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JOINT VENTURES AND PARTNERSHIPS - Additional Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Combined summary of balance sheets relating to unconsolidated joint ventures                
Total real estate, net $ 9,153,927   $ 9,153,927     $ 9,312,337    
Investments, at fair value 879,781   879,781     917,483    
Cash and cash equivalents 1,532 $ 2,770 1,532 $ 2,770   1,326   $ 2,922
Other assets 249,651   249,651     197,493    
Total assets 10,647,085   10,647,085     10,897,586    
Accounts payable and accrued liabilities 108,353   108,353     115,105    
Total liabilities 6,363,954   6,363,954     6,436,691    
Total equity 3,325,151 3,722,719 3,325,151 3,722,719 $ 3,331,379 3,443,540 $ 3,919,278 $ 3,991,354
Financial information relating to unconsolidated joint ventures operations                
Total revenues 425,399 415,320 847,347 828,954        
Property operating expenses 75,613 70,443 151,603 143,921        
Real estate depreciation and amortization 163,191 170,488 324,585 340,346        
Gain/(loss) on sale of real estate owned     47,939 16,867        
Operating income/(loss) 77,389 68,666 199,584 148,425        
Interest expense (48,665) (47,811) (96,366) (95,873)        
Other income/(loss) 8,134 6,498 10,055 12,363        
Net income/(loss) 40,229 31,013 122,300 77,323        
Unconsolidated Joint Ventures and Partnerships                
Combined summary of balance sheets relating to unconsolidated joint ventures                
Total real estate, net 3,045,542   3,045,542     3,114,375    
Investments, at fair value 408,920   408,920     372,478    
Cash and cash equivalents 74,800   74,800     47,932    
Other assets 128,979   128,979     147,344    
Total assets 3,658,241   3,658,241     3,682,129    
Third party debt, net 2,031,093   2,031,093     2,060,135    
Accounts payable and accrued liabilities 164,118   164,118     158,505    
Total liabilities 2,195,211   2,195,211     2,218,640    
Total equity 1,463,030   1,463,030     $ 1,463,489    
Financial information relating to unconsolidated joint ventures operations                
Total revenues 93,206 78,013 183,327 154,269        
Property operating expenses 42,260 35,793 84,680 70,728        
Real estate depreciation and amortization 40,099 38,091 81,072 75,053        
Operating income/(loss) 10,847 4,129 17,575 8,488        
Interest expense (36,017) (25,571) (78,296) (50,108)        
Net unrealized/realized gain/(loss) on held investments 1,018 5,349 16,630 32,749        
Other income/(loss) 344 (1,520) 3,386 (3,348)        
Net income/(loss) $ (23,808) $ (17,613) $ (40,705) $ (12,219)