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REDEEMABLE NONCONTROLLING INTERESTS (Tables)
12 Months Ended
Dec. 31, 2022
Temporary Equity Disclosure [Abstract]  
Schedule of Changes in the Value of the Redeemable Noncontrolling Interests
The following tables set forth the changes in Redeemable noncontrolling interests for the year ended December 31, 2022 (dollars in thousands):
Series A and
A-1 Preferred
Units
In VRLP
Rockpoint Interests in VRT
Total
Redeemable
Noncontrolling
Interests
Balance January 1, 2022$52,324 $468,989 $521,313 
Redeemable Noncontrolling Interests Issued (12,000)— (12,000)
Net40,324 468,989 509,313 
Income Attributed to Noncontrolling Interests1,471 24,063 25,534 
Distributions (1,564)(24,063)(25,627)
Redemption Value Adjustment— 6,011 6,011 
Redeemable noncontrolling interests as of December 31, 2022$40,231 $475,000 $515,231 
Series A and
A-1 Preferred
Units
In VRLP
Rockpoint
Interests
in VRT
Total
Redeemable
Noncontrolling
Interests
Balance January 1, 2021$52,324 $460,973 $513,297 
Redeemable Noncontrolling Interests Issued — — — 
Net52,324 460,973 513,297 
Income Attributed to Noncontrolling Interests1,820 24,157 25,977 
Distributions (1,820)(24,157)(25,977)
Other Distributions— — — 
Redemption Value Adjustment— 8,016 8,016 
Redeemable noncontrolling interests as of December 31, 2021$52,324 $468,989 $521,313