REAL ESTATE-RELATED SECURITIES AND OTHER - Schedule of Activity for the Real Estate-Related Securities (Details) - USD ($) $ in Thousands	3 Months Ended
Mar. 31, 2026	Mar. 31, 2025
Amortized Cost Basis
Beginning balance	$ 391,277
Accretion of discount on real estate-related securities	330
Accretion of interest income on CLO subordinated note	1,012	$ 1,028
Capitalized interest income on real estate-related securities	326
Principal payments received on real estate-related securities	(513)
Proceeds from the repayment on the CLO subordinated note	1,092	2,342
Ending balance	391,340
Unrealized (Loss) Gain
Beginning balance	(39,967)
Unrealized loss on real estate-related securities and other, net	1,500
Ending balance	(41,459)
CECL
Beginning balance	(182,104)
Provision for credit losses	(195)
Ending balance	(182,299)
Fair Value
Beginning balance	169,206
Accretion of discount on real estate-related securities	330
Accretion of interest income on CLO subordinated note	1,012	1,028
Capitalized interest income on real estate-related securities	326
Principal payments received on real estate-related securities	(513)
Proceeds from the repayment on the CLO subordinated note	1,092	$ 2,342
Unrealized loss on real estate-related securities and other, net	1,500
Provision for credit losses	(195)
Ending balance	167,582
CLO subordinated note
Amortized Cost Basis
Proceeds from the repayment on the CLO subordinated note	(1,092)
CECL
Ending balance	0
Fair Value
Proceeds from the repayment on the CLO subordinated note	(1,092)
Ending balance	17,337
CMBS and CLO Subordinated Note
Unrealized (Loss) Gain
Unrealized loss on real estate-related securities and other, net	1,492
Fair Value
Unrealized loss on real estate-related securities and other, net	1,492
Ending balance	$ 115,892

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Real Estate Securities, Capitalized Interest

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Amount of unrealized loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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-Topic 320
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Amount, before tax, of unrealized gain (loss) in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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-Topic 326
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Amount excluding accrued interest, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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Amount, excluding accrued interest, of credit loss expense on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) transferred into available-for-sale out of investment in debt security measured at amortized cost (held-to-maturity).

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