The following table summarizes the Company’s REO assets as of December 31, 2020:
Acquisition Date |
|
Property Type |
|
Primary Location(s) |
|
Building and Improvements |
|
|
Furniture, Fixtures and Equipment |
|
|
Accumulated Depreciation |
|
|
Real Estate Owned, Net |
|
August 2020 (1)(2) |
|
Hotel |
|
Chicago, IL |
|
$ |
26,683 |
|
|
$ |
6,196 |
|
|
$ |
(405 |
) |
|
$ |
32,474 |
|
(1) |
Refer to Note 2 – “Summary of Significant Accounting Policies” for useful life of the above assets. |
(2) |
Represents hotel ground lease interest acquired by the Company by completing a deed-in-lieu of foreclosure transaction. |
|