| Summary of Net Loans Receivable and Investments |
The following is a summary of our loans receivable and investments, net (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortized Cost | | Allowance | | | | Carrying Amount | | Fair Value | As of March 31, 2026: | | | | | | | | | | Net real estate investments | | | | | | | | | | Secured loans receivable and investments, net (1) | $ | 137,374 | | | $ | — | | | | | $ | 137,374 | | | $ | 140,698 | | Other assets | | | | | | | | | | Non-mortgage loans receivable, net | 24,014 | | | (3,235) | | | | | 20,778 | | | 19,659 | | Total loans receivable and investments, net (2) | $ | 161,388 | | | $ | (3,235) | | | | | $ | 158,152 | | | $ | 160,357 | | As of December 31, 2025: | | | | | | | | | | Net real estate investments | | | | | | | | | | Secured loans receivable and investments, net (1) | $ | 143,913 | | | $ | — | | | | | $ | 143,913 | | | $ | 146,364 | | Other assets | | | | | | | | | | Non-mortgage loans receivable, net | 24,062 | | | (3,235) | | | | | 20,827 | | | 20,432 | | Total loans receivable and investments, net (2) | $ | 167,975 | | | $ | (3,235) | | | | | $ | 164,740 | | | $ | 166,796 | |
______________________________ (1)Includes $0.7 million and $0.8 million of sales-type lease receivables as of March 31, 2026 and December 31, 2025, respectively. (2)Loans receivable and investments, net have contractual maturities ranging from 2026 to 2041.
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