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"markdown": "\n\n<::\n: pie chart::>\n\nCenter: $5.3B Investment Assets + Unrestricted Cash\n\nCRE Loans: $2,245 (42%)\n- >99% senior secured first mortgages\n- ~$25M-$30M avg. loan size\n- 69% W.A. LTV\n- >95% post-COVID originations\n\nCRE Equity: $966 (18%)\n- $596M net lease (62% of CRE equity)\n- 149 properties\n- ~7-year avg. remaining lease term\n- ~61% IG-rated tenants\n- $38M in-place annual NOI\n\nCRE Securities: $2,088 (39%)\n- 99% IG-rated\n- 97% AAA-rated\n- <3.0-year W.A. duration\n- <$15M avg. investment per CUSIP\n\nUnrestricted Cash & Cash Equivalents: $38 (1%)\n\nLIQUIDITY\n- $608M of liquidity:\n - $38M of unrestricted cash & equivalents\n - $850M unsecured corporate revolver ($570M undrawn)\n",
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