v3.26.1
SEGMENT REPORTING - Schedule of Statement of Balance Sheet (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Segment Reporting [Line Items]    
Total assets $ 928,744 $ 1,041,527
CRE equity method investments [1] 79,466 79,168
Operating | Residential    
Segment Reporting [Line Items]    
Total assets 560,282 588,704
CRE equity method investments 0 0
Operating | Commercial    
Segment Reporting [Line Items]    
Total assets 299,122 370,949
CRE equity method investments 79,466 79,168
Corporate Category    
Segment Reporting [Line Items]    
Total assets 69,340 81,874
CRE equity method investments $ 0 $ 0
[1] Includes commercial real estate (“CRE”) equity method investments at fair value of $61.9 million and $61.6 million as of June 30, 2026 and December 31, 2025, respectively.
(5)Residential transition loans (“RTLs” and each, an “RTL”), at fair value had an amortized cost of $117.6 million as of June 30, 2026.
(6)Includes $0.2 million and $0.0 million of unamortized financing costs as of June 30, 2026 and December 31, 2025, respectively.