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Real Estate Securities
12 Months Ended
Dec. 31, 2021
Investments Debt And Equity Securities [Abstract]  
Real Estate Securities

Note 4 – Real Estate Securities

The Company classified its real estate securities as available-for-sale. These investments were reported at fair value in the consolidated balance sheets with changes in fair value recorded in other income or loss in the consolidated statements of operations. The Company did not hold any real estate securities at December 31, 2021 or 2020 as all of the real estate securities were sold during the year ended December 31, 2020.

During the year ended December 31, 2020, the Company sold all of its CMBS, generating proceeds of $121,189 and a realized loss of $35,020. At December 31, 2019, the Company held 17 CMBS with a total carrying value of $157,869 with a total net unrealized loss of $211. The Company had $43 of realized losses during the year ended December 31, 2019.