JOINT VENTURES AND PARTNERSHIPS - Additional Information (Details) - USD ($) $ in Thousands |
1 Months Ended | 3 Months Ended | 9 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|---|
Jul. 31, 2026 |
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
Jun. 30, 2026 |
Dec. 31, 2025 |
Jun. 30, 2025 |
Dec. 31, 2024 |
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| Combined summary of balance sheets relating to unconsolidated joint ventures | |||||||||
| Total real estate, net | $ 9,083,323 | $ 9,083,323 | $ 9,113,339 | ||||||
| Investments, at fair value | 659,105 | 659,105 | 886,492 | ||||||
| Cash and cash equivalents | 1,184 | $ 1,194 | 1,184 | $ 1,194 | 1,222 | $ 1,326 | |||
| Other assets | 246,704 | 246,704 | 231,308 | ||||||
| Total assets | 10,301,216 | 10,301,216 | 10,605,674 | ||||||
| Accounts payable and accrued liabilities | 134,557 | 134,557 | 142,102 | ||||||
| Total liabilities | 6,373,451 | 6,373,451 | 6,456,911 | ||||||
| Total equity | 3,128,571 | 3,275,301 | 3,128,571 | 3,275,301 | $ 2,939,019 | 3,288,797 | $ 3,325,151 | $ 3,443,540 | |
| Financial information relating to unconsolidated joint ventures operations | |||||||||
| Total revenues | 428,081 | 431,864 | 1,279,329 | 1,279,211 | |||||
| Property operating expenses | 80,981 | 79,373 | 238,044 | 230,976 | |||||
| Real estate depreciation and amortization | 161,569 | 165,926 | 482,957 | 490,511 | |||||
| Gain/(loss) on sale of real estate owned | $ 75,200 | 190,084 | 383,204 | 47,939 | |||||
| Operating income/(loss) | 270,189 | 76,356 | 615,851 | 275,940 | |||||
| Interest expense | (48,583) | (50,569) | (144,799) | (146,935) | |||||
| Other income/(loss) | 8,144 | 3,714 | 13,174 | 13,769 | |||||
| Net income/(loss) | 230,874 | 43,130 | 507,433 | 165,430 | |||||
| Unconsolidated Joint Ventures and Partnerships | |||||||||
| Combined summary of balance sheets relating to unconsolidated joint ventures | |||||||||
| Total real estate, net | 2,788,720 | 2,788,720 | 3,580,595 | ||||||
| Investments, at fair value | 593,887 | 593,887 | 489,468 | ||||||
| Cash and cash equivalents | 58,448 | 58,448 | 78,177 | ||||||
| Other assets | 40,887 | 40,887 | 134,818 | ||||||
| Total assets | 3,481,942 | 3,481,942 | 4,283,058 | ||||||
| Third party debt, net | 1,741,602 | 1,741,602 | 2,496,081 | ||||||
| Accounts payable and accrued liabilities | 61,243 | 61,243 | 180,461 | ||||||
| Total liabilities | 1,802,845 | 1,802,845 | 2,676,542 | ||||||
| Total equity | 1,679,097 | 1,679,097 | $ 1,606,516 | ||||||
| Financial information relating to unconsolidated joint ventures operations | |||||||||
| Total revenues | 79,054 | 96,331 | 276,028 | 279,658 | |||||
| Property operating expenses | 36,203 | 43,228 | 130,617 | 127,908 | |||||
| Real estate depreciation and amortization | 34,892 | 40,099 | 114,628 | 121,171 | |||||
| Operating income/(loss) | 7,959 | 13,004 | 30,783 | 30,579 | |||||
| Interest expense | (24,900) | (32,919) | (86,997) | (111,215) | |||||
| Net unrealized/realized gain/(loss) on held investments | 4,874 | 48,475 | 101,667 | 65,105 | |||||
| Other income/(loss) | 193 | 331 | 3,579 | ||||||
| Net income/(loss) | $ (12,067) | $ 28,753 | $ 45,784 | $ (11,952) | |||||
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- Definition Equity method investment summarized financial information balance sheets. No definition available.
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- Definition Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of cash and cash equivalent. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The expense recognized in the current period that allocates the cost of nonproduction tangible assets over their useful lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense incurred and directly related to generating revenue by lessor from operating lease of rented property and equipment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value portion of investments in an entity not consolidated. Includes, but is not limited to, investments in an entity that is affiliated with the reporting entity by means of direct or indirect ownership, an entity in which the reporting entity shares control of the entity with another party or group, an entity which the company has significant influence, but does not have control and subsidiaries that are not required to be consolidated and are accounted for using the equity or cost method. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of assets classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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