - Disclosure - Earnings per Common Share (Tables)", "shortName": "Earnings per Common Share (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "36", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R37": { "role": "http://invesco.com/role/SubsequentEventsTables", "longName": "9955523 - Disclosure - Subsequent Events (Tables)", "shortName": "Subsequent Events (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "37", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfStockholdersEquityTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfStockholdersEquityTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R38": { "role": "http://invesco.com/role/OrganizationandBusinessPurposeDetails", "longName": "9955524 - Disclosure - Organization and Business Purpose (Details)", "shortName": "Organization and Business Purpose (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "38", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:NumberOfOperatingSegments", "unitRef": "segment", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": null }, "R39": { "role": "http://invesco.com/role/SummaryofSignificantAccountingPoliciesDetails", "longName": "9955525 - Disclosure - Summary of Significant Accounting Policies (Details)", "shortName": "Summary of Significant Accounting Policies (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "39", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:IncomeTaxExpenseBenefit", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:IncomeTaxExpenseBenefit", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R40": { "role": "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofInvestmentsinCommercialRealEstateLoansDetails", "longName": "9955526 - Disclosure - Commercial Real Estate Loan Investments - Schedule of Investments in Commercial Real Estate Loans (Details)", "shortName": "Commercial Real Estate Loan Investments - Schedule of Investments in Commercial Real Estate Loans (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "40", "firstAnchor": { "contextRef": "c-9", "name": "incref:FairValueOptionContractualPrincipalAmountAssets", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:FairValueOptionQuantitativeDisclosuresTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-9", "name": "incref:FairValueOptionContractualPrincipalAmountAssets", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:FairValueOptionQuantitativeDisclosuresTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R41": { "role": "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails", "longName": "9955527 - Disclosure - Commercial Real Estate Loan Investments - Schedule of Property Type And Geographic Distribution (Details)", "shortName": "Commercial Real Estate Loan Investments - Schedule of Property Type And Geographic Distribution (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "41", "firstAnchor": { "contextRef": "c-9", "name": "incref:FairValueOptionFairValueCarryingAmountAssets", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-142", "name": "us-gaap:ConcentrationRiskPercentage1", "unitRef": "number", "xsiNil": "false", "lang": "en-US", "decimals": "3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:FairValueOptionQuantitativeDisclosuresTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R42": { "role": "http://invesco.com/role/CommercialRealEstateLoanInvestmentsNarrativeDetails", "longName": "9955528 - Disclosure - Commercial Real Estate Loan Investments - Narrative (Details)", "shortName": "Commercial Real Estate Loan Investments - Narrative (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "42", "firstAnchor": { "contextRef": "c-9", "name": "incref:FairValueOptionWeightedAverageLoanToValueRatio", "unitRef": "number", "xsiNil": "false", "lang": "en-US", "decimals": "2", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-9", "name": "incref:FairValueOptionWeightedAverageLoanToValueRatio", "unitRef": "number", "xsiNil": "false", "lang": "en-US", "decimals": "2", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R43": { "role": "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfRealEstateRelatedSecuritiesDetails", "longName": "9955529 - Disclosure - Real Estate-Related Securities - Schedule Of Real Estate-Related Securities (Details)", "shortName": "Real Estate-Related Securities - Schedule Of Real Estate-Related Securities (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "43", "firstAnchor": { "contextRef": "c-11", "name": "incref:FairValueOptionContractualPrincipalAmountAssets", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-11", "name": "incref:FairValueOptionContractualPrincipalAmountAssets", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R44": { "role": "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfGainLossOnRealEstateRelatedSecuritiesDetails", "longName": "9955530 - Disclosure - Real Estate-Related Securities - Schedule Of Gain (Loss) On Real Estate-Related Securities (Details)", "shortName": "Real Estate-Related Securities - Schedule Of Gain (Loss) On Real Estate-Related Securities (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "44", "firstAnchor": { "contextRef": "c-37", "name": "incref:FairValueOptionChangesInFairValueRealizedGainLoss", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-37", "name": "incref:FairValueOptionChangesInFairValueRealizedGainLoss", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R45": { "role": "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails", "longName": "9955531 - Disclosure - Borrowings - Schedule of Repurchase Agreement and Revolving Line of Credit Borrowings (Details)", "shortName": "Borrowings - Schedule of Repurchase Agreement and Revolving Line of Credit Borrowings (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "45", "firstAnchor": { "contextRef": "c-243", "name": "us-gaap:LongTermDebt", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-205", "name": "us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:ScheduleOfDebtTableTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R46": { "role": "http://invesco.com/role/BorrowingsNarrativeDetails", "longName": "9955532 - Disclosure - Borrowings - Narrative (Details)", "shortName": "Borrowings - Narrative (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "46", "firstAnchor": { "contextRef": "c-205", "name": "us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:ScheduleOfDebtTableTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-211", "name": "incref:FairValueOptionFairValueOfCollateralAssets", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-8", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R47": { "role": "http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails", "longName": "9955533 - Disclosure - Borrowings - Schedule of Net Exposure With Counterparties Where Amount At Risk Exceeded 10.0% of Stockholders\u2019 Equity (Details)", "shortName": "Borrowings - Schedule of Net Exposure With Counterparties Where Amount At Risk Exceeded 10.0% of Stockholders\u2019 Equity (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "47", "firstAnchor": { "contextRef": "c-13", "name": "us-gaap:RepurchaseAgreementCounterpartyAmountAtRisk", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-13", "name": "us-gaap:RepurchaseAgreementCounterpartyAmountAtRisk", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R48": { "role": "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails", "longName": "9955534 - Disclosure - Borrowings - Schedule of Maturities of Outstanding Borrowings (Details)", "shortName": "Borrowings - Schedule of Maturities of Outstanding Borrowings (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "48", "firstAnchor": { "contextRef": "c-243", "name": "us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-243", "name": "us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R49": { "role": "http://invesco.com/role/CollateralizedLoanObligationsScheduleofCollateralizedLoanObligationsDetails", "longName": "9955535 - Disclosure - Collateralized Loan Obligations - Schedule of Collateralized Loan Obligations (Details)", "shortName": "Collateralized Loan Obligations - Schedule of Collateralized Loan Obligations (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "49", "firstAnchor": { "contextRef": "c-247", "name": "incref:FairValueOptionWeightedAverageInterestRate", "unitRef": "number", "xsiNil": "false", "lang": "en-US", "decimals": "4", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfQuantitativeInformationAboutFinancialAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-247", "name": "incref:FairValueOptionWeightedAverageInterestRate", "unitRef": "number", "xsiNil": "false", "lang": "en-US", "decimals": "4", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfQuantitativeInformationAboutFinancialAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R50": { "role": "http://invesco.com/role/CollateralizedLoanObligationsNarrativeDetails", "longName": "9955536 - Disclosure - Collateralized Loan Obligations - Narrative (Details)", "shortName": "Collateralized Loan Obligations - Narrative (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "50", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:InterestExpenseOperating", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-250", "name": "us-gaap:DebtInstrumentFaceAmount", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-8", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R51": { "role": "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails", "longName": "9955537 - Disclosure - Collateralized Loan Obligations - Schedule of Consolidated VIE (Details)", "shortName": "Collateralized Loan Obligations - Schedule of Consolidated VIE (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "51", "firstAnchor": { "contextRef": "c-13", "name": "us-gaap:RestrictedCash", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-33", "name": "us-gaap:RestrictedCash", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfVariableInterestEntitiesTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R52": { "role": "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails", "longName": "9955538 - Disclosure - Derivatives and Hedging Activities - Schedule of Unrealized Foreign Exchange Impact Recognized In Condensed Consolidated Statements Of Comprehensive Income (Details)", "shortName": "Derivatives and Hedging Activities - Schedule of Unrealized Foreign Exchange Impact Recognized In Condensed Consolidated Statements Of Comprehensive Income (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "52", "firstAnchor": { "contextRef": "c-1", "name": "incref:SecuredFinancingFacilitiesGainLoss", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-255", "name": "incref:SecuredFinancingFacilitiesGainLoss", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R53": { "role": "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails", "longName": "9955539 - Disclosure - Derivatives and Hedging Activities - Schedule of Changes in the Notional Amount of our Currency Forward Contracts (Details)", "shortName": "Derivatives and Hedging Activities - Schedule of Changes in the Notional Amount of our Currency Forward Contracts (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "53", "firstAnchor": { "contextRef": "c-257", "name": "us-gaap:DerivativeNotionalAmount", "unitRef": "eur", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-257", "name": "us-gaap:DerivativeNotionalAmount", "unitRef": "eur", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R54": { "role": "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofFairValueofourCurrencyForwardContractsDetails", "longName": "9955540 - Disclosure - Derivatives and Hedging Activities - Schedule of Fair Value of our Currency Forward Contracts (Details)", "shortName": "Derivatives and Hedging Activities - Schedule of Fair Value of our Currency Forward Contracts (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "54", "firstAnchor": { "contextRef": "c-13", "name": "us-gaap:DerivativeAssets", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-275", "name": "us-gaap:DerivativeAssets", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R55": { "role": "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofEffectofCurrencyForwardContractsReportedinGainLossonDerivativeInstrumentsDetails", "longName": "9955541 - Disclosure - Derivatives and Hedging Activities - Schedule of Effect of Currency Forward Contracts Reported in Gain (Loss) on Derivative Instruments (Details)", "shortName": "Derivatives and Hedging Activities - Schedule of Effect of Currency Forward Contracts Reported in Gain (Loss) on Derivative Instruments (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "55", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:UnrealizedGainLossOnDerivatives", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-277", "name": "us-gaap:DerivativeGainLossOnDerivativeNet", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R56": { "role": "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "longName": "9955542 - Disclosure - Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured At Fair Value On A Recurring Basis (Details)", "shortName": "Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured At Fair Value On A Recurring Basis (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "56", "firstAnchor": { "contextRef": "c-13", "name": "us-gaap:DerivativeAssets", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-13", "name": "us-gaap:AssetsFairValueDisclosure", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R57": { "role": "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails", "longName": "9955543 - Disclosure - Fair Value of Financial Instruments - Schedule of Reconciliation (Details)", "shortName": "Fair Value of Financial Instruments - Schedule of Reconciliation (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "57", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-345", "name": "us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R58": { "role": "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails", "longName": "9955544 - Disclosure - Fair Value of Financial Instruments - Schedule of Significant Unobservable Inputs (Details)", "shortName": "Fair Value of Financial Instruments - Schedule of Significant Unobservable Inputs (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "58", "firstAnchor": { "contextRef": "c-336", "name": "incref:FairValueOptionFairValueCarryingAmountAssets", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-8", "ancestors": [ "span", "div", "us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-336", "name": "incref:FairValueOptionFairValueCarryingAmountAssets", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-8", "ancestors": [ "span", "div", "us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R59": { "role": "http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails", "longName": "9955545 - Disclosure - Accounts Payable, Accrued Expenses and Other Liabilities (Details)", "shortName": "Accounts Payable, Accrued Expenses and Other Liabilities (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "59", "firstAnchor": { "contextRef": "c-13", "name": "us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "ix:continuation", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-13", "name": "us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "ix:continuation", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R60": { "role": "http://invesco.com/role/RelatedPartyTransactionsScheduleofComponentsofDuetoAffiliatesDetails", "longName": "9955546 - Disclosure - Related Party Transactions - Schedule of Components of Due to Affiliates (Details)", "shortName": "Related Party Transactions - Schedule of Components of Due to Affiliates (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "60", "firstAnchor": { "contextRef": "c-13", "name": "us-gaap:OtherLiabilities", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-367", "name": "us-gaap:OtherLiabilities", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfRelatedPartyTransactionsTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R61": { "role": "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "longName": "9955547 - Disclosure - Related Party Transactions - Narrative (Details)", "shortName": "Related Party Transactions - Narrative (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "61", "firstAnchor": { "contextRef": "c-13", "name": "us-gaap:OtherLiabilities", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "incref:AdvisoryAgreementAutomaticRenewalsTermPerRenewal", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R62": { "role": "http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails", "longName": "9955548 - Disclosure - Related Party Transactions - Schedule of Stockholder Servicing Fees (Details)", "shortName": "Related Party Transactions - Schedule of Stockholder Servicing Fees (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "62", "firstAnchor": { "contextRef": "c-382", "name": "incref:RelatedPartyTransactionStockholderServiceFee", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-382", "name": "incref:RelatedPartyTransactionStockholderServiceFee", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R63": { "role": "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails", "longName": "9955549 - Disclosure - Related Party Transactions - Schedule of Upfront Selling Commissions and Stockholder Servicing Fee (Details)", "shortName": "Related Party Transactions - Schedule of Upfront Selling Commissions and Stockholder Servicing Fee (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "63", "firstAnchor": { "contextRef": "c-382", "name": "incref:RelatedPartyTransactionUpfrontSellingCommissionsAsPercentageOfTransactionPrice", "unitRef": "number", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "div", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-382", "name": "incref:RelatedPartyTransactionUpfrontSellingCommissionsAsPercentageOfTransactionPrice", "unitRef": "number", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "div", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R64": { "role": "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "longName": "9955550 - Disclosure - Related Party Transactions - Schedule of Shares Purchased By Affiliates (Details)", "shortName": "Related Party Transactions - Schedule of Shares Purchased By Affiliates (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "64", "firstAnchor": { "contextRef": "c-431", "name": "us-gaap:SaleOfStockConsiderationReceivedPerTransaction", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-415", "name": "us-gaap:SaleOfStockConsiderationReceivedPerTransaction", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R65": { "role": "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "longName": "9955551 - Disclosure - Redeemable Common Stock - Related Party - Narrative (Details)", "shortName": "Redeemable Common Stock - Related Party - Narrative (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "65", "firstAnchor": { "contextRef": "c-464", "name": "incref:SaleOfStockPurchaseCommitmentCapitalCallableMaximumAmount", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-5", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-464", "name": "incref:SaleOfStockPurchaseCommitmentCapitalCallableMaximumAmount", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-5", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R66": { "role": "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInRedeemableCommonStockDetails", "longName": "9955552 - Disclosure - Redeemable Common Stock - Related Party - Schedule of Changes In Redeemable Common Stock (Details)", "shortName": "Redeemable Common Stock - Related Party - Schedule of Changes In Redeemable Common Stock (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "66", "firstAnchor": { "contextRef": "c-14", "name": "us-gaap:TemporaryEquityCarryingAmountAttributableToParent", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-466", "name": "us-gaap:TemporaryEquityCarryingAmountAttributableToParent", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:ScheduleOfStockByClassTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R67": { "role": "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInOutstandingSharesOfRedeemableCommonStockDetails", "longName": "9955553 - Disclosure - Redeemable Common Stock - Related Party - Schedule of Changes In Outstanding Shares Of Redeemable Common Stock (Details)", "shortName": "Redeemable Common Stock - Related Party - Schedule of Changes In Outstanding Shares Of Redeemable Common Stock (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "67", "firstAnchor": { "contextRef": "c-14", "name": "us-gaap:TemporaryEquitySharesOutstanding", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:ScheduleOfStockByClassTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-14", "name": "us-gaap:TemporaryEquitySharesOutstanding", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:ScheduleOfStockByClassTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R68": { "role": "http://invesco.com/role/EquityNarrativeDetails", "longName": "9955554 - Disclosure - Equity - Narrative (Details)", "shortName": "Equity - Narrative (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "68", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:RedeemablePreferredStockDividends", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:Dividends", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-5", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R69": { "role": "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails", "longName": "9955555 - Disclosure - Equity - Schedule of Changes in Shares of Common Stock (Details)", "shortName": "Equity - Schedule of Changes in Shares of Common Stock (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "69", "firstAnchor": { "contextRef": "c-93", "name": "us-gaap:CommonStockSharesOutstanding", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfCommonStockOutstandingRollForwardTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-93", "name": "us-gaap:CommonStockSharesOutstanding", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfCommonStockOutstandingRollForwardTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R70": { "role": "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails", "longName": "9955556 - Disclosure - Equity - Schedule of Distributions Declared Per Share (Details)", "shortName": "Equity - Schedule of Distributions Declared Per Share (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "70", "firstAnchor": { "contextRef": "c-510", "name": "us-gaap:CommonStockDividendsPerShareDeclared", "unitRef": "usdPerShare", "xsiNil": "false", "lang": "en-US", "decimals": "4", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:DividendsDeclaredTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-510", "name": "us-gaap:CommonStockDividendsPerShareDeclared", "unitRef": "usdPerShare", "xsiNil": "false", "lang": "en-US", "decimals": "4", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:DividendsDeclaredTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true, "unique": true } }, "R71": { "role": "http://invesco.com/role/EarningsperCommonShareDetails", "longName": "9955557 - Disclosure - Earnings per Common Share (Details)", "shortName": "Earnings per Common Share (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "71", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R72": { "role": "http://invesco.com/role/CommitmentsandContingenciesDetails", "longName": "9955558 - Disclosure - Commitments and Contingencies (Details)", "shortName": "Commitments and Contingencies (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "72", "firstAnchor": { "contextRef": "c-13", "name": "incref:FairValueOptionFairValueCarryingAmountLiabilities", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-530", "name": "incref:FairValueOptionFairValueCarryingAmountLiabilities", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-5", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R73": { "role": "http://invesco.com/role/SegmentReportingDetails", "longName": "9955559 - Disclosure - Segment Reporting (Details)", "shortName": "Segment Reporting (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "73", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:NumberOfOperatingSegments", "unitRef": "segment", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": null }, "R74": { "role": "http://invesco.com/role/SubsequentEventsNarrativeDetails", "longName": "9955560 - Disclosure - Subsequent Events - Narrative (Details)", "shortName": "Subsequent Events - Narrative (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "74", "firstAnchor": { "contextRef": "c-13", "name": "us-gaap:TemporaryEquityCarryingAmountAttributableToParent", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:ScheduleOfStockByClassTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-542", "name": "incref:CommittedCapitalCancellation", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-5", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R75": { "role": "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "longName": "9955561 - Disclosure - Subsequent Events - Schedule of Issuances (Details)", "shortName": "Subsequent Events - Schedule of Issuances (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "75", "firstAnchor": { "contextRef": "c-431", "name": "us-gaap:SaleOfStockConsiderationReceivedPerTransaction", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-564", "name": "us-gaap:SaleOfStockNumberOfSharesIssuedInTransaction", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfStockholdersEquityTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } }, "R76": { "role": "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails", "longName": "9955562 - Disclosure - Subsequent Events - Schedule of Redemptions (Details)", "shortName": "Subsequent Events - Schedule of Redemptions (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "76", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:StockRepurchasedAndRetiredDuringPeriodShares", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-564", "name": "us-gaap:StockRepurchasedAndRetiredDuringPeriodShares", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "incref-20260331.htm", "unique": true } } }, "tag": { "incref_A2023EquityIncentivePlanMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "A2023EquityIncentivePlanMember", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "2023 Equity Incentive Plan", "label": "2023 Equity Incentive Plan [Member]", "documentation": "2023 Equity Incentive Plan" } } }, "auth_ref": [] }, "us-gaap_AccountingPoliciesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AccountingPoliciesAbstract", "lang": { "en-us": { "role": { "label": "Accounting Policies [Abstract]" } } }, "auth_ref": [] }, "incref_AccountsPayableAccruedLiabilitiesAndOtherLiabilities": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "AccountsPayableAccruedLiabilitiesAndOtherLiabilities", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 8.0 }, "http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Accounts payable, accrued expenses and other liabilities", "totalLabel": "Total", "label": "Accounts Payable, Accrued Liabilities, and Other Liabilities", "documentation": "Accounts Payable, Accrued Liabilities, and Other Liabilities" } } }, "auth_ref": [] }, "us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent", "crdr": "credit", "calculation": { "http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails": { "parentTag": "incref_AccountsPayableAccruedLiabilitiesAndOtherLiabilities", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Accounts payable and accrued expenses", "label": "Accounts Payable and Accrued Liabilities", "documentation": "Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations." } } }, "auth_ref": [ "r92", "r93" ] }, "us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock", "presentation": [ "http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilities" ], "lang": { "en-us": { "role": { "terseLabel": "Accounts Payable, Accrued Expenses and Other Liabilities", "label": "Accounts Payable and Accrued Liabilities Disclosure [Text Block]", "documentation": "The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period." } } }, "auth_ref": [ "r52", "r55", "r59", "r1162" ] }, "incref_AccruedCommonStockRepurchases": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "AccruedCommonStockRepurchases", "crdr": "credit", "calculation": { "http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails": { "parentTag": "incref_AccountsPayableAccruedLiabilitiesAndOtherLiabilities", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails", "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Accrued common stock repurchases", "label": "Accrued Common Stock Repurchases", "documentation": "Accrued Common Stock Repurchases" } } }, "auth_ref": [] }, "us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AccumulatedOtherComprehensiveIncomeLossNetOfTax", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Accumulated other comprehensive income", "label": "Accumulated Other Comprehensive Income (Loss), Net of Tax", "documentation": "Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source." } } }, "auth_ref": [ "r16", "r17", "r70", "r119", "r674", "r693", "r694", "r1175" ] }, "us-gaap_AccumulatedOtherComprehensiveIncomeMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AccumulatedOtherComprehensiveIncomeMember", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Accumulated Other Comprehensive Income (Loss)", "label": "AOCI Attributable to Parent [Member]", "documentation": "Accumulated increase (decrease) in equity from transactions and other events and circumstances from non-owner sources, attributable to the parent. Excludes net income (loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners." } } }, "auth_ref": [ "r1", "r12", "r17", "r484", "r487", "r553", "r689", "r690", "r1073", "r1074", "r1075", "r1092", "r1093", "r1094", "r1095" ] }, "ecd_Additional402vDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "Additional402vDisclosureTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Additional 402(v) Disclosure", "label": "Additional 402(v) Disclosure [Text Block]" } } }, "auth_ref": [ "r999" ] }, "us-gaap_AdditionalPaidInCapital": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AdditionalPaidInCapital", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Additional paid-in capital", "label": "Additional Paid in Capital", "documentation": "Amount of excess of issue price over par or stated value of stock and from other transaction involving stock or stockholder. Includes, but is not limited to, additional paid-in capital (APIC) for common and preferred stock." } } }, "auth_ref": [ "r65", "r937", "r1262" ] }, "us-gaap_AdditionalPaidInCapitalMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AdditionalPaidInCapitalMember", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Additional Paid-in Capital", "label": "Additional Paid-in Capital [Member]", "documentation": "Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders." } } }, "auth_ref": [ "r710", "r1092", "r1093", "r1094", "r1095", "r1176", "r1270" ] }, "ecd_AdjToCompAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AdjToCompAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Adjustment to Compensation, Amount", "label": "Adjustment to Compensation Amount" } } }, "auth_ref": [ "r1012" ] }, "ecd_AdjToCompAxis": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AdjToCompAxis", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Adjustment to Compensation:", "label": "Adjustment to Compensation [Axis]" } } }, "auth_ref": [ "r1012" ] }, "ecd_AdjToNonPeoNeoCompFnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AdjToNonPeoNeoCompFnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Adjustment to Non-PEO NEO Compensation Footnote", "label": "Adjustment to Non-PEO NEO Compensation Footnote [Text Block]" } } }, "auth_ref": [ "r1012" ] }, "ecd_AdjToPeoCompFnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AdjToPeoCompFnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Adjustment To PEO Compensation, Footnote", "label": "Adjustment To PEO Compensation, Footnote [Text Block]" } } }, "auth_ref": [ "r1012" ] }, "incref_AdjustmentToCarryingValueOfRedeemableCommonStock": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "AdjustmentToCarryingValueOfRedeemableCommonStock", "crdr": "debit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Adjustment to carrying value of redeemable common stock", "label": "Adjustment To Carrying Value Of Redeemable Common Stock", "documentation": "Adjustment To Carrying Value Of Redeemable Common Stock" } } }, "auth_ref": [] }, "incref_AdjustmentsToAdditionalPaidInCapitalIncreaseDecreaseInCarryingValueOfRedeemableCommonStock": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "AdjustmentsToAdditionalPaidInCapitalIncreaseDecreaseInCarryingValueOfRedeemableCommonStock", "crdr": "credit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Adjustment to the carrying value of redeemable common stock", "label": "Adjustments To Additional Paid In Capital, Increase (Decrease) In Carrying Value Of Redeemable Common Stock", "documentation": "Adjustments To Additional Paid In Capital, Increase (Decrease) In Carrying Value Of Redeemable Common Stock" } } }, "auth_ref": [] }, "us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue", "crdr": "credit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Amortization of equity based compensation", "label": "APIC, Share-Based Payment Arrangement, Increase for Cost Recognition", "documentation": "Amount of increase to additional paid-in capital (APIC) for recognition of cost for award under share-based payment arrangement." } } }, "auth_ref": [ "r356" ] }, "us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Adjustments to reconcile net income (loss) to net cash provided by operating activities:", "label": "Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]" } } }, "auth_ref": [] }, "us-gaap_AdministrativeFeesExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AdministrativeFeesExpense", "crdr": "debit", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Support personnel costs", "label": "Administrative Fees Expense", "documentation": "Amount of expense for administrative fee from service provided, including, but not limited to, salary, rent, or overhead cost." } } }, "auth_ref": [ "r9", "r1264", "r1267" ] }, "incref_AdvancedOrganizationalOfferingAndOperatingExpensesMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "AdvancedOrganizationalOfferingAndOperatingExpensesMember", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofComponentsofDuetoAffiliatesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Advanced organizational, offering and operating expenses", "label": "Advanced Organizational, Offering And Operating Expenses [Member]", "documentation": "Advanced Organizational, Offering And Operating Expenses" } } }, "auth_ref": [] }, "incref_AdviserCommitmentFeePayableMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "AdviserCommitmentFeePayableMember", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsScheduleofComponentsofDuetoAffiliatesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Adviser commitment fee payable", "label": "Adviser Commitment Fee Payable [Member]", "documentation": "Adviser Commitment Fee Payable" } } }, "auth_ref": [] }, "incref_AdviserMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "AdviserMember", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Adviser", "label": "Adviser [Member]", "documentation": "Adviser" } } }, "auth_ref": [] }, "incref_AdvisoryAgreementAutomaticRenewalsTermPerRenewal": { "xbrltype": "durationItemType", "nsuri": "http://invesco.com/20260331", "localname": "AdvisoryAgreementAutomaticRenewalsTermPerRenewal", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Advisory agreement, automatic renewals, term per renewal (in years)", "label": "Advisory Agreement, Automatic Renewals, Term Per Renewal", "documentation": "Advisory Agreement, Automatic Renewals, Term Per Renewal" } } }, "auth_ref": [] }, "incref_AdvisoryAgreementTerminationFeeAverageAnnualManagementFeeMultiplier": { "xbrltype": "decimalItemType", "nsuri": "http://invesco.com/20260331", "localname": "AdvisoryAgreementTerminationFeeAverageAnnualManagementFeeMultiplier", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Termination fee, average annual management fee, multiplier", "label": "Advisory Agreement, Termination Fee, Average Annual Management Fee, Multiplier", "documentation": "Advisory Agreement, Termination Fee, Average Annual Management Fee, Multiplier" } } }, "auth_ref": [] }, "incref_AdvisoryAgreementTerminationFeeTermBeforeTermination": { "xbrltype": "durationItemType", "nsuri": "http://invesco.com/20260331", "localname": "AdvisoryAgreementTerminationFeeTermBeforeTermination", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Termination fee, term before termination (in months)", "label": "Advisory Agreement, Termination Fee, Term Before Termination", "documentation": "Advisory Agreement, Termination Fee, Term Before Termination" } } }, "auth_ref": [] }, "srt_AffiliatedEntityMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "AffiliatedEntityMember", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofComponentsofDuetoAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Affiliated Entity", "label": "Affiliated Entity [Member]" } } }, "auth_ref": [ "r850", "r955", "r1135", "r1210", "r1211", "r1212", "r1264" ] }, "ecd_AggtChngPnsnValInSummryCompstnTblForAplblYrMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AggtChngPnsnValInSummryCompstnTblForAplblYrMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table", "label": "Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table [Member]" } } }, "auth_ref": [ "r1045" ] }, "ecd_AggtErrCompAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AggtErrCompAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Aggregate Erroneous Compensation Amount", "label": "Aggregate Erroneous Compensation Amount" } } }, "auth_ref": [ "r971", "r981", "r991", "r1023" ] }, "ecd_AggtErrCompNotYetDeterminedTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AggtErrCompNotYetDeterminedTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Aggregate Erroneous Compensation Not Yet Determined", "label": "Aggregate Erroneous Compensation Not Yet Determined [Text Block]" } } }, "auth_ref": [ "r974", "r984", "r994", "r1026" ] }, "ecd_AggtPnsnAdjsSvcCstMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AggtPnsnAdjsSvcCstMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Aggregate Pension Adjustments Service Cost", "label": "Aggregate Pension Adjustments Service Cost [Member]" } } }, "auth_ref": [ "r1046" ] }, "ecd_AllAdjToCompMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AllAdjToCompMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "All Adjustments to Compensation", "label": "All Adjustments to Compensation [Member]" } } }, "auth_ref": [ "r1012" ] }, "currency_AllCurrenciesDomain": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/currency/2025", "localname": "AllCurrenciesDomain", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "All Currencies [Domain]", "label": "All Currencies [Domain]" } } }, "auth_ref": [] }, "ecd_AllExecutiveCategoriesMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AllExecutiveCategoriesMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "All Executive Categories", "label": "All Executive Categories [Member]" } } }, "auth_ref": [ "r1019" ] }, "ecd_AllIndividualsMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AllIndividualsMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure", "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure", "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements", "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "All Individuals", "label": "All Individuals [Member]" } } }, "auth_ref": [ "r975", "r985", "r995", "r1019", "r1027", "r1031", "r1039" ] }, "ecd_AllTradingArrangementsMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AllTradingArrangementsMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "All Trading Arrangements", "label": "All Trading Arrangements [Member]" } } }, "auth_ref": [ "r1037" ] }, "us-gaap_AllocatedShareBasedCompensationExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AllocatedShareBasedCompensationExpense", "crdr": "debit", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Share-based compensation expense", "label": "Share-Based Payment Arrangement, Expense", "documentation": "Amount of expense for award under share-based payment arrangement. Excludes amount capitalized." } } }, "auth_ref": [ "r385", "r388", "r390" ] }, "dei_AmendmentFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "AmendmentFlag", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Amendment Flag", "label": "Amendment Flag", "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission." } } }, "auth_ref": [] }, "incref_AmortizationOfDebtIssuanceCostsAndOtherFinancingCosts": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "AmortizationOfDebtIssuanceCostsAndOtherFinancingCosts", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_NoninterestExpense", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Debt issuance and other financing costs related to borrowings, at fair value", "label": "Amortization of Debt Issuance Costs And Other Financing Costs", "documentation": "Amortization of Debt Issuance Costs And Other Financing Costs" } } }, "auth_ref": [] }, "incref_AmortizationOfEquityBasedCompensationAndOther": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "AmortizationOfEquityBasedCompensationAndOther", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 7.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Amortization of equity based compensation and other", "label": "Amortization Of Equity Based Compensation And Other", "documentation": "Amortization Of Equity Based Compensation And Other" } } }, "auth_ref": [] }, "us-gaap_AmortizationOfFinancingCosts": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AmortizationOfFinancingCosts", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 6.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "verboseLabel": "Debt issuance costs", "label": "Amortization of Debt Issuance Costs", "documentation": "Amount of amortization expense attributable to debt issuance costs." } } }, "auth_ref": [ "r72", "r307", "r1078", "r1208" ] }, "us-gaap_AssetPledgedAsCollateralMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AssetPledgedAsCollateralMember", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsNarrativeDetails", "http://invesco.com/role/CollateralizedLoanObligationsScheduleofCollateralizedLoanObligationsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Asset Pledged as Collateral", "label": "Asset Pledged as Collateral [Member]", "documentation": "Asset pledged as collateral." } } }, "auth_ref": [ "r412", "r737", "r905", "r1081", "r1083", "r1221" ] }, "us-gaap_Assets": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "Assets", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical" ], "lang": { "en-us": { "role": { "totalLabel": "Total assets", "label": "Assets", "documentation": "Amount of asset recognized for present right to economic benefit." } } }, "auth_ref": [ "r90", "r101", "r115", "r144", "r148", "r149", "r188", "r202", "r209", "r212", "r251", "r276", "r277", "r278", "r279", "r280", "r281", "r282", "r283", "r284", "r412", "r417", "r531", "r658", "r659", "r668", "r758", "r877", "r878", "r891", "r937", "r949", "r950", "r964", "r1121", "r1122", "r1213" ] }, "us-gaap_AssetsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AssetsAbstract", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails" ], "lang": { "en-us": { "role": { "terseLabel": "ASSETS", "verboseLabel": "Assets:", "label": "Assets [Abstract]" } } }, "auth_ref": [] }, "us-gaap_AssetsAndAssociatedLiabilitiesOfTransfersAccountedForAsSecuredBorrowingsLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AssetsAndAssociatedLiabilitiesOfTransfersAccountedForAsSecuredBorrowingsLineItems", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsNarrativeDetails", "http://invesco.com/role/CollateralizedLoanObligationsScheduleofCollateralizedLoanObligationsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]", "label": "Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [] }, "us-gaap_AssetsFairValueDisclosure": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AssetsFairValueDisclosure", "crdr": "debit", "calculation": { "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails" ], "lang": { "en-us": { "role": { "totalLabel": "Total assets", "label": "Assets, Fair Value Disclosure", "documentation": "Fair value portion of asset recognized for present right to economic benefit." } } }, "auth_ref": [ "r499", "r500", "r920" ] }, "ecd_AwardExrcPrice": { "xbrltype": "perShareItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardExrcPrice", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Exercise Price", "label": "Award Exercise Price" } } }, "auth_ref": [ "r1034" ] }, "ecd_AwardGrantDateFairValue": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardGrantDateFairValue", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value as of Grant Date", "label": "Award Grant Date Fair Value" } } }, "auth_ref": [ "r1035" ] }, "ecd_AwardTmgDiscLineItems": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardTmgDiscLineItems", "lang": { "en-us": { "role": { "label": "Award Timing Disclosures [Line Items]" } } }, "auth_ref": [ "r1030" ] }, "ecd_AwardTmgHowMnpiCnsdrdTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardTmgHowMnpiCnsdrdTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Award Timing, How MNPI Considered", "label": "Award Timing, How MNPI Considered [Text Block]" } } }, "auth_ref": [ "r1030" ] }, "ecd_AwardTmgMethodTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardTmgMethodTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Award Timing Method", "label": "Award Timing Method [Text Block]" } } }, "auth_ref": [ "r1030" ] }, "ecd_AwardTmgMnpiCnsdrdFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardTmgMnpiCnsdrdFlag", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Award Timing MNPI Considered", "label": "Award Timing MNPI Considered [Flag]" } } }, "auth_ref": [ "r1030" ] }, "ecd_AwardTmgMnpiDiscTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardTmgMnpiDiscTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Award Timing MNPI Disclosure", "label": "Award Timing MNPI Disclosure [Text Block]" } } }, "auth_ref": [ "r1030" ] }, "ecd_AwardTmgPredtrmndFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardTmgPredtrmndFlag", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Award Timing Predetermined", "label": "Award Timing Predetermined [Flag]" } } }, "auth_ref": [ "r1030" ] }, "us-gaap_AwardTypeAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AwardTypeAxis", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails", "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Award Type", "label": "Award Type [Axis]", "documentation": "Information by type of award under share-based payment arrangement." } } }, "auth_ref": [ "r358", "r359", "r360", "r361", "r362", "r363", "r364", "r365", "r366", "r367", "r368", "r369", "r370", "r371", "r372", "r373", "r374", "r375", "r376", "r377", "r378", "r380", "r381", "r382", "r383", "r384" ] }, "ecd_AwardUndrlygSecuritiesAmt": { "xbrltype": "decimalItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardUndrlygSecuritiesAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Underlying Securities", "label": "Award Underlying Securities Amount" } } }, "auth_ref": [ "r1033" ] }, "ecd_AwardsCloseToMnpiDiscIndName": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardsCloseToMnpiDiscIndName", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Name", "label": "Awards Close in Time to MNPI Disclosures, Individual Name" } } }, "auth_ref": [ "r1032" ] }, "ecd_AwardsCloseToMnpiDiscTable": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardsCloseToMnpiDiscTable", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Awards Close in Time to MNPI Disclosures", "label": "Awards Close in Time to MNPI Disclosures [Table]" } } }, "auth_ref": [ "r1031" ] }, "ecd_AwardsCloseToMnpiDiscTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardsCloseToMnpiDiscTableTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Awards Close in Time to MNPI Disclosures, Table", "label": "Awards Close in Time to MNPI Disclosures [Table Text Block]" } } }, "auth_ref": [ "r1031" ] }, "incref_BankOfMontrealMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "BankOfMontrealMember", "presentation": [ "http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Bank of Montreal", "label": "Bank of Montreal [Member]", "documentation": "Bank of Montreal" } } }, "auth_ref": [] }, "incref_BarclaysMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "BarclaysMember", "presentation": [ "http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Barclays", "label": "Barclays [Member]", "documentation": "Barclays" } } }, "auth_ref": [] }, "us-gaap_BasisOfAccountingPolicyPolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "BasisOfAccountingPolicyPolicyTextBlock", "presentation": [ "http://invesco.com/role/SummaryofSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "terseLabel": "Basis of Presentation", "label": "Basis of Accounting, Policy [Policy Text Block]", "documentation": "Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS)." } } }, "auth_ref": [ "r1080" ] }, "incref_BoardOfDirectorsMembersMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "BoardOfDirectorsMembersMember", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Members of our board of directors", "label": "Board Of Directors Members [Member]", "documentation": "Board Of Directors Members" } } }, "auth_ref": [] }, "us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "BusinessDescriptionAndBasisOfPresentationTextBlock", "presentation": [ "http://invesco.com/role/OrganizationandBusinessPurpose" ], "lang": { "en-us": { "role": { "terseLabel": "Organization and Business Purpose", "label": "Business Description and Basis of Presentation [Text Block]", "documentation": "The entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS)." } } }, "auth_ref": [ "r1059", "r1080" ] }, "us-gaap_CashAndCashEquivalentsAtCarryingValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CashAndCashEquivalentsAtCarryingValue", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_Assets", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Cash and cash equivalents", "label": "Cash and Cash Equivalent", "documentation": "Amount of cash and cash equivalent. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate." } } }, "auth_ref": [ "r22", "r113", "r860" ] }, "us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy", "presentation": [ "http://invesco.com/role/SummaryofSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "terseLabel": "Restricted Cash", "label": "Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]", "documentation": "Entity's cash and cash equivalents accounting policy with respect to restricted balances. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits." } } }, "auth_ref": [ "r23", "r88" ] }, "us-gaap_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy", "presentation": [ "http://invesco.com/role/SummaryofSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "terseLabel": "Cash and Cash Equivalents", "label": "Cash and Cash Equivalents, Unrestricted Cash and Cash Equivalents, Policy [Policy Text Block]", "documentation": "Disclosure of accounting policy for cash and cash equivalents with respect to unrestricted balances." } } }, "auth_ref": [ "r23" ] }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents", "crdr": "debit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "periodStartLabel": "Cash, cash equivalents and restricted cash, beginning of period", "periodEndLabel": "Cash, cash equivalents and restricted cash, end of period", "label": "Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation", "documentation": "Amount of cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; attributable to continuing operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate." } } }, "auth_ref": [ "r22", "r75", "r141" ] }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "totalLabel": "Net change in cash, cash equivalents and restricted cash", "label": "Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation", "documentation": "Amount of increase (decrease) in cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; including effect from exchange rate change and including, but not limited to, discontinued operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate." } } }, "auth_ref": [ "r0", "r75" ] }, "us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Non-cash investing and financing activities:", "label": "Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]" } } }, "auth_ref": [] }, "ecd_ChangedPeerGroupFnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ChangedPeerGroupFnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Changed Peer Group, Footnote", "label": "Changed Peer Group, Footnote [Text Block]" } } }, "auth_ref": [ "r1010" ] }, "ecd_ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year", "label": "Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]" } } }, "auth_ref": [ "r1007" ] }, "ecd_ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested", "label": "Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]" } } }, "auth_ref": [ "r1005" ] }, "incref_CitibankMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "CitibankMember", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Citibank", "label": "Citibank [Member]", "documentation": "Citibank" } } }, "auth_ref": [] }, "dei_CityAreaCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "CityAreaCode", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "City Area Code", "label": "City Area Code", "documentation": "Area code of city" } } }, "auth_ref": [] }, "incref_ClassDRedeemableCommonStockMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "ClassDRedeemableCommonStockMember", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInOutstandingSharesOfRedeemableCommonStockDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInRedeemableCommonStockDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class D Redeemable Common Stock", "label": "Class D Redeemable Common Stock [Member]", "documentation": "Class D Redeemable Common Stock" } } }, "auth_ref": [] }, "incref_ClassERedeemableCommonStockMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "ClassERedeemableCommonStockMember", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInOutstandingSharesOfRedeemableCommonStockDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInRedeemableCommonStockDetails", "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class E Redeemable Common Stock", "label": "Class E Redeemable Common Stock [Member]", "documentation": "Class E Redeemable Common Stock" } } }, "auth_ref": [] }, "incref_ClassIRedeemableCommonStockMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "ClassIRedeemableCommonStockMember", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInOutstandingSharesOfRedeemableCommonStockDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInRedeemableCommonStockDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class I Redeemable Common Stock", "label": "Class I Redeemable Common Stock [Member]", "documentation": "Class I Redeemable Common Stock" } } }, "auth_ref": [] }, "us-gaap_ClassOfStockDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ClassOfStockDomain", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/Cover", "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails", "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInOutstandingSharesOfRedeemableCommonStockDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInRedeemableCommonStockDetails", "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class of Stock [Domain]", "label": "Class of Stock [Domain]", "documentation": "Share of stock differentiated by the voting rights the holder receives. Examples include, but are not limited to, common stock, redeemable preferred stock, nonredeemable preferred stock, and convertible stock." } } }, "auth_ref": [ "r107", "r116", "r117", "r118", "r144", "r149", "r175", "r179", "r181", "r183", "r190", "r191", "r251", "r276", "r278", "r279", "r280", "r283", "r284", "r315", "r316", "r318", "r319", "r321", "r324", "r327", "r328", "r331", "r334", "r341", "r531", "r700", "r701", "r702", "r703", "r710", "r712", "r713", "r714", "r715", "r716", "r717", "r718", "r719", "r720", "r721", "r722", "r746", "r767", "r791", "r832", "r833", "r834", "r835", "r836", "r1050", "r1084", "r1086", "r1096" ] }, "us-gaap_ClassOfStockLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ClassOfStockLineItems", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails", "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class of Stock [Line Items]", "label": "Class of Stock [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r116", "r117", "r118", "r190", "r318", "r327", "r328", "r329", "r331", "r334", "r339", "r341", "r480", "r700", "r701", "r702", "r703", "r892", "r1050", "r1081", "r1084" ] }, "incref_ClassSRedeemableCommonStockMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "ClassSRedeemableCommonStockMember", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInOutstandingSharesOfRedeemableCommonStockDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInRedeemableCommonStockDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class S Redeemable Common Stock", "label": "Class S Redeemable Common Stock [Member]", "documentation": "Class S Redeemable Common Stock" } } }, "auth_ref": [] }, "ecd_CoSelectedMeasureAmt": { "xbrltype": "decimalItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "CoSelectedMeasureAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Company Selected Measure Amount", "label": "Company Selected Measure Amount" } } }, "auth_ref": [ "r1011" ] }, "ecd_CoSelectedMeasureName": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "CoSelectedMeasureName", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Company Selected Measure Name", "label": "Company Selected Measure Name" } } }, "auth_ref": [ "r1011" ] }, "us-gaap_CollateralizedLoanObligationsMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CollateralizedLoanObligationsMember", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsNarrativeDetails", "http://invesco.com/role/CollateralizedLoanObligationsScheduleofCollateralizedLoanObligationsDetails", "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Collateralized loan obligations", "label": "Collateralized Loan Obligations [Member]", "documentation": "Securities collateralized by a pool of loans." } } }, "auth_ref": [] }, "incref_CommercialRealEstateLoanInvestmentsBenchmarkMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommercialRealEstateLoanInvestmentsBenchmarkMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Commercial Real Estate Loan Investments Benchmark", "label": "Commercial Real Estate Loan Investments Benchmark [Member]", "documentation": "Commercial Real Estate Loan Investments Benchmark" } } }, "auth_ref": [] }, "incref_CommercialRealEstateLoanInvestmentsMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommercialRealEstateLoanInvestmentsMember", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsNarrativeDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofInvestmentsinCommercialRealEstateLoansDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Commercial real estate loan investments", "label": "Commercial Real Estate Loan Investments [Member]", "documentation": "Commercial Real Estate Loan Investments" } } }, "auth_ref": [] }, "incref_CommitmentFeeBaseRate": { "xbrltype": "pureItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommitmentFeeBaseRate", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Adviser commitment fee, base rate (in percent)", "label": "Commitment Fee, Base Rate", "documentation": "Commitment Fee, Base Rate" } } }, "auth_ref": [] }, "incref_CommitmentFeeBaseRatePercentageOfLoanAmountThreshold": { "xbrltype": "pureItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommitmentFeeBaseRatePercentageOfLoanAmountThreshold", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Adviser commitment fee, base rate, loan origination (in percent)", "label": "Commitment Fee, Base Rate, Percentage Of Loan Amount, Threshold", "documentation": "Commitment Fee, Base Rate, Percentage Of Loan Amount, Threshold" } } }, "auth_ref": [] }, "incref_CommitmentFeeExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommitmentFeeExpense", "crdr": "debit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnauditedParenthetical" ], "lang": { "en-us": { "role": { "terseLabel": "Commitment and other fee expense", "label": "Commitment Fee Expense", "documentation": "Commitment Fee Expense" } } }, "auth_ref": [] }, "incref_CommitmentFeeIncomeNet": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommitmentFeeIncomeNet", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_NoninterestIncome", "weight": 1.0, "order": 5.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Commitment fee income, net of related party expense of $1,463 and $2,119 for the three months ended March 31, 2026 and 2025, respectively", "label": "Commitment Fee Income, Net", "documentation": "Commitment Fee Income, Net" } } }, "auth_ref": [] }, "us-gaap_CommitmentsAndContingencies": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommitmentsAndContingencies", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Commitments and contingencies (See Note 14)", "label": "Commitments and Contingencies", "documentation": "Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur." } } }, "auth_ref": [ "r60", "r96", "r671", "r745" ] }, "us-gaap_CommitmentsAndContingenciesDisclosureAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommitmentsAndContingenciesDisclosureAbstract", "lang": { "en-us": { "role": { "label": "Commitments and Contingencies Disclosure [Abstract]" } } }, "auth_ref": [] }, "us-gaap_CommitmentsAndContingenciesDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommitmentsAndContingenciesDisclosureTextBlock", "presentation": [ "http://invesco.com/role/CommitmentsandContingencies" ], "lang": { "en-us": { "role": { "terseLabel": "Commitments and Contingencies", "label": "Commitments and Contingencies Disclosure [Text Block]", "documentation": "The entire disclosure for commitments and contingencies." } } }, "auth_ref": [ "r79", "r268", "r269", "r845", "r1112", "r1117" ] }, "incref_CommittedCapitalCancellation": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommittedCapitalCancellation", "crdr": "debit", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Cancellation of committed capital", "label": "Committed Capital, Cancellation", "documentation": "Committed Capital, Cancellation" } } }, "auth_ref": [] }, "incref_CommonClassD1Member": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommonClassD1Member", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/Cover", "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails", "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class D-1 Common Stock", "label": "Common Class D-1 [Member]", "documentation": "Common Class D-1" } } }, "auth_ref": [] }, "incref_CommonClassDMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommonClassDMember", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/Cover", "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails", "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class D Common Stock", "label": "Common Class D [Member]", "documentation": "Common Class D" } } }, "auth_ref": [] }, "incref_CommonClassEMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommonClassEMember", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/Cover", "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails", "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class E Common Stock", "label": "Common Class E [Member]", "documentation": "Common Class E" } } }, "auth_ref": [] }, "incref_CommonClassFMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommonClassFMember", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/Cover", "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails", "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails", "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class F Common Stock", "label": "Common Class F [Member]", "documentation": "Common Class F" } } }, "auth_ref": [] }, "incref_CommonClassIMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommonClassIMember", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/Cover", "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails", "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class I Common Stock", "label": "Common Class I [Member]", "documentation": "Common Class I" } } }, "auth_ref": [] }, "incref_CommonClassS1Member": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommonClassS1Member", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/Cover", "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails", "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class S-1 Common Stock", "label": "Common Class S-1 [Member]", "documentation": "Common Class S-1" } } }, "auth_ref": [] }, "incref_CommonClassSAndClassDMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommonClassSAndClassDMember", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Common Class S And Class D", "label": "Common Class S And Class D [Member]", "documentation": "Common Class S And Class D" } } }, "auth_ref": [] }, "incref_CommonClassSMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommonClassSMember", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/Cover", "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails", "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class S Common Stock", "label": "Common Class S [Member]", "documentation": "Common Class S" } } }, "auth_ref": [] }, "incref_CommonStockDistributionReinvestment": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommonStockDistributionReinvestment", "crdr": "debit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Common stock distribution reinvestment", "label": "Common Stock Distribution Reinvestment", "documentation": "Common Stock Distribution Reinvestment" } } }, "auth_ref": [] }, "us-gaap_CommonStockDividendsPerShareDeclared": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommonStockDividendsPerShareDeclared", "calculation": { "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails": { "parentTag": "incref_CommonStockDividendsPerShareDeclaredNet", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Aggregate distribution declared per share (in dollars per share)", "label": "Common Stock, Dividends, Per Share, Declared", "documentation": "Aggregate dividends declared during the period for each share of common stock outstanding." } } }, "auth_ref": [ "r84" ] }, "incref_CommonStockDividendsPerShareDeclaredNet": { "xbrltype": "perShareItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommonStockDividendsPerShareDeclaredNet", "calculation": { "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails" ], "lang": { "en-us": { "role": { "totalLabel": "Net distribution declared per share (in dollars per share)", "label": "Common Stock, Dividends, Per Share, Declared, Net", "documentation": "Common Stock, Dividends, Per Share, Declared, Net" } } }, "auth_ref": [] }, "incref_CommonStockDividendsPerShareServicingFee": { "xbrltype": "perShareItemType", "nsuri": "http://invesco.com/20260331", "localname": "CommonStockDividendsPerShareServicingFee", "calculation": { "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails": { "parentTag": "incref_CommonStockDividendsPerShareDeclaredNet", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Stockholder servicing fee per share (in dollars per share)", "label": "Common Stock, Dividends, Per Share, Servicing Fee", "documentation": "Common Stock, Dividends, Per Share, Servicing Fee" } } }, "auth_ref": [] }, "us-gaap_CommonStockMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommonStockMember", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Common Stock", "label": "Common Stock [Member]", "documentation": "Stock that is subordinate to all other stock of the issuer." } } }, "auth_ref": [ "r951", "r952", "r953", "r956", "r957", "r958", "r959", "r1092", "r1093", "r1095", "r1176", "r1258", "r1270" ] }, "us-gaap_CommonStockParOrStatedValuePerShare": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommonStockParOrStatedValuePerShare", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical" ], "lang": { "en-us": { "role": { "terseLabel": "Common stock, par value (in dollars per share)", "label": "Common Stock, Par or Stated Value Per Share", "documentation": "Face amount or stated value per share of common stock." } } }, "auth_ref": [ "r64" ] }, "us-gaap_CommonStockSharesAuthorized": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommonStockSharesAuthorized", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical" ], "lang": { "en-us": { "role": { "terseLabel": "Common stock, authorized (in shares)", "label": "Common Stock, Shares Authorized", "documentation": "The maximum number of common shares permitted to be issued by an entity's charter and bylaws." } } }, "auth_ref": [ "r64", "r746" ] }, "us-gaap_CommonStockSharesIssued": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommonStockSharesIssued", "presentation": [ "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails" ], "lang": { "en-us": { "role": { "periodStartLabel": "Beginning balance (in shares)", "periodEndLabel": "Ending balance (in shares)", "label": "Common Stock, Shares, Issued", "documentation": "Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury." } } }, "auth_ref": [ "r64" ] }, "us-gaap_CommonStockSharesOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommonStockSharesOutstanding", "presentation": [ "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails" ], "lang": { "en-us": { "role": { "periodStartLabel": "Beginning balance (in shares)", "periodEndLabel": "Ending balance (in shares)", "label": "Common Stock, Shares, Outstanding", "documentation": "Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation." } } }, "auth_ref": [ "r13", "r64", "r746", "r764", "r1270", "r1271" ] }, "us-gaap_CommonStockValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommonStockValue", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Common stock", "label": "Common Stock, Value, Issued", "documentation": "Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity." } } }, "auth_ref": [ "r64", "r316", "r323", "r672", "r937" ] }, "ecd_CompActuallyPaidVsCoSelectedMeasureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "CompActuallyPaidVsCoSelectedMeasureTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Compensation Actually Paid vs. Company Selected Measure", "label": "Compensation Actually Paid vs. Company Selected Measure [Text Block]" } } }, "auth_ref": [ "r1016" ] }, "ecd_CompActuallyPaidVsNetIncomeTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "CompActuallyPaidVsNetIncomeTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Compensation Actually Paid vs. Net Income", "label": "Compensation Actually Paid vs. Net Income [Text Block]" } } }, "auth_ref": [ "r1015" ] }, "ecd_CompActuallyPaidVsOtherMeasureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "CompActuallyPaidVsOtherMeasureTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Compensation Actually Paid vs. Other Measure", "label": "Compensation Actually Paid vs. Other Measure [Text Block]" } } }, "auth_ref": [ "r1017" ] }, "ecd_CompActuallyPaidVsTotalShareholderRtnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "CompActuallyPaidVsTotalShareholderRtnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Compensation Actually Paid vs. Total Shareholder Return", "label": "Compensation Actually Paid vs. Total Shareholder Return [Text Block]" } } }, "auth_ref": [ "r1014" ] }, "incref_ComprehensiveIncomeLossNetOfTaxAttributableToCommonStockholders": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "ComprehensiveIncomeLossNetOfTaxAttributableToCommonStockholders", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "totalLabel": "Comprehensive income (loss) attributable to common stockholders", "label": "Comprehensive Income (Loss), Net Of Tax, Attributable To Common Stockholders", "documentation": "Comprehensive Income (Loss), Net Of Tax, Attributable To Common Stockholders" } } }, "auth_ref": [] }, "us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "incref_ComprehensiveIncomeLossNetOfTaxAttributableToCommonStockholders", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Net income (loss) attributable to non-controlling interest", "label": "Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest", "documentation": "Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners." } } }, "auth_ref": [ "r5", "r41", "r50", "r123", "r125", "r131", "r655", "r683", "r684" ] }, "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "incref_ComprehensiveIncomeLossNetOfTaxAttributableToCommonStockholders", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "totalLabel": "Comprehensive income (loss)", "label": "Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest", "documentation": "Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners." } } }, "auth_ref": [ "r50", "r85", "r123", "r125", "r130", "r654", "r683" ] }, "us-gaap_ConcentrationRiskBenchmarkDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ConcentrationRiskBenchmarkDomain", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Concentration Risk Benchmark [Domain]", "label": "Concentration Risk Benchmark [Domain]", "documentation": "The denominator in a calculation of a disclosed concentration risk percentage." } } }, "auth_ref": [ "r193", "r219", "r696", "r697", "r844", "r1099", "r1100", "r1101", "r1102", "r1103" ] }, "us-gaap_ConcentrationRiskByBenchmarkAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ConcentrationRiskByBenchmarkAxis", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Concentration Risk Benchmark [Axis]", "label": "Concentration Risk Benchmark [Axis]", "documentation": "Information by benchmark of concentration risk." } } }, "auth_ref": [ "r193", "r219", "r696", "r697", "r844", "r1099", "r1100", "r1101", "r1102", "r1103" ] }, "us-gaap_ConcentrationRiskByTypeAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ConcentrationRiskByTypeAxis", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Concentration Risk Type [Axis]", "label": "Concentration Risk Type [Axis]", "documentation": "Information by type of concentration risk, for example, but not limited to, asset, liability, net assets, geographic, customer, employees, supplier, lender." } } }, "auth_ref": [ "r193", "r219", "r696", "r697", "r844", "r1099", "r1100", "r1101", "r1102", "r1103" ] }, "us-gaap_ConcentrationRiskLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ConcentrationRiskLineItems", "presentation": [ "http://invesco.com/role/SummaryofSignificantAccountingPoliciesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Concentration Risk [Line Items]", "label": "Concentration Risk [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r193", "r194", "r844", "r871", "r1099", "r1100", "r1101", "r1102", "r1103" ] }, "us-gaap_ConcentrationRiskPercentage1": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ConcentrationRiskPercentage1", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Concentration risk (in percent)", "label": "Concentration Risk, Percentage", "documentation": "For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the \"benchmark\" (or denominator) in the equation, this concept represents the concentration percentage derived from the division." } } }, "auth_ref": [ "r193", "r219", "r1099", "r1100", "r1101", "r1102", "r1103" ] }, "us-gaap_ConcentrationRiskTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ConcentrationRiskTable", "presentation": [ "http://invesco.com/role/SummaryofSignificantAccountingPoliciesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Concentration Risk [Table]", "label": "Concentration Risk [Table]", "documentation": "Disclosure of information about concentration risk. Includes, but is not limited to, percentage of concentration risk and benchmark serving as denominator in calculation of percentage of concentration risk." } } }, "auth_ref": [ "r193", "r194", "r844", "r871", "r1099", "r1100", "r1101", "r1102", "r1103" ] }, "us-gaap_ConcentrationRiskTypeDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ConcentrationRiskTypeDomain", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Concentration Risk Type [Domain]", "label": "Concentration Risk Type [Domain]", "documentation": "For an entity that discloses a concentration risk as a percentage of some financial balance or benchmark, identifies the type (for example, asset, liability, net assets, geographic, customer, employees, supplier, lender) of the concentration." } } }, "auth_ref": [ "r193", "r219", "r696", "r697", "r844", "r1099", "r1100", "r1101", "r1102", "r1103" ] }, "srt_ConsolidatedEntitiesAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "ConsolidatedEntitiesAxis", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical" ], "lang": { "en-us": { "role": { "terseLabel": "Consolidated Entities [Axis]", "label": "Consolidated Entities [Axis]" } } }, "auth_ref": [ "r145", "r154", "r412", "r413", "r416", "r417", "r418", "r562", "r662", "r850", "r1120", "r1123", "r1124" ] }, "srt_ConsolidatedEntitiesDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "ConsolidatedEntitiesDomain", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical" ], "lang": { "en-us": { "role": { "terseLabel": "Consolidated Entities [Domain]", "label": "Consolidated Entities [Domain]" } } }, "auth_ref": [ "r145", "r154", "r412", "r413", "r416", "r417", "r418", "r562", "r662", "r850", "r1120", "r1123", "r1124" ] }, "us-gaap_ConsolidationPolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ConsolidationPolicyTextBlock", "presentation": [ "http://invesco.com/role/SummaryofSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "terseLabel": "Consolidation", "label": "Consolidation, Policy [Policy Text Block]", "documentation": "Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary." } } }, "auth_ref": [ "r42", "r869" ] }, "srt_CounterpartyNameAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "CounterpartyNameAxis", "presentation": [ "http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails", "http://invesco.com/role/SummaryofSignificantAccountingPoliciesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Counterparty Name [Axis]", "label": "Counterparty Name [Axis]" } } }, "auth_ref": [ "r144", "r152", "r153", "r289", "r329", "r560", "r594", "r666", "r862", "r864", "r865", "r1064", "r1065", "r1066", "r1067", "r1068", "r1069", "r1070", "r1071", "r1072", "r1171", "r1172", "r1173", "r1174" ] }, "dei_CoverAbstract": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "CoverAbstract", "lang": { "en-us": { "role": { "label": "Cover [Abstract]", "documentation": "Cover page." } } }, "auth_ref": [] }, "us-gaap_CreditFacilityAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CreditFacilityAxis", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Credit Facility [Axis]", "label": "Credit Facility [Axis]", "documentation": "Information by type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing." } } }, "auth_ref": [ "r275", "r1118" ] }, "us-gaap_CreditFacilityDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CreditFacilityDomain", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Credit Facility [Domain]", "label": "Credit Facility [Domain]", "documentation": "Type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing." } } }, "auth_ref": [ "r275", "r1118" ] }, "srt_CurrencyAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "CurrencyAxis", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Currency [Axis]", "label": "Currency [Axis]" } } }, "auth_ref": [ "r1205" ] }, "dei_CurrentFiscalYearEndDate": { "xbrltype": "gMonthDayItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "CurrentFiscalYearEndDate", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Current Fiscal Year End Date", "label": "Current Fiscal Year End Date", "documentation": "End date of current fiscal year in the format --MM-DD." } } }, "auth_ref": [] }, "incref_DealerManagerCertainParticipatingBrokerDealersMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "DealerManagerCertainParticipatingBrokerDealersMember", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Dealer Manager, Certain Participating Broker Dealers", "label": "Dealer Manager, Certain Participating Broker Dealers [Member]", "documentation": "Dealer Manager, Certain Participating Broker Dealers" } } }, "auth_ref": [] }, "incref_DealerManagerMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "DealerManagerMember", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Dealer Manager", "label": "Dealer Manager [Member]", "documentation": "Dealer Manager" } } }, "auth_ref": [] }, "us-gaap_DebtDisclosureAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtDisclosureAbstract", "lang": { "en-us": { "role": { "label": "Debt Disclosure [Abstract]" } } }, "auth_ref": [] }, "us-gaap_DebtDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtDisclosureTextBlock", "presentation": [ "http://invesco.com/role/Borrowings" ], "lang": { "en-us": { "role": { "terseLabel": "Borrowings", "label": "Debt Disclosure [Text Block]", "documentation": "The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants." } } }, "auth_ref": [ "r80", "r144", "r147", "r263", "r264", "r265", "r266", "r267", "r274", "r275", "r285", "r291", "r292", "r293", "r294", "r295", "r296", "r301", "r308", "r309", "r311", "r480", "r548" ] }, "us-gaap_DebtInstrumentAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentAxis", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Debt Instrument [Axis]", "label": "Debt Instrument [Axis]", "documentation": "Information by type of debt instrument, including, but not limited to, draws against credit facilities." } } }, "auth_ref": [ "r14", "r54", "r55", "r91", "r95", "r286", "r287", "r288", "r289", "r290", "r292", "r297", "r298", "r299", "r300", "r302", "r303", "r304", "r305", "r306", "r307", "r886", "r887", "r888", "r889", "r890", "r936", "r1081", "r1082", "r1085", "r1091", "r1113", "r1114", "r1115", "r1207", "r1209", "r1225" ] }, "us-gaap_DebtInstrumentBasisSpreadOnVariableRate1": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentBasisSpreadOnVariableRate1", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Debt instrument, basis spread on variable rate", "label": "Debt Instrument, Basis Spread on Variable Rate", "documentation": "Percentage points added to the reference rate to compute the variable rate on the debt instrument." } } }, "auth_ref": [] }, "us-gaap_DebtInstrumentFaceAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentFaceAmount", "crdr": "credit", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Face amount of notes", "label": "Debt Instrument, Face Amount", "documentation": "Face (par) amount of debt instrument at time of issuance." } } }, "auth_ref": [ "r286", "r548", "r549", "r887", "r888", "r936" ] }, "us-gaap_DebtInstrumentLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentLineItems", "presentation": [ "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Debt Instrument [Line Items]", "label": "Debt Instrument [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r286", "r287", "r288", "r289", "r290", "r292", "r297", "r298", "r299", "r300", "r302", "r303", "r304", "r305", "r306", "r307", "r310", "r480", "r662", "r886", "r887", "r888", "r889", "r890", "r936", "r1081", "r1082", "r1085", "r1091", "r1207", "r1209" ] }, "us-gaap_DebtInstrumentNameDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentNameDomain", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Debt Instrument, Name [Domain]", "label": "Debt Instrument, Name [Domain]", "documentation": "The name for the particular debt instrument or borrowing that distinguishes it from other debt instruments or borrowings, including draws against credit facilities." } } }, "auth_ref": [ "r14", "r286", "r287", "r288", "r289", "r290", "r292", "r297", "r298", "r299", "r300", "r302", "r303", "r304", "r305", "r306", "r307", "r886", "r887", "r888", "r889", "r890", "r936", "r1081", "r1082", "r1085", "r1091", "r1113", "r1114", "r1115", "r1207", "r1209", "r1225" ] }, "us-gaap_DebtInstrumentTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentTable", "presentation": [ "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Long-Term Debt Instruments [Table]", "label": "Schedule of Long-Term Debt Instruments [Table]", "documentation": "Disclosure of information about long-term debt instrument or arrangement." } } }, "auth_ref": [ "r14", "r32", "r36", "r51", "r82", "r83", "r286", "r287", "r288", "r289", "r290", "r292", "r297", "r298", "r299", "r300", "r302", "r303", "r304", "r305", "r306", "r307", "r310", "r480", "r662", "r886", "r887", "r888", "r889", "r890", "r936", "r1081", "r1082", "r1085", "r1091", "r1207", "r1209" ] }, "us-gaap_DebtInstrumentUnamortizedDiscount": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentUnamortizedDiscount", "crdr": "debit", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Discount", "label": "Debt Instrument, Unamortized Discount", "documentation": "Amount, after accumulated amortization, of debt discount." } } }, "auth_ref": [ "r1126", "r1206", "r1207", "r1209" ] }, "us-gaap_DebtWeightedAverageInterestRate": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtWeightedAverageInterestRate", "presentation": [ "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Weighted Average Interest rate (in percent)", "label": "Debt, Weighted Average Interest Rate", "documentation": "Weighted average interest rate of debt outstanding." } } }, "auth_ref": [] }, "us-gaap_DerivativeAssets": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeAssets", "crdr": "debit", "calculation": { "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails": { "parentTag": "us-gaap_AssetsFairValueDisclosure", "weight": 1.0, "order": 1.0 }, "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_Assets", "weight": 1.0, "order": 6.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofFairValueofourCurrencyForwardContractsDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Derivative assets, at fair value", "verboseLabel": "Derivative assets", "label": "Derivative Asset", "documentation": "Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset." } } }, "auth_ref": [ "r120", "r121", "r479", "r499", "r500", "r514", "r522", "r523", "r524", "r723", "r724", "r725", "r727", "r728", "r730", "r731", "r732", "r734", "r735", "r752", "r753", "r811", "r814", "r818", "r819", "r820", "r821", "r858", "r861", "r863", "r864", "r865", "r920", "r923", "r932", "r953", "r1180", "r1181", "r1182", "r1259" ] }, "us-gaap_DerivativeContractTypeDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeContractTypeDomain", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofEffectofCurrencyForwardContractsReportedinGainLossonDerivativeInstrumentsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofFairValueofourCurrencyForwardContractsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Derivative Contract [Domain]", "label": "Derivative Contract [Domain]", "documentation": "Financial instrument or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset." } } }, "auth_ref": [ "r134", "r430", "r432", "r433", "r436", "r437", "r438", "r439", "r441", "r442", "r443", "r444", "r445", "r446", "r447", "r448", "r449", "r450", "r451", "r452", "r453", "r454", "r455", "r456", "r457", "r732", "r735", "r751", "r752", "r753", "r754", "r755", "r756", "r757", "r759", "r760", "r761", "r762", "r778", "r779", "r780", "r781", "r784", "r785", "r786", "r787", "r811", "r812", "r818", "r820", "r861", "r862", "r865", "r915", "r916", "r951", "r953", "r1064", "r1065", "r1066", "r1067", "r1068", "r1069", "r1070", "r1071", "r1072", "r1171", "r1172", "r1173", "r1174", "r1183", "r1184", "r1185", "r1186", "r1187", "r1188", "r1190", "r1191" ] }, "us-gaap_DerivativeGainLossOnDerivativeNet": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeGainLossOnDerivativeNet", "crdr": "credit", "calculation": { "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofEffectofCurrencyForwardContractsReportedinGainLossonDerivativeInstrumentsDetails": { "parentTag": "us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofEffectofCurrencyForwardContractsReportedinGainLossonDerivativeInstrumentsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Realized gain (loss) on derivative instruments, net", "label": "Derivative, Gain (Loss) on Derivative, Net", "documentation": "Amount of increase (decrease) in the fair value of derivatives recognized in the income statement." } } }, "auth_ref": [ "r858", "r1166" ] }, "us-gaap_DerivativeInstrumentRiskAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeInstrumentRiskAxis", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofEffectofCurrencyForwardContractsReportedinGainLossonDerivativeInstrumentsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofFairValueofourCurrencyForwardContractsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Derivative Instrument [Axis]", "label": "Derivative Instrument [Axis]", "documentation": "Information by type of derivative contract." } } }, "auth_ref": [ "r134", "r430", "r432", "r433", "r436", "r437", "r438", "r439", "r441", "r442", "r443", "r444", "r445", "r446", "r447", "r448", "r449", "r450", "r451", "r452", "r453", "r454", "r455", "r456", "r457", "r732", "r735", "r751", "r752", "r753", "r754", "r755", "r756", "r757", "r759", "r760", "r761", "r762", "r778", "r779", "r780", "r781", "r784", "r785", "r786", "r787", "r811", "r812", "r818", "r820", "r861", "r862", "r865", "r915", "r916", "r951", "r953", "r1064", "r1065", "r1066", "r1067", "r1068", "r1069", "r1070", "r1071", "r1072", "r1171", "r1172", "r1173", "r1174", "r1183", "r1184", "r1185", "r1186", "r1187", "r1188", "r1190", "r1191" ] }, "us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract", "lang": { "en-us": { "role": { "label": "Derivative Instruments and Hedging Activities Disclosure [Abstract]" } } }, "auth_ref": [] }, "us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivities" ], "lang": { "en-us": { "role": { "terseLabel": "Derivatives and Hedging Activities", "label": "Derivative Instruments and Hedging Activities Disclosure [Text Block]", "documentation": "The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts." } } }, "auth_ref": [ "r419", "r420", "r421", "r422", "r423", "r424", "r425", "r426", "r427", "r428", "r429", "r466", "r467", "r468", "r469", "r470", "r471", "r472", "r473", "r474", "r475", "r476", "r477", "r478", "r481", "r493", "r915", "r916", "r917", "r918", "r919" ] }, "us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofEffectofCurrencyForwardContractsReportedinGainLossonDerivativeInstrumentsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofFairValueofourCurrencyForwardContractsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Derivative Instruments and Hedging Activities Disclosures [Line Items]", "label": "Derivative Instruments and Hedging Activities Disclosures [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r459", "r460", "r462", "r463", "r464", "r465", "r915" ] }, "us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofEffectofCurrencyForwardContractsReportedinGainLossonDerivativeInstrumentsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofFairValueofourCurrencyForwardContractsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Derivative Instruments and Hedging Activities Disclosures [Table]", "label": "Derivative Instruments and Hedging Activities Disclosures [Table]", "documentation": "Disclosure of information about derivatives and hedging activities." } } }, "auth_ref": [ "r459", "r460", "r461", "r462", "r463", "r464", "r465", "r915" ] }, "us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_NoninterestIncome", "weight": 1.0, "order": 3.0 }, "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails": { "parentTag": "us-gaap_GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet", "weight": 1.0, "order": 4.0 }, "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofEffectofCurrencyForwardContractsReportedinGainLossonDerivativeInstrumentsDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofEffectofCurrencyForwardContractsReportedinGainLossonDerivativeInstrumentsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Gain (loss) on derivative instruments, net", "totalLabel": "Gain (loss) on derivative instruments, net", "label": "Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net", "documentation": "Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments." } } }, "auth_ref": [ "r134", "r448", "r916" ] }, "us-gaap_DerivativeLiabilities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeLiabilities", "crdr": "credit", "calculation": { "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails": { "parentTag": "us-gaap_LiabilitiesFairValueDisclosure", "weight": 1.0, "order": 2.0 }, "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 6.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofFairValueofourCurrencyForwardContractsDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Derivative liabilities, at fair value", "verboseLabel": "Derivative liabilities", "label": "Derivative Liability", "documentation": "Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset." } } }, "auth_ref": [ "r120", "r121", "r479", "r499", "r500", "r514", "r522", "r523", "r524", "r723", "r724", "r725", "r727", "r730", "r731", "r732", "r734", "r735", "r759", "r761", "r762", "r812", "r813", "r814", "r818", "r819", "r820", "r821", "r861", "r863", "r864", "r865", "r1180", "r1181", "r1182", "r1259" ] }, "us-gaap_DerivativeNotionalAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeNotionalAmount", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails" ], "lang": { "en-us": { "role": { "periodStartLabel": "Beginning balance", "periodEndLabel": "Ending balance", "label": "Derivative, Notional Amount", "documentation": "Nominal or face amount used to calculate payment on derivative." } } }, "auth_ref": [ "r915", "r1163", "r1164" ] }, "incref_DerivativeNotionalAmountAdditions": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "DerivativeNotionalAmountAdditions", "crdr": "debit", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Additions", "label": "Derivative, Notional Amount, Additions", "documentation": "Derivative, Notional Amount, Additions" } } }, "auth_ref": [] }, "incref_DerivativeNotionalAmountRollForward": { "xbrltype": "stringItemType", "nsuri": "http://invesco.com/20260331", "localname": "DerivativeNotionalAmountRollForward", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Derivative, Notional Amount [Roll Forward]", "label": "Derivative, Notional Amount [Roll Forward]", "documentation": "Derivative, Notional Amount" } } }, "auth_ref": [] }, "incref_DerivativeNotionalAmountSettlementTerminationExpirationExercise": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "DerivativeNotionalAmountSettlementTerminationExpirationExercise", "crdr": "credit", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Settlement, Termination, Expiration or Exercise", "label": "Derivative, Notional Amount, Settlement, Termination, Expiration, Exercise", "documentation": "Derivative, Notional Amount, Settlement, Termination, Expiration, Exercise" } } }, "auth_ref": [] }, "incref_DistributionReinvestmentPlanDRPSharesMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "DistributionReinvestmentPlanDRPSharesMember", "presentation": [ "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Distribution Reinvestment Plan (\"DRP\") Shares", "label": "Distribution Reinvestment Plan (\"DRP\") Shares [Member]", "documentation": "Distribution Reinvestment Plan (\"DRP\") Shares" } } }, "auth_ref": [] }, "incref_DistributionsToNoncontrollingInterestNotYetPaid": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "DistributionsToNoncontrollingInterestNotYetPaid", "crdr": "credit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Distributions to non-controlling interest, not yet paid", "label": "Distributions To Noncontrolling Interest, Not Yet Paid", "documentation": "Distributions To Noncontrolling Interest, Not Yet Paid" } } }, "auth_ref": [] }, "us-gaap_Dividends": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "Dividends", "crdr": "debit", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Dividends", "label": "Dividends", "documentation": "Amount of paid and unpaid cash, stock, and paid-in-kind (PIK) dividends declared, for example, but not limited to, common and preferred stock." } } }, "auth_ref": [ "r4", "r84" ] }, "us-gaap_DividendsCommonStockCash": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DividendsCommonStockCash", "crdr": "debit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Common stock dividends", "label": "Dividends, Common Stock, Cash", "documentation": "Amount of paid and unpaid common stock dividends declared with the form of settlement in cash." } } }, "auth_ref": [ "r84" ] }, "incref_DividendsDeclaredInCurrentYearButNotYetPaid": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "DividendsDeclaredInCurrentYearButNotYetPaid", "crdr": "credit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "verboseLabel": "Dividends and distributions declared not paid", "label": "Dividends Declared In Current Year, But Not Yet Paid", "documentation": "Dividends Declared In Current Year, But Not Yet Paid" } } }, "auth_ref": [] }, "us-gaap_DividendsDeclaredTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DividendsDeclaredTableTextBlock", "presentation": [ "http://invesco.com/role/EquityTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Dividends Declared", "label": "Dividends Declared [Table Text Block]", "documentation": "Tabular disclosure of information related to dividends declared, including paid and unpaid dividends." } } }, "auth_ref": [] }, "us-gaap_DividendsPayableCurrentAndNoncurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DividendsPayableCurrentAndNoncurrent", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 7.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Dividends and distributions payable (including $828 and $804 due to related party, respectively)", "netLabel": "Dividends and distributions payable", "verboseLabel": "Dividends and distributions payable", "label": "Dividends Payable", "documentation": "Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding." } } }, "auth_ref": [ "r55", "r59", "r93", "r960", "r1226" ] }, "us-gaap_DividendsPreferredStockCash": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DividendsPreferredStockCash", "crdr": "debit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Preferred stock dividends", "label": "Dividends, Preferred Stock, Cash", "documentation": "Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash." } } }, "auth_ref": [ "r4", "r84" ] }, "dei_DocumentFiscalPeriodFocus": { "xbrltype": "fiscalPeriodItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "DocumentFiscalPeriodFocus", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Document Fiscal Period Focus", "label": "Document Fiscal Period Focus", "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY." } } }, "auth_ref": [] }, "dei_DocumentFiscalYearFocus": { "xbrltype": "gYearItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "DocumentFiscalYearFocus", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Document Fiscal Year Focus", "label": "Document Fiscal Year Focus", "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006." } } }, "auth_ref": [] }, "dei_DocumentInformationLineItems": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "DocumentInformationLineItems", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Document Information [Line Items]", "label": "Document Information [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [] }, "dei_DocumentInformationTable": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "DocumentInformationTable", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Document Information [Table]", "label": "Document Information [Table]", "documentation": "Container to support the formal attachment of each official or unofficial, public or private document as part of a submission package." } } }, "auth_ref": [] }, "dei_DocumentPeriodEndDate": { "xbrltype": "dateItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "DocumentPeriodEndDate", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Document Period End Date", "label": "Document Period End Date", "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD." } } }, "auth_ref": [] }, "dei_DocumentQuarterlyReport": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "DocumentQuarterlyReport", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Document Quarterly Report", "label": "Document Quarterly Report", "documentation": "Boolean flag that is true only for a form used as an quarterly report." } } }, "auth_ref": [ "r966" ] }, "dei_DocumentTransitionReport": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "DocumentTransitionReport", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Document Transition Report", "label": "Document Transition Report", "documentation": "Boolean flag that is true only for a form used as a transition report." } } }, "auth_ref": [ "r998" ] }, "dei_DocumentType": { "xbrltype": "submissionTypeItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "DocumentType", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Document Type", "label": "Document Type", "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'." } } }, "auth_ref": [] }, "ecd_DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year", "label": "Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year [Member]" } } }, "auth_ref": [ "r1009" ] }, "currency_EUR": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/currency/2025", "localname": "EUR", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Euro Member Countries, Euro", "label": "Euro Member Countries, Euro" } } }, "auth_ref": [] }, "incref_EURUSDForeignExchangeForwardMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "EURUSDForeignExchangeForwardMember", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "EUR/USD Foreign Exchange Forward", "label": "EUR/USD Foreign Exchange Forward [Member]", "documentation": "EUR/USD Foreign Exchange Forward" } } }, "auth_ref": [] }, "incref_EarningsLossPerShareEPSAbstract": { "xbrltype": "stringItemType", "nsuri": "http://invesco.com/20260331", "localname": "EarningsLossPerShareEPSAbstract", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Earnings (loss) per share:", "label": "Earnings (Loss) Per Share EPS [Abstract]", "documentation": "Earnings (Loss) Per Share EPS" } } }, "auth_ref": [] }, "us-gaap_EarningsPerShareAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EarningsPerShareAbstract", "lang": { "en-us": { "role": { "label": "Earnings Per Share [Abstract]" } } }, "auth_ref": [] }, "us-gaap_EarningsPerShareBasic": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EarningsPerShareBasic", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/EarningsperCommonShareDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Basic (in dollars per share)", "label": "Earnings Per Share, Basic", "documentation": "The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period." } } }, "auth_ref": [ "r111", "r132", "r160", "r161", "r162", "r163", "r164", "r165", "r166", "r167", "r172", "r175", "r181", "r182", "r183", "r187", "r314", "r387", "r407", "r410", "r496", "r497", "r656", "r685", "r870" ] }, "incref_EarningsPerShareBasicAndDilutedEPSAbstract": { "xbrltype": "stringItemType", "nsuri": "http://invesco.com/20260331", "localname": "EarningsPerShareBasicAndDilutedEPSAbstract", "presentation": [ "http://invesco.com/role/EarningsperCommonShareDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Earnings (loss) per share:", "label": "Earnings Per Share, Basic And Diluted EPS [Abstract]", "documentation": "Earnings Per Share, Basic And Diluted EPS" } } }, "auth_ref": [] }, "us-gaap_EarningsPerShareDiluted": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EarningsPerShareDiluted", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/EarningsperCommonShareDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Diluted (in dollars per share)", "label": "Earnings Per Share, Diluted", "documentation": "The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period." } } }, "auth_ref": [ "r111", "r132", "r160", "r161", "r162", "r163", "r164", "r165", "r166", "r167", "r175", "r181", "r182", "r183", "r187", "r314", "r387", "r407", "r410", "r496", "r497", "r656", "r685", "r870" ] }, "us-gaap_EarningsPerShareTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EarningsPerShareTextBlock", "presentation": [ "http://invesco.com/role/EarningsperCommonShare" ], "lang": { "en-us": { "role": { "terseLabel": "Earnings per Common Share", "label": "Earnings Per Share [Text Block]", "documentation": "The entire disclosure for earnings per share." } } }, "auth_ref": [ "r171", "r184", "r185", "r186" ] }, "us-gaap_EastRegionMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EastRegionMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "East", "label": "US East Region [Member]", "documentation": "Region of United States of America (US) designated as East." } } }, "auth_ref": [ "r1273", "r1274", "r1275", "r1276" ] }, "us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Effect of exchange rate changes on cash, cash equivalents and restricted cash", "label": "Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation", "documentation": "Amount of increase (decrease) from effect of exchange rate change on cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; held in foreign currency; including, but not limited to, discontinued operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate." } } }, "auth_ref": [ "r1204" ] }, "us-gaap_EmployeeStockOptionMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EmployeeStockOptionMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Employee Stock Option", "label": "Share-Based Payment Arrangement, Option [Member]", "documentation": "Share-based payment arrangement granting right, subject to vesting and other restrictions, to purchase or sell certain number of shares at predetermined price for specified period of time." } } }, "auth_ref": [ "r1136", "r1137", "r1138", "r1139", "r1140", "r1141", "r1142", "r1143", "r1144", "r1145", "r1146", "r1147", "r1148", "r1149", "r1150", "r1151", "r1152", "r1153", "r1154", "r1155", "r1156", "r1157", "r1158", "r1159", "r1160", "r1161" ] }, "dei_EntityAddressAddressLine1": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityAddressAddressLine1", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, Address Line One", "label": "Entity Address, Address Line One", "documentation": "Address Line 1 such as Attn, Building Name, Street Name" } } }, "auth_ref": [] }, "dei_EntityAddressAddressLine2": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityAddressAddressLine2", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, Address Line Two", "label": "Entity Address, Address Line Two", "documentation": "Address Line 2 such as Street or Suite number" } } }, "auth_ref": [] }, "dei_EntityAddressCityOrTown": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityAddressCityOrTown", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, City or Town", "label": "Entity Address, City or Town", "documentation": "Name of the City or Town" } } }, "auth_ref": [] }, "dei_EntityAddressPostalZipCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityAddressPostalZipCode", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, Postal Zip Code", "label": "Entity Address, Postal Zip Code", "documentation": "Code for the postal or zip code" } } }, "auth_ref": [] }, "dei_EntityAddressStateOrProvince": { "xbrltype": "stateOrProvinceItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityAddressStateOrProvince", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, State or Province", "label": "Entity Address, State or Province", "documentation": "Name of the state or province." } } }, "auth_ref": [] }, "dei_EntityCentralIndexKey": { "xbrltype": "centralIndexKeyItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityCentralIndexKey", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Central Index Key", "label": "Entity Central Index Key", "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK." } } }, "auth_ref": [ "r965" ] }, "dei_EntityCommonStockSharesOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityCommonStockSharesOutstanding", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Common Stock, Shares Outstanding", "label": "Entity Common Stock, Shares Outstanding", "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument." } } }, "auth_ref": [] }, "dei_EntityCurrentReportingStatus": { "xbrltype": "yesNoItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityCurrentReportingStatus", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Current Reporting Status", "label": "Entity Current Reporting Status", "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure." } } }, "auth_ref": [] }, "dei_EntityEmergingGrowthCompany": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityEmergingGrowthCompany", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Emerging Growth Company", "label": "Entity Emerging Growth Company", "documentation": "Indicate if registrant meets the emerging growth company criteria." } } }, "auth_ref": [ "r965" ] }, "dei_EntityExTransitionPeriod": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityExTransitionPeriod", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Ex Transition Period", "label": "Entity Ex Transition Period", "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards." } } }, "auth_ref": [ "r1049" ] }, "dei_EntityFileNumber": { "xbrltype": "fileNumberItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityFileNumber", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity File Number", "label": "Entity File Number", "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen." } } }, "auth_ref": [] }, "dei_EntityFilerCategory": { "xbrltype": "filerCategoryItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityFilerCategory", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Filer Category", "label": "Entity Filer Category", "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure." } } }, "auth_ref": [ "r965" ] }, "dei_EntityIncorporationStateCountryCode": { "xbrltype": "edgarStateCountryItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityIncorporationStateCountryCode", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Incorporation, State or Country Code", "label": "Entity Incorporation, State or Country Code", "documentation": "Two-character EDGAR code representing the state or country of incorporation." } } }, "auth_ref": [] }, "dei_EntityInteractiveDataCurrent": { "xbrltype": "yesNoItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityInteractiveDataCurrent", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Interactive Data Current", "label": "Entity Interactive Data Current", "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files)." } } }, "auth_ref": [ "r1048" ] }, "dei_EntityRegistrantName": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityRegistrantName", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Registrant Name", "label": "Entity Registrant Name", "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC." } } }, "auth_ref": [ "r965" ] }, "dei_EntityShellCompany": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityShellCompany", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Shell Company", "label": "Entity Shell Company", "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act." } } }, "auth_ref": [ "r965" ] }, "dei_EntitySmallBusiness": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntitySmallBusiness", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Small Business", "label": "Entity Small Business", "documentation": "Indicates that the company is a Smaller Reporting Company (SRC)." } } }, "auth_ref": [ "r965" ] }, "dei_EntityTaxIdentificationNumber": { "xbrltype": "employerIdItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityTaxIdentificationNumber", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Tax Identification Number", "label": "Entity Tax Identification Number", "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS." } } }, "auth_ref": [ "r965" ] }, "ecd_EqtyAwrdsAdjFnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "EqtyAwrdsAdjFnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Equity Awards Adjustments, Footnote", "label": "Equity Awards Adjustments, Footnote [Text Block]" } } }, "auth_ref": [ "r1003" ] }, "ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Equity Awards Adjustments, Excluding Value Reported in Compensation Table", "label": "Equity Awards Adjustments, Excluding Value Reported in the Compensation Table [Member]" } } }, "auth_ref": [ "r1044" ] }, "ecd_EqtyAwrdsAdjsMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "EqtyAwrdsAdjsMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Equity Awards Adjustments", "label": "Equity Awards Adjustments [Member]" } } }, "auth_ref": [ "r1044" ] }, "ecd_EqtyAwrdsInSummryCompstnTblForAplblYrMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "EqtyAwrdsInSummryCompstnTblForAplblYrMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table", "label": "Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member]" } } }, "auth_ref": [ "r1044" ] }, "us-gaap_EquityAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EquityAbstract", "lang": { "en-us": { "role": { "label": "Equity [Abstract]" } } }, "auth_ref": [] }, "us-gaap_EquityComponentDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EquityComponentDomain", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Equity Component [Domain]", "label": "Equity Component [Domain]", "documentation": "Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc." } } }, "auth_ref": [ "r13", "r108", "r110", "r111", "r127", "r128", "r129", "r155", "r156", "r157", "r159", "r166", "r168", "r170", "r189", "r252", "r253", "r262", "r313", "r342", "r387", "r401", "r402", "r404", "r405", "r406", "r408", "r409", "r410", "r483", "r484", "r485", "r486", "r487", "r488", "r489", "r490", "r491", "r492", "r495", "r541", "r542", "r543", "r544", "r545", "r546", "r550", "r552", "r553", "r681", "r689", "r690", "r691", "r710", "r791" ] }, "ecd_EquityValuationAssumptionDifferenceFnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "EquityValuationAssumptionDifferenceFnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Equity Valuation Assumption Difference, Footnote", "label": "Equity Valuation Assumption Difference, Footnote [Text Block]" } } }, "auth_ref": [ "r1013" ] }, "ecd_ErrCompAnalysisTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ErrCompAnalysisTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Erroneous Compensation Analysis", "label": "Erroneous Compensation Analysis [Text Block]" } } }, "auth_ref": [ "r971", "r981", "r991", "r1023" ] }, "ecd_ErrCompRecoveryTable": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ErrCompRecoveryTable", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Erroneously Awarded Compensation Recovery", "label": "Erroneously Awarded Compensation Recovery [Table]" } } }, "auth_ref": [ "r968", "r978", "r988", "r1020" ] }, "srt_EuropeMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "EuropeMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Europe", "label": "Europe [Member]" } } }, "auth_ref": [ "r1273", "r1274", "r1275", "r1276" ] }, "ecd_ExecutiveCategoryAxis": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ExecutiveCategoryAxis", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Executive Category:", "label": "Executive Category [Axis]" } } }, "auth_ref": [ "r1019" ] }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]", "label": "Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r499", "r500", "r514", "r920" ] }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value, Recurring and Nonrecurring [Table]", "label": "Fair Value, Recurring and Nonrecurring [Table]", "documentation": "Disclosure of information about asset and liability measured at fair value on recurring and nonrecurring basis." } } }, "auth_ref": [ "r499", "r500", "r514", "r920" ] }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value Measurement Inputs and Valuation Techniques [Line Items]", "label": "Fair Value Measurement Inputs and Valuation Techniques [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r501", "r502", "r503", "r902", "r903", "r923" ] }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value Measurement Inputs and Valuation Techniques [Table]", "label": "Fair Value Measurement Inputs and Valuation Techniques [Table]", "documentation": "Disclosure of information about input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis." } } }, "auth_ref": [ "r501", "r502", "r503", "r902", "r903", "r923" ] }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Fair Value Measurement Inputs and Valuation Techniques", "label": "Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]", "documentation": "Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis." } } }, "auth_ref": [ "r501", "r502", "r923" ] }, "us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss", "crdr": "credit", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Net unrealized gain (loss)", "label": "Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss)", "documentation": "Amount of unrealized gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3) and still held." } } }, "auth_ref": [ "r509", "r515", "r921", "r922" ] }, "us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Asset Class [Domain]", "label": "Asset Class [Domain]", "documentation": "Class of asset." } } }, "auth_ref": [ "r504", "r505", "r506", "r507", "r508", "r509", "r515", "r858", "r921", "r932" ] }, "us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]", "label": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]", "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period." } } }, "auth_ref": [] }, "us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]", "label": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r504", "r505", "r506", "r507", "r508", "r509", "r515", "r921" ] }, "us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table]", "label": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table]", "documentation": "Disclosure of information about financial instrument asset measured at fair value on recurring basis using unobservable input." } } }, "auth_ref": [ "r504", "r505", "r506", "r507", "r508", "r509", "r515", "r921" ] }, "us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation", "label": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]", "documentation": "Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset." } } }, "auth_ref": [ "r504", "r509", "r515", "r921" ] }, "us-gaap_FairValueByAssetClassAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueByAssetClassAxis", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Asset Class [Axis]", "label": "Asset Class [Axis]", "documentation": "Information by class of asset." } } }, "auth_ref": [ "r504", "r505", "r506", "r507", "r508", "r509", "r515", "r858", "r921", "r932" ] }, "us-gaap_FairValueByFairValueHierarchyLevelAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueByFairValueHierarchyLevelAxis", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value Hierarchy and NAV [Axis]", "label": "Fair Value Hierarchy and NAV [Axis]", "documentation": "Information by level within fair value hierarchy and fair value measured at net asset value per share as practical expedient." } } }, "auth_ref": [ "r299", "r344", "r345", "r346", "r347", "r348", "r349", "r351", "r352", "r498", "r500", "r501", "r502", "r503", "r512", "r514", "r516", "r522", "r570", "r571", "r572", "r858", "r887", "r888", "r895", "r896", "r897", "r898", "r899", "r920", "r923", "r932" ] }, "us-gaap_FairValueByLiabilityClassAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueByLiabilityClassAxis", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Liability Class [Axis]", "label": "Liability Class [Axis]", "documentation": "Information by class of liability." } } }, "auth_ref": [ "r504", "r505", "r506", "r507", "r508", "r509", "r515" ] }, "us-gaap_FairValueDisclosuresAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueDisclosuresAbstract", "lang": { "en-us": { "role": { "label": "Fair Value Disclosures [Abstract]" } } }, "auth_ref": [] }, "us-gaap_FairValueDisclosuresTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueDisclosuresTextBlock", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstruments" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value of Financial Instruments", "label": "Fair Value Disclosures [Text Block]", "documentation": "The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information." } } }, "auth_ref": [ "r501", "r508", "r510", "r511", "r512", "r516", "r517", "r518", "r519", "r520", "r652", "r920", "r924" ] }, "us-gaap_FairValueInputsLevel1Member": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueInputsLevel1Member", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Level 1", "label": "Fair Value, Inputs, Level 1 [Member]", "documentation": "Quoted prices in active markets for identical assets or liabilities that the reporting entity can access at the measurement date." } } }, "auth_ref": [ "r299", "r344", "r349", "r351", "r500", "r514", "r522", "r570", "r858", "r895", "r896", "r897", "r898", "r899", "r920", "r932" ] }, "us-gaap_FairValueInputsLevel2Member": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueInputsLevel2Member", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Level 2", "label": "Fair Value, Inputs, Level 2 [Member]", "documentation": "Inputs other than quoted prices included within level 1 that are observable for an asset or liability, either directly or indirectly, including, but not limited to, quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in inactive markets." } } }, "auth_ref": [ "r299", "r344", "r349", "r351", "r353", "r500", "r501", "r514", "r522", "r571", "r858", "r887", "r888", "r895", "r896", "r897", "r898", "r899", "r920", "r932" ] }, "us-gaap_FairValueInputsLevel3Member": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueInputsLevel3Member", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Level 3", "label": "Fair Value, Inputs, Level 3 [Member]", "documentation": "Unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing." } } }, "auth_ref": [ "r299", "r344", "r345", "r346", "r347", "r348", "r349", "r351", "r352", "r500", "r501", "r502", "r503", "r514", "r522", "r572", "r858", "r887", "r888", "r895", "r896", "r897", "r898", "r899", "r920", "r923", "r932" ] }, "us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss", "crdr": "credit", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Net unrealized (gain) loss", "label": "Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss)", "documentation": "Amount of unrealized gain (loss) recognized in income from liability measured at fair value on recurring basis using unobservable input (level 3) and still held." } } }, "auth_ref": [ "r509", "r515" ] }, "us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value by Liability Class [Domain]", "label": "Fair Value by Liability Class [Domain]", "documentation": "Represents classes of liabilities measured and disclosed at fair value." } } }, "auth_ref": [ "r504", "r505", "r506", "r507", "r508", "r509", "r515" ] }, "us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]", "label": "Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]", "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period." } } }, "auth_ref": [] }, "us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]", "label": "Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r504", "r505", "r506", "r507", "r508", "r509" ] }, "us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table]", "label": "Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table]", "documentation": "Disclosure of information about financial instrument liability measured at fair value on recurring basis using unobservable input." } } }, "auth_ref": [ "r504", "r505", "r506", "r507", "r508", "r509", "r515" ] }, "us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation", "label": "Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]", "documentation": "Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability." } } }, "auth_ref": [ "r504", "r509", "r515" ] }, "incref_FairValueLiabilityRecurringBasisStillHeldUnrealizedForeignCurrencyGainLoss": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueLiabilityRecurringBasisStillHeldUnrealizedForeignCurrencyGainLoss", "crdr": "credit", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Unrealized foreign currency (gain) loss", "label": "Fair Value, Liability, Recurring Basis, Still Held, Unrealized Foreign Currency Gain (Loss)", "documentation": "Fair Value, Liability, Recurring Basis, Still Held, Unrealized Foreign Currency Gain (Loss)" } } }, "auth_ref": [] }, "us-gaap_FairValueMeasurementPolicyPolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueMeasurementPolicyPolicyTextBlock", "presentation": [ "http://invesco.com/role/SummaryofSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value Measurement, Real Estate-Related Securities, And Collateralized Loan Obligations", "label": "Fair Value Measurement, Policy [Policy Text Block]", "documentation": "Disclosure of accounting policy for fair value measurements of financial and non-financial assets, liabilities and instruments classified in shareholders' equity. Disclosures include, but are not limited to, how an entity that manages a group of financial assets and liabilities on the basis of its net exposure measures the fair value of those assets and liabilities." } } }, "auth_ref": [] }, "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues", "crdr": "debit", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Loan originations and fundings", "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Issuances", "documentation": "Amount of issuances of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing." } } }, "auth_ref": [ "r507", "r513", "r515", "r921" ] }, "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements", "crdr": "credit", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Loan principal payments", "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements", "documentation": "Amount of settlement of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing." } } }, "auth_ref": [ "r507", "r515", "r921" ] }, "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue", "crdr": "debit", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "periodStartLabel": "Beginning Balance", "periodEndLabel": "Ending Balance", "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value", "documentation": "Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing." } } }, "auth_ref": [ "r504", "r515", "r921" ] }, "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales", "crdr": "debit", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Proceeds", "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Sales", "documentation": "Amount of sales of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing." } } }, "auth_ref": [ "r507", "r515" ] }, "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements", "crdr": "debit", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Repayments", "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements", "documentation": "Amount of settlements of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing." } } }, "auth_ref": [ "r507", "r515" ] }, "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue", "crdr": "credit", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "periodStartLabel": "Beginning Balance", "periodEndLabel": "Ending Balance", "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value", "documentation": "Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing." } } }, "auth_ref": [ "r504", "r515" ] }, "us-gaap_FairValueMeasurementsFairValueHierarchyDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueMeasurementsFairValueHierarchyDomain", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value Hierarchy and NAV [Domain]", "label": "Fair Value Hierarchy and NAV [Domain]", "documentation": "Categories used to prioritize the inputs to valuation techniques to measure fair value." } } }, "auth_ref": [ "r299", "r344", "r345", "r346", "r347", "r348", "r349", "r351", "r352", "r498", "r500", "r501", "r502", "r503", "r512", "r514", "r516", "r522", "r570", "r571", "r572", "r858", "r887", "r888", "r895", "r896", "r897", "r898", "r899", "r920", "r923", "r932" ] }, "incref_FairValueOptionAssetsMeasurementInput": { "xbrltype": "decimalItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionAssetsMeasurementInput", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Commercial loans, measurement input", "label": "Fair Value, Option, Assets, Measurement Input", "documentation": "Fair Value, Option, Assets, Measurement Input" } } }, "auth_ref": [] }, "incref_FairValueOptionAtAmortizedCost": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionAtAmortizedCost", "crdr": "debit", "presentation": [ "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfRealEstateRelatedSecuritiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Amortized Cost", "label": "Fair Value, Option At Amortized Cost", "documentation": "Fair Value, Option At Amortized Cost" } } }, "auth_ref": [] }, "us-gaap_FairValueOptionChangesInFairValueGainLoss1": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueOptionChangesInFairValueGainLoss1", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_NoninterestIncome", "weight": 1.0, "order": 1.0 }, "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails": { "parentTag": "us-gaap_GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet", "weight": 1.0, "order": 1.0 }, "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0, "order": 2.0 }, "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfGainLossOnRealEstateRelatedSecuritiesDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails", "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfGainLossOnRealEstateRelatedSecuritiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Unrealized gain (loss) on loans, net", "negatedTerseLabel": "Unrealized (gain) loss", "totalLabel": "Gain (Loss), Net", "netLabel": "Unrealized foreign exchange gain (loss) on loans", "label": "Fair Value, Option, Changes in Fair Value, Gain (Loss)", "documentation": "For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings." } } }, "auth_ref": [ "r532", "r536", "r858", "r932" ] }, "incref_FairValueOptionChangesInFairValueRealizedGainLoss": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionChangesInFairValueRealizedGainLoss", "crdr": "credit", "calculation": { "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfGainLossOnRealEstateRelatedSecuritiesDetails": { "parentTag": "us-gaap_FairValueOptionChangesInFairValueGainLoss1", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfGainLossOnRealEstateRelatedSecuritiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Realized Gain (Loss), Net", "label": "Fair Value, Option, Changes in Fair Value, Realized Gain (Loss)", "documentation": "Fair Value, Option, Changes in Fair Value, Realized Gain (Loss)" } } }, "auth_ref": [] }, "incref_FairValueOptionChangesInFairValueUnrealizedGainLoss": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionChangesInFairValueUnrealizedGainLoss", "crdr": "credit", "calculation": { "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfGainLossOnRealEstateRelatedSecuritiesDetails": { "parentTag": "us-gaap_FairValueOptionChangesInFairValueGainLoss1", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfGainLossOnRealEstateRelatedSecuritiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Unrealized Gain (Loss), Net", "label": "Fair Value, Option, Changes in Fair Value, Unrealized Gain (Loss)", "documentation": "Fair Value, Option, Changes in Fair Value, Unrealized Gain (Loss)" } } }, "auth_ref": [] }, "incref_FairValueOptionContractualPrincipalAmountAssets": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionContractualPrincipalAmountAssets", "crdr": "debit", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofInvestmentsinCommercialRealEstateLoansDetails", "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfRealEstateRelatedSecuritiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Loan amount", "verboseLabel": "Principal Balance", "label": "Fair Value, Option, Contractual Principal Amount, Assets", "documentation": "Fair Value, Option, Contractual Principal Amount, Assets" } } }, "auth_ref": [] }, "incref_FairValueOptionContractualPrincipalOutstandingAssets": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionContractualPrincipalOutstandingAssets", "crdr": "debit", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofInvestmentsinCommercialRealEstateLoansDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Principal Balance Outstanding", "label": "Fair Value, Option, Contractual Principal Outstanding, Assets", "documentation": "Fair Value, Option, Contractual Principal Outstanding, Assets" } } }, "auth_ref": [] }, "incref_FairValueOptionFairValueCarryingAmountAssets": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionFairValueCarryingAmountAssets", "crdr": "debit", "calculation": { "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails": { "parentTag": "us-gaap_AssetsFairValueDisclosure", "weight": 1.0, "order": 2.0 }, "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_Assets", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofInvestmentsinCommercialRealEstateLoansDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails", "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfRealEstateRelatedSecuritiesDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Fair value, option, assets", "terseLabel": "Fair Value", "netLabel": "Fair value, option, assets", "label": "Fair Value, Option, Fair Value Carrying Amount, Assets", "documentation": "Fair Value, Option, Fair Value Carrying Amount, Assets" } } }, "auth_ref": [] }, "incref_FairValueOptionFairValueCarryingAmountLiabilities": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionFairValueCarryingAmountLiabilities", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails", "http://invesco.com/role/CommitmentsandContingenciesDetails", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Collateralized loan obligations, at fair value", "label": "Fair Value, Option, Fair Value Carrying Amount, Liabilities", "documentation": "Fair Value, Option, Fair Value Carrying Amount, Liabilities" } } }, "auth_ref": [] }, "incref_FairValueOptionFairValueCarryingAmountLiabilitiesTerm": { "xbrltype": "durationItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionFairValueCarryingAmountLiabilitiesTerm", "presentation": [ "http://invesco.com/role/CommitmentsandContingenciesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Term of related loan (in years)", "label": "Fair Value, Option, Fair Value Carrying Amount, Liabilities, Term", "documentation": "Fair Value, Option, Fair Value Carrying Amount, Liabilities, Term" } } }, "auth_ref": [] }, "incref_FairValueOptionFairValueCarryingAmountLiability": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionFairValueCarryingAmountLiability", "crdr": "credit", "calculation": { "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails": { "parentTag": "us-gaap_LiabilitiesFairValueDisclosure", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofCollateralizedLoanObligationsDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Facility, Fair Value", "terseLabel": "Fair Value", "label": "Fair Value, Option, Fair Value Carrying Amount, Liability", "documentation": "Fair Value, Option, Fair Value Carrying Amount, Liability" } } }, "auth_ref": [] }, "incref_FairValueOptionFairValueOfCollateralAssets": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionFairValueOfCollateralAssets", "crdr": "credit", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical" ], "lang": { "en-us": { "role": { "terseLabel": "Loans pledged as collateral", "label": "Fair Value, Option, Fair Value of Collateral, Assets", "documentation": "Fair Value, Option, Fair Value of Collateral, Assets" } } }, "auth_ref": [] }, "incref_FairValueOptionLiabilitiesMeasurementInput": { "xbrltype": "decimalItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionLiabilitiesMeasurementInput", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Repurchase agreements, measurement input", "label": "Fair Value, Option, Liabilities, Measurement Input", "documentation": "Fair Value, Option, Liabilities, Measurement Input" } } }, "auth_ref": [] }, "us-gaap_FairValueOptionQuantitativeDisclosuresLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueOptionQuantitativeDisclosuresLineItems", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsNarrativeDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofInvestmentsinCommercialRealEstateLoansDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails", "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfGainLossOnRealEstateRelatedSecuritiesDetails", "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfRealEstateRelatedSecuritiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value, Option, Quantitative Disclosures [Line Items]", "label": "Fair Value, Option, Quantitative Disclosures [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r529", "r530", "r532", "r536", "r858", "r932" ] }, "us-gaap_FairValueOptionQuantitativeDisclosuresTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueOptionQuantitativeDisclosuresTable", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsNarrativeDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofInvestmentsinCommercialRealEstateLoansDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails", "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfGainLossOnRealEstateRelatedSecuritiesDetails", "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfRealEstateRelatedSecuritiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value Option, Disclosures [Table]", "label": "Fair Value Option, Disclosures [Table]", "documentation": "Disclosure of information about asset and liability measured at fair value under fair value option." } } }, "auth_ref": [ "r529", "r530", "r532", "r858", "r932", "r1201" ] }, "us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueOptionQuantitativeDisclosuresTextBlock", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsTables", "http://invesco.com/role/RealEstateRelatedSecuritiesTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Investments in Commercial Real Estate Loans", "label": "Fair Value Option, Disclosures [Table Text Block]", "documentation": "Tabular disclosure of information about asset and liability measured at fair value under fair value option." } } }, "auth_ref": [ "r858", "r932", "r1197", "r1200", "r1201" ] }, "us-gaap_FairValueOptionTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FairValueOptionTextBlock", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestments", "http://invesco.com/role/RealEstateRelatedSecurities" ], "lang": { "en-us": { "role": { "terseLabel": "Commercial Real Estate Loan Investments", "verboseLabel": "Real Estate-Related Securities", "label": "Fair Value, Option [Text Block]", "documentation": "The entire disclosure for a company's election to apply the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) the reasons for electing a fair value option for each eligible item or group of similar eligible items; (b) if the fair value option is elected for some but not all eligible items within a group of similar eligible items: (i) a description of those similar items and the reasons for partial election and (ii) information of how the group of similar items relates to individual balance sheet line items; (c) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected: (i) information of how each line item in the statement of financial position relates to major categories of assets and liabilities presented in accordance with other fair value disclosures and (ii) the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (d) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (e) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (f) for investments that would have been accounted for under the equity method if the entity had not chosen to apply the fair value option, the information required for such investments, if material either individually or in the aggregate; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) a description of how interest and dividends are measured and where they are reported in the income statement; (c) for loans and other receivables held as assets: (i) the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk and (ii) how the gains or losses attributable to changes in instrument-specific credit risk were determined; (d) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk: (i) the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk, (ii) qualitative information about the reasons for those changes, and (iii) how the gains and losses attributable to changes in instrument-specific credit risk were determined; and (3) certain other disclosures as required or determined to be provided." } } }, "auth_ref": [ "r105", "r525", "r526", "r527", "r528", "r529", "r533", "r534", "r535", "r930", "r931", "r933", "r934", "r935", "r1193" ] }, "incref_FairValueOptionUnamortizedPremiumDiscount": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionUnamortizedPremiumDiscount", "crdr": "debit", "presentation": [ "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfRealEstateRelatedSecuritiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Unamortized Premium (Discount)", "label": "Fair Value, Option, Unamortized Premium (Discount)", "documentation": "Fair Value, Option, Unamortized Premium (Discount)" } } }, "auth_ref": [] }, "incref_FairValueOptionUnrealizedGainLoss": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionUnrealizedGainLoss", "crdr": "credit", "presentation": [ "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfRealEstateRelatedSecuritiesDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Unrealized Gain (Loss), Net", "label": "Fair Value, Option, Unrealized Gain (Loss)", "documentation": "Fair Value, Option, Unrealized Gain (Loss)" } } }, "auth_ref": [] }, "incref_FairValueOptionWeightedAverageInterestRate": { "xbrltype": "percentItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionWeightedAverageInterestRate", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofCollateralizedLoanObligationsDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofInvestmentsinCommercialRealEstateLoansDetails", "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfRealEstateRelatedSecuritiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Weighted Average Interest Rate (in percent)", "verboseLabel": "Period-end Weighted Average Yield (in percent)", "label": "Fair Value, Option, Weighted Average Interest Rate", "documentation": "Fair Value, Option, Weighted Average Interest Rate" } } }, "auth_ref": [] }, "incref_FairValueOptionWeightedAverageLoanToValueRatio": { "xbrltype": "percentItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionWeightedAverageLoanToValueRatio", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Weighted average loan-to-value ratio", "label": "Fair Value, Option, Weighted Average Loan-To-Value Ratio", "documentation": "Fair Value, Option, Weighted Average Loan-To-Value Ratio" } } }, "auth_ref": [] }, "incref_FairValueOptionWeightedAverageTerm": { "xbrltype": "durationItemType", "nsuri": "http://invesco.com/20260331", "localname": "FairValueOptionWeightedAverageTerm", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofInvestmentsinCommercialRealEstateLoansDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Weighted Average Life (years)", "label": "Fair Value, Option, Weighted Average Term", "documentation": "Fair Value, Option, Weighted Average Term" } } }, "auth_ref": [] }, "us-gaap_FinancialInstrumentAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FinancialInstrumentAxis", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsNarrativeDetails", "http://invesco.com/role/CollateralizedLoanObligationsScheduleofCollateralizedLoanObligationsDetails", "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsNarrativeDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofInvestmentsinCommercialRealEstateLoansDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails", "http://invesco.com/role/CommitmentsandContingenciesDetails", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails", "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfGainLossOnRealEstateRelatedSecuritiesDetails", "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfRealEstateRelatedSecuritiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Financial Instrument [Axis]", "label": "Financial Instrument [Axis]", "documentation": "Information by type of financial instrument." } } }, "auth_ref": [ "r221", "r222", "r223", "r224", "r225", "r226", "r227", "r228", "r229", "r230", "r231", "r232", "r233", "r234", "r235", "r236", "r237", "r238", "r239", "r240", "r241", "r242", "r243", "r244", "r245", "r246", "r247", "r248", "r249", "r250", "r254", "r255", "r256", "r257", "r258", "r259", "r260", "r261", "r310", "r339", "r480", "r493", "r521", "r530", "r536", "r567", "r568", "r569", "r570", "r571", "r572", "r574", "r575", "r576", "r580", "r581", "r582", "r583", "r586", "r591", "r598", "r599", "r600", "r601", "r604", "r605", "r606", "r607", "r608", "r609", "r610", "r611", "r613", "r614", "r615", "r665", "r682", "r883", "r920", "r921", "r923", "r924", "r925", "r926", "r927", "r928", "r929", "r938", "r1052", "r1053", "r1054", "r1055", "r1056", "r1057", "r1058", "r1107", "r1108", "r1109", "r1110", "r1177", "r1180", "r1181", "r1182", "r1189", "r1192", "r1194", "r1195" ] }, "us-gaap_ForeignCurrencyTransactionGainLossBeforeTax": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ForeignCurrencyTransactionGainLossBeforeTax", "crdr": "credit", "calculation": { "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails": { "parentTag": "us-gaap_GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet", "weight": 1.0, "order": 3.0 }, "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_NoninterestIncome", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Gain (loss) on foreign currency transactions, net", "label": "Gain (Loss), Foreign Currency Transaction, before Tax", "documentation": "Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction." } } }, "auth_ref": [ "r135", "r537", "r538", "r539", "r540", "r788" ] }, "us-gaap_ForeignCurrencyTransactionGainLossUnrealized": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ForeignCurrencyTransactionGainLossUnrealized", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0, "order": 4.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "negatedLabel": "(Gain) loss on foreign currency transactions", "label": "Unrealized Gain (Loss), Foreign Currency Transaction, before Tax", "documentation": "Amount, before tax, of unrealized gain (loss) from foreign currency transaction." } } }, "auth_ref": [ "r77", "r765", "r962", "r1202", "r1203", "r1269" ] }, "us-gaap_ForeignExchangeForwardMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ForeignExchangeForwardMember", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofEffectofCurrencyForwardContractsReportedinGainLossonDerivativeInstrumentsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofFairValueofourCurrencyForwardContractsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Foreign Exchange Forward", "label": "Foreign Exchange Forward [Member]", "documentation": "Foreign exchange forward traded on an exchange (examples include but are not limited to the International Securities Exchange, Philadelphia Stock Exchange, or the Chicago Mercantile Exchange) for options or future contracts to buy or sell a certain currency, at a specified date, at a fixed exercise exchange rate." } } }, "auth_ref": [ "r752", "r756", "r761", "r780", "r786", "r816", "r817", "r818", "r908", "r909", "r910", "r911", "r912", "r913", "r914", "r953", "r1169" ] }, "ecd_ForgoneRecoveryDueToDisqualificationOfTaxBenefitsAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ForgoneRecoveryDueToDisqualificationOfTaxBenefitsAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Forgone Recovery due to Disqualification of Tax Benefits, Amount", "label": "Forgone Recovery due to Disqualification of Tax Benefits, Amount" } } }, "auth_ref": [ "r975", "r985", "r995", "r1027" ] }, "ecd_ForgoneRecoveryDueToExpenseOfEnforcementAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ForgoneRecoveryDueToExpenseOfEnforcementAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Forgone Recovery due to Expense of Enforcement, Amount", "label": "Forgone Recovery due to Expense of Enforcement, Amount" } } }, "auth_ref": [ "r975", "r985", "r995", "r1027" ] }, "ecd_ForgoneRecoveryDueToViolationOfHomeCountryLawAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ForgoneRecoveryDueToViolationOfHomeCountryLawAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Forgone Recovery due to Violation of Home Country Law, Amount", "label": "Forgone Recovery due to Violation of Home Country Law, Amount" } } }, "auth_ref": [ "r975", "r985", "r995", "r1027" ] }, "ecd_ForgoneRecoveryExplanationOfImpracticabilityTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ForgoneRecoveryExplanationOfImpracticabilityTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Forgone Recovery, Explanation of Impracticability", "label": "Forgone Recovery, Explanation of Impracticability [Text Block]" } } }, "auth_ref": [ "r975", "r985", "r995", "r1027" ] }, "ecd_ForgoneRecoveryIndName": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ForgoneRecoveryIndName", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Name", "label": "Forgone Recovery, Individual Name" } } }, "auth_ref": [ "r975", "r985", "r995", "r1027" ] }, "ecd_FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year", "label": "Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year [Member]" } } }, "auth_ref": [ "r1008" ] }, "incref_FranceSpainAndItalyMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "FranceSpainAndItalyMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "France, Spain and Italy", "label": "France, Spain and Italy [Member]", "documentation": "France, Spain and Italy" } } }, "auth_ref": [] }, "country_GB": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/country/2025", "localname": "GB", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "United Kingdom", "label": "UNITED KINGDOM" } } }, "auth_ref": [] }, "currency_GBP": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/currency/2025", "localname": "GBP", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "United Kingdom, Pounds", "label": "United Kingdom, Pounds" } } }, "auth_ref": [] }, "incref_GBPUSDForeignExchangeForwardMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "GBPUSDForeignExchangeForwardMember", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "GBP/USD Foreign Exchange Forward", "label": "GBP/USD Foreign Exchange Forward [Member]", "documentation": "GBP/USD Foreign Exchange Forward" } } }, "auth_ref": [] }, "us-gaap_GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet", "crdr": "credit", "calculation": { "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails" ], "lang": { "en-us": { "role": { "totalLabel": "Net impact of hedged foreign exchange", "label": "Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net", "documentation": "Aggregate impact of foreign currency derivatives on earnings for the period. Includes impact of foreign currency cash flow hedge ineffectiveness and the ineffectiveness of fair value hedging derivatives and full change in fair value of the foreign currency derivatives not designated as hedging instruments." } } }, "auth_ref": [ "r1166" ] }, "us-gaap_GeneralAndAdministrativeExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "GeneralAndAdministrativeExpense", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_NoninterestExpense", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "General and administrative", "label": "General and Administrative Expense", "documentation": "The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line." } } }, "auth_ref": [ "r71", "r770" ] }, "us-gaap_GeographicConcentrationRiskMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "GeographicConcentrationRiskMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Geographic Concentration Risk", "label": "Geographic Concentration Risk [Member]", "documentation": "Reflects the percentage that a specified dollar value on the balance sheet or income statement in the period from one or more specified geographic areas is to a corresponding consolidated, segment, or product line amount. Risk is the materially adverse effects of economic decline or antagonistic political actions resulting in loss of assets, sales volume, labor supply, or source of materials and supplies in a US state or a specified country, continent, or region such as EMEA (Europe, Middle East, Africa)." } } }, "auth_ref": [ "r844", "r1103" ] }, "us-gaap_HedgingDesignationAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "HedgingDesignationAxis", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofFairValueofourCurrencyForwardContractsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Hedging Designation [Axis]", "label": "Hedging Designation [Axis]", "documentation": "Information by designation of purpose of derivative instrument." } } }, "auth_ref": [ "r1166", "r1168" ] }, "us-gaap_HedgingDesignationDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "HedgingDesignationDomain", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofFairValueofourCurrencyForwardContractsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Hedging Designation [Domain]", "label": "Hedging Designation [Domain]", "documentation": "Designation of purpose of derivative instrument." } } }, "auth_ref": [ "r1166", "r1168" ] }, "incref_INCREFLendingIIIMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "INCREFLendingIIIMember", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "INCREF Lending III", "label": "INCREF Lending III [Member]", "documentation": "INCREF Lending III" } } }, "auth_ref": [] }, "incref_INCREFLendingIIMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "INCREFLendingIIMember", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "INCREF Lending II", "label": "INCREF Lending II [Member]", "documentation": "INCREF Lending II" } } }, "auth_ref": [] }, "incref_INCREFRepurchaseIIMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "INCREFRepurchaseIIMember", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "INCREF Repurchase II", "label": "INCREF Repurchase II [Member]", "documentation": "INCREF Repurchase II" } } }, "auth_ref": [] }, "incref_INCREFRepurchaseIMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "INCREFRepurchaseIMember", "presentation": [ "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "INCREF Repurchase I", "label": "INCREF Repurchase I [Member]", "documentation": "INCREF Repurchase I" } } }, "auth_ref": [] }, "us-gaap_IncentiveFeeExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncentiveFeeExpense", "crdr": "debit", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Performance fees", "label": "Incentive Fee Expense", "documentation": "Amount of expense for incentive fee based on performance under arrangement to manage operations, including, but not limited to, investment." } } }, "auth_ref": [ "r9", "r1266" ] }, "us-gaap_IncentiveFeePayable": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncentiveFeePayable", "crdr": "credit", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Accrued performance fees", "label": "Incentive Fee Payable", "documentation": "Amount of fee payable for management of operations based on performance under arrangement, including, but not limited to, investment." } } }, "auth_ref": [ "r1260" ] }, "us-gaap_IncomeStatementAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncomeStatementAbstract", "lang": { "en-us": { "role": { "label": "Income Statement [Abstract]" } } }, "auth_ref": [] }, "us-gaap_IncomeTaxExpenseBenefit": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncomeTaxExpenseBenefit", "crdr": "debit", "presentation": [ "http://invesco.com/role/SummaryofSignificantAccountingPoliciesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Tax expense", "label": "Income Tax Expense (Benefit)", "documentation": "Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations." } } }, "auth_ref": [ "r102", "r106", "r144", "r169", "r170", "r188", "r205", "r212", "r395", "r396", "r403", "r686", "r866", "r867", "r868", "r901" ] }, "us-gaap_IncomeTaxPolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncomeTaxPolicyTextBlock", "presentation": [ "http://invesco.com/role/SummaryofSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "terseLabel": "Income Taxes", "label": "Income Tax, Policy [Policy Text Block]", "documentation": "Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements." } } }, "auth_ref": [ "r126", "r393", "r394", "r397", "r398", "r399", "r400", "r699" ] }, "us-gaap_IncreaseDecreaseInDueToAffiliates": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncreaseDecreaseInDueToAffiliates", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 10.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Increase (decrease) in due to affiliate", "label": "Increase (Decrease) in Due to Affiliates", "documentation": "The increase (decrease) in obligations owed to an entity that is controlling, under the control of, or within the same control group as the reporting entity by means of direct or indirect ownership." } } }, "auth_ref": [ "r6" ] }, "us-gaap_IncreaseDecreaseInOperatingCapitalAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncreaseDecreaseInOperatingCapitalAbstract", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Change in operating assets and liabilities:", "label": "Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital [Abstract]" } } }, "auth_ref": [] }, "us-gaap_IncreaseDecreaseInOtherOperatingAssets": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncreaseDecreaseInOtherOperatingAssets", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0, "order": 8.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Increase in operating assets", "label": "Increase (Decrease) in Other Operating Assets", "documentation": "Amount of increase (decrease) in operating assets classified as other." } } }, "auth_ref": [ "r6" ] }, "us-gaap_IncreaseDecreaseInOtherOperatingLiabilities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncreaseDecreaseInOtherOperatingLiabilities", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 9.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Increase (decrease) in operating liabilities", "label": "Increase (Decrease) in Other Operating Liabilities", "documentation": "Amount of increase (decrease) in operating liabilities classified as other." } } }, "auth_ref": [ "r6" ] }, "us-gaap_IncreaseDecreaseInStockholdersEquityRollForward": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncreaseDecreaseInStockholdersEquityRollForward", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Increase (Decrease) in Stockholders' Equity [Roll Forward]", "label": "Increase (Decrease) in Stockholders' Equity [Roll Forward]", "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period." } } }, "auth_ref": [] }, "us-gaap_IncreaseDecreaseInTemporaryEquityRollForward": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncreaseDecreaseInTemporaryEquityRollForward", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInOutstandingSharesOfRedeemableCommonStockDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInRedeemableCommonStockDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Redeemable Common Stock", "verboseLabel": "Increase (Decrease) in Temporary Equity [Roll Forward]", "label": "Increase (Decrease) in Temporary Equity [Roll Forward]", "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period." } } }, "auth_ref": [] }, "us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncrementalCommonSharesAttributableToShareBasedPaymentArrangements", "calculation": { "http://invesco.com/role/EarningsperCommonShareDetails": { "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/EarningsperCommonShareDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Effect of dilutive restricted stock awards (in shares)", "label": "Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements", "documentation": "Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method." } } }, "auth_ref": [ "r176", "r177", "r178", "r183", "r357" ] }, "ecd_IndividualAxis": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "IndividualAxis", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure", "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure", "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements", "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Individual:", "label": "Individual [Axis]" } } }, "auth_ref": [ "r975", "r985", "r995", "r1019", "r1027", "r1031", "r1039" ] }, "srt_IndustrialPropertyMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "IndustrialPropertyMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Industrial", "label": "Industrial Property [Member]" } } }, "auth_ref": [ "r1278", "r1279", "r1280", "r1281", "r1282" ] }, "ecd_InsiderTradingArrLineItems": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "InsiderTradingArrLineItems", "lang": { "en-us": { "role": { "label": "Insider Trading Arrangements [Line Items]" } } }, "auth_ref": [ "r1037" ] }, "ecd_InsiderTradingPoliciesProcLineItems": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "InsiderTradingPoliciesProcLineItems", "lang": { "en-us": { "role": { "label": "Insider Trading Policies and Procedures [Line Items]" } } }, "auth_ref": [ "r967", "r1043" ] }, "ecd_InsiderTrdPoliciesProcAdoptedFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "InsiderTrdPoliciesProcAdoptedFlag", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingPoliciesProc" ], "lang": { "en-us": { "role": { "terseLabel": "Insider Trading Policies and Procedures Adopted", "label": "Insider Trading Policies and Procedures Adopted [Flag]" } } }, "auth_ref": [ "r967", "r1043" ] }, "ecd_InsiderTrdPoliciesProcNotAdoptedTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "InsiderTrdPoliciesProcNotAdoptedTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingPoliciesProc" ], "lang": { "en-us": { "role": { "terseLabel": "Insider Trading Policies and Procedures Not Adopted", "label": "Insider Trading Policies and Procedures Not Adopted [Text Block]" } } }, "auth_ref": [ "r967", "r1043" ] }, "incref_InstrumentsOtherThanCollateralizedLoanObligationsMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "InstrumentsOtherThanCollateralizedLoanObligationsMember", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Instruments Other Than Collateralized Loan Obligations", "label": "Instruments Other Than Collateralized Loan Obligations [Member]", "documentation": "Instruments Other Than Collateralized Loan Obligations" } } }, "auth_ref": [] }, "us-gaap_InterestExpenseOperating": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InterestExpenseOperating", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_InterestIncomeExpenseNet", "weight": -1.0, "order": 3.0 } }, "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsNarrativeDetails", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Interest expense", "terseLabel": "Interest expense", "label": "Interest Expense, Operating", "documentation": "Amount of interest expense classified as operating." } } }, "auth_ref": [ "r204", "r657", "r867", "r1077" ] }, "us-gaap_InterestIncomeExpenseNet": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InterestIncomeExpenseNet", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_ProfitLoss", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "totalLabel": "Net interest income", "label": "Interest Income (Expense), Operating", "documentation": "Amount of interest income (expense) classified as operating." } } }, "auth_ref": [ "r653", "r867", "r1105" ] }, "us-gaap_InterestIncomeExpenseNetAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InterestIncomeExpenseNetAbstract", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Net Interest Income", "label": "Interest Income (Expense), Operating [Abstract]" } } }, "auth_ref": [] }, "us-gaap_InterestIncomeOperating": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InterestIncomeOperating", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_InterestIncomeExpenseNet", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsNarrativeDetails", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Interest income", "label": "Interest Income, Operating", "documentation": "Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities." } } }, "auth_ref": [ "r203", "r663", "r664", "r768", "r825", "r826", "r877", "r961", "r962", "r1076", "r1277" ] }, "us-gaap_InterestIncomeOther": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InterestIncomeOther", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_InterestIncomeExpenseNet", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Other interest income", "label": "Interest Income, Other", "documentation": "Amount of interest income earned from interest bearing assets classified as other." } } }, "auth_ref": [ "r867" ] }, "us-gaap_InterestPaidNet": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InterestPaidNet", "crdr": "credit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Interest paid", "label": "Interest Paid, Excluding Capitalized Interest, Operating Activity", "documentation": "Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount." } } }, "auth_ref": [ "r136", "r139", "r140" ] }, "us-gaap_InterestPayableCurrentAndNoncurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InterestPayableCurrentAndNoncurrent", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 5.0 } }, "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Interest payable", "label": "Interest Payable", "documentation": "Amount of interest payable on debt, including, but not limited to, trade payables." } } }, "auth_ref": [ "r93", "r1226" ] }, "us-gaap_InterestReceivable": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InterestReceivable", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_Assets", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Interest receivable", "label": "Interest Receivable", "documentation": "Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable." } } }, "auth_ref": [ "r1063", "r1272" ] }, "incref_InvescoAdvisersInc.Member": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "InvescoAdvisersInc.Member", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Invesco Advisers, Inc.", "label": "Invesco Advisers, Inc. [Member]", "documentation": "Invesco Advisers, Inc." } } }, "auth_ref": [] }, "incref_InvescoRealtyInc.Member": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "InvescoRealtyInc.Member", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Invesco Realty, Inc.", "label": "Invesco Realty, Inc. [Member]", "documentation": "Invesco Realty, Inc." } } }, "auth_ref": [] }, "incref_InvescoSubscriptionAgreementMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "InvescoSubscriptionAgreementMember", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Invesco Subscription Agreement", "label": "Invesco Subscription Agreement [Member]", "documentation": "Invesco Subscription Agreement" } } }, "auth_ref": [] }, "us-gaap_InvestmentTypeAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InvestmentTypeAxis", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofInvestmentsinCommercialRealEstateLoansDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Investment Type [Axis]", "label": "Investment Type [Axis]", "documentation": "Information by type of investments." } } }, "auth_ref": [ "r724", "r726", "r727", "r730", "r733", "r799", "r802", "r805", "r809", "r810", "r822", "r827", "r828", "r829", "r830", "r831", "r953" ] }, "us-gaap_InvestmentTypeCategorizationMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InvestmentTypeCategorizationMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofInvestmentsinCommercialRealEstateLoansDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Investments [Domain]", "label": "Investments [Domain]", "documentation": "Asset obtained to generate income or appreciate in value." } } }, "auth_ref": [ "r724", "r726", "r727", "r730", "r733", "r799", "r802", "r805", "r809", "r810", "r822", "r827", "r828", "r829", "r830", "r831", "r953" ] }, "us-gaap_LegalFees": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LegalFees", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_NoninterestExpense", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Organizational costs", "label": "Legal Fees", "documentation": "The amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings." } } }, "auth_ref": [ "r1051", "r1265", "r1267" ] }, "us-gaap_Liabilities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "Liabilities", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical" ], "lang": { "en-us": { "role": { "totalLabel": "Total liabilities", "label": "Liabilities", "documentation": "Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others." } } }, "auth_ref": [ "r14", "r54", "r55", "r56", "r58", "r59", "r60", "r61", "r144", "r148", "r149", "r251", "r276", "r277", "r278", "r279", "r280", "r281", "r282", "r283", "r284", "r413", "r417", "r418", "r531", "r744", "r873", "r891", "r964", "r1121", "r1213", "r1214" ] }, "us-gaap_LiabilitiesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LiabilitiesAbstract", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails" ], "lang": { "en-us": { "role": { "terseLabel": "LIABILITIES", "verboseLabel": "Liabilities:", "label": "Liabilities [Abstract]" } } }, "auth_ref": [] }, "us-gaap_LiabilitiesAndStockholdersEquity": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LiabilitiesAndStockholdersEquity", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "totalLabel": "Total liabilities, redeemable common stock and equity", "label": "Liabilities and Equity", "documentation": "Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any." } } }, "auth_ref": [ "r69", "r98", "r677", "r937", "r949", "r950", "r1081", "r1087", "r1111", "r1199" ] }, "us-gaap_LiabilitiesAndStockholdersEquityAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LiabilitiesAndStockholdersEquityAbstract", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Liabilities and Equity", "label": "Liabilities and Equity [Abstract]" } } }, "auth_ref": [] }, "us-gaap_LiabilitiesFairValueDisclosure": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LiabilitiesFairValueDisclosure", "crdr": "credit", "calculation": { "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails" ], "lang": { "en-us": { "role": { "totalLabel": "Total liabilities", "label": "Liabilities, Fair Value Disclosure", "documentation": "Fair value of financial and nonfinancial obligations." } } }, "auth_ref": [ "r500", "r1178" ] }, "us-gaap_LineOfCredit": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LineOfCredit", "crdr": "credit", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Amount outstanding", "label": "Long-Term Line of Credit", "documentation": "The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement." } } }, "auth_ref": [ "r14", "r95", "r1227" ] }, "incref_LineOfCreditFacilityArrangerFeePercentage": { "xbrltype": "percentItemType", "nsuri": "http://invesco.com/20260331", "localname": "LineOfCreditFacilityArrangerFeePercentage", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Arranger fee (in percent)", "label": "Line of Credit Facility, Arranger Fee Percentage", "documentation": "Line of Credit Facility, Arranger Fee Percentage" } } }, "auth_ref": [] }, "us-gaap_LineOfCreditFacilityAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LineOfCreditFacilityAxis", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Lender Name [Axis]", "label": "Lender Name [Axis]", "documentation": "Information by name of lender, which may be a single entity (for example, but not limited to, a bank, pension fund, venture capital firm) or a group of entities that participate in the line of credit." } } }, "auth_ref": [ "r53", "r57", "r1081", "r1085", "r1118", "r1119" ] }, "us-gaap_LineOfCreditFacilityCommitmentFeePercentage": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LineOfCreditFacilityCommitmentFeePercentage", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Commitment fee (in percent)", "label": "Line of Credit Facility, Commitment Fee Percentage", "documentation": "The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used." } } }, "auth_ref": [] }, "incref_LineOfCreditFacilityDueOnDemandTradingDaysAfterNoticeThreshold": { "xbrltype": "integerItemType", "nsuri": "http://invesco.com/20260331", "localname": "LineOfCreditFacilityDueOnDemandTradingDaysAfterNoticeThreshold", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Threshold business days", "label": "Line of Credit Facility, Due On Demand, Trading Days After Notice, Threshold", "documentation": "Line of Credit Facility, Due On Demand, Trading Days After Notice, Threshold" } } }, "auth_ref": [] }, "incref_LineOfCreditFacilityDuePeriodPriorToLastIssuanceDate": { "xbrltype": "integerItemType", "nsuri": "http://invesco.com/20260331", "localname": "LineOfCreditFacilityDuePeriodPriorToLastIssuanceDate", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Threshold days", "label": "Line of Credit Facility, Due, Period Prior To Last Issuance Date", "documentation": "Line of Credit Facility, Due, Period Prior To Last Issuance Date" } } }, "auth_ref": [] }, "incref_LineOfCreditFacilityDueTermFromIssuance": { "xbrltype": "durationItemType", "nsuri": "http://invesco.com/20260331", "localname": "LineOfCreditFacilityDueTermFromIssuance", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Threshold years from issuance", "label": "Line of Credit Facility, Due, Term From Issuance", "documentation": "Line of Credit Facility, Due, Term From Issuance" } } }, "auth_ref": [] }, "incref_LineOfCreditFacilityDueTradingDaysAfterNotice": { "xbrltype": "integerItemType", "nsuri": "http://invesco.com/20260331", "localname": "LineOfCreditFacilityDueTradingDaysAfterNotice", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Threshold years from after notice", "label": "Line of Credit Facility, Due, Trading Days After Notice", "documentation": "Line of Credit Facility, Due, Trading Days After Notice" } } }, "auth_ref": [] }, "us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LineOfCreditFacilityFairValueOfAmountOutstanding", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Revolving credit facility, at fair value", "label": "Line of Credit Facility, Fair Value of Amount Outstanding", "documentation": "Fair value of the amount outstanding under the credit facility." } } }, "auth_ref": [ "r1194" ] }, "us-gaap_LineOfCreditFacilityIncreaseDecreaseForPeriodNet": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LineOfCreditFacilityIncreaseDecreaseForPeriodNet", "crdr": "credit", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Added capacity", "label": "Line of Credit Facility, Increase (Decrease), Net", "documentation": "Amount of increase (decrease) of the credit facility." } } }, "auth_ref": [ "r1081", "r1085" ] }, "us-gaap_LineOfCreditFacilityLenderDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LineOfCreditFacilityLenderDomain", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Line of Credit Facility, Lender [Domain]", "label": "Line of Credit Facility, Lender [Domain]", "documentation": "Identification of the lender, which may be a single entity (for example, a bank, pension fund, venture capital firm) or a group of entities that participate in the line of credit, including a letter of credit facility." } } }, "auth_ref": [ "r53", "r57", "r1081", "r1085", "r1118", "r1119" ] }, "us-gaap_LineOfCreditFacilityLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LineOfCreditFacilityLineItems", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Line of Credit Facility [Line Items]", "label": "Line of Credit Facility [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r275", "r1081", "r1085", "r1118" ] }, "us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LineOfCreditFacilityMaximumBorrowingCapacity", "crdr": "credit", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Maximum Facility Size", "terseLabel": "Maximum borrowings", "label": "Line of Credit Facility, Maximum Borrowing Capacity", "documentation": "Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility." } } }, "auth_ref": [ "r53", "r57" ] }, "us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LineOfCreditFacilityRemainingBorrowingCapacity", "crdr": "credit", "presentation": [ "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Available Capacity", "label": "Line of Credit Facility, Remaining Borrowing Capacity", "documentation": "Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding)." } } }, "auth_ref": [ "r53", "r57", "r275" ] }, "us-gaap_LineOfCreditFacilityTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LineOfCreditFacilityTable", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Line of Credit Facility [Table]", "label": "Line of Credit Facility [Table]", "documentation": "Disclosure of information about short-term and long-term contractual arrangements with lender under which borrowing can occur up to maximum amount. Includes, but is not limited to, letter of credit, standby letter of credit, and revolving credit arrangement." } } }, "auth_ref": [ "r53", "r57", "r275", "r1081", "r1085", "r1118" ] }, "us-gaap_LineOfCreditMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LineOfCreditMember", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Line of Credit", "label": "Line of Credit [Member]", "documentation": "A contractual arrangement with a lender under which borrowings can be made up to a specific amount at any point in time, and under which borrowings outstanding may be either short-term or long-term, depending upon the particulars." } } }, "auth_ref": [] }, "incref_LineofCreditFacilityAccordionFeatureIncreaseLimit": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "LineofCreditFacilityAccordionFeatureIncreaseLimit", "crdr": "credit", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Accordion feature, increase limit", "label": "Line of Credit Facility, Accordion Feature, Increase Limit", "documentation": "Line of credit facility, accordion feature, increase limit, subject to certain conditions by obtaining additional commitments from existing and/or new lenders." } } }, "auth_ref": [] }, "incref_LoanServicerMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "LoanServicerMember", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails", "http://invesco.com/role/SummaryofSignificantAccountingPoliciesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Loan Servicer", "label": "Loan Servicer [Member]", "documentation": "Loan Servicer" } } }, "auth_ref": [] }, "dei_LocalPhoneNumber": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "LocalPhoneNumber", "presentation": [ "http://invesco.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Local Phone Number", "label": "Local Phone Number", "documentation": "Local phone number for entity." } } }, "auth_ref": [] }, "us-gaap_LongTermDebt": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebt", "crdr": "credit", "calculation": { "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails", "http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Amount Outstanding", "verboseLabel": "Outstanding Principal", "totalLabel": "Total", "label": "Long-Term Debt", "documentation": "Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation." } } }, "auth_ref": [ "r14", "r95", "r145", "r154", "r298", "r312", "r662", "r887", "r888", "r936", "r1227" ] }, "us-gaap_LongTermDebtFairValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebtFairValue", "crdr": "credit", "calculation": { "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails": { "parentTag": "us-gaap_LiabilitiesFairValueDisclosure", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Fair Value", "terseLabel": "Borrowings", "label": "Long-Term Debt, Fair Value", "documentation": "The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission." } } }, "auth_ref": [ "r858", "r932", "r1178", "r1180", "r1181", "r1182", "r1194", "r1195", "r1196", "r1198" ] }, "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive", "crdr": "credit", "calculation": { "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails": { "parentTag": "us-gaap_LongTermDebt", "weight": 1.0, "order": 5.0 } }, "presentation": [ "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Thereafter", "label": "Long-Term Debt, Maturity, after Year Five", "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing after fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)." } } }, "auth_ref": [ "r8", "r1082", "r1091", "r1127", "r1225" ] }, "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths", "crdr": "credit", "calculation": { "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails": { "parentTag": "us-gaap_LongTermDebt", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "2027", "label": "Long-Term Debt, Maturity, Year One", "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)." } } }, "auth_ref": [ "r8", "r145", "r154", "r303", "r662" ] }, "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive", "crdr": "credit", "calculation": { "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails": { "parentTag": "us-gaap_LongTermDebt", "weight": 1.0, "order": 6.0 } }, "presentation": [ "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "2031", "label": "Long-Term Debt, Maturity, Year Five", "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)." } } }, "auth_ref": [ "r8", "r145", "r154", "r303", "r662" ] }, "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour", "crdr": "credit", "calculation": { "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails": { "parentTag": "us-gaap_LongTermDebt", "weight": 1.0, "order": 7.0 } }, "presentation": [ "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "2030", "label": "Long-Term Debt, Maturity, Year Four", "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)." } } }, "auth_ref": [ "r8", "r145", "r154", "r303", "r662" ] }, "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree", "crdr": "credit", "calculation": { "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails": { "parentTag": "us-gaap_LongTermDebt", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "2029", "label": "Long-Term Debt, Maturity, Year Three", "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)." } } }, "auth_ref": [ "r8", "r145", "r154", "r303", "r662" ] }, "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo", "crdr": "credit", "calculation": { "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails": { "parentTag": "us-gaap_LongTermDebt", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "2028", "label": "Long-Term Debt, Maturity, Year Two", "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)." } } }, "auth_ref": [ "r8", "r145", "r154", "r303", "r662" ] }, "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear", "crdr": "credit", "calculation": { "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails": { "parentTag": "us-gaap_LongTermDebt", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "2026 (remaining)", "label": "Long-Term Debt, Maturity, Remainder of Fiscal Year", "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in remainder of current fiscal year." } } }, "auth_ref": [ "r1082", "r1091" ] }, "us-gaap_LongTermDebtMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebtMember", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Long-Term Debt", "label": "Long-Term Debt [Member]", "documentation": "Debt arrangement having an initial term longer than one year or beyond the normal operating cycle, if longer." } } }, "auth_ref": [] }, "incref_LongTermDebtNumberOfLenders": { "xbrltype": "integerItemType", "nsuri": "http://invesco.com/20260331", "localname": "LongTermDebtNumberOfLenders", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Number of financial institutions", "label": "Long-Term Debt, Number Of Lenders", "documentation": "Long-Term Debt, Number Of Lenders" } } }, "auth_ref": [] }, "incref_LongTermDebtTermExtensionOptionsTerm": { "xbrltype": "durationItemType", "nsuri": "http://invesco.com/20260331", "localname": "LongTermDebtTermExtensionOptionsTerm", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Extension option term (in years)", "label": "Long-Term Debt, Term, Extension Options, Term", "documentation": "Long-Term Debt, Term, Extension Options, Term" } } }, "auth_ref": [] }, "us-gaap_LongtermDebtTypeAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongtermDebtTypeAxis", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Long-Term Debt, Type [Axis]", "label": "Long-Term Debt, Type [Axis]", "documentation": "Information by type of long-term debt." } } }, "auth_ref": [ "r14", "r1113", "r1114", "r1115" ] }, "us-gaap_LongtermDebtTypeDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongtermDebtTypeDomain", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Long-Term Debt, Type [Domain]", "label": "Long-Term Debt, Type [Domain]", "documentation": "Type of long-term debt arrangement, such as notes, line of credit, commercial paper, asset-based financing, project financing, letter of credit financing. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer." } } }, "auth_ref": [ "r14", "r28", "r1113", "r1114", "r1115" ] }, "incref_ManagementAndIncentiveFeeExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "ManagementAndIncentiveFeeExpense", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_NoninterestExpense", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Management and performance fees - related party", "label": "Management And Incentive Fee Expense", "documentation": "Management And Incentive Fee Expense" } } }, "auth_ref": [] }, "us-gaap_ManagementAndServiceFeesBaseRate": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ManagementAndServiceFeesBaseRate", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Management and service fees, base rate (in percent)", "label": "Management and Service Fees, Base Rate", "documentation": "Base rate for management and service fees under arrangement to manage operations, including, but not limited to, investment." } } }, "auth_ref": [ "r1268" ] }, "us-gaap_ManagementAndServiceFeesIncentiveRate": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ManagementAndServiceFeesIncentiveRate", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Management and service fees, incentive rate (in percent)", "label": "Management and Service Fees, Incentive Rate", "documentation": "Rate based on performance for management and service fees under arrangement to manage operations, including, but not limited to, investment." } } }, "auth_ref": [ "r1268" ] }, "us-gaap_ManagementFeeExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ManagementFeeExpense", "crdr": "debit", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Management fees", "label": "Management Fee Expense", "documentation": "Amount of expense for investment management fee, including, but not limited to, expense in connection with research, selection, supervision, and custody of investment." } } }, "auth_ref": [ "r9", "r770", "r962", "r1263" ] }, "us-gaap_ManagementFeePayable": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ManagementFeePayable", "crdr": "credit", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Accrued management fees", "label": "Management Fee Payable", "documentation": "Amount of fee payable for management of fund or trust." } } }, "auth_ref": [ "r738" ] }, "incref_ManagementFeesMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "ManagementFeesMember", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsScheduleofComponentsofDuetoAffiliatesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Management fees", "label": "Management Fees [Member]", "documentation": "Management Fees" } } }, "auth_ref": [] }, "incref_MasterRepurchaseAgreementMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "MasterRepurchaseAgreementMember", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Master Repurchase Agreement", "label": "Master Repurchase Agreement [Member]", "documentation": "Master Repurchase Agreement" } } }, "auth_ref": [] }, "srt_MaximumMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "MaximumMember", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Maximum", "label": "Maximum [Member]" } } }, "auth_ref": [ "r197", "r270", "r271", "r272", "r273", "r355", "r381", "r382", "r383", "r392", "r503", "r616", "r687", "r688", "r695", "r734", "r735", "r800", "r803", "r807", "r808", "r823", "r839", "r840", "r842", "r843", "r856", "r857", "r882", "r892", "r900", "r902", "r903", "r904", "r923", "r924", "r928", "r929", "r947", "r1125", "r1215", "r1216", "r1217", "r1218", "r1219", "r1220" ] }, "ecd_MeasureAxis": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "MeasureAxis", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Measure:", "label": "Measure [Axis]" } } }, "auth_ref": [ "r1011" ] }, "ecd_MeasureName": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "MeasureName", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Name", "label": "Measure Name" } } }, "auth_ref": [ "r1011" ] }, "us-gaap_MeasurementInputDiscountRateMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "MeasurementInputDiscountRateMember", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Discount rate", "label": "Measurement Input, Discount Rate [Member]", "documentation": "Measurement input using interest rate to determine present value of future cash flows." } } }, "auth_ref": [ "r902", "r903", "r904", "r1180", "r1181", "r1182" ] }, "us-gaap_MeasurementInputExpectedTermMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "MeasurementInputExpectedTermMember", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Weighted Average Life (years)", "label": "Measurement Input, Expected Term [Member]", "documentation": "Measurement input using period financial instrument is expected to be outstanding. Excludes maturity date." } } }, "auth_ref": [ "r380", "r1180", "r1181", "r1182" ] }, "us-gaap_MeasurementInputTypeAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "MeasurementInputTypeAxis", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Measurement Input Type [Axis]", "label": "Measurement Input Type [Axis]", "documentation": "Information by type of measurement input used to determine value of asset and liability." } } }, "auth_ref": [ "r379", "r380", "r381", "r382", "r383", "r384", "r501", "r502", "r503", "r902", "r903", "r904", "r923" ] }, "us-gaap_MeasurementInputTypeDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "MeasurementInputTypeDomain", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Measurement Input Type [Domain]", "label": "Measurement Input Type [Domain]", "documentation": "Measurement input used to determine value of asset and liability." } } }, "auth_ref": [ "r501", "r502", "r503", "r902", "r903", "r904", "r923" ] }, "incref_MezzanineLoansMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "MezzanineLoansMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofInvestmentsinCommercialRealEstateLoansDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Mezzanine loans", "label": "Mezzanine Loans [Member]", "documentation": "Mezzanine Loans" } } }, "auth_ref": [] }, "us-gaap_MidwestRegionMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "MidwestRegionMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Midwest", "label": "US Midwest Region [Member]", "documentation": "Region of United States of America (US) designated as Midwest." } } }, "auth_ref": [ "r1273", "r1274", "r1275", "r1276" ] }, "srt_MinimumMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "MinimumMember", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Minimum", "label": "Minimum [Member]" } } }, "auth_ref": [ "r197", "r270", "r271", "r272", "r273", "r355", "r381", "r382", "r383", "r392", "r503", "r616", "r687", "r688", "r695", "r734", "r735", "r800", "r803", "r807", "r808", "r823", "r839", "r840", "r842", "r843", "r856", "r857", "r882", "r892", "r900", "r902", "r903", "r904", "r923", "r924", "r928", "r947", "r1125", "r1215", "r1216", "r1217", "r1218", "r1219", "r1220" ] }, "us-gaap_MinorityInterest": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "MinorityInterest", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Non-controlling interest", "label": "Equity, Attributable to Noncontrolling Interest", "documentation": "Amount of equity (deficit) attributable to noncontrolling interest. Excludes temporary equity." } } }, "auth_ref": [ "r68", "r97", "r144", "r148", "r149", "r251", "r276", "r278", "r279", "r280", "r283", "r284", "r676", "r748", "r1199" ] }, "us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders", "crdr": "debit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Distributions on non-controlling interest", "label": "Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders", "documentation": "Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders." } } }, "auth_ref": [ "r84" ] }, "ecd_MnpiDiscTimedForCompValFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "MnpiDiscTimedForCompValFlag", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "MNPI Disclosure Timed for Compensation Value", "label": "MNPI Disclosure Timed for Compensation Value [Flag]" } } }, "auth_ref": [ "r1030" ] }, "incref_MorganStanleyBankMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "MorganStanleyBankMember", "presentation": [ "http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Morgan Stanley Bank", "label": "Morgan Stanley Bank [Member]", "documentation": "Morgan Stanley Bank" } } }, "auth_ref": [] }, "srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Real Estate, Type of Property [Axis]", "label": "Real Estate, Type of Property [Axis]" } } }, "auth_ref": [ "r839", "r841", "r842", "r843", "r846", "r847", "r848", "r849", "r851", "r852", "r853", "r854", "r855" ] }, "srt_MortgageLoansOnRealEstateNamePropertyTypeDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "MortgageLoansOnRealEstateNamePropertyTypeDomain", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Real Estate [Domain]", "label": "Real Estate [Domain]" } } }, "auth_ref": [ "r839", "r841", "r842", "r843", "r846", "r847", "r848", "r849", "r851", "r852", "r853", "r854", "r855" ] }, "ecd_MtrlTermsOfTrdArrTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "MtrlTermsOfTrdArrTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Material Terms of Trading Arrangement", "label": "Material Terms of Trading Arrangement [Text Block]" } } }, "auth_ref": [ "r1038" ] }, "srt_MultifamilyMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "MultifamilyMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Multifamily", "label": "Multifamily [Member]" } } }, "auth_ref": [ "r1278", "r1279", "r1280", "r1281", "r1282" ] }, "ecd_NamedExecutiveOfficersFnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "NamedExecutiveOfficersFnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Named Executive Officers, Footnote", "label": "Named Executive Officers, Footnote [Text Block]" } } }, "auth_ref": [ "r1012" ] }, "us-gaap_NetCashProvidedByUsedInFinancingActivities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetCashProvidedByUsedInFinancingActivities", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "totalLabel": "Net cash provided by financing activities", "label": "Cash Provided by (Used in) Financing Activity, Including Discontinued Operation", "documentation": "Amount of cash inflow (outflow) from financing activity, including, but not limited to, discontinued operation. Financing activity includes, but is not limited to, obtaining resource from owner and providing return on, and return of, their investment; borrowing money and repaying amount borrowed, or settling obligation; and obtaining and paying for other resource obtained from creditor on long-term credit." } } }, "auth_ref": [ "r138" ] }, "us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetCashProvidedByUsedInFinancingActivitiesAbstract", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Cash flows from financing activities:", "label": "Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]" } } }, "auth_ref": [] }, "us-gaap_NetCashProvidedByUsedInInvestingActivities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetCashProvidedByUsedInInvestingActivities", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "totalLabel": "Net cash used in investing activities", "label": "Cash Provided by (Used in) Investing Activity, Including Discontinued Operation", "documentation": "Amount of cash inflow (outflow) from investing activity, including, but not limited to, discontinued operation. Investing activity includes, but is not limited to, making and collecting loan, acquiring and disposing of debt and equity instruments, property, plant, and equipment, and other productive assets." } } }, "auth_ref": [ "r138" ] }, "us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetCashProvidedByUsedInInvestingActivitiesAbstract", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Cash flows from investing activities:", "label": "Cash Provided by (Used in) Investing Activity, Including Discontinued Operation [Abstract]" } } }, "auth_ref": [] }, "us-gaap_NetCashProvidedByUsedInOperatingActivities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetCashProvidedByUsedInOperatingActivities", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "totalLabel": "Net cash provided by operating activities", "label": "Cash Provided by (Used in) Operating Activity, Including Discontinued Operation", "documentation": "Amount of cash inflow (outflow) from operating activity, including, but not limited to, discontinued operation. Operating activity includes, but is not limited to, transaction, adjustment, and change in value not defined as investing or financing activity." } } }, "auth_ref": [ "r75", "r76", "r77" ] }, "us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetCashProvidedByUsedInOperatingActivitiesAbstract", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Cash flows from operating activities:", "label": "Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract]" } } }, "auth_ref": [] }, "us-gaap_NetIncomeLossAttributableToNoncontrollingInterest": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetIncomeLossAttributableToNoncontrollingInterest", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Net income (loss) attributable to non-controlling interest", "label": "Net Income (Loss) Attributable to Noncontrolling Interest", "documentation": "Amount of Net Income (Loss) attributable to noncontrolling interest." } } }, "auth_ref": [ "r49", "r87", "r122", "r124", "r166", "r169", "r170", "r680", "r1075" ] }, "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetIncomeLossAvailableToCommonStockholdersBasic", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/EarningsperCommonShareDetails" ], "lang": { "en-us": { "role": { "totalLabel": "Net income (loss) available to common stockholders", "terseLabel": "Net income (loss) available to common stockholders", "label": "Net Income (Loss) Available to Common Stockholders, Basic", "documentation": "Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders." } } }, "auth_ref": [ "r111", "r133", "r162", "r163", "r164", "r165", "r172", "r173", "r180", "r183", "r317", "r320", "r325", "r410" ] }, "incref_NewStapledUnitsMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "NewStapledUnitsMember", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "New Stapled Units", "label": "New Stapled Units [Member]", "documentation": "New Stapled Units" } } }, "auth_ref": [] }, "ecd_NonGaapMeasureDescriptionTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "NonGaapMeasureDescriptionTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Non-GAAP Measure Description", "label": "Non-GAAP Measure Description [Text Block]" } } }, "auth_ref": [ "r1011" ] }, "ecd_NonNeosMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "NonNeosMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Non-NEOs", "label": "Non-NEOs [Member]" } } }, "auth_ref": [ "r975", "r985", "r995", "r1019", "r1027" ] }, "ecd_NonPeoNeoAvgCompActuallyPaidAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "NonPeoNeoAvgCompActuallyPaidAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Non-PEO NEO Average Compensation Actually Paid Amount", "label": "Non-PEO NEO Average Compensation Actually Paid Amount" } } }, "auth_ref": [ "r1002" ] }, "ecd_NonPeoNeoAvgTotalCompAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "NonPeoNeoAvgTotalCompAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Non-PEO NEO Average Total Compensation Amount", "label": "Non-PEO NEO Average Total Compensation Amount" } } }, "auth_ref": [ "r1001" ] }, "ecd_NonPeoNeoMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "NonPeoNeoMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Non-PEO NEO", "label": "Non-PEO NEO [Member]" } } }, "auth_ref": [ "r1019" ] }, "ecd_NonRule10b51ArrAdoptedFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "NonRule10b51ArrAdoptedFlag", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Non-Rule 10b5-1 Arrangement Adopted", "label": "Non-Rule 10b5-1 Arrangement Adopted [Flag]" } } }, "auth_ref": [ "r1038" ] }, "ecd_NonRule10b51ArrTrmntdFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "NonRule10b51ArrTrmntdFlag", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Non-Rule 10b5-1 Arrangement Terminated", "label": "Non-Rule 10b5-1 Arrangement Terminated [Flag]" } } }, "auth_ref": [ "r1038" ] }, "us-gaap_NonUsMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NonUsMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsNarrativeDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Non-US", "label": "Non-US [Member]", "documentation": "Countries excluding the United States of America (US)." } } }, "auth_ref": [ "r1273", "r1274", "r1275", "r1276" ] }, "incref_NoncashOrPartNoncashOfferingCostsIncludedInEquity": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "NoncashOrPartNoncashOfferingCostsIncludedInEquity", "crdr": "debit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Offering costs due to affiliates", "label": "Noncash Or Part Noncash, Offering Costs Included In Equity", "documentation": "Noncash Or Part Noncash, Offering Costs Included In Equity" } } }, "auth_ref": [] }, "us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest", "crdr": "credit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Proceeds from non-controlling interest, net of offering costs", "label": "Noncontrolling Interest, Increase from Sale of Parent Equity Interest", "documentation": "Amount of increase in noncontrolling interest from sale of a portion of the parent's controlling interest." } } }, "auth_ref": [ "r11", "r37", "r86" ] }, "us-gaap_NoncontrollingInterestMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NoncontrollingInterestMember", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Non-Controlling Interest", "label": "Noncontrolling Interest [Member]", "documentation": "This element represents that portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to the parent. A noncontrolling interest is sometimes called a minority interest." } } }, "auth_ref": [ "r39", "r342", "r1092", "r1093", "r1094", "r1095", "r1270" ] }, "us-gaap_NondesignatedMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NondesignatedMember", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofFairValueofourCurrencyForwardContractsDetails", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Not Designated as Hedging Instrument", "label": "Not Designated as Hedging Instrument [Member]", "documentation": "Derivative instrument not designated as hedging instrument under Generally Accepted Accounting Principles (GAAP)." } } }, "auth_ref": [] }, "us-gaap_NoninterestExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NoninterestExpense", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_ProfitLoss", "weight": -1.0, "order": 3.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "totalLabel": "Total expenses", "label": "Noninterest Expense", "documentation": "Total aggregate amount of all noninterest expense." } } }, "auth_ref": [ "r100", "r867" ] }, "us-gaap_NoninterestIncome": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NoninterestIncome", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_ProfitLoss", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "totalLabel": "Total other income (expense), net", "label": "Noninterest Income", "documentation": "The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified." } } }, "auth_ref": [ "r99", "r867" ] }, "us-gaap_NoninterestIncomeOther": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NoninterestIncomeOther", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_NoninterestIncome", "weight": 1.0, "order": 6.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Other income and (expense), net", "label": "Noninterest Income, Other", "documentation": "Represents the total of noninterest income derived from certain activities and assets including (for example): (1) venture capital investments; (2) bank owned life insurance; (3) foreign currency transactions; and (4) mortgage servicing rights." } } }, "auth_ref": [ "r99" ] }, "us-gaap_NonoperatingIncomeExpenseAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NonoperatingIncomeExpenseAbstract", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Other Income (Expense)", "label": "Nonoperating Income (Expense) [Abstract]" } } }, "auth_ref": [] }, "us-gaap_NonrelatedPartyMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NonrelatedPartyMember", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Nonrelated Party", "label": "Nonrelated Party [Member]", "documentation": "Party not related to reporting entity." } } }, "auth_ref": [ "r1081", "r1088", "r1089" ] }, "us-gaap_NumberOfOperatingSegments": { "xbrltype": "integerItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NumberOfOperatingSegments", "presentation": [ "http://invesco.com/role/OrganizationandBusinessPurposeDetails", "http://invesco.com/role/SegmentReportingDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Number of operating segments", "label": "Number of Operating Segments", "documentation": "Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues." } } }, "auth_ref": [ "r878", "r1104" ] }, "incref_OperatingExpenseReimbursementMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "OperatingExpenseReimbursementMember", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsScheduleofComponentsofDuetoAffiliatesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Reimbursable operating expenses", "label": "Operating Expense Reimbursement [Member]", "documentation": "Operating Expense Reimbursement" } } }, "auth_ref": [] }, "us-gaap_OperatingExpensesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OperatingExpensesAbstract", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Expenses", "label": "Operating Expenses [Abstract]" } } }, "auth_ref": [] }, "us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract", "lang": { "en-us": { "role": { "label": "Organization, Consolidation and Presentation of Financial Statements [Abstract]" } } }, "auth_ref": [] }, "us-gaap_OtherAssets": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OtherAssets", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_Assets", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/SubsequentEventsNarrativeDetails", "http://invesco.com/role/SummaryofSignificantAccountingPoliciesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Other assets", "label": "Other Assets", "documentation": "Amount of assets classified as other." } } }, "auth_ref": [ "r89", "r114", "r667", "r878", "r949", "r950", "r964" ] }, "us-gaap_OtherCommitmentsLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OtherCommitmentsLineItems", "presentation": [ "http://invesco.com/role/CommitmentsandContingenciesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Other Commitments [Line Items]", "label": "Other Commitments [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [] }, "us-gaap_OtherCommitmentsTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OtherCommitmentsTable", "presentation": [ "http://invesco.com/role/CommitmentsandContingenciesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Other Commitments [Table]", "label": "Other Commitments [Table]", "documentation": "Disclosure of information about obligations resulting from other commitments." } } }, "auth_ref": [] }, "us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Currency translation adjustment", "terseLabel": "Foreign currency translation adjustment", "label": "Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax", "documentation": "Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature." } } }, "auth_ref": [ "r2", "r681" ] }, "us-gaap_OtherLiabilities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OtherLiabilities", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 9.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofComponentsofDuetoAffiliatesDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Due to affiliates", "terseLabel": "Other liabilities", "label": "Other Liabilities", "documentation": "Amount of liabilities classified as other." } } }, "auth_ref": [ "r94", "r669", "r740", "r741", "r891", "r949", "r950", "r964", "r1228", "r1261" ] }, "ecd_OtherPerfMeasureAmt": { "xbrltype": "decimalItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "OtherPerfMeasureAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Other Performance Measure, Amount", "label": "Other Performance Measure, Amount" } } }, "auth_ref": [ "r1011" ] }, "us-gaap_OtherSundryLiabilities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OtherSundryLiabilities", "crdr": "credit", "calculation": { "http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails": { "parentTag": "incref_AccountsPayableAccruedLiabilitiesAndOtherLiabilities", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Other liabilities", "label": "Other Sundry Liabilities", "documentation": "The aggregate carrying amount, as of the balance sheets date, of obligations not otherwise itemized or categorized in the footnotes to the financial statements." } } }, "auth_ref": [ "r55", "r59", "r94" ] }, "ecd_OutstandingAggtErrCompAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "OutstandingAggtErrCompAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Outstanding Aggregate Erroneous Compensation Amount", "label": "Outstanding Aggregate Erroneous Compensation Amount" } } }, "auth_ref": [ "r973", "r983", "r993", "r1025" ] }, "ecd_OutstandingRecoveryCompAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "OutstandingRecoveryCompAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Compensation Amount", "label": "Outstanding Recovery Compensation Amount" } } }, "auth_ref": [ "r976", "r986", "r996", "r1028" ] }, "ecd_OutstandingRecoveryIndName": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "OutstandingRecoveryIndName", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Name", "label": "Outstanding Recovery, Individual Name" } } }, "auth_ref": [ "r976", "r986", "r996", "r1028" ] }, "us-gaap_ParentMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ParentMember", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Total Stockholders' Equity", "label": "Parent [Member]", "documentation": "Portion of equity, or net assets, in the consolidated entity attributable, directly or indirectly, to the parent. Excludes noncontrolling interests." } } }, "auth_ref": [] }, "ecd_PayVsPerformanceDisclosureLineItems": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PayVsPerformanceDisclosureLineItems", "lang": { "en-us": { "role": { "label": "Pay vs Performance Disclosure [Line Items]" } } }, "auth_ref": [ "r1000" ] }, "us-gaap_PayablesAndAccrualsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PayablesAndAccrualsAbstract", "lang": { "en-us": { "role": { "label": "Payables and Accruals [Abstract]" } } }, "auth_ref": [] }, "incref_PaymentForManagementFeesMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "PaymentForManagementFeesMember", "presentation": [ "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Payment For Management Fees", "label": "Payment For Management Fees [Member]", "documentation": "Payment For Management Fees" } } }, "auth_ref": [] }, "us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PaymentsForProceedsFromDerivativeInstrumentInvestingActivities", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0, "order": 3.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Settlement of foreign currency forward contracts, net", "label": "Payments for (Proceeds from) Derivative Instrument, Investing Activities", "documentation": "The net cash outflow or inflow from derivative instruments during the period, which are classified as investing activities, excluding those designated as hedging instruments." } } }, "auth_ref": [] }, "us-gaap_PaymentsForRepurchaseOfCommonStock": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PaymentsForRepurchaseOfCommonStock", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0, "order": 7.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Repurchase of common stock", "label": "Payments for Repurchase of Common Stock", "documentation": "The cash outflow to reacquire common stock during the period." } } }, "auth_ref": [ "r73" ] }, "us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PaymentsForRepurchaseOfPreferredStockAndPreferenceStock", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0, "order": 9.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "negatedLabel": "Redemption of preferred stock", "label": "Payments for Repurchase of Preferred Stock and Preference Stock", "documentation": "The cash outflow to reacquire preferred stock during the period." } } }, "auth_ref": [ "r73" ] }, "incref_PaymentsForRepurchaseOfTemporaryEquity": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "PaymentsForRepurchaseOfTemporaryEquity", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0, "order": 8.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Repurchase of redeemable common stock", "label": "Payments For Repurchase Of Temporary Equity", "documentation": "Payments For Repurchase Of Temporary Equity" } } }, "auth_ref": [] }, "us-gaap_PaymentsOfDebtIssuanceCosts": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PaymentsOfDebtIssuanceCosts", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0, "order": 11.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Cash paid for debt issuance costs", "label": "Payments of Debt Issuance Costs", "documentation": "The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt." } } }, "auth_ref": [ "r21" ] }, "us-gaap_PaymentsOfDividends": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PaymentsOfDividends", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0, "order": 12.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Payments of dividends", "label": "Payments of Dividends", "documentation": "Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests." } } }, "auth_ref": [ "r73" ] }, "incref_PaymentsToOriginateAssetsFairValueOption": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "PaymentsToOriginateAssetsFairValueOption", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Originations, funding, and purchases of assets at fair value", "label": "Payments to Originate Assets, Fair Value, Option", "documentation": "Payments to Originate Assets, Fair Value, Option" } } }, "auth_ref": [] }, "ecd_PeerGroupIssuersFnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PeerGroupIssuersFnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Peer Group Issuers, Footnote", "label": "Peer Group Issuers, Footnote [Text Block]" } } }, "auth_ref": [ "r1010" ] }, "ecd_PeerGroupTotalShareholderRtnAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PeerGroupTotalShareholderRtnAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Peer Group Total Shareholder Return Amount", "label": "Peer Group Total Shareholder Return Amount" } } }, "auth_ref": [ "r1010" ] }, "ecd_PeoActuallyPaidCompAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PeoActuallyPaidCompAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "PEO Actually Paid Compensation Amount", "label": "PEO Actually Paid Compensation Amount" } } }, "auth_ref": [ "r1002" ] }, "ecd_PeoMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PeoMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "PEO", "label": "PEO [Member]" } } }, "auth_ref": [ "r1019" ] }, "ecd_PeoName": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PeoName", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "PEO Name", "label": "PEO Name" } } }, "auth_ref": [ "r1012" ] }, "ecd_PeoTotalCompAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PeoTotalCompAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "PEO Total Compensation Amount", "label": "PEO Total Compensation Amount" } } }, "auth_ref": [ "r1001" ] }, "incref_PerformanceFeePerformanceFeeIncomeThresholdPeriod": { "xbrltype": "durationItemType", "nsuri": "http://invesco.com/20260331", "localname": "PerformanceFeePerformanceFeeIncomeThresholdPeriod", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Performance fee, period to measure performance fee income", "label": "Performance Fee, Performance Fee Income Threshold, Period", "documentation": "Performance Fee, Performance Fee Income Threshold, Period" } } }, "auth_ref": [] }, "incref_PerformanceFeesMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "PerformanceFeesMember", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsScheduleofComponentsofDuetoAffiliatesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Performance fees", "label": "Performance Fees [Member]", "documentation": "Performance Fees" } } }, "auth_ref": [] }, "us-gaap_PlanNameAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PlanNameAxis", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Plan Name [Axis]", "label": "Plan Name [Axis]", "documentation": "Information by plan name for share-based payment arrangement." } } }, "auth_ref": [ "r1136", "r1137", "r1138", "r1139", "r1140", "r1141", "r1142", "r1143", "r1144", "r1145", "r1146", "r1147", "r1148", "r1149", "r1150", "r1151", "r1152", "r1153", "r1154", "r1155", "r1156", "r1157", "r1158", "r1159", "r1160", "r1161" ] }, "us-gaap_PlanNameDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PlanNameDomain", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Plan Name [Domain]", "label": "Plan Name [Domain]", "documentation": "Plan name for share-based payment arrangement." } } }, "auth_ref": [ "r1136", "r1137", "r1138", "r1139", "r1140", "r1141", "r1142", "r1143", "r1144", "r1145", "r1146", "r1147", "r1148", "r1149", "r1150", "r1151", "r1152", "r1153", "r1154", "r1155", "r1156", "r1157", "r1158", "r1159", "r1160", "r1161" ] }, "us-gaap_PledgedStatusAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PledgedStatusAxis", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsNarrativeDetails", "http://invesco.com/role/CollateralizedLoanObligationsScheduleofCollateralizedLoanObligationsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Pledged Status [Axis]", "label": "Pledged Status [Axis]", "documentation": "Information by pledged or not pledged status of asset owned by entity." } } }, "auth_ref": [ "r144", "r146", "r412", "r737", "r905" ] }, "us-gaap_PledgedStatusDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PledgedStatusDomain", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsNarrativeDetails", "http://invesco.com/role/CollateralizedLoanObligationsScheduleofCollateralizedLoanObligationsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Pledged Status [Domain]", "label": "Pledged Status [Domain]", "documentation": "Pledged or not pledged status of asset owned by entity." } } }, "auth_ref": [ "r144", "r146", "r412", "r737", "r905" ] }, "ecd_PnsnAdjsPrrSvcCstMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PnsnAdjsPrrSvcCstMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Pension Adjustments Prior Service Cost", "label": "Pension Adjustments Prior Service Cost [Member]" } } }, "auth_ref": [ "r1003" ] }, "ecd_PnsnAdjsSvcCstMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PnsnAdjsSvcCstMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Pension Adjustments Service Cost", "label": "Pension Adjustments Service Cost [Member]" } } }, "auth_ref": [ "r1047" ] }, "ecd_PnsnBnftsAdjFnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PnsnBnftsAdjFnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Pension Benefits Adjustments, Footnote", "label": "Pension Benefits Adjustments, Footnote [Text Block]" } } }, "auth_ref": [ "r1002" ] }, "us-gaap_PreferredStockDividendRatePerDollarAmount": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockDividendRatePerDollarAmount", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Dividend rate, per annum (in dollars per share)", "label": "Preferred Stock, Dividend Rate, Per-Dollar-Amount", "documentation": "The amount per share used to calculated dividend payments on preferred stock." } } }, "auth_ref": [ "r328" ] }, "us-gaap_PreferredStockDividendRatePercentage": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockDividendRatePercentage", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Preferred stock, dividend rate (in percent)", "label": "Preferred Stock, Dividend Rate, Percentage", "documentation": "The percentage rate used to calculate dividend payments on preferred stock." } } }, "auth_ref": [ "r328", "r801", "r804", "r806", "r824" ] }, "us-gaap_PreferredStockDividendsIncomeStatementImpact": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockDividendsIncomeStatementImpact", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "incref_ComprehensiveIncomeLossNetOfTaxAttributableToCommonStockholders", "weight": -1.0, "order": 3.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Dividends to preferred stockholders", "label": "Preferred Stock Dividends, Income Statement Impact", "documentation": "The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders." } } }, "auth_ref": [] }, "us-gaap_PreferredStockLiquidationPreference": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockLiquidationPreference", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Liquidation preference (in dollars per share)", "label": "Preferred Stock, Liquidation Preference Per Share", "documentation": "The per share liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share." } } }, "auth_ref": [ "r32", "r33", "r63", "r1081", "r1084", "r1133" ] }, "us-gaap_PreferredStockMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockMember", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Series A Preferred Stock", "label": "Preferred Stock [Member]", "documentation": "Preferred shares may provide a preferential dividend to the dividend on common stock and may take precedence over common stock in the event of a liquidation. Preferred shares typically represent an ownership interest in the company." } } }, "auth_ref": [ "r951", "r952", "r956", "r957", "r958", "r959", "r1258", "r1270" ] }, "us-gaap_PreferredStockParOrStatedValuePerShare": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockParOrStatedValuePerShare", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Preferred stock, par value (in dollars per share)", "label": "Preferred Stock, Par or Stated Value Per Share", "documentation": "Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer." } } }, "auth_ref": [ "r63", "r327" ] }, "us-gaap_PreferredStockRedemptionPricePerShare": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockRedemptionPricePerShare", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Redemption price per share (in dollars per share)", "label": "Preferred Stock, Redemption Price Per Share", "documentation": "The price per share at which the preferred stock of an entity that has priority over common stock in the distribution of dividends and in the event of liquidation of the entity is redeemed or may be called at. The redemption features of this preferred stock are solely within the control of the issuer." } } }, "auth_ref": [ "r31", "r32", "r35" ] }, "us-gaap_PreferredStockSharesIssued": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockSharesIssued", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Preferred stock, issued (in shares)", "label": "Preferred Stock, Shares Issued", "documentation": "Number of shares issued for nonredeemable preferred shares and preferred shares redeemable solely at option of issuer. Includes, but is not limited to, preferred shares issued, repurchased, and held as treasury shares. Excludes preferred shares classified as debt." } } }, "auth_ref": [ "r63", "r327" ] }, "incref_PrincipalPaymentsOnCommercialRealEstateLoansDueFromServicer": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "PrincipalPaymentsOnCommercialRealEstateLoansDueFromServicer", "crdr": "debit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Principal payments from commercial real estate loans due from servicer", "label": "Principal Payments On Commercial Real Estate Loans Due From Servicer", "documentation": "Principal Payments On Commercial Real Estate Loans Due From Servicer" } } }, "auth_ref": [] }, "us-gaap_PrivatePlacementMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PrivatePlacementMember", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Private Placement", "label": "Private Placement [Member]", "documentation": "A private placement is a direct offering of securities to a limited number of sophisticated investors such as insurance companies, pension funds, mezzanine funds, stock funds and trusts." } } }, "auth_ref": [] }, "incref_ProceedsFromIssuanceOfCollateralizedLoanObligations": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "ProceedsFromIssuanceOfCollateralizedLoanObligations", "crdr": "debit", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Proceeds from issuance of collateralized loan obligations", "label": "Proceeds from Issuance of Collateralized Loan Obligations", "documentation": "Proceeds from Issuance of Collateralized Loan Obligations" } } }, "auth_ref": [] }, "us-gaap_ProceedsFromIssuanceOfCommonStock": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ProceedsFromIssuanceOfCommonStock", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0, "order": 5.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Proceeds from issuance of common stock, net of offering costs", "label": "Proceeds from Issuance of Common Stock", "documentation": "The cash inflow from the additional capital contribution to the entity." } } }, "auth_ref": [ "r3" ] }, "us-gaap_ProceedsFromIssuanceOfPrivatePlacement": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ProceedsFromIssuanceOfPrivatePlacement", "crdr": "debit", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Proceeds from issuance of private placement", "label": "Proceeds from Issuance of Private Placement", "documentation": "The cash inflow associated with the amount received from entity's raising of capital via private rather than public placement." } } }, "auth_ref": [ "r3" ] }, "us-gaap_ProceedsFromIssuanceOfSecuredDebt": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ProceedsFromIssuanceOfSecuredDebt", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Proceeds from secured financing facilities", "label": "Proceeds from Issuance of Secured Debt", "documentation": "The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt." } } }, "auth_ref": [ "r20" ] }, "us-gaap_ProceedsFromLinesOfCredit": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ProceedsFromLinesOfCredit", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Proceeds from revolving credit facility", "label": "Proceeds from Lines of Credit", "documentation": "Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements." } } }, "auth_ref": [ "r20", "r1081", "r1085" ] }, "us-gaap_ProceedsFromMinorityShareholders": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ProceedsFromMinorityShareholders", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0, "order": 6.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Proceeds from non-controlling interest, net of offering costs", "label": "Proceeds from Noncontrolling Interests", "documentation": "Amount of cash inflow from a noncontrolling interest. Includes, but is not limited to, purchase of additional shares or other increase in noncontrolling interest ownership." } } }, "auth_ref": [ "r19" ] }, "us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Principal payments from commercial real estate loans", "label": "Proceeds from Principal Repayment, Loan and Lease, Held-for-Investment", "documentation": "The cash inflow from repayments of the balance excluding interest (principal) on loans receivable and leases held for investment purposes." } } }, "auth_ref": [ "r18" ] }, "incref_ProceedsFromSubscriptionsPaidInAdvance": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "ProceedsFromSubscriptionsPaidInAdvance", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0, "order": 10.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Proceeds from subscriptions paid in advance", "label": "Proceeds From Subscriptions Paid In Advance", "documentation": "Proceeds From Subscriptions Paid In Advance" } } }, "auth_ref": [] }, "us-gaap_ProfitLoss": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ProfitLoss", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic", "weight": 1.0, "order": 1.0 }, "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "totalLabel": "Net income (loss)", "terseLabel": "Net income (loss)", "label": "Net Income (Loss), Including Portion Attributable to Noncontrolling Interest", "documentation": "The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest." } } }, "auth_ref": [ "r111", "r112", "r122", "r124", "r137", "r144", "r148", "r149", "r151", "r158", "r166", "r169", "r170", "r251", "r276", "r277", "r278", "r279", "r280", "r281", "r282", "r283", "r284", "r314", "r387", "r407", "r410", "r411", "r414", "r415", "r497", "r531", "r658", "r660", "r679", "r709", "r766", "r789", "r790", "r906", "r907", "r963", "r1075", "r1121" ] }, "incref_PropertyTypeConcentrationRiskMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "PropertyTypeConcentrationRiskMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Property Type Concentration Risk", "label": "Property Type Concentration Risk [Member]", "documentation": "Property Type Concentration Risk" } } }, "auth_ref": [] }, "ecd_PvpTable": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PvpTable", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Pay vs Performance Disclosure", "label": "Pay vs Performance Disclosure [Table]" } } }, "auth_ref": [ "r1000" ] }, "ecd_PvpTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PvpTableTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Pay vs Performance Disclosure, Table", "label": "Pay vs Performance [Table Text Block]" } } }, "auth_ref": [ "r1000" ] }, "srt_RangeAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "RangeAxis", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Statistical Measurement [Axis]", "label": "Statistical Measurement [Axis]" } } }, "auth_ref": [ "r197", "r270", "r271", "r272", "r273", "r343", "r355", "r381", "r382", "r383", "r386", "r392", "r503", "r574", "r593", "r616", "r687", "r688", "r695", "r734", "r735", "r800", "r803", "r807", "r808", "r823", "r839", "r840", "r842", "r843", "r856", "r857", "r882", "r892", "r900", "r902", "r903", "r904", "r923", "r924", "r928", "r929", "r947", "r953", "r1116", "r1125", "r1181", "r1216", "r1217", "r1218", "r1219", "r1220" ] }, "srt_RangeMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "RangeMember", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Statistical Measurement [Domain]", "label": "Statistical Measurement [Domain]" } } }, "auth_ref": [ "r197", "r270", "r271", "r272", "r273", "r343", "r355", "r381", "r382", "r383", "r386", "r392", "r503", "r574", "r593", "r616", "r687", "r688", "r695", "r734", "r735", "r800", "r803", "r807", "r808", "r823", "r839", "r840", "r842", "r843", "r856", "r857", "r882", "r892", "r900", "r902", "r903", "r904", "r923", "r924", "r928", "r929", "r947", "r953", "r1116", "r1125", "r1181", "r1216", "r1217", "r1218", "r1219", "r1220" ] }, "incref_RealEstateRelatedSecuritiesMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "RealEstateRelatedSecuritiesMember", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfGainLossOnRealEstateRelatedSecuritiesDetails", "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfRealEstateRelatedSecuritiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Real estate-related securities", "label": "Real Estate-Related Securities [Member]", "documentation": "Real Estate-Related Securities" } } }, "auth_ref": [] }, "incref_RealEstateRelatedSecuritiesPurchasedNotSettled": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "RealEstateRelatedSecuritiesPurchasedNotSettled", "crdr": "debit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Real estate-related securities purchased, not settled", "label": "Real Estate-Related Securities Purchased, Not Settled", "documentation": "Real Estate-Related Securities Purchased, Not Settled" } } }, "auth_ref": [] }, "ecd_RecoveryOfErrCompDisclosureLineItems": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "RecoveryOfErrCompDisclosureLineItems", "lang": { "en-us": { "role": { "label": "Recovery of Erroneously Awarded Compensation Disclosure [Line Items]" } } }, "auth_ref": [ "r968", "r978", "r988", "r1020" ] }, "us-gaap_RedeemablePreferredStockDividends": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RedeemablePreferredStockDividends", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "incref_ComprehensiveIncomeLossNetOfTaxAttributableToCommonStockholders", "weight": -1.0, "order": 4.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "negatedLabel": "Issuance and redemption costs of redeemed preferred stock", "negatedTerseLabel": "Issuance and redemption costs of redeemed preferred stock", "terseLabel": "Issuance and redemption costs of redeemed preferred stock", "label": "Redeemable Preferred Stock Dividends", "documentation": "Dividends paid to preferred stock holders that is redeemable solely at the option of the issuer." } } }, "auth_ref": [ "r13", "r27", "r84" ] }, "us-gaap_RelatedPartyDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RelatedPartyDomain", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnauditedParenthetical", "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofComponentsofDuetoAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Related Party, Type [Domain]", "label": "Related and Nonrelated Parties [Domain]", "documentation": "Related and nonrelated parties. Related party includes, but is not limited to, affiliate, other entity for which investment is accounted for under equity method, trust for benefit of employee, principal owner, management, and member of immediate family, and other party that may be prevented from pursuing separate interests because of control, significant influence, or ownership interest." } } }, "auth_ref": [ "r144", "r150", "r151", "r220", "r350", "r354", "r557", "r558", "r670", "r678", "r739", "r740", "r741", "r742", "r743", "r763", "r798", "r1264" ] }, "us-gaap_RelatedPartyMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RelatedPartyMember", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnauditedParenthetical", "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Related Party", "label": "Related Party [Member]", "documentation": "Party related to reporting entity. Includes, but is not limited to, affiliate, entity for which investment is accounted for by equity method, trust for benefit of employees, and principal owner, management, and members of immediate family." } } }, "auth_ref": [ "r144", "r150", "r151", "r557", "r558", "r559", "r560", "r670", "r678", "r739", "r740", "r741", "r742", "r743", "r763", "r798" ] }, "us-gaap_RelatedPartyTransactionAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RelatedPartyTransactionAxis", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofComponentsofDuetoAffiliatesDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Related Party Transaction [Axis]", "label": "Related Party Transaction [Axis]", "documentation": "Information by type of related party transaction." } } }, "auth_ref": [ "r144", "r150", "r151", "r557", "r558", "r1212" ] }, "us-gaap_RelatedPartyTransactionDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RelatedPartyTransactionDomain", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofComponentsofDuetoAffiliatesDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Related Party Transaction [Domain]", "label": "Related Party Transaction [Domain]", "documentation": "Transaction between related party." } } }, "auth_ref": [ "r144", "r150", "r151", "r1212" ] }, "us-gaap_RelatedPartyTransactionLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RelatedPartyTransactionLineItems", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofComponentsofDuetoAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Related Party Transaction [Line Items]", "label": "Related Party Transaction [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r144", "r150", "r151", "r220", "r557", "r558", "r560", "r771", "r772", "r775" ] }, "incref_RelatedPartyTransactionPercentageOfGrossProceedsFromSaleOfSharesThreshold": { "xbrltype": "percentItemType", "nsuri": "http://invesco.com/20260331", "localname": "RelatedPartyTransactionPercentageOfGrossProceedsFromSaleOfSharesThreshold", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Gross proceeds from sale of shares (in percent)", "label": "Related Party Transaction, Percentage of Gross Proceeds From Sale of Shares, Threshold", "documentation": "Related Party Transaction, Percentage of Gross Proceeds From Sale of Shares, Threshold" } } }, "auth_ref": [] }, "incref_RelatedPartyTransactionReimbursementPeriodNumberOfConsecutiveQuarters": { "xbrltype": "integerItemType", "nsuri": "http://invesco.com/20260331", "localname": "RelatedPartyTransactionReimbursementPeriodNumberOfConsecutiveQuarters", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Reimbursement period, number of consecutive quarters", "label": "Related Party Transaction, Reimbursement Period, Number of Consecutive Quarters", "documentation": "Related Party Transaction, Reimbursement Period, Number of Consecutive Quarters" } } }, "auth_ref": [] }, "incref_RelatedPartyTransactionStockholderServiceFee": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "RelatedPartyTransactionStockholderServiceFee", "crdr": "debit", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Stockholder service fee", "label": "Related Party Transaction, Stockholder Service Fee", "documentation": "Related Party Transaction, Stockholder Service Fee" } } }, "auth_ref": [] }, "incref_RelatedPartyTransactionStockholderServiceFeeAsPercentageOfNetAssetValue": { "xbrltype": "percentItemType", "nsuri": "http://invesco.com/20260331", "localname": "RelatedPartyTransactionStockholderServiceFeeAsPercentageOfNetAssetValue", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Stockholder Servicing Fee (% of NAV)", "label": "Related Party Transaction, Stockholder Service Fee, As Percentage Of Net Asset Value", "documentation": "Related Party Transaction, Stockholder Service Fee, As Percentage Of Net Asset Value" } } }, "auth_ref": [] }, "incref_RelatedPartyTransactionUpfrontSellingCommissionsAsPercentageOfTransactionPrice": { "xbrltype": "percentItemType", "nsuri": "http://invesco.com/20260331", "localname": "RelatedPartyTransactionUpfrontSellingCommissionsAsPercentageOfTransactionPrice", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Maximum Upfront Selling Commissions (% of Transaction Price)", "label": "Related Party Transaction, Upfront Selling Commissions As Percentage Of Transaction Price", "documentation": "Related Party Transaction, Upfront Selling Commissions As Percentage Of Transaction Price" } } }, "auth_ref": [] }, "us-gaap_RelatedPartyTransactionsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RelatedPartyTransactionsAbstract", "lang": { "en-us": { "role": { "label": "Related Party Transactions [Abstract]" } } }, "auth_ref": [] }, "us-gaap_RelatedPartyTransactionsByRelatedPartyAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RelatedPartyTransactionsByRelatedPartyAxis", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnauditedParenthetical", "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofComponentsofDuetoAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Related Party, Type [Axis]", "label": "Related and Nonrelated Parties [Axis]", "documentation": "Information by related and nonrelated parties. Related party includes, but is not limited to, affiliate, other entity for which investment is accounted for under equity method, trust for benefit of employee, principal owner, management, and member of immediate family, and other party that may be prevented from pursuing separate interests because of control, significant influence, or ownership interest." } } }, "auth_ref": [ "r144", "r150", "r151", "r220", "r350", "r354", "r557", "r558", "r670", "r678", "r739", "r740", "r741", "r742", "r743", "r763", "r798", "r1212", "r1264" ] }, "us-gaap_RelatedPartyTransactionsDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RelatedPartyTransactionsDisclosureTextBlock", "presentation": [ "http://invesco.com/role/RelatedPartyTransactions" ], "lang": { "en-us": { "role": { "terseLabel": "Related Party Transactions", "label": "Related Party Transactions Disclosure [Text Block]", "documentation": "The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates." } } }, "auth_ref": [ "r554", "r555", "r556", "r558", "r561", "r705", "r706", "r707", "r773", "r774", "r775", "r795", "r797" ] }, "incref_RelatedPartyTransactionsOperatingExpensesReimbursementPercentageOfAverageInvestedAssets": { "xbrltype": "percentItemType", "nsuri": "http://invesco.com/20260331", "localname": "RelatedPartyTransactionsOperatingExpensesReimbursementPercentageOfAverageInvestedAssets", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Operating expenses reimbursement, average invested assets (in percent)", "label": "Related Party Transactions, Operating Expenses Reimbursement, Percentage Of Average Invested Assets", "documentation": "Related Party Transactions, Operating Expenses Reimbursement, Percentage Of Average Invested Assets" } } }, "auth_ref": [] }, "incref_RelatedPartyTransactionsOperatingExpensesReimbursementPercentageOfNetIncome": { "xbrltype": "percentItemType", "nsuri": "http://invesco.com/20260331", "localname": "RelatedPartyTransactionsOperatingExpensesReimbursementPercentageOfNetIncome", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Operating expenses reimbursement, net income (in percent)", "label": "Related Party Transactions, Operating Expenses Reimbursement, Percentage Of Net Income", "documentation": "Related Party Transactions, Operating Expenses Reimbursement, Percentage Of Net Income" } } }, "auth_ref": [] }, "incref_RelatedPartyTransactionsOrganizationAndOfferingExpensesReimbursementTerm": { "xbrltype": "durationItemType", "nsuri": "http://invesco.com/20260331", "localname": "RelatedPartyTransactionsOrganizationAndOfferingExpensesReimbursementTerm", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Organization and offering expenses, reimbursement term (in months)", "label": "Related Party Transactions, Organization And Offering Expenses, Reimbursement Term", "documentation": "Related Party Transactions, Organization And Offering Expenses, Reimbursement Term" } } }, "auth_ref": [] }, "us-gaap_RepaymentsOfLinesOfCredit": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RepaymentsOfLinesOfCredit", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Repayment of revolving credit facility", "label": "Repayments of Lines of Credit", "documentation": "Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements." } } }, "auth_ref": [ "r74", "r1081", "r1085" ] }, "us-gaap_RepaymentsOfSecuredDebt": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RepaymentsOfSecuredDebt", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0, "order": 4.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Repayment of secured financing facilities", "label": "Repayments of Secured Debt", "documentation": "The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt." } } }, "auth_ref": [ "r74" ] }, "us-gaap_RepurchaseAgreementCounterpartyAmountAtRisk": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RepurchaseAgreementCounterpartyAmountAtRisk", "crdr": "credit", "presentation": [ "http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Net Counterparty Exposure", "label": "Repurchase Agreement Counterparty, Amount at Risk", "documentation": "The amount at risk under repurchase agreements is defined as the excess of carrying amount (or market value, if higher than the carrying amount or if there is no carrying amount) of the securities or other assets sold under agreement to repurchase, including accrued interest plus any cash or other assets on deposit to secure the repurchase obligation, over the amount of the repurchase liability (adjusted for accrued interest)." } } }, "auth_ref": [ "r144", "r152", "r594" ] }, "srt_RepurchaseAgreementCounterpartyNameDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "RepurchaseAgreementCounterpartyNameDomain", "presentation": [ "http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails", "http://invesco.com/role/SummaryofSignificantAccountingPoliciesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Counterparty Name [Domain]", "label": "Counterparty Name [Domain]" } } }, "auth_ref": [ "r144", "r152", "r153", "r289", "r329", "r560", "r594", "r666", "r862", "r864", "r865", "r1064", "r1065", "r1066", "r1067", "r1068", "r1069", "r1070", "r1071", "r1072", "r1171", "r1172", "r1173", "r1174" ] }, "us-gaap_RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1": { "xbrltype": "durationItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1", "presentation": [ "http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Weighted Average Life (in years)", "label": "Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements", "documentation": "Weighted average maturity (weighted by amount of the agreement) of repurchase agreements with the counterparty, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days." } } }, "auth_ref": [ "r144", "r152", "r594" ] }, "ecd_RestatementDateAxis": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "RestatementDateAxis", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Restatement Determination Date:", "label": "Restatement Determination Date [Axis]" } } }, "auth_ref": [ "r969", "r979", "r989", "r1021" ] }, "ecd_RestatementDeterminationDate": { "xbrltype": "dateItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "RestatementDeterminationDate", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Restatement Determination Date", "label": "Restatement Determination Date" } } }, "auth_ref": [ "r970", "r980", "r990", "r1022" ] }, "ecd_RestatementDoesNotRequireRecoveryTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "RestatementDoesNotRequireRecoveryTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Restatement does not require Recovery", "label": "Restatement Does Not Require Recovery [Text Block]" } } }, "auth_ref": [ "r977", "r987", "r997", "r1029" ] }, "us-gaap_RestrictedCash": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RestrictedCash", "crdr": "debit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_Assets", "weight": 1.0, "order": 5.0 } }, "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Restricted cash", "label": "Restricted Cash", "documentation": "Amount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits." } } }, "auth_ref": [ "r1060", "r1079", "r1224", "r1229" ] }, "us-gaap_RestrictedStockMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RestrictedStockMember", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Restricted Stock", "label": "Restricted Stock [Member]", "documentation": "Stock including a provision that prohibits sale or substantive sale of an equity instrument for a specified period of time or until specified performance conditions are met." } } }, "auth_ref": [ "r1098", "r1136", "r1137", "r1138", "r1139", "r1140", "r1141", "r1142", "r1143", "r1144", "r1145", "r1146", "r1147", "r1148", "r1149", "r1150", "r1151", "r1152", "r1153", "r1154", "r1155", "r1156", "r1157", "r1158", "r1159", "r1160", "r1161" ] }, "us-gaap_RetainedEarningsAccumulatedDeficit": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RetainedEarningsAccumulatedDeficit", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Accumulated deficit", "label": "Retained Earnings (Accumulated Deficit)", "documentation": "Amount of accumulated undistributed earnings (deficit)." } } }, "auth_ref": [ "r66", "r84", "r675", "r692", "r694", "r704", "r747", "r937" ] }, "us-gaap_RetainedEarningsMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RetainedEarningsMember", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Retained Earnings (Accumulated Deficit)", "label": "Retained Earnings [Member]", "documentation": "Accumulated undistributed earnings (deficit)." } } }, "auth_ref": [ "r108", "r110", "r111", "r155", "r156", "r157", "r159", "r166", "r168", "r170", "r252", "r253", "r262", "r313", "r387", "r401", "r402", "r404", "r405", "r406", "r408", "r409", "r410", "r483", "r485", "r486", "r488", "r495", "r550", "r552", "r689", "r691", "r710", "r1270" ] }, "us-gaap_RetainedInterestFairValueDisclosure": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RetainedInterestFairValueDisclosure", "crdr": "debit", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Retention", "label": "Retained Interest, Fair Value Disclosure", "documentation": "Fair value portion of interest continued to be held by a transferor after transferring financial assets to a third party." } } }, "auth_ref": [ "r522", "r523", "r524", "r529", "r1178", "r1179", "r1189" ] }, "us-gaap_RevolvingCreditFacilityMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RevolvingCreditFacilityMember", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Revolving Credit Facility", "label": "Revolving Credit Facility [Member]", "documentation": "Arrangement in which loan proceeds can continuously be obtained following repayments, but the total amount borrowed cannot exceed a specified maximum amount." } } }, "auth_ref": [] }, "ecd_Rule10b51ArrAdoptedFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "Rule10b51ArrAdoptedFlag", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Rule 10b5-1 Arrangement Adopted", "label": "Rule 10b5-1 Arrangement Adopted [Flag]" } } }, "auth_ref": [ "r1038" ] }, "ecd_Rule10b51ArrTrmntdFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "Rule10b51ArrTrmntdFlag", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Rule 10b5-1 Arrangement Terminated", "label": "Rule 10b5-1 Arrangement Terminated [Flag]" } } }, "auth_ref": [ "r1038" ] }, "incref_SaleOfStockAmountInSharesToBeHeldByRelatedParty": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "SaleOfStockAmountInSharesToBeHeldByRelatedParty", "crdr": "debit", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Amount of shares to be held by related party", "label": "Sale of Stock, Amount In Shares To Be Held By Related Party", "documentation": "Sale of Stock, Amount In Shares To Be Held By Related Party" } } }, "auth_ref": [] }, "us-gaap_SaleOfStockConsiderationReceivedPerTransaction": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SaleOfStockConsiderationReceivedPerTransaction", "crdr": "debit", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Total Purchase Price", "terseLabel": "DRP Shares", "label": "Sale of Stock, Consideration Received Per Transaction", "documentation": "Amount of consideration received by subsidiary or equity investee in exchange for shares of stock issued or sold. Includes amount of cash received, fair value of noncash assets received, and fair value of liabilities assumed by the investor." } } }, "auth_ref": [] }, "us-gaap_SaleOfStockNameOfTransactionDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SaleOfStockNameOfTransactionDomain", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Sale of Stock [Domain]", "label": "Sale of Stock [Domain]", "documentation": "Sale of the entity's stock, including, but not limited to, initial public offering (IPO) and private placement." } } }, "auth_ref": [] }, "us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SaleOfStockNumberOfSharesIssuedInTransaction", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Shares (in shares)", "label": "Sale of Stock, Number of Shares Issued in Transaction", "documentation": "The number of shares issued or sold by the subsidiary or equity method investee per stock transaction." } } }, "auth_ref": [] }, "incref_SaleOfStockPurchaseCommitmentCapitalCallable": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "SaleOfStockPurchaseCommitmentCapitalCallable", "crdr": "debit", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Capital callable under purchase commitment", "label": "Sale Of Stock, Purchase Commitment, Capital Callable", "documentation": "Sale Of Stock, Purchase Commitment, Capital Callable" } } }, "auth_ref": [] }, "incref_SaleOfStockPurchaseCommitmentCapitalCallableAdditionalAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "SaleOfStockPurchaseCommitmentCapitalCallableAdditionalAmount", "crdr": "debit", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Additional capital callable under purchase commitment", "label": "Sale Of Stock, Purchase Commitment, Capital Callable, Additional Amount", "documentation": "Sale Of Stock, Purchase Commitment, Capital Callable, Additional Amount" } } }, "auth_ref": [] }, "incref_SaleOfStockPurchaseCommitmentCapitalCallableMaximumAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "SaleOfStockPurchaseCommitmentCapitalCallableMaximumAmount", "crdr": "debit", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Maximum purchase commitment", "label": "Sale Of Stock, Purchase Commitment, Capital Callable, Maximum Amount", "documentation": "Sale Of Stock, Purchase Commitment, Capital Callable, Maximum Amount" } } }, "auth_ref": [] }, "incref_SaleOfStockPurchaseCommitmentCapitalCalled": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "SaleOfStockPurchaseCommitmentCapitalCalled", "crdr": "debit", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Called capital under purchase commitment", "label": "Sale Of Stock, Purchase Commitment, Capital Called", "documentation": "Sale Of Stock, Purchase Commitment, Capital Called" } } }, "auth_ref": [] }, "us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock", "presentation": [ "http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Accounts Payable and Accrued Liabilities", "label": "Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]", "documentation": "Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses." } } }, "auth_ref": [] }, "us-gaap_ScheduleOfAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTable", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsNarrativeDetails", "http://invesco.com/role/CollateralizedLoanObligationsScheduleofCollateralizedLoanObligationsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Transfer and Servicing, Asset and Liability Accounted for as Secured Borrowing [Table]", "label": "Transfer and Servicing, Asset and Liability Accounted for as Secured Borrowing [Table]", "documentation": "Disclosure of information about asset and associated liability accounted for as secured borrowing and recognized in transferor's statement of financial position." } } }, "auth_ref": [ "r10" ] }, "us-gaap_ScheduleOfCommonStockOutstandingRollForwardTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfCommonStockOutstandingRollForwardTableTextBlock", "presentation": [ "http://invesco.com/role/EquityTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Common Stock Outstanding", "label": "Schedule of Common Stock Outstanding Roll Forward [Table Text Block]", "documentation": "Tabular disclosure of the change in common stock outstanding." } } }, "auth_ref": [] }, "us-gaap_ScheduleOfDebtTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfDebtTableTextBlock", "presentation": [ "http://invesco.com/role/BorrowingsTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Debt", "label": "Schedule of Debt [Table Text Block]", "documentation": "Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation." } } }, "auth_ref": [] }, "us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)", "label": "Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]", "documentation": "Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period." } } }, "auth_ref": [ "r1165", "r1167", "r1170" ] }, "us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Gain (Loss) on Derivative Instruments", "label": "Derivative Instruments, Gain (Loss) [Table Text Block]", "documentation": "Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments." } } }, "auth_ref": [ "r431", "r434", "r440", "r448", "r458" ] }, "us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Derivative Instruments in Statement of Financial Position, Fair Value", "label": "Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]", "documentation": "Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position." } } }, "auth_ref": [ "r430", "r435", "r458", "r916" ] }, "us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "presentation": [ "http://invesco.com/role/EarningsperCommonShareTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Earnings Per Share, Basic and Diluted", "label": "Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]", "documentation": "Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations." } } }, "auth_ref": [ "r1097" ] }, "us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis", "label": "Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]", "documentation": "Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3)." } } }, "auth_ref": [ "r1178", "r1179" ] }, "us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfMaturitiesOfLongTermDebtTableTextBlock", "presentation": [ "http://invesco.com/role/BorrowingsTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Maturities of Long-Term Debt", "label": "Schedule of Maturities of Long-Term Debt [Table Text Block]", "documentation": "Tabular disclosure of maturity and sinking fund requirement for long-term debt." } } }, "auth_ref": [ "r8" ] }, "us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Notional Amounts of Outstanding Derivative Positions", "label": "Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]", "documentation": "Tabular disclosure of the notional amounts of outstanding derivative positions." } } }, "auth_ref": [ "r1163" ] }, "us-gaap_ScheduleOfQuantitativeInformationAboutFinancialAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfQuantitativeInformationAboutFinancialAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTextBlock", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Assets and Associated Liabilities Accounted for as Secured Borrowings", "label": "Schedule of Assets and Associated Liabilities Accounted for as Secured Borrowings [Table Text Block]", "documentation": "Tabular disclosure of the carrying amount and classification of assets and liabilities recognized in the transferor's statement of financial position at the end of each period presented." } } }, "auth_ref": [ "r10" ] }, "us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfRelatedPartyTransactionsByRelatedPartyTable", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofComponentsofDuetoAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Related Party Transactions, by Related Party [Table]", "label": "Related Party Transaction [Table]", "documentation": "Disclosure of information about related party transaction." } } }, "auth_ref": [ "r144", "r150", "r151", "r557", "r558", "r560", "r771", "r772", "r775" ] }, "us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfRelatedPartyTransactionsTableTextBlock", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Components of Due to Affiliates", "label": "Schedule of Related Party Transactions [Table Text Block]", "documentation": "Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates." } } }, "auth_ref": [ "r1210", "r1211" ] }, "us-gaap_ScheduleOfRepurchaseAgreementCounterpartiesWithWhomRepurchaseAgreementsExceed10PercentOfStockholdersEquityTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfRepurchaseAgreementCounterpartiesWithWhomRepurchaseAgreementsExceed10PercentOfStockholdersEquityTextBlock", "presentation": [ "http://invesco.com/role/BorrowingsTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Net Exposure With Counterparties Where Amount At Risk Exceeded 10.0% of Stockholders\u2019 Equity", "label": "Schedule of Repurchase Agreement Counterparties with Whom Repurchase Agreements Exceed 10 Percent of Stockholders' Equity [Table Text Block]", "documentation": "Tabular disclosure, as of the balance sheet date, of the amount at risk under repurchase agreements with any individual counterparty or group of related counterparties which exceeds 10 percent of stockholders' equity. Includes the name of each counterparty or group of related counterparties, the amount at risk with each, and the weighted average maturity of the repurchase agreements with each. The amount at risk under repurchase agreements is defined as the excess of carrying amount (or market value, if higher than the carrying amount or if there is no carrying amount) of the securities or other assets sold under agreement to repurchase, including accrued interest plus any cash or other assets on deposit to secure the repurchase obligation, over the amount of the repurchase liability (adjusted for accrued interest)." } } }, "auth_ref": [ "r1081", "r1090", "r1222" ] }, "us-gaap_ScheduleOfStockByClassTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfStockByClassTable", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails", "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Stock by Class [Table]", "label": "Stock, Class of Stock [Table]", "documentation": "Disclosure of information about stock by class. Includes, but is not limited to, common, convertible, and preferred stocks." } } }, "auth_ref": [ "r29", "r30", "r32", "r33", "r34", "r36", "r82", "r83", "r84", "r116", "r117", "r118", "r190", "r327", "r328", "r329", "r331", "r334", "r339", "r341", "r480", "r700", "r701", "r702", "r703", "r892", "r1050", "r1081", "r1084" ] }, "us-gaap_ScheduleOfStockByClassTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfStockByClassTextBlock", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Stock by Class", "label": "Schedule of Stock by Class [Table Text Block]", "documentation": "Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding." } } }, "auth_ref": [ "r15", "r29", "r30", "r32", "r33", "r34", "r36", "r63", "r64", "r82", "r83", "r84" ] }, "us-gaap_ScheduleOfStockholdersEquityTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfStockholdersEquityTableTextBlock", "presentation": [ "http://invesco.com/role/SubsequentEventsTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Stockholders Equity", "label": "Schedule of Stockholders Equity [Table Text Block]", "documentation": "Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented." } } }, "auth_ref": [ "r13" ] }, "us-gaap_ScheduleOfVariableInterestEntitiesTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfVariableInterestEntitiesTable", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Variable Interest Entity [Table]", "label": "Variable Interest Entity [Table]", "documentation": "Disclosure of information about variable interest held, whether or not such variable interest entity (VIE) is included in consolidated financial statements." } } }, "auth_ref": [ "r43", "r44", "r45", "r46", "r47", "r412", "r413", "r417", "r418", "r587", "r588", "r589" ] }, "us-gaap_ScheduleOfVariableInterestEntitiesTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfVariableInterestEntitiesTextBlock", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Variable Interest Entities", "label": "Schedule of Variable Interest Entities [Table Text Block]", "documentation": "Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide." } } }, "auth_ref": [ "r43", "r44", "r45", "r46", "r47" ] }, "us-gaap_SecuredDebtMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SecuredDebtMember", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails", "http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Secured Debt", "label": "Secured Debt [Member]", "documentation": "Collateralized debt obligation backed by, for example, but not limited to, pledge, mortgage or other lien on the entity's assets." } } }, "auth_ref": [] }, "incref_SecuredFinancingFacilitiesGainLoss": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "SecuredFinancingFacilitiesGainLoss", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited": { "parentTag": "us-gaap_NoninterestIncome", "weight": 1.0, "order": 2.0 }, "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails": { "parentTag": "us-gaap_GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet", "weight": 1.0, "order": 2.0 }, "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0, "order": 3.