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FAIR VALUE MEASUREMENTS - Schedule of Fair Value, Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Financial assets:    
Equity securities $ 5,100  
CMBS    
Financial assets:    
Debt security 389,600  
Fair Value, Recurring    
Financial assets:    
Debt security   $ 476,715
Total financial assets 389,627 519,714
Fair Value, Recurring | CMBS    
Financial assets:    
Debt security 324,664  
Fair Value, Recurring | CLO subordinated note    
Financial assets:    
Debt security 28,061  
Fair Value, Recurring | Equity securities    
Financial assets:    
Equity securities 36,902 42,999
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Financial assets:    
Debt security   0
Total financial assets 36,387 42,999
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | CMBS    
Financial assets:    
Debt security 0  
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | CLO subordinated note    
Financial assets:    
Debt security 0  
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Equity securities    
Financial assets:    
Equity securities 36,387 42,999
Fair Value, Recurring | Significant Other Observable Inputs (Level 2)    
Financial assets:    
Debt security   347,634
Total financial assets 255,004 347,634
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | CMBS    
Financial assets:    
Debt security 255,004  
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | CLO subordinated note    
Financial assets:    
Debt security 0  
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Equity securities    
Financial assets:    
Equity securities 0 0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3)    
Financial assets:    
Debt security   129,081
Total financial assets 98,236 129,081
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | CMBS    
Financial assets:    
Debt security 69,660  
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | CLO subordinated note    
Financial assets:    
Debt security 28,061  
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Equity securities    
Financial assets:    
Equity securities $ 515 $ 0