INVESTMENTS IN REAL ESTATE DEBT AND SECURITIES - Debt-Related Investments - Narrative (Details)	12 Months Ended
	Dec. 31, 2025 USD ($) investment	Dec. 31, 2024 USD ($) investment	Dec. 31, 2023 USD ($)
Schedule of Held-to-Maturity Securities [Line Items]
Principal collections on debt-related investments	$ 148,573,000	$ 106,768,000	$ 66,680,000
Outstanding principal	182,453,000	217,603,000
Carrying value	$ 182,277,000	216,701,000
Held to maturity debt related investments		227,200,000
Debt Obligations At Fair Value
Schedule of Held-to-Maturity Securities [Line Items]
Number of debt-related investments | investment	3
Outstanding principal	$ 138,000,000.0	28,800,000
Carrying value	137,900,000	0
Held to maturity debt related investments	171,400,000	29,400,000
Unrealized gains (losses)	$ (200,000)	$ 0
Number of contracts | investment		1