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Unrealized gain (loss) on secured financing facilities, net", "negatedTerseLabel": "Unrealized (gain) loss on secured financing facilities, net", "verboseLabel": "Unrealized foreign exchange gain (loss) on secured financing facilities", "label": "Secured Financing Facilities, Gain (Loss)", "documentation": "Secured Financing Facilities, Gain (Loss)" } } }, "auth_ref": [] }, "incref_SecuredLendingAgreementsAtFairValue": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "SecuredLendingAgreementsAtFairValue", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Secured lending agreements, at fair value", "label": "Secured Lending Agreements, At Fair Value", "documentation": "Secured Lending Agreements, At Fair Value" } } }, "auth_ref": [] }, "incref_SecuredLendingAgreementsMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "SecuredLendingAgreementsMember", "presentation": [ "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Secured Lending Agreements", "label": "Secured Lending Agreements [Member]", "documentation": "Secured Lending Agreements" } } }, "auth_ref": [] }, "incref_SecuredLendingAgreementsRepurchaseAgreementsMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "SecuredLendingAgreementsRepurchaseAgreementsMember", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Secured Lending Agreements", "label": "Secured Lending Agreements, Repurchase Agreements [Member]", "documentation": "Secured Lending Agreements, Repurchase Agreements" } } }, "auth_ref": [] }, "srt_SegmentGeographicalDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "SegmentGeographicalDomain", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsNarrativeDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Geographical [Domain]", "label": "Geographical [Domain]" } } }, "auth_ref": [ "r194", "r217", "r218", "r618", "r619", "r620", "r621", "r622", "r623", "r624", "r625", "r626", "r627", "r628", "r629", "r630", "r631", "r632", "r633", "r634", "r635", "r636", "r637", "r638", "r639", "r640", "r641", "r642", "r643", "r644", "r645", "r646", "r647", "r648", "r649", "r650", "r651", "r658", "r659", "r660", "r661", "r725", "r729", "r731", "r802", "r805", "r810", "r827", "r839", "r841", "r842", "r843", "r846", "r847", "r848", "r849", "r851", "r852", "r853", "r854", "r855", "r859", "r871", "r893", "r894", "r939", "r940", "r941", "r942", "r943", "r944", "r945", "r946", "r948", "r953", "r1230", "r1231", "r1232", "r1233", "r1234", "r1235", "r1236", "r1237", "r1238", "r1239", "r1240", "r1241", "r1242", "r1243", "r1244", "r1245", "r1246", "r1247", "r1248", "r1249", "r1250", "r1251", "r1252", "r1253", "r1254", "r1255", "r1256", "r1257" ] }, "us-gaap_SegmentReportingAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SegmentReportingAbstract", "lang": { "en-us": { "role": { "label": "Segment Reporting [Abstract]" } } }, "auth_ref": [] }, "us-gaap_SegmentReportingDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SegmentReportingDisclosureTextBlock", "presentation": [ "http://invesco.com/role/SegmentReporting" ], "lang": { "en-us": { "role": { "terseLabel": "Segment Reporting", "label": "Segment Reporting Disclosure [Text Block]", "documentation": "The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments." } } }, "auth_ref": [ "r101", "r188", "r198", "r199", "r200", "r201", "r202", "r206", "r207", "r208", "r210", "r211", "r212", "r213", "r214", "r215", "r216", "r219", "r874", "r875", "r876", "r877", "r879", "r880", "r881" ] }, "incref_SelfStorageMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "SelfStorageMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Self-storage", "label": "Self-Storage [Member]", "documentation": "Self-Storage" } } }, "auth_ref": [] }, "us-gaap_SeniorLoansMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SeniorLoansMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofInvestmentsinCommercialRealEstateLoansDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Senior loans", "label": "Senior Loans [Member]", "documentation": "A senior loan takes priority over other debt securities sold by the issuer. In the event the issuer goes bankrupt, senior debt holders receive priority for [must receive] repayment [prior] relative to junior and unsecured (general) creditors." } } }, "auth_ref": [] }, "us-gaap_SeriesAPreferredStockMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SeriesAPreferredStockMember", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Series A Preferred Stock", "label": "Series A Preferred Stock [Member]", "documentation": "Series A preferred stock." } } }, "auth_ref": [ "r1061", "r1062", "r1129", "r1134" ] }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Share-based compensation, shares available for grant (in shares)", "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant", "documentation": "The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable." } } }, "auth_ref": [ "r38" ] }, "us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails", "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "All Award Types", "label": "Award Type [Domain]", "documentation": "Award under share-based payment arrangement." } } }, "auth_ref": [ "r358", "r359", "r360", "r361", "r362", "r363", "r364", "r365", "r366", "r367", "r368", "r369", "r370", "r371", "r372", "r373", "r374", "r375", "r376", "r377", "r378", "r380", "r381", "r382", "r383", "r384" ] }, "us-gaap_ShareBasedCompensationAwardTrancheOneMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensationAwardTrancheOneMember", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Tranche A Facility", "label": "Share-Based Payment Arrangement, Tranche One [Member]", "documentation": "First portion of award under share-based payment arrangement differentiated by vesting feature, including, but not limited to, performance measure or service period." } } }, "auth_ref": [ "r1136", "r1137", "r1138", "r1139", "r1140", "r1141", "r1142", "r1143", "r1144", "r1145", "r1146", "r1147", "r1148", "r1149", "r1150", "r1151", "r1152", "r1153", "r1154", "r1155", "r1156", "r1157", "r1158", "r1159", "r1160", "r1161" ] }, "us-gaap_ShareBasedCompensationAwardTrancheTwoMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensationAwardTrancheTwoMember", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Tranche B Facility", "label": "Share-Based Payment Arrangement, Tranche Two [Member]", "documentation": "Second portion of award under share-based payment arrangement differentiated by vesting feature, including, but not limited to, performance measure or service period." } } }, "auth_ref": [ "r1136", "r1137", "r1138", "r1139", "r1140", "r1141", "r1142", "r1143", "r1144", "r1145", "r1146", "r1147", "r1148", "r1149", "r1150", "r1151", "r1152", "r1153", "r1154", "r1155", "r1156", "r1157", "r1158", "r1159", "r1160", "r1161" ] }, "us-gaap_SignificantAccountingPoliciesTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SignificantAccountingPoliciesTextBlock", "presentation": [ "http://invesco.com/role/SummaryofSignificantAccountingPolicies" ], "lang": { "en-us": { "role": { "terseLabel": "Summary of Significant Accounting Policies", "label": "Significant Accounting Policies [Text Block]", "documentation": "The entire disclosure for all significant accounting policies of the reporting entity." } } }, "auth_ref": [ "r142", "r143" ] }, "us-gaap_SouthRegionMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SouthRegionMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "South", "label": "US South Region [Member]", "documentation": "Region of United States of America (US) designated as South." } } }, "auth_ref": [ "r1273", "r1274", "r1275", "r1276" ] }, "incref_StapledUnitsMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "StapledUnitsMember", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Stapled Units", "label": "Stapled Units [Member]", "documentation": "Stapled Units" } } }, "auth_ref": [] }, "us-gaap_StatementClassOfStockAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StatementClassOfStockAxis", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/Cover", "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails", "http://invesco.com/role/EquityScheduleofDistributionsDeclaredPerShareDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInOutstandingSharesOfRedeemableCommonStockDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInRedeemableCommonStockDetails", "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofSharesPurchasedByAffiliatesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofStockholderServicingFeesDetails", "http://invesco.com/role/RelatedPartyTransactionsScheduleofUpfrontSellingCommissionsandStockholderServicingFeeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class of Stock [Axis]", "label": "Class of Stock [Axis]", "documentation": "Information by the different classes of stock of the entity." } } }, "auth_ref": [ "r107", "r116", "r117", "r118", "r144", "r149", "r175", "r179", "r181", "r183", "r190", "r191", "r251", "r276", "r278", "r279", "r280", "r283", "r284", "r315", "r316", "r318", "r319", "r321", "r324", "r327", "r328", "r331", "r334", "r341", "r531", "r700", "r701", "r702", "r703", "r710", "r712", "r713", "r714", "r715", "r716", "r717", "r718", "r719", "r720", "r721", "r722", "r746", "r767", "r791", "r832", "r833", "r834", "r835", "r836", "r1050", "r1084", "r1086", "r1096" ] }, "us-gaap_StatementEquityComponentsAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StatementEquityComponentsAxis", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Equity Components [Axis]", "label": "Equity Components [Axis]", "documentation": "Information by component of equity." } } }, "auth_ref": [ "r13", "r64", "r67", "r68", "r108", "r110", "r111", "r127", "r128", "r129", "r155", "r156", "r157", "r159", "r166", "r168", "r170", "r189", "r252", "r253", "r262", "r313", "r342", "r387", "r401", "r402", "r404", "r405", "r406", "r408", "r409", "r410", "r483", "r484", "r485", "r486", "r487", "r488", "r489", "r490", "r491", "r492", "r495", "r541", "r542", "r543", "r544", "r545", "r546", "r550", "r552", "r553", "r681", "r689", "r690", "r691", "r710", "r791" ] }, "srt_StatementGeographicalAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "StatementGeographicalAxis", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsNarrativeDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Geographical [Axis]", "label": "Geographical [Axis]" } } }, "auth_ref": [ "r194", "r217", "r218", "r618", "r619", "r620", "r621", "r622", "r623", "r624", "r625", "r626", "r627", "r628", "r629", "r630", "r631", "r632", "r633", "r634", "r635", "r636", "r637", "r638", "r639", "r640", "r641", "r642", "r643", "r644", "r645", "r646", "r647", "r648", "r649", "r650", "r651", "r658", "r659", "r660", "r661", "r725", "r729", "r731", "r802", "r805", "r810", "r827", "r839", "r841", "r842", "r843", "r846", "r847", "r848", "r849", "r851", "r852", "r853", "r854", "r855", "r859", "r871", "r893", "r894", "r939", "r940", "r941", "r942", "r943", "r944", "r945", "r946", "r948", "r953", "r1230", "r1231", "r1232", "r1233", "r1234", "r1235", "r1236", "r1237", "r1238", "r1239", "r1240", "r1241", "r1242", "r1243", "r1244", "r1245", "r1246", "r1247", "r1248", "r1249", "r1250", "r1251", "r1252", "r1253", "r1254", "r1255", "r1256", "r1257" ] }, "us-gaap_StatementLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StatementLineItems", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnauditedParenthetical" ], "lang": { "en-us": { "role": { "terseLabel": "Statement [Line Items]", "label": "Statement [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r155", "r156", "r157", "r189", "r315", "r316", "r318", "r321", "r552", "r617", "r698", "r711", "r722", "r736", "r739", "r740", "r741", "r742", "r743", "r746", "r749", "r750", "r751", "r752", "r753", "r754", "r755", "r756", "r757", "r759", "r760", "r761", "r762", "r763", "r769", "r770", "r776", "r777", "r778", "r779", "r780", "r781", "r782", "r783", "r784", "r785", "r786", "r787", "r791", "r867", "r868", "r955", "r1264" ] }, "us-gaap_StatementOfCashFlowsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StatementOfCashFlowsAbstract", "lang": { "en-us": { "role": { "label": "Statement of Cash Flows [Abstract]" } } }, "auth_ref": [] }, "us-gaap_StatementOfFinancialPositionAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StatementOfFinancialPositionAbstract", "lang": { "en-us": { "role": { "label": "Statement of Financial Position [Abstract]" } } }, "auth_ref": [] }, "us-gaap_StatementOfStockholdersEquityAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StatementOfStockholdersEquityAbstract", "lang": { "en-us": { "role": { "label": "Statement of Stockholders' Equity [Abstract]" } } }, "auth_ref": [] }, "us-gaap_StatementTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StatementTable", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnauditedParenthetical" ], "lang": { "en-us": { "role": { "terseLabel": "Statement [Table]", "label": "Statement [Table]", "documentation": "Presentation of information about comprehensive income, income, other comprehensive income, financial position, cash flows, and shareholders' equity." } } }, "auth_ref": [ "r155", "r156", "r157", "r189", "r220", "r315", "r316", "r318", "r321", "r552", "r617", "r698", "r711", "r722", "r736", "r739", "r740", "r741", "r742", "r743", "r746", "r749", "r750", "r751", "r752", "r753", "r754", "r755", "r756", "r757", "r759", "r760", "r761", "r762", "r763", "r769", "r770", "r776", "r777", "r778", "r779", "r780", "r781", "r782", "r783", "r784", "r785", "r786", "r787", "r791", "r867", "r868", "r955", "r1264" ] }, "ecd_StkPrcOrTsrEstimationMethodTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "StkPrcOrTsrEstimationMethodTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Stock Price or TSR Estimation Method", "label": "Stock Price or TSR Estimation Method [Text Block]" } } }, "auth_ref": [ "r972", "r982", "r992", "r1024" ] }, "us-gaap_StockAppreciationRightsSARSMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockAppreciationRightsSARSMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Stock Appreciation Rights (SARs)", "label": "Stock Appreciation Rights (SARs) [Member]", "documentation": "Right to receive cash or shares equal to appreciation of predetermined number of grantor's shares during predetermined time period." } } }, "auth_ref": [ "r1136", "r1137", "r1138", "r1139", "r1140", "r1141", "r1142", "r1143", "r1144", "r1145", "r1146", "r1147", "r1148", "r1149", "r1150", "r1151", "r1152", "r1153", "r1154", "r1155", "r1156", "r1157", "r1158", "r1159", "r1160", "r1161" ] }, "us-gaap_StockIssued1": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockIssued1", "crdr": "credit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Issuance of redeemable common stock for payment of management and performance fees", "label": "Stock Issued", "documentation": "The fair value of stock issued in noncash financing activities." } } }, "auth_ref": [ "r24", "r25", "r26" ] }, "us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockIssuedDuringPeriodSharesDividendReinvestmentPlan", "presentation": [ "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Common stock distribution reinvestment (in shares)", "label": "Stock Issued During Period, Shares, Dividend Reinvestment Plan", "documentation": "Number of shares issued during the period from a dividend reinvestment plan (DRIP). A dividend reinvestment plan allows the shareholders to reinvest dividends paid to them by the entity on new issues of stock by the entity." } } }, "auth_ref": [ "r13", "r791", "r834" ] }, "us-gaap_StockIssuedDuringPeriodSharesNewIssues": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockIssuedDuringPeriodSharesNewIssues", "presentation": [ "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Issuance of common stock (in shares)", "label": "Stock Issued During Period, Shares, New Issues", "documentation": "Number of new stock issued during the period." } } }, "auth_ref": [ "r13", "r63", "r64", "r84", "r700", "r791", "r833" ] }, "us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockIssuedDuringPeriodValueDividendReinvestmentPlan", "crdr": "credit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Common stock distribution reinvestment", "label": "Stock Issued During Period, Value, Dividend Reinvestment Plan", "documentation": "Value of stock issued during the period from a dividend reinvestment plan (DRIP). A dividend reinvestment plan allows the holder of the stock to reinvest dividends paid to them by the entity on new issues of stock by the entity." } } }, "auth_ref": [ "r13", "r710", "r791", "r834", "r954", "r963" ] }, "us-gaap_StockIssuedDuringPeriodValueNewIssues": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockIssuedDuringPeriodValueNewIssues", "crdr": "credit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Proceeds from issuance of stock, net of offering costs", "label": "Stock Issued During Period, Value, New Issues", "documentation": "Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering." } } }, "auth_ref": [ "r13", "r63", "r64", "r84", "r710", "r791", "r833", "r963" ] }, "us-gaap_StockRedeemedOrCalledDuringPeriodShares": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockRedeemedOrCalledDuringPeriodShares", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Redeemed during period (in shares)", "label": "Stock Redeemed or Called During Period, Shares", "documentation": "Number of stock bought back by the entity at the exercise price or redemption price." } } }, "auth_ref": [ "r13" ] }, "us-gaap_StockRedeemedOrCalledDuringPeriodValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockRedeemedOrCalledDuringPeriodValue", "crdr": "debit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Redemption of preferred stock", "label": "Stock Redeemed or Called During Period, Value", "documentation": "Equity impact of the value of stock bought back by the entity at the exercise price or redemption price." } } }, "auth_ref": [ "r13" ] }, "incref_StockRepurchaseProgramMinimumNetAssetValueThreshold": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "StockRepurchaseProgramMinimumNetAssetValueThreshold", "crdr": "debit", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Stock repurchase, minimum net asset value threshold to submit", "label": "Stock Repurchase Program, Minimum Net Asset Value, Threshold", "documentation": "Stock Repurchase Program, Minimum Net Asset Value, Threshold" } } }, "auth_ref": [] }, "incref_StockRepurchaseProgramParticipationNetAssetValueThreshold": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "StockRepurchaseProgramParticipationNetAssetValueThreshold", "crdr": "debit", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Share repurchase plan participation, NAV threshold", "label": "Stock Repurchase Program, Participation, Net Asset Value, Threshold", "documentation": "Stock Repurchase Program, Participation, Net Asset Value, Threshold" } } }, "auth_ref": [] }, "us-gaap_StockRepurchasedAndRetiredDuringPeriodShares": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockRepurchasedAndRetiredDuringPeriodShares", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Repurchase of common stock (in shares)", "negatedTerseLabel": "Repurchase of common stock (in shares)", "label": "Stock Repurchased and Retired During Period, Shares", "documentation": "Number of shares that have been repurchased and retired during the period." } } }, "auth_ref": [ "r13", "r63", "r64", "r84" ] }, "us-gaap_StockRepurchasedAndRetiredDuringPeriodValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockRepurchasedAndRetiredDuringPeriodValue", "crdr": "debit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Repurchase of common stock", "terseLabel": "Repurchase of common stock", "label": "Stock Repurchased and Retired During Period, Value", "documentation": "Equity impact of the value of stock that has been repurchased and retired during the period. The excess of the purchase price over par value can be charged against retained earnings (once the excess is fully allocated to additional paid in capital)." } } }, "auth_ref": [ "r13", "r63", "r64", "r84" ] }, "incref_StockholderServicingFeesMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "StockholderServicingFeesMember", "presentation": [ "http://invesco.com/role/RelatedPartyTransactionsScheduleofComponentsofDuetoAffiliatesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Stockholder servicing fees", "label": "Stockholder Servicing Fees [Member]", "documentation": "Stockholder Servicing Fees" } } }, "auth_ref": [] }, "us-gaap_StockholdersEquity": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockholdersEquity", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "totalLabel": "Total stockholders\u2019 equity", "label": "Equity, Attributable to Parent", "documentation": "Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest." } } }, "auth_ref": [ "r64", "r67", "r68", "r78", "r748", "r764", "r792", "r793", "r937", "r964", "r1081", "r1086", "r1087", "r1111", "r1199", "r1270" ] }, "us-gaap_StockholdersEquityAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockholdersEquityAbstract", "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "EQUITY", "label": "Equity, Attributable to Parent [Abstract]" } } }, "auth_ref": [] }, "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited" ], "lang": { "en-us": { "role": { "totalLabel": "Total equity", "periodStartLabel": "Beginning balance", "periodEndLabel": "Ending balance", "label": "Equity, Including Portion Attributable to Noncontrolling Interest", "documentation": "Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity." } } }, "auth_ref": [ "r39", "r40", "r48", "r108", "r109", "r110", "r111", "r128", "r155", "r156", "r157", "r159", "r166", "r168", "r252", "r253", "r262", "r313", "r342", "r387", "r401", "r402", "r404", "r405", "r406", "r408", "r409", "r410", "r483", "r484", "r485", "r486", "r487", "r488", "r495", "r541", "r542", "r546", "r551", "r553", "r690", "r691", "r708", "r748", "r764", "r792", "r793", "r837", "r949", "r950", "r963", "r1081", "r1086", "r1087", "r1111", "r1199", "r1270" ] }, "us-gaap_StockholdersEquityNoteDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockholdersEquityNoteDisclosureTextBlock", "presentation": [ "http://invesco.com/role/Equity", "http://invesco.com/role/RedeemableCommonStockRelatedParty" ], "lang": { "en-us": { "role": { "verboseLabel": "Redeemable Common Stock - Related Party", "terseLabel": "Equity", "label": "Equity [Text Block]", "documentation": "The entire disclosure for equity." } } }, "auth_ref": [ "r81", "r326", "r328", "r330", "r331", "r332", "r333", "r334", "r335", "r336", "r337", "r338", "r340", "r342", "r480", "r494", "r794", "r796", "r838" ] }, "incref_StudentHousingMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "StudentHousingMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Student housing", "label": "Student Housing [Member]", "documentation": "Student Housing" } } }, "auth_ref": [] }, "incref_SubscriptionAgreementsCreditFacilityFundedTrancheMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "SubscriptionAgreementsCreditFacilityFundedTrancheMember", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Funded Tranche, Subscription Agreements Credit Facility", "label": "Subscription Agreements Credit Facility, Funded Tranche [Member]", "documentation": "Subscription Agreements Credit Facility, Funded Tranche" } } }, "auth_ref": [] }, "incref_SubscriptionAgreementsCreditFacilityMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "SubscriptionAgreementsCreditFacilityMember", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Subscription Agreements Credit Facility", "label": "Subscription Agreements Credit Facility [Member]", "documentation": "Subscription Agreements Credit Facility" } } }, "auth_ref": [] }, "incref_SubscriptionAgreementsCreditFacilityUncommittedTrancheMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "SubscriptionAgreementsCreditFacilityUncommittedTrancheMember", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Uncommitted Tranche, Subscription Agreements Credit Facility", "label": "Subscription Agreements Credit Facility, Uncommitted Tranche [Member]", "documentation": "Subscription Agreements Credit Facility, Uncommitted Tranche" } } }, "auth_ref": [] }, "incref_SubscriptionsPaidInAdvance": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "SubscriptionsPaidInAdvance", "crdr": "credit", "calculation": { "http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails": { "parentTag": "incref_AccountsPayableAccruedLiabilitiesAndOtherLiabilities", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/AccountsPayableAccruedExpensesandOtherLiabilitiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Subscriptions paid in advance", "label": "Subscriptions Paid In Advance", "documentation": "Subscriptions Paid In Advance" } } }, "auth_ref": [] }, "us-gaap_SubsequentEventLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SubsequentEventLineItems", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Subsequent Event [Line Items]", "label": "Subsequent Event [Line Items]", "documentation": "Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event." } } }, "auth_ref": [ "r547", "r564" ] }, "us-gaap_SubsequentEventMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SubsequentEventMember", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Subsequent Event", "label": "Subsequent Event [Member]", "documentation": "Identifies event that occurred after the balance sheet date but before financial statements are issued or available to be issued." } } }, "auth_ref": [ "r547", "r564" ] }, "us-gaap_SubsequentEventTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SubsequentEventTable", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Subsequent Event [Table]", "label": "Subsequent Event [Table]", "documentation": "Disclosure of information about significant event or transaction occurring between statement of financial position date and date when financial statements were issued." } } }, "auth_ref": [ "r547", "r564" ] }, "us-gaap_SubsequentEventTypeAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SubsequentEventTypeAxis", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Subsequent Event Type [Axis]", "label": "Subsequent Event Type [Axis]", "documentation": "Information by event that occurred after the balance sheet date but before financial statements are issued or available to be issued." } } }, "auth_ref": [ "r547", "r564" ] }, "us-gaap_SubsequentEventTypeDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SubsequentEventTypeDomain", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails", "http://invesco.com/role/SubsequentEventsScheduleofRedemptionsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Subsequent Event Type [Domain]", "label": "Subsequent Event Type [Domain]", "documentation": "Event that occurred after the balance sheet date but before financial statements are issued or available to be issued." } } }, "auth_ref": [ "r547", "r564" ] }, "us-gaap_SubsequentEventsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SubsequentEventsAbstract", "lang": { "en-us": { "role": { "label": "Subsequent Events [Abstract]" } } }, "auth_ref": [] }, "us-gaap_SubsequentEventsTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SubsequentEventsTextBlock", "presentation": [ "http://invesco.com/role/SubsequentEvents" ], "lang": { "en-us": { "role": { "terseLabel": "Subsequent Events", "label": "Subsequent Events [Text Block]", "documentation": "The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business." } } }, "auth_ref": [ "r563", "r565" ] }, "srt_SubsidiariesMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "SubsidiariesMember", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Subsidiaries", "label": "Subsidiaries [Member]" } } }, "auth_ref": [ "r1135", "r1210", "r1211", "r1212" ] }, "us-gaap_SubsidiarySaleOfStockAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SubsidiarySaleOfStockAxis", "presentation": [ "http://invesco.com/role/EquityNarrativeDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails", "http://invesco.com/role/SubsequentEventsScheduleofIssuancesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Sale of Stock [Axis]", "label": "Sale of Stock [Axis]", "documentation": "Information by type of sale of the entity's stock." } } }, "auth_ref": [] }, "us-gaap_SupplementalCashFlowInformationAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SupplementalCashFlowInformationAbstract", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Supplemental disclosures:", "label": "Supplemental Cash Flow Information [Abstract]" } } }, "auth_ref": [] }, "ecd_TabularListTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TabularListTableTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Tabular List, Table", "label": "Tabular List [Table Text Block]" } } }, "auth_ref": [ "r1018" ] }, "us-gaap_TemporaryEquityByClassOfStockTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "TemporaryEquityByClassOfStockTable", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInOutstandingSharesOfRedeemableCommonStockDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInRedeemableCommonStockDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Temporary Equity, by Class of Stock [Table]", "label": "Temporary Equity, by Class of Stock [Table]", "documentation": "Disclosure of information about equity instrument classified as temporary equity. Includes, but not is limited to, description of share, value, share authorized, issued, and outstanding, redemption price per share, and subscription receivable." } } }, "auth_ref": [ "r15", "r316", "r318", "r319", "r324" ] }, "us-gaap_TemporaryEquityCarryingAmountAttributableToParent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "TemporaryEquityCarryingAmountAttributableToParent", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInRedeemableCommonStockDetails", "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Redeemable common stock - related party (see Note 11)", "periodStartLabel": "Beginning balance", "periodEndLabel": "Ending balance", "verboseLabel": "Redeemable common stock", "label": "Temporary Equity, Carrying Amount, Attributable to Parent", "documentation": "Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer." } } }, "auth_ref": [ "r276", "r278", "r279", "r280", "r283", "r284", "r315", "r316", "r318", "r322", "r389", "r391", "r673" ] }, "us-gaap_TemporaryEquityDisclosureAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "TemporaryEquityDisclosureAbstract", "lang": { "en-us": { "role": { "label": "Temporary Equity Disclosure [Abstract]" } } }, "auth_ref": [] }, "us-gaap_TemporaryEquityLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "TemporaryEquityLineItems", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInOutstandingSharesOfRedeemableCommonStockDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInRedeemableCommonStockDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Temporary Equity [Line Items]", "label": "Temporary Equity [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r316", "r318", "r319", "r321", "r324" ] }, "us-gaap_TemporaryEquityOtherChanges": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "TemporaryEquityOtherChanges", "crdr": "credit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInRedeemableCommonStockDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Adjustment to the carrying value of redeemable common stock", "label": "Temporary Equity, Other Changes", "documentation": "Amount of increase (decrease) in temporary equity from changes classified as other." } } }, "auth_ref": [ "r1128", "r1130", "r1131", "r1132" ] }, "us-gaap_TemporaryEquitySharesOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "TemporaryEquitySharesOutstanding", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInOutstandingSharesOfRedeemableCommonStockDetails" ], "lang": { "en-us": { "role": { "periodStartLabel": "Beginning balance (in shares)", "periodEndLabel": "Ending balance (in shares)", "label": "Temporary Equity, Shares Outstanding", "documentation": "The number of securities classified as temporary equity that have been issued and are held by the entity's shareholders. Securities outstanding equals securities issued minus securities held in treasury. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer." } } }, "auth_ref": [ "r62", "r318" ] }, "incref_TemporaryEquityStockIssuedDuringPeriodSharesManagementFeesNewIssues": { "xbrltype": "sharesItemType", "nsuri": "http://invesco.com/20260331", "localname": "TemporaryEquityStockIssuedDuringPeriodSharesManagementFeesNewIssues", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Issuance of redeemable common stock, management fees (in shares)", "label": "Temporary Equity, Stock Issued During Period, Shares, Management Fees, New Issues", "documentation": "Temporary Equity, Stock Issued During Period, Shares, Management Fees, New Issues" } } }, "auth_ref": [] }, "incref_TemporaryEquityStockIssuedDuringPeriodSharesNewIssues": { "xbrltype": "sharesItemType", "nsuri": "http://invesco.com/20260331", "localname": "TemporaryEquityStockIssuedDuringPeriodSharesNewIssues", "presentation": [ "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInOutstandingSharesOfRedeemableCommonStockDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Issuance of redeemable common stock (in shares)", "label": "Temporary Equity, Stock Issued During Period, Shares, New Issues", "documentation": "Temporary Equity, Stock Issued During Period, Shares, New Issues" } } }, "auth_ref": [] }, "incref_TemporaryEquityStockIssuedDuringPeriodSharesPerformanceFeesNewIssues": { "xbrltype": "sharesItemType", "nsuri": "http://invesco.com/20260331", "localname": "TemporaryEquityStockIssuedDuringPeriodSharesPerformanceFeesNewIssues", "presentation": [ "http://invesco.com/role/RedeemableCommonStockRelatedPartyNarrativeDetails", "http://invesco.com/role/RelatedPartyTransactionsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Issuance of redeemable common stock, performance fees (in shares)", "label": "Temporary Equity, Stock Issued During Period, Shares, Performance Fees, New Issues", "documentation": "Temporary Equity, Stock Issued During Period, Shares, Performance Fees, New Issues" } } }, "auth_ref": [] }, "us-gaap_TemporaryEquityStockIssuedDuringPeriodValueNewIssues": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "TemporaryEquityStockIssuedDuringPeriodValueNewIssues", "crdr": "credit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInRedeemableCommonStockDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Proceeds from issuance of redeemable common stock", "verboseLabel": "Issuance of redeemable common stock", "label": "Temporary Equity, Stock Issued During Period, Value, New Issues", "documentation": "Value of new stock classified as temporary equity issued during the period." } } }, "auth_ref": [ "r1128", "r1130", "r1131", "r1132" ] }, "incref_TemporaryEquityStockRepurchasedDuringPeriodShares": { "xbrltype": "sharesItemType", "nsuri": "http://invesco.com/20260331", "localname": "TemporaryEquityStockRepurchasedDuringPeriodShares", "presentation": [ "http://invesco.com/role/EquityScheduleofChangesinSharesofCommonStockDetails", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInOutstandingSharesOfRedeemableCommonStockDetails" ], "lang": { "en-us": { "role": { "negatedLabel": "Repurchase of redeemable common stock (in shares)", "negatedTerseLabel": "Repurchase of redeemable common stock", "label": "Temporary Equity, Stock Repurchased During Period, Shares", "documentation": "Temporary Equity, Stock Repurchased During Period, Shares" } } }, "auth_ref": [] }, "incref_TemporaryEquityStockRepurchasedDuringPeriodValue": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "TemporaryEquityStockRepurchasedDuringPeriodValue", "crdr": "debit", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofChangesinEquityandRedeemableCommonStockUnaudited", "http://invesco.com/role/RedeemableCommonStockRelatedPartyScheduleofChangesInRedeemableCommonStockDetails" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Repurchase of redeemable common stock", "label": "Temporary Equity, Stock Repurchased During Period, Value", "documentation": "Temporary Equity, Stock Repurchased During Period, Value" } } }, "auth_ref": [] }, "incref_TermLendingAgreementAtFairValue": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "TermLendingAgreementAtFairValue", "crdr": "credit", "calculation": { "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Term lending agreements, at fair value", "label": "Term Lending Agreement, At Fair Value", "documentation": "Term Lending Agreement, At Fair Value" } } }, "auth_ref": [] }, "incref_TermLendingAgreementMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "TermLendingAgreementMember", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofMaturitiesofOutstandingBorrowingsDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofReconciliationDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Term Lending Agreements", "terseLabel": "Term Lending Agreements", "label": "Term Lending Agreement [Member]", "documentation": "Term Lending Agreement" } } }, "auth_ref": [] }, "ecd_TotalShareholderRtnAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TotalShareholderRtnAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Total Shareholder Return Amount", "label": "Total Shareholder Return Amount" } } }, "auth_ref": [ "r1010" ] }, "ecd_TotalShareholderRtnVsPeerGroupTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TotalShareholderRtnVsPeerGroupTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Total Shareholder Return Vs Peer Group", "label": "Total Shareholder Return Vs Peer Group [Text Block]" } } }, "auth_ref": [ "r1017" ] }, "ecd_TradingArrAxis": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TradingArrAxis", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Trading Arrangement:", "label": "Trading Arrangement [Axis]" } } }, "auth_ref": [ "r1037" ] }, "ecd_TradingArrByIndTable": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TradingArrByIndTable", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Trading Arrangements, by Individual", "label": "Trading Arrangements, by Individual [Table]" } } }, "auth_ref": [ "r1039" ] }, "us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount", "crdr": "debit", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsNarrativeDetails", "http://invesco.com/role/CollateralizedLoanObligationsScheduleofCollateralizedLoanObligationsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Collateral, Fair Value", "verboseLabel": "Collateral at fair value", "label": "Transfers Accounted for as Secured Borrowings, Assets, Carrying Amount", "documentation": "Carrying amount of financial assets accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented." } } }, "auth_ref": [ "r10" ] }, "incref_TransfersAccountedForAsSecuredBorrowingsAssetsPrincipalAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://invesco.com/20260331", "localname": "TransfersAccountedForAsSecuredBorrowingsAssetsPrincipalAmount", "crdr": "debit", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofCollateralizedLoanObligationsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Collateral, Principal Balance Outstanding", "label": "Transfers Accounted For As Secured Borrowings, Assets, Principal Amount", "documentation": "Transfers Accounted For As Secured Borrowings, Assets, Principal Amount" } } }, "auth_ref": [] }, "us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount", "crdr": "credit", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofCollateralizedLoanObligationsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Facility, Amount Outstanding", "label": "Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount", "documentation": "Carrying amount of liabilities associated with financial assets accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented." } } }, "auth_ref": [ "r588" ] }, "incref_TransfersAccountedForAsSecuredBorrowingsNumberOfInstruments": { "xbrltype": "integerItemType", "nsuri": "http://invesco.com/20260331", "localname": "TransfersAccountedForAsSecuredBorrowingsNumberOfInstruments", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofCollateralizedLoanObligationsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Collateral, Count", "label": "Transfers Accounted for as Secured Borrowings, Number Of Instruments", "documentation": "Transfers Accounted for as Secured Borrowings, Number Of Instruments" } } }, "auth_ref": [] }, "us-gaap_TransfersAndServicingAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "TransfersAndServicingAbstract", "lang": { "en-us": { "role": { "label": "Transfers and Servicing [Abstract]" } } }, "auth_ref": [] }, "us-gaap_TransfersAndServicingOfFinancialAssetsTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "TransfersAndServicingOfFinancialAssetsTextBlock", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligations" ], "lang": { "en-us": { "role": { "terseLabel": "Collateralized Loan Obligations", "label": "Transfers and Servicing of Financial Assets [Text Block]", "documentation": "The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows." } } }, "auth_ref": [ "r482", "r566", "r567", "r568", "r573", "r577", "r578", "r579", "r584", "r585", "r589", "r590", "r592", "r595", "r596", "r597", "r602", "r603", "r610", "r612", "r737", "r1223" ] }, "us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsNarrativeDetails", "http://invesco.com/role/CollateralizedLoanObligationsScheduleofCollateralizedLoanObligationsDetails", "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsNarrativeDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofInvestmentsinCommercialRealEstateLoansDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails", "http://invesco.com/role/CommitmentsandContingenciesDetails", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnaudited", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical", "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited", "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofUnrealizedForeignExchangeImpactRecognizedInCondensedConsolidatedStatementsOfComprehensiveIncomeDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofAssetsandLiabilitiesMeasuredAtFairValueOnARecurringBasisDetails", "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails", "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfGainLossOnRealEstateRelatedSecuritiesDetails", "http://invesco.com/role/RealEstateRelatedSecuritiesScheduleOfRealEstateRelatedSecuritiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Financial Instruments [Domain]", "label": "Financial Instruments [Domain]", "documentation": "Instrument or contract that imposes a contractual obligation to deliver cash or another financial instrument or to exchange other financial instruments on potentially unfavorable terms and conveys a contractual right to receive cash or another financial instrument or to exchange other financial instruments on potentially favorable terms." } } }, "auth_ref": [ "r221", "r222", "r223", "r224", "r225", "r226", "r227", "r228", "r229", "r230", "r231", "r232", "r233", "r234", "r235", "r236", "r237", "r238", "r239", "r240", "r241", "r242", "r243", "r244", "r245", "r246", "r247", "r248", "r249", "r250", "r310", "r339", "r480", "r493", "r521", "r530", "r536", "r567", "r568", "r569", "r570", "r571", "r572", "r574", "r575", "r576", "r580", "r581", "r582", "r583", "r586", "r591", "r598", "r599", "r600", "r601", "r604", "r605", "r606", "r607", "r608", "r609", "r610", "r611", "r613", "r614", "r615", "r665", "r682", "r920", "r921", "r923", "r924", "r925", "r926", "r927", "r928", "r929", "r938", "r1052", "r1053", "r1054", "r1055", "r1056", "r1057", "r1058", "r1107", "r1108", "r1109", "r1110", "r1177", "r1180", "r1181", "r1182", "r1189", "r1192", "r1194", "r1195" ] }, "ecd_TrdArrAdoptionDate": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TrdArrAdoptionDate", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Adoption Date", "label": "Trading Arrangement Adoption Date" } } }, "auth_ref": [ "r1040" ] }, "ecd_TrdArrDuration": { "xbrltype": "durationItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TrdArrDuration", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Arrangement Duration", "label": "Trading Arrangement Duration" } } }, "auth_ref": [ "r1041" ] }, "ecd_TrdArrExpirationDate": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TrdArrExpirationDate", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Expiration Date", "label": "Trading Arrangement Expiration Date" } } }, "auth_ref": [ "r1041" ] }, "ecd_TrdArrIndName": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TrdArrIndName", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Name", "label": "Trading Arrangement, Individual Name" } } }, "auth_ref": [ "r1039" ] }, "ecd_TrdArrIndTitle": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TrdArrIndTitle", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Title", "label": "Trading Arrangement, Individual Title" } } }, "auth_ref": [ "r1039" ] }, "ecd_TrdArrSecuritiesAggAvailAmt": { "xbrltype": "sharesItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TrdArrSecuritiesAggAvailAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Aggregate Available", "label": "Trading Arrangement, Securities Aggregate Available Amount" } } }, "auth_ref": [ "r1042" ] }, "ecd_TrdArrTerminationDate": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TrdArrTerminationDate", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Termination Date", "label": "Trading Arrangement Termination Date" } } }, "auth_ref": [ "r1040" ] }, "country_US": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/country/2025", "localname": "US", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsNarrativeDetails", "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "United States", "label": "UNITED STATES" } } }, "auth_ref": [] }, "currency_USD": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/currency/2025", "localname": "USD", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "United States of America, Dollars", "label": "United States of America, Dollars" } } }, "auth_ref": [] }, "incref_USDEURForeignExchangeForwardMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "USDEURForeignExchangeForwardMember", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "USD/Euro Foreign Exchange Forward", "label": "USD/EUR Foreign Exchange Forward [Member]", "documentation": "USD/EUR Foreign Exchange Forward" } } }, "auth_ref": [] }, "incref_USDGBPForeignExchangeForwardMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "USDGBPForeignExchangeForwardMember", "presentation": [ "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofChangesintheNotionalAmountofourCurrencyForwardContractsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "USD/GBP Foreign Exchange Forward", "label": "USD/GBP Foreign Exchange Forward [Member]", "documentation": "USD/GBP Foreign Exchange Forward" } } }, "auth_ref": [] }, "ecd_UndrlygSecurityMktPriceChngPct": { "xbrltype": "pureItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "UndrlygSecurityMktPriceChngPct", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Underlying Security Market Price Change", "label": "Underlying Security Market Price Change, Percent" } } }, "auth_ref": [ "r1036" ] }, "us-gaap_UnfundedLoanCommitmentMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "UnfundedLoanCommitmentMember", "presentation": [ "http://invesco.com/role/CommitmentsandContingenciesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Unfunded Loan Commitment", "label": "Unfunded Loan Commitment [Member]", "documentation": "Undisbursed funds of a credit facility in which the borrower may draw upon." } } }, "auth_ref": [ "r1106" ] }, "us-gaap_UnrealizedGainLossOnDerivatives": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "UnrealizedGainLossOnDerivatives", "crdr": "credit", "calculation": { "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofEffectofCurrencyForwardContractsReportedinGainLossonDerivativeInstrumentsDetails": { "parentTag": "us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet", "weight": 1.0, "order": 1.0 }, "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0, "order": 5.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementofCashFlowsUnaudited", "http://invesco.com/role/DerivativesandHedgingActivitiesScheduleofEffectofCurrencyForwardContractsReportedinGainLossonDerivativeInstrumentsDetails" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "(Gain) loss on derivative instruments, net", "terseLabel": "Unrealized gain (loss), net", "label": "Unrealized Gain (Loss) on Derivatives", "documentation": "The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period." } } }, "auth_ref": [ "r7", "r784", "r785", "r786", "r787", "r815" ] }, "us-gaap_UseOfEstimates": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "UseOfEstimates", "presentation": [ "http://invesco.com/role/SummaryofSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "terseLabel": "Use of Estimates", "label": "Use of Estimates, Policy [Policy Text Block]", "documentation": "Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles." } } }, "auth_ref": [ "r103", "r104", "r192", "r195", "r196", "r197", "r658", "r660", "r872" ] }, "us-gaap_ValuationTechniqueAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ValuationTechniqueAxis", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Valuation Approach and Technique [Axis]", "label": "Valuation Approach and Technique [Axis]", "documentation": "Information by valuation approach and technique." } } }, "auth_ref": [ "r501", "r502", "r902", "r904", "r923", "r1182" ] }, "us-gaap_ValuationTechniqueDiscountedCashFlowMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ValuationTechniqueDiscountedCashFlowMember", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Valuation Technique, Discounted cash flow", "label": "Valuation Technique, Discounted Cash Flow [Member]", "documentation": "Valuation technique calculating present value of future cash flows." } } }, "auth_ref": [ "r884", "r885", "r923", "r1180", "r1181", "r1182" ] }, "us-gaap_ValuationTechniqueDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ValuationTechniqueDomain", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Valuation Approach and Technique [Domain]", "label": "Valuation Approach and Technique [Domain]", "documentation": "Valuation approach and technique." } } }, "auth_ref": [ "r501", "r502", "r902", "r904", "r923", "r1182" ] }, "us-gaap_VariableInterestEntityLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "VariableInterestEntityLineItems", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Variable Interest Entity [Line Items]", "label": "Variable Interest Entity [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r412", "r413", "r417", "r418", "r587", "r588", "r589" ] }, "us-gaap_VariableInterestEntityPrimaryBeneficiaryMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "VariableInterestEntityPrimaryBeneficiaryMember", "presentation": [ "http://invesco.com/role/CollateralizedLoanObligationsScheduleofConsolidatedVIEDetails", "http://invesco.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical" ], "lang": { "en-us": { "role": { "terseLabel": "Variable Interest Entity, Primary Beneficiary", "label": "Variable Interest Entity, Primary Beneficiary [Member]", "documentation": "Variable Interest Entities (VIE) in which the entity has a controlling financial interest (as defined) and of which it is therefore the primary beneficiary. A controlling financial interest is determined based on both: (a) the entity's power to direct activities of the VIE that most significantly impact the VIE's economic performance and (b) the entity's obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. VIEs of which the entity is the primary beneficiary are included in the consolidated financial statements of the entity." } } }, "auth_ref": [ "r43", "r412", "r413", "r417", "r418" ] }, "incref_VariousU.SMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "VariousU.SMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Various U.S", "label": "Various U.S [Member]", "documentation": "Various U.S" } } }, "auth_ref": [] }, "us-gaap_VestingAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "VestingAxis", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Vesting [Axis]", "label": "Vesting [Axis]", "documentation": "Information by vesting schedule of award under share-based payment arrangement." } } }, "auth_ref": [ "r1136", "r1137", "r1138", "r1139", "r1140", "r1141", "r1142", "r1143", "r1144", "r1145", "r1146", "r1147", "r1148", "r1149", "r1150", "r1151", "r1152", "r1153", "r1154", "r1155", "r1156", "r1157", "r1158", "r1159", "r1160", "r1161" ] }, "us-gaap_VestingDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "VestingDomain", "presentation": [ "http://invesco.com/role/SubsequentEventsNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Vesting [Domain]", "label": "Vesting [Domain]", "documentation": "Vesting schedule of award under share-based payment arrangement." } } }, "auth_ref": [ "r1136", "r1137", "r1138", "r1139", "r1140", "r1141", "r1142", "r1143", "r1144", "r1145", "r1146", "r1147", "r1148", "r1149", "r1150", "r1151", "r1152", "r1153", "r1154", "r1155", "r1156", "r1157", "r1158", "r1159", "r1160", "r1161" ] }, "ecd_VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year", "label": "Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year [Member]" } } }, "auth_ref": [ "r1006" ] }, "srt_WeightedAverageMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "WeightedAverageMember", "presentation": [ "http://invesco.com/role/FairValueofFinancialInstrumentsScheduleofSignificantUnobservableInputsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Weighted Average", "label": "Weighted Average [Member]" } } }, "auth_ref": [ "r381", "r382", "r503", "r593", "r856", "r857", "r923", "r1215", "r1217", "r1220" ] }, "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "WeightedAverageNumberOfDilutedSharesOutstanding", "calculation": { "http://invesco.com/role/EarningsperCommonShareDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/EarningsperCommonShareDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Diluted (in shares)", "totalLabel": "Diluted weighted average common shares outstanding (in shares)", "label": "Weighted Average Number of Shares Outstanding, Diluted", "documentation": "The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period." } } }, "auth_ref": [ "r174", "r183" ] }, "us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "WeightedAverageNumberOfSharesOutstandingAbstract", "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited" ], "lang": { "en-us": { "role": { "terseLabel": "Weighted average number of shares of common stock", "label": "Weighted Average Number of Shares Outstanding, Diluted [Abstract]" } } }, "auth_ref": [] }, "us-gaap_WeightedAverageNumberOfSharesOutstandingBasic": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "WeightedAverageNumberOfSharesOutstandingBasic", "calculation": { "http://invesco.com/role/EarningsperCommonShareDetails": { "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://invesco.com/role/CondensedConsolidatedStatementsofComprehensiveIncomeUnaudited", "http://invesco.com/role/EarningsperCommonShareDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Basic (in shares)", "verboseLabel": "Weighted average common shares outstanding (in shares)", "label": "Weighted Average Number of Shares Outstanding, Basic", "documentation": "Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period." } } }, "auth_ref": [ "r172", "r183" ] }, "incref_WellsFargoMember": { "xbrltype": "domainItemType", "nsuri": "http://invesco.com/20260331", "localname": "WellsFargoMember", "presentation": [ "http://invesco.com/role/BorrowingsNarrativeDetails", "http://invesco.com/role/BorrowingsScheduleofNetExposureWithCounterpartiesWhereAmountAtRiskExceeded100ofStockholdersEquityDetails", "http://invesco.com/role/BorrowingsScheduleofRepurchaseAgreementandRevolvingLineofCreditBorrowingsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Wells Fargo", "label": "Wells Fargo [Member]", "documentation": "Wells Fargo" } } }, "auth_ref": [] }, "us-gaap_WestRegionMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "WestRegionMember", "presentation": [ "http://invesco.com/role/CommercialRealEstateLoanInvestmentsScheduleofPropertyTypeAndGeographicDistributionDetails" ], "lang": { "en-us": { "role": { "terseLabel": "West", "label": "US West Region [Member]", "documentation": "Region of United States of America (US) designated as West." } } }, "auth_ref": [ "r1273", "r1274", "r1275", "r1276" ] }, "ecd_YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested", "label": "Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]" } } }, "auth_ref": [ "r1004" ] } } } }, "std_ref": { "r0": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "SubTopic": "230", "Topic": "830", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477401/830-230-45-1" }, "r1": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "10A", "SubTopic": "10", "Topic": "220", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-10A" }, "r2": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "10A", "Subparagraph": "(a)", "SubTopic": "10", "Topic": "220", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-10A" }, "r3": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "14", "Subparagraph": "(a)", "SubTopic": "10", "Topic": "230", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-14" }, "r4": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "SubTopic": "405", "Topic": "942", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477787/942-405-45-2" }, "r5": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "20", "SubTopic": "10", "Topic": "810", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-20" }, "r6": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "28", "Subparagraph": "(a)", "SubTopic": "10", "Topic": "230", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-28" }, "r7": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "28", "Subparagraph": "(b)", "SubTopic": "10", "Topic": "230", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-28" }, "r8": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "SubTopic": "10", "Topic": "470", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481544/470-10-50-1" }, "r9": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "SubTopic": "10", "Topic": "850", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483326/850-10-50-1" }, "r10": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(b)(1)", "SubTopic": "30", "Topic": "860", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481420/860-30-50-1A" }, "r11": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(c)(2)", "SubTopic": "10", "Topic": "810", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-1A" }, "r12": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(c)(3)", "SubTopic": "10", "Topic": "810", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-1A" }, "r13": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "SubTopic": "10", "Topic": "505", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-2" }, "r14": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(22))", "SubTopic": "10", "Topic": "210", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r15": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(27))", "SubTopic": "10", "Topic": "210", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r16": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "220", "SubTopic": "10", "Section": "45", "Paragraph": "14", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-14" }, "r17": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "220", "SubTopic": "10", "Section": "45", "Paragraph": "14A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-14A" }, "r18": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "45", "Paragraph": "12", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-12" }, "r19": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "45", "Paragraph": "14", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-14" }, "r20": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "45", "Paragraph": "14", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-14" }, "r21": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "45", "Paragraph": "15", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-15" }, "r22": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "45", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-4" }, "r23": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482913/230-10-50-1" }, "r24": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482913/230-10-50-3" }, "r25": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482913/230-10-50-4" }, "r26": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482913/230-10-50-5" }, "r27": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "260", "SubTopic": "10", "Section": "45", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-11" }, "r28": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "470", "SubTopic": "10", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481544/470-10-50-5" }, "r29": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481142/505-10-45-2" }, "r30": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-10" }, "r31": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-11" }, "r32": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-3" }, "r33": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-4" }, "r34": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-5" }, "r35": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "5", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-5" }, "r36": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-8" }, "r37": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "S99", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480008/505-10-S99-1" }, "r38": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "718", "SubTopic": "10", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r39": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "45", "Paragraph": "15", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-15" }, "r40": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "45", "Paragraph": "16", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-16" }, "r41": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "45", "Paragraph": "21", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-21" }, "r42": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-1" }, "r43": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-3" }, "r44": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-4" }, "r45": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "50", "Paragraph": "5A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-5A" }, "r46": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-6" }, "r47": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "50", "Paragraph": "9", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-9" }, "r48": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "55", "Paragraph": "4I", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481175/810-10-55-4I" }, "r49": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "55", "Paragraph": "4J", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481175/810-10-55-4J" }, "r50": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "55", "Paragraph": "4K", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481175/810-10-55-4K" }, "r51": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "942", "SubTopic": "470", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477734/942-470-50-3" }, "r52": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(19)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r53": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(19)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r54": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(19))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r55": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(20))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r56": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(21))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r57": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(22)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r58": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(23))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r59": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(24))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r60": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(25))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r61": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(26))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r62": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(27)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r63": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(28))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r64": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(29))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r65": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(30)(a)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r66": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(30)(a)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r67": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(30))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r68": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(31))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r69": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(32))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r70": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-11" }, "r71": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r72": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(8))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r73": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "15", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-15" }, "r74": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "15", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-15" }, "r75": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "24", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-24" }, "r76": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "25", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-25" }, "r77": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "28", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-28" }, "r78": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "310", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SAB Topic 4.E)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480418/310-10-S99-2" }, "r79": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "440", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/440/tableOfContent" }, "r80": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "470", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/470/tableOfContent" }, "r81": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "505", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/505/tableOfContent" }, "r82": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-6" }, "r83": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-7" }, "r84": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.3-04)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480008/505-10-S99-1" }, "r85": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "19", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-19" }, "r86": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "23", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-23" }, "r87": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-1A" }, "r88": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(1)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r89": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(10))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r90": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(11))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r91": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(13))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r92": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(15)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r93": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(15)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r94": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(15))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r95": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(16))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r96": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(17))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r97": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(22))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r98": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(23))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r99": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-04(13))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1" }, "r100": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-04(14))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1" }, "r101": { "role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32" }, "r102": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Subparagraph": "(a)", "SubTopic": "20", "Topic": "740", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482659/740-20-45-2" }, "r103": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)", "SubTopic": "10", "Topic": "275", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-1" }, "r104": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "SubTopic": "10", "Topic": "275", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-1" }, "r105": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(a)", "SubTopic": "10", "Topic": "825", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-32" }, "r106": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(h))", "SubTopic": "10", "Topic": "235", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r107": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "a", "Publisher": "SEC" }, "r108": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "105", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479343/105-10-65-6" }, "r109": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "105", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479343/105-10-65-6" }, "r110": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "105", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "9", "Subparagraph": "(d)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479343/105-10-65-9" }, "r111": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "105", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "9", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479343/105-10-65-9" }, "r112": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "205", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483499/205-20-50-7" }, "r113": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r114": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(17))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r115": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(18))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r116": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(27)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r117": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(28))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r118": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(29))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r119": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(30)(a)(4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r120": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483466/210-20-50-3" }, "r121": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483444/210-20-55-10" }, "r122": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1A", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-1A" }, "r123": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1A", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-1A" }, "r124": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-1B" }, "r125": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1B", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-1B" }, "r126": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-1" }, "r127": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-4" }, "r128": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-5" }, "r129": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-6" }, "r130": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(22))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r131": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(23))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r132": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(25))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r133": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5", "Subparagraph": "(SAB Topic 6.B)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-5" }, "r134": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-21" }, "r135": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(o)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r136": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "17", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-17" }, "r137": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-2" }, "r138": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "24", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-24" }, "r139": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "25", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-25" }, "r140": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482913/230-10-50-2" }, "r141": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482913/230-10-50-8" }, "r142": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/235/tableOfContent" }, "r143": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483426/235-10-50-1" }, "r144": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480738/235-10-S50-1" }, "r145": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480738/235-10-S50-4" }, "r146": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r147": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(c))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r148": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(g)(1)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r149": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(g)(1)(ii))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r150": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(k)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r151": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(k)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r152": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(m)(1)(iii))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r153": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(m)(2)(ii))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r154": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-04(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-3" }, "r155": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "23", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-23" }, "r156": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "24", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-24" }, "r157": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "5", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-5" }, "r158": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-1" }, "r159": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-1" }, "r160": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-1" }, "r161": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-1" }, "r162": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-11" }, "r163": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-11" }, "r164": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-3" }, "r165": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-4" }, "r166": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-6" }, "r167": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-7" }, "r168": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-7" }, "r169": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-8" }, "r170": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-9" }, "r171": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/260/tableOfContent" }, "r172": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-10" }, "r173": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-11" }, "r174": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "16", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-16" }, "r175": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-2" }, "r176": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "22", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-22" }, "r177": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "23", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-23" }, "r178": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "28A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-28A" }, "r179": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-3" }, "r180": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "60B", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-60B" }, "r181": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "60B", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-60B" }, "r182": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-7" }, "r183": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-1" }, "r184": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-1" }, "r185": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-2" }, "r186": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-3" }, "r187": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "15", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482635/260-10-55-15" }, "r188": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "270", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482964/270-10-50-1" }, "r189": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "272", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483014/272-10-45-1" }, "r190": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "272", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482987/272-10-50-1" }, "r191": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "272", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482987/272-10-50-3" }, "r192": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "12", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-12" }, "r193": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "20", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-20" }, "r194": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "20", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-20" }, "r195": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-4" }, "r196": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-6" }, "r197": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-9" }, "r198": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/280/tableOfContent" }, "r199": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "15", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-15" }, "r200": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-21" }, "r201": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-21" }, "r202": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r203": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r204": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r205": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r206": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "26", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-26" }, "r207": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "26B", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-26B" }, "r208": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "26C", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-26C" }, "r209": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30" }, "r210": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-31" }, "r211": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32" }, "r212": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(ee)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32" }, "r213": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32" }, "r214": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "34", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-34" }, "r215": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "40", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-40" }, "r216": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "41", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-41" }, "r217": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "41", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-41" }, "r218": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "41", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-41" }, "r219": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "42", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-42" }, "r220": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "310", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "13", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481990/310-10-45-13" }, "r221": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-2" }, "r222": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-2" }, "r223": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(aa)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-2" }, "r224": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(aaa)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-2" }, "r225": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-2" }, "r226": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-2" }, "r227": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-2" }, "r228": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-3" }, "r229": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-3" }, "r230": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-3" }, "r231": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-3" }, "r232": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-3" }, "r233": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5" }, "r234": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5" }, "r235": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(aaa)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5" }, "r236": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5" }, "r237": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5" }, "r238": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5" }, "r239": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(f)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5" }, "r240": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(f)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5" }, "r241": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(f)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5" }, "r242": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(f)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5" }, "r243": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5A", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5A" }, "r244": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5A", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5A" }, "r245": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5A", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5A" }, "r246": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5B", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5B" }, "r247": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5B" }, "r248": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5B", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5B" }, "r249": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5B", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5B" }, "r250": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5B", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-5B" }, "r251": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "323", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481687/323-10-50-3" }, "r252": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "4", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479654/326-10-65-4" }, "r253": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "5", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479654/326-10-65-5" }, "r254": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-11" }, "r255": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-13" }, "r256": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "14", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-14" }, "r257": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "16", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-16" }, "r258": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-5" }, "r259": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479106/326-30-50-4" }, "r260": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479106/326-30-50-7" }, "r261": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479106/326-30-50-9" }, "r262": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "60", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476166/350-60-65-1" }, "r263": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "405", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1" }, "r264": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "405", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1" }, "r265": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "405", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1" }, "r266": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "405", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1" }, "r267": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "405", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1" }, "r268": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "440", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482648/440-10-50-4" }, "r269": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "440", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482648/440-10-50-4" }, "r270": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "450", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483076/450-20-50-4" }, "r271": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "450", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483076/450-20-50-9" }, "r272": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "450", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 5.Y.Q2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480102/450-20-S99-1" }, "r273": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "450", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 5.Y.Q4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480102/450-20-S99-1" }, "r274": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481544/470-10-50-6" }, "r275": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481544/470-10-50-6" }, "r276": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A" }, "r277": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(iii)(A))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A" }, "r278": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(iv))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A" }, "r279": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A" }, "r280": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(4)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B" }, "r281": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(4)(iii)(A))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B" }, "r282": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(4)(iii)(B))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B" }, "r283": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(4)(iv))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B" }, "r284": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B" }, "r285": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r286": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r287": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r288": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r289": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r290": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r291": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r292": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r293": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r294": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1C", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1C" }, "r295": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1C", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1C" }, "r296": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1C", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1C" }, "r297": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1D", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1D" }, "r298": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1D", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1D" }, "r299": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1D", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1D" }, "r300": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1E", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1E" }, "r301": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1E", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1E" }, "r302": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1E", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1E" }, "r303": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1E", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1E" }, "r304": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1F", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1F" }, "r305": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1F", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1F" }, "r306": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1F", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1F" }, "r307": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1F", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1F" }, "r308": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1I", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1I" }, "r309": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1I", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1I" }, "r310": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1I", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1I" }, "r311": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1I", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1I" }, "r312": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-4" }, "r313": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "4", "Subparagraph": "(f)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481538/470-20-65-4" }, "r314": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "4", "Subparagraph": "(f)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481538/470-20-65-4" }, "r315": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479887/480-10-S45-1" }, "r316": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479887/480-10-S45-2" }, "r317": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S45", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479887/480-10-S45-3" }, "r318": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479857/480-10-S50-1" }, "r319": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479857/480-10-S50-2" }, "r320": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479857/480-10-S50-3" }, "r321": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480244/480-10-S99-1" }, "r322": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(01)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480244/480-10-S99-1" }, "r323": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(01)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480244/480-10-S99-1" }, "r324": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(04)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480244/480-10-S99-1" }, "r325": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3A", "Subparagraph": "(24)(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480244/480-10-S99-3A" }, "r326": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r327": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r328": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r329": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r330": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r331": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r332": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r333": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "14", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-14" }, "r334": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "14", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-14" }, "r335": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "14", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-14" }, "r336": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "16", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-16" }, "r337": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-18" }, "r338": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-18" }, "r339": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-18" }, "r340": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-18" }, "r341": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-2" }, "r342": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.3-04)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480008/505-10-S99-1" }, "r343": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1" }, "r344": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(iv)(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1" }, "r345": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(iv)(02)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1" }, "r346": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(iv)(02)(A)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1" }, "r347": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(iv)(02)(B)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1" }, "r348": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(iv)(02)(C)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1" }, "r349": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(iv)(03)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1" }, "r350": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(n)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1" }, "r351": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(c)(iv)(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-5" }, "r352": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(c)(iv)(02)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-5" }, "r353": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(c)(iv)(03)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-5" }, "r354": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(l)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-5" }, "r355": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "80", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480576/715-80-50-5" }, "r356": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "35", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480483/718-10-35-2" }, "r357": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480454/718-10-45-1" }, "r358": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r359": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r360": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r361": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r362": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r363": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r364": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r365": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r366": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)(02)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r367": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)(03)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r368": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)(04)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r369": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r370": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r371": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r372": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(iii)(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r373": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(iii)(02)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r374": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(iii)(03)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r375": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r376": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r377": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(e)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r378": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(e)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r379": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r380": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r381": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r382": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r383": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(iv)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r384": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(v)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r385": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(h)(1)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r386": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(l)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r387": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "17", "Subparagraph": "(d)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480336/718-10-65-17" }, "r388": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479983/718-10-S45-1" }, "r389": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 14.E.Q2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479830/718-10-S99-1" }, "r390": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 14.F)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479830/718-10-S99-1" }, "r391": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "S55", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479772/718-30-S55-1" }, "r392": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "720", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483359/720-20-50-1" }, "r393": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "25", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482525/740-10-45-25" }, "r394": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "28", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482525/740-10-45-28" }, "r395": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-10" }, "r396": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "12", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-12" }, "r397": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "17", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-17" }, "r398": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "19", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-19" }, "r399": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "20", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-20" }, "r400": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-9" }, "r401": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "8", "Subparagraph": "(d)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482615/740-10-65-8" }, "r402": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "8", "Subparagraph": "(d)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482615/740-10-65-8" }, "r403": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 6.I.7)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479360/740-10-S99-1" }, "r404": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "323", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(d)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478666/740-323-65-2" }, "r405": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "323", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(d)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478666/740-323-65-2" }, "r406": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "323", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478666/740-323-65-2" }, "r407": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "323", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(g)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478666/740-323-65-2" }, "r408": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "323", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(g)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478666/740-323-65-2" }, "r409": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "805", "SubTopic": "60", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(d)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476176/805-60-65-1" }, "r410": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "805", "SubTopic": "60", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476176/805-60-65-1" }, "r411": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "19", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-19" }, "r412": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "25", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-25" }, "r413": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "25", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-25" }, "r414": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-1A" }, "r415": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-1A" }, "r416": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2AG", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-2AG" }, "r417": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(bb)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-3" }, "r418": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-3" }, "r419": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/815/tableOfContent" }, "r420": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-1A" }, "r421": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-1A" }, "r422": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-1A" }, "r423": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-1A" }, "r424": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-1B" }, "r425": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(1)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-2" }, "r426": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(1)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-2" }, "r427": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(1)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-2" }, "r428": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-2" }, "r429": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-2" }, "r430": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4A", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4A" }, "r431": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4A", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4A" }, "r432": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4A", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4A" }, "r433": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4A", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4A" }, "r434": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4A", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4A" }, "r435": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4B" }, "r436": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4B" }, "r437": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4B" }, "r438": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4B" }, "r439": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4B" }, "r440": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r441": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r442": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r443": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Subparagraph": "(bb)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r444": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r445": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r446": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r447": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r448": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4CC", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4CC" }, "r449": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4CCC", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4CCC" }, "r450": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4CCC", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4CCC" }, "r451": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4CCC", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4CCC" }, "r452": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4D" }, "r453": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4D" }, "r454": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(a)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4D" }, "r455": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(a)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4D" }, "r456": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(a)(5)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4D" }, "r457": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(a)(6)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4D" }, "r458": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4E", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4E" }, "r459": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4EE", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4EE" }, "r460": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4EE", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4EE" }, "r461": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4EE", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4EE" }, "r462": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4EE", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4EE" }, "r463": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4EEE", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4EEE" }, "r464": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4EEE", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4EEE" }, "r465": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4EEE", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4EEE" }, "r466": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4F", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4F" }, "r467": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4H", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4H" }, "r468": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4H", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4H" }, "r469": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4I", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4I" }, "r470": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4K", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4K" }, "r471": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4K", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4K" }, "r472": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4K", "Subparagraph": "(a)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4K" }, "r473": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4K", "Subparagraph": "(a)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4K" }, "r474": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4K", "Subparagraph": "(a)(5)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4K" }, "r475": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4K", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4K" }, "r476": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4K", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4K" }, "r477": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4K", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4K" }, "r478": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5C", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-5C" }, "r479": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-7A" }, "r480": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-8A" }, "r481": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "15", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480960/815-15-50-3" }, "r482": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480591/815-20-50-1" }, "r483": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6" }, "r484": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(h)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6" }, "r485": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(h)(1)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6" }, "r486": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(h)(1)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6" }, "r487": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(h)(1)(iv)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6" }, "r488": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(i)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6" }, "r489": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480870/815-30-50-2" }, "r490": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480870/815-30-50-2" }, "r491": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480870/815-30-50-2" }, "r492": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480870/815-30-50-2" }, "r493": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480237/815-40-50-5" }, "r494": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480237/815-40-50-6" }, "r495": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(e)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480175/815-40-65-1" }, "r496": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(e)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480175/815-40-65-1" }, "r497": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480175/815-40-65-1" }, "r498": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "35", "Paragraph": "54B", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482134/820-10-35-54B" }, "r499": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r500": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r501": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(bbb)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r502": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(bbb)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r503": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(bbb)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r504": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r505": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r506": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r507": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r508": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r509": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r510": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r511": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r512": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2E", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2E" }, "r513": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2G", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2G" }, "r514": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-3" }, "r515": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-3" }, "r516": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6A", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-6A" }, "r517": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6A", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-6A" }, "r518": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6A", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-6A" }, "r519": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6A", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-6A" }, "r520": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6A", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-6A" }, "r521": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-6B" }, "r522": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-10" }, "r523": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-11" }, "r524": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-11" }, "r525": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-28" }, "r526": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-28" }, "r527": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-28" }, "r528": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-28" }, "r529": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-28" }, "r530": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-28" }, "r531": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-28" }, "r532": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-30" }, "r533": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-30" }, "r534": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-30" }, "r535": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Subparagraph": "(d)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-30" }, "r536": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-32" }, "r537": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "17", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481839/830-10-45-17" }, "r538": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "35", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482014/830-20-35-1" }, "r539": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481956/830-20-45-1" }, "r540": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481926/830-20-50-1" }, "r541": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "17", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481694/830-30-45-17" }, "r542": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "20", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481694/830-30-45-20" }, "r543": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "20", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481694/830-30-45-20" }, "r544": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "20", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481694/830-30-45-20" }, "r545": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "20", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481694/830-30-45-20" }, "r546": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481674/830-30-50-1" }, "r547": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481674/830-30-50-2" }, "r548": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "835", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482925/835-30-45-2" }, "r549": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "835", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482900/835-30-50-1" }, "r550": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "842", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "8", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479832/842-10-65-8" }, "r551": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "842", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "8", "Subparagraph": "(c)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479832/842-10-65-8" }, "r552": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "842", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "35", "Paragraph": "12A", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479165/842-20-35-12A" }, "r553": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "848", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(a)(3)(iii)(03)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483550/848-10-65-2" }, "r554": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "850", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/850/tableOfContent" }, "r555": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483326/850-10-50-1" }, "r556": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483326/850-10-50-1" }, "r557": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483326/850-10-50-1" }, "r558": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483326/850-10-50-1" }, "r559": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483326/850-10-50-2" }, "r560": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483326/850-10-50-3" }, "r561": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483326/850-10-50-6" }, "r562": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "852", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "14", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481435/852-10-45-14" }, "r563": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "855", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/855/tableOfContent" }, "r564": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "855", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483399/855-10-50-2" }, "r565": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "855", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483399/855-10-50-2" }, "r566": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/860/tableOfContent" }, "r567": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r568": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)(2)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r569": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r570": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(bb)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r571": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(bb)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r572": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(bb)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r573": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r574": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r575": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r576": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r577": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(cc)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r578": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)(5)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4" }, "r579": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4" }, "r580": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4" }, "r581": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4" }, "r582": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4" }, "r583": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4" }, "r584": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4" }, "r585": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(c)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4D" }, "r586": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481444/860-30-45-1" }, "r587": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(b)(1)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481420/860-30-50-1A" }, "r588": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(b)(1)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481420/860-30-50-1A" }, "r589": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481420/860-30-50-1A" }, "r590": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(c)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481420/860-30-50-1A" }, "r591": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481420/860-30-50-7" }, "r592": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481420/860-30-50-7" }, "r593": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481420/860-30-50-7" }, "r594": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481420/860-30-50-9" }, "r595": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-2" }, "r596": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-2" }, "r597": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-3" }, "r598": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-3" }, "r599": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-3" }, "r600": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-3" }, "r601": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)(4)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-3" }, "r602": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)(4)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-3" }, "r603": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)(5)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-3" }, "r604": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4" }, "r605": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4" }, "r606": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4" }, "r607": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4" }, "r608": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)(5)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4" }, "r609": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)(6)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4" }, "r610": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)(7)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4" }, "r611": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4" }, "r612": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4" }, "r613": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(e)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4" }, "r614": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(e)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4" }, "r615": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(e)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-4" }, "r616": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "910", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482546/910-10-50-6" }, "r617": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "924", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 11.L)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479941/924-10-S99-1" }, "r618": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478934/932-220-50-1" }, "r619": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-18" }, "r620": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-18" }, "r621": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-18" }, "r622": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "19", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-19" }, "r623": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "20", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-20" }, "r624": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "20", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-20" }, "r625": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "23", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23" }, "r626": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "23", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23" }, "r627": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "23", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23" }, "r628": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "23", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23" }, "r629": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "23", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23" }, "r630": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "23", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23" }, "r631": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-28" }, "r632": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-28" }, "r633": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31" }, "r634": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31" }, "r635": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31" }, "r636": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31" }, "r637": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31" }, "r638": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31" }, "r639": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5" }, "r640": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5" }, "r641": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5" }, "r642": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5" }, "r643": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5" }, "r644": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5" }, "r645": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-6" }, "r646": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-7" }, "r647": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-8" }, "r648": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-8" }, "r649": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-8" }, "r650": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "280", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478657/932-280-50-1" }, "r651": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "323", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478988/932-323-50-1" }, "r652": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "940", "SubTopic": "820", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478119/940-820-50-1" }, "r653": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-04(10))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1" }, "r654": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-04(24))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1" }, "r655": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-04(25))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1" }, "r656": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-04(27))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1" }, "r657": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-04(9))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1" }, "r658": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478671/942-235-S50-1" }, "r659": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-05(b)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477314/942-235-S99-1" }, "r660": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-05(b)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477314/942-235-S99-1" }, "r661": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-05(b)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477314/942-235-S99-1" }, "r662": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477314/942-235-S99-2" }, "r663": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479255/942-310-S50-4" }, "r664": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SAB Topic 11.H.2.Q1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478116/942-310-S99-2" }, "r665": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "825", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478898/942-825-50-1" }, "r666": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(1)(6))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r667": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(10))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r668": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(12))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r669": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(15))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r670": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(17))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r671": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(19))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r672": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(22))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r673": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(23)(a)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r674": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(23)(a)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r675": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(23)(a)(4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r676": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(24))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r677": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(25))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r678": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r679": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(16))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r680": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(17))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r681": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(19))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r682": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(2)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r683": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(20))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r684": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(21))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r685": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(23))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r686": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(9))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r687": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-5" }, "r688": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A" }, "r689": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2" }, "r690": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(f)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2" }, "r691": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(f)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2" }, "r692": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(g)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2" }, "r693": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(g)(2)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2" }, "r694": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(h)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2" }, "r695": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 5.W.Q2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479583/944-40-S99-1" }, "r696": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "825", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477351/944-825-50-1B" }, "r697": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "825", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477351/944-825-50-1B" }, "r698": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479886/946-10-S99-3" }, "r699": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(h)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479886/946-10-S99-3" }, "r700": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(i)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479886/946-10-S99-3" }, "r701": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(i)(2)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479886/946-10-S99-3" }, "r702": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(i)(2)(ii))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479886/946-10-S99-3" }, "r703": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(i)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479886/946-10-S99-3" }, "r704": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480990/946-20-50-11" }, "r705": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480990/946-20-50-2" }, "r706": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480990/946-20-50-5" }, "r707": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480990/946-20-50-6" }, "r708": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478009/946-205-45-3" }, "r709": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478009/946-205-45-3" }, "r710": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "4", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478009/946-205-45-4" }, "r711": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478009/946-205-45-6" }, "r712": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-2" }, "r713": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "27", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-27" }, "r714": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7" }, "r715": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7" }, "r716": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7" }, "r717": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7" }, "r718": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7" }, "r719": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7" }, "r720": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7" }, "r721": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7" }, "r722": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477796/946-210-45-4" }, "r723": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-1" }, "r724": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-1" }, "r725": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-1" }, "r726": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-1" }, "r727": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-1" }, "r728": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "12", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-12" }, "r729": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-2" }, "r730": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6" }, "r731": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6" }, "r732": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6" }, "r733": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6" }, "r734": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6" }, "r735": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6" }, "r736": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r737": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(11))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r738": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(12)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r739": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(12)(b)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r740": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(12)(b)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r741": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(12)(b)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r742": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(13)(a)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r743": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(13)(a)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r744": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(14))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r745": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(15))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r746": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(16)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r747": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(17))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r748": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(19))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r749": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(2)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r750": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(2)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r751": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(3)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r752": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(3)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r753": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(3)(c))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r754": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(6)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r755": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(6)(c))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r756": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(6)(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r757": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(6)(e))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r758": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(8))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r759": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(9)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r760": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(9)(c))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r761": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(9)(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r762": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(9)(e))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r763": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.6-05(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-2" }, "r764": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.6-05(4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-2" }, "r765": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "6", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479105/946-220-45-6" }, "r766": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479105/946-220-45-7" }, "r767": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478297/946-220-50-3" }, "r768": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(1)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r769": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r770": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(2)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r771": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(2)(c)(2)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r772": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(2)(c)(2)(ii))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r773": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(2)(c))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r774": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(2)(e))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r775": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(2)(g)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r776": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r777": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r778": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r779": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r780": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(6))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r781": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(7))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r782": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r783": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r784": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r785": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r786": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(6))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r787": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(7))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r788": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r789": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(9))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r790": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(1)(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3" }, "r791": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(4)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3" }, "r792": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(6))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3" }, "r793": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(7))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3" }, "r794": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477968/946-235-50-2" }, "r795": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477968/946-235-50-2" }, "r796": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477968/946-235-50-2" }, "r797": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477968/946-235-50-2" }, "r798": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477802/946-310-45-1" }, "r799": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-12(Column A)(Footnote 1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-1" }, "r800": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-12(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-1" }, "r801": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-12(Column A)(Footnote 4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-1" }, "r802": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-12(Column C)(Footnote 5))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-1" }, "r803": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-12A(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-2" }, "r804": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-12A(Column A)(Footnote 3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-2" }, "r805": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-12A(Column C)(Footnote 4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-2" }, "r806": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3" }, "r807": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 4)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3" }, "r808": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 4)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3" }, "r809": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 7))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3" }, "r810": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-12B(Column C)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3" }, "r811": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5", "Subparagraph": "(SX 210.12-13(Column A)(Footnote 3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5" }, "r812": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5", "Subparagraph": "(SX 210.12-13(Column G)(Footnote 8))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5" }, "r813": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5", "Subparagraph": "(SX 210.12-13(Column G))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5" }, "r814": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5A", "Subparagraph": "(SX 210.12-13A(Column E))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5A" }, "r815": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5A", "Subparagraph": "(SX 210.12-13A(Column F))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5A" }, "r816": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5B", "Subparagraph": "(SX 210.12-13B(Column A))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5B" }, "r817": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5B", "Subparagraph": "(SX 210.12-13B(Column B))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5B" }, "r818": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5B", "Subparagraph": "(SX 210.12-13B(Column E)(Footnote 4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5B" }, "r819": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5B", "Subparagraph": "(SX 210.12-13B(Column E))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5B" }, "r820": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5C", "Subparagraph": "(SX 210.12-13C(Column H)(Footnote 7))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5C" }, "r821": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5C", "Subparagraph": "(SX 210.12-13C(Column H))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5C" }, "r822": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5D", "Subparagraph": "(SX 210.12-13D(Column A)(Footnote 2)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5D" }, "r823": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "6", "Subparagraph": "(SX 210.12-14(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6" }, "r824": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "6", "Subparagraph": "(SX 210.12-14(Column A)(Footnote 3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6" }, "r825": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "6", "Subparagraph": "(SX 210.12-14(Column E)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6" }, "r826": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "6", "Subparagraph": "(SX 210.12-14(Column E)(Footnote 4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6" }, "r827": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "6", "Subparagraph": "(SX 210.12-14(Column F)(Footnote 7))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6" }, "r828": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "7", "Subparagraph": "(SX 210.12-15(Column A))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-7" }, "r829": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "7", "Subparagraph": "(SX 210.12-15(Column B))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-7" }, "r830": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "7", "Subparagraph": "(SX 210.12-15(Column C))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-7" }, "r831": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "7", "Subparagraph": "(SX 210.12-15(Column D))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-7" }, "r832": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-1" }, "r833": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-2" }, "r834": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-2" }, "r835": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-2" }, "r836": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-2" }, "r837": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-3" }, "r838": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-6" }, "r839": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478322/948-310-S50-2" }, "r840": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-29(Column A)(Footnote 3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479628/948-310-S99-1" }, "r841": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-29(Column A)(Footnote 4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479628/948-310-S99-1" }, "r842": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-29(Column B))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479628/948-310-S99-1" }, "r843": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-29(Column C))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479628/948-310-S99-1" }, "r844": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "954", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478785/954-310-50-2" }, "r845": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "954", "SubTopic": "440", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478522/954-440-50-1" }, "r846": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r847": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column B))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r848": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column C))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r849": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column D))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r850": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column E)(Footnote 4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r851": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column E))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r852": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column F))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r853": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column G))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r854": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column H))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r855": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column I))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r856": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "976", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477332/976-310-50-1" }, "r857": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "978", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479230/978-310-50-1" }, "r858": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "10", "SubTopic": "10", "Topic": "825", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482881/825-10-55-10" }, "r859": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "13H", "Subparagraph": "(b)", "SubTopic": "40", "Topic": "944", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480046/944-40-55-13H" }, "r860": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483467/210-10-45-1" }, "r861": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "15", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483444/210-20-55-15" }, "r862": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "16", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483444/210-20-55-16" }, "r863": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "20", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483444/210-20-55-20" }, "r864": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "21", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483444/210-20-55-21" }, "r865": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "22", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483444/210-20-55-22" }, "r866": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "14", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476153/220-40-55-14" }, "r867": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "21", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476153/220-40-55-21" }, "r868": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476153/220-40-55-4" }, "r869": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483426/235-10-50-4" }, "r870": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "52", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482635/260-10-55-52" }, "r871": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "18", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482836/275-10-55-18" }, "r872": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482836/275-10-55-6" }, "r873": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30" }, "r874": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "47", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-47" }, "r875": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "47", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-47" }, "r876": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "47", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-47" }, "r877": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "48", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-48" }, "r878": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "49", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-49" }, "r879": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "54", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-54" }, "r880": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "54", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-54" }, "r881": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "54", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-54" }, "r882": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "310", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "12A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481933/310-10-55-12A" }, "r883": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "326", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479081/326-30-55-8" }, "r884": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "350", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-2" }, "r885": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "350", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "24", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482548/350-20-55-24" }, "r886": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r887": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "69B", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481568/470-20-55-69B" }, "r888": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "69C", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481568/470-20-55-69C" }, "r889": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "69E", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481568/470-20-55-69E" }, "r890": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "69F", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481568/470-20-55-69F" }, "r891": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "64", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481620/480-10-55-64" }, "r892": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r893": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-5" }, "r894": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "91", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479777/606-10-55-91" }, "r895": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1" }, "r896": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(iv)(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1" }, "r897": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(c)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-5" }, "r898": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(c)(iv)(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-5" }, "r899": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "17", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480482/715-20-55-17" }, "r900": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "715", "SubTopic": "80", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480547/715-80-55-8" }, "r901": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "231", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482663/740-10-55-231" }, "r902": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "805", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479328/805-10-50-8" }, "r903": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "805", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "43", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479303/805-10-55-43" }, "r904": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "805", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "47", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479303/805-10-55-47" }, "r905": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(bb)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-3" }, "r906": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "4J", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481175/810-10-55-4J" }, "r907": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "4K", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481175/810-10-55-4K" }, "r908": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4A", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4A" }, "r909": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4B" }, "r910": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4B" }, "r911": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4B" }, "r912": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r913": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r914": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4CC", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4CC" }, "r915": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "181", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480401/815-10-55-181" }, "r916": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "182", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480401/815-10-55-182" }, "r917": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "183", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480401/815-10-55-183" }, "r918": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "184", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480401/815-10-55-184" }, "r919": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "185", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480401/815-10-55-185" }, "r920": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "100", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-100" }, "r921": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "101", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-101" }, "r922": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "102", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-102" }, "r923": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "103", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-103" }, "r924": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "107", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-107" }, "r925": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "107", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-107" }, "r926": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "107", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-107" }, "r927": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "107", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-107" }, "r928": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "107", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-107" }, "r929": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "107", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-107" }, "r930": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482881/825-10-55-11" }, "r931": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "11", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482881/825-10-55-11" }, "r932": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "12", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482881/825-10-55-12" }, "r933": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "13", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482881/825-10-55-13" }, "r934": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "13", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482881/825-10-55-13" }, "r935": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "13", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482881/825-10-55-13" }, "r936": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "835", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482949/835-30-55-8" }, "r937": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "852", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481372/852-10-55-10" }, "r938": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "860", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481395/860-30-55-4" }, "r939": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "17", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-17" }, "r940": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-21" }, "r941": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "29", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-29" }, "r942": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-3" }, "r943": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477916/932-235-55-2" }, "r944": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477916/932-235-55-4" }, "r945": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477916/932-235-55-5" }, "r946": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477916/932-235-55-6" }, "r947": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "29F", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480046/944-40-55-29F" }, "r948": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "9C", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480046/944-40-55-9C" }, "r949": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "944", "SubTopic": "605", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477548/944-605-55-11" }, "r950": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "944", "SubTopic": "605", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "14", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477548/944-605-55-14" }, "r951": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-1" }, "r952": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6" }, "r953": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477439/946-210-55-1" }, "r954": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "230", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479083/946-230-55-1" }, "r955": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477802/946-310-45-1" }, "r956": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-12(Column A)(Footnote 2)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-1" }, "r957": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-12A(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-2" }, "r958": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 1)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3" }, "r959": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "6", "Subparagraph": "(SX 210.12-14(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6" }, "r960": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "405", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478790/946-405-45-2" }, "r961": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "830", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "39", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477346/946-830-45-39" }, "r962": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "830", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479168/946-830-55-10" }, "r963": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "830", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479168/946-830-55-11" }, "r964": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "830", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "12", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479168/946-830-55-12" }, "r965": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b-2" }, "r966": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 10-Q", "Number": "240", "Section": "308", "Subsection": "a" }, "r967": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "16", "Subsection": "J", "Paragraph": "a" }, "r968": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1" }, "r969": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1", "Subparagraph": "i" }, "r970": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1", "Subparagraph": "i", "Sentence": "A" }, "r971": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1", "Subparagraph": "i", "Sentence": "B" }, "r972": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1", "Subparagraph": "i", "Sentence": "C" }, "r973": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1", "Subparagraph": "i", "Sentence": "D" }, "r974": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1", "Subparagraph": "i", "Sentence": "E" }, "r975": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1", "Subparagraph": "ii" }, "r976": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1", "Subparagraph": "iii" }, "r977": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "2" }, "r978": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a" }, "r979": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a", "Subparagraph": "1" }, "r980": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a", "Subparagraph": "1", "Sentence": "i" }, "r981": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a", "Subparagraph": "1", "Sentence": "ii" }, "r982": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a", "Subparagraph": "1", "Sentence": "iii" }, "r983": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a", "Subparagraph": "1", "Sentence": "iv" }, "r984": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a", "Subparagraph": "1", "Sentence": "v" }, "r985": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a", "Subparagraph": "2" }, "r986": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a", "Subparagraph": "3" }, "r987": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "b" }, "r988": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a" }, "r989": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a", "Subparagraph": "1" }, "r990": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a", "Subparagraph": "1", "Sentence": "i" }, "r991": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a", "Subparagraph": "1", "Sentence": "ii" }, "r992": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a", "Subparagraph": "1", "Sentence": "iii" }, "r993": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a", "Subparagraph": "1", "Sentence": "iv" }, "r994": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a", "Subparagraph": "1", "Sentence": "v" }, "r995": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a", "Subparagraph": "2" }, "r996": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a", "Subparagraph": "3" }, "r997": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "b" }, "r998": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Forms 10-K, 10-Q, 20-F", "Number": "240", "Section": "13", "Subsection": "a-1" }, "r999": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v" }, "r1000": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "1" }, "r1001": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "ii" }, "r1002": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii" }, "r1003": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "B", "Clause": "1", "Subclause": "ii" }, "r1004": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "C", "Clause": "1", "Subclause": "i" }, "r1005": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "C", "Clause": "1", "Subclause": "ii" }, "r1006": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "C", "Clause": "1", "Subclause": "iii" }, "r1007": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "C", "Clause": "1", "Subclause": "iv" }, "r1008": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "C", "Clause": "1", "Subclause": "v" }, "r1009": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "C", "Clause": "1", "Subclause": "vi" }, "r1010": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iv" }, "r1011": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "vi" }, "r1012": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "3" }, "r1013": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "4" }, "r1014": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "5", "Subparagraph": "i" }, "r1015": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "5", "Subparagraph": "ii" }, "r1016": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "5", "Subparagraph": "iii" }, "r1017": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "5", "Subparagraph": "iv" }, "r1018": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "6" }, "r1019": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "6", "Subparagraph": "i" }, "r1020": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1" }, "r1021": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1", "Subparagraph": "i" }, "r1022": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1", "Subparagraph": "i", "Sentence": "A" }, "r1023": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1", "Subparagraph": "i", "Sentence": "B" }, "r1024": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1", "Subparagraph": "i", "Sentence": "C" }, "r1025": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1", "Subparagraph": "i", "Sentence": "D" }, "r1026": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1", "Subparagraph": "i", "Sentence": "E" }, "r1027": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1", "Subparagraph": "ii" }, "r1028": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1", "Subparagraph": "iii" }, "r1029": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "2" }, "r1030": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "x", "Paragraph": "1" }, "r1031": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "x", "Paragraph": "2" }, "r1032": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "x", "Paragraph": "2", "Subparagraph": "ii", "Sentence": "A" }, "r1033": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "x", "Paragraph": "2", "Subparagraph": "ii", "Sentence": "C" }, "r1034": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "x", "Paragraph": "2", "Subparagraph": "ii", "Sentence": "D" }, "r1035": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "x", "Paragraph": "2", "Subparagraph": "ii", "Sentence": "E" }, "r1036": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "x", "Paragraph": "2", "Subparagraph": "ii", "Sentence": "F" }, "r1037": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "408", "Subsection": "a" }, "r1038": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "408", "Subsection": "a", "Paragraph": "1" }, "r1039": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "408", "Subsection": "a", "Paragraph": "2", "Subparagraph": "A" }, "r1040": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "408", "Subsection": "a", "Paragraph": "2", "Subparagraph": "B" }, "r1041": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "408", "Subsection": "a", "Paragraph": "2", "Subparagraph": "C" }, "r1042": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "408", "Subsection": "a", "Paragraph": "2", "Subparagraph": "D" }, "r1043": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "408", "Subsection": "b", "Paragraph": "1" }, "r1044": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Section": "402", "Number": "229", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "C", "Clause": "1" }, "r1045": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "A", "Number": "229" }, "r1046": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "B", "Clause": "1", "Number": "229" }, "r1047": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "B", "Clause": "1", "Subclause": "i", "Number": "229" }, "r1048": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-T", "Number": "232", "Section": "405" }, "r1049": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Securities Act", "Number": "7A", "Section": "B", "Subsection": "2" }, "r1050": { "role": "http://www.xbrl.org/2003/role/recommendedDisclosureRef", "Topic": "272", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483014/272-10-45-3" }, "r1051": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(6))", "SubTopic": "10", "Topic": "220", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r1052": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "a", "Publisher": "SEC" }, "r1053": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "b", "Subparagraph": "(1)", "Publisher": "SEC" }, "r1054": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "b", "Subparagraph": "(2)", "Publisher": "SEC" }, "r1055": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "b", "Subparagraph": "(3)", "Publisher": "SEC" }, "r1056": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "c", "Subparagraph": "(2)(i)", "Publisher": "SEC" }, "r1057": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "c", "Subparagraph": "(2)(ii)", "Publisher": "SEC" }, "r1058": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "c", "Subparagraph": "(2)(iii)", "Publisher": "SEC" }, "r1059": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "205", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/205/tableOfContent" }, "r1060": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r1061": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(27)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r1062": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(28))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r1063": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(3)(a)(4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r1064": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483466/210-20-50-3" }, "r1065": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483466/210-20-50-3" }, "r1066": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483466/210-20-50-3" }, "r1067": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(d)(1)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483466/210-20-50-3" }, "r1068": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(d)(1)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483466/210-20-50-3" }, "r1069": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(d)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483466/210-20-50-3" }, "r1070": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483466/210-20-50-3" }, "r1071": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483444/210-20-55-10" }, "r1072": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "12", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483444/210-20-55-12" }, "r1073": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-4" }, "r1074": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-5" }, "r1075": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-6" }, "r1076": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(1)(e))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r1077": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r1078": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "28", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-28" }, "r1079": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482913/230-10-50-8" }, "r1080": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483426/235-10-50-4" }, "r1081": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480738/235-10-S50-1" }, "r1082": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480738/235-10-S50-4" }, "r1083": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r1084": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r1085": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(f))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r1086": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(g)(1)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r1087": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(g)(1)(ii))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r1088": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(k)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r1089": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(k)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r1090": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(m)(1)(iii))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r1091": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-04(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-3" }, "r1092": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "23", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-23" }, "r1093": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "24", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-24" }, "r1094": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "5", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-5" }, "r1095": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-6" }, "r1096": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "55", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-55" }, "r1097": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-1" }, "r1098": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-1" }, "r1099": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-18" }, "r1100": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-18" }, "r1101": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-18" }, "r1102": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-18" }, "r1103": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-18" }, "r1104": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-18" }, "r1105": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r1106": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "310", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481990/310-10-45-2" }, "r1107": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481800/320-10-50-9" }, "r1108": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "321", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479536/321-10-50-3" }, "r1109": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "321", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479536/321-10-50-3" }, "r1110": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "321", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479536/321-10-50-3" }, "r1111": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "323", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481687/323-10-50-3" }, "r1112": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "405", "SubTopic": "30", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/405-30/tableOfContent" }, "r1113": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "405", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1" }, "r1114": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "405", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1" }, "r1115": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "405", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(e)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1" }, "r1116": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "410", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "10", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481931/410-30-50-10" }, "r1117": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "450", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/450/tableOfContent" }, "r1118": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481544/470-10-50-6" }, "r1119": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481544/470-10-50-6" }, "r1120": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A" }, "r1121": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(ii))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A" }, "r1122": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(iii))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A" }, "r1123": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(iv))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A" }, "r1124": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(4)(iv))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B" }, "r1125": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r1126": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1D", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1D" }, "r1127": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1E", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1E" }, "r1128": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479887/480-10-S45-2" }, "r1129": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479857/480-10-S50-1" }, "r1130": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479857/480-10-S50-2" }, "r1131": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480244/480-10-S99-1" }, "r1132": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(04)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480244/480-10-S99-1" }, "r1133": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r1134": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-2" }, "r1135": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(n)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1" }, "r1136": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1137": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1138": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1139": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1140": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1141": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1142": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1143": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1144": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)(02)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1145": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)(03)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1146": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)(04)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1147": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1148": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1149": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1150": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(iii)(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1151": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(iii)(02)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1152": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(iii)(03)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1153": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1154": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1155": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(e)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1156": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(e)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1157": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1158": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1159": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1160": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(iv)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1161": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(v)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1162": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "720", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483384/720-30-45-1" }, "r1163": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-1A" }, "r1164": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-1B" }, "r1165": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4A" }, "r1166": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4A", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4A" }, "r1167": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r1168": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4CC", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4CC" }, "r1169": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4D" }, "r1170": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4E", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4E" }, "r1171": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-7A" }, "r1172": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-8" }, "r1173": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-8" }, "r1174": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-8" }, "r1175": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480870/815-30-50-2" }, "r1176": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(e)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480175/815-40-65-1" }, "r1177": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "35", "Paragraph": "54B", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482134/820-10-35-54B" }, "r1178": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1179": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1180": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(bbb)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1181": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(bbb)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1182": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(bbb)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1183": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1184": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1185": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1186": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1187": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1188": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1189": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2E", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2E" }, "r1190": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-3" }, "r1191": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-3" }, "r1192": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6A", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-6A" }, "r1193": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "825", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/825/tableOfContent" }, "r1194": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-10" }, "r1195": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-11" }, "r1196": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-11" }, "r1197": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-28" }, "r1198": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-28" }, "r1199": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-28" }, "r1200": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-30" }, "r1201": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-32" }, "r1202": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "830", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481956/830-20-45-1" }, "r1203": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "830", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481926/830-20-50-1" }, "r1204": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "830", "SubTopic": "230", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477401/830-230-45-1" }, "r1205": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479424/830-30-S99-1" }, "r1206": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "835", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482925/835-30-45-1A" }, "r1207": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "835", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482925/835-30-45-2" }, "r1208": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "835", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482925/835-30-45-3" }, "r1209": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "835", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482900/835-30-50-1" }, "r1210": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483326/850-10-50-1" }, "r1211": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483326/850-10-50-1" }, "r1212": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483326/850-10-50-3" }, "r1213": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "852", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481404/852-10-50-7" }, "r1214": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "852", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481404/852-10-50-7" }, "r1215": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r1216": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r1217": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r1218": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4" }, "r1219": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4" }, "r1220": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4" }, "r1221": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481420/860-30-50-1A" }, "r1222": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481420/860-30-50-9" }, "r1223": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481229/860-50-50-2" }, "r1224": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(1)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r1225": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "942", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477314/942-235-S99-2" }, "r1226": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(15)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r1227": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(16)(a)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r1228": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(17))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r1229": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r1230": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479432/944-30-50-2B" }, "r1231": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-4B" }, "r1232": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-4B" }, "r1233": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-4D" }, "r1234": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4G", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-4G" }, "r1235": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-5" }, "r1236": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-5" }, "r1237": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-5" }, "r1238": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-5" }, "r1239": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6" }, "r1240": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6" }, "r1241": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6" }, "r1242": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6" }, "r1243": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6" }, "r1244": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)(5)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6" }, "r1245": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)(6)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6" }, "r1246": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6" }, "r1247": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A" }, "r1248": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A" }, "r1249": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A" }, "r1250": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A" }, "r1251": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A" }, "r1252": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A" }, "r1253": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7B" }, "r1254": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7B", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7B" }, "r1255": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7B", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7B" }, "r1256": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "80", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480109/944-80-50-2" }, "r1257": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "80", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480109/944-80-50-2" }, "r1258": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "4", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478009/946-205-45-4" }, "r1259": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6" }, "r1260": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(12)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r1261": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(12)(b)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r1262": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(18))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r1263": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479105/946-220-45-3" }, "r1264": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479105/946-220-45-3" }, "r1265": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Subparagraph": "(k)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479105/946-220-45-3" }, "r1266": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(2)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r1267": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(2)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r1268": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(2)(c))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r1269": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r1270": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(4)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3" }, "r1271": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(7))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3" }, "r1272": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477802/946-310-45-1" }, "r1273": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-12(Column A)(Footnote 2)(ii))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-1" }, "r1274": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-12A(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-2" }, "r1275": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 1)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3" }, "r1276": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "6", "Subparagraph": "(SX 210.12-14(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6" }, "r1277": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "6", "Subparagraph": "(SX 210.12-14(Column E)(Footnote 6)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6" }, "r1278": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478322/948-310-S50-2" }, "r1279": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-29(Column A)(Footnote 4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479628/948-310-S99-1" }, "r1280": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-29(Column B))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479628/948-310-S99-1" }, "r1281": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-29(Column C))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479628/948-310-S99-1" }, "r1282": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" } } } ZIP 97 0001976927-26-000033-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001976927-26-000033-xbrl.zip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ᄖ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�N(L@<3B,./43[G(X%Q&-,V;&H$C(GTQ\D V>.I(R MP"0'F9ZTMAD&U:JT2[7^@#I.;^!_8F-OO03>--Y![5'C;V1:[*^E:;'O^3CU MMBPM]E!CMCO6Q'[\F+>.<._$7WPB$@Z:\&B1.;_#S];&GK\9M"P#FO1!)3=T MX3F%!PXI0BM"*SR2%+:ZL2.)QC26F)@)7#&_TP]0I#Q?L"R!"N8KLE;5 M6^)NAT#MW8/G)E.YA=,?E*%X.W_$&4'\E2;K']'6Z;% J-QG"4W6":(S1 C, M?E$2^I_3K&9U#KIX,0+M_'[A3*"?;QW_P5G$N%'2PQ"(09;$MSQR'M]?_G,4 MX1YK]<5/"6K6;I2/&.$Q_+$,]0X7OSWS4#<,C/OFBG'(,?M;Z(.(\%<__65I MN.0 KJ0CDZ64QA4Z,N-_/>&[AX]GG]/#?2OZ+2/;AGD![(%FO%$C)\&..$RC M=5X:JT(OY*^E&Q@.6T.[@YY 7I+(%TLGT0(Q_WGU\_ZPU>Y8I5^U6^6?KVO* MZK1ZW?V:6O]Y9] [7*RRG6U46]<+Y_IM,O47O[FZ*HUK#KWU[+4&O1VZ4[)%0Q.XZ+2L MDJAD!!MLCE;/M/1IWH$<%/[_-6?,UQ'^JF>VVQVS.]P7L*T.U!V-QKY&C;7- M?K]C#GLUT=@:KLKE^7>O:U7FLX6ZK#Z0@0N?.14OJ6/2,?9:!.,IS-IW Z]Y8T4U0]]!0V-\+SZ11I3T(R*9+ 9_"$H\XXM^ M+[@7G.865RZ_ZZE78M<_YIB:6*-A/>[*"W8=4?A H*FH!<@RA)HR28/F?FO- M_<^P->A<'N0J:=AJM^V*76\-6I;=K5B?^JUAKVIRJN+<5;%/EZWAY7[6LO[S M7F>_T=5,GZSR;U1+3[F][?:6KYVDHZS-35Z*FE+>PVVVLW>5636OT,Z+WMC0UBN,1AMVU8;?G!_>+)W5 MUIUV=E>%9L*;];-9/YOULUD_F_6S63\WK9\'17BLQNZZ_(K\5HQ3O)F3, O! MG3%QQIX/@A2[$V,?*!.P<,V*$,0E\W8<*;V>[,#=QFN;@T'7'-K=>F0'5BJ? MM='BJHRWTS>[E_OB7]5!A7?*2WNZ.E=I+GNM=K]2,_G2 GA<. MV>YVS:[U= Z2ZKG"1HM/18MMT.*.V>T_$F.ZT>)&BRLPWHYEMB^?3EY6/15^ MT9BTNOK<;[7W+;5IXM3&-S:^D59XJSLT[5[EMNP'Y5ZH\FGP5W$?^O>$P1L) MUTL,YRX2A-S[%#:&VCMU>VA>=O<]"ZT.!_9)S55WL&]T]:HGJAJ3TF]UZUV M_)RQ3V.YDK*B1UCWC?768K(ZR#;3S%4=YLJV]T5Y:2;J2,OD48*79IFLDY+\ M^[\-;,M^=QR+/IF\J/=8OYV(B)$.)%? "'K$5 &O@!)W-SD,AP-8Z!^9!U2S M8^E:38S5-?N]1QXU-_/RG(DJ@WWI. \Q*_58PT]1(1H/6M&)>5P@U4Q,,S'- MQ#3+6Z,3Q]:)UWDQNP9")DP<_]DXG!^5-U$-]=L]1^*00JFJ,7;,H66;P_8C M3Q$/(9LCG1,WMM#8PM)&W#+[UKZI1/4WA'W.PI_-*"JE!RW[D;D'1]&">D2Z MC2=N//'N*5FF-1R8_>Z^YZ+U=\:-+32VL%+%U.N;_>$C4V<:6VALX=780L'I+0I-A+Y:,U6G?5H3H3>>^)5YXL=67AW9&9\,AP'. ;S%32,L/"-^(&(&:C6T3B#A(LG- M>D*GG)8IYW82#'FIDSOE$Y9/8O$5+T_;%&_ H-O*U51_'>BLUX$9.-L$Q):1 M(^$TS"3@HNX)8*X=,*S9 M$C50(UFM2"3F@0I-*"2.38.F-0L=6>31\C@QTKS1B>-%QKWCIVA4T7>1D&>" MWT^=X$[Z+.WGZF.0^"2,H*,!>%C^D)U(BK1D:8LP="0.RY(:NK(0] MJ&>W^IW.02B*;*MUV=W,4;3[YX?B3:).;29S>FI*2^E)P_!)/-4OA.>]O%P^ M+YG2P0F[7RPAR+)76'&>:;?LRV-/=OGIU_IP>BE W!T1O400U4*@ MVDTR>Y^2'OFT<[=1G?7;&O]#?6KA&VVKH[99YJ"W+W3U@73NH&MU+?WWRC9= MH#>GHY=74,*]53RT53BS>F;?'NSN\9I*JF>?$ZMM#A[+KE&_HIEC1/"[G*8^ M\IZSLE??N^G>8Z^^JW>YO:O_ZYMVI[UWQ%?I)*)&55^CJEJVV1\\$@'OV>%O M50]4CWMT67J\TXOE/),*':QL[=IIK,'[D,L=[*[C&,\W&ZW''I3M&KR_FJ.+ ML@%7<#GBP__N(RF#*K!U;#2NCAIG#?>%*JWBIKB6'OS01V6['DI71/TH_AZ: M@^$C&+7]F[3Z,XJ6^+W=,ZJQA!.QA!@">M>=O>^@ZMF994<6==N=3%;<1[&'B6S1\*' M>/%>R!Q@7E_T!^4XVODCS@AZG2;K'UE)C'O1-/3.$.N4+XN9U_J?T^Q8=.[< MB8L1K*7?+YP)]/.MXS\XBQBEJ:=J>\'%DOB61\[C^\M_CB*KSR4&'(U\$WSP_M?/F#K]F[.@ MH@H3OXR$\8!_!*%>[L$E)] #+CK98?)V+NKH;:]MK) Z;[+I7XK:#9][][0& MU-!H_Q"L-JPTL/>)1#!>X*0^.!$&A4$2.6.LP@N-J?#G8(\)3KV@.?= \<94 M1UE2)Y0U5BP84A60>HDLEOOD.RYX8Q!#NZ1>K@C"&=9:DF*K1K'**:3JN 2: MIK[\'GCXF]N$7N*BUD8MXX.(Y_"Y,1+8,DPGMC:&H;AW.%T/PI@Z]R #7XSQ MZ2!,J/(3#"*A7JX,1DH&^AS+5L@"G/$8ZQ;Q)?,T@J6>2ZFDJ6$KIC1):4=+ M=59L>/BAM#PGCL.Q1\/&ND8C3L&4X#=)E$J9@?%ZP=A/79;,W3JMU)]B5XNO MF8$SP-%.4BRD#B>36%#%UNJAV$K70A;X;L5H+>/CK@Z-IB-"D\/O'*.XG."" M8+?Z:D&@%\/4+\F0?M9I768_"U?G+M?JW3O7V]ZY=LO:T#F4G1Q#9]?.US9,- ;8?&CF,+O6/^I@%8VL'OQH8E-H1/8I.E.%&&'I4W&H"6^C__'5[%5 MD5/8R3J-0O5R7*OB1XCE6VV.Y_>I?NR#U0SV*UEK?MQ M[':]@:GH">GO&];\LISE1QX>GN@YJ:[<7IU,M-1_/#AU$RT]XSIAF]9@ M_\KJQBW5,5KZ)!(MR8'N^U?W>DU*^ %*M5YK)BRS?3SMP*A)!V^,H/Y&<&;M MO[^JE@%49+7=QOY1H:R@36F4[\/9S*,$0&,B5)8.)Z@1IP+GKLZ=*%DH5H># MYT/9'6MB/U,^U,_$52"B&,:P8-((?;S)U$F6N"TH WHN(KQ51QE@+M##-/2% MS+H-X&O*U[M V@HDG'!B#ZE+,$TR$=$,^D ,&?C@E7OO0<^1)X'2GF!4E,\$ MFB^I*UI'RG V_A D$DRM4KWLM?]DG,GL2XBK!(RCW>K]J40*#A-$K!'&.3Z! MR=!+TH9(+;IC6H]1-B^83QH&@:#3+DZS)$H)9'#!=U&&-2J@ZH;L[;__V\"V M+M]A)N1=B&?YVLO@!3@NS.+S@A0STU+P93&GC^';12 F7E)(W,:OO"2&*0C' MWV&D8"*Q69A$E9\*#7A1).[#,;B A?'@X YYZO@3U-,4T_GWY,LH_46RWG$0F*4"_NH3^4 M](H=0N:<\MV;ZU4P"Y<:VYU%1O+&Q%4;QF;J&]!GI1=[\(8D M82)]A=UJ%_1S'H'J1DCMA7G#7IPP,PKTT>'L7?Z5B.!E,^+Q0N,T86$=X3(= MI_09_H;K#O*+7*22BIFD1C*3X=*+99+3K:"C=(89(_+$YH\T\? )V.1LU]=+, # M9/QDF.4=I.3:I95#O.+!F/$JW!"4A[WBB8I$:0,+@Q+J/6^+L^F;1.',Z/7+ MOT93K)PM;CP]^BU7+O+T91H&;OX.*UA"+"&)T*D'2UQ(%9PHC4OQF;H$:91\Q<\N;/"VS!"S5CV<)'Y=/5WCE=B M?G@IL)":"PKN9&L3?'[O(9<>+"#W'FHN[0+RYT(((*[N0+_QK=R+I=X6NO%% M^^XC?'>CUA8,@R<4 WM!'ETNM0YKS .8&16_8!1:Z/W*>RDTDDLBFQ0X$-_A M6HX8@DHJ; !]G,9I7 MH^867?0HWBCEA6SNIUQIH*HF IR?EO%AK_7R@99GO !VEV9?5:S815>ZK$GX M(TLKS=%]5UF#UE*E3&F#[=8@^U'6O1UK.#:NVJ=6R3UX;97_X?#-G&W%%WH?^/<44\#O8),KO%ZTC%".S.*8BR/Q#J428 M()-8,>EKU67PDF EP1UO(:1(>8>Z+$AOPJ](!&^129IK9,GK)&T/E2\MOI:V MV?@:?CVM4U$XHDVP$ZMMLJ1W!:\L1&)@"5G+^+PRPK71WFHT22Q[3[L"CX\D'7@XU@@@OV4GTG>0?J<""/$/1Q42'E/EY=V]#I[GW7\:$# M[N;5]QF'+C7-H6"Q835V.4I%E(KG"9&8I] U#$(+LY3.01.IA ZOTD"&^/>2 M'[\S'K"&ULG*XW!8.W1"Z0=6O]_ D'%]Q[A\7:?VJE15W+(;;5IC*Z5:>UA) MA\:H/,9_@QL6]=WN-?5UB8>S3=T.6Z1U>S7>4)!/R\IN$KZ&QM:KM5@ M^!/8VX!$X6,T1S;R7;JP^Y:SN(O3HY;'[.(X^LUW;3%HZL3G\QCEO/0]G=RV M+8SP7D;4_$H>SGI2:<_]KY\\>SSI=ES'[HMAM]OKM0<3\)-]U^I;SJCGMIW_ M@T7@I\KIUDKQ%^D6WM1?Q5C$_G=:+\YPBPM1 L3#]#?KW7FM;.4/D=\,9!NO MG/"8YQZKTMZBG\;-V5L\=05>".A):#].?&4CC1ATT01FOI@++Q[XJPU M-7\AGPY'B:-VD53&'4'?\9 ;?$X4DQFJ8Y-S,PLX7"3ZUGOD>\Y(K02;15 . M-BB/:BY\<2_\I8B0?J!DHF!9X"-YW%\8E=Z/Y8W4IJ&U2 W V%O'6,&+@>6 M.B.-LPV\=*08S8S'8DY76!H.!D0K8V_NBVSA+D)TP+NN8.:]L9,9ZR]75U^4 MM6:"S=0Z9LG")(H(9PAT ,V3E6SFN$)=OLAYI-A+&SSU7'9%[; S#G<"",0_4] 97U[RX+_0[4::]N$C2D[U6IG+L!M 1([G*_[U?X21 M3N4LS9Q.@^A?&S8HSWG)6G:*B/.N[I^*)XA'NO"L%9##(UFL(?"Y[%>->MIN M=>Q*=FHS3$7%D1=VJ\8O(B^8=*N/23IT#@H[;N?T I.':!A.2G@,"S+^V6! M[09*?:04N?>[7:>9>$&6GXT]A;/Y) O7GY2<6=?TRYYIM]NF;0WJ4;O>:.S) M:VS7O&S;YJ5=.8U]>2:S(\W UWP1NE Y6_E)S"&6H1.K(&/"GTO3MOQ;A=K$',\^+_;0;/>:F.-YA7Q# MQ!AQHMW[-M'&K@IJFU;?:J*-RLU+V[SL]BL9;1R_3/I%$96J[_\^Y&A*G!K1 MG-P\,HHRK2:(JMZT]*U]M\/5BJ!V=AM:YHALX@)__[9-WN?%Y?Y9RYH[=&I- MKS7H[=")DO(=//"_Z+2LDFP73%UD$DS:RD=M D$M_F^@=EO'^EXHYF7]?-R MV:EF%'AP0,J*.;_? V<61IQ]2RG*5'52,S=H/,$)GF*D8?7,KK6O$VPBP.>? MEX[9L8\$EGHRQVBWLM8-ZQNI;D\5U3]W0MJK7;O/;'-@M\UA9W_JFR:D>M9I MZ?2&9J_;>?%I.9DSJ6\BFCV3)SG%!?#,MF$)'%Y6!)>ZF91L4MJ=/;Q($Y+L MFS"_D9R^B4L>"]5KMMM=<]!KXI+*34O/M'I[N/DF+MDWP6@-!D\3F3P:]ANT MMBJ$&D>9DY.)2[*,(PG(T$0>.WN+CFD/[";LJ-27F&X9,)HJX8>2[S%6:&D9^!>I9B MXC5QU:X*W.V9G6%SD%.I.>E89L_>PZM4ZR!GG]R_%P]')(;U9 *. @$K:Y;: M=V8W&<[[;AQ-VW[YE(]F2C9M';MFNS.L:]14T5#I4QA<($%A%/J^QY0#?%KM M>_],/9>1F,"GP;@Y>=KCH'2/4](F/'KV"2&:,_M=K?."J^I#BL#O#09E M@^BW0YJ^:5MMT[IL5PW1K]'81F/7:&Q[,#"'_4?6V%4>@[+*._!/&/Q>PXEBZ0;_\S,7BLYPS)>_5.8Q'!?Q:J MHZU!<7XDK0A_Y 6N")*W%_BCEYP=FW?+YSPMJW_JP!(&4R<)Y%8;Z@SS\T@0 M [&ZWC&--YW+5B_[B>0?DD1OV1D'F9KC_G KD!X5_YK>@Z?=Q I&0J3FR(@"3[^)F'@Y%7KG$2CK]/0Q]9PMC. M$7$B(I46D1"%B -JKRL53KV03@^/,*,YSQVN]OJE(S=MEO=I8]I'$\:2!E3 MXFM3R\Y:M;P)I%HB581MMKL#$EP/_V;VVD-% A21M*^,.!I-J;")ZV%8=P@ M2^+NLM6.V M\S*SMY:1#YD\/310QZ 9<\.'0#'Q)6$"D0[Q\8&AX/_GZ'N);6NTD"2>:ZWK M!!CJK&[+ONQ4C QNT+IL#RO6IV&K-]C,3]?(B>4T&)1_IM\4\5YX4<+"UL>_%"YJO5:^.&W$TL[VF!OC5N"\?;)S?^"^O$)?#AU,=_ M\AIP<^+COS[Q\7\\V?%_PSWLRW("'SU(:K*KGDV(KR=79;?Q=BX1LK!JB2J- MNC;J6CK>7K]C]@>52ZQJ]+71UW+WVD8LQT9=&W6MA[J:;:MQKHVVUD-;[6'7 M'+;W)<)L]+4J\W=J^MKMF];E(VDQ&W4]^O2=FKK:G:XYL)K@M='7>NAK90L% M:UUVM>/9\XN67=E/J+JR6X.-15=/XGA\7?7RNYI=KSTT>\,C$=(W4[-A!;?- M7K]OMO?F8F_FYB56J_; O!SLNUHU4_/\4V/CY#27@TNS831A0N:D9FNUNSQRTC\1UVDS-AB/!)R(/U UOZAA;TZN_&U]@ M;TH).1R&'!WIX!:=C3Q-*5?V0W6T-]J4H/Z!-';P*.Q@^K5"@CG;PI.=/!J#5,(P,%= RK6'?'-H=0V&5<$Z82=]< MFGU[8"@,"_V;KMGM= V%;2 Q!!&DS#+[5L=L]U6#U^K+_3 #MX,VOC2P&S7V MUDO@3>,=Y/Q5C,-@3'B)$EOU^I^IERP0%//3U=^K-KJ-8\$;&H]!/AUC)IPX MA6E,8YA ,"L1&;]<77UI@4X9: (X7!-Q/^$W]) 1I3"Y8013?9?Z+ Y2ADB M1% U'F#N'7^,7PI"N?.@*6,,CL*!OSTX"P+1=1 1,O43A9G[]?KF6VS,G 5V MQ7"]"3$;)=#!9!JZ()4[#W$M"5PWG E4RK>YU'-TY(ECF"P"*JJ M^IBI%_:=IP.^!H%HG6/9Q(R0S)-E:'.*TP"#PDZ > 2K*9B)(T37D!#DV-&N"J<+?C211A=7% "6N$(,GGD^*0%\53@]("L\,<@ MR'H!+0Y:_?;EOD"+?;O5;>\+HK867&VX'V3C6O3'?JO7VP^G[84ZM1EJ\15" MOKTF7)OE0*I\_ 2X:BBLU=,;OX)M5B+HO7*,G]WH;3C(:Z!]&AJJ73(RV_; M['>:BM-&8^NAL4.K:_:KAT;UNHE]KUS<*N >,7[[J(5EE[S=.CY_H-Q8]C&= MRL[_US6L&A<9E\_B;$OS?[PD=%0 M1=:0JCN3*T5(M2>A5$,7OZL2(Z!<4YI8Q7D9[(T\4=\BGJ73)'DK:;_LA2-[ MG$>RQ]6-#/A)N!2GN-S;7=-^;.YF$X8]X[S89J=G-U'8,XKX]\"9A="1?X%? M=,4H8;+6)L;:=2WOF5UKWPU<$V.]P,[:[-A'*F(_D<.@ZR)?<\[5O ]/4F9="<$#VG>#^% 0P@2*+0]W&'IKR&X7O_3#$3"EW//!*4;3=^ M'(O-*2Z.9Y;=.V^BE>I,R+__V\"V['>U#E>JZD.T!.<&$N7HZ09U*W'9-7WF M$'#"=2QS:6RAL8655++!P!SV:U;R=3(E5SPMJW_^(;AHQ-E^29(@CR;^ZXW= M;5T:T$-?'@(\3+WQU'C3;G6S3[UX]4(%"Q:PQ&/0^,K2"!9F%ARUS)!IH8SF5!9F# WU+^94KY9V15\.0\#62BD:G0" MJD"A$I:=:E9:AO$AS>8&7\UU40;6$G'!$1?\3(23I%B:!2_C?"F")O MQ)51G\)$&)9E'/JJ;JM9T0S(^/W0+]]Q_@U\O=U^IV5GO>?YNY7965]E=M87 MS,ZB7UOO&( _@I^JV7JOS]9'+X#9\AP?&H$/*.?/Q/(XC^LUEZ>->&17YL@+ M5&&2M#?A@"9%8HY7#F#*^*X:57%9/1#W+]Z]P'(3X45&@D>@G*@2IR,D,TA0 M9-B<"<.<^&),X]POQ844&D3V,(47@;S1?8(QP2A'(&)8PM"3IH&'5\+*@O#W M6#1&@F=)X\\\-'TL\J,W03/I&"L3\J"=7P!B(5_2S/-180/X$SA M4RRQE&\9B4!,/#)\U*@H;[]E? O1X'99/X@/YJ7 R!0" MRC.-*_?>BZDU.59Z5^I_SQ6*KJ64FQF)J>-/:$C.723P@=!PL+ .?SW#?XU0 M.^<.A ?.!#N*)9M.#-+'$7LH.Y@G$)@7NB12^,'$^X$9C/*S"786E/-W5<@H M/9,T&^IR&"V,*^P "JTX%$=E-T&WU#-[)CH99^P!82X"(YU/(E!-6(KY+ P] MM <^'RM)Z?'@+L3/UR_;Y[IX(?2ZF\):N% U,]T6&CI;):A?5E(#7<=OR?1' M OH/>3%!0L5Z0-75-!(ON P !OYLUH!52NS< '\??2,S@XW-QV4:4,<)8D9)@V MUMH-HRT;+,JM/@+.,.+ MF\!X[\P1.@!4^2KF9L9)"M\K0^-68P)(B 1X\X3U8%53S&SE\6*YME"\B2$B MF%,,42()CEO<9#M2:;L0V./>:37Q21:TT@Y3?U#NR-KY(\X(!)DFZQ]9J6)\ M4;/L#!'*N[V4H*7].8WRA+D[<3&"V?Y^06O86\=_$$FP%!B?X:_@@[E'3*193T! 4TO&J93)D!)D4C&FI=6T; MDW6+WFC*.)J#0P]D#A:8/>9ZL%U+*>+65R=]%"@$&1/=2Q?O>Q,5@6NOYX,8Q##NSRA\&N9XX7$-;#^N?0%8S"*!!DW104JK#R81IF42&!.G!@G,88 M #MY_(+:@S7:T'5\A)9@;D44O)YTL@BV0;O.]9W"+3Z$ES[]2\ 2C__59G6V M)1Y$88N,J1$:X@9LM^$]:A3$@]/>-+ %S$>D8!QT)8&U)1/X'!#YD5H+C>3 M8@0-OXT):(4VYS*II^QU61LF;'I!OA#&0Y !8H$W4D]'#&MR%U!6H?0L*&$2 MFE2\S)?B%!@WU"39M8 B<,A<.#B<(1'^O1%E5N)O!D"EZKSOO M>'&Q(%^EXAF7CYL@G)K#[@ <;:9)A=AX9;@EAX&>^U\_>?9XTNVXCMT7PVZW MUVL/)M"OOFOU+6?4<]O._\'J]5/E/-$*@@*="W_PXB3R1BDA$]7%AU+/(3BX M@^4G@IE>T)3123&NH#P@H1_,^ M].YXX/^1I &QEA/(6;BC+ +8]\2Q$T%W MT?O ^HPJS#]& \UPHDJAF7A7(H%YM/U'S/N#A7 B5E18P1;\"*HB(DFABH-- MTL9*N9_0!0];F"7VVKR68[P >BN-MASEB5R5.KS#TY![#X3/!T4!.!Z(->A< M:.*'#Z;,L,&377Q,QC>(>@6-@UBJAXFV%7@))\_5! AN*/+DWI2FA,[0#2RC MR-939S[WP1$Q)M*:+:2VRKBT]5+>'1M0>ZK"B_-C.I0MG5'Q+/D+Y9&T%V>/ MAE'-I/Y1XH,ETTA(4>#) L871<0:D@/>NU P[0J8"0QWW8*Z@Z:^L:V6E5WQ MX$-O++LU5)_@B6L\QQ/7>^$O:B:L$FRP&%S7#/J*VPJTZ:(\ MBVC]M&0&4K%W!XVJ%)C6-_(AO[$/N2[ZD'UPM38*;;@LL_U0MBHEL!TQU[8/ M]!0DM1'L#3U8_UF\HOWT\VG\:Y+5%Q%A?YR[78H33D8J MC08]68->*&G_&"ZU_"SJ$;G[:R=_'P5Z+LS_IG,OT[E#ELI='MM@RJ^1OL@4 M!KS9<.+I4^J'7D^J?=G@JIHR?VGV+O>M)&VJ\IY]6CK[EC <8DY>>I!_.G35 M;.-NJNYNNN;0VI>PM7$WS^]N]@5XJ+^[.2122D6#LZ\BRW*"^$QFMJ[UN:\- M(,/JF#WKD62@%:AN?;7STC_&G-0CM#E%=1@@_4-CI56;EOXQH ]K%A$\$=GH M&"'!-RQD+F9S[!OSG1IPPG[#KJJJVXB-\,B=U_%10 ZT)WN"ZE9I+N'/2DUD M/8*K)YP;-2ZOCB[/LLWAWBQ-CX3)^&=2I0A?* M3=>>I6LG< G_7M7.R.J_',[#P8($JF-L;N;K=E7VE!U;S8*4TPA%:AQP-'?S M)^!P+,NTFUR@ZLW+X!@<+Z]B@U/EH"W#59I'(73>/:&;^<=!SC>7?J]X8NH1 MWAQ5)X[AI"RS?_FB%\$XR,9(M^0UG9Q];@D'5*5_$ 9BO?:),ZIRO7>,P=<]G:'Q<<]M'15* M9&A\7./CGNSC9%BJ7I^!D1$K487ODINNO;*N'6A_5,5$FD^(*HR) 83HZ3(Z M?EEFP-Y;I.:F[MBCLFWSLK-O&54%;^J.]'RCX%57\-=R%?V8YW=B@ZP.H6 MIE["N6Z$LUXX']<)Y[&)MX\".Z[*9>)_.T'J1!D=\4Z(^ON<7A]&>*_G)&J_ M85?UC K"[/VA4_J3-^IJ>N3 M*F<:?3WZ_)V:OC;NM5'71EU/3EVKG:I]8%T]QF"KI*@R5?M5Y#B62_NC&$5T MM4&H(IIP^0:AF")>/\R?8^X.C@$STT#_;-T=V(\\76CFY7GM M9?C(N_5F7IYW7KK[[J:;>:EFM-/,2S,OS;R\^+R\Z/4!E6Z^[!:!X..44 _U MZEYKT-OA[>_F8>QA:=/;2/A.XMV+=WC[<]&!=6NUC'3DQ );^.DO9]9YL=KU MA9&C9*GK,KS&J=VM'U(HU74]WX(H@>7N!/WK)>2!DQC/KW#"^E<$PWCN1)^$5 M"8.1\!8-/&)V#?@:(1>=^=P'23$N8CC^/@U]%\$;173OC6'PQD0(TWB8>O"X M%QNN<--Q H\3!S$V0&B-_F(=_J,3N,;<@>ESO4B,$_AA$M)S'X3CPZ]^-P7E8.U"6*&JFE_J#4KW;^B#,";4J3]8^L8+J\*-1F M9PC=Z5I+!__:G]A3S_VOGSQ[/.EV7,?NBV&WV^NU!Y.1,^J[5M]R1CVW[?R? M90U^4D]-,QCV.4C[8A0)Y_N%,X'1O77\!V<1HVWHA@!6L"3T97FQ5/Y"&#-E MW:T,G.D*1 X9S:_>/U//]9(%:>A[9^XAP=!7(2F&GH8SJH]EK0M\7D5:&B28 MKF/,A!.G8),2BM49>3Y^!P8Y$^ ZYF$""N^!& A2/!+P<"1F\%EL&EXP]E/T MAN X[D+\/R*Y>@E]C4W,'?0!"$(>N/#["0P8'KH7<2);B 3^!%Q[%#[ \_ ) M2IY^%X)#B(P[$8@(WCY*8Q@).*H &3,+KX9>AXI2$Y_.H<[%C[D(8A&WC,_; M?R2;!,?F@/NZD^]/IMPM\FKDEK#G[,%$!$X4/AP+=(BQ\2!HP-*77;GW'DR1 M"6[3]S/9Q#$X'&C/94_'34;\/#:ZUM\N-U]TE:;ABSO'A[Z#4+A[]XZ?,GJB M&B%,@'!)FOPF)X&.>[YZ 3SL@HVCRR8'JCZ$W\(G00S2,^!=,'K\HD6KBQPD M_2.%GGO)E.9)DV BG%G)-'IC$;$D8!&*PGF$C1EQ.I^' M48(BC\,@$'[Q[1(I6/[S/PK=F('(M*ZP3 5"%#N)\1"FOM2T!WC4& DUJXR: M#[,?X5(5(5Q^R[@! TYAS1/W, (3)^3!\WU08F\V2J-8Z+W8T"GZ?!S&"1J= M?!^*@-K..IBA]U-/Z;OL16Q@]/(@3&""D4>6E^X9>)5$']V(U(86CQ;"M@ZH^ZED =U]SV\R0O2$'3L\Z&3"G8V0O YY'7<,:X6E!#8T3*3M"[0(]=PP]AZ.$()IU\ M$/R@3"C'G'A:!6!8D;@/_7MRT# Z<)YR5 N3!T%+E%RNT@#V#SX,;RQC VV] M4TM7@JLI^/D4%P;2*5PS.:;X,^B5*T8)R])CKW(X.WH!J5W1B"B[GC=Y*L6> MW.'4<4%&:$,H(RT6@&?>= 96:V! =WQ1&,,-B 6]0W! M2Q3-@A8UM(P_P'VF403_@*W#2/@>.&3I\K /][A@X%+BX4+C%X(Z-7&1"NHT MI8>5-19)XI.#!F]>-A)80ZNFR'*A<<8P3M[0H$!QFXI_A[&N1EQR4H)"Y(6- MR.^P 7(@6?!F.+$*_ER>._9W\*]_IJ"3(&T.-AP,*K]>WWR3D4.(;P1)3V&# MR=N_>!GV'T,> R4=L9^A/:+VU-QW@A:$X]"?@)TNO-]+Q"S.@C28"?8XL-4' M]T0NAUU:#%.JR^9(OKD0LNK;8O0;4=542JBX&^QK!O+C-8 7$.XRF5)A0G:4 M/WR,#!!L6+@LI9DNX=H) =\]>A6">7F2T[X #^&CZ R4>DLY&@& _"' =^ MZ--?DPD)/I/;JR;SFJT3 MX**GPI=*DFD+.A#8EV1+@C5L=;,5 7\%<@7+H,,D>H#6C6ZKD_]HW?K#>[SU MKX/)#.Z$X:;DYP/W.YD?+P0 CZ;62.%3]=-H=L8ZM%8 ON]/*@N:M+9W(0I*0STL8 )B=.1_$X M\N;<1U 'H^BL&V ?2LRO2=FKH^BH_V2.I:PV5M*;>PCLM:BHIG_6Z0[/?[ISOF_-7@236USLIG4'7[ V&%9F4&KJG5Q9UYS?W M3W11=832Z'5Z9KO38)Q4;F(Z_4NSU]D7RO59)Z:&KJK<=5?4/UU/)F),=U/B MA[R8PSO0[$HDY"L1 M4YS4CF<'3>7>BE:T@??JI:6,')V,'9SWSL+IDM18V\Q =L;[U*;47)+:$C"S=)Z@A=(ZMKC0A,S?B-!27QO+*O5 MRY(8W9126RFID/)+9IQ?(HKY)937B%G2 M?6-F(DRMAZ6WD7^K:3:HK%K)Y M/W8MYM"[*%]!90/X3RT#6VOB0J7EZC4TGY?SSF6F;:PRN^/]9)$@-BS*LS?L MM?J9/'41O>D,NJW+,E%O$AP7+F;F^.#$7%Y(J?;A9(+9\J.%EF&<)15'8BS MI&6>^";QYB4>U4L:W],J/Y:<6%?(*K<=KA+F@K[59V@AD85M M5"&DU^_PGE?9;,Q&ZPHQ>4_.71 M;:CK6^KGRCCR"BDM>7[] G=J2!3V>B2*4\:4V+M@$K64%AI58$3EV%1Z\0-L M.!&@]F]ZK8XQTBID\D4W-W1XP< JK*I>L&F%B/FU:!O0OJW:-WY3XLF( 6\Z$,JHL4/;:_V5CB!!/7MC%9_<4HE2O65R:\DZ3_Y" M+UW7"EW7Z1P)YP,$$K.1B I?]:@L+TYGJ%+_XE@S6:U?>?M$2;UL\?3[O8/5GNS7TL9.#5YS[4D%;A.>J9BA+HGX>]/O[5BB4)?Q M*Q^K1-!4)53JQ/W]NA"FJ4$XB:3NH=EM]^J1U-W4(#3JVC=[O4>2&9[HQ=04GIGU9M8FIH=>J:^B]P6MM MNH\XF3(%RZ1"!7M?PK&F4.'9IV8X!,=E#ZHT,35T7'4-MX@NMO2\_2@$$*]F MCW8*K!B6>=ENF]U.0Z?:V$)C"Y;=-GN#?<_?*FD+E5]_C]_!JOZJD@G26^_] M$^B72(Q?$?[6N1/&5\Q@P+S=7OM/F![6[_U)X=0[=W>1N,/T"J2"$.ICVFOY M"T[<56D1&42N"#R%Y5N C5:@N3/GAS=+9YBQ-?,23!19[0KTH45)>G;[7?%; MDSZUWAFNF""8:)Z>G %_WD%,163WL>&XX5S+0/XY="+7Q!=(SA+ZAO*S<#!G M/\X9\1=Z)T<3IDF<.)PEYWM,;8)9>3G6-!,0&;[J);),3,!IA!?XD5^Z%<6W MGBW.EV2\4;J:L;01$=VN6R?)MJJ.[EN7F:#,@^5D07[S3OJ!\R2)FK$R$' D89\!/ M&+\Y"TYO.4L#3%LWX6N$P&41NO!BT&W?S[@=0N0,8?QQ3%[$M"5D-V'*#\H' M%!,'H9_#,4B.RJZIA\K&A][!Q/\# M-5)F>L8@A'C"A!N4R"01\\>8^\G9SI@5R8"R,F6'>/PXI'E.XPP&67J08O(IN@\$:R;8>BUC.(JPI%3R)A4<@3P3DSZ0 MK"/W&3E<.;>HI] YH!I3^.4%3-:,+[IU^IT05DA%T92Q#V5<2/B/4>2Y&UVB MWFO*W27B"^@VZ!0L#@JY6NL%JN8(%(.8G*1ID.M:=V^A)R2/4B0V6DA3C952 M%G2*@*DM6V53TU(6(,$2<>6,!#:8A!'EMTD3*ZY0E2MCV5ZT,@X)I9M)*B1> M>58[\<;JM5ORK%TE<5+A,M-@L-A1#*JI6PU9W+A2UT:T7 4"!3I#[SGVPYA. M;I,I6-W=5&:LVQW*=AE0XB?Y/30,Y$PQTCD5391W1W>+LF=G.)..S(^E/-3V M\I/GB*>/! 0\9N<^])"JRKN[4]0!Q-V#B4$,HB_UTIO-PW@-W]$8Z:78W5(. M*D+Y%U@,$5K==\9")9YKQ +PU829 [!]F0(/]L5+D:;Y;N0\!,H\UN:IMXSM M9"N2CN8-J,.R6.6*Q@(LD5ZK'V4#]D;$0S5H2*T&CE#5^D"W4 M(?!]XODD#.%$OH>_G2PI;+9RNHXT MR,C3"A1Y,;/]$$'!)/7A)S[&P-+Y"%]&4MK;*=:+R#7@PJ89BF('&4N2&_ . MLG<9H4'.X.;P4D3!./Y=(S>=1]Y88$X9F)U<8F;(]8;U6T18Y I<"VG[@UJ5 M/SE13#X:_2I]012MKX1O[0H=/G0J20OL1!KCBGLTX[+;6>EDU>Q*+37OB:WW MH])6N=< %];EZJGL>XU'\GB.=-6'1L@Y#&]N_.)BM<=XV]B87PA:DWCFO>Y&'K]AML\K-2YQ?!) MW"V,]P1\8]+6 K?/Z,=XMZS.<]1>4'5;#R:S'*2:Q=@3E"H.$E8A21.GR,^, MR/%BJGB&@<(6A(ARF4)2GN_HM) 9/Z,B#ITYWY%E]6%IY\;D4O( @VKM040P M/3G)&HJ99*^"O,46+2_S# M*)T"55J-3@SH+;O7.7_5F5U1=._E0<][Q%8POB!9NCPKE82RM9'$QG'_GNT_ M,WU&+: Q(@]5M@$U"]RZCGO/-87RZ([IW.Z
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incref-20260331_htm.xml IDEA: XBRL DOCUMENT 0001976927 2026-01-01 2026-03-31 0001976927 incref:CommonClassSMember 2026-05-08 0001976927 incref:CommonClassS1Member 2026-05-08 0001976927 incref:CommonClassDMember 2026-05-08 0001976927 incref:CommonClassD1Member 2026-05-08 0001976927 incref:CommonClassIMember 2026-05-08 0001976927 incref:CommonClassEMember 2026-05-08 0001976927 incref:CommonClassFMember 2026-05-08 0001976927 incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 incref:RealEstateRelatedSecuritiesMember 2026-03-31 0001976927 incref:RealEstateRelatedSecuritiesMember 2025-12-31 0001976927 2026-03-31 0001976927 2025-12-31 0001976927 us-gaap:NonrelatedPartyMember 2026-03-31 0001976927 us-gaap:NonrelatedPartyMember 2025-12-31 0001976927 us-gaap:RelatedPartyMember 2026-03-31 0001976927 us-gaap:RelatedPartyMember 2025-12-31 0001976927 incref:CommonClassSMember 2026-03-31 0001976927 incref:CommonClassSMember 2025-12-31 0001976927 incref:CommonClassS1Member 2026-03-31 0001976927 incref:CommonClassS1Member 2025-12-31 0001976927 incref:CommonClassDMember 2025-12-31 0001976927 incref:CommonClassDMember 2026-03-31 0001976927 incref:CommonClassD1Member 2025-12-31 0001976927 incref:CommonClassD1Member 2026-03-31 0001976927 incref:CommonClassIMember 2025-12-31 0001976927 incref:CommonClassIMember 2026-03-31 0001976927 incref:CommonClassEMember 2026-03-31 0001976927 incref:CommonClassEMember 2025-12-31 0001976927 incref:CommonClassFMember 2026-03-31 0001976927 incref:CommonClassFMember 2025-12-31 0001976927 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2026-03-31 0001976927 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2025-12-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-03-31 0001976927 incref:RealEstateRelatedSecuritiesMember 2026-01-01 2026-03-31 0001976927 incref:RealEstateRelatedSecuritiesMember 2025-01-01 2025-03-31 0001976927 2025-01-01 2025-03-31 0001976927 us-gaap:CollateralizedLoanObligationsMember 2026-01-01 2026-03-31 0001976927 us-gaap:CollateralizedLoanObligationsMember 2025-01-01 2025-03-31 0001976927 us-gaap:RelatedPartyMember 2026-01-01 2026-03-31 0001976927 us-gaap:RelatedPartyMember 2025-01-01 2025-03-31 0001976927 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2025-12-31 0001976927 incref:CommonClassSMember us-gaap:CommonStockMember 2025-12-31 0001976927 incref:CommonClassS1Member us-gaap:CommonStockMember 2025-12-31 0001976927 incref:CommonClassDMember us-gaap:CommonStockMember 2025-12-31 0001976927 incref:CommonClassD1Member us-gaap:CommonStockMember 2025-12-31 0001976927 incref:CommonClassIMember us-gaap:CommonStockMember 2025-12-31 0001976927 incref:CommonClassEMember us-gaap:CommonStockMember 2025-12-31 0001976927 incref:CommonClassFMember us-gaap:CommonStockMember 2025-12-31 0001976927 us-gaap:AdditionalPaidInCapitalMember 2025-12-31 0001976927 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-12-31 0001976927 us-gaap:RetainedEarningsMember 2025-12-31 0001976927 us-gaap:ParentMember 2025-12-31 0001976927 us-gaap:NoncontrollingInterestMember 2025-12-31 0001976927 us-gaap:RetainedEarningsMember 2026-01-01 2026-03-31 0001976927 us-gaap:ParentMember 2026-01-01 2026-03-31 0001976927 us-gaap:NoncontrollingInterestMember 2026-01-01 2026-03-31 0001976927 incref:CommonClassSMember us-gaap:CommonStockMember 2026-01-01 2026-03-31 0001976927 incref:CommonClassS1Member us-gaap:CommonStockMember 2026-01-01 2026-03-31 0001976927 incref:CommonClassD1Member us-gaap:CommonStockMember 2026-01-01 2026-03-31 0001976927 incref:CommonClassIMember us-gaap:CommonStockMember 2026-01-01 2026-03-31 0001976927 us-gaap:AdditionalPaidInCapitalMember 2026-01-01 2026-03-31 0001976927 incref:CommonClassFMember us-gaap:CommonStockMember 2026-01-01 2026-03-31 0001976927 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2026-01-01 2026-03-31 0001976927 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2026-03-31 0001976927 incref:CommonClassSMember us-gaap:CommonStockMember 2026-03-31 0001976927 incref:CommonClassS1Member us-gaap:CommonStockMember 2026-03-31 0001976927 incref:CommonClassDMember us-gaap:CommonStockMember 2026-03-31 0001976927 incref:CommonClassD1Member us-gaap:CommonStockMember 2026-03-31 0001976927 incref:CommonClassIMember us-gaap:CommonStockMember 2026-03-31 0001976927 incref:CommonClassEMember us-gaap:CommonStockMember 2026-03-31 0001976927 incref:CommonClassFMember us-gaap:CommonStockMember 2026-03-31 0001976927 us-gaap:AdditionalPaidInCapitalMember 2026-03-31 0001976927 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2026-03-31 0001976927 us-gaap:RetainedEarningsMember 2026-03-31 0001976927 us-gaap:ParentMember 2026-03-31 0001976927 us-gaap:NoncontrollingInterestMember 2026-03-31 0001976927 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2024-12-31 0001976927 incref:CommonClassSMember us-gaap:CommonStockMember 2024-12-31 0001976927 incref:CommonClassS1Member us-gaap:CommonStockMember 2024-12-31 0001976927 incref:CommonClassDMember us-gaap:CommonStockMember 2024-12-31 0001976927 incref:CommonClassD1Member us-gaap:CommonStockMember 2024-12-31 0001976927 incref:CommonClassIMember us-gaap:CommonStockMember 2024-12-31 0001976927 incref:CommonClassEMember us-gaap:CommonStockMember 2024-12-31 0001976927 incref:CommonClassFMember us-gaap:CommonStockMember 2024-12-31 0001976927 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001976927 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001976927 us-gaap:RetainedEarningsMember 2024-12-31 0001976927 us-gaap:ParentMember 2024-12-31 0001976927 us-gaap:NoncontrollingInterestMember 2024-12-31 0001976927 2024-12-31 0001976927 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001976927 us-gaap:ParentMember 2025-01-01 2025-03-31 0001976927 incref:CommonClassS1Member us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001976927 incref:CommonClassIMember us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001976927 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001976927 incref:CommonClassFMember us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001976927 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2025-01-01 2025-03-31 0001976927 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0001976927 us-gaap:SeriesAPreferredStockMember us-gaap:PreferredStockMember 2025-03-31 0001976927 incref:CommonClassSMember us-gaap:CommonStockMember 2025-03-31 0001976927 incref:CommonClassS1Member us-gaap:CommonStockMember 2025-03-31 0001976927 incref:CommonClassDMember us-gaap:CommonStockMember 2025-03-31 0001976927 incref:CommonClassD1Member us-gaap:CommonStockMember 2025-03-31 0001976927 incref:CommonClassIMember us-gaap:CommonStockMember 2025-03-31 0001976927 incref:CommonClassEMember us-gaap:CommonStockMember 2025-03-31 0001976927 incref:CommonClassFMember us-gaap:CommonStockMember 2025-03-31 0001976927 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001976927 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0001976927 us-gaap:RetainedEarningsMember 2025-03-31 0001976927 us-gaap:ParentMember 2025-03-31 0001976927 us-gaap:NoncontrollingInterestMember 2025-03-31 0001976927 2025-03-31 0001976927 incref:LoanServicerMember 2026-03-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember us-gaap:SeniorLoansMember 2026-03-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember us-gaap:SeniorLoansMember 2026-01-01 2026-03-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember incref:MezzanineLoansMember 2026-03-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember incref:MezzanineLoansMember 2026-01-01 2026-03-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember us-gaap:SeniorLoansMember 2025-12-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember us-gaap:SeniorLoansMember 2025-01-01 2025-12-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember incref:MezzanineLoansMember 2025-12-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember incref:MezzanineLoansMember 2025-01-01 2025-12-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-12-31 0001976927 srt:MultifamilyMember incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 srt:MultifamilyMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember incref:PropertyTypeConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 srt:MultifamilyMember incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 srt:MultifamilyMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember incref:PropertyTypeConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-12-31 0001976927 srt:IndustrialPropertyMember incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 srt:IndustrialPropertyMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember incref:PropertyTypeConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 srt:IndustrialPropertyMember incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 srt:IndustrialPropertyMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember incref:PropertyTypeConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-12-31 0001976927 incref:StudentHousingMember incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 incref:StudentHousingMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember incref:PropertyTypeConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 incref:StudentHousingMember incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 incref:StudentHousingMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember incref:PropertyTypeConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-12-31 0001976927 incref:SelfStorageMember incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 incref:SelfStorageMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember incref:PropertyTypeConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 incref:SelfStorageMember incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 incref:SelfStorageMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember incref:PropertyTypeConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-12-31 0001976927 incref:CommercialRealEstateLoanInvestmentsBenchmarkMember incref:PropertyTypeConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 incref:CommercialRealEstateLoanInvestmentsBenchmarkMember incref:PropertyTypeConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-12-31 0001976927 us-gaap:EastRegionMember incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 us-gaap:EastRegionMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 us-gaap:EastRegionMember incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 us-gaap:EastRegionMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-12-31 0001976927 us-gaap:SouthRegionMember incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 us-gaap:SouthRegionMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 us-gaap:SouthRegionMember incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 us-gaap:SouthRegionMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-12-31 0001976927 us-gaap:WestRegionMember incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 us-gaap:WestRegionMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 us-gaap:WestRegionMember incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 us-gaap:WestRegionMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-12-31 0001976927 incref:VariousU.SMember incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 incref:VariousU.SMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 incref:VariousU.SMember incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 incref:VariousU.SMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-12-31 0001976927 us-gaap:MidwestRegionMember incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 us-gaap:MidwestRegionMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 us-gaap:MidwestRegionMember incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 us-gaap:MidwestRegionMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-12-31 0001976927 country:US incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 country:US incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 country:US incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 country:US incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-12-31 0001976927 country:GB incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 country:GB incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 country:GB incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 country:GB incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-12-31 0001976927 srt:EuropeMember incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 srt:EuropeMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 srt:EuropeMember incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 srt:EuropeMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-12-31 0001976927 us-gaap:NonUsMember incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 us-gaap:NonUsMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 us-gaap:NonUsMember incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 us-gaap:NonUsMember incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-12-31 0001976927 incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 incref:CommercialRealEstateLoanInvestmentsBenchmarkMember us-gaap:GeographicConcentrationRiskMember incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-12-31 0001976927 incref:FranceSpainAndItalyMember incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 country:US incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 country:US incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-03-31 0001976927 us-gaap:NonUsMember incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 us-gaap:NonUsMember incref:CommercialRealEstateLoanInvestmentsMember 2025-01-01 2025-03-31 0001976927 incref:RealEstateRelatedSecuritiesMember 2025-01-01 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:TermLendingAgreementMember incref:INCREFLendingIIMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:TermLendingAgreementMember incref:INCREFLendingIIMember us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:TermLendingAgreementMember incref:INCREFLendingIIIMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:TermLendingAgreementMember incref:INCREFLendingIIIMember us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsRepurchaseAgreementsMember incref:MorganStanleyBankMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsRepurchaseAgreementsMember incref:MorganStanleyBankMember us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsRepurchaseAgreementsMember incref:CitibankMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsRepurchaseAgreementsMember incref:CitibankMember us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsRepurchaseAgreementsMember incref:BarclaysMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsRepurchaseAgreementsMember incref:BarclaysMember us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsRepurchaseAgreementsMember incref:WellsFargoMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsRepurchaseAgreementsMember incref:WellsFargoMember us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsRepurchaseAgreementsMember incref:BankOfMontrealMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsRepurchaseAgreementsMember incref:BankOfMontrealMember us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsRepurchaseAgreementsMember incref:INCREFRepurchaseIMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsRepurchaseAgreementsMember incref:INCREFRepurchaseIMember us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsRepurchaseAgreementsMember incref:INCREFRepurchaseIIMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:MasterRepurchaseAgreementMember incref:INCREFRepurchaseIIMember us-gaap:LineOfCreditMember 2026-02-28 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsRepurchaseAgreementsMember incref:INCREFRepurchaseIIMember us-gaap:LineOfCreditMember 2026-02-28 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsRepurchaseAgreementsMember us-gaap:LineOfCreditMember 2024-07-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsRepurchaseAgreementsMember incref:WellsFargoMember us-gaap:LineOfCreditMember 2026-03-01 2026-03-31 0001976927 incref:MorganStanleyBankMember us-gaap:SecuredDebtMember 2026-03-31 0001976927 incref:MorganStanleyBankMember 2026-03-31 0001976927 incref:MorganStanleyBankMember 2026-01-01 2026-03-31 0001976927 incref:CitibankMember us-gaap:SecuredDebtMember 2026-03-31 0001976927 incref:CitibankMember 2026-03-31 0001976927 incref:CitibankMember 2026-01-01 2026-03-31 0001976927 incref:BankOfMontrealMember us-gaap:SecuredDebtMember 2026-03-31 0001976927 incref:BankOfMontrealMember 2026-03-31 0001976927 incref:BankOfMontrealMember 2026-01-01 2026-03-31 0001976927 incref:BarclaysMember us-gaap:SecuredDebtMember 2026-03-31 0001976927 incref:BarclaysMember 2026-03-31 0001976927 incref:BarclaysMember 2026-01-01 2026-03-31 0001976927 incref:WellsFargoMember us-gaap:SecuredDebtMember 2026-03-31 0001976927 incref:WellsFargoMember 2026-03-31 0001976927 incref:WellsFargoMember 2026-01-01 2026-03-31 0001976927 us-gaap:SecuredDebtMember 2026-03-31 0001976927 incref:MorganStanleyBankMember us-gaap:SecuredDebtMember 2025-12-31 0001976927 incref:MorganStanleyBankMember 2025-12-31 0001976927 incref:MorganStanleyBankMember 2025-01-01 2025-12-31 0001976927 incref:CitibankMember us-gaap:SecuredDebtMember 2025-12-31 0001976927 incref:CitibankMember 2025-12-31 0001976927 incref:CitibankMember 2025-01-01 2025-12-31 0001976927 incref:BankOfMontrealMember us-gaap:SecuredDebtMember 2025-12-31 0001976927 incref:BankOfMontrealMember 2025-12-31 0001976927 incref:BankOfMontrealMember 2025-01-01 2025-12-31 0001976927 us-gaap:SecuredDebtMember 2025-12-31 0001976927 2025-01-01 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:TermLendingAgreementMember 2026-03-31 0001976927 us-gaap:RevolvingCreditFacilityMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember 2026-03-31 0001976927 us-gaap:RevolvingCreditFacilityMember incref:SubscriptionAgreementsCreditFacilityUncommittedTrancheMember us-gaap:LineOfCreditMember 2026-01-01 2026-03-31 0001976927 us-gaap:RevolvingCreditFacilityMember incref:SubscriptionAgreementsCreditFacilityFundedTrancheMember us-gaap:LineOfCreditMember 2026-01-01 2026-03-31 0001976927 us-gaap:RevolvingCreditFacilityMember incref:SubscriptionAgreementsCreditFacilityMember us-gaap:LineOfCreditMember 2026-01-01 2026-03-31 0001976927 us-gaap:CollateralizedLoanObligationsMember 2026-03-31 0001976927 us-gaap:CollateralizedLoanObligationsMember us-gaap:AssetPledgedAsCollateralMember 2026-03-31 0001976927 us-gaap:CollateralizedLoanObligationsMember us-gaap:AssetPledgedAsCollateralMember 2025-05-31 0001976927 us-gaap:CollateralizedLoanObligationsMember 2025-05-31 0001976927 us-gaap:CollateralizedLoanObligationsMember us-gaap:AssetPledgedAsCollateralMember 2026-01-01 2026-03-31 0001976927 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 us-gaap:ForeignExchangeForwardMember incref:CommercialRealEstateLoanInvestmentsMember us-gaap:NondesignatedMember 2026-01-01 2026-03-31 0001976927 us-gaap:ForeignExchangeForwardMember incref:CommercialRealEstateLoanInvestmentsMember us-gaap:NondesignatedMember 2025-01-01 2025-03-31 0001976927 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2026-01-01 2026-03-31 0001976927 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2025-01-01 2025-03-31 0001976927 currency:EUR incref:USDEURForeignExchangeForwardMember us-gaap:NondesignatedMember 2025-12-31 0001976927 currency:EUR incref:USDEURForeignExchangeForwardMember us-gaap:NondesignatedMember 2026-01-01 2026-03-31 0001976927 currency:EUR incref:USDEURForeignExchangeForwardMember us-gaap:NondesignatedMember 2026-03-31 0001976927 currency:GBP incref:USDGBPForeignExchangeForwardMember us-gaap:NondesignatedMember 2025-12-31 0001976927 currency:GBP incref:USDGBPForeignExchangeForwardMember us-gaap:NondesignatedMember 2026-01-01 2026-03-31 0001976927 currency:GBP incref:USDGBPForeignExchangeForwardMember us-gaap:NondesignatedMember 2026-03-31 0001976927 currency:USD incref:EURUSDForeignExchangeForwardMember us-gaap:NondesignatedMember 2025-12-31 0001976927 currency:USD incref:EURUSDForeignExchangeForwardMember us-gaap:NondesignatedMember 2026-01-01 2026-03-31 0001976927 currency:USD incref:EURUSDForeignExchangeForwardMember us-gaap:NondesignatedMember 2026-03-31 0001976927 currency:USD incref:GBPUSDForeignExchangeForwardMember us-gaap:NondesignatedMember 2025-12-31 0001976927 currency:USD incref:GBPUSDForeignExchangeForwardMember us-gaap:NondesignatedMember 2026-01-01 2026-03-31 0001976927 currency:USD incref:GBPUSDForeignExchangeForwardMember us-gaap:NondesignatedMember 2026-03-31 0001976927 currency:EUR incref:USDEURForeignExchangeForwardMember us-gaap:NondesignatedMember 2024-12-31 0001976927 currency:EUR incref:USDEURForeignExchangeForwardMember us-gaap:NondesignatedMember 2025-01-01 2025-03-31 0001976927 currency:EUR incref:USDEURForeignExchangeForwardMember us-gaap:NondesignatedMember 2025-03-31 0001976927 currency:GBP incref:USDGBPForeignExchangeForwardMember us-gaap:NondesignatedMember 2024-12-31 0001976927 currency:GBP incref:USDGBPForeignExchangeForwardMember us-gaap:NondesignatedMember 2025-01-01 2025-03-31 0001976927 currency:GBP incref:USDGBPForeignExchangeForwardMember us-gaap:NondesignatedMember 2025-03-31 0001976927 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2026-03-31 0001976927 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2025-12-31 0001976927 us-gaap:ForeignExchangeForwardMember 2026-01-01 2026-03-31 0001976927 us-gaap:ForeignExchangeForwardMember 2025-01-01 2025-03-31 0001976927 us-gaap:FairValueInputsLevel1Member incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 us-gaap:FairValueInputsLevel2Member incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 us-gaap:FairValueInputsLevel3Member incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 us-gaap:FairValueInputsLevel1Member incref:RealEstateRelatedSecuritiesMember 2026-03-31 0001976927 us-gaap:FairValueInputsLevel2Member incref:RealEstateRelatedSecuritiesMember 2026-03-31 0001976927 us-gaap:FairValueInputsLevel3Member incref:RealEstateRelatedSecuritiesMember 2026-03-31 0001976927 us-gaap:FairValueInputsLevel1Member 2026-03-31 0001976927 us-gaap:FairValueInputsLevel2Member 2026-03-31 0001976927 us-gaap:FairValueInputsLevel3Member 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsMember us-gaap:FairValueInputsLevel1Member us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsMember us-gaap:FairValueInputsLevel2Member us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsMember us-gaap:FairValueInputsLevel3Member us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:TermLendingAgreementMember us-gaap:FairValueInputsLevel1Member us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:TermLendingAgreementMember us-gaap:FairValueInputsLevel2Member us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:TermLendingAgreementMember us-gaap:FairValueInputsLevel3Member us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:TermLendingAgreementMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:FairValueInputsLevel1Member us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:FairValueInputsLevel2Member us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:FairValueInputsLevel3Member us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:FairValueInputsLevel1Member us-gaap:CollateralizedLoanObligationsMember 2026-03-31 0001976927 us-gaap:FairValueInputsLevel2Member us-gaap:CollateralizedLoanObligationsMember 2026-03-31 0001976927 us-gaap:FairValueInputsLevel3Member us-gaap:CollateralizedLoanObligationsMember 2026-03-31 0001976927 us-gaap:FairValueInputsLevel1Member incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 us-gaap:FairValueInputsLevel2Member incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 us-gaap:FairValueInputsLevel3Member incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 us-gaap:FairValueInputsLevel1Member incref:RealEstateRelatedSecuritiesMember 2025-12-31 0001976927 us-gaap:FairValueInputsLevel2Member incref:RealEstateRelatedSecuritiesMember 2025-12-31 0001976927 us-gaap:FairValueInputsLevel3Member incref:RealEstateRelatedSecuritiesMember 2025-12-31 0001976927 us-gaap:FairValueInputsLevel1Member 2025-12-31 0001976927 us-gaap:FairValueInputsLevel2Member 2025-12-31 0001976927 us-gaap:FairValueInputsLevel3Member 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsMember us-gaap:FairValueInputsLevel1Member us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsMember us-gaap:FairValueInputsLevel2Member us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsMember us-gaap:FairValueInputsLevel3Member us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsMember us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:TermLendingAgreementMember us-gaap:FairValueInputsLevel1Member us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:TermLendingAgreementMember us-gaap:FairValueInputsLevel2Member us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:TermLendingAgreementMember us-gaap:FairValueInputsLevel3Member us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:TermLendingAgreementMember us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:FairValueInputsLevel1Member us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:FairValueInputsLevel2Member us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:FairValueInputsLevel3Member us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:FairValueInputsLevel1Member us-gaap:CollateralizedLoanObligationsMember 2025-12-31 0001976927 us-gaap:FairValueInputsLevel2Member us-gaap:CollateralizedLoanObligationsMember 2025-12-31 0001976927 us-gaap:FairValueInputsLevel3Member us-gaap:CollateralizedLoanObligationsMember 2025-12-31 0001976927 us-gaap:CollateralizedLoanObligationsMember 2025-12-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember 2025-12-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember 2026-01-01 2026-03-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember 2026-03-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-03-31 0001976927 srt:WeightedAverageMember incref:CommercialRealEstateLoanInvestmentsMember us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-03-31 0001976927 srt:MinimumMember incref:CommercialRealEstateLoanInvestmentsMember us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-03-31 0001976927 srt:MaximumMember incref:CommercialRealEstateLoanInvestmentsMember us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-03-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember us-gaap:MeasurementInputExpectedTermMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-03-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember incref:InstrumentsOtherThanCollateralizedLoanObligationsMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-03-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember us-gaap:CollateralizedLoanObligationsMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-03-31 0001976927 us-gaap:CollateralizedLoanObligationsMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-03-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001976927 srt:WeightedAverageMember incref:CommercialRealEstateLoanInvestmentsMember us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001976927 srt:MinimumMember incref:CommercialRealEstateLoanInvestmentsMember us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001976927 srt:MaximumMember incref:CommercialRealEstateLoanInvestmentsMember us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember us-gaap:MeasurementInputExpectedTermMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember incref:InstrumentsOtherThanCollateralizedLoanObligationsMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001976927 incref:CommercialRealEstateLoanInvestmentsMember us-gaap:CollateralizedLoanObligationsMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001976927 us-gaap:CollateralizedLoanObligationsMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:LongTermDebtMember us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:LongTermDebtMember us-gaap:LineOfCreditMember 2026-01-01 2026-03-31 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:LongTermDebtMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsMember us-gaap:LongTermDebtMember us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:TermLendingAgreementMember us-gaap:LongTermDebtMember us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember us-gaap:LongTermDebtMember us-gaap:LineOfCreditMember 2025-12-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsMember us-gaap:LongTermDebtMember us-gaap:LineOfCreditMember 2026-01-01 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:TermLendingAgreementMember us-gaap:LongTermDebtMember us-gaap:LineOfCreditMember 2026-01-01 2026-03-31 0001976927 us-gaap:SecuredDebtMember us-gaap:LongTermDebtMember us-gaap:LineOfCreditMember 2026-01-01 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:SecuredLendingAgreementsMember us-gaap:LongTermDebtMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember incref:TermLendingAgreementMember us-gaap:LongTermDebtMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 us-gaap:SecuredDebtMember us-gaap:LongTermDebtMember us-gaap:LineOfCreditMember 2026-03-31 0001976927 srt:WeightedAverageMember us-gaap:LongTermDebtMember us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-03-31 0001976927 srt:MinimumMember us-gaap:LongTermDebtMember us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-03-31 0001976927 srt:MaximumMember us-gaap:LongTermDebtMember us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-03-31 0001976927 us-gaap:LongTermDebtMember us-gaap:MeasurementInputExpectedTermMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2026-03-31 0001976927 srt:WeightedAverageMember us-gaap:LongTermDebtMember us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001976927 srt:MinimumMember us-gaap:LongTermDebtMember us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001976927 srt:MaximumMember us-gaap:LongTermDebtMember us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001976927 us-gaap:LongTermDebtMember us-gaap:MeasurementInputExpectedTermMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2025-12-31 0001976927 incref:AdvancedOrganizationalOfferingAndOperatingExpensesMember srt:AffiliatedEntityMember 2026-03-31 0001976927 incref:AdvancedOrganizationalOfferingAndOperatingExpensesMember srt:AffiliatedEntityMember 2025-12-31 0001976927 incref:OperatingExpenseReimbursementMember srt:AffiliatedEntityMember 2026-03-31 0001976927 incref:OperatingExpenseReimbursementMember srt:AffiliatedEntityMember 2025-12-31 0001976927 incref:AdviserCommitmentFeePayableMember srt:AffiliatedEntityMember 2026-03-31 0001976927 incref:AdviserCommitmentFeePayableMember srt:AffiliatedEntityMember 2025-12-31 0001976927 incref:StockholderServicingFeesMember srt:AffiliatedEntityMember 2026-03-31 0001976927 incref:StockholderServicingFeesMember srt:AffiliatedEntityMember 2025-12-31 0001976927 incref:ManagementFeesMember srt:AffiliatedEntityMember 2026-03-31 0001976927 incref:ManagementFeesMember srt:AffiliatedEntityMember 2025-12-31 0001976927 incref:PerformanceFeesMember srt:AffiliatedEntityMember 2026-03-31 0001976927 incref:PerformanceFeesMember srt:AffiliatedEntityMember 2025-12-31 0001976927 srt:AffiliatedEntityMember 2026-03-31 0001976927 srt:AffiliatedEntityMember 2025-12-31 0001976927 incref:AdviserMember srt:SubsidiariesMember 2024-12-01 2024-12-31 0001976927 incref:AdviserMember srt:SubsidiariesMember 2025-07-01 2026-03-31 0001976927 incref:AdviserMember srt:SubsidiariesMember 2026-01-01 2026-03-31 0001976927 incref:DealerManagerMember srt:AffiliatedEntityMember incref:CommonClassSMember 2026-01-01 2026-03-31 0001976927 incref:DealerManagerMember srt:AffiliatedEntityMember incref:CommonClassS1Member 2026-01-01 2026-03-31 0001976927 incref:DealerManagerMember srt:AffiliatedEntityMember incref:CommonClassDMember 2026-01-01 2026-03-31 0001976927 incref:DealerManagerMember srt:AffiliatedEntityMember incref:CommonClassD1Member 2026-01-01 2026-03-31 0001976927 incref:DealerManagerMember srt:AffiliatedEntityMember incref:CommonClassSMember 2025-01-01 2025-03-31 0001976927 incref:DealerManagerMember srt:AffiliatedEntityMember incref:CommonClassS1Member 2025-01-01 2025-03-31 0001976927 incref:DealerManagerMember srt:AffiliatedEntityMember incref:CommonClassDMember 2025-01-01 2025-03-31 0001976927 incref:DealerManagerMember srt:AffiliatedEntityMember incref:CommonClassD1Member 2025-01-01 2025-03-31 0001976927 incref:DealerManagerMember srt:AffiliatedEntityMember incref:CommonClassIMember 2026-01-01 2026-03-31 0001976927 incref:DealerManagerMember srt:AffiliatedEntityMember incref:CommonClassEMember 2026-01-01 2026-03-31 0001976927 incref:DealerManagerMember srt:AffiliatedEntityMember incref:CommonClassFMember 2026-01-01 2026-03-31 0001976927 incref:DealerManagerMember srt:AffiliatedEntityMember incref:CommonClassSAndClassDMember 2026-01-01 2026-03-31 0001976927 incref:DealerManagerCertainParticipatingBrokerDealersMember srt:AffiliatedEntityMember incref:CommonClassSAndClassDMember 2026-01-01 2026-03-31 0001976927 incref:AdviserMember srt:SubsidiariesMember incref:CommonClassFMember 2026-01-01 2026-03-31 0001976927 incref:AdviserMember 2026-01-01 2026-03-31 0001976927 incref:AdviserMember 2026-03-31 0001976927 incref:AdviserMember srt:SubsidiariesMember incref:ClassERedeemableCommonStockMember 2026-01-01 2026-03-31 0001976927 incref:AdviserMember srt:SubsidiariesMember 2025-01-01 2025-03-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember incref:CommonClassSMember 2026-01-01 2026-03-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember incref:CommonClassS1Member 2026-01-01 2026-03-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember incref:CommonClassDMember 2026-01-01 2026-03-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember incref:CommonClassD1Member 2026-01-01 2026-03-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember incref:CommonClassIMember 2026-01-01 2026-03-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember incref:CommonClassEMember 2026-01-01 2026-03-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember incref:CommonClassFMember 2026-01-01 2026-03-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember 2026-01-01 2026-03-31 0001976927 incref:InvescoAdvisersInc.Member srt:AffiliatedEntityMember incref:CommonClassSMember 2026-01-01 2026-03-31 0001976927 incref:InvescoAdvisersInc.Member srt:AffiliatedEntityMember incref:CommonClassS1Member 2026-01-01 2026-03-31 0001976927 incref:InvescoAdvisersInc.Member srt:AffiliatedEntityMember incref:CommonClassDMember 2026-01-01 2026-03-31 0001976927 incref:InvescoAdvisersInc.Member srt:AffiliatedEntityMember incref:CommonClassD1Member 2026-01-01 2026-03-31 0001976927 incref:InvescoAdvisersInc.Member srt:AffiliatedEntityMember incref:CommonClassIMember 2026-01-01 2026-03-31 0001976927 incref:InvescoAdvisersInc.Member srt:AffiliatedEntityMember incref:CommonClassEMember 2026-01-01 2026-03-31 0001976927 incref:InvescoAdvisersInc.Member srt:AffiliatedEntityMember incref:CommonClassFMember 2026-01-01 2026-03-31 0001976927 incref:InvescoAdvisersInc.Member srt:AffiliatedEntityMember 2026-01-01 2026-03-31 0001976927 incref:BoardOfDirectorsMembersMember srt:AffiliatedEntityMember incref:CommonClassSMember 2026-01-01 2026-03-31 0001976927 incref:BoardOfDirectorsMembersMember srt:AffiliatedEntityMember incref:CommonClassS1Member 2026-01-01 2026-03-31 0001976927 incref:BoardOfDirectorsMembersMember srt:AffiliatedEntityMember incref:CommonClassDMember 2026-01-01 2026-03-31 0001976927 incref:BoardOfDirectorsMembersMember srt:AffiliatedEntityMember incref:CommonClassD1Member 2026-01-01 2026-03-31 0001976927 incref:BoardOfDirectorsMembersMember srt:AffiliatedEntityMember incref:CommonClassIMember 2026-01-01 2026-03-31 0001976927 incref:BoardOfDirectorsMembersMember srt:AffiliatedEntityMember incref:CommonClassEMember 2026-01-01 2026-03-31 0001976927 incref:BoardOfDirectorsMembersMember srt:AffiliatedEntityMember incref:CommonClassFMember 2026-01-01 2026-03-31 0001976927 incref:BoardOfDirectorsMembersMember srt:AffiliatedEntityMember 2026-01-01 2026-03-31 0001976927 srt:AffiliatedEntityMember incref:CommonClassSMember 2026-01-01 2026-03-31 0001976927 srt:AffiliatedEntityMember incref:CommonClassS1Member 2026-01-01 2026-03-31 0001976927 srt:AffiliatedEntityMember incref:CommonClassDMember 2026-01-01 2026-03-31 0001976927 srt:AffiliatedEntityMember incref:CommonClassD1Member 2026-01-01 2026-03-31 0001976927 srt:AffiliatedEntityMember incref:CommonClassIMember 2026-01-01 2026-03-31 0001976927 srt:AffiliatedEntityMember incref:CommonClassEMember 2026-01-01 2026-03-31 0001976927 srt:AffiliatedEntityMember incref:CommonClassFMember 2026-01-01 2026-03-31 0001976927 srt:AffiliatedEntityMember 2026-01-01 2026-03-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember incref:CommonClassSMember 2025-01-01 2025-12-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember incref:CommonClassS1Member 2025-01-01 2025-12-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember incref:CommonClassDMember 2025-01-01 2025-12-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember incref:CommonClassD1Member 2025-01-01 2025-12-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember incref:CommonClassIMember 2025-01-01 2025-12-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember incref:CommonClassEMember 2025-01-01 2025-12-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember incref:CommonClassFMember 2025-01-01 2025-12-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember 2025-01-01 2025-12-31 0001976927 incref:InvescoAdvisersInc.Member srt:AffiliatedEntityMember incref:CommonClassSMember 2025-01-01 2025-12-31 0001976927 incref:InvescoAdvisersInc.Member srt:AffiliatedEntityMember incref:CommonClassS1Member 2025-01-01 2025-12-31 0001976927 incref:InvescoAdvisersInc.Member srt:AffiliatedEntityMember incref:CommonClassDMember 2025-01-01 2025-12-31 0001976927 incref:InvescoAdvisersInc.Member srt:AffiliatedEntityMember incref:CommonClassD1Member 2025-01-01 2025-12-31 0001976927 incref:InvescoAdvisersInc.Member srt:AffiliatedEntityMember incref:CommonClassIMember 2025-01-01 2025-12-31 0001976927 incref:InvescoAdvisersInc.Member srt:AffiliatedEntityMember incref:CommonClassEMember 2025-01-01 2025-12-31 0001976927 incref:InvescoAdvisersInc.Member srt:AffiliatedEntityMember incref:CommonClassFMember 2025-01-01 2025-12-31 0001976927 incref:InvescoAdvisersInc.Member srt:AffiliatedEntityMember 2025-01-01 2025-12-31 0001976927 incref:BoardOfDirectorsMembersMember srt:AffiliatedEntityMember incref:CommonClassSMember 2025-01-01 2025-12-31 0001976927 incref:BoardOfDirectorsMembersMember srt:AffiliatedEntityMember incref:CommonClassS1Member 2025-01-01 2025-12-31 0001976927 incref:BoardOfDirectorsMembersMember srt:AffiliatedEntityMember incref:CommonClassDMember 2025-01-01 2025-12-31 0001976927 incref:BoardOfDirectorsMembersMember srt:AffiliatedEntityMember incref:CommonClassD1Member 2025-01-01 2025-12-31 0001976927 incref:BoardOfDirectorsMembersMember srt:AffiliatedEntityMember incref:CommonClassIMember 2025-01-01 2025-12-31 0001976927 incref:BoardOfDirectorsMembersMember srt:AffiliatedEntityMember incref:CommonClassEMember 2025-01-01 2025-12-31 0001976927 incref:BoardOfDirectorsMembersMember srt:AffiliatedEntityMember incref:CommonClassFMember 2025-01-01 2025-12-31 0001976927 incref:BoardOfDirectorsMembersMember srt:AffiliatedEntityMember 2025-01-01 2025-12-31 0001976927 srt:AffiliatedEntityMember incref:CommonClassSMember 2025-01-01 2025-12-31 0001976927 srt:AffiliatedEntityMember incref:CommonClassS1Member 2025-01-01 2025-12-31 0001976927 srt:AffiliatedEntityMember incref:CommonClassDMember 2025-01-01 2025-12-31 0001976927 srt:AffiliatedEntityMember incref:CommonClassD1Member 2025-01-01 2025-12-31 0001976927 srt:AffiliatedEntityMember incref:CommonClassIMember 2025-01-01 2025-12-31 0001976927 srt:AffiliatedEntityMember incref:CommonClassEMember 2025-01-01 2025-12-31 0001976927 srt:AffiliatedEntityMember incref:CommonClassFMember 2025-01-01 2025-12-31 0001976927 srt:AffiliatedEntityMember 2025-01-01 2025-12-31 0001976927 srt:AffiliatedEntityMember incref:InvescoSubscriptionAgreementMember 2026-01-01 2026-03-31 0001976927 srt:AffiliatedEntityMember incref:InvescoSubscriptionAgreementMember 2026-03-31 0001976927 incref:ClassSRedeemableCommonStockMember 2025-12-31 0001976927 incref:ClassDRedeemableCommonStockMember 2025-12-31 0001976927 incref:ClassIRedeemableCommonStockMember 2025-12-31 0001976927 incref:ClassERedeemableCommonStockMember 2025-12-31 0001976927 incref:ClassSRedeemableCommonStockMember 2026-01-01 2026-03-31 0001976927 incref:ClassDRedeemableCommonStockMember 2026-01-01 2026-03-31 0001976927 incref:ClassIRedeemableCommonStockMember 2026-01-01 2026-03-31 0001976927 incref:ClassERedeemableCommonStockMember 2026-01-01 2026-03-31 0001976927 incref:ClassSRedeemableCommonStockMember 2026-03-31 0001976927 incref:ClassDRedeemableCommonStockMember 2026-03-31 0001976927 incref:ClassIRedeemableCommonStockMember 2026-03-31 0001976927 incref:ClassERedeemableCommonStockMember 2026-03-31 0001976927 incref:ClassSRedeemableCommonStockMember 2024-12-31 0001976927 incref:ClassDRedeemableCommonStockMember 2024-12-31 0001976927 incref:ClassIRedeemableCommonStockMember 2024-12-31 0001976927 incref:ClassERedeemableCommonStockMember 2024-12-31 0001976927 incref:ClassSRedeemableCommonStockMember 2025-01-01 2025-03-31 0001976927 incref:ClassDRedeemableCommonStockMember 2025-01-01 2025-03-31 0001976927 incref:ClassIRedeemableCommonStockMember 2025-01-01 2025-03-31 0001976927 incref:ClassERedeemableCommonStockMember 2025-01-01 2025-03-31 0001976927 incref:ClassSRedeemableCommonStockMember 2025-03-31 0001976927 incref:ClassDRedeemableCommonStockMember 2025-03-31 0001976927 incref:ClassIRedeemableCommonStockMember 2025-03-31 0001976927 incref:ClassERedeemableCommonStockMember 2025-03-31 0001976927 incref:StapledUnitsMember us-gaap:PrivatePlacementMember 2025-01-31 2025-01-31 0001976927 incref:NewStapledUnitsMember us-gaap:PrivatePlacementMember 2025-01-31 2025-01-31 0001976927 us-gaap:SeriesAPreferredStockMember us-gaap:PrivatePlacementMember 2025-01-31 2025-01-31 0001976927 incref:CommonClassSMember us-gaap:PrivatePlacementMember 2025-01-31 2025-01-31 0001976927 incref:CommonClassDMember us-gaap:PrivatePlacementMember 2025-01-31 2025-01-31 0001976927 incref:CommonClassIMember us-gaap:PrivatePlacementMember 2025-01-31 2025-01-31 0001976927 incref:CommonClassS1Member us-gaap:PrivatePlacementMember 2025-01-31 2025-01-31 0001976927 us-gaap:PrivatePlacementMember 2025-01-31 2025-01-31 0001976927 us-gaap:SeriesAPreferredStockMember 2026-03-31 0001976927 us-gaap:SeriesAPreferredStockMember 2025-01-31 2025-01-31 0001976927 us-gaap:SeriesAPreferredStockMember 2025-01-31 0001976927 us-gaap:CommonStockMember 2025-12-31 0001976927 incref:CommonClassDMember us-gaap:CommonStockMember 2026-01-01 2026-03-31 0001976927 incref:CommonClassEMember us-gaap:CommonStockMember 2026-01-01 2026-03-31 0001976927 us-gaap:CommonStockMember 2026-03-31 0001976927 incref:CommonClassSMember us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001976927 incref:CommonClassDMember us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001976927 incref:CommonClassD1Member us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001976927 incref:CommonClassEMember us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001976927 us-gaap:RelatedPartyMember 2025-03-31 0001976927 incref:CommonClassSMember 2026-01-01 2026-03-31 0001976927 incref:CommonClassS1Member 2026-01-01 2026-03-31 0001976927 incref:CommonClassDMember 2026-01-01 2026-03-31 0001976927 incref:CommonClassD1Member 2026-01-01 2026-03-31 0001976927 incref:CommonClassIMember 2026-01-01 2026-03-31 0001976927 incref:CommonClassEMember 2026-01-01 2026-03-31 0001976927 incref:CommonClassFMember 2026-01-01 2026-03-31 0001976927 incref:CommonClassSMember 2025-01-01 2025-03-31 0001976927 incref:CommonClassS1Member 2025-01-01 2025-03-31 0001976927 incref:CommonClassDMember 2025-01-01 2025-03-31 0001976927 incref:CommonClassD1Member 2025-01-01 2025-03-31 0001976927 incref:CommonClassIMember 2025-01-01 2025-03-31 0001976927 incref:CommonClassEMember 2025-01-01 2025-03-31 0001976927 incref:CommonClassFMember 2025-01-01 2025-03-31 0001976927 us-gaap:RestrictedStockMember incref:A2023EquityIncentivePlanMember incref:CommonClassEMember 2026-01-01 2026-03-31 0001976927 us-gaap:RestrictedStockMember incref:A2023EquityIncentivePlanMember incref:CommonClassEMember 2025-01-01 2025-03-31 0001976927 incref:A2023EquityIncentivePlanMember 2026-03-31 0001976927 incref:A2023EquityIncentivePlanMember 2025-03-31 0001976927 srt:SubsidiariesMember us-gaap:SeriesAPreferredStockMember 2026-01-29 0001976927 srt:SubsidiariesMember us-gaap:SeriesAPreferredStockMember 2026-01-29 2026-01-29 0001976927 us-gaap:UnfundedLoanCommitmentMember 2026-03-31 0001976927 us-gaap:UnfundedLoanCommitmentMember 2026-01-01 2026-03-31 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember us-gaap:SubsequentEventMember incref:InvescoSubscriptionAgreementMember 2026-05-01 2026-05-01 0001976927 incref:InvescoRealtyInc.Member srt:AffiliatedEntityMember us-gaap:SubsequentEventMember incref:InvescoSubscriptionAgreementMember 2026-05-01 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:SubsequentEventMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2026-05-07 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:SubsequentEventMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2026-05-07 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:SubsequentEventMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2026-05-07 2026-05-07 0001976927 srt:MinimumMember us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:SubsequentEventMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2026-05-07 2026-05-07 0001976927 srt:MaximumMember us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:SubsequentEventMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2026-05-07 2026-05-07 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:SubsequentEventMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2026-05-07 2026-05-07 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:SubsequentEventMember 2026-05-07 2026-05-07 0001976927 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:SubsequentEventMember 2026-05-07 0001976927 us-gaap:SubsequentEventMember 2026-05-07 2026-05-07 0001976927 us-gaap:RelatedPartyMember incref:CommonClassSMember us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 0001976927 srt:AffiliatedEntityMember incref:CommonClassSMember us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 0001976927 incref:CommonClassSMember us-gaap:SubsequentEventMember incref:DistributionReinvestmentPlanDRPSharesMember 2026-04-01 2026-05-11 0001976927 us-gaap:RelatedPartyMember incref:CommonClassS1Member us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 0001976927 srt:AffiliatedEntityMember incref:CommonClassS1Member us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 0001976927 incref:CommonClassS1Member us-gaap:SubsequentEventMember incref:DistributionReinvestmentPlanDRPSharesMember 2026-04-01 2026-05-11 0001976927 us-gaap:RelatedPartyMember incref:CommonClassDMember us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 0001976927 srt:AffiliatedEntityMember incref:CommonClassDMember us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 0001976927 incref:CommonClassDMember us-gaap:SubsequentEventMember incref:DistributionReinvestmentPlanDRPSharesMember 2026-04-01 2026-05-11 0001976927 us-gaap:RelatedPartyMember incref:CommonClassD1Member us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 0001976927 srt:AffiliatedEntityMember incref:CommonClassD1Member us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 0001976927 incref:CommonClassD1Member us-gaap:SubsequentEventMember incref:DistributionReinvestmentPlanDRPSharesMember 2026-04-01 2026-05-11 0001976927 us-gaap:RelatedPartyMember incref:CommonClassIMember us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 0001976927 srt:AffiliatedEntityMember incref:CommonClassIMember us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 0001976927 incref:CommonClassIMember us-gaap:SubsequentEventMember incref:DistributionReinvestmentPlanDRPSharesMember 2026-04-01 2026-05-11 0001976927 us-gaap:RelatedPartyMember incref:CommonClassEMember us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 0001976927 srt:AffiliatedEntityMember incref:CommonClassEMember us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 0001976927 incref:CommonClassEMember us-gaap:SubsequentEventMember incref:DistributionReinvestmentPlanDRPSharesMember 2026-04-01 2026-05-11 0001976927 us-gaap:RelatedPartyMember incref:CommonClassFMember us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 0001976927 srt:AffiliatedEntityMember incref:CommonClassFMember us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 0001976927 incref:CommonClassFMember us-gaap:SubsequentEventMember incref:DistributionReinvestmentPlanDRPSharesMember 2026-04-01 2026-05-11 0001976927 us-gaap:RelatedPartyMember us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 0001976927 srt:AffiliatedEntityMember us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 0001976927 us-gaap:SubsequentEventMember incref:DistributionReinvestmentPlanDRPSharesMember 2026-04-01 2026-05-11 0001976927 incref:PaymentForManagementFeesMember incref:AdviserMember incref:CommonClassEMember us-gaap:SubsequentEventMember 2026-04-01 2026-05-11 shares iso4217:USD iso4217:USD shares incref:segment pure iso4217:GBP iso4217:EUR incref:lender utr:D incref:instrument utr:Y incref:fiscalQuarter 0001976927 --12-31 2026 Q1 false 1 10-Q true 2026-03-31 false 000-56564 Invesco Commercial Real Estate Finance Trust, Inc. MD 92-1080856 2300 N Field Street Suite 1200 Dallas TX 75201 972 715-7400 Yes Yes Non-accelerated Filer false true true false 1817036 24390051 1510712 322925 13657812 2167590 9101630 5020686000 4475009000 5200218000 4702728000 17222000 14818000 19405000 16557000 34334000 29058000 22161000 20746000 3134000 615000 38429000 655000 5334903000 4785177000 2820938000 2359543000 223397000 223033000 1004858000 1005157000 16000000 55000000 13282000 12795000 838000 1992000 828000 804000 7277000 6536000 45390000 31526000 42545000 47261000 4174525000 3742843000 0 0 131747000 127691000 0.01 0.01 500000000 500000000 3000 2000 0.01 0.01 500000000 500000000 226000 203000 0.01 0.01 500000000 500000000 0 0 0.01 0.01 500000000 500000000 1000 0 0.01 0.01 500000000 500000000 106000 85000 0.01 0.01 500000000 500000000 1000 1000 0.01 0.01 500000000 500000000 91000 89000 1046115000 930845000 23000 94000 -18048000 -16676000 1028518000 914643000 113000 0 1028631000 914643000 5334903000 4785177000 1200000000 1200000000 1000000000.0 1000000000.0 77125000 46841000 234000 0 865000 975000 51619000 31297000 26605000 16519000 -16230000 12680000 -46000 0 10142000 -8474000 871000 0 6259000 -2180000 -466000 9000 1463000 2119000 4380000 2119000 192000 289000 5102000 4443000 3804000 1830000 4868000 4916000 0 2000 3319000 2550000 11991000 9298000 19716000 11664000 3000 0 0 2000 0 27000 19713000 11635000 19716000 11664000 -71000 26000 19645000 11690000 3000 0 0 2000 0 27000 19642000 11661000 0.42 0.43 0.42 0.43 46541642 27233292 46541867 27233368 0 2000 203000 0 0 85000 1000 89000 930845000 94000 -16676000 914643000 0 914643000 127691000 19713000 19713000 3000 19716000 1000 24000 1000 24000 121508000 121558000 121558000 6804000 3000 1000 2000 13104000 13110000 13110000 21085000 21085000 21085000 113000 113000 3000 3000 62000 62000 62000 4000 4000 19304000 19312000 19312000 2848000 -71000 -71000 -71000 -100000 -100000 -100000 100000 0 3000 226000 0 1000 106000 1000 91000 1046115000 23000 -18048000 1028518000 113000 1028631000 131747000 205000 0 72000 0 0 27000 1000 82000 448947000 -65000 -13920000 435349000 0 435349000 151367000 11664000 11664000 11664000 33000 11000 105624000 105668000 105668000 2814000 1000 2000 7565000 7568000 7568000 12943000 12943000 12943000 2000 2000 2000 19000 19000 19000 754000 754000 754000 30000000 205000 27000 232000 232000 26000 26000 26000 -160000 -160000 -160000 160000 0 0 106000 0 0 38000 1000 84000 561241000 -39000 -15228000 546203000 0 546203000 124341000 19716000 11664000 -16230000 12680000 -46000 0 10142000 -8474000 871000 0 6259000 -2180000 -5000 0 4062000 3541000 634000 19000 2467000 1019000 1670000 -458000 110000 -450000 22734000 11271000 595601000 384706000 1700000 0 45112000 0 -2586000 -117000 -549603000 -384589000 220000000 135000000 259000000 135000000 506497000 286301000 34596000 0 95650000 89741000 113000 0 13973000 809000 2848000 30000000 0 232000 32095000 28495000 1674000 1079000 7234000 4885000 535030000 367532000 -37000 -1000 8124000 -5787000 45615000 100034000 53739000 94247000 50560000 31770000 7277000 4257000 13110000 7568000 6804000 2814000 6244000 0 1978000 3857000 750000 0 100000 160000 36768000 0 3000 0 Organization and Business Purpose<div style="margin-top:10pt;text-align:justify">Invesco Commercial Real Estate Finance Trust, Inc. (the “Company” or “we”) is a Maryland corporation incorporated in October 2022. Our primary investment strategy is to originate, acquire and manage a diversified portfolio of loans and debt-like preferred equity interests secured by, or unsecured but related to, commercial real estate. We commenced investing activities in May 2023. We own substantially all of our assets through Invesco Commercial Real Estate Finance Investments, L.P. (the “Operating Partnership”), a wholly-owned subsidiary. We are externally managed by Invesco Advisers, Inc. (the “Adviser”), a registered investment adviser and an indirect, wholly-owned subsidiary of Invesco Ltd. (“Invesco”), an independent global investment management firm.