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Real Estate Owned (Tables)
6 Months Ended
Jun. 30, 2023
Real Estate [Abstract]  
Real Estate Owned
The following table summarizes the Company's real estate owned, held for investment assets as of June 30, 2023 (dollars in thousands):
As of June 30, 2023
Acquisition Date (1)
Property TypePrimary Location(s)LandBuilding and ImprovementsFurniture, Fixtures and EquipmentAccumulated DepreciationReal Estate Owned, net
September 2021IndustrialJeffersonville, GA$3,436 $84,259 $2,928 $(4,028)$86,595 
Various (2)
RetailVarious20,113 73,368 — (824)92,657 
$23,549 $157,627 $2,928 $(4,852)$179,252 
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See notes below.
The following table summarizes the Company's real estate owned, held for investment assets as of December 31, 2022 (dollars in thousands):
As of December 31, 2022
Acquisition Date (1)
Property TypePrimary Location(s)LandBuilding and ImprovementsFurniture, Fixtures and EquipmentAccumulated DepreciationReal Estate Owned, net
September 2021IndustrialJeffersonville, GA$3,436 $84,259 $2,928 $(2,877)$87,746 
Various (2)
RetailVarious9,105 31,036 — (115)40,026 
$12,541 $115,295 $2,928 $(2,992)$127,772 
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(1) Refer to Note 2 for the useful life of the above assets.
(2) As discussed below, 24 and ten retail properties associated with the loan secured by the Walgreen's Portfolio were foreclosed upon as of June 30, 2023 and December 31, 2022, respectively. The properties are located throughout the United States of America.