v3.26.1
REAL ESTATE-RELATED SECURITIES AND OTHER - Schedule of Current Expected Credit Loss (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
tranche
Dec. 31, 2024
USD ($)
CMBS    
Beginning balance $ 110,062 $ 35,808
Provision for credit losses 72,042 74,254
Ending balance $ 182,104 110,062
CMBS    
Debt Instrument [Line Items]    
Number of tranches | tranche 2  
CMBS    
Beginning balance $ 110,062 35,808
Provision for credit losses 72,042 74,254
Ending balance $ 182,104 $ 110,062