</div><div style="margin-top:10pt;text-align:justify">We qualified as a real estate investment trust (“REIT”) for U.S. federal income tax purposes beginning with the taxable year ended December 31, 2023. We have one operating segment. We operate our business in a manner that permits our exclusion from the definition of an “Investment Company” under the Investment Company Act of 1940, as amended (the “Investment Company Act”). </div><div style="margin-top:10pt;text-align:justify">We are structured as a perpetual-life REIT and are engaging in a continuous, unlimited private placement offering of our common stock to “accredited investors” (as defined by Rule 501 promulgated pursuant to the Securities Act) (the “Continuous Offering”) under exemptions provided by Section 4(a)(2) of the Securities Act and applicable state securities laws. The Class S, Class S-1, Class D, Class D-1, Class I, and Class E shares sold in our Continuous Offering have different upfront selling commissions, ongoing stockholder servicing fees, management fees and performance fees.</div> 1 Summary of Significant Accounting Policies<div style="margin-top:10pt">Basis of Presentation</div><div style="margin-top:10pt;text-align:justify">Certain disclosures included in our Annual Report on Form 10-K are not required to be included on an interim basis in our quarterly reports on Form 10-Q. We have condensed or omitted these disclosures. Therefore, this Form 10-Q should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2025.</div><div style="margin-top:10pt">Consolidation </div><div style="margin-top:10pt;text-align:justify">Our condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and consolidate the financial statements of the Company and its controlled subsidiaries. In determining whether we have a controlling financial interest in a partially owned entity, we consider whether the entity is a variable interest entity (“VIE”) and whether we are the primary beneficiary. We are the primary beneficiary of a VIE when we have both the power to direct the most significant activities impacting the economic performance of the VIE and the obligation to absorb losses or receive benefits significant to the VIE. See additional information on our VIEs for the collateralized loan obligations issuer (“CLO Issuer” or “INCREF 2025-FL1”) in Note 6 — “Collateralized Loan Obligations.” All significant intercompany transactions, balances, revenues and expenses are eliminated in consolidation. In the opinion of management, the condensed consolidated financial statements reflect all adjustments, consisting of normal recurring accruals, which are necessary for a fair statement of our financial condition and results of operations for the periods presented.</div><div style="margin-top:10pt">Use of Estimates</div><div style="margin-top:10pt;text-align:justify">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our condensed consolidated financial statements and accompanying notes. Examples of estimates may include, but are not limited to, estimates of the fair values of financial instruments and estimated payment periods for certain stockholder servicing fee liabilities. Actual results may differ from those estimates.</div><div style="margin-top:10pt;text-align:justify">Cash and Cash Equivalents</div><div style="margin-top:10pt;text-align:justify">We consider all highly liquid investments that have original or remaining maturity dates of three months or less when purchased to be cash equivalents. Certain cash balances may be held in brokerage accounts that also hold our securities investments and may be swept into money market funds that meet the criteria for classification as cash equivalents. Cash and cash equivalents are carried at cost, which approximates fair value due to the highly liquid and short-term nature of these </div><div style="margin-top:10pt;text-align:justify">instruments. We may have cash balances in excess of federally insured amounts. We mitigate our risk of loss by maintaining cash deposits with high credit-quality institutions and by actively monitoring the credit risk of our counterparties.</div><div style="margin-top:10pt;text-align:justify">Restricted Cash</div><div style="margin-top:10pt;text-align:justify">Restricted cash represents (i) cash deposited with our transfer agent for investor subscriptions received prior to the date the subscriptions are effective, (ii) cash held by foreign subsidiaries that cannot be used to pay dividends without local regulatory authority approval, and (iii) cash held by the Company’s collateralized loan obligations issuer pending reinvestment in eligible collateral. See Note 6 — “Collateralized Loan Obligations” for additional details.</div><div style="margin-top:10pt;text-align:justify">Due From Servicer</div><div style="margin-top:10pt;text-align:justify">As of March 31, 2026, the Company had a balance of $37.5 million related to amounts collected by the loan servicer but not yet remitted to the Company’s consolidated CLO Issuer and to the Company. These amounts primarily represent principal and interest payments received from a borrower prior to quarter-end but not yet transferred to the Company’s consolidated CLO and to the Company. This amount is included in Other Assets on the condensed consolidated balance sheet as of March 31, 2026.</div><div style="margin-top:10pt;text-align:justify">Income Taxes</div><div style="margin-top:10pt;text-align:justify">We elect to treat certain of our corporate subsidiaries as taxable REIT subsidiaries (“TRS”) which are subject to federal, state and local corporate income tax, as applicable. TRSs hold investments in assets, income streams, operating companies and associated expenses that produce non-qualifying items for purposes of REIT testing. Current income tax expense is recorded within other income (expense), net on our condensed consolidated statements of comprehensive income. Deferred tax assets, valuation allowance, and deferred tax liabilities are recorded within other assets or other liabilities, as applicable, on our condensed consolidated balance sheets. </div><div style="margin-top:10pt;text-align:justify">For the three months ended March 31, 2026, we recorded income tax expense of $13,000 located within other income and (expense), net on our comprehensive statements of comprehensive income. We did not have tax expense in the three months ended March 31, 2025. As of March 31, 2026, our tax years 2023 through 2026 remain subject to examination by the United States tax authorities. </div><div style="margin-top:10pt;text-align:justify">Fair Value Measurement</div><div style="margin-top:10pt;text-align:justify">We have elected the fair value option for our commercial real estate loan investments, real estate-related securities, secured lending and term lending agreements (collectively, our “secured financing facilities”), our revolving credit facility, and our CLO. The Company believes the fair value option will provide its financial statements users with reduced complexity, greater consistency, understandability and comparability.</div><div style="margin-top:10pt;text-align:justify">In the month that we originate or acquire a loan that is held outside of the CLO Issuer, the par value of the loan represents its fair value. Thereafter, an independent valuation advisor values our commercial loan investments monthly using a discounted cash flow analysis. The yield used in the discounted cash flow analysis is determined by comparing the features of the loan to the interest rates and terms required by lenders in the new loan origination market for similar loans and the yield required by investors acquiring similar loans in the secondary market as well as a comparison of current market and collateral conditions to those present at origination or acquisition. The Company elected to apply the measurement alternative for consolidated collateralized financing entities with respect to the CLO Issuer. Accordingly, commercial real estate loans and loan participations that are collateral assets within the consolidated CLO Issuer are measured using the fair value of the more observable notes as an indicator of the fair value of the assets as a whole. A portion of these notes are related to the retained income notes, which are valued using a discounted cash flow model. The discounted cash flow model estimates expected future cash flows based on the contractual terms and relevant market data, incorporating collateral characteristics, prepayment and default assumptions, loss severity, credit enhancement features, and note specific factors, and discounts these projected cash flows using a market‑based yield.</div><div style="margin-top:10pt;text-align:justify">In determining the fair value of a particular real estate-related security, we use pricing service providers, who may use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models to determine the reported price. The pricing service providers’ internal models for securities generally consider the attributes applicable to a particular class of the security (e.g., credit rating or seniority), current market data, and estimated cash flows for each class and incorporate deal collateral performance such as prepayment speeds and default rates, as available. </div><div style="margin-top:10pt;text-align:justify">In the month that we enter into a borrowing arrangement, the par value of the borrowing represents the fair value of the arrangement. Thereafter, an independent valuation advisor values our revolving credit facility and secured financing facilities monthly. The independent valuation advisor calculates the fair value of the revolving credit facility based on a determination of the price that would be paid by another market participant to assume the lender’s position in the transaction. The fair value of secured financing facilities is calculated using a discounted cash flow analysis where the remaining debt service cash flow, based on the contractual economics stated in the loan agreement, is valued using a market interest rate which reflects an estimate for how a lender would price an equivalent loan for the remaining term. Additionally, we consider current market rates and conditions by evaluating similar borrowing agreements with comparable loan-to-value ratios and credit profiles. The market rate of interest is adjusted to reflect our own credit risk for recourse borrowings. </div><div style="margin-top:10pt;text-align:justify">We generally determine the fair value of the collateralized loan obligations by utilizing third party pricing services, broker-dealer quotations, and discounted cash flow models. We conduct an ongoing evaluation of their valuation methodologies and processes and review the individual valuations themselves. Our review consists of consideration of a variety of factors, including market transaction information for the particular bond, market transaction information for similar bonds, the bond’s ratings and the bond’s subordination levels.</div><div style="margin-top:10pt;text-align:justify">Our currency forward contracts are valued by an independent pricing service based on contractual cash flows and quoted foreign currency rates available in an active market. When determining the fair value of our forward currency contracts as of each measurement date, we consider the effect of counterparty nonperformance risk as a part of the valuation process and include a credit risk adjustment where appropriate.</div><div style="margin-top:10pt;text-align:justify">Real Estate-Related Securities</div><div style="margin-top:10pt;text-align:justify">We invest in debt securities of real estate companies. We have elected the fair value option for accounting for investments in debt securities. We record changes in fair value of debt securities as unrealized gain (loss) on real estate-related securities and interest income on debt securities as interest income in our condensed consolidated statements of comprehensive income.</div><div style="margin-top:10pt;text-align:justify">Collateralized Loan Obligations</div><div style="margin-top:10pt;text-align:justify">The Company financed a pool of loans and loan participations from its existing loan portfolio through a managed collateralized financing entity, INCREF 2025-FL1. The Company consolidates the CLO Issuer because it determined that the CLO issuer is a VIE and that the Company is the primary beneficiary of such VIE. The collateral assets securing the collateralized loan obligations include the pool of loans and loan participations, which are included on the condensed consolidated balance sheets as commercial real estate loan investments, at fair value. The notes issued by the consolidated CLO Issuer are included on the Company’s condensed consolidated balance sheets as collateralized loan obligations, at fair value. Collateralized loan obligations consist solely of obligations held by third party rated note holders and exclude the retained tranches held by the Company, which are eliminated in consolidation of the CLO Issuer. The interest income from the CLO Issuer’s collateral assets and interest expense on the notes issued by the CLO Issuer are presented on a gross basis within interest income and interest expense, respectively, in the condensed consolidated statements of comprehensive income. Because we elected the fair value option for our collateralized loan obligations, we record any changes in their fair values as unrealized gain (loss) on collateralized loan obligations, net in our condensed consolidated statements of comprehensive income.</div><div style="margin-top:10pt;text-align:justify">Significant Accounting Policies</div>There have been no changes to our accounting policies included in Note 2 — “Summary of Significant Accounting Policies” to the consolidated financial statements of our Annual Report on Form 10-K for the year ended December 31, 2025. <div style="margin-top:10pt">Basis of Presentation</div><div style="margin-top:10pt;text-align:justify">Certain disclosures included in our Annual Report on Form 10-K are not required to be included on an interim basis in our quarterly reports on Form 10-Q. We have condensed or omitted these disclosures. Therefore, this Form 10-Q should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2025.</div> <div style="margin-top:10pt">Consolidation </div><div style="margin-top:10pt;text-align:justify">Our condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and consolidate the financial statements of the Company and its controlled subsidiaries. In determining whether we have a controlling financial interest in a partially owned entity, we consider whether the entity is a variable interest entity (“VIE”) and whether we are the primary beneficiary. We are the primary beneficiary of a VIE when we have both the power to direct the most significant activities impacting the economic performance of the VIE and the obligation to absorb losses or receive benefits significant to the VIE. See additional information on our VIEs for the collateralized loan obligations issuer (“CLO Issuer” or “INCREF 2025-FL1”) in Note 6 — “Collateralized Loan Obligations.” All significant intercompany transactions, balances, revenues and expenses are eliminated in consolidation. In the opinion of management, the condensed consolidated financial statements reflect all adjustments, consisting of normal recurring accruals, which are necessary for a fair statement of our financial condition and results of operations for the periods presented.</div> <div style="margin-top:10pt">Use of Estimates</div><div style="margin-top:10pt;text-align:justify">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our condensed consolidated financial statements and accompanying notes. Examples of estimates may include, but are not limited to, estimates of the fair values of financial instruments and estimated payment periods for certain stockholder servicing fee liabilities. Actual results may differ from those estimates.</div> <div style="margin-top:10pt;text-align:justify">Cash and Cash Equivalents</div><div style="margin-top:10pt;text-align:justify">We consider all highly liquid investments that have original or remaining maturity dates of three months or less when purchased to be cash equivalents. Certain cash balances may be held in brokerage accounts that also hold our securities investments and may be swept into money market funds that meet the criteria for classification as cash equivalents. Cash and cash equivalents are carried at cost, which approximates fair value due to the highly liquid and short-term nature of these </div><div style="margin-top:10pt;text-align:justify">instruments. We may have cash balances in excess of federally insured amounts. We mitigate our risk of loss by maintaining cash deposits with high credit-quality institutions and by actively monitoring the credit risk of our counterparties.</div> <div style="margin-top:10pt;text-align:justify">Restricted Cash</div><div style="margin-top:10pt;text-align:justify">Restricted cash represents (i) cash deposited with our transfer agent for investor subscriptions received prior to the date the subscriptions are effective, (ii) cash held by foreign subsidiaries that cannot be used to pay dividends without local regulatory authority approval, and (iii) cash held by the Company’s collateralized loan obligations issuer pending reinvestment in eligible collateral. See Note 6 — “Collateralized Loan Obligations” for additional details.</div> 37500000 <div style="margin-top:10pt;text-align:justify">Income Taxes</div>We elect to treat certain of our corporate subsidiaries as taxable REIT subsidiaries (“TRS”) which are subject to federal, state and local corporate income tax, as applicable. TRSs hold investments in assets, income streams, operating companies and associated expenses that produce non-qualifying items for purposes of REIT testing. Current income tax expense is recorded within other income (expense), net on our condensed consolidated statements of comprehensive income. Deferred tax assets, valuation allowance, and deferred tax liabilities are recorded within other assets or other liabilities, as applicable, on our condensed consolidated balance sheets. 13000 0 <div style="margin-top:10pt;text-align:justify">Fair Value Measurement</div><div style="margin-top:10pt;text-align:justify">We have elected the fair value option for our commercial real estate loan investments, real estate-related securities, secured lending and term lending agreements (collectively, our “secured financing facilities”), our revolving credit facility, and our CLO. The Company believes the fair value option will provide its financial statements users with reduced complexity, greater consistency, understandability and comparability.</div><div style="margin-top:10pt;text-align:justify">In the month that we originate or acquire a loan that is held outside of the CLO Issuer, the par value of the loan represents its fair value. Thereafter, an independent valuation advisor values our commercial loan investments monthly using a discounted cash flow analysis. The yield used in the discounted cash flow analysis is determined by comparing the features of the loan to the interest rates and terms required by lenders in the new loan origination market for similar loans and the yield required by investors acquiring similar loans in the secondary market as well as a comparison of current market and collateral conditions to those present at origination or acquisition. The Company elected to apply the measurement alternative for consolidated collateralized financing entities with respect to the CLO Issuer. Accordingly, commercial real estate loans and loan participations that are collateral assets within the consolidated CLO Issuer are measured using the fair value of the more observable notes as an indicator of the fair value of the assets as a whole. A portion of these notes are related to the retained income notes, which are valued using a discounted cash flow model. The discounted cash flow model estimates expected future cash flows based on the contractual terms and relevant market data, incorporating collateral characteristics, prepayment and default assumptions, loss severity, credit enhancement features, and note specific factors, and discounts these projected cash flows using a market‑based yield.</div><div style="margin-top:10pt;text-align:justify">In determining the fair value of a particular real estate-related security, we use pricing service providers, who may use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models to determine the reported price. The pricing service providers’ internal models for securities generally consider the attributes applicable to a particular class of the security (e.g., credit rating or seniority), current market data, and estimated cash flows for each class and incorporate deal collateral performance such as prepayment speeds and default rates, as available. </div><div style="margin-top:10pt;text-align:justify">In the month that we enter into a borrowing arrangement, the par value of the borrowing represents the fair value of the arrangement. Thereafter, an independent valuation advisor values our revolving credit facility and secured financing facilities monthly. The independent valuation advisor calculates the fair value of the revolving credit facility based on a determination of the price that would be paid by another market participant to assume the lender’s position in the transaction. The fair value of secured financing facilities is calculated using a discounted cash flow analysis where the remaining debt service cash flow, based on the contractual economics stated in the loan agreement, is valued using a market interest rate which reflects an estimate for how a lender would price an equivalent loan for the remaining term. Additionally, we consider current market rates and conditions by evaluating similar borrowing agreements with comparable loan-to-value ratios and credit profiles. The market rate of interest is adjusted to reflect our own credit risk for recourse borrowings. </div><div style="margin-top:10pt;text-align:justify">We generally determine the fair value of the collateralized loan obligations by utilizing third party pricing services, broker-dealer quotations, and discounted cash flow models. We conduct an ongoing evaluation of their valuation methodologies and processes and review the individual valuations themselves. Our review consists of consideration of a variety of factors, including market transaction information for the particular bond, market transaction information for similar bonds, the bond’s ratings and the bond’s subordination levels.</div><div style="margin-top:10pt;text-align:justify">Our currency forward contracts are valued by an independent pricing service based on contractual cash flows and quoted foreign currency rates available in an active market. When determining the fair value of our forward currency contracts as of each measurement date, we consider the effect of counterparty nonperformance risk as a part of the valuation process and include a credit risk adjustment where appropriate.</div><div style="margin-top:10pt;text-align:justify">Real Estate-Related Securities</div><div style="margin-top:10pt;text-align:justify">We invest in debt securities of real estate companies. We have elected the fair value option for accounting for investments in debt securities. We record changes in fair value of debt securities as unrealized gain (loss) on real estate-related securities and interest income on debt securities as interest income in our condensed consolidated statements of comprehensive income.</div><div style="margin-top:10pt;text-align:justify">Collateralized Loan Obligations</div><div style="margin-top:10pt;text-align:justify">The Company financed a pool of loans and loan participations from its existing loan portfolio through a managed collateralized financing entity, INCREF 2025-FL1. The Company consolidates the CLO Issuer because it determined that the CLO issuer is a VIE and that the Company is the primary beneficiary of such VIE. The collateral assets securing the collateralized loan obligations include the pool of loans and loan participations, which are included on the condensed consolidated balance sheets as commercial real estate loan investments, at fair value. The notes issued by the consolidated CLO Issuer are included on the Company’s condensed consolidated balance sheets as collateralized loan obligations, at fair value. Collateralized loan obligations consist solely of obligations held by third party rated note holders and exclude the retained tranches held by the Company, which are eliminated in consolidation of the CLO Issuer. The interest income from the CLO Issuer’s collateral assets and interest expense on the notes issued by the CLO Issuer are presented on a gross basis within interest income and interest expense, respectively, in the condensed consolidated statements of comprehensive income. Because we elected the fair value option for our collateralized loan obligations, we record any changes in their fair values as unrealized gain (loss) on collateralized loan obligations, net in our condensed consolidated statements of comprehensive income.</div><div style="margin-top:10pt;text-align:justify">A three-level valuation hierarchy exists for disclosure of fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect our market assumptions. The three levels are defined as follows:</div><div style="margin-top:10pt;text-align:justify">Level 1 — quoted prices are available in active markets for identical investments as of the measurement date. We do not adjust the quoted price for these investments.</div><div style="margin-top:10pt;text-align:justify">Level 2 — quoted prices are available in markets that are not active or model inputs are based on inputs that are either directly or indirectly observable as of the measurement date.</div><div style="margin-top:10pt;text-align:justify">Level 3 — pricing inputs are unobservable and include instances where there is minimal, if any, market activity for the investment. These inputs require significant judgment or estimation by management or third parties when determining fair value and generally represent anything that does not meet the criteria of Levels 1 and 2. Due to the inherent uncertainty of these estimates, these values may differ materially from the values that would have been used had a ready market for these investments existed.</div> Commercial Real Estate Loan Investments<div style="margin-top:10pt">The table below summarizes our investments in commercial real estate loans as of March 31, 2026 and December 31, 2025:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:37.406%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.617%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Loan Type</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Loan Amount(1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Principal Balance Outstanding</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Interest Rate(2)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Life (years)(3)</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">March 31, 2026</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-indent:4.5pt">Senior loans(4)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">5,545,099 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">5,167,516 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">5,174,445 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.30 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3.84</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;text-indent:4.5pt;vertical-align:bottom">Mezzanine loans</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,773 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,773 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12.00 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:middle">3.59</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5,575,099 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5,193,289 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5,200,218 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.33 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">3.84</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">December 31, 2025</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-indent:4.5pt">Senior loans(4)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">5,025,649 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">4,670,191 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">4,677,720 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.40 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3.91</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;text-indent:4.5pt;vertical-align:bottom">Mezzanine loans</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,008 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,008 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12.00 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:middle">3.84</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5,055,649 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">4,695,199 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">4,702,728 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.43 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">3.91</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Loan amount consists of outstanding principal balance plus unfunded loan commitments.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(2)Domestic loans earn interest at the one-month Term Secured Overnight Financing Rate (“SOFR”) plus a spread. Euro denominated loans earn interest at three-month Euro Interbank Offered Rate (“Euribor”) plus a spread. Our loans denominated in British pound sterling earn interest at three-month Sterling Overnight Index Average (“SONIA”) plus a spread.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(3)Assumes all extension options are exercised by the borrower; however, loans may be repaid prior to such date. Extension options are subject to certain conditions, as defined in the respective loan agreement.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(4)Senior loans include senior mortgages and similar credit quality loans, including related contiguous subordinate loans and accommodation mezzanine loans in connection with the senior mortgage financing. </div><div style="margin-top:10pt;text-align:justify">The tables below detail the property type and geographic location of the properties securing our commercial real estate loans as of March 31, 2026 and December 31, 2025:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:49.705%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.616%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle">March 31, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle">December 31, 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Property Type</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Percentage</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Percentage</td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Multifamily</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">2,750,140 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">52.9 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">2,292,433 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48.7 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Industrial</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,889,528 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36.3 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,870,741 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">39.8 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Student housing</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">345,945 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.7 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">343,204 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7.3 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Self-storage</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">214,605 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4.1 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">196,350 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4.2 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5,200,218 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.0 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">4,702,728 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.0 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr></table></div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:49.705%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.616%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle">March 31, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle">December 31, 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Geographic Location</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Percentage</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Percentage</td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">United States:</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">East</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">1,447,748 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27.9 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">1,409,703 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30.0 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">South</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,217,646 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23.4 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,107,282 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23.5 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">West</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,129,770 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">21.7 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">986,262 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">21.0 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt">Various U.S.(1)</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">474,875 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9.1 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">474,366 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10.1 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">Midwest</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">122,797 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2.4 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">122,767 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2.6 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">4,392,836 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">84.5 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">4,100,380 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">87.2 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Non-US:</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div> United Kingdom(2)</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:middle">535,029 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10.3 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:middle">324,365 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.9 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div> Europe(3)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">272,353 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5.2 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">277,983 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5.9 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">807,382 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15.5 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">602,348 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12.8 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5,200,218 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.0 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">4,702,728 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.0 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Various U.S. includes self-storage and industrial portfolios with multiple locations throughout the United States.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(2)Our European loans that are collateralized by industrial commercial real estate in the United Kingdom are denominated in British pounds sterling and have an aggregate fair value of £404.8 million as of March 31, 2026.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(3)Our European loans that are collateralized by industrial commercial real estate in France, Spain and Italy are denominated in Euros and have an aggregate fair value of €236.7 million as of March 31, 2026.</div><div style="margin-top:10pt;text-align:justify">The weighted average loan-to-value ratio, a metric utilized in the fair value measurement of our commercial real estate loan investments, for our loan investments at March 31, 2026 was approximately 66% based on the loan principal amount and the independent property appraisals.</div><div style="margin-top:10pt;text-align:justify">Interest income earned by our US commercial real estate loans for the three months ended March 31, 2026 and 2025 was $67.0 million and $42.1 million, respectively. Interest income earned by our non-US commercial real estate loans for the three months ended March 31, 2026 and 2025 was $10.1 million and $4.7 million, respectively. </div>Real Estate-Related Securities <div style="margin-top:10pt">The following tables summarize our real estate-related securities as of March 31, 2026 and December 31, 2025:</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:15.883%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.184%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="39" style="padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Principal Balance</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Unamortized Premium (Discount)</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Amortized Cost</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Unrealized Gain (Loss), Net</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Weighted Average Yield</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Weighted Average Maturity Date</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Non-agency CMBS</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">17,220 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(38)</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">17,182 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">40 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">17,222 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6.16 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">February 2040</td></tr></table></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:15.883%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.184%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="39" style="padding:2px 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Principal Balance</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Unamortized Premium (Discount)</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Amortized Cost</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Unrealized Gain (Loss), Net</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Weighted Average Yield</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Weighted Average Maturity Date</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Non-agency CMBS</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">14,770 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(38)</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">14,732 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">86 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">14,818 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6.29 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">March 2040</td></tr></table></div><div style="margin-top:10pt">The following table presents the components of gain (loss) on real estate-related securities, net for the three months ended March 31, 2026:</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:37.845%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.665%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.665%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.670%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Realized Gain (Loss), Net</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Unrealized Gain (Loss), Net</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Gain (Loss), Net</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Non-agency CMBS</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(46)</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(46)</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt">We did not hold real estate-related securities during the three months ended March 31, 2025.</div> <div style="margin-top:10pt">The table below summarizes our investments in commercial real estate loans as of March 31, 2026 and December 31, 2025:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:37.406%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.617%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Loan Type</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Loan Amount(1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Principal Balance Outstanding</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Interest Rate(2)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Life (years)(3)</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">March 31, 2026</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-indent:4.5pt">Senior loans(4)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">5,545,099 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">5,167,516 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">5,174,445 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.30 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3.84</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;text-indent:4.5pt;vertical-align:bottom">Mezzanine loans</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,773 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,773 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12.00 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:middle">3.59</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5,575,099 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5,193,289 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5,200,218 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.33 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">3.84</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">December 31, 2025</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-indent:4.5pt">Senior loans(4)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">5,025,649 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">4,670,191 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">4,677,720 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.40 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3.91</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;text-indent:4.5pt;vertical-align:bottom">Mezzanine loans</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,008 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,008 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12.00 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:middle">3.84</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5,055,649 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">4,695,199 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">4,702,728 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.43 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">3.91</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Loan amount consists of outstanding principal balance plus unfunded loan commitments.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(2)Domestic loans earn interest at the one-month Term Secured Overnight Financing Rate (“SOFR”) plus a spread. Euro denominated loans earn interest at three-month Euro Interbank Offered Rate (“Euribor”) plus a spread. Our loans denominated in British pound sterling earn interest at three-month Sterling Overnight Index Average (“SONIA”) plus a spread.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(3)Assumes all extension options are exercised by the borrower; however, loans may be repaid prior to such date. Extension options are subject to certain conditions, as defined in the respective loan agreement.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(4)Senior loans include senior mortgages and similar credit quality loans, including related contiguous subordinate loans and accommodation mezzanine loans in connection with the senior mortgage financing. </div><div style="margin-top:10pt;text-align:justify">The tables below detail the property type and geographic location of the properties securing our commercial real estate loans as of March 31, 2026 and December 31, 2025:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:49.705%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.616%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle">March 31, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle">December 31, 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Property Type</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Percentage</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Percentage</td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Multifamily</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">2,750,140 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">52.9 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">2,292,433 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48.7 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Industrial</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,889,528 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36.3 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,870,741 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">39.8 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Student housing</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">345,945 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.7 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">343,204 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7.3 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Self-storage</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">214,605 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4.1 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">196,350 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4.2 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5,200,218 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.0 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">4,702,728 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.0 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr></table></div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:49.705%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.613%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.616%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle">March 31, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle">December 31, 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Geographic Location</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Percentage</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Percentage</td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">United States:</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">East</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">1,447,748 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27.9 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">1,409,703 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30.0 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">South</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,217,646 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23.4 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,107,282 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23.5 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">West</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,129,770 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">21.7 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">986,262 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">21.0 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt">Various U.S.(1)</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">474,875 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9.1 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">474,366 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10.1 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">Midwest</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">122,797 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2.4 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">122,767 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2.6 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">4,392,836 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">84.5 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">4,100,380 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">87.2 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Non-US:</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div> United Kingdom(2)</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:middle">535,029 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10.3 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:middle">324,365 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.9 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div> Europe(3)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">272,353 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5.2 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">277,983 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5.9 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">807,382 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15.5 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">602,348 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12.8 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5,200,218 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.0 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">4,702,728 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.0 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Various U.S. includes self-storage and industrial portfolios with multiple locations throughout the United States.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(2)Our European loans that are collateralized by industrial commercial real estate in the United Kingdom are denominated in British pounds sterling and have an aggregate fair value of £404.8 million as of March 31, 2026.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(3)Our European loans that are collateralized by industrial commercial real estate in France, Spain and Italy are denominated in Euros and have an aggregate fair value of €236.7 million as of March 31, 2026.</div><div style="margin-top:10pt">The following tables summarize our real estate-related securities as of March 31, 2026 and December 31, 2025:</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:15.883%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.184%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="39" style="padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Principal Balance</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Unamortized Premium (Discount)</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Amortized Cost</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Unrealized Gain (Loss), Net</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Weighted Average Yield</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Weighted Average Maturity Date</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Non-agency CMBS</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">17,220 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(38)</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">17,182 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">40 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">17,222 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6.16 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">February 2040</td></tr></table></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:15.883%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.184%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="39" style="padding:2px 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Principal Balance</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Unamortized Premium (Discount)</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Amortized Cost</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Unrealized Gain (Loss), Net</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Weighted Average Yield</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Weighted Average Maturity Date</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Non-agency CMBS</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">14,770 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(38)</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">14,732 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">86 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">14,818 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6.29 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">March 2040</td></tr></table></div><div style="margin-top:10pt">The following table presents the components of gain (loss) on real estate-related securities, net for the three months ended March 31, 2026:</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:37.845%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.665%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.665%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.670%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Realized Gain (Loss), Net</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Unrealized Gain (Loss), Net</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Gain (Loss), Net</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Non-agency CMBS</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(46)</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(46)</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 5545099000 5167516000 5174445000 0.0630 P3Y10M2D 30000000 25773000 25773000 0.1200 P3Y7M2D 5575099000 5193289000 5200218000 0.0633 P3Y10M2D 5025649000 4670191000 4677720000 0.0640 P3Y10M28D 30000000 25008000 25008000 0.1200 P3Y10M2D 5055649000 4695199000 4702728000 0.0643 P3Y10M28D 2750140000 0.529 2292433000 0.487 1889528000 0.363 1870741000 0.398 345945000 0.067 343204000 0.073 214605000 0.041 196350000 0.042 5200218000 1.000 4702728000 1.000 1447748000 0.279 1409703000 0.300 1217646000 0.234 1107282000 0.235 1129770000 0.217 986262000 0.210 474875000 0.091 474366000 0.101 122797000 0.024 122767000 0.026 4392836000 0.845 4100380000 0.872 535029000 0.103 324365000 0.069 272353000 0.052 277983000 0.059 807382000 0.155 602348000 0.128 5200218000 1.000 4702728000 1.000 404800000 236700000 0.66 67000000.0 42100000 10100000 4700000 17220000 -38000 17182000 40000 17222000 0.0616 14770000 -38000 14732000 86000 14818000 0.0629 0 -46000 -46000 Borrowings<div style="margin-top:10pt;text-align:justify">The table below summarizes our borrowing arrangements as of March 31, 2026 and December 31, 2025. Our borrowing arrangements include our secured financing facilities and a revolving credit facility. </div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:16.615%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.513%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.659%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.709%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.549%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Current Maturity</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Extension Options(1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Interest Rate(2)</div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Maximum Facility Size</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Available Capacity</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount Outstanding</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount Outstanding</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Term Lending Agreements</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom">INCREF Lending II</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Match-term</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Match-term</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.94%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">300,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">144,603 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">155,397 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">155,397 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">155,027 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">155,033 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom">INCREF Lending III</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Match-term</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Match-term</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.17%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">72,840 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,840 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">68,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">68,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">68,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">68,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="9" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Secured Lending Agreements</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Repurchase Agreements</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt">Morgan Stanley Bank(3)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">Dec 2027</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">Dec 2028</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.33%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">69,430 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">680,570 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">680,474 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">713,335 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">713,335 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom">Citibank</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom">Jul 2027</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom">Jul 2029</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.07%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,000,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">417,996 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">582,004 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">582,004 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">590,301 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">590,401 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt">Barclays(3)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">Apr 2027</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">Apr 2029</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.15%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">500,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">77,106 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">422,894 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">422,894 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">328,897 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">328,897 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt">Wells Fargo(3)</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom">Mar 2028</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom">Mar 2031</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.16%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,200,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">629,095 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">570,905 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">570,892 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">340,663 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">340,664 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt">Bank of Montreal(3)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">Jul 2027</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">Jul 2030</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.00%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">256,600 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">256,600 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">256,600 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">256,600 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">256,600 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt">INCREF Repurchase I(3)</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom">Feb 2027</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom">Feb 2030</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.15%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">250,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">74,964 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">175,036 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">175,066 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">129,589 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">129,646 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom">INCREF Repurchase II</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">Feb 2029</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">Feb 2029</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.12%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">250,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">116,992 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">133,008 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">133,008 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">N/A</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">N/A</td></tr><tr><td colspan="9" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total secured financing facilities</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4,579,440 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,535,026 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,044,414 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,044,335 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,582,412 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,582,576 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Revolving Credit Facility(4)</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">6.57%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">162,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">146,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">16,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">16,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">55,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">55,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Assumes all available extension options are exercised.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(2)Represents the weighted average interest rate in effect as of March 31, 2026.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(3)Certain extension options for these facilities are subject to lender approval and compliance with certain financial and administrative covenants.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(4)Maturity date is aligned with the Company’s ability to call remaining outstanding capital committed under the Invesco Subscription Agreement, as further explained below.</div><div style="margin-top:10pt;text-align:justify">Borrowings denominated in U.S. dollars under our secured financing facilities and revolving credit facility bear interest at one-month Term SOFR plus a spread. Euro denominated borrowings bear interest at three-month Euribor plus a spread, and our British pound sterling denominated borrowings bear interest at three-month SONIA plus a spread. Our secured financing facilities are subject to certain non-financial and financial covenants, including liquidity, tangible net worth and leverage covenants. We were in compliance with these covenants as of March 31, 2026.</div><div style="margin-top:10pt;text-align:justify">Term Lending Agreements</div><div style="margin-top:10pt;text-align:justify">INCREF Lending II and INCREF Lending III provide asset-based financing on a non-mark-to-market basis with partial recourse to the Company and match-term to the underlying loans. We have pledged certain commercial real estate loan investments with a fair value of approximately $198.7 million and $85.0 million as collateral for INCREF Lending II and INCREF Lending III, respectively. We segregate the commercial real estate loans that we have pledged as collateral in our books and records. Our term lending agreement counterparties have the right to resell or repledge the collateral posted but have the obligation to return the pledged collateral upon maturity of the term lending agreement.</div><div style="margin-top:10pt;text-align:justify">Secured Lending Agreements</div><div style="margin-top:10pt;text-align:justify">In February 2026, we entered into a $250.0 million Master Repurchase Agreement with a financial institution (“INCREF Repurchase II”) that provides asset-based financing with partial recourse to the Company. We have pledged certain commercial real estate loan investments with a fair value of approximately $166.3 million as collateral for INCREF Repurchase II.</div><div style="margin-top:10pt;text-align:justify">We have entered into traditional repurchase agreements with seven financial institutions, as detailed in the table above. We have pledged certain commercial real estate loan investments with a fair value of approximately $3.5 billion as collateral for these agreements. Certain borrowings under our Citibank repurchase agreement are collateralized by European commercial real estate loans. The borrowings are denominated in Euros and British pounds sterling and have a fair value of €189.4 million and £192.8 million, respectively, as of March 31, 2026. In March 2026, we added Euro capacity of €123.0 million and British pound sterling capacity of £255.4 million and upsized the U.S. dollar capacity to $700.0 million under our Wells Fargo repurchase agreement, resulting in a total facility size of $1.2 billion. Certain borrowings under our Wells Fargo agreement are collateralized by European commercial real estate loans, denominated in British pounds sterling, and have a fair value of £125.0 million as of March 31, 2026. We segregate the commercial real estate loans that we have pledged as collateral in our books and records. Our repurchase agreement counterparties have the right to resell or repledge the collateral posted but have the obligation to return the pledged collateral upon maturity of the repurchase agreement. </div><div style="margin-top:10pt;text-align:justify">We were not required to post any margin under our master repurchase agreements as of March 31, 2026 and December 31, 2025. A margin deficiency may generally result from either a decline in the underlying loan’s market value or a shortfall in operating performance of the property. We may finance multiple commercial loan investments under a repurchase agreement; therefore, a margin excess in one asset could help mitigate a margin deficiency in another asset under the same repurchase agreement. We intend to maintain a level of liquidity that will enable us to meet margin calls. Master repurchase agreements are recourse obligations. </div><div style="margin-top:10pt;text-align:justify">Counterparty Exposure</div><div style="margin-top:10pt;text-align:justify">We have pledged certain commercial real estate loan investments as collateral for our secured financing facilities. If a secured financing counterparty were to default on its obligation to return the collateral, we would be exposed to potential losses to the extent the fair value of the collateral that we have pledged to the counterparty exceeded the amount loaned to us plus interest due to the counterparty. The following table summarizes our net exposure with those counterparties where the amount at risk exceeded 10.0% of equity as of March 31, 2026 and December 31, 2025.</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:37.406%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.812%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.812%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.815%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Outstanding Principal</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Net Counterparty Exposure</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Life (Years)(1)</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">March 31, 2026</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Morgan Stanley Bank</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">680,570 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">176,662 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2.68</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Citibank</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">582,004 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">145,501 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">3.32</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Bank of Montreal</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">411,997 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">107,449 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">3.94</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Barclays</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">422,894 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">107,993 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">3.07</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Wells Fargo</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">570,905 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">156,122 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">3.15</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,668,370 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">693,727 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">3.17</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">December 31, 2025</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Morgan Stanley Bank</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">713,335 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">186,066 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">2.92</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Citibank</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">590,301 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">148,674 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">3.56</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Bank of Montreal</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">411,627 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">107,463 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">4.18</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,715,263 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">442,203 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">3.45</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Assumes all extension options are exercised for borrowing facilities that may be extended at our option, subject to compliance with certain financial and administrative covenants.</div><div style="margin-top:10pt;text-align:justify">The following table shows the aggregate amount of maturities of our outstanding borrowings over the next five years and thereafter as of March 31, 2026:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:40.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.930%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.400%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Secured Lending Agreements(1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Term Lending Agreements(1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Revolving Credit Facility(1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Year</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2026 (remaining)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">16,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">16,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">680,570 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">680,570 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">2029</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,137,906 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">128,369 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,266,275 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2030</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">431,636 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">95,028 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">526,664 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">2031</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">570,905 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">570,905 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Thereafter</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,821,017 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">223,397 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">16,000 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,060,414 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Assumes all extension options are exercised for borrowing facilities that may be extended at our option, subject to compliance with certain financial and administrative covenants.</div><div style="margin-top:10pt;text-align:justify">Revolving Credit Facility</div><div style="margin-top:10pt;text-align:justify">Our revolving credit facility is secured by uncalled capital subscriptions under the terms of the Invesco Subscription Agreement, as described in Note 11 — “Redeemable Common Stock - Related Party”. Borrowings under the facility bear interest at one-month Term SOFR or the prime rate plus a spread. The revolving credit facility allows for the ability to obtain tranches of term financing in addition to general borrowings under an Uncommitted Tranche (as defined in the credit agreement). The Uncommitted Tranche is due on demand (15 business days after notice); any Funded Tranche (as defined in the credit agreement) is due no later than (a) three years from issuance or (b) 360 days after notice; and all amounts outstanding under the facility are due 30 days prior to the last date on which capital calls may be issued. The facility is prepayable without penalty. </div><div style="margin-top:10pt;text-align:justify">Our revolving credit facility is subject to certain affirmative and negative non-financial and financial covenants, including a limitation on indebtedness. We were in compliance with these covenants as of March 31, 2026.</div> <div style="margin-top:10pt;text-align:justify">The table below summarizes our borrowing arrangements as of March 31, 2026 and December 31, 2025. Our borrowing arrangements include our secured financing facilities and a revolving credit facility. </div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:16.615%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.513%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.659%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.709%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.549%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Current Maturity</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Extension Options(1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Interest Rate(2)</div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Maximum Facility Size</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Available Capacity</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount Outstanding</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount Outstanding</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Term Lending Agreements</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom">INCREF Lending II</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Match-term</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Match-term</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.94%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">300,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">144,603 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">155,397 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">155,397 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">155,027 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">155,033 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom">INCREF Lending III</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Match-term</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Match-term</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.17%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">72,840 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,840 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">68,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">68,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">68,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">68,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="9" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Secured Lending Agreements</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Repurchase Agreements</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt">Morgan Stanley Bank(3)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">Dec 2027</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">Dec 2028</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.33%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">69,430 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">680,570 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">680,474 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">713,335 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">713,335 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom">Citibank</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom">Jul 2027</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom">Jul 2029</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.07%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,000,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">417,996 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">582,004 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">582,004 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">590,301 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">590,401 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt">Barclays(3)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">Apr 2027</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">Apr 2029</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.15%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">500,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">77,106 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">422,894 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">422,894 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">328,897 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">328,897 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt">Wells Fargo(3)</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom">Mar 2028</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom">Mar 2031</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.16%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,200,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">629,095 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">570,905 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">570,892 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">340,663 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">340,664 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt">Bank of Montreal(3)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">Jul 2027</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">Jul 2030</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.00%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">256,600 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">256,600 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">256,600 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">256,600 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">256,600 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt">INCREF Repurchase I(3)</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom">Feb 2027</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom">Feb 2030</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.15%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">250,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">74,964 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">175,036 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">175,066 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">129,589 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">129,646 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom">INCREF Repurchase II</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">Feb 2029</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">Feb 2029</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">5.12%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">250,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">116,992 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">133,008 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">133,008 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">N/A</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">N/A</td></tr><tr><td colspan="9" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total secured financing facilities</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4,579,440 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,535,026 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,044,414 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,044,335 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,582,412 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,582,576 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Revolving Credit Facility(4)</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">6.57%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">162,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">146,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">16,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">16,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">55,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">55,000 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Assumes all available extension options are exercised.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(2)Represents the weighted average interest rate in effect as of March 31, 2026.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(3)Certain extension options for these facilities are subject to lender approval and compliance with certain financial and administrative covenants.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(4)Maturity date is aligned with the Company’s ability to call remaining outstanding capital committed under the Invesco Subscription Agreement, as further explained below.</div> 0.0594 300000000 144603000 155397000 155397000 155027000 155033000 0.0517 72840000 4840000 68000000 68000000 68000000 68000000 0.0533 750000000 69430000 680570000 680474000 713335000 713335000 0.0507 1000000000 417996000 582004000 582004000 590301000 590401000 0.0515 500000000 77106000 422894000 422894000 328897000 328897000 0.0516 1200000000 629095000 570905000 570892000 340663000 340664000 0.0500 256600000 0 256600000 256600000 256600000 256600000 0.0515 250000000 74964000 175036000 175066000 129589000 129646000 0.0512 250000000 116992000 133008000 133008000 4579440000 1535026000 3044414000 3044335000 2582412000 2582576000 0.0657 162000000 146000000 16000000 16000000 55000000 55000000 198700000 85000000.0 250000000.0 166300000 7 3500000000 189400000 192800000 123000000.0 255400000 700000000.0 1200000000 125000000.0 The following table summarizes our net exposure with those counterparties where the amount at risk exceeded 10.0% of equity as of March 31, 2026 and December 31, 2025.<div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:37.406%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.812%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.812%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.815%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Outstanding Principal</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Net Counterparty Exposure</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Life (Years)(1)</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">March 31, 2026</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Morgan Stanley Bank</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">680,570 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">176,662 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2.68</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Citibank</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">582,004 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">145,501 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">3.32</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Bank of Montreal</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">411,997 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">107,449 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">3.94</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Barclays</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">422,894 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">107,993 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">3.07</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Wells Fargo</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">570,905 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">156,122 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">3.15</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,668,370 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">693,727 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">3.17</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">December 31, 2025</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Morgan Stanley Bank</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">713,335 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">186,066 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">2.92</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Citibank</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">590,301 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">148,674 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">3.56</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Bank of Montreal</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">411,627 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">107,463 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom">4.18</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,715,263 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">442,203 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">3.45</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Assumes all extension options are exercised for borrowing facilities that may be extended at our option, subject to compliance with certain financial and administrative covenants.</div> 680570000 176662000 P2Y8M4D 582004000 145501000 P3Y3M25D 411997000 107449000 P3Y11M8D 422894000 107993000 P3Y25D 570905000 156122000 P3Y1M24D 2668370000 693727000 P3Y2M1D 713335000 186066000 P2Y11M1D 590301000 148674000 P3Y6M21D 411627000 107463000 P4Y2M4D 1715263000 442203000 P3Y5M12D <div style="margin-top:10pt;text-align:justify">The following table shows the aggregate amount of maturities of our outstanding borrowings over the next five years and thereafter as of March 31, 2026:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:40.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.930%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.400%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Secured Lending Agreements(1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Term Lending Agreements(1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Revolving Credit Facility(1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Year</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2026 (remaining)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">16,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">16,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">680,570 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">680,570 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">2029</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,137,906 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">128,369 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,266,275 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2030</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">431,636 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">95,028 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">526,664 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">2031</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">570,905 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">570,905 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Thereafter</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,821,017 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">223,397 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">16,000 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,060,414 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Assumes all extension options are exercised for borrowing facilities that may be extended at our option, subject to compliance with certain financial and administrative covenants.</div> 0 0 16000000 16000000 0 0 0 0 680570000 0 0 680570000 1137906000 128369000 0 1266275000 431636000 95028000 0 526664000 570905000 0 0 570905000 0 0 0 0 2821017000 223397000 16000000 3060414000 15 P3Y 360 30 Collateralized Loan Obligations<div style="margin-top:10pt;text-align:justify">The table below summarizes our collateralized loan obligations as of March 31, 2026: </div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:19.104%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.345%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.466%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.061%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Facility</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Collateral</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Term</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Interest Rate(1)</div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount Outstanding</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Count</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Principal Balance Outstanding</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom">INCREF 2025-FL1</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Oct 2042</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">5.63%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">998,234 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,004,858 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">29 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,180,591 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,187,520 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">998,234 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,004,858 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">29</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,180,591 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,187,520 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Represents the weighted average interest rate in effect as of March 31, 2026.</div><div style="margin-top:10pt;text-align:justify">In May 2025, the Company financed a pool of loans and loan participations from its existing loan portfolio through the CLO Issuer, contributing $1.2 billion of commercial real estate loan investments to the CLO Issuer and issuing $1.2 billion of notes. The Company retained $219.1 million of the notes issued by the CLO Issuer. The rated notes bear interest at Term SOFR plus a spread. The collateralized loan obligations execution provides the Company with match-term financing on a non-mark-to-market and non-recourse basis. The third-party notes were issued at a discount of $2.5 million, with the Company receiving $995.7 million in proceeds from the transaction. </div><div style="margin-top:10pt;text-align:justify">The CLO Issuer is a VIE primarily because the unrelated investors do not have substantive voting or participating rights. To assess whether the Company has the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, the Company considered, among other factors, its role in establishing the VIE and its ongoing rights and responsibilities. We determined that we are the primary beneficiary as (1) we have the power to direct activities of the VIE that most significantly impact the VIE’s economic performance, and (2) through our retained interests, we have the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. The Company considers its variable interests, as well as any variable interests of its related parties in making this determination. The majority of the operations of the VIE are funded with cash flows generated from the loans within the VIE. Assets held by the VIE can be used only to settle obligations of the VIE. The liabilities of the VIE are non-recourse to us and can only be satisfied from the assets of the VIE. We are not obligated to provide, have not provided, and do not intend to provide material financial support to the consolidated VIE.</div><div style="margin-top:10pt;text-align:justify">The consolidation of the CLO Issuer results in an increase in our gross assets, liabilities, revenues and expenses, however the impact to our equity and net income are equivalent to our net retained economic interests in the VIE. During the three months ended March 31, 2026, we recorded $14.7 million of interest expense related to the CLO Issuer. </div><div style="text-align:justify"> </div><div style="text-align:justify">The following table details the assets and liabilities of the CLO Issuer:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:80.744%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Assets:</td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Restricted cash</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">150 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Commercial real estate loan investments, at fair value</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,187,520 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Interest receivable</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,672 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Other assets</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">36,992 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total assets</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,228,334 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Liabilities:</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Collateralized loan obligations, at fair value</td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">1,004,858 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Interest payable</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,029 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total liabilities</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,006,887 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> <div style="margin-top:10pt;text-align:justify">The table below summarizes our collateralized loan obligations as of March 31, 2026: </div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:19.104%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.173%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.345%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.466%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.061%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Facility</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Collateral</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Term</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Interest Rate(1)</div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount Outstanding</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Count</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Principal Balance Outstanding</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom">INCREF 2025-FL1</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Oct 2042</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">5.63%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">998,234 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,004,858 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">29 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,180,591 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,187,520 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">998,234 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,004,858 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">29</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,180,591 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,187,520 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Represents the weighted average interest rate in effect as of March 31, 2026.</div> 0.0563 998234000 1004858000 29 1180591000 1187520000 998234000 1004858000 29 1180591000 1187520000 1200000000 1200000000 219100000 2500000 995700000 14700000 <div style="text-align:justify">The following table details the assets and liabilities of the CLO Issuer:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:80.744%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.056%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Assets:</td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Restricted cash</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">150 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Commercial real estate loan investments, at fair value</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,187,520 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Interest receivable</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,672 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Other assets</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">36,992 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total assets</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,228,334 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Liabilities:</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Collateralized loan obligations, at fair value</td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">1,004,858 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Interest payable</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,029 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total liabilities</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,006,887 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 150000 1187520000 3672000 36992000 1228334000 1004858000 2029000 1006887000 Derivatives and Hedging Activities<div style="margin-top:10pt">Currency Forward Contracts</div><div style="margin-top:10pt;text-align:justify">We enter into currency forward contracts to help mitigate the impact of changes in foreign currency exchange rates on our investments and financing transactions denominated in currencies other than the U.S. dollar. Despite being economic hedges, we have elected not to treat our foreign currency forwards as hedges for accounting purposes and, therefore, the realized and unrealized gains and losses associated with such instruments are included in gain (loss) on derivative instruments, net in our condensed consolidated statements of comprehensive income. Gain (loss) on foreign currency transactions, net reflects the net financial impact resulting from changes in exchange rates between the time we enter into foreign currency transactions and when they are settled.</div><div style="margin-top:10pt;text-align:justify">The following table illustrates the realized and unrealized foreign exchange impact recognized in the condensed consolidated statements of comprehensive income in the three months ended March 31, 2026 and 2025, of our loans and secured financing arrangements as well as the offsetting gain (loss) on derivative instruments in the periods:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:57.318%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.397%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.400%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2025</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Unrealized foreign exchange gain (loss) on loans</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(15,628)</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">10,824 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Unrealized foreign exchange gain (loss) on secured financing facilities</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9,899 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(8,669)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Gain (loss) on foreign currency transactions, net</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(466)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Gain (loss) on derivative instruments, net</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,259 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,180)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Net impact of hedged foreign exchange</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">64 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(16)</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:10pt;text-align:justify">The following tables summarize changes in the notional amount of our currency forward contracts during the three months ended March 31, 2026 and 2025:</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:21.447%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.859%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.859%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.863%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Local Currency</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">In thousands</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Notional Amount as of December 31, 2025</div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Additions</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Settlement, Termination, Expiration or Exercise</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Notional Amount as of March 31, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Notional Amount as of March 31, 2026</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Buy USD / Sell EUR Forward</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">49,889 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">14,404 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(14,491)</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">49,802 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">57,482 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Buy USD / Sell GBP Forward</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">50,631 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">169,424 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(129,467)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">90,588 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">122,163 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Buy EUR / Sell USD Forward</td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">14,491 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">(14,491)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Buy GBP / Sell USD Forward</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">130,049 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(129,467)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">582 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">785 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:21.447%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.859%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.859%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.863%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Local Currency</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">In thousands</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Notional Amount as of December 31, 2024</div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Additions</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Settlement, Termination, Expiration or Exercise</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Notional Amount as of March 31, 2025</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Notional Amount as of March 31, 2025</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Buy USD / Sell EUR Forward</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">39,474 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(877)</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">38,597 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">43,821 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Buy USD / Sell GBP Forward</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">19,417 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(506)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">18,911 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">24,978 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:10pt;text-align:justify">The table below presents the fair value of our currency forward contracts, as well as their classification on the condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:61.125%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.494%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.496%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value as of</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Derivative Assets</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,134 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">615 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Derivative Liabilities</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">838 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,992 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:10pt">The following tables summarize the effect of currency forward contracts reported in gain (loss) on derivative instruments, net on the condensed consolidated statements of comprehensive income for the three months ended March 31, 2026 and 2025:</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:55.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.809%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.398%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2026</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Derivatives not designated as hedging instruments</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Realized gain (loss) on derivative instruments, net</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Unrealized gain (loss), net</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Gain (loss) on derivative instruments, net</td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Currency Forward Contracts</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,586 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,673 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">6,259 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:55.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.809%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.398%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Derivatives not designated as hedging instruments</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Realized gain (loss) on derivative instruments, net</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Unrealized gain (loss), net</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Gain (loss) on derivative instruments, net</td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Currency Forward Contracts</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">117 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(2,297)</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(2,180)</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> <div style="margin-top:10pt;text-align:justify">The following table illustrates the realized and unrealized foreign exchange impact recognized in the condensed consolidated statements of comprehensive income in the three months ended March 31, 2026 and 2025, of our loans and secured financing arrangements as well as the offsetting gain (loss) on derivative instruments in the periods:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:57.318%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.397%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.400%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2025</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Unrealized foreign exchange gain (loss) on loans</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(15,628)</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">10,824 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Unrealized foreign exchange gain (loss) on secured financing facilities</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9,899 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(8,669)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Gain (loss) on foreign currency transactions, net</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(466)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Gain (loss) on derivative instruments, net</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,259 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,180)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Net impact of hedged foreign exchange</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">64 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(16)</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> -15628000 10824000 9899000 -8669000 -466000 9000 6259000 -2180000 64000 -16000 <div style="margin-top:10pt;text-align:justify">The following tables summarize changes in the notional amount of our currency forward contracts during the three months ended March 31, 2026 and 2025:</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:21.447%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.859%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.859%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.863%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Local Currency</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">In thousands</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Notional Amount as of December 31, 2025</div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Additions</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Settlement, Termination, Expiration or Exercise</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Notional Amount as of March 31, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Notional Amount as of March 31, 2026</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Buy USD / Sell EUR Forward</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">49,889 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">14,404 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(14,491)</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">49,802 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">57,482 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Buy USD / Sell GBP Forward</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">50,631 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">169,424 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(129,467)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">90,588 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">122,163 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Buy EUR / Sell USD Forward</td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">14,491 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">(14,491)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Buy GBP / Sell USD Forward</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">130,049 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(129,467)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">582 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">785 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:21.447%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.859%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.859%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.863%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Local Currency</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">In thousands</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Notional Amount as of December 31, 2024</div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Additions</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Settlement, Termination, Expiration or Exercise</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Notional Amount as of March 31, 2025</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Notional Amount as of March 31, 2025</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Buy USD / Sell EUR Forward</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">39,474 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(877)</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">€</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">38,597 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">43,821 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Buy USD / Sell GBP Forward</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">19,417 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(506)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">£</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">18,911 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">24,978 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 49889000 14404000 14491000 49802000 57482000 50631000 169424000 129467000 90588000 122163000 0 14491000 14491000 0 0 0 130049000 129467000 582000 785000 39474000 0 877000 38597000 43821000 19417000 0 506000 18911000 24978000 <div style="margin-top:10pt;text-align:justify">The table below presents the fair value of our currency forward contracts, as well as their classification on the condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:61.125%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.494%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.496%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value as of</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Derivative Assets</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,134 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">615 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Derivative Liabilities</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">838 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,992 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 3134000 615000 838000 1992000 <div style="margin-top:10pt">The following tables summarize the effect of currency forward contracts reported in gain (loss) on derivative instruments, net on the condensed consolidated statements of comprehensive income for the three months ended March 31, 2026 and 2025:</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:55.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.809%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.398%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2026</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Derivatives not designated as hedging instruments</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Realized gain (loss) on derivative instruments, net</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Unrealized gain (loss), net</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Gain (loss) on derivative instruments, net</td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Currency Forward Contracts</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,586 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,673 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">6,259 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:55.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.809%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.398%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Derivatives not designated as hedging instruments</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Realized gain (loss) on derivative instruments, net</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Unrealized gain (loss), net</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Gain (loss) on derivative instruments, net</td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Currency Forward Contracts</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">117 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(2,297)</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(2,180)</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 2586000 3673000 6259000 117000 -2297000 -2180000 Fair Value of Financial Instruments<div style="margin-top:10pt;text-align:justify">A three-level valuation hierarchy exists for disclosure of fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect our market assumptions. The three levels are defined as follows:</div><div style="margin-top:10pt;text-align:justify">Level 1 — quoted prices are available in active markets for identical investments as of the measurement date. We do not adjust the quoted price for these investments.</div><div style="margin-top:10pt;text-align:justify">Level 2 — quoted prices are available in markets that are not active or model inputs are based on inputs that are either directly or indirectly observable as of the measurement date.</div><div style="margin-top:10pt;text-align:justify">Level 3 — pricing inputs are unobservable and include instances where there is minimal, if any, market activity for the investment. These inputs require significant judgment or estimation by management or third parties when determining fair value and generally represent anything that does not meet the criteria of Levels 1 and 2. Due to the inherent uncertainty of these estimates, these values may differ materially from the values that would have been used had a ready market for these investments existed.</div><div style="margin-top:10pt;text-align:justify">Valuation of Financial Instruments Measured at Fair Value</div><div style="margin-top:10pt;text-align:justify">The following tables detail our financial instruments measured at fair value on a recurring basis:</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:50.730%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.052%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.052%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.052%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.859%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2026</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value Measurements Using:</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 1</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 2</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 3</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Total at Fair Value</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Assets:</td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Commercial real estate loan investments</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">5,200,218 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">5,200,218 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Real estate-related securities</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">17,222 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">17,222 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Derivative assets</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,134 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,134 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total assets</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">20,356 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,200,218 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,220,574 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Liabilities:</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Secured lending agreements</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,820,938 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,820,938 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Term lending agreements</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">223,397 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">223,397 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Revolving credit facility</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">16,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">16,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Collateralized loan obligations</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,004,858 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,004,858 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Derivative liabilities</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">838 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">838 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total liabilities</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,005,696 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,060,335 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4,066,031 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:50.730%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.052%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.052%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.052%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.859%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">As of December 31, 2025</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value Measurements Using:</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 1</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 2</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 3</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Total at Fair Value</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Assets:</td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Commercial real estate loan investments</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">4,702,728 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">4,702,728 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Real estate-related securities</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">14,818 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">14,818 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Derivative assets</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">615 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">615 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total assets</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">15,433 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4,702,728 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4,718,161 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Liabilities:</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Secured lending agreements</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,359,543 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,359,543 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Term lending agreements</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">223,033 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">223,033 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Revolving credit facility</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">55,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">55,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Collateralized loan obligations</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,005,157 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,005,157 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Derivative liabilities</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,992 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,992 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total liabilities</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,007,149 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,637,576 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,644,725 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:10pt;text-align:justify">Valuation of Commercial Real Estate Loan Investments</div><div style="margin-top:10pt;text-align:justify">The following table shows a reconciliation of the beginning and ending fair value measurements of our commercial real estate loan investments classified as Level 3:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:80.305%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.495%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2026</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Beginning Balance</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4,702,728 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Loan originations and fundings</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">595,601 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Loan principal payments</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(81,880)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Net unrealized gain (loss)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(602)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Foreign currency adjustments</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(15,629)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Ending Balance</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,200,218 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt;text-align:justify">The fair value of collateralized financing assets are measured using the more observable fair value of the collateralized liabilities. See Note 2 — “Summary of Significant Accounting Policies.” </div><div style="margin-top:10pt;text-align:justify">The following tables summarize the significant unobservable inputs supporting the fair value measurement of our investments in commercial loans:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:12.809%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.709%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.323%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.345%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.694%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Type</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Fair Value(2)</div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Valuation Technique</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Unobservable Input</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Rate(2)</div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Range</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Life (years)(1)(2)</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Commercial loans</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4,093,348 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Discounted cash flow</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Discount rate</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">6.23%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">5.15% - 11.32%</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">0.25</td></tr></table> </div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Based on expected cash flows and potential prepayments.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(2)Includes $4.0 billion of loans held outside of the CLO and $80.7 million of loans held by the consolidated CLO. Loans of $1.1 billion held by the CLO are valued using the more observable fair value of the notes issued by the CLO. However, because the Company’s $80.7 million of retained income notes issued by the CLO are valued using a discounted cash flow model, we are required to classify all loans held by the CLO as Level 3 based on the lowest-level input used in the valuation. Weighted average rate and weighted average life include the Company’s loans held outside the CLO and retained income notes issued by the CLO. </div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:12.809%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.416%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.469%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.345%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.963%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Type</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Fair Value(2)</div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Valuation Technique</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Unobservable Input</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Rate(2)</div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Range</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Life (years)(1)(2)</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Commercial loans</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,558,722 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Discounted cash flow</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Discount rate</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">6.36%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">5.14% - 11.44%</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">0.31</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Based on expected cash flows and potential prepayments.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(2)Includes $3.5 billion of loans held outside of the CLO and $80.7 million of loans held by the consolidated CLO. Loans of $1.1 billion held by the CLO are valued using the more observable fair value of the notes issued by the CLO. However, because the Company’s $80.7 million of retained income notes issued by the CLO are valued using a discounted cash flow model, we are required to classify all loans held by the CLO as Level 3 based on the lowest-level input used in the valuation. Weighted average rate and weighted average life include the Company’s loans held outside the CLO and retained income notes issued by the CLO. </div><div style="margin-top:10pt;text-align:justify">The discount rate above is subject to change based on changes in economic and market conditions, in addition to changes in the underlying economics of the arrangement, such as changes in the underlying property valuation and debt service. These rates are also based on the location, type and nature of each underlying property and related industry publications. Changes in discount rates result in increases or decreases in the fair values of these investments. The discount rate encompasses, among other things, uncertainties in the valuation models with respect to the amount and timing of cash flows. It is not possible for us to predict the effect of future economic or market conditions based on our estimated fair values.</div><div style="margin-top:10pt">Valuation of Revolving Credit Facility</div><div style="margin-top:10pt;text-align:justify">Given the uncertainty of future cash flows and our ability to prepay without penalty, we determined the fair value of our revolving credit facility to approximate par.</div><div style="margin-top:10pt">The following table shows a reconciliation of the beginning and ending fair value measurements of our revolving credit facility:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:79.134%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.666%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2026</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Beginning Balance</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">55,000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Proceeds from revolving credit facility</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">220,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Repayment of revolving credit facility</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(259,000)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Net unrealized (gain) loss</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Ending Balance</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">16,000 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt;text-align:justify">Valuation of Secured Financing Facilities</div><div style="margin-top:10pt;text-align:justify">We have entered into secured financing facilities to provide floating rate financing for our commercial real estate loan investments. Our secured financing facilities are carried at fair value based on significant unobservable inputs and are classified as Level 3. The following table shows a reconciliation of the beginning and ending fair value measurements of our secured financing facilities:</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:47.509%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.615%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.151%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.155%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2026</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Secured Lending Agreements</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Term Lending Agreements</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Beginning Balance</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,359,543 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">223,033 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,582,576 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Proceeds from secured financing facilities</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">506,127 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">370 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">506,497 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Repayments of secured financing facilities</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(34,596)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(34,596)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Net unrealized (gain) loss</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(237)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(6)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(243)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Unrealized foreign currency (gain) loss</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,899)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,899)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Ending Balance</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,820,938 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">223,397 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,044,335 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:10pt;text-align:justify">The following tables summarize the significant unobservable inputs used in the fair value measurement of our secured financing facilities:</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:16.908%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.737%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.151%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.005%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.369%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.305%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Type</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Valuation Technique</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Unobservable Input</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Weighted Average Rate</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Range</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Life (years)(1)</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Secured financing facilities</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Discounted cash flow</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Discount rate</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">5.18%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">4.13% - 5.92%</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">0.22</td></tr></table></div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:16.908%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.737%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.151%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.005%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.369%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.305%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Type</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Valuation Technique</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Unobservable Input</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Weighted Average Rate</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Range</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Life (years)(1)</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Secured financing facilities</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Discounted cash flow</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Discount rate</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">5.29%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">4.12% - 6.04%</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">0.28</td></tr></table> </div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Based on expected cash flows and potential prepayments.</div><div style="margin-top:10pt;text-align:justify">The discount rate above is subject to change based on changes in economic and market conditions, in addition to changes in the underlying economics of the pledged commercial real estate loan, such as changes in the loan-to-value ratio, credit profile and debt service. These rates are also based on the location, type and nature of each pledged property underlying the commercial real estate loan and related industry publications. Changes in discount rates result in increases or decreases in the fair values of these investments. The discount rate encompasses, among other things, uncertainties in the valuation models with respect to the amount and timing of cash flows. It is not possible for us to predict the effect of future economic or market conditions based on our estimated fair values.</div> <div style="margin-top:10pt;text-align:justify">The following tables detail our financial instruments measured at fair value on a recurring basis:</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:50.730%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.052%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.052%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.052%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.859%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2026</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value Measurements Using:</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 1</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 2</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 3</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Total at Fair Value</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Assets:</td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Commercial real estate loan investments</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">5,200,218 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">5,200,218 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Real estate-related securities</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">17,222 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">17,222 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Derivative assets</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,134 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,134 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total assets</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">20,356 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,200,218 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,220,574 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Liabilities:</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Secured lending agreements</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,820,938 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,820,938 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Term lending agreements</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">223,397 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">223,397 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Revolving credit facility</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">16,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">16,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Collateralized loan obligations</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,004,858 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,004,858 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Derivative liabilities</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">838 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">838 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total liabilities</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,005,696 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,060,335 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4,066,031 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:50.730%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.052%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.052%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.052%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.859%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">As of December 31, 2025</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Fair Value Measurements Using:</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 1</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 2</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 3</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Total at Fair Value</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Assets:</td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Commercial real estate loan investments</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">4,702,728 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">4,702,728 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Real estate-related securities</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">14,818 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">14,818 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Derivative assets</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">615 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">615 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total assets</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">15,433 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4,702,728 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4,718,161 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Liabilities:</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Secured lending agreements</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,359,543 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,359,543 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Term lending agreements</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">223,033 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">223,033 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Revolving credit facility</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">55,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">55,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Collateralized loan obligations</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,005,157 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,005,157 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Derivative liabilities</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,992 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,992 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total liabilities</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,007,149 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,637,576 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,644,725 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 0 0 5200218000 5200218000 0 17222000 0 17222000 0 3134000 0 3134000 0 20356000 5200218000 5220574000 0 0 2820938000 2820938000 0 0 223397000 223397000 0 0 16000000 16000000 0 1004858000 0 1004858000 0 838000 0 838000 0 1005696000 3060335000 4066031000 0 0 4702728000 4702728000 0 14818000 0 14818000 0 615000 0 615000 0 15433000 4702728000 4718161000 0 0 2359543000 2359543000 0 0 223033000 223033000 0 0 55000000 55000000 0 1005157000 0 1005157000 0 1992000 0 1992000 0 1007149000 2637576000 3644725000 <div style="margin-top:10pt;text-align:justify">The following table shows a reconciliation of the beginning and ending fair value measurements of our commercial real estate loan investments classified as Level 3:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:80.305%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.495%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2026</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Beginning Balance</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4,702,728 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Loan originations and fundings</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">595,601 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Loan principal payments</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(81,880)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Net unrealized gain (loss)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(602)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Foreign currency adjustments</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(15,629)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Ending Balance</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,200,218 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 4702728000 595601000 81880000 -602000 -15629000 5200218000 <div style="margin-top:10pt;text-align:justify">The following tables summarize the significant unobservable inputs supporting the fair value measurement of our investments in commercial loans:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:12.809%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.709%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.323%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.345%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.694%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Type</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Fair Value(2)</div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Valuation Technique</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Unobservable Input</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Rate(2)</div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Range</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Life (years)(1)(2)</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Commercial loans</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4,093,348 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Discounted cash flow</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Discount rate</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">6.23%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">5.15% - 11.32%</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">0.25</td></tr></table> </div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Based on expected cash flows and potential prepayments.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(2)Includes $4.0 billion of loans held outside of the CLO and $80.7 million of loans held by the consolidated CLO. Loans of $1.1 billion held by the CLO are valued using the more observable fair value of the notes issued by the CLO. However, because the Company’s $80.7 million of retained income notes issued by the CLO are valued using a discounted cash flow model, we are required to classify all loans held by the CLO as Level 3 based on the lowest-level input used in the valuation. Weighted average rate and weighted average life include the Company’s loans held outside the CLO and retained income notes issued by the CLO. </div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:12.809%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.416%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.469%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.345%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.963%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Type</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Fair Value(2)</div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Valuation Technique</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Unobservable Input</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Rate(2)</div></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Range</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Life (years)(1)(2)</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Commercial loans</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,558,722 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Discounted cash flow</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Discount rate</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">6.36%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">5.14% - 11.44%</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">0.31</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Based on expected cash flows and potential prepayments.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(2)Includes $3.5 billion of loans held outside of the CLO and $80.7 million of loans held by the consolidated CLO. Loans of $1.1 billion held by the CLO are valued using the more observable fair value of the notes issued by the CLO. However, because the Company’s $80.7 million of retained income notes issued by the CLO are valued using a discounted cash flow model, we are required to classify all loans held by the CLO as Level 3 based on the lowest-level input used in the valuation. Weighted average rate and weighted average life include the Company’s loans held outside the CLO and retained income notes issued by the CLO. </div><div style="margin-top:10pt;text-align:justify">The following tables summarize the significant unobservable inputs used in the fair value measurement of our secured financing facilities:</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:16.908%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.737%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.151%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.005%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.369%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.305%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Type</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Valuation Technique</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Unobservable Input</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Weighted Average Rate</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Range</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Life (years)(1)</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Secured financing facilities</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Discounted cash flow</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Discount rate</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">5.18%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">4.13% - 5.92%</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">0.22</td></tr></table></div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:16.908%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.737%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.151%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.005%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.369%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.305%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Type</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Valuation Technique</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Unobservable Input</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Weighted Average Rate</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Range</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average Life (years)(1)</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Secured financing facilities</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Discounted cash flow</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Discount rate</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">5.29%</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">4.12% - 6.04%</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">0.28</td></tr></table> </div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Based on expected cash flows and potential prepayments.</div> 4093348000 0.0623 0.0515 0.1132 0.25 4000000000.0 80700000 1100000000 80700000 3558722000 0.0636 0.0514 0.1144 0.31 3500000000 80700000 1100000000 80700000 <div style="margin-top:10pt">The following table shows a reconciliation of the beginning and ending fair value measurements of our revolving credit facility:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:79.134%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.666%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2026</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Beginning Balance</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">55,000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Proceeds from revolving credit facility</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">220,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Repayment of revolving credit facility</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(259,000)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Net unrealized (gain) loss</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Ending Balance</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">16,000 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:47.509%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.615%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.151%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.155%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2026</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Secured Lending Agreements</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Term Lending Agreements</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Beginning Balance</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,359,543 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">223,033 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,582,576 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Proceeds from secured financing facilities</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">506,127 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">370 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">506,497 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Repayments of secured financing facilities</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(34,596)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(34,596)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Net unrealized (gain) loss</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(237)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(6)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(243)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Unrealized foreign currency (gain) loss</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,899)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,899)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Ending Balance</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2,820,938 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">223,397 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,044,335 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 55000000 220000000 259000000 0 16000000 2359543000 223033000 2582576000 506127000 370000 506497000 34596000 0 34596000 237000 6000 243000 9899000 0 9899000 2820938000 223397000 3044335000 0.0518 0.0413 0.0592 0.22 0.0529 0.0412 0.0604 0.28 Accounts Payable, Accrued Expenses and Other Liabilities<div style="margin-top:10pt;text-align:justify">The following table details the components of accounts payable, accrued expenses and other liabilities as of March 31, 2026 and December 31, 2025:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:55.854%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.678%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.690%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.693%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Accounts payable and accrued expenses</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,098 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,828 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.02pt">Subscriptions paid in advance (1)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">32,095 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">27,886 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Accrued common stock repurchases</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,244 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">905 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Other liabilities</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,953 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">907 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">45,390 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">31,526 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table> </div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Represents subscriptions received by our transfer agent prior to the date the subscriptions are effective.</div> <div style="margin-top:10pt;text-align:justify">The following table details the components of accounts payable, accrued expenses and other liabilities as of March 31, 2026 and December 31, 2025:</div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:55.854%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.678%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.690%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.693%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Accounts payable and accrued expenses</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,098 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,828 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.02pt">Subscriptions paid in advance (1)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">32,095 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">27,886 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Accrued common stock repurchases</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,244 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">905 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Other liabilities</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,953 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">907 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">45,390 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">31,526 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table> 5098000 1828000 32095000 27886000 6244000 905000 1953000 907000 45390000 31526000 Related Party Transactions<div style="margin-top:10pt;text-align:justify">Due to Affiliates</div><div style="margin-top:10pt;text-align:justify">The following table details the components of due to affiliates as of March 31, 2026 and December 31, 2025:</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:61.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.348%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.349%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Advanced organizational, offering and operating expenses</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">10,034 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">10,870 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Reimbursable operating expenses</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,543 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,845 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Adviser commitment fee payable</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,463 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,019 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Stockholder servicing fees</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">24,701 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">22,723 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Management fees</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,218 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,990 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Performance fees</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,586 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,814 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Total</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">42,545 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">47,261 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt;text-align:justify">Advanced Organizational, Offering and Operating Expenses</div><div style="margin-top:10pt;text-align:justify">Under the terms of our Amended and Restated Advisory Agreement (“Advisory Agreement”), the Adviser advanced all of our organizational, offering and operating expenses (other than upfront selling commissions and ongoing stockholder servicing fees) incurred through May 31, 2024. Starting in December 2024, we began reimbursing the Adviser for these costs ratably over 52 months. As of March 31, 2026, we owe the Adviser approximately $10.0 million (December 31, 2025: $10.9 million) for the remaining outstanding balance of the expenses advanced by the Adviser under this arrangement. </div><div style="margin-top:10pt;text-align:justify">Reimbursable Operating Expenses</div><div style="margin-top:10pt;text-align:justify">Operating expenses incurred by the Adviser on our behalf after May 31, 2024 are reimbursed quarterly to the Adviser, and the balance outstanding as of March 31, 2026 and December 31, 2025 is listed in the above table as “Reimbursable operating expenses.” </div><div style="margin-top:10pt;text-align:justify">Starting with the quarter ended June 30, 2025, we may not reimburse the Adviser at the end of any fiscal quarter for Total Operating Expenses (as defined in the Advisory Agreement) that exceed the greater of 2% of average invested assets or 25% of net income determined without reduction for any non-cash reserves and excluding any gain from the sale of our assets for that period (the “2%/25% Guidelines”) for the four consecutive fiscal quarters then ended. We may reimburse the Adviser for operating expenses in excess of the 2%/25% Guidelines if a majority of our independent directors determines that such excess expenses are justified based on unusual and non-recurring factors. Operating expenses for the four consecutive fiscal quarters ended March 31, 2026 did not exceed the 2%/25% Guidelines.</div><div style="margin-top:10pt;text-align:justify">Adviser Commitment Fee Payable</div><div style="margin-top:10pt;text-align:justify">Borrowers pay a commitment fee in connection with the origination of each new loan. The commitment fee is calculated as a percentage of the whole loan on a fully-funded basis, as determined by the Adviser at the time of origination. We pay the Adviser 50% (not to exceed 0.5% of the whole loan on a fully funded basis) of any commitment fee charged to borrowers in connection with each new loan as compensation for sourcing, structuring and negotiating the loan. The Adviser elected to irrevocably waive half of the commitment fees payable to the Adviser in connection with each new loan originated during the period commencing January 1, 2026 through December 31, 2026. The commitment fee income and related expense to the Adviser is reported as commitment fee income, net of related party expense on the condensed consolidated statements of comprehensive income. </div><div style="margin-top:10pt;text-align:justify">Stockholder Servicing Fees and Other Selling Commissions</div><div style="margin-top:10pt;text-align:justify">Invesco Distributors, Inc. (the “Dealer Manager”) is entitled to receive upfront selling commissions and stockholder servicing fees for Class S, Class S-1, Class D and Class D-1 shares sold in the Continuous Offering. The Dealer Manager reallows (pays) all or a portion of the stockholder servicing fees to participating broker-dealers and servicing broker-dealers for ongoing stockholder services performed by such broker-dealers and will waive stockholder servicing fees to the extent a broker-dealer is not eligible to receive it for failure to provide such service. </div><div style="margin-top:10pt;text-align:justify">We accrue the full amount of stockholder servicing fees payable as an offering cost at the time each Class S, Class S-1, Class D and Class D-1 share is sold during the Continuous Offering. </div><div style="margin-top:10pt;text-align:justify">The following table summarizes stockholder servicing fees paid for the three months ended March 31, 2026 and 2025: </div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:55.561%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.295%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.295%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.295%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.299%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">Class S Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class S-1 Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">Class D Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class D-1 Shares</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">For the three months ended March 31, 2026</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">13 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">1,099 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">1 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">For the three months ended March 31, 2025</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">435 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt;text-align:justify">The following table summarizes the upfront selling commissions for each class of shares payable at the time of subscription and the stockholder servicing fee we pay the Dealer Manager on an annualized basis as a percentage of the NAV for such class:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:18.519%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.891%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">Class S Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class S-1 Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">Class D Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">Class D -1 Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">Class I Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">Class E Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">Class F Shares</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Maximum Upfront Selling Commissions (% of Transaction Price)</td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center">up to 3.5%</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center">up to 3.5%</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center">up to 1.5%</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center">up to 1.5%</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top">—</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top">—</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Stockholder Servicing Fee (% of NAV)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">0.85%</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">0.85%</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">0.25%</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">0.25%</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">—</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">—</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">—</td></tr></table></div><div style="margin-top:10pt;text-align:justify">We will cease paying the stockholder servicing fee with respect to any Class S or Class D share held in a stockholder’s account at the end of the month in which the Dealer Manager, in conjunction with the transfer agent, determines that total upfront selling commissions and stockholder servicing fees paid with respect to the shares held by the stockholder within such account would exceed, in the aggregate, 8.75% of the gross proceeds (7.75% for clients of certain participating broker dealers) from the sale of such shares (including the gross proceeds of any shares issued under our distribution reinvestment plan upon the reinvestment of distributions paid with respect thereto or with respect to any shares issued under our distribution reinvestment plan). At the end of such month, such Class S or Class D share will convert into a number of Class I shares (including any fractional shares), with an equivalent aggregate NAV as such share. Such servicing fee limit does not apply to Class S-1 and Class D-1 shares.</div><div style="margin-top:10pt;text-align:justify">Management Fee and Performance Fee </div><div style="margin-top:10pt;text-align:justify">Under the terms of our Advisory Agreement, we pay the Adviser a management fee equal to 1.0% per annum of NAV, calculated monthly before giving effect to any accruals for the management fee, stockholder servicing fees, performance fees or any distributions, with respect to our Class S, Class S-1, Class D, Class D-1 and Class I shares. We also pay the Adviser a performance fee equal to 10% of our “Performance Fee Income” with respect to our Class S, Class S-1, Class D, Class D-1 and Class I shares. </div><div style="margin-top:10pt;text-align:justify">We do not pay the Adviser a management fee with respect to our Class F shares. We will pay the Adviser a performance fee with respect to the Class F shares. The Class F performance fee payable with respect to each calendar year will be an amount equal to 10% of the excess of Performance Fee Income allocable to Class F shares over a 6% annualized return on the Class F NAV per share. No performance fee is payable if the Performance Fee Income allocable to Class F is below the annualized 6% return in any calendar year or for a rolling two-year period. </div><div style="margin-top:10pt;text-align:justify">We do not pay the Adviser a management or performance fee with respect to our Class E shares. </div><div style="margin-top:10pt;text-align:justify">Performance Fee Income with respect to each class of common shares subject to a performance fee means the net income (determined in accordance with GAAP) allocable to such class of common shares subject to adjustment as defined under the terms of our Advisory Agreement. During the period that the Adviser advanced our organizational, offering and operating expenses, net income for purposes of the performance fee calculation excluded these advanced expenses. After the period that the Adviser advanced our organizational, offering and operating expenses, net income for purposes of the performance fee calculation includes previously advanced expenses that are to be repaid to the Adviser during the period. We will not pay the Adviser a performance fee with respect to any class of shares that has a negative total return per share for the calendar year, and the Advisory Agreement does not prohibit the Adviser from entering into economic or other arrangements with other persons. For purposes of the performance fee calculation, total return per share is defined as an amount equal to: (i) the cumulative distributions per share accrued with respect to such class of common shares since the beginning of the calendar year plus (ii) the change in NAV per share of such class of common shares since the beginning of the calendar year, prior to giving effect to (y) any accrual for performance fees with respect to such class of common shares or (z) any applicable stockholder servicing fees. </div><div style="margin-top:10pt;text-align:justify">The management fee and the performance fee are payable in cash or Class E shares at the option of the Adviser. Management fees and performance fees began to accrue on March 1, 2024. Management fees are accrued monthly and paid quarterly in arrears and performance fees are paid annually. During the three months ended March 31, 2026, we incurred management fees of $2.2 million, of which $2.2 million is accrued as a component of due to affiliates on our condensed consolidated balance sheets as of March 31, 2026. During the three months ended March 31, 2026, we incurred performance fees of $1.6 million, of which $1.6 million is accrued as a component of due to affiliates on our condensed consolidated balance sheets as of March 31, 2026. During the three months ended March 31, 2026, we issued 77,219 Class E Redeemable Common Stock shares as payment for the management fees earned. During the three months ended March 31, 2026, we issued 186,805 Class E Redeemable Common Stock shares as payment for the performance fees earned. The shares issued to the Adviser for payment of the management fee and performance fee were issued at the applicable NAV per share at the end of each quarter for which the fees were earned. </div><div style="margin-top:10pt;text-align:justify">The current term of our Advisory Agreement expires on March 31, 2027. The Advisory Agreement is subject to automatic renewals for successive one-year periods unless otherwise terminated in accordance with the provisions of the agreement. If the Advisory Agreement is terminated, the Adviser will be entitled to receive its prorated management fee and performance fee owed through the date of termination. If we elect not to renew our Advisory Agreement based on unsatisfactory performance and not for cause, we owe our Adviser a termination fee equal to three times the sum of our average annual management fee during the 24-month period before termination, calculated as of the end of the most recently completed fiscal quarter. </div><div style="margin-top:10pt;text-align:justify">Our Adviser is subject to the supervision and oversight of our board of directors and has only such functions and authority as we delegate to it. The Adviser and its affiliates provide us with our management team, including our officers and appropriate support personnel. Each of our officers is an employee of the Adviser or one of its affiliates. We do not have any employees. We incurred $0.7 million of costs for support personnel provided by the Adviser for the three months ended March 31, 2026 that are recorded as a component of due to affiliates on our condensed consolidated balance sheets and as general and administrative expenses on our condensed consolidated statements of comprehensive income. During the three months ended March 31, 2025, we incurred $0.6 million of costs for support personnel provided by the Adviser.</div><div style="margin-top:10pt;text-align:justify">The Adviser serves as Collateral Manager to the Company’s consolidated CLO and has waived any and all fees payable to the Adviser or any of its affiliates for this service for so long as it or any of its affiliates acts as the Collateral Manager and as manager of the Operating Partnership. </div><div style="margin-top:10pt;text-align:justify">Related Party Share Ownership</div><div style="margin-top:10pt;text-align:justify">The tables below summarize the number of shares and the total purchase price of the shares owned by affiliates as of March 31, 2026 and December 31, 2025:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:25.986%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.245%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.546%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="45" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands, except share amounts</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class F Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Purchase Price</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Invesco Realty, Inc.(1)</div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,196,923 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,197,628 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,194,434 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,189,256 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">120,000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Invesco Advisers, Inc.(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">423,807 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,851 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Members of our board of directors (3)</div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">26,474 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">683 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Total</td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,196,923 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,197,628 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,194,434 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,639,537 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">131,534 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:25.986%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.245%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.546%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="45" style="padding:2px 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands, except share amounts</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class F Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Purchase Price</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Invesco Realty, Inc.(1)</div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,196,923 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,197,628 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,194,434 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,189,255 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">120,000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Invesco Advisers, Inc.(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">270,269 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,895 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Members of our board of directors (3)</div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">26,248 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">675 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Total</td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,196,923 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,197,628 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,194,434 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,485,772 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">127,570 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Shares issued to Invesco Realty, Inc. are governed by the terms of the Invesco Subscription Agreement and classified as redeemable common shares on our condensed consolidated balance sheets. See Note 11 — “Redeemable Common Stock - Related Party” for further information.</div><div style="padding-left:18pt;text-indent:-18pt">(2)Shares issued to Invesco Advisers, Inc. are governed by the terms of our Advisory Agreement and classified as redeemable common shares on our condensed consolidated balance sheets. See Note 11 — “Redeemable Common Stock - Related Party” for further information. </div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(3)Represents shares issued to members of our board of directors, including stock awards under our share-based compensation plan. Total Purchase Price for stock awards issued under our share-based compensation plan represents the value of shares issued as equity compensation.</div> <div style="margin-top:10pt;text-align:justify">The following table details the components of due to affiliates as of March 31, 2026 and December 31, 2025:</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:61.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.348%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.349%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Advanced organizational, offering and operating expenses</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">10,034 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">10,870 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Reimbursable operating expenses</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,543 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,845 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Adviser commitment fee payable</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,463 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,019 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Stockholder servicing fees</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">24,701 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">22,723 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Management fees</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,218 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,990 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Performance fees</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,586 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,814 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Total</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">42,545 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">47,261 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt;text-align:justify">The following table summarizes stockholder servicing fees paid for the three months ended March 31, 2026 and 2025: </div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:55.561%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.295%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.295%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.295%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.299%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">Class S Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class S-1 Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">Class D Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class D-1 Shares</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">For the three months ended March 31, 2026</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">13 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">1,099 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">1 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">For the three months ended March 31, 2025</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">435 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt;text-align:justify">The following table summarizes the upfront selling commissions for each class of shares payable at the time of subscription and the stockholder servicing fee we pay the Dealer Manager on an annualized basis as a percentage of the NAV for such class:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:18.519%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.891%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">Class S Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class S-1 Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">Class D Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">Class D -1 Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">Class I Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">Class E Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">Class F Shares</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Maximum Upfront Selling Commissions (% of Transaction Price)</td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center">up to 3.5%</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center">up to 3.5%</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center">up to 1.5%</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center">up to 1.5%</div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top">—</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top">—</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Stockholder Servicing Fee (% of NAV)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">0.85%</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">0.85%</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">0.25%</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">0.25%</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">—</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">—</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">—</td></tr></table></div><div style="margin-top:10pt;text-align:justify">The tables below summarize the number of shares and the total purchase price of the shares owned by affiliates as of March 31, 2026 and December 31, 2025:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:25.986%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.245%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.546%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="45" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2026</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands, except share amounts</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class F Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Purchase Price</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Invesco Realty, Inc.(1)</div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,196,923 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,197,628 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,194,434 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,189,256 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">120,000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Invesco Advisers, Inc.(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">423,807 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,851 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Members of our board of directors (3)</div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">26,474 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">683 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Total</td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,196,923 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,197,628 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,194,434 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,639,537 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">131,534 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:25.986%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.245%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.546%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="45" style="padding:2px 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands, except share amounts</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class F Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Purchase Price</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Invesco Realty, Inc.(1)</div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,196,923 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,197,628 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,194,434 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,189,255 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">120,000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Invesco Advisers, Inc.(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">270,269 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,895 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Members of our board of directors (3)</div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">26,248 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">675 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Total</td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,196,923 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,197,628 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,194,434 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,485,772 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">127,570 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Shares issued to Invesco Realty, Inc. are governed by the terms of the Invesco Subscription Agreement and classified as redeemable common shares on our condensed consolidated balance sheets. See Note 11 — “Redeemable Common Stock - Related Party” for further information.</div><div style="padding-left:18pt;text-indent:-18pt">(2)Shares issued to Invesco Advisers, Inc. are governed by the terms of our Advisory Agreement and classified as redeemable common shares on our condensed consolidated balance sheets. See Note 11 — “Redeemable Common Stock - Related Party” for further information. </div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(3)Represents shares issued to members of our board of directors, including stock awards under our share-based compensation plan. Total Purchase Price for stock awards issued under our share-based compensation plan represents the value of shares issued as equity compensation.</div> 10034000 10870000 2543000 2845000 1463000 4019000 24701000 22723000 2218000 1990000 1586000 4814000 42545000 47261000 P52M 10000000.0 10900000 0.02 0.25 0.02 0.25 4 0.02 0.25 0.02 0.25 0.50 0.005 13000 1099000 0 1000 0 435000 0 0 0.035 0.035 0.015 0.015 0 0 0 0.0085 0.0085 0.0025 0.0025 0 0 0 0.0875 0.0775 0.010 0.10 0.10 0.06 0.06 P2Y 2200000 2200000 1600000 1600000 77219 186805 P1Y 3 P24M 700000 600000 1196923 0 1197628 0 1194434 1189256 0 120000000 0 0 0 0 0 423807 0 10851000 0 0 0 0 0 26474 0 683000 1196923 0 1197628 0 1194434 1639537 0 131534000 1196923 0 1197628 0 1194434 1189255 0 120000000 0 0 0 0 0 270269 0 6895000 0 0 0 0 0 26248 0 675000 1196923 0 1197628 0 1194434 1485772 0 127570000 Redeemable Common Stock - Related Party<div style="margin-top:10pt;text-align:justify">Invesco Realty, Inc. (“Invesco Realty”), an affiliate of Invesco, has committed to purchase up to $300.0 million in shares of our common stock (the “Invesco Subscription Agreement”). Invesco Realty has committed to purchase $150.0 million in capital under the Invesco Subscription Agreement in one or more closings through March 23, 2028. We may also call up to $150.0 million in additional capital (for a total of $300.0 million) if needed to avoid triggering any concentration limit imposed by a third party in connection with its distribution or placement of our shares or for purposes of repaying indebtedness drawn on the revolving credit facility. As of March 31, 2026, we had called $120.0 million of the total $300.0 million. The remaining uncalled amount serves as collateral for the revolving credit facility. </div><div style="margin-top:10pt;text-align:justify">Invesco Realty may not submit its shares for repurchase under the share repurchase plan described in Note 12 — “Equity” until the earlier of March 23, 2028 and the date that our aggregate NAV is at least $1.5 billion. We can only accept a repurchase request from Invesco Realty after all requests from unaffiliated stockholders have been fulfilled. We may elect to repurchase all or any portion of the shares acquired by Invesco Realty at any time at a per share price equal to the most recently determined NAV per share for each class (or another transaction price we believe reflects the NAV per share more appropriately than the prior month’s NAV per share). The Adviser or its affiliate must continue to hold at least $200,000 in shares for so long as Invesco or any affiliate thereof serves as our external adviser. </div><div style="margin-top:10pt;text-align:justify">As discussed in Note 10 — “Related Party Transactions”, our management and performance fees are payable in cash or Class E shares at the option of the Adviser. Because the Adviser may elect to have the Company repurchase shares issued as payment for management fees or performance fees, we classify these shares as redeemable common stock. Class E shares issued to the Adviser as payment for management or performance fees are not subject to the repurchase limits of the Company’s share repurchase plan described in Note 12 — “Equity,” any lockup period applicable to the Adviser, or any reduction penalty for an early repurchase. The Adviser also has the option to exchange Class E shares issued as payment for management or performance fees for Class S, Class S-1, Class D, Class D-1, Class F, or Class I shares. During the three months ended March 31, 2026, we issued 77,219 and 186,805 Class E shares to the Adviser as payment for management fees and performance fees payable as of December 31, 2025, respectively.</div><div style="margin-top:10pt;text-align:justify">The following tables summarize the changes in redeemable common stock for the three months ended March 31, 2026 and 2025:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.777%"><tr><td style="width:1.0%"></td><td style="width:32.477%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.367%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Redeemable Common Stock</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Redeemable Common Stock</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Redeemable Common Stock</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Redeemable Common Stock</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Total Redeemable Common Stock</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Balance as of December 31, 2025</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,027 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,027 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,023 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">37,614 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">127,691 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Issuance of redeemable common stock</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,804 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,804 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Repurchase of redeemable common stock</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,848)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,848)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Adjustment to carrying value of redeemable common stock</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">100 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">100 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2026</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,027 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,027 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,023 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">41,670 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">131,747 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.777%"><tr><td style="width:1.0%"></td><td style="width:32.477%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.367%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Total Redeemable Common Stock</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Balance as of December 31, 2024</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">37,554 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">37,554 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">37,565 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">38,694 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">151,367 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Issuance of redeemable common stock</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,814 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,814 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Repurchase of redeemable common stock</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(7,500)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(7,500)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(7,500)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(7,500)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(30,000)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Adjustment to carrying value of redeemable common stock</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(5)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">170 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">160 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2025</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,050 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,049 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,064 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">34,178 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">124,341 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt;text-align:justify">The following tables summarize the changes in our outstanding shares of redeemable common stock shares for the three months ended March 31, 2026 and 2025:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.631%"><tr><td style="width:1.0%"></td><td style="width:34.142%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.386%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Total Redeemable Common Stock</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Outstanding Shares as of December 31, 2025</td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,196,923 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,197,628 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,194,434 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,459,524 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,048,509 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Issuance of redeemable common stock </td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">264,024 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">264,024 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Repurchase of redeemable common stock</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(110,485)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(110,485)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Outstanding Shares as of March 31, 2026</td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,196,923 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,197,628 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,194,434 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,613,063 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,202,048 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.631%"><tr><td style="width:1.0%"></td><td style="width:34.142%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.386%"></td><td style="width:0.1%"></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Redeemable Common Stock</td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Outstanding Shares as of December 31, 2024</td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,496,143 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,497,041 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,492,906 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,519,133 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,005,223 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Issuance of redeemable common stock</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">110,485 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">110,485 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Repurchase of redeemable common stock</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(299,220)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(299,413)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(298,472)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(293,940)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,191,045)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Outstanding Shares as of March 31, 2025</td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,196,923 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,197,628 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,194,434 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,335,678 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,924,663 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div>Equity<div style="margin-top:10pt">Stapled Unit Offerings of Preferred and Common Stock</div><div style="margin-top:10pt;text-align:justify">On January 31, 2025, we redeemed all 111 Stapled Units and 117 New Stapled Units issued and outstanding. Each Stapled Unit consists of one share of 12.5% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”), one Class S Share, one Class D Share and one Class I Share. Each New Stapled Unit consists of one share of Series A Preferred Stock and one Class S-1 Share. The cash redemption price for each share of stapled common stock was the NAV per share for the applicable share class as of December 31, 2024. Through the redemption of all Stapled Units and New Stapled Units, we redeemed all 228 issued and outstanding shares of our Series A Preferred Stock for approximately $232,000, plus accrued and unpaid dividends. The cash redemption price for each share of Series A Preferred Stock was $1,000. The excess of the consideration transferred over carrying value was accounted for as a deemed dividend and resulted in a reduction of approximately $27,000 in net income (loss) attributable to common stockholders for the three months ended March 31, 2025. Prior to redemption, holders of our Series A Preferred Stock were entitled to receive dividends at an annual rate of 12.5% of the liquidation preference of $1,000 per share or $125.00 per share per annum.</div><div style="margin-top:10pt;text-align:justify">Common Stock</div><div style="margin-top:10pt;text-align:justify">The following table summarizes changes in our outstanding shares of common stock for the three months ended March 31, 2026 and 2025:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:23.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.124%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.977%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.134%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="45" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2026</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class F Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance at December 31, 2025</td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,416,104 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">20,330,131 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,208,568 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9,702,409 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,631,350 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,880,172 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">43,168,734 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Issuance of common stock</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">91,980 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,346,272 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">120,452 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,436,888 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">388 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,995,980 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Common stock distribution reinvestment</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,514 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">253,222 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">212 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">752 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">94,842 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,051 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">165,637 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">518,230 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Issuance of redeemable common shares(1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">264,024 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">264,024 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Repurchase of common stock</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(363,564)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(410,594)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(774,158)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Repurchase of redeemable common stock</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(110,485)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(110,485)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance at March 31, 2026</td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,509,598 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">22,566,061 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,208,780 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">121,204 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">11,823,545 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,787,328 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9,045,809 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">48,062,325 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:23.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.124%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.977%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.134%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="45" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2025</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class F Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance at December 31, 2024</td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,502,214 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7,226,062 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,499,147 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,171,608 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,635,105 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,218,258 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">24,252,394 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Issuance of common stock</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,969 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,261,421 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,211 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,088,268 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,244 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,370,113 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Common stock distribution reinvestment</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">98,095 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">99 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">36,810 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,370 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">161,371 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">297,745 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Issuance of redeemable common shares(1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">110,485 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">110,485 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Repurchase of common stock</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(111)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(21,833)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(111)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(8,678)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(30,733)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Repurchase of redeemable common stock</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(299,220)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(299,413)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(298,472)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(293,940)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,191,045)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance at March 31, 2025</td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,206,852 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,563,745 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,207,933 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,989,536 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,461,264 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,379,629 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">27,808,959 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Consists of shares issued to an Invesco affiliate for the payment of management fees and performance fees that are classified as redeemable common stock. See Note 11 — “Redeemable Common Stock - Related Party”.</div><div style="margin-top:10pt;text-align:justify">Distributions </div><div style="margin-top:10pt;text-align:justify">We are generally required to distribute at least 90% of our taxable income to our stockholders each year to comply with the REIT provisions of the Internal Revenue Code. Taxable income does not necessarily equal net income as calculated in accordance with GAAP. </div><div style="margin-top:10pt;text-align:justify">For the three months ended March 31, 2026, we declared distributions of $21.1 million. We accrued $7.3 million for distributions payable, of which $0.8 million was accrued for distributions payable to related parties, in our condensed consolidated balance sheet as of March 31, 2026. For the three months ended March 31, 2025, we declared distributions of </div><div style="margin-top:10pt;text-align:justify">$12.9 million. We accrued $4.3 million for distributions payable, of which $0.8 million was accrued for distributions payable to related parties, in our condensed consolidated balance sheet as of March 31, 2025.</div><div style="margin-top:10pt;text-align:justify">The following tables detail the aggregate distributions declared per share for each applicable class of stock for the three months ended March 31, 2026 and 2025: </div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.777%"><tr><td style="width:1.0%"></td><td style="width:29.105%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.284%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:8.284%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.284%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.284%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.284%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.284%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.289%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="42" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2026</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class F Shares</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Aggregate distribution declared per share</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.3200 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Stockholder servicing fee per share</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.0099)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.0524)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.0001)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.0101)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Net distribution declared per share</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4701 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4276 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4799 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.3099 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:29.207%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.278%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="42" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2025</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Class F</div><div style="text-align:center">Shares(3)</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Aggregate distribution declared per share</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Stockholder servicing fee per share</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.0003)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.0528)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Net distribution declared per share</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4997 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4472 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-top:10pt;text-align:justify">Share Repurchase Plan</div><div style="margin-top:10pt;text-align:justify">We have adopted a share repurchase plan for our common stock. On a monthly basis, our stockholders may request that we repurchase all or any portion of their shares. We may choose, in our discretion, to repurchase all, some or none of the shares that have been requested to be repurchased at the end of any month, subject to any limitations in the share repurchase plan.</div><div style="margin-top:10pt;text-align:justify">Class F stockholders may not participate in our share repurchase plan until the earlier of March 23, 2028 and the date our NAV reaches $1.5 billion. However, Class F stockholders are entitled to request that we repurchase their shares in the event that there is a Key Person Event or a Material Strategy Change, as such terms are defined in the Class F subscription agreement.</div><div style="margin-top:10pt;text-align:justify">During the three months ended March 31, 2026, we fulfilled all requests under the share repurchase plan and repurchased 774,158 shares of common stock for $19.3 million. For the three months ended March 31, 2025, we repurchased 30,733 shares of common stock for $0.8 million and fulfilled all repurchase requests that were made under the share repurchase plan. </div><div style="margin-top:10pt;text-align:justify">Distribution Reinvestment Plan </div><div style="margin-top:10pt;text-align:justify">We have adopted a distribution reinvestment plan (“DRP”) whereby common stockholders will have their cash distributions automatically reinvested in additional shares of common stock unless they elect to receive their distributions in cash. The per share purchase price for shares purchased (including fractional shares) under the distribution reinvestment plan is equal to the transaction price at the time the distribution is payable. </div><div style="margin-top:10pt;text-align:justify">Share-Based Compensation Plan </div><div style="margin-top:10pt;text-align:justify">For the three months ended March 31, 2026 and 2025, we recognized compensation expense of $62,000 and $19,000, respectively, related to restricted shares of Class E common stock awarded to independent members of our board of directors under the terms of our 2023 Equity Incentive Plan (the “Incentive Plan”). As of March 31, 2026 and 2025, we had 1,083,889 and 1,093,671 shares of common stock available for future issuance under the Incentive Plan, respectively.</div><div style="margin-top:10pt">Noncontrolling Interest in Subsidiary </div><div style="margin-top:10pt;text-align:justify">On January 29, 2026, a subsidiary issued 125 shares of 12.0% Series A Preferred Stock, par value $0.01 per share, with an aggregate liquidation preference of $1,000. The Series A preferred stock ranks senior to the Company’s interest in our subsidiary with respect to dividend rights and rights upon liquidation, dissolution and other considerations. The Series A Preferred Stock has no maturity date and will remain outstanding unless redeemed. The Series A Preferred Stock may be redeemed by the Company in whole or in part at any time; however, a redemption premium will also be required if redeemed on or before December 31, 2027. Upon consolidation, the issued and outstanding preferred share interest is shown as Non-controlling interest on our condensed consolidated balance sheets as of March 31, 2026 and net income (loss) is reflected as Net </div>income (loss) attributable to non-controlling interest in our condensed consolidated statement of comprehensive income during the three months ended March 31, 2026. 300000000.0 150000000.0 150000000.0 300000000.0 120000000.0 300000000.0 1500000000 200000 77219 186805 <div style="margin-top:10pt;text-align:justify">The following tables summarize the changes in redeemable common stock for the three months ended March 31, 2026 and 2025:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.777%"><tr><td style="width:1.0%"></td><td style="width:32.477%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.367%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Redeemable Common Stock</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Redeemable Common Stock</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Redeemable Common Stock</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Redeemable Common Stock</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Total Redeemable Common Stock</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Balance as of December 31, 2025</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,027 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,027 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,023 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">37,614 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">127,691 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Issuance of redeemable common stock</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,804 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,804 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Repurchase of redeemable common stock</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,848)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,848)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Adjustment to carrying value of redeemable common stock</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">100 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">100 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2026</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,027 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,027 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,023 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">41,670 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">131,747 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.777%"><tr><td style="width:1.0%"></td><td style="width:32.477%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.367%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">$ in thousands</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Total Redeemable Common Stock</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Balance as of December 31, 2024</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">37,554 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">37,554 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">37,565 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">38,694 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">151,367 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Issuance of redeemable common stock</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,814 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,814 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Repurchase of redeemable common stock</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(7,500)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(7,500)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(7,500)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(7,500)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(30,000)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Adjustment to carrying value of redeemable common stock</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(5)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">170 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">160 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2025</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,050 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,049 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">30,064 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">34,178 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">124,341 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt;text-align:justify">The following tables summarize the changes in our outstanding shares of redeemable common stock shares for the three months ended March 31, 2026 and 2025:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.631%"><tr><td style="width:1.0%"></td><td style="width:34.142%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.386%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Total Redeemable Common Stock</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Outstanding Shares as of December 31, 2025</td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,196,923 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,197,628 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,194,434 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,459,524 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,048,509 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Issuance of redeemable common stock </td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">264,024 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">264,024 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Repurchase of redeemable common stock</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(110,485)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(110,485)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Outstanding Shares as of March 31, 2026</td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,196,923 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,197,628 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,194,434 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,613,063 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,202,048 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.631%"><tr><td style="width:1.0%"></td><td style="width:34.142%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.386%"></td><td style="width:0.1%"></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Redeemable Common Shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Redeemable Common Stock</td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Outstanding Shares as of December 31, 2024</td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,496,143 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,497,041 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,492,906 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,519,133 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,005,223 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Issuance of redeemable common stock</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">110,485 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">110,485 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Repurchase of redeemable common stock</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(299,220)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(299,413)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(298,472)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(293,940)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,191,045)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 1.02pt;text-align:left;vertical-align:bottom">Outstanding Shares as of March 31, 2025</td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,196,923 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,197,628 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,194,434 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,335,678 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,924,663 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 30027000 30027000 30023000 37614000 127691000 0 0 0 6804000 6804000 0 0 0 2848000 2848000 0 0 0 100000 100000 30027000 30027000 30023000 41670000 131747000 37554000 37554000 37565000 38694000 151367000 0 0 0 2814000 2814000 7500000 7500000 7500000 7500000 30000000 -4000 -5000 -1000 170000 160000 30050000 30049000 30064000 34178000 124341000 1196923 1197628 1194434 1459524 5048509 0 0 0 264024 264024 0 0 0 110485 110485 1196923 1197628 1194434 1613063 5202048 1496143 1497041 1492906 1519133 6005223 0 0 0 110485 110485 299220 299413 298472 293940 1191045 1196923 1197628 1194434 1335678 4924663 111 117 1 0.125 1 1 1 1 1 228 232000 1000 27000 0.125 1000 125.00 <div style="margin-top:10pt;text-align:justify">The following table summarizes changes in our outstanding shares of common stock for the three months ended March 31, 2026 and 2025:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:23.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.124%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.977%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.134%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="45" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2026</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class F Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance at December 31, 2025</td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,416,104 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">20,330,131 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,208,568 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9,702,409 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,631,350 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,880,172 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">43,168,734 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Issuance of common stock</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">91,980 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,346,272 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">120,452 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,436,888 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">388 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,995,980 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Common stock distribution reinvestment</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,514 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">253,222 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">212 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">752 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">94,842 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,051 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">165,637 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">518,230 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Issuance of redeemable common shares(1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">264,024 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">264,024 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Repurchase of common stock</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(363,564)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(410,594)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(774,158)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Repurchase of redeemable common stock</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(110,485)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(110,485)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance at March 31, 2026</td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,509,598 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">22,566,061 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,208,780 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">121,204 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">11,823,545 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,787,328 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9,045,809 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">48,062,325 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:23.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.124%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.977%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.134%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="45" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2025</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class F Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance at December 31, 2024</td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,502,214 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7,226,062 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,499,147 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,171,608 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,635,105 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,218,258 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">24,252,394 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Issuance of common stock</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,969 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,261,421 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,211 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,088,268 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,244 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,370,113 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Common stock distribution reinvestment</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">98,095 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">99 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">36,810 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,370 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">161,371 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">297,745 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Issuance of redeemable common shares(1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">110,485 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">110,485 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Repurchase of common stock</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(111)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(21,833)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(111)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(8,678)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(30,733)</td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Repurchase of redeemable common stock</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(299,220)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(299,413)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(298,472)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(293,940)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,191,045)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance at March 31, 2025</td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,206,852 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,563,745 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,207,933 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,989,536 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,461,264 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,379,629 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">27,808,959 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Consists of shares issued to an Invesco affiliate for the payment of management fees and performance fees that are classified as redeemable common stock. See Note 11 — “Redeemable Common Stock - Related Party”.</div> 1416104 1416104 20330131 20330131 1208568 1208568 0 0 9702409 9702409 1631350 1631350 8880172 8880172 43168734 43168734 91980 2346272 0 120452 2436888 388 0 4995980 1514 253222 212 752 94842 2051 165637 518230 0 0 0 0 0 264024 0 264024 0 363564 0 0 410594 0 0 774158 0 0 0 0 0 110485 0 110485 1509598 1509598 22566061 22566061 1208780 1208780 121204 121204 11823545 11823545 1787328 1787328 9045809 9045809 48062325 48062325 1502214 1502214 7226062 7226062 1499147 1499147 0 0 4171608 4171608 1635105 1635105 8218258 8218258 24252394 24252394 3969 3261421 8211 0 1088268 8244 0 4370113 0 98095 99 0 36810 1370 161371 297745 0 0 0 0 0 110485 0 110485 111 21833 111 0 8678 0 0 30733 299220 0 299413 0 298472 293940 0 1191045 1206852 1206852 10563745 10563745 1207933 1207933 0 0 4989536 4989536 1461264 1461264 8379629 8379629 27808959 27808959 21100000 7300000 800000 12900000 4300000 800000 <div style="margin-top:10pt;text-align:justify">The following tables detail the aggregate distributions declared per share for each applicable class of stock for the three months ended March 31, 2026 and 2025: </div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.777%"><tr><td style="width:1.0%"></td><td style="width:29.105%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.284%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:8.284%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.284%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.284%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.284%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.284%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.386%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.289%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="42" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2026</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class F Shares</td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Aggregate distribution declared per share</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.3200 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Stockholder servicing fee per share</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.0099)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.0524)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.0001)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.0101)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Net distribution declared per share</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4701 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4276 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4799 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.3099 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4800 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:29.207%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.278%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="42" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31, 2025</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class S-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class D-1 Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class I Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Class E Shares</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Class F</div><div style="text-align:center">Shares(3)</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Aggregate distribution declared per share</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Stockholder servicing fee per share</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.0003)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.0528)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top">Net distribution declared per share</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4997 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4472 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.5000 </td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div> 0.4800 0.4800 0.4800 0.3200 0.4800 0.4800 0.4800 -0.0099 -0.0524 -0.0001 -0.0101 0 0 0 0.4701 0.4276 0.4799 0.3099 0.4800 0.4800 0.4800 0.5000 0.5000 0.5000 0 0.5000 0.5000 0.5000 -0.0003 -0.0528 0 0 0 0 0 0.4997 0.4472 0.5000 0 0.5000 0.5000 0.5000 1500000000 774158 19300000 30733 800000 62000 19000 1083889 1093671 125 0.120 0.01 1000 Earnings per Common Share<div style="margin-top:10pt;text-align:justify">The following table summarizes our earnings per share for the three months ended March 31, 2026 and 2025: </div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:70.203%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.955%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.957%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31,</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands, except share and per share amounts</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Net income (loss) available to common stockholders</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle">19,713 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle">11,635 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Weighted average common shares outstanding</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">46,541,642 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27,233,292 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Effect of dilutive restricted stock awards</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">225 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">76 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Diluted weighted average common shares outstanding</td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">46,541,867 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27,233,368 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Earnings (loss) per share:</td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom">Basic</td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:middle">0.42 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:middle">0.43 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom">Diluted</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">0.42 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">0.43 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> arnings per share for the three months ended March 31, 2026 and 2025: <div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:70.203%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.955%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.957%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Three Months Ended March 31,</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands, except share and per share amounts</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Net income (loss) available to common stockholders</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle">19,713 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:middle">11,635 </td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Weighted average common shares outstanding</td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">46,541,642 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27,233,292 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Effect of dilutive restricted stock awards</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">225 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">76 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom">Diluted weighted average common shares outstanding</td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">46,541,867 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27,233,368 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Earnings (loss) per share:</td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom">Basic</td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:middle">0.42 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:middle">0.43 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom">Diluted</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">0.42 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">0.43 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 19713000 11635000 46541642 27233292 225 76 46541867 27233368 0.42 0.43 0.42 0.43 Commitments and Contingencies<div style="margin-top:10pt;text-align:justify">Commitments and contingencies may arise in the ordinary course of business. As of March 31, 2026, we had unfunded commitments of $381.8 million for certain of our commercial real estate loan investments. The unfunded commitments consist of funding for leasing costs, interest reserves and capital expenditures. Funding depends on timing of lease-up, renovation and capital improvements as well as satisfaction of certain cash flow tests. Therefore, the exact timing and amounts of such future loan fundings are uncertain. We expect to fund our loan commitments over the weighted average remaining term of the related loans of 1.39 years.</div><div style="margin-top:10pt;text-align:justify">We have also committed to pay counterparty legal, diligence and other fees in connection with new financing facilities in the ordinary course of business.</div><div style="margin-top:10pt;text-align:justify">From time to time, we may be involved in various claims and legal actions arising in the ordinary course of business. As of March 31, 2026, the Company was not involved in any material legal proceedings.</div> 381800000 P1Y4M20D Segment Reporting<div style="margin-top:10pt;text-align:justify">We conduct our business as a single operating segment. Our chief operating decision maker (“CODM”) is a group comprised of the Company’s Chief Executive Officer and President, and Chief Financial Officer. The CODM uses net income as the basis for measuring segment profitability, allocating resources and assessing performance. Because the accounting policies for the segment are the same as those described in Note 2 — “Summary of Significant Accounting Policies,” to the consolidated financial statements of our Annual Report on Form 10-K for the year ended December 31, 2025, total segment net income and total segment assets are equal to total net income and total assets, as reported on our condensed consolidated statements of comprehensive income and condensed consolidated balance sheets, respectively. All revenues for the segment are derived from external customers.</div><div style="margin-top:10pt;text-align:justify">The significant segment expenses regularly provided to the CODM, generally, include interest expense, debt issuance costs, management fees and general and administrative expenses, as separately presented on our condensed consolidated statements of comprehensive income. General and administrative expenses consist of directors’ and officers’ insurance, legal costs, investing, accounting, auditing and tax services, filing fees and miscellaneous general and administrative costs.</div> Subsequent Events<div style="margin-top:10pt;text-align:justify">Due From Servicer</div><div style="margin-top:10pt;text-align:justify">The $37.5 million related to amounts collected by the loan servicer but not yet remitted to the Company’s consolidated CLO and to the Company that were included in other assets was repaid in full in April 2026. </div><div>Redeemable Common Stock - Related Party </div><div style="margin-top:10pt;text-align:justify">On May 1, 2026, Invesco Realty purchased an additional $30.0 million in shares of our common stock under the Invesco Subscription Agreement resulting in a total of $150.0 million owned. </div><div style="margin-top:10pt;text-align:justify">Revolving Credit Facility </div><div style="margin-top:10pt;text-align:justify">On May 7, 2026, the Operating Partnership (the “Initial Borrower”) entered into a Revolving Credit Agreement with NatWest Markets PLC (“NatWest”), as lender, lead arranger, and administrative agent. The Credit Agreement provides for a two‑tranche revolving credit facility consisting of (i) a Tranche A facility with no initial committed amount and (ii) a $100.0 million Tranche B facility.</div><div style="margin-top:10pt;text-align:justify">Tranche A, if and when activated, provides for a revolving line of credit denominated in U.S. dollars bearing interest at Term SOFR plus 1.90% and maturing in January 2028. Tranche B provides for a revolving line of credit denominated in U.S. dollars, Euros, or British pounds sterling bearing interest at the applicable benchmark rate plus a margin ranging from 2.75% to 3.25%, depending on the advance rate elected, and maturing in May 2028 following the closing date. Unused commitments under Tranche A and Tranche B are subject to a commitment fee of 0.25% per annum and 1.00% per annum, respectively. The Company incurred an arranger fee equal to 0.50% of the Tranche B facility commitment. </div><div style="margin-top:10pt;text-align:justify">The Credit Agreement includes an accordion feature permitting aggregate commitments to be increased up to a maximum of $330.0 million, with Tranche A not exceeding $150.0 million and Tranche B not exceeding $330.0 million, in each case subject to lender consent. Maturity dates may also be extended by up to twelve months with lender approval. Tranche A availability, if increased from zero, would be based on unfunded capital commitments of the included investors, while Tranche B availability is based on the net asset value of the Company’s eligible portfolio investments plus secured cash collateral. Borrowings are secured by a first‑priority lien on certain collateral accounts, and the Company has provided a full and unconditional guaranty of the Initial Borrower’s obligations.</div><div style="margin-top:10pt;text-align:justify">The Credit Agreement contains customary representations, warranties, and covenants, including financial covenants requiring a minimum adjusted tangible net worth, a minimum interest coverage ratio, minimum liquidity of the Initial Borrower based on net asset value, and a minimum fair value‑to‑cost ratio. In connection with the closing, the Company’s existing credit agreement was terminated, and all related liens were released. </div><div style="margin-top:10pt;text-align:justify">As of the date of this filing, no amount was outstanding under the Credit Agreement.</div><div style="margin-top:10pt;text-align:justify">Redeemable Common Stock - Related Party </div><div style="margin-top:10pt;text-align:justify">On May 7, 2026, the Company cancelled the additional $150.0 million capital commitment from Invesco Realty. The additional capital commitment was only available if needed to avoid triggering any concentration limit imposed by a third party in connection with its distribution or placement of our shares or for purposes of repaying indebtedness drawn on the existing credit agreement, which we terminated in conjunction with closing on the NatWest revolving credit agreement. </div><div style="margin-top:10pt;text-align:justify">Equity</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Issuances</div><div style="margin-top:10pt;text-align:justify">Subsequent to March 31, 2026, we issued the following shares of common stock:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:43.555%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.678%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.469%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.678%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.469%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.678%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.473%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands except share amounts</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Shares Issued to Third Parties</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Shares Issued to Affiliates(1)(2)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">DRP Shares(3)</div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Class S</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,090 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">301,575 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">773 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Class S-1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,783,305 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">90,044 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Class D</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">301,860 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">72 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Class D-1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">200,968 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">753 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Class I</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,628,457 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">300,693 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">35,499 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Class E</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,434 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">376,191 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">638 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Class F</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">55,821 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,621,254 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,280,319 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">183,600 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div>Total net proceeds(4)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">90,391 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">30,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">4,639 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Affiliates include related parties discussed in Note 10 — “Related Party Transactions”. </div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(2)Includes 85,861 Class E shares issued to our Adviser as payment for management fees of $2.2 million which is excluded from total net proceeds.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(3)Represents shares issued under our distribution reinvestment plan.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(4)With respect to Shares Issued to Affiliates, total net proceeds represents the total value of shares of our common stock purchased by Invesco Realty under the Invesco Subscription agreement. With respect to DRP Shares, total net proceeds represents the total value of shares issued under our distribution reinvestment plan. </div><div style="margin-top:10pt;text-align:justify">Repurchases</div><div style="margin-bottom:10pt;margin-top:10pt">Subsequent to March 31, 2026, we repurchased the following stock:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:50.583%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.678%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.326%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.328%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands except share amounts</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Shares Repurchased from Third-Parties</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Shares Repurchased from Affiliates(1)</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Class S</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Class S-1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">49,359 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Class D</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Class D-1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Class I</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">130,382 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Class E</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Class F</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">179,741 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total repurchases</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">4,485 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Affiliates include related parties discussed in Note 10 — “Related Party Transactions”.</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify">Subsequent to March 31, 2026, all repurchase requests under our share repurchase plan were satisfied.</div> 37500000 30000000.0 150000000.0 0 100000000.0 0.0190 0.0275 0.0325 0.0025 0.0100 0.0050 330000000.0 150000000.0 330000000.0 P12M 0 0 150000000.0 <div style="margin-top:10pt;text-align:justify">Subsequent to March 31, 2026, we issued the following shares of common stock:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:43.555%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.678%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.469%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.678%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.469%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.678%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.473%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands except share amounts</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Shares Issued to Third Parties</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Shares Issued to Affiliates(1)(2)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">DRP Shares(3)</div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Class S</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,090 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">301,575 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">773 </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Class S-1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,783,305 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">90,044 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Class D</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">301,860 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">72 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Class D-1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">200,968 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">753 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Class I</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,628,457 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">300,693 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">35,499 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Class E</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,434 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">376,191 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">638 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Class F</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">55,821 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,621,254 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,280,319 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">183,600 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div>Total net proceeds(4)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:middle">90,391 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">30,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">4,639 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Affiliates include related parties discussed in Note 10 — “Related Party Transactions”. </div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(2)Includes 85,861 Class E shares issued to our Adviser as payment for management fees of $2.2 million which is excluded from total net proceeds.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(3)Represents shares issued under our distribution reinvestment plan.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(4)With respect to Shares Issued to Affiliates, total net proceeds represents the total value of shares of our common stock purchased by Invesco Realty under the Invesco Subscription agreement. With respect to DRP Shares, total net proceeds represents the total value of shares issued under our distribution reinvestment plan. </div><div style="margin-bottom:10pt;margin-top:10pt">Subsequent to March 31, 2026, we repurchased the following stock:</div><div style="margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.923%"><tr><td style="width:1.0%"></td><td style="width:50.583%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.678%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.326%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.328%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$ in thousands except share amounts</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Shares Repurchased from Third-Parties</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Shares Repurchased from Affiliates(1)</div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Class S</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Class S-1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">49,359 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Class D</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Class D-1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Class I</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">130,382 </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Class E</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:middle">Class F</td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">179,741 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total repurchases</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">4,485 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt">(1)Affiliates include related parties discussed in Note 10 — “Related Party Transactions”.</div> 5090 301575 773 1783305 0 90044 0 301860 72 200968 0 753 1628457 300693 35499 3434 376191 638 0 0 55821 3621254 1280319 183600 90391000 30000000 4639000 85861 2200000 0 0 49359 0 0 0 0 0 130382 0 0 0 0 0 179741 0 4485000 0 false false false false (1) The condensed consolidated balance sheets at March 31, 2026 and December 31, 2025 include assets of $1.2 billion and liabilities of $1.0 billion of a consolidated collateralized loan obligation, which is a variable interest entity (“VIE”). The VIE’s assets can only be used to settle the obligations of the VIE. See Note 6 — “Collateralized Loan Obligations”, for additional information.

