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FAIR VALUE MEASUREMENTS - Schedule of Assets Measured at Fair Value on a Recurring Basis Using Level 3 Inputs (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Unrealized (loss) gain on other real estate related investments, net $ 1,800 $ (5,251) $ (689) $ (7,856)
Investments in Real Estate Secured Loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of period     156,769  
Loan originations     452,786  
Accrued interest, net     3,034  
Unrealized (loss) gain on other real estate related investments, net     (962)  
Balance at ending of period 611,627   611,627  
Investments in Mezzanine Loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of period     21,799  
Loan originations     52,165  
Accrued interest, net     585  
Unrealized (loss) gain on other real estate related investments, net     273  
Balance at ending of period $ 74,822   $ 74,822