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FAIR VALUE - Schedule of Quantitative Inputs and Assumptions (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Fair Value Measurement Inputs and Valuation Techniques    
Investments in unconsolidated joint venture partnerships $ 77,703 $ 38,386
Debt-related investments 137,857 28,844
Available-for-sale debt securities 120,955 136,557
DST Program Loans 170,865 71,068
Financing obligations 2,126,267 878,386
Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Investments in unconsolidated joint venture partnerships 77,703 38,386
Debt-related investments 137,857 28,844
Available-for-sale debt securities 118,173 123,187
DST Program Loans 170,865 71,068
Financing obligations 2,126,267 878,386
Level 3 | Direct Capitalization | Capitalization Rate    
Fair Value Measurement Inputs and Valuation Techniques    
Investments in unconsolidated joint venture partnerships 77,703 38,386
Level 3 | Yield Method | Market Yield    
Fair Value Measurement Inputs and Valuation Techniques    
Debt-related investments 137,857 28,844
Available-for-sale debt securities 118,173 123,187
DST Program Loans $ 170,865 $ 71,068
Available-for sale debt security percentage 0.110 0.133
Level 3 | Discounted Cash Flow | Discount Rate Exit Capitalization Rate    
Fair Value Measurement Inputs and Valuation Techniques    
Financing obligations $ 2,126,267 $ 878,386