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2026	May 08, 2026
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2026
Document Transition Report	false
Entity File Number	000-56564
Entity Registrant Name	Invesco Commercial Real Estate Finance Trust, Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	92-1080856
Entity Address, Address Line One	2300 N Field Street
Entity Address, Address Line Two	Suite 1200
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75201
City Area Code	972
Local Phone Number	715-7400
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Central Index Key	0001976927
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class S Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,817,036
Class S-1 Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		24,390,051
Class D Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,510,712
Class D-1 Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		322,925
Class I Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		13,657,812
Class E Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,167,590
Class F Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		9,101,630

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Net Interest Income
Other interest income	$ 865	$ 975
Interest expense	(51,619)	(31,297)
Net interest income	26,605	16,519
Other Income (Expense)
Unrealized gain (loss) on secured financing facilities, net	10,142	(8,474)
Gain (loss) on derivative instruments, net	6,259	(2,180)
Gain (loss) on foreign currency transactions, net	(466)	9
Commitment fee income, net of related party expense of $1,463 and $2,119 for the three months ended March 31, 2026 and 2025, respectively	4,380	2,119
Other income and (expense), net	192	289
Total other income (expense), net	5,102	4,443
Expenses
Management and performance fees - related party	3,804	1,830
Debt issuance and other financing costs related to borrowings, at fair value	4,868	4,916
Organizational costs	0	2
General and administrative	3,319	2,550
Total expenses	11,991	9,298
Net income (loss)	19,716	11,664
Net income (loss) attributable to non-controlling interest	3	0
Dividends to preferred stockholders	0	(2)
Issuance and redemption costs of redeemed preferred stock	0	(27)
Net income (loss) available to common stockholders	19,713	11,635
Currency translation adjustment	(71)	26
Comprehensive income (loss)	19,645	11,690
Net income (loss) attributable to non-controlling interest	3	0
Issuance and redemption costs of redeemed preferred stock	0	(27)
Comprehensive income (loss) attributable to common stockholders	$ 19,642	$ 11,661
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.42	$ 0.43
Diluted (in dollars per share)	$ 0.42	$ 0.43
Weighted average number of shares of common stock
Basic (in shares)	46,541,642	27,233,292
Diluted (in shares)	46,541,867	27,233,368
Commercial real estate loan investments
Net Interest Income
Interest income	$ 77,125	$ 46,841
Other Income (Expense)
Unrealized gain (loss) on loans, net	(16,230)	12,680
Real estate-related securities
Net Interest Income
Interest income	234	0
Other Income (Expense)
Unrealized gain (loss) on loans, net	(46)	0
Collateralized loan obligations
Net Interest Income
Interest expense	(14,700)
Other Income (Expense)
Unrealized gain (loss) on loans, net	$ 871	$ 0

