REDEEMABLE NONCONTROLLING INTERESTS (Tables)

12 Months Ended

Dec. 31, 2025

REDEEMABLE NONCONTROLLING INTERESTS [Abstract]

Schedule of Redeemable Noncontrolling Interest Activity

The following table summarizes the redeemable common stock activity for our Class B shares of common stock for the years ended December 31, 2025 and 2024:

	For the Year Ended December 31,
(in thousands)	2025		2024
Balance at beginning of the year	$	—	$	—
Issuance of redeemable common stock	200,000		—
Distributions to redeemable common stock	(1,753)		—
Net loss attributable to redeemable common stock	(1,633)		—
Change from securities and cash flow hedging activities attributable to redeemable common stock	36		—
Redemption value allocation adjustment to redeemable common stock (1)	6,491		—
Ending balance	$	203,141	$	—

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(1)Represents the adjustment recorded in order to mark to the redemption value, which is equivalent to fair value, at the end of the measurement period.

The following table summarizes the redeemable noncontrolling interests activity for the years ended December 31, 2025 and 2024:

	For the Year Ended December 31,
(in thousands)	2025		2024
Balance at beginning of the year	$	9,381	$	11,746
Distributions to redeemable noncontrolling interests	(474)		(544)
Redemptions of redeemable noncontrolling interests	(1,500)		(1,500)
Net loss attributable to redeemable noncontrolling interests	(431)		(273)
Change from securities and cash flow hedging activities attributable to redeemable noncontrolling interests	(25)		(7)
Redemption value allocation adjustment to redeemable noncontrolling interests (1)	1,448		(41)
Ending balance	$	8,399	$	9,381

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(1)Represents the adjustment recorded in order to mark to the redemption value, which is equivalent to fair value, at the end of the measurement period.