v3.26.1
SEGMENT INFORMATION - Schedule of Reconciliation of Consolidated Net Income to Consolidated NOI (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Abstract]            
Net loss $ (31,535) $ (48,804) $ (88,936) $ (27,056) $ (80,339) $ (115,992)
Plus:            
Interest expense 41,931   32,345   82,820 64,190
Interest expense - amortization of deferred financing costs 1,345   1,197   2,732 2,427
Depreciation and amortization 47,749   43,762   96,980 88,115
General and administrative expenses 9,263   9,325   21,598 26,795
Equity in loss of unconsolidated real estate ventures 8,738   14,832   17,440 25,343
Provision for impairment 0   63,369   11,909 63,369
Loss on early extinguishment of debt 24   0   24 0
Less:            
Interest and investment income 1,068   850   1,734 2,036
Income tax provision (22)   (85)   (24) (85)
Net gain (loss) on disposition of real estate 63   (86)   63 2,973
Net gain on real estate venture transactions 0   0   0 183
Consolidated net operating income $ 76,406   $ 75,215   $ 151,391 $ 149,140