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Related Party
Commitment and other fee expense	$ 1,463	$ 2,119

Condensed Consolidated Statements of Changes in Equity and Redeemable Common Stock (Unaudited) - USD ($) $ in Thousands	Total	Total Stockholders' Equity	Series A Preferred Stock Series A Preferred Stock	Common Stock Class S Common Stock	Common Stock Class S-1 Common Stock	Common Stock Class D Common Stock	Common Stock Class D-1 Common Stock	Common Stock Class I Common Stock	Common Stock Class E Common Stock	Common Stock Class F Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings (Accumulated Deficit)	Non-Controlling Interest
Beginning balance at Dec. 31, 2024	$ 435,349	$ 435,349	$ 205	$ 0	$ 72	$ 0	$ 0	$ 27	$ 1	$ 82	$ 448,947	$ (65)	$ (13,920)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	11,664	11,664											11,664
Proceeds from issuance of stock, net of offering costs	105,668	105,668			33			11			105,624
Common stock distribution reinvestment	7,568	7,568			1					2	7,565
Common stock dividends	(12,943)	(12,943)											(12,943)
Preferred stock dividends	(2)	(2)											(2)
Amortization of equity based compensation	19	19									19
Repurchase of common stock	(754)	(754)									(754)
Redemption of preferred stock	(232)	(232)	(205)										(27)
Foreign currency translation adjustment	26	26										26
Adjustment to the carrying value of redeemable common stock	(160)	(160)									(160)
Ending balance at Mar. 31, 2025	546,203	546,203	0	0	106	0	0	38	1	84	561,241	(39)	(15,228)	0
Beginning balance at Dec. 31, 2024	151,367
Redeemable Common Stock
Proceeds from issuance of redeemable common stock	2,814
Repurchase of redeemable common stock	(30,000)
Adjustment to the carrying value of redeemable common stock	160
Ending balance at Mar. 31, 2025	124,341
Beginning balance at Dec. 31, 2025	914,643	914,643	0	2	203	0	0	85	1	89	930,845	94	(16,676)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	19,716	19,713											19,713	3
Proceeds from issuance of stock, net of offering costs	121,558	121,558		1	24		1	24			121,508
Common stock distribution reinvestment	13,110	13,110			3			1		2	13,104
Common stock dividends	(21,085)	(21,085)											(21,085)
Proceeds from non-controlling interest, net of offering costs	113													113
Distributions on non-controlling interest	(3)													(3)
Amortization of equity based compensation	62	62									62
Repurchase of common stock	(19,312)	(19,312)			(4)			(4)			(19,304)
Foreign currency translation adjustment	(71)	(71)										(71)
Adjustment to the carrying value of redeemable common stock	(100)	(100)									(100)
Ending balance at Mar. 31, 2026	1,028,631	$ 1,028,518	$ 0	$ 3	$ 226	$ 0	$ 1	$ 106	$ 1	$ 91	$ 1,046,115	$ 23	$ (18,048)	$ 113
Beginning balance at Dec. 31, 2025	127,691
Redeemable Common Stock
Proceeds from issuance of redeemable common stock	6,804
Repurchase of redeemable common stock	(2,848)
Adjustment to the carrying value of redeemable common stock	100
Ending balance at Mar. 31, 2026	$ 131,747

