v3.26.1
REAL ESTATE-RELATED SECURITIES AND OTHER - Schedule of Real Estate Securities (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Debt Securities, Available-for-sale [Line Items]        
Amortized Cost Basis $ 391,340      
Gains 75      
Losses (41,534)      
CECL (182,299) $ (182,104)    
Fair Value 167,582 169,206    
CMBS        
Debt Securities, Available-for-sale [Line Items]        
Amortized Cost Basis 305,754      
Gains 75      
Losses (14,491)      
CECL (182,299) $ (182,104) $ (182,328) $ (110,062)
Fair Value 109,039      
CLO subordinated note        
Debt Securities, Available-for-sale [Line Items]        
Amortized Cost Basis 27,139      
Gains 0      
Losses (9,802)      
CECL 0      
Fair Value 17,337      
Equity securities        
Debt Securities, Available-for-sale [Line Items]        
Amortized Cost Basis 58,447      
Gains 0      
Losses (17,241)      
CECL 0      
Fair Value $ 41,206