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CONDENSED FINANCIAL INFORMATION OF REGISTRANT Parent Company Only Information - Condensed balance sheets (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Assets:      
Cash and cash equivalents [1] $ 226,601 $ 146,852  
Investment in consolidated subsidiaries 118,290 146,446  
Total assets 1,706,592 1,783,263  
Liabilities:      
Accounts payable, accrued expenses and other liabilities 41,463 51,238  
Senior notes payable, net 1,301,798 1,530,561  
Total liabilities 1,826,854 2,239,279  
Total deficit (120,262) (456,016) $ 359,566
Total liabilities and deficit 1,706,592 1,783,263  
Parent Company      
Assets:      
Cash and cash equivalents 2,278 1,033  
Investment in consolidated subsidiaries 1,155,470 1,095,523  
Other assets 31,318 19,903  
Total assets 1,189,066 1,116,459  
Liabilities:      
Accounts payable, accrued expenses and other liabilities 57,190 71,539  
Dividends payable 611 2,534  
Senior notes payable, net 1,301,798 1,530,561  
Total liabilities 1,359,599 1,604,634  
Total deficit (170,533) (488,175)  
Total liabilities and deficit $ 1,189,066 $ 1,116,459  
[1] At December 31, 2025, the balance sheet includes cash of $446, securities and other investments owned, at fair value, of $682, prepaid and other expenses of $3,737, accrued expenses and other liabilities of $28 and noncontrolling interest of $4,192 of consolidated variable interest entities (see Note 3 - Variable Interest Entities).