FAIR VALUE - Schedule of Fair Value Disclosure of Asset and Liability Not Measured at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets:
DST Program Loans	$ 30,372	$ 13,892
Carrying Value
Assets:
DST Program Loans	0	89,223
Carrying Value | Line of credit
Liabilities:
Debt instruments, fair value disclosure	388,000	573,000
Carrying Value | Term loans
Liabilities:
Debt instruments, fair value disclosure	1,150,000	1,150,000
Carrying Value | Mortgage notes
Liabilities:
Debt instruments, fair value disclosure	3,213,500	2,489,442
Carrying Value | Secured financings on investments in real estate debt securities
Liabilities:
Debt instruments, fair value disclosure	72,584	104,630
Fair Value
Assets:
DST Program Loans	0	88,973
Fair Value | Line of credit
Liabilities:
Debt instruments, fair value disclosure	388,000	573,000
Fair Value | Term loans
Liabilities:
Debt instruments, fair value disclosure	1,150,000	1,150,000
Fair Value | Mortgage notes
Liabilities:
Debt instruments, fair value disclosure	3,178,163	2,419,471
Fair Value | Secured financings on investments in real estate debt securities
Liabilities:
Debt instruments, fair value disclosure	$ 72,584	$ 104,630