v3.26.1
REAL ESTATE-RELATED SECURITIES AND OTHER - Schedule of Real Estate Securities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]      
Amortized Cost Basis $ 391,277    
Gains 283    
Losses (40,250)    
CECL (182,104) $ (110,062) $ (35,808)
Fair Value 169,206 345,828 519,714
CMBS      
Debt Securities, Available-for-sale [Line Items]      
Amortized Cost Basis 305,610    
Gains 283    
Losses (12,027)    
CECL (182,104) $ (110,062) $ (35,808)
Fair Value 111,762    
CLO subordinated note      
Debt Securities, Available-for-sale [Line Items]      
Amortized Cost Basis 27,220    
Gains 0    
Losses (7,665)    
CECL 0    
Fair Value 19,555    
Equity securities      
Debt Securities, Available-for-sale [Line Items]      
Amortized Cost Basis 58,447    
Gains 0    
Losses (20,558)    
CECL 0    
Fair Value $ 37,889