v3.26.1
BORROWINGS (Schedule of Debt) (Details) - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Debt Instrument [Line Items]    
Principal Outstanding $ 1,792,942 $ 1,550,594
Unamortized Issuance Costs and Discounts 9,596 5,656
Outstanding Borrowings $ 1,783,346 $ 1,544,938
Weighted Average Borrowing Rate 5.55% 5.73%
Weighted Average Remaining Maturity 10 years 9 months 18 days 3 years 1 month 6 days
Value of Collateral $ 2,119,564 $ 1,897,049
ACR 2026-FL4 Senior Notes    
Debt Instrument [Line Items]    
Principal Outstanding 879,499  
Unamortized Issuance Costs and Discounts 5,798  
Outstanding Borrowings $ 873,701  
Weighted Average Borrowing Rate 5.31%  
Weighted Average Remaining Maturity 18 years 1 month 6 days  
Value of Collateral $ 1,016,762  
CRE - Term Reinvestment Financing Facility    
Debt Instrument [Line Items]    
Principal Outstanding 625,267 731,002
Unamortized Issuance Costs and Discounts 2,501 2,835
Outstanding Borrowings $ 622,766 $ 728,167
Weighted Average Borrowing Rate 5.40% 5.50%
Weighted Average Remaining Maturity 4 years 4 months 24 days 4 years 9 months 18 days
Value of Collateral $ 917,369 $ 1,009,622
Senior Secured Financing Facility    
Debt Instrument [Line Items]    
Principal Outstanding 56,503 63,099
Unamortized Issuance Costs and Discounts 105 1,454
Outstanding Borrowings $ 56,398 $ 61,645
Weighted Average Borrowing Rate 7.48% 7.53%
Weighted Average Remaining Maturity 1 year 6 months 2 years 1 month 6 days
Value of Collateral $ 147,861 $ 166,526
CRE - Term Warehouse Financing Facilities    
Debt Instrument [Line Items]    
Principal Outstanding 8,447 534,760
Unamortized Issuance Costs and Discounts 324 898
Outstanding Borrowings $ 8,123 $ 533,862
Weighted Average Borrowing Rate 5.27% 5.54%
Weighted Average Remaining Maturity 3 months 18 days 9 months 18 days
Value of Collateral $ 10,602 $ 693,937
Mortgage Payable    
Debt Instrument [Line Items]    
Principal Outstanding 21,678 20,185
Unamortized Issuance Costs and Discounts 774 0
Outstanding Borrowings $ 20,904 $ 20,185
Weighted Average Borrowing Rate 7.25% 7.57%
Weighted Average Remaining Maturity 2 years 10 months 24 days 3 months 18 days
Value of Collateral $ 26,970 $ 26,964
5.75% Senior Unsecured Notes    
Debt Instrument [Line Items]    
Principal Outstanding 150,000 150,000
Unamortized Issuance Costs and Discounts 94 469
Outstanding Borrowings $ 149,906 $ 149,531
Weighted Average Borrowing Rate 5.75% 5.75%
Weighted Average Remaining Maturity 1 month 6 days 7 months 6 days
Value of Collateral $ 0 $ 0
Unsecured Junior Subordinated Debentures    
Debt Instrument [Line Items]    
Principal Outstanding 51,548 51,548
Unamortized Issuance Costs and Discounts 0 0
Outstanding Borrowings $ 51,548 $ 51,548
Weighted Average Borrowing Rate 7.89% 7.97%
Weighted Average Remaining Maturity 10 years 2 months 12 days 10 years 8 months 12 days
Value of Collateral $ 0 $ 0