12.     Partnership Investment

On February 22, 2021, the Company committed to a $3 million investment, representing approximately a 7.6% ownership interest as of the commitment date, in a commercial real estate finance company that provides debt capital solutions to local and regional commercial real estate owners in the Northeastern United States. As of September 30, 2021, the Company’s outstanding investment totaled approximately $1.8 million. The Company’s withdrawal from the partnership may only be granted by the manager. For the nine months ended September 30, 2021, the Company earned approximately $90,000 on the investment. The Company uses the cost method of accounting to account for this investment.