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 "markdown": "CECL TREND ANALYSIS CHART\n\n\nSince 2Q24, market liquidity and volatility in the commercial real estate sector have caused a decrease in the CECL reserves to 0.88% at 1Q26\n\n\n<figure type=\"CHART\">\n\n<description>The image displays a combo chart tracking two metrics over time: the composition of a Commercial Real Estate (CRE) Loan Portfolio (as a percentage) and the Current Expected Credit Losses (CECL) Reserve percentage. The x-axis represents quarters from 2Q24 to 1Q26. The left y-axis represents the percentage of the CRE Loan Portfolio (0% to 100%), and the right y-axis represents the CECL Reserve % (0.00% to 3.00%). The data is visualized using clustered bars and a line graph. The dark green bars represent 'Multifamily %' and the light green bars represent 'All Other %'. A light blue line tracks the 'CECL Reserve %' over time.</description> <table><thead><tr><th>Quarter</th><th>Multifamily %</th><th>All Other %</th><th>CECL Reserve %</th></tr></thead><tbody><tr><td>2Q24</td><td>79%</td><td>21%</td><td>~2.1%</td></tr><tr><td>3Q24</td><td>79%</td><td>21%</td><td>~2.3%</td></tr><tr><td>4Q24</td><td>77%</td><td>23%</td><td>~2.3%</td></tr><tr><td>1Q25</td><td>77%</td><td>23%</td><td>~2.4%</td></tr><tr><td>2Q25</td><td>75%</td><td>25%</td><td>~2.25%</td></tr><tr><td>3Q25</td><td>75%</td><td>25%</td><td>~2.0%</td></tr><tr><td>4Q25</td><td>82%</td><td>18%</td><td>~1.2%</td></tr><tr><td>1Q26</td><td>81%</td><td>19%</td><td>~0.9%</td></tr></tbody></table></figure>\n\nA\n\n\n<sup>1</sup> Property type percentages based on total carrying value of the CRE loans, CECL reserve percentage is based on the total par value of the CRE loans\n\n\nACRESREIT.COM (18)\n\n<!-- doc_id=parse-01m2p09w5d39gtqmz4s6n37khm -->",
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