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REAL ESTATE OWNED - Summarizes the carrying amounts for our real estate owned (Details) - USD ($) $ in Thousands | Mar. 31, 2026 | Dec. 31, 2025
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REAL ESTATE OWNED |  |
Land | $ 2,505,946 | $ 2,537,747
Depreciable property - held and used: |  |
Land improvements | 277,044 | 277,996
Building, improvements, and furniture, fixtures and equipment | 13,311,853 | 13,577,262
Real estate intangible assets | 21,995 | 21,995
Under development: |  |
Real estate under development | 91,742 | 72,885
Real estate owned | 16,208,580 | 16,487,885
Accumulated depreciation | (7,378,368) | (7,374,546)
Total real estate owned, net of accumulated depreciation | 8,830,212 | 9,113,339
Land, Buildings and Improvements |  |
Under development: |  |
Real estate under development | 13,468 | 13,468
Building