v3.26.3
SEGMENT INFORMATION - Schedule of Reconciliation of Consolidated Net Income to Consolidated NOI (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Jun. 30, 2026
Mar. 31, 2026
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting [Abstract]                
Net loss $ (22,142) $ (31,535) $ (48,804) $ (25,998) $ (88,936) $ (27,056) $ (102,481) $ (141,990)
Plus:                
Interest expense 39,035     32,914     121,855 97,104
Interest expense - amortization of deferred financing costs 1,322     1,336     4,054 3,763
Depreciation and amortization 45,088     43,005     142,068 131,120
General and administrative expenses 7,954     7,841     29,552 34,636
Equity in loss of unconsolidated real estate ventures 14,157     18,183     31,597 43,526
Provision for impairment 29,057     0     40,966 63,369
Loss on early extinguishment of debt 15,417     0     15,441 0
Less:                
Interest and investment income 702     1,238     2,436 3,274
Income tax provision (43)     0     (67) (85)
Net gain on disposition of real estate 55,689     35     55,752 3,008
Net gain on real estate venture transactions 0     0     0 183
Consolidated net operating income $ 73,540     $ 76,008     $ 224,931 $ 225,148