FAIR VALUE MEASUREMENTS - Schedule of Assets at Fair Value Measured Using Level 3 (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Unrealized gains on other real estate related investments, net	$ (9,045)	$ 6,485	$ 7,102
Investments in Real Estate Secured Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance as of December 31, 2023	156,769
Originations	497,916
Accrued interest, net	1,965
Unrealized gains on other real estate related investments, net	8,154
Payments	(4,412)
Balance as of December 31, 2024	660,392	156,769
Investments in Mezzanine Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance as of December 31, 2023	21,799
Originations	57,287
Accrued interest, net	635
Unrealized gains on other real estate related investments, net	891
Payments	0
Balance as of December 31, 2024	80,612	21,799
Investment in Financing Receivable
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance as of December 31, 2023	0
Originations	95,723
Accrued interest, net	281
Unrealized gains on other real estate related investments, net	0
Payments	0
Balance as of December 31, 2024	$ 96,004	$ 0