v3.26.1
CRE EQUITY METHOD INVESTMENTS - Narrative (Details) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2025
Jun. 30, 2026
Mar. 31, 2025
Schedule of Equity Method Investments [Line Items]      
CRE equity method investments [1] $ 79,168 $ 79,466  
Commercial Real Estate JV      
Schedule of Equity Method Investments [Line Items]      
Real estate investments, joint ventures     $ 35,000
Commercial Real Estate JV | Rithm      
Schedule of Equity Method Investments [Line Items]      
Real estate investments, joint ventures     17,500
Commercial Real Estate JV | Rithm Property Trust Inc      
Schedule of Equity Method Investments [Line Items]      
Real estate investments, joint ventures     $ 17,500
Gaea      
Schedule of Equity Method Investments [Line Items]      
Ownership percentage (as a percent) 22.20% 22.20%  
Investments $ 11,600 $ 8,600  
Thetis Asset Management LLC      
Schedule of Equity Method Investments [Line Items]      
Ownership percentage (as a percent)   19.80%  
Vehicle JV With Rithm Capital      
Schedule of Equity Method Investments [Line Items]      
Ownership percentage (as a percent)     50.00%
CRE equity method investments $ 17,600 $ 17,600  
PGRE Aggregator      
Schedule of Equity Method Investments [Line Items]      
Ownership percentage (as a percent) 3.90%    
Real estate investments, joint ventures $ 50,000    
PGRE Portfolio | Rithm      
Schedule of Equity Method Investments [Line Items]      
Amount of capital from investor $ 7,500    
[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.