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JOINT VENTURES AND PARTNERSHIPS - Additional Information (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
Combined summary of balance sheets relating to unconsolidated joint ventures        
Total real estate, net $ 9,584,085   $ 9,756,029  
Investments, at fair value 954,301   952,934  
Cash and cash equivalents 2,116 $ 1,172 2,922 $ 1,193
Other assets 195,025   209,969  
Total assets 11,190,488   11,373,242  
Accounts payable and accrued liabilities 119,739   141,311  
Total liabilities 6,333,899   6,420,801  
Total equity 3,919,278 3,921,109 3,991,354 $ 4,098,295
Financial information relating to unconsolidated joint ventures operations        
Total revenues 413,634 399,549    
Property operating expenses 73,478 64,834    
Real estate depreciation and amortization 169,858 169,300    
Gain/(loss) on sale of real estate owned 16,867 1    
Operating income 79,759 66,184    
Interest expense (48,062) (43,742)    
Other income/(loss) 5,865 1,010    
Net income/(loss) 46,310 32,925    
Unconsolidated Joint Ventures and Partnerships        
Combined summary of balance sheets relating to unconsolidated joint ventures        
Total real estate, net 3,180,973   3,158,057  
Investments, at fair value 304,826   257,832  
Cash and cash equivalents 69,247   61,670  
Other assets 135,491   146,976  
Total assets 3,690,537   3,624,535  
Third party debt, net 2,027,146   2,012,816  
Accounts payable and accrued liabilities 178,704   171,502  
Total liabilities 2,205,850   2,184,318  
Total equity 1,484,687   $ 1,440,217  
Financial information relating to unconsolidated joint ventures operations        
Total revenues 76,256 60,675    
Property operating expenses 34,935 28,033    
Real estate depreciation and amortization 36,962 24,428    
Operating income 4,359 8,214    
Interest expense (24,537) (23,951)    
Other income/(loss) (1,828) 2,322    
Net unrealized/realized gain/(loss) on held investments 27,400 9,789    
Net income/(loss) $ 5,394 $ (3,626)