REAL ESTATE EQUITY SECURITIES

12 Months Ended

Dec. 31, 2022

Investments, Debt and Equity Securities [Abstract]

REAL ESTATE EQUITY SECURITIES

REAL ESTATE EQUITY SECURITIESAs of December 31, 2022, the Company owned three investments in real estate equity securities. The following summarizes the portion of gain and loss for the period related to real estate equity securities held during the years ended December 31, 2022 and 2021 (in thousands):

	For the Years Ended December 31,
	2022		2021
Net (loss) gain recognized during the period on real estate equity securities	$	(51,943)	$	28,632
Less: Net gain recognized during the period on real estate equity securities sold during the period	—		3,036
Unrealized (loss) gain recognized during the reporting period on real estate equity securities still held at period end	$	(51,943)	$	25,596

During the years ended December 31, 2022, 2021 and 2020, the Company recognized $5.6 million, $9.7 million and $5.3 million, respectively, of dividend income from real estate equity securities.