REAL ESTATE OWNED - Amortization of intangible assets (Details) - USD ($) $ in Thousands	12 Months Ended
Dec. 31, 2025	Dec. 31, 2024
Intangible assets, net
Balance as of December 31, 2025	$ 21,648
2026	7,956
2027	3,635
2028	2,414
2029	2,335
2030	2,049
Thereafter	3,259
Accumulated depreciation	7,374,546	$ 6,836,920
Real Estate
Intangible assets, net
Balance as of December 31, 2025	13,188
2026	3,124
2027	3,041
2028	1,935
2029	1,901
2030	1,749
Thereafter	1,438
Accumulated depreciation	8,800
Amortization expense	2,700	4,000
Leases, Acquired-in-Place
Intangible assets, net
Balance as of December 31, 2025	8,460
2026	4,832
2027	594
2028	479
2029	434
2030	300
Thereafter	1,821
Accumulated depreciation	8,700
Amortization expense	$ 2,900	$ 8,900

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets.

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Amount of amortization for asset, excluding financial asset and goodwill, lacking physical substance with finite life expected to be recognized after fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).

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Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.

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The cumulative amount of depreciation for real estate property held for investment purposes.

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