We actively manage real estate and other investments. Our investments are primarily secured by or related to commercial real estate.
At March 31, 2016, including the $19 million sale of a real estate mezzanine loan in April 2016, the real estate debt portfolio asset face amount was $640 million, or fair value of $566 million, as detailed below:
$277 million face amount of non-agency assets, or $185 million fair value
$363 million face amount of agency assets, or $381 million fair value
Real Estate Debt Portfolio
|Face Amount||Fair Value|
|Real Estate Debt Portfolio||$640||88||$566|
(1) Assets and Fair Value as of March 31, 2016, including the sale of a $19 million real estate mezzanine loan in April 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.