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Cash flows from operating activities:
Net income (loss)	$ 19,716	$ 11,664
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Unrealized (gain) loss on secured financing facilities, net	(10,142)	8,474
(Gain) loss on derivative instruments, net	(6,259)	2,180
(Gain) loss on foreign currency transactions	5	0
Debt issuance costs	4,062	3,541
Amortization of equity based compensation and other	634	19
Change in operating assets and liabilities:
Increase in operating assets	(2,467)	(1,019)
Increase (decrease) in operating liabilities	1,670	(458)
Increase (decrease) in due to affiliate	110	(450)
Net cash provided by operating activities	22,734	11,271
Cash flows from investing activities:
Principal payments from commercial real estate loans	45,112	0
Settlement of foreign currency forward contracts, net	2,586	117
Net cash used in investing activities	(549,603)	(384,589)
Cash flows from financing activities:
Proceeds from revolving credit facility	220,000	135,000
Repayment of revolving credit facility	(259,000)	(135,000)
Proceeds from secured financing facilities	506,497	286,301
Repayment of secured financing facilities	(34,596)	0
Proceeds from issuance of common stock, net of offering costs	95,650	89,741
Proceeds from non-controlling interest, net of offering costs	113	0
Repurchase of common stock	(13,973)	(809)
Repurchase of redeemable common stock	(2,848)	(30,000)
Redemption of preferred stock	0	(232)
Proceeds from subscriptions paid in advance	32,095	28,495
Cash paid for debt issuance costs	(1,674)	(1,079)
Payments of dividends	(7,234)	(4,885)
Net cash provided by financing activities	535,030	367,532
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(37)	(1)
Net change in cash, cash equivalents and restricted cash	8,124	(5,787)
Cash, cash equivalents and restricted cash, beginning of period	45,615	100,034
Cash, cash equivalents and restricted cash, end of period	53,739	94,247
Supplemental disclosures:
Interest paid	50,560	31,770
Non-cash investing and financing activities:
Dividends and distributions declared not paid	7,277	4,257
Common stock distribution reinvestment	13,110	7,568
Issuance of redeemable common stock for payment of management and performance fees	6,804	2,814
Accrued common stock repurchases	6,244	0
Offering costs due to affiliates	1,978	3,857
Real estate-related securities purchased, not settled	750	0
Adjustment to carrying value of redeemable common stock	100	160
Principal payments from commercial real estate loans due from servicer	36,768	0
Distributions to non-controlling interest, not yet paid	3	0
Commercial real estate loan investments
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Unrealized (gain) loss	16,230	(12,680)
Cash flows from investing activities:
Originations, funding, and purchases of assets at fair value	(595,601)	(384,706)
Real estate-related securities
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Unrealized (gain) loss	46	0
Cash flows from investing activities:
Originations, funding, and purchases of assets at fair value	(1,700)	0
Collateralized loan obligations
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Unrealized (gain) loss	$ (871)	$ 0

