v3.26.1
FAIR VALUES OF FINANCIAL INSTRUMENTS - Carrying Amounts and Fair Values of Financial Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets:    
Cash and cash equivalents $ 198,956 $ 741,067
Escrow deposits and restricted cash 24,861 45,070
Secured mortgage loans and other, net 460,367 167,975
Secured mortgage loans and other, net, fair value 462,402 166,796
Non-mortgage loans receivable, net 20,730 20,827
Liabilities:    
Senior notes payable and other debt, gross 12,768,110 13,103,627
Non-mortgage loans receivable, net    
Assets:    
Secured mortgage loans and other, net 23,966 24,062
Secured mortgage loans and other, net, fair value 19,757 20,432
Carrying Amount    
Assets:    
Cash and cash equivalents 198,956 741,067
Escrow deposits and restricted cash 24,861 45,070
Derivative instruments 22,539 12,390
Liabilities:    
Derivative instruments 3,636 5,267
Redeemable OP Units 294,280 260,672
Carrying Amount | Non-mortgage loans receivable, net    
Assets:    
Non-mortgage loans receivable, net 20,730 20,827
Carrying Amount | Secured/mortgage loans and other, net    
Assets:    
Secured mortgage loans and other, net 436,401 143,913
Fair Value    
Assets:    
Cash and cash equivalents, fair value 198,956 741,067
Escrow deposits and restricted cash 24,861 45,070
Derivative instruments 22,539 12,390
Liabilities:    
Senior notes payable and other debt, gross, fair value 12,605,231 13,429,007
Derivative instruments 3,636 5,267
Redeemable OP Units, fair value 294,280 260,672
Fair Value | Non-mortgage loans receivable, net    
Assets:    
Non-mortgage loans receivable, fair value 19,757 20,432
Fair Value | Secured/mortgage loans and other, net    
Assets:    
Secured mortgage loans and other, net, fair value $ 442,645 $ 146,364