RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS - Fees and Expense Reimbursements (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022
Asset management fees
Related Party Transaction [Line Items]
Related party, amount of transaction		$ 2,627	$ 3,570
Property management fees
Related Party Transaction [Line Items]
Related party, amount of transaction		2,107	1,747
Property management fees | Corporate Joint Venture
Related Party Transaction [Line Items]
Related party, amount of transaction		78	40
Onsite management and other cost reimbursement
Related Party Transaction [Line Items]
Related party, amount of transaction		5,794	2,838
Onsite management and other cost reimbursement | Corporate Joint Venture
Related Party Transaction [Line Items]
Related party, amount of transaction		336	94
Lease commission
Related Party Transaction [Line Items]
Related party, amount of transaction		101	794
Lease commission | Corporate Joint Venture
Related Party Transaction [Line Items]
Related party, amount of transaction		32	4
Construction management fees
Related Party Transaction [Line Items]
Related party, amount of transaction		308	398
Construction management fees | Corporate Joint Venture
Related Party Transaction [Line Items]
Related party, amount of transaction		183	21
Development management reimbursement
Related Party Transaction [Line Items]
Related party, amount of transaction		1,321	0
Development management reimbursement | Corporate Joint Venture
Related Party Transaction [Line Items]
Related party, amount of transaction		481
Expense reimbursements to related parties - corporate
Related Party Transaction [Line Items]
Related party, amount of transaction		2,342	1,925
Expenses reimbursements to related parties - lending segment
Related Party Transaction [Line Items]
Related party, amount of transaction		2,579	1,929
Upfront dealer manager and trailing dealer manager fees
Related Party Transaction [Line Items]
Related party, amount of transaction		1,391	1,996
Non-issuance specific offering costs
Related Party Transaction [Line Items]
Related party, amount of transaction		623	689
Non-issuance specific offering costs | Affiliated Entity
Related Party Transaction [Line Items]
Related party, deferred costs		2,500	2,300
Investment Management Agreement | Affiliated Entity | CIM Capital, LLC | Series A1 Preferred Stock
Related Party Transaction [Line Items]
Related party, shares issued (in shares)	110,285
Personnel fees | Affiliated Entity
Related Party Transaction [Line Items]
Related party, deferred personnel costs		$ 121	$ 136