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JOINT VENTURES AND PARTNERSHIPS - Unconsolidated joint ventures and partnerships (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Dec. 31, 2020
Financial information relating to unconsolidated joint ventures operations                
Total revenues $ 369,167 $ 311,348 $ 726,433 $ 612,789        
Property operating expenses 60,405 51,335 118,889 102,716        
Real estate depreciation and amortization 167,584 146,169 331,206 290,257        
Gain/(loss) on sale of real estate 0 0 0 50,829        
Operating income 50,736 35,787 98,626 110,857        
Interest expense (36,832) (35,404) (72,748) (113,560)        
Other income/(loss) 3,001 2,536 561 4,593        
Net income/(loss) 5,364 12,535 19,967 15,809        
Combined summary of balance sheets relating to unconsolidated joint ventures                
Total real estate, net 9,828,365   9,828,365     $ 9,603,707    
Investments, at fair value 691,864   691,864     702,461    
Cash and cash equivalents 921 3,370 921 3,370   967   $ 1,409
Other Assets 214,765   214,765     216,311    
Total assets 10,996,986   10,996,986     10,775,220    
Accounts payable, accrued expenses, and other liabilities 137,095   137,095     136,954    
Total liabilities 6,114,187   6,114,187     6,001,474    
Total equity 3,869,634 2,805,173 3,869,634 2,805,173 $ 3,392,883 3,474,304 $ 3,016,401 $ 3,258,591
Unconsolidated Joint Ventures                
Financial information relating to unconsolidated joint ventures operations                
Total revenues 35,189 32,006 72,358 64,143        
Property operating expenses 16,549 16,745 34,479 33,855        
Real estate depreciation and amortization 16,636 16,144 34,456 32,597        
Gain/(loss) on sale of real estate     127,542 34,757        
Operating income 2,004 (883) 130,965 32,448        
Interest expense (8,637) (7,460) (16,769) (19,594)        
Other income/(loss) (175) (14) (399) (1,671)        
Net realized/unrealized gain/(loss) on held investments 70,318 83 76,622 2,577        
Net realized gain/(loss) on held investments (217,149) 38,267 (238,641) 44,261        
Net income/(loss) (153,639) $ 29,993 (48,222) $ 58,021        
Combined summary of balance sheets relating to unconsolidated joint ventures                
Total real estate, net 2,258,126   2,258,126     2,043,158    
Investments, at fair value 253,753   253,753     460,241    
Real estate assets held for sale           168,668    
Cash and cash equivalents 37,810   37,810     22,891    
Other Assets 122,422   122,422     28,948    
Total assets 2,672,111   2,672,111     2,723,906    
Third party debt, net 1,296,626   1,296,626     1,215,918    
Liabilities held for sale           106,990    
Accounts payable, accrued expenses, and other liabilities 163,613   163,613     51,689    
Total liabilities 1,460,239   1,460,239     1,374,597    
Total equity $ 1,211,872   $ 1,211,872     $ 1,349,309