v3.26.1
REAL ESTATE-RELATED SECURITIES AND OTHER - Schedule of Maturities of the Company’s CMBS (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
tranche
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Amortized Cost      
Total $ 391,277    
Estimated Fair Value      
Total 169,206 $ 345,828 $ 519,714
CMBS and CLO Subordinated Note      
Amortized Cost      
Due within one year 43,835    
Due after one year through five years 20,104    
Due after five years through ten years 14,999    
Due after ten years 61,108    
Total 140,046    
Estimated Fair Value      
Due within one year 44,030    
Due after one year through five years 20,192    
Due after five years through ten years 11,582    
Due after ten years 44,833    
Total 120,637    
CMBS      
Amortized Cost      
Total 305,610    
Estimated Fair Value      
Total $ 111,762    
Number of tranches | tranche 2    
CMBS | Commercial Mortgage-Backed Security, Maturity Default      
Amortized Cost      
Total $ 192,800    
Estimated Fair Value      
Total $ 10,700    
Number of tranches | tranche 2