VARIABLE INTEREST ENTITIES - Schedule of Variable Interest Entities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets:
Real estate investments, net	$ 3,709,576	$ 2,226,740
Cash and cash equivalents	198,042	213,822
Accounts and other receivables, net	10,368	1,174
Prepaid and other assets	230,427	35,608
Total assets	5,148,436	3,437,016
Liabilities:
Accounts payable, accrued liabilities and deferred rent liabilities	120,442	56,318
Total liabilities	1,089,468	507,633
Variable Interest Entity, Primary Beneficiary
Assets:
Real estate investments, net	822,457	565,959
Cash and cash equivalents	12,806	6,506
Accounts and other receivables, net	78	0
Prepaid and other assets	5,961	8,317
Total assets	841,302	580,782
Liabilities:
Accounts payable, accrued liabilities and deferred rent liabilities	4,856	10,332
Total liabilities	$ 4,856	$ 10,332