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REAL ESTATE OWNED - Summarizes the carrying amounts for our real estate owned (Details) - USD ($) $ in Thousands | Jun. 30, 2025 | Dec. 31, 2024
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REAL ESTATE OWNED |  |
Land | $ 2,528,813 | $ 2,521,363
Depreciable property - held and used: |  |
Land improvements | 278,739 | 271,702
Building, improvements, and furniture, fixtures and equipment | 13,440,643 | 13,189,796
Real estate intangible assets | 21,995 | 11,933
Under development: |  |
Real estate under development | 41,108 |
Real estate owned | 16,311,298 | 16,213,363
Accumulated depreciation | (7,157,371) | (6,901,026)
Total real estate owned, net of accumulated depreciation | 9,153,927 | 9,312,337
Land, Buildings and Improvements |  |
Under development: |  |
Real estate under development | 13,468 |
Real estate assets held for sale |  | 44,645
Building, improvements and furniture, fixtures and equipment |  |
Under development: |  |
Real estate under development | $ 27,640 |
Real estate assets held for sale |  | 135,844
Real estate intangible assets |  |
Under development: |  |
Real estate assets held for sale |  | $ 38,080

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