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JOINT VENTURES AND PARTNERSHIPS - Additional Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Dec. 31, 2023
Combined summary of balance sheets relating to unconsolidated joint ventures                
Total real estate, net $ 9,081,099   $ 9,081,099     $ 9,312,337    
Investments, at fair value 911,575   911,575     917,483    
Cash and cash equivalents 1,194 $ 2,285 1,194 $ 2,285   1,326   $ 2,922
Other assets 242,071   242,071     197,493    
Total assets 10,601,912   10,601,912     10,897,586    
Accounts payable and accrued liabilities 126,329   126,329     115,105    
Total liabilities 6,450,484   6,450,484     6,436,691    
Total equity 3,275,301 3,514,060 3,275,301 3,514,060 $ 3,325,151 3,443,540 $ 3,722,719 $ 3,991,354
Financial information relating to unconsolidated joint ventures operations                
Total revenues 431,864 420,160 1,279,211 1,249,114        
Property operating expenses 79,373 76,484 230,976 220,405        
Real estate depreciation and amortization 165,926 170,276 490,511 510,622        
Gain/(loss) on sale of real estate owned     47,939 16,867        
Operating income/(loss) 76,356 69,856 275,940 218,281        
Interest expense (50,569) (50,214) (146,935) (146,087)        
Other income/(loss) 3,714 6,159 13,769 18,522        
Net income/(loss) 43,130 24,077 165,430 101,400        
Unconsolidated Joint Ventures and Partnerships                
Combined summary of balance sheets relating to unconsolidated joint ventures                
Total real estate, net 3,052,742   3,052,742     3,114,375    
Investments, at fair value 469,137   469,137     372,478    
Cash and cash equivalents 84,794   84,794     47,932    
Other assets 126,537   126,537     147,344    
Total assets 3,733,210   3,733,210     3,682,129    
Third party debt, net 2,058,676   2,058,676     2,060,135    
Accounts payable and accrued liabilities 169,168   169,168     158,505    
Total liabilities 2,227,844   2,227,844     2,218,640    
Total equity 1,505,366   1,505,366     $ 1,463,489    
Financial information relating to unconsolidated joint ventures operations                
Total revenues 96,331 80,793 279,658 235,062        
Property operating expenses 43,228 38,264 127,908 108,992        
Real estate depreciation and amortization 40,099 37,412 121,171 112,465        
Operating income/(loss) 13,004 5,117 30,579 13,605        
Interest expense (32,919) (29,415) (111,215) (79,523)        
Net unrealized/realized gain/(loss) on held investments 48,475 3,530 65,105 36,279        
Other income/(loss) 193 (24) 3,579 (3,372)        
Net income/(loss) $ 28,753 $ (20,792) $ (11,952) $ (33,011)