INVESTMENTS IN REAL ESTATE DEBT AND SECURITIES - Summary of Available-for-Sale Debt Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Debt Securities, Available-for-Sale [Line Items]
Face Amount	$ 120,957	$ 137,092
Amortized Cost	120,952	136,445
Unamortized Discount	5	67
Unamortized Fees	0	580
Unrealized Gain, Net	3	112
Fair Value	120,955	136,557
CRE CLOs & CMBS
Debt Securities, Available-for-Sale [Line Items]
Face Amount	2,784
Amortized Cost	2,779
Unamortized Discount	5
Unrealized Gain, Net	3
Fair Value	2,782
CRE CLO
Debt Securities, Available-for-Sale [Line Items]
Face Amount		13,325
Amortized Cost		13,258
Unamortized Discount		67
Unrealized Gain, Net		112
Fair Value		13,370
Preferred equity
Debt Securities, Available-for-Sale [Line Items]
Face Amount	118,173	123,767
Amortized Cost	118,173	123,187
Unamortized Fees	0	580
Fair Value	$ 118,173	$ 123,187