- About Us
- Corporate Responsibility
Our Portfolio is comprised of a diverse set of commercial real estate (“CRE”) assets across the capital structure, including senior mortgage loans, mezzanine loans, net leased real estate and other real estate properties and CRE debt securities.
We believe the scale of our Portfolio provides a competitive advantage by providing significant portfolio diversification, economies of scale and exposure to proprietary transactions.
Portfolio information based on gross book value at our share as of September 30, 2022 (includes the impact of accumulated depreciation and amortization and excludes the impact of general CECL reserves) and excludes CRE debt securities, except, in the case of the "Investment Type” chart, which is based on net book value at our share and includes CRE debt securities. Metrics shown were not prepared in accordance with U.S. GAAP.
(1) Consists of senior and mezzanine loans.
(2) CRE debt securities includes both investment grade and non-investment grade CMBS bonds and our net equity position in consolidated securitization trusts that the Company owns a controlling class of securities. The securitization assets are presented net of the impact from consolidation. In addition, CRE debt securities includes $3 million of book value at our share related to one real estate private equity interest.