v3.25.2
REAL ESTATE-RELATED SECURITIES AND OTHER - Narrative (Details)
6 Months Ended 12 Months Ended
Jun. 30, 2025
USD ($)
security
position
tranche
Jun. 30, 2024
USD ($)
tranche
Dec. 31, 2024
Dec. 31, 2023
tranche
Debt Instrument [Line Items]        
Sale of real estate-related securities $ (44,026,000)      
Sale of real estate-related securities (43,616,000)      
Sale of real estate-related securities (410,000)      
Unrealized gain (loss) on real estate-related securities (1,600,000)      
Unrealized loss on real estate-related securities and other 71,022,000 $ 22,200,000    
(Reversal of) provision for credit losses (97,388,000)      
CMBS        
Debt Instrument [Line Items]        
Debt security $ 295,200,000      
Number of positions | security 15      
Number of debt and equity instruments 1     1
Stated interest rate 0.00%      
Unrealized gain (loss) on real estate-related securities $ (843,000) $ (6,600,000)    
Number of tranches | tranche 2 2    
(Reversal of) provision for credit losses $ 2,200,000 $ 4,300,000    
Unrealized loss from other comprehensive income 71,000,000.0      
Amortized cost basis $ 192,800,000      
Number of positions with unrealized losses | position 5      
CMBS | Comprehensive Income        
Debt Instrument [Line Items]        
Unrealized loss from other comprehensive income $ 80,000,000      
CMBS | Exercise of extension options        
Debt Instrument [Line Items]        
Stated interest rate     0.019%  
Term of extension option (in months)     6 months  
CMBS | Minimum        
Debt Instrument [Line Items]        
Stated interest rate 0.20%      
CMBS | Maximum        
Debt Instrument [Line Items]        
Stated interest rate 11.70%      
CLO subordinated note        
Debt Instrument [Line Items]        
Number of debt and equity instruments | security 1      
Weighted-average interest rate 15.20%      
Unrealized gain (loss) on real estate-related securities $ (2,000,000.0)      
Number of positions with unrealized losses | position 1      
CLO subordinated note | Comprehensive Income        
Debt Instrument [Line Items]        
Unrealized loss from other comprehensive income $ 23,100,000      
Equity securities        
Debt Instrument [Line Items]        
Number of debt and equity instruments | security 4      
Unrealized gain (loss) on real estate-related securities $ 1,200,000      
Unrealized loss on real estate-related securities and other   $ 15,600,000