Organization and Business Purpose	3 Months Ended
Organization and Business Purpose	Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business Purpose	Organization and Business Purpose Invesco Commercial Real Estate Finance Trust, Inc. (the “Company” or “we”) is a Maryland corporation incorporated in October 2022. Our primary investment strategy is to originate, acquire and manage a diversified portfolio of loans and debt-like preferred equity interests secured by, or unsecured but related to, commercial real estate. We commenced investing activities in May 2023. We own substantially all of our assets through Invesco Commercial Real Estate Finance Investments, L.P. (the “Operating Partnership”), a wholly-owned subsidiary. We are externally managed by Invesco Advisers, Inc. (the “Adviser”), a registered investment adviser and an indirect, wholly-owned subsidiary of Invesco Ltd. (“Invesco”), an independent global investment management firm. We qualified as a real estate investment trust (“REIT”) for U.S. federal income tax purposes beginning with the taxable year ended December 31, 2023. We have one operating segment. We operate our business in a manner that permits our exclusion from the definition of an “Investment Company” under the Investment Company Act of 1940, as amended (the “Investment Company Act”). We are structured as a perpetual-life REIT and are engaging in a continuous, unlimited private placement offering of our common stock to “accredited investors” (as defined by Rule 501 promulgated pursuant to the Securities Act) (the “Continuous Offering”) under exemptions provided by Section 4(a)(2) of the Securities Act and applicable state securities laws. The Class S, Class S-1, Class D, Class D-1, Class I, and Class E shares sold in our Continuous Offering have different upfront selling commissions, ongoing stockholder servicing fees, management fees and performance fees.

