We actively manage real estate and other investments. Our investments are primarily secured by or related to commercial real estate.
At June 30, 2016, the real estate debt portfolio asset face amount was $649 million, or fair value of $648 million, as detailed below:
$220 million face amount of non-agency assets, or $195 million fair value
$429 million face amount of agency assets, or $453 million fair value
Real Estate Debt Portfolio
|Face Amount||Fair Value|
|Real Estate Debt Portfolio||$649||100||$648|
(1) As of June 30, 2016.
(2) Non-Agency Assets excludes the face amount of $73 million of assets that were valued at zero as of June 30, 2016.
More detailed information about our business is included in our reports filed with the Securities and Exchange Commission (SEC). These reports describe, among other things, certain risks that could have a material adverse impact on our ability to achieve our business objectives, realize our expected investment returns, and pay dividends. We urge you to review these risks and the other information in our SEC reports.