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REAL ESTATE OWNED - Summarizes the carrying amounts for our real estate owned (Details) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
REAL ESTATE OWNED
Land	$ 2,528,813	$ 2,521,363
Depreciable property - held and used:
Land improvements	282,595	271,702
Building, improvements, and furniture, fixtures and equipment	13,515,310	13,189,796
Real estate intangible assets	21,995	11,933
Under development:
Real estate under development	52,749
Real estate owned	16,401,462	16,213,363
Accumulated depreciation	(7,320,363)	(6,901,026)
Total real estate owned, net of accumulated depreciation	9,081,099	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	$ 39,281
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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Depreciable property - held and used.

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Investment Building and Building Improvements, and Furniture, Fixtures and Equipment

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Real Estate Owned Gross.

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Real Estate Under Development.

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- Definition

Accumulated depreciation for real estate owned, including real estate held for investment, real estate under development, and real estate held for disposition.

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- Definition

Amount of identifiable intangible asset acquired in business combination and recognized at acquisition date. Excludes goodwill and financial asset.

+ References

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-Topic 805
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-Name Accounting Standards Codification
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- Definition

The current amount of expenditures for a real estate project that has not yet been completed.

+ References

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-Topic 944
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Amount before accumulated depletion of real estate held for productive use, excluding land held for sale.

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Amount before accumulated depreciation and depletion of additions or improvements to real estate held for productive use. Examples include, but are not limited to, walkways, driveways, fences, and parking lots.

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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- Definition

Amount of investment in land and building held for sale. Excludes real estate considered inventory.

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Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.

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