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2026
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation Certain disclosures included in our Annual Report on Form 10-K are not required to be included on an interim basis in our quarterly reports on Form 10-Q. We have condensed or omitted these disclosures. Therefore, this Form 10-Q should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2025. Consolidation Our condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and consolidate the financial statements of the Company and its controlled subsidiaries. In determining whether we have a controlling financial interest in a partially owned entity, we consider whether the entity is a variable interest entity (“VIE”) and whether we are the primary beneficiary. We are the primary beneficiary of a VIE when we have both the power to direct the most significant activities impacting the economic performance of the VIE and the obligation to absorb losses or receive benefits significant to the VIE. See additional information on our VIEs for the collateralized loan obligations issuer (“CLO Issuer” or “INCREF 2025-FL1”) in Note 6 — “Collateralized Loan Obligations.” All significant intercompany transactions, balances, revenues and expenses are eliminated in consolidation. In the opinion of management, the condensed consolidated financial statements reflect all adjustments, consisting of normal recurring accruals, which are necessary for a fair statement of our financial condition and results of operations for the periods presented. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our condensed consolidated financial statements and accompanying notes. Examples of estimates may include, but are not limited to, estimates of the fair values of financial instruments and estimated payment periods for certain stockholder servicing fee liabilities. Actual results may differ from those estimates. Cash and Cash Equivalents We consider all highly liquid investments that have original or remaining maturity dates of three months or less when purchased to be cash equivalents. Certain cash balances may be held in brokerage accounts that also hold our securities investments and may be swept into money market funds that meet the criteria for classification as cash equivalents. Cash and cash equivalents are carried at cost, which approximates fair value due to the highly liquid and short-term nature of these instruments. We may have cash balances in excess of federally insured amounts. We mitigate our risk of loss by maintaining cash deposits with high credit-quality institutions and by actively monitoring the credit risk of our counterparties. Restricted Cash Restricted cash represents (i) cash deposited with our transfer agent for investor subscriptions received prior to the date the subscriptions are effective, (ii) cash held by foreign subsidiaries that cannot be used to pay dividends without local regulatory authority approval, and (iii) cash held by the Company’s collateralized loan obligations issuer pending reinvestment in eligible collateral. See Note 6 — “Collateralized Loan Obligations” for additional details. Due From Servicer As of March 31, 2026, the Company had a balance of $37.5 million related to amounts collected by the loan servicer but not yet remitted to the Company’s consolidated CLO Issuer and to the Company. These amounts primarily represent principal and interest payments received from a borrower prior to quarter-end but not yet transferred to the Company’s consolidated CLO and to the Company. This amount is included in Other Assets on the condensed consolidated balance sheet as of March 31, 2026. Income Taxes We elect to treat certain of our corporate subsidiaries as taxable REIT subsidiaries (“TRS”) which are subject to federal, state and local corporate income tax, as applicable. TRSs hold investments in assets, income streams, operating companies and associated expenses that produce non-qualifying items for purposes of REIT testing. Current income tax expense is recorded within other income (expense), net on our condensed consolidated statements of comprehensive income. Deferred tax assets, valuation allowance, and deferred tax liabilities are recorded within other assets or other liabilities, as applicable, on our condensed consolidated balance sheets. For the three months ended March 31, 2026, we recorded income tax expense of $13,000 located within other income and (expense), net on our comprehensive statements of comprehensive income. We did not have tax expense in the three months ended March 31, 2025. As of March 31, 2026, our tax years 2023 through 2026 remain subject to examination by the United States tax authorities. Fair Value Measurement We have elected the fair value option for our commercial real estate loan investments, real estate-related securities, secured lending and term lending agreements (collectively, our “secured financing facilities”), our revolving credit facility, and our CLO. The Company believes the fair value option will provide its financial statements users with reduced complexity, greater consistency, understandability and comparability. In the month that we originate or acquire a loan that is held outside of the CLO Issuer, the par value of the loan represents its fair value. Thereafter, an independent valuation advisor values our commercial loan investments monthly using a discounted cash flow analysis. The yield used in the discounted cash flow analysis is determined by comparing the features of the loan to the interest rates and terms required by lenders in the new loan origination market for similar loans and the yield required by investors acquiring similar loans in the secondary market as well as a comparison of current market and collateral conditions to those present at origination or acquisition. The Company elected to apply the measurement alternative for consolidated collateralized financing entities with respect to the CLO Issuer. Accordingly, commercial real estate loans and loan participations that are collateral assets within the consolidated CLO Issuer are measured using the fair value of the more observable notes as an indicator of the fair value of the assets as a whole. A portion of these notes are related to the retained income notes, which are valued using a discounted cash flow model. The discounted cash flow model estimates expected future cash flows based on the contractual terms and relevant market data, incorporating collateral characteristics, prepayment and default assumptions, loss severity, credit enhancement features, and note specific factors, and discounts these projected cash flows using a market‑based yield. In determining the fair value of a particular real estate-related security, we use pricing service providers, who may use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models to determine the reported price. The pricing service providers’ internal models for securities generally consider the attributes applicable to a particular class of the security (e.g., credit rating or seniority), current market data, and estimated cash flows for each class and incorporate deal collateral performance such as prepayment speeds and default rates, as available. In the month that we enter into a borrowing arrangement, the par value of the borrowing represents the fair value of the arrangement. Thereafter, an independent valuation advisor values our revolving credit facility and secured financing facilities monthly. The independent valuation advisor calculates the fair value of the revolving credit facility based on a determination of the price that would be paid by another market participant to assume the lender’s position in the transaction. The fair value of secured financing facilities is calculated using a discounted cash flow analysis where the remaining debt service cash flow, based on the contractual economics stated in the loan agreement, is valued using a market interest rate which reflects an estimate for how a lender would price an equivalent loan for the remaining term. Additionally, we consider current market rates and conditions by evaluating similar borrowing agreements with comparable loan-to-value ratios and credit profiles. The market rate of interest is adjusted to reflect our own credit risk for recourse borrowings. We generally determine the fair value of the collateralized loan obligations by utilizing third party pricing services, broker-dealer quotations, and discounted cash flow models. We conduct an ongoing evaluation of their valuation methodologies and processes and review the individual valuations themselves. Our review consists of consideration of a variety of factors, including market transaction information for the particular bond, market transaction information for similar bonds, the bond’s ratings and the bond’s subordination levels. Our currency forward contracts are valued by an independent pricing service based on contractual cash flows and quoted foreign currency rates available in an active market. When determining the fair value of our forward currency contracts as of each measurement date, we consider the effect of counterparty nonperformance risk as a part of the valuation process and include a credit risk adjustment where appropriate. Real Estate-Related Securities We invest in debt securities of real estate companies. We have elected the fair value option for accounting for investments in debt securities. We record changes in fair value of debt securities as unrealized gain (loss) on real estate-related securities and interest income on debt securities as interest income in our condensed consolidated statements of comprehensive income. Collateralized Loan Obligations The Company financed a pool of loans and loan participations from its existing loan portfolio through a managed collateralized financing entity, INCREF 2025-FL1. The Company consolidates the CLO Issuer because it determined that the CLO issuer is a VIE and that the Company is the primary beneficiary of such VIE. The collateral assets securing the collateralized loan obligations include the pool of loans and loan participations, which are included on the condensed consolidated balance sheets as commercial real estate loan investments, at fair value. The notes issued by the consolidated CLO Issuer are included on the Company’s condensed consolidated balance sheets as collateralized loan obligations, at fair value. Collateralized loan obligations consist solely of obligations held by third party rated note holders and exclude the retained tranches held by the Company, which are eliminated in consolidation of the CLO Issuer. The interest income from the CLO Issuer’s collateral assets and interest expense on the notes issued by the CLO Issuer are presented on a gross basis within interest income and interest expense, respectively, in the condensed consolidated statements of comprehensive income. Because we elected the fair value option for our collateralized loan obligations, we record any changes in their fair values as unrealized gain (loss) on collateralized loan obligations, net in our condensed consolidated statements of comprehensive income. Significant Accounting Policies There have been no changes to our accounting policies included in Note 2 — “Summary of Significant Accounting Policies” to the consolidated financial statements of our Annual Report on Form 10-K for the year ended December 31, 2025.

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments and contingencies may arise in the ordinary course of business. As of March 31, 2026, we had unfunded commitments of $381.8 million for certain of our commercial real estate loan investments. The unfunded commitments consist of funding for leasing costs, interest reserves and capital expenditures. Funding depends on timing of lease-up, renovation and capital improvements as well as satisfaction of certain cash flow tests. Therefore, the exact timing and amounts of such future loan fundings are uncertain. We expect to fund our loan commitments over the weighted average remaining term of the related loans of 1.39 years. We have also committed to pay counterparty legal, diligence and other fees in connection with new financing facilities in the ordinary course of business. From time to time, we may be involved in various claims and legal actions arising in the ordinary course of business. As of March 31, 2026, the Company was not involved in any material legal proceedings.

Segment Reporting	3 Months Ended
Segment Reporting	Mar. 31, 2026
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting We conduct our business as a single operating segment. Our chief operating decision maker (“CODM”) is a group comprised of the Company’s Chief Executive Officer and President, and Chief Financial Officer. The CODM uses net income as the basis for measuring segment profitability, allocating resources and assessing performance. Because the accounting policies for the segment are the same as those described in Note 2 — “Summary of Significant Accounting Policies,” to the consolidated financial statements of our Annual Report on Form 10-K for the year ended December 31, 2025, total segment net income and total segment assets are equal to total net income and total assets, as reported on our condensed consolidated statements of comprehensive income and condensed consolidated balance sheets, respectively. All revenues for the segment are derived from external customers. The significant segment expenses regularly provided to the CODM, generally, include interest expense, debt issuance costs, management fees and general and administrative expenses, as separately presented on our condensed consolidated statements of comprehensive income. General and administrative expenses consist of directors’ and officers’ insurance, legal costs, investing, accounting, auditing and tax services, filing fees and miscellaneous general and administrative costs.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization and Business Purpose (Details)	3 Months Ended
Organization and Business Purpose (Details)	Mar. 31, 2026 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	1

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Concentration Risk [Line Items]
Tax expense	$ 13,000	$ 0
Loan Servicer
Concentration Risk [Line Items]
Other assets	$ 37,500,000

Commercial Real Estate Loan Investments - Schedule of Investments in Commercial Real Estate Loans (Details) - Commercial real estate loan investments - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2026	Dec. 31, 2025
Fair Value, Option, Quantitative Disclosures [Line Items]
Loan amount	$ 5,575,099	$ 5,055,649
Principal Balance Outstanding	5,193,289	4,695,199
Fair Value	$ 5,200,218	$ 4,702,728
Weighted Average Interest Rate (in percent)	6.33%	6.43%
Weighted Average Life (years)	3 years 10 months 2 days	3 years 10 months 28 days
Senior loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Loan amount	$ 5,545,099	$ 5,025,649
Principal Balance Outstanding	5,167,516	4,670,191
Fair Value	$ 5,174,445	$ 4,677,720
Weighted Average Interest Rate (in percent)	6.30%	6.40%
Weighted Average Life (years)	3 years 10 months 2 days	3 years 10 months 28 days
Mezzanine loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Loan amount	$ 30,000	$ 30,000
Principal Balance Outstanding	25,773	25,008
Fair Value	$ 25,773	$ 25,008
Weighted Average Interest Rate (in percent)	12.00%	12.00%
Weighted Average Life (years)	3 years 7 months 2 days	3 years 10 months 2 days

Commercial Real Estate Loan Investments - Schedule of Property Type And Geographic Distribution (Details) - Commercial real estate loan investments $ in Thousands, € in Millions, £ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2026 USD ($)	Dec. 31, 2025 USD ($)	Mar. 31, 2026 GBP (£)	Mar. 31, 2026 EUR (€)
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	$ 5,200,218	$ 4,702,728
Commercial Real Estate Loan Investments Benchmark \| Property Type Concentration Risk
Fair Value, Option, Quantitative Disclosures [Line Items]
Concentration risk (in percent)	100.00%	100.00%
Commercial Real Estate Loan Investments Benchmark \| Geographic Concentration Risk
Fair Value, Option, Quantitative Disclosures [Line Items]
Concentration risk (in percent)	100.00%	100.00%
United States
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	$ 4,392,836	$ 4,100,380
United States \| Commercial Real Estate Loan Investments Benchmark \| Geographic Concentration Risk
Fair Value, Option, Quantitative Disclosures [Line Items]
Concentration risk (in percent)	84.50%	87.20%
East
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	$ 1,447,748	$ 1,409,703
East \| Commercial Real Estate Loan Investments Benchmark \| Geographic Concentration Risk
Fair Value, Option, Quantitative Disclosures [Line Items]
Concentration risk (in percent)	27.90%	30.00%
South
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	$ 1,217,646	$ 1,107,282
South \| Commercial Real Estate Loan Investments Benchmark \| Geographic Concentration Risk
Fair Value, Option, Quantitative Disclosures [Line Items]
Concentration risk (in percent)	23.40%	23.50%
West
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	$ 1,129,770	$ 986,262
West \| Commercial Real Estate Loan Investments Benchmark \| Geographic Concentration Risk
Fair Value, Option, Quantitative Disclosures [Line Items]
Concentration risk (in percent)	21.70%	21.00%
Various U.S
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	$ 474,875	$ 474,366
Various U.S \| Commercial Real Estate Loan Investments Benchmark \| Geographic Concentration Risk
Fair Value, Option, Quantitative Disclosures [Line Items]
Concentration risk (in percent)	9.10%	10.10%
Midwest
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	$ 122,797	$ 122,767
Midwest \| Commercial Real Estate Loan Investments Benchmark \| Geographic Concentration Risk
Fair Value, Option, Quantitative Disclosures [Line Items]
Concentration risk (in percent)	2.40%	2.60%
Non-US
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	$ 807,382	$ 602,348
Non-US \| Commercial Real Estate Loan Investments Benchmark \| Geographic Concentration Risk
Fair Value, Option, Quantitative Disclosures [Line Items]
Concentration risk (in percent)	15.50%	12.80%
United Kingdom
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	$ 535,029	$ 324,365	£ 404.8
United Kingdom \| Commercial Real Estate Loan Investments Benchmark \| Geographic Concentration Risk
Fair Value, Option, Quantitative Disclosures [Line Items]
Concentration risk (in percent)	10.30%	6.90%
Europe
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	$ 272,353	$ 277,983
Europe \| Commercial Real Estate Loan Investments Benchmark \| Geographic Concentration Risk
Fair Value, Option, Quantitative Disclosures [Line Items]
Concentration risk (in percent)	5.20%	5.90%
France, Spain and Italy
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value \| €				€ 236.7
Multifamily
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	$ 2,750,140	$ 2,292,433
Multifamily \| Commercial Real Estate Loan Investments Benchmark \| Property Type Concentration Risk
Fair Value, Option, Quantitative Disclosures [Line Items]
Concentration risk (in percent)	52.90%	48.70%
Industrial
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	$ 1,889,528	$ 1,870,741
Industrial \| Commercial Real Estate Loan Investments Benchmark \| Property Type Concentration Risk
Fair Value, Option, Quantitative Disclosures [Line Items]
Concentration risk (in percent)	36.30%	39.80%
Student housing
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	$ 345,945	$ 343,204
Student housing \| Commercial Real Estate Loan Investments Benchmark \| Property Type Concentration Risk
Fair Value, Option, Quantitative Disclosures [Line Items]
Concentration risk (in percent)	6.70%	7.30%
Self-storage
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	$ 214,605	$ 196,350
Self-storage \| Commercial Real Estate Loan Investments Benchmark \| Property Type Concentration Risk
Fair Value, Option, Quantitative Disclosures [Line Items]
Concentration risk (in percent)	4.10%	4.20%

Borrowings - Schedule of Repurchase Agreement and Revolving Line of Credit Borrowings (Details) $ in Thousands, € in Millions, £ in Millions	Mar. 31, 2026 USD ($)	Mar. 31, 2026 EUR (€)	Mar. 31, 2026 GBP (£)	Dec. 31, 2025 USD ($)
Secured Debt
Debt Instrument [Line Items]
Amount Outstanding	$ 3,060,414
Secured Debt \| Line of Credit
Debt Instrument [Line Items]
Maximum Facility Size	4,579,440
Available Capacity	1,535,026
Amount Outstanding	3,044,414			$ 2,582,412
Fair Value	3,044,335			2,582,576
Secured Debt \| Term Lending Agreements
Debt Instrument [Line Items]
Amount Outstanding	223,397
Secured Debt \| Term Lending Agreements \| Line of Credit
Debt Instrument [Line Items]
Fair Value	$ 223,397			223,033
Secured Debt \| Term Lending Agreements \| Line of Credit \| INCREF Lending II
Debt Instrument [Line Items]
Weighted Average Interest rate (in percent)	5.94%	5.94%	5.94%
Maximum Facility Size	$ 300,000
Available Capacity	144,603
Amount Outstanding	155,397			155,027
Fair Value	$ 155,397			155,033
Secured Debt \| Term Lending Agreements \| Line of Credit \| INCREF Lending III
Debt Instrument [Line Items]
Weighted Average Interest rate (in percent)	5.17%	5.17%	5.17%
Maximum Facility Size	$ 72,840
Available Capacity	4,840
Amount Outstanding	68,000			68,000
Fair Value	$ 68,000			68,000
Secured Debt \| Secured Lending Agreements \| Line of Credit \| Morgan Stanley Bank
Debt Instrument [Line Items]
Weighted Average Interest rate (in percent)	5.33%	5.33%	5.33%
Maximum Facility Size	$ 750,000
Available Capacity	69,430
Amount Outstanding	680,570			713,335
Fair Value	$ 680,474			713,335
Secured Debt \| Secured Lending Agreements \| Line of Credit \| Citibank
Debt Instrument [Line Items]
Weighted Average Interest rate (in percent)	5.07%	5.07%	5.07%
Maximum Facility Size	$ 1,000,000
Available Capacity	417,996
Amount Outstanding	582,004			590,301
Fair Value	$ 582,004	€ 189.4	£ 192.8	590,401
Secured Debt \| Secured Lending Agreements \| Line of Credit \| Barclays
Debt Instrument [Line Items]
Weighted Average Interest rate (in percent)	5.15%	5.15%	5.15%
Maximum Facility Size	$ 500,000
Available Capacity	77,106
Amount Outstanding	422,894			328,897
Fair Value	$ 422,894			328,897
Secured Debt \| Secured Lending Agreements \| Line of Credit \| Wells Fargo
Debt Instrument [Line Items]
Weighted Average Interest rate (in percent)	5.16%	5.16%	5.16%
Maximum Facility Size	$ 1,200,000
Available Capacity	629,095
Amount Outstanding	570,905			340,663
Fair Value	$ 570,892		£ 125.0	340,664
Secured Debt \| Secured Lending Agreements \| Line of Credit \| Bank of Montreal
Debt Instrument [Line Items]
Weighted Average Interest rate (in percent)	5.00%	5.00%	5.00%
Maximum Facility Size	$ 256,600
Available Capacity	0
Amount Outstanding	256,600			256,600
Fair Value	$ 256,600			256,600
Secured Debt \| Secured Lending Agreements \| Line of Credit \| INCREF Repurchase I
Debt Instrument [Line Items]
Weighted Average Interest rate (in percent)	5.15%	5.15%	5.15%
Maximum Facility Size	$ 250,000
Available Capacity	74,964
Amount Outstanding	175,036			129,589
Fair Value	$ 175,066			129,646
Secured Debt \| Secured Lending Agreements \| Line of Credit \| INCREF Repurchase II
Debt Instrument [Line Items]
Weighted Average Interest rate (in percent)	5.12%	5.12%	5.12%
Maximum Facility Size	$ 250,000
Available Capacity	116,992
Amount Outstanding	133,008
Fair Value	133,008
Revolving Credit Facility
Debt Instrument [Line Items]
Amount Outstanding	$ 16,000
Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Weighted Average Interest rate (in percent)	6.57%	6.57%	6.57%
Maximum Facility Size	$ 162,000
Available Capacity	146,000
Amount Outstanding	16,000			55,000
Fair Value	$ 16,000			$ 55,000

Borrowings - Schedule of Net Exposure With Counterparties Where Amount At Risk Exceeded 10.0% of Stockholders’ Equity (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2026	Dec. 31, 2025
Line of Credit Facility [Line Items]
Net Counterparty Exposure	$ 693,727	$ 442,203
Weighted Average Life (in years)	3 years 2 months 1 day	3 years 5 months 12 days
Secured Debt
Line of Credit Facility [Line Items]
Outstanding Principal	$ 2,668,370	$ 1,715,263
Morgan Stanley Bank
Line of Credit Facility [Line Items]
Net Counterparty Exposure	$ 176,662	$ 186,066
Weighted Average Life (in years)	2 years 8 months 4 days	2 years 11 months 1 day
Morgan Stanley Bank \| Secured Debt
Line of Credit Facility [Line Items]
Outstanding Principal	$ 680,570	$ 713,335
Citibank
Line of Credit Facility [Line Items]
Net Counterparty Exposure	$ 145,501	$ 148,674
Weighted Average Life (in years)	3 years 3 months 25 days	3 years 6 months 21 days
Citibank \| Secured Debt
Line of Credit Facility [Line Items]
Outstanding Principal	$ 582,004	$ 590,301
Bank of Montreal
Line of Credit Facility [Line Items]
Net Counterparty Exposure	$ 107,449	$ 107,463
Weighted Average Life (in years)	3 years 11 months 8 days	4 years 2 months 4 days
Bank of Montreal \| Secured Debt
Line of Credit Facility [Line Items]
Outstanding Principal	$ 411,997	$ 411,627
Barclays
Line of Credit Facility [Line Items]
Net Counterparty Exposure	$ 107,993
Weighted Average Life (in years)	3 years 25 days
Barclays \| Secured Debt
Line of Credit Facility [Line Items]
Outstanding Principal	$ 422,894
Wells Fargo
Line of Credit Facility [Line Items]
Net Counterparty Exposure	$ 156,122
Weighted Average Life (in years)	3 years 1 month 24 days
Wells Fargo \| Secured Debt
Line of Credit Facility [Line Items]
Outstanding Principal	$ 570,905

Collateralized Loan Obligations - Schedule of Collateralized Loan Obligations (Details) - Collateralized loan obligations $ in Thousands	Mar. 31, 2026 USD ($) instrument	Dec. 31, 2025 USD ($)	May 31, 2025 USD ($)
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Weighted Average Interest Rate (in percent)	5.63%
Facility, Amount Outstanding	$ 998,234
Facility, Fair Value	$ 1,004,858	$ 1,005,157
Asset Pledged as Collateral
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Collateral, Count \| instrument	29
Collateral, Principal Balance Outstanding	$ 1,180,591
Collateral, Fair Value	$ 1,187,520		$ 1,200,000

Collateralized Loan Obligations - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	May 31, 2025
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Interest expense	$ 51,619	$ 31,297
Collateralized loan obligations
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Face amount of notes			$ 1,200,000
Retention			219,100
Discount	2,500
Interest expense	14,700
Collateralized loan obligations \| Asset Pledged as Collateral
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Collateral at fair value	1,187,520		$ 1,200,000
Proceeds from issuance of collateralized loan obligations	$ 995,700

Derivatives and Hedging Activities - Schedule of Unrealized Foreign Exchange Impact Recognized In Condensed Consolidated Statements Of Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unrealized foreign exchange gain (loss) on secured financing facilities	$ 10,142	$ (8,474)
Gain (loss) on foreign currency transactions, net	(466)	9
Gain (loss) on derivative instruments, net	6,259	(2,180)
Commercial real estate loan investments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unrealized foreign exchange gain (loss) on loans	(16,230)	12,680
Foreign Exchange Forward
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) on derivative instruments, net	6,259	(2,180)
Foreign Exchange Forward \| Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unrealized foreign exchange gain (loss) on secured financing facilities	9,899	(8,669)
Gain (loss) on foreign currency transactions, net	(466)	9
Gain (loss) on derivative instruments, net	6,259	(2,180)
Net impact of hedged foreign exchange	64	(16)
Foreign Exchange Forward \| Commercial real estate loan investments \| Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unrealized foreign exchange gain (loss) on loans	$ (15,628)	$ 10,824

Derivatives and Hedging Activities - Schedule of Fair Value of our Currency Forward Contracts (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative assets	$ 3,134	$ 615
Derivative liabilities	838	1,992
Foreign Exchange Forward \| Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative assets	3,134	615
Derivative liabilities	$ 838	$ 1,992

Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured At Fair Value On A Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Assets:
Derivative assets, at fair value	$ 3,134	$ 615
Total assets	5,220,574	4,718,161
Liabilities:
Derivative liabilities, at fair value	838	1,992
Total liabilities	4,066,031	3,644,725
Secured Debt \| Line of Credit
Liabilities:
Borrowings	3,044,335	2,582,576
Secured Debt \| Secured Lending Agreements \| Line of Credit
Liabilities:
Borrowings	2,820,938	2,359,543
Secured Debt \| Term Lending Agreements \| Line of Credit
Liabilities:
Borrowings	223,397	223,033
Revolving Credit Facility \| Line of Credit
Liabilities:
Borrowings	16,000	55,000
Commercial real estate loan investments
Assets:
Fair value, option, assets	5,200,218	4,702,728
Real estate-related securities
Assets:
Fair value, option, assets	17,222	14,818
Collateralized loan obligations
Liabilities:
Fair Value	1,004,858	1,005,157
Level 1
Assets:
Derivative assets, at fair value	0	0
Total assets	0	0
Liabilities:
Derivative liabilities, at fair value	0	0
Total liabilities	0	0
Level 1 \| Secured Debt \| Secured Lending Agreements \| Line of Credit
Liabilities:
Borrowings	0	0
Level 1 \| Secured Debt \| Term Lending Agreements \| Line of Credit
Liabilities:
Borrowings	0	0
Level 1 \| Revolving Credit Facility \| Line of Credit
Liabilities:
Borrowings	0	0
Level 1 \| Commercial real estate loan investments
Assets:
Fair value, option, assets	0	0
Level 1 \| Real estate-related securities
Assets:
Fair value, option, assets	0	0
Level 1 \| Collateralized loan obligations
Liabilities:
Fair Value	0	0
Level 2
Assets:
Derivative assets, at fair value	3,134	615
Total assets	20,356	15,433
Liabilities:
Derivative liabilities, at fair value	838	1,992
Total liabilities	1,005,696	1,007,149
Level 2 \| Secured Debt \| Secured Lending Agreements \| Line of Credit
Liabilities:
Borrowings	0	0
Level 2 \| Secured Debt \| Term Lending Agreements \| Line of Credit
Liabilities:
Borrowings	0	0
Level 2 \| Revolving Credit Facility \| Line of Credit
Liabilities:
Borrowings	0	0
Level 2 \| Commercial real estate loan investments
Assets:
Fair value, option, assets	0	0
Level 2 \| Real estate-related securities
Assets:
Fair value, option, assets	17,222	14,818
Level 2 \| Collateralized loan obligations
Liabilities:
Fair Value	1,004,858	1,005,157
Level 3
Assets:
Derivative assets, at fair value	0	0
Total assets	5,200,218	4,702,728
Liabilities:
Derivative liabilities, at fair value	0	0
Total liabilities	3,060,335	2,637,576
Level 3 \| Secured Debt \| Secured Lending Agreements \| Line of Credit
Liabilities:
Borrowings	2,820,938	2,359,543
Level 3 \| Secured Debt \| Term Lending Agreements \| Line of Credit
Liabilities:
Borrowings	223,397	223,033
Level 3 \| Revolving Credit Facility \| Line of Credit
Liabilities:
Borrowings	16,000	55,000
Level 3 \| Commercial real estate loan investments
Assets:
Fair value, option, assets	5,200,218	4,702,728
Level 3 \| Real estate-related securities
Assets:
Fair value, option, assets	0	0
Level 3 \| Collateralized loan obligations
Liabilities:
Fair Value	$ 0	$ 0

Fair Value of Financial Instruments - Schedule of Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Foreign currency translation adjustment	$ (71)	$ 26
Revolving Credit Facility \| Long-Term Debt \| Line of Credit
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	55,000
Proceeds	220,000
Repayments	(259,000)
Net unrealized (gain) loss	0
Ending Balance	16,000
Secured Debt \| Long-Term Debt \| Line of Credit
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	2,582,576
Proceeds	506,497
Repayments	(34,596)
Net unrealized (gain) loss	(243)
Unrealized foreign currency (gain) loss	(9,899)
Ending Balance	3,044,335
Secured Debt \| Secured Lending Agreements \| Long-Term Debt \| Line of Credit
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	2,359,543
Proceeds	506,127
Repayments	(34,596)
Net unrealized (gain) loss	(237)
Unrealized foreign currency (gain) loss	(9,899)
Ending Balance	2,820,938
Secured Debt \| Term Lending Agreements \| Long-Term Debt \| Line of Credit
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	223,033
Proceeds	370
Repayments	0
Net unrealized (gain) loss	(6)
Unrealized foreign currency (gain) loss	0
Ending Balance	223,397
Commercial real estate loan investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	4,702,728
Loan originations and fundings	595,601
Loan principal payments	(81,880)
Net unrealized gain (loss)	(602)
Foreign currency translation adjustment	(15,629)
Ending Balance	$ 5,200,218

Fair Value of Financial Instruments - Schedule of Significant Unobservable Inputs (Details) - Valuation Technique, Discounted cash flow	Mar. 31, 2026 USD ($) yr	Dec. 31, 2025 USD ($) yr
Collateralized loan obligations
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 1,100,000,000	$ 1,100,000,000
Commercial real estate loan investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	4,093,348,000	3,558,722,000
Commercial real estate loan investments \| Instruments Other Than Collateralized Loan Obligations
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	4,000,000,000.0	3,500,000,000
Commercial real estate loan investments \| Collateralized loan obligations
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 80,700,000	$ 80,700,000
Weighted Average Life (years) \| Long-Term Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Repurchase agreements, measurement input \| yr	0.22	0.28
Weighted Average Life (years) \| Commercial real estate loan investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Commercial loans, measurement input \| yr	0.25	0.31
Weighted Average \| Discount rate \| Long-Term Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Repurchase agreements, measurement input	0.0518	0.0529
Weighted Average \| Discount rate \| Commercial real estate loan investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Commercial loans, measurement input	0.0623	0.0636
Minimum \| Discount rate \| Long-Term Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Repurchase agreements, measurement input	0.0413	0.0412
Minimum \| Discount rate \| Commercial real estate loan investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Commercial loans, measurement input	0.0515	0.0514
Maximum \| Discount rate \| Long-Term Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Repurchase agreements, measurement input	0.0592	0.0604
Maximum \| Discount rate \| Commercial real estate loan investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Commercial loans, measurement input	0.1132	0.1144

Accounts Payable, Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025
Payables and Accruals [Abstract]
Accounts payable and accrued expenses	$ 5,098	$ 1,828
Subscriptions paid in advance	32,095	27,886
Accrued common stock repurchases	6,244	905	$ 0
Other liabilities	1,953	907
Total	$ 45,390	$ 31,526

Related Party Transactions - Schedule of Components of Due to Affiliates (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Related Party Transaction [Line Items]
Other liabilities	$ 42,545	$ 47,261
Affiliated Entity
Related Party Transaction [Line Items]
Other liabilities	42,545	47,261
Affiliated Entity \| Advanced organizational, offering and operating expenses
Related Party Transaction [Line Items]
Other liabilities	10,034	10,870
Affiliated Entity \| Reimbursable operating expenses
Related Party Transaction [Line Items]
Other liabilities	2,543	2,845
Affiliated Entity \| Adviser commitment fee payable
Related Party Transaction [Line Items]
Other liabilities	1,463	4,019
Affiliated Entity \| Stockholder servicing fees
Related Party Transaction [Line Items]
Other liabilities	24,701	22,723
Affiliated Entity \| Management fees
Related Party Transaction [Line Items]
Other liabilities	2,218	1,990
Affiliated Entity \| Performance fees
Related Party Transaction [Line Items]
Other liabilities	$ 1,586	$ 4,814

Related Party Transactions - Narrative (Details) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Mar. 31, 2026 USD ($) shares	Mar. 31, 2025 USD ($)	Mar. 31, 2026 USD ($) fiscalQuarter	Dec. 31, 2025 USD ($)
Related Party Transaction [Line Items]
Other liabilities		$ 42,545		$ 42,545	$ 47,261
Advisory agreement, automatic renewals, term per renewal (in years)		1 year
Termination fee, average annual management fee, multiplier		3
Termination fee, term before termination (in months)		24 months
Affiliated Entity
Related Party Transaction [Line Items]
Other liabilities		$ 42,545		42,545	47,261
Affiliated Entity \| Advanced organizational, offering and operating expenses
Related Party Transaction [Line Items]
Other liabilities		10,034		10,034	$ 10,870
Adviser
Related Party Transaction [Line Items]
Management fees		2,200
Accrued management fees		2,200		2,200
Performance fees		1,600
Accrued performance fees		$ 1,600		$ 1,600
Adviser \| Subsidiaries
Related Party Transaction [Line Items]
Organization and offering expenses, reimbursement term (in months)	52 months
Operating expenses reimbursement, average invested assets (in percent)		2.00%		2.00%
Operating expenses reimbursement, net income (in percent)		25.00%		25.00%
Reimbursement period, number of consecutive quarters \| fiscalQuarter				4
Adviser commitment fee, base rate (in percent)		0.50
Adviser commitment fee, base rate, loan origination (in percent)		0.005
Management and service fees, base rate (in percent)		1.00%
Management and service fees, incentive rate (in percent)		10.00%
Support personnel costs		$ 700	$ 600
Adviser \| Subsidiaries \| Class F Common Stock
Related Party Transaction [Line Items]
Management and service fees, base rate (in percent)		10.00%
Management and service fees, incentive rate (in percent)		6.00%
Performance fee, period to measure performance fee income		2 years
Adviser \| Subsidiaries \| Class E Redeemable Common Stock
Related Party Transaction [Line Items]
Issuance of redeemable common stock, management fees (in shares) \| shares		77,219
Issuance of redeemable common stock, performance fees (in shares) \| shares		186,805
Dealer Manager \| Affiliated Entity \| Common Class S And Class D
Related Party Transaction [Line Items]
Gross proceeds from sale of shares (in percent)		8.75%
Dealer Manager, Certain Participating Broker Dealers \| Affiliated Entity \| Common Class S And Class D
Related Party Transaction [Line Items]
Gross proceeds from sale of shares (in percent)		7.75%

Redeemable Common Stock - Related Party - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2026 USD ($) shares
Affiliated Entity \| Invesco Subscription Agreement
Temporary Equity [Line Items]
Maximum purchase commitment	$ 300,000
Capital callable under purchase commitment	150,000
Additional capital callable under purchase commitment	150,000
Called capital under purchase commitment	120,000
Stock repurchase, minimum net asset value threshold to submit	1,500,000
Amount of shares to be held by related party	$ 200
Subsidiaries \| Adviser \| Class E Redeemable Common Stock
Temporary Equity [Line Items]
Issuance of redeemable common stock, management fees (in shares) \| shares	77,219
Issuance of redeemable common stock, performance fees (in shares) \| shares	186,805

Redeemable Common Stock - Related Party - Schedule of Changes In Redeemable Common Stock (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance	$ 127,691	$ 151,367
Issuance of redeemable common stock	6,804	2,814
Repurchase of redeemable common stock	(2,848)	(30,000)
Adjustment to the carrying value of redeemable common stock	100	160
Ending balance	131,747	124,341
Class S Redeemable Common Stock
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance	30,027	37,554
Issuance of redeemable common stock	0	0
Repurchase of redeemable common stock	0	(7,500)
Adjustment to the carrying value of redeemable common stock	0	(4)
Ending balance	30,027	30,050
Class D Redeemable Common Stock
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance	30,027	37,554
Issuance of redeemable common stock	0	0
Repurchase of redeemable common stock	0	(7,500)
Adjustment to the carrying value of redeemable common stock	0	(5)
Ending balance	30,027	30,049
Class I Redeemable Common Stock
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance	30,023	37,565
Issuance of redeemable common stock	0	0
Repurchase of redeemable common stock	0	(7,500)
Adjustment to the carrying value of redeemable common stock	0	(1)
Ending balance	30,023	30,064
Class E Redeemable Common Stock
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance	37,614	38,694
Issuance of redeemable common stock	6,804	2,814
Repurchase of redeemable common stock	(2,848)	(7,500)
Adjustment to the carrying value of redeemable common stock	100	170
Ending balance	$ 41,670	$ 34,178

Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended
	Jan. 29, 2026	Jan. 31, 2025	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Class of Stock [Line Items]
Issuance and redemption costs of redeemed preferred stock			$ 0	$ 27
Dividends			21,100	12,900
Dividends and distributions payable			7,277	$ 4,300	$ 6,536
Share repurchase plan participation, NAV threshold			$ 1,500,000
Repurchase of common stock (in shares)			774,158	30,733
Repurchase of common stock			$ 19,312	$ 754
2023 Equity Incentive Plan
Class of Stock [Line Items]
Share-based compensation, shares available for grant (in shares)			1,083,889	1,093,671
Related Party
Class of Stock [Line Items]
Dividends and distributions payable			$ 828	$ 800	$ 804
Private Placement
Class of Stock [Line Items]
Redeemed during period (in shares)		228
Stapled Units \| Private Placement
Class of Stock [Line Items]
Redeemed during period (in shares)		111
New Stapled Units \| Private Placement
Class of Stock [Line Items]
Redeemed during period (in shares)		117
Series A Preferred Stock
Class of Stock [Line Items]
Preferred stock, dividend rate (in percent)		12.50%
Redemption price per share (in dollars per share)			$ 1,000
Liquidation preference (in dollars per share)		$ 1,000
Dividend rate, per annum (in dollars per share)		$ 125.00
Series A Preferred Stock \| Subsidiaries
Class of Stock [Line Items]
Preferred stock, dividend rate (in percent)	12.00%
Liquidation preference (in dollars per share)	$ 1,000
Preferred stock, issued (in shares)	125
Preferred stock, par value (in dollars per share)	$ 0.01
Series A Preferred Stock \| Private Placement
Class of Stock [Line Items]
Redeemed during period (in shares)		1
Preferred stock, dividend rate (in percent)		12.50%
Proceeds from issuance of private placement		$ 232
Class S Common Stock \| Private Placement
Class of Stock [Line Items]
Redeemed during period (in shares)		1
Class D Common Stock \| Private Placement
Class of Stock [Line Items]
Redeemed during period (in shares)		1
Class I Common Stock \| Private Placement
Class of Stock [Line Items]
Redeemed during period (in shares)		1
Class S-1 Common Stock \| Private Placement
Class of Stock [Line Items]
Redeemed during period (in shares)		1
Class E Common Stock \| Restricted Stock \| 2023 Equity Incentive Plan
Class of Stock [Line Items]
Share-based compensation expense			$ 62	$ 19

Earnings per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Earnings Per Share [Abstract]
Net income (loss) available to common stockholders	$ 19,713	$ 11,635
Weighted average common shares outstanding (in shares)	46,541,642	27,233,292
Effect of dilutive restricted stock awards (in shares)	225	76
Diluted weighted average common shares outstanding (in shares)	46,541,867	27,233,368
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.42	$ 0.43
Diluted (in dollars per share)	$ 0.42	$ 0.43