INVESTMENTS IN REAL ESTATE DEBT AND SECURITIES - Summary of Debt Related Investments (Details)	12 Months Ended
Dec. 31, 2025 USD ($) loan	Dec. 31, 2024 USD ($) investment loan
Marketable Securities [Line Items]
Carrying value	$ 182,277,000	$ 216,701,000
Outstanding Principal	$ 182,453,000	$ 217,603,000
Weighted-Average Interest Rate	7.70%	8.50%
Weighted-Average Remaining Life (Years)	1 year 8 months 12 days	1 year
Senior loans
Marketable Securities [Line Items]
Carrying value	$ 44,420,000	$ 187,857,000
Outstanding Principal	$ 44,420,000	$ 188,759,000
Weighted-Average Interest Rate		8.60%
Weighted-Average Remaining Life (Years)		9 months 18 days
Number of contracts \| loan	1	1
Debt-related income	$ 0	$ 4,600,000
Total income from debt securities received in cash		1,800,000
Total income from debt securities added to principal balance	2,100,000	2,800,000
Senior loans, carried at fair value
Marketable Securities [Line Items]
Carrying value	129,281,000	28,844,000
Outstanding Principal	$ 129,281,000	$ 28,844,000
Weighted-Average Interest Rate	7.80%	7.80%
Weighted-Average Remaining Life (Years)	1 year 6 months	2 years 3 months 18 days
Mezzanine loans, carried at fair value
Marketable Securities [Line Items]
Carrying value	$ 8,576,000
Outstanding Principal	$ 8,752,000
Weighted-Average Interest Rate	5.20%
Weighted-Average Remaining Life (Years)	4 years 7 months 6 days
Senior loans in default and on non-accrual status
Marketable Securities [Line Items]
Carrying value	$ 44,400,000	$ 46,600,000
Debt Obligations At Fair Value
Marketable Securities [Line Items]
Carrying value	137,900,000	0
Outstanding Principal	$ 138,000,000.0	$ 28,800,000
Number of contracts \| investment		1

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Weighted average yield of investment in debt security measured at amortized cost (held-to-maturity).

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