VARIABLE INTEREST ENTITIES - Schedule of Variable Interest Entities (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Assets:
Real estate investments, net	$ 3,256,024	$ 2,226,740
Cash and cash equivalents	306,051	213,822
Accounts and other receivables	2,687	1,174
Prepaid and other assets	88,415	35,608
Total assets	4,656,531	3,437,016
Liabilities:
Accounts payable, accrued liabilities and deferred rent liabilities	109,073	56,318
Total liabilities	1,331,554	507,633
Variable Interest Entity, Primary Beneficiary
Assets:
Real estate investments, net	757,686	565,959
Cash and cash equivalents	8,848	6,506
Accounts and other receivables	28	0
Prepaid and other assets	6,200	8,317
Total assets	772,762	580,782
Liabilities:
Accounts payable, accrued liabilities and deferred rent liabilities	7,499	10,332
Total liabilities	$ 7,499	$ 10,332