FAIR VALUE DISCLOSURES - Face Values, Carrying Amounts and Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Financial assets:
Loans receivable	$ 391,010	$ 372,873
Loans receivable	397,791
Preferred equity investments	60,915	57,681
Preferred equity investments	62,765
Senior Notes
Financial liabilities:
Financial liabilities	1,750,000	1,750,000
Financial liabilities	1,617,779
Secured Indebtedness
Financial liabilities:
Financial liabilities	46,110	48,143
Financial liabilities	33,635
Carrying Amount
Financial assets:
Loans receivable	381,468	362,775
Preferred equity investments	61,116	57,849
Carrying Amount | Senior Notes
Financial liabilities:
Financial liabilities	1,736,025	1,735,253
Carrying Amount | Secured Indebtedness
Financial liabilities:
Financial liabilities	45,316	47,301
Fair Value
Financial assets:
Loans receivable	397,791	383,141
Preferred equity investments	62,765	59,526
Fair Value | Senior Notes
Financial liabilities:
Financial liabilities	1,617,779	1,567,428
Fair Value | Secured Indebtedness
Financial liabilities:
Financial liabilities	$ 33,635	$ 36,279