v3.26.1
SUPPLEMENTAL CASH FLOW DISCLOSURES (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Supplemental Disclosures of Non-Cash Investing and Financing Activities:      
Distributions declared and unpaid $ 14,477 $ 16,508 $ 16,047
Accrued capital expenditures 382 2,201 544
Construction reserve allocation 0 0 (190)
Real estate acquired via deed-in-lieu of foreclosure 151,043 0 0
Assumption of other assets and liabilities related to real estate acquired via deed-in-lieu of foreclosure (3,260) 0 0
Transfer of loans held-for-investment to real estate acquired via deed-in-lieu of foreclosure (149,438) 0 0
Accrued deferred financing costs 0 0 132
Common stock issued through distribution reinvestment plan 31,217 42,635 42,879
Change in fair value of real estate-related securities (4,167) (5,140) (32,617)
Conversion of loan held-for-investment to equity securities 0 (5,060) 0
Supplemental Cash Flow Disclosures:      
Interest paid 164,435 233,379 247,521
Cash paid for taxes $ 420 $ 1,704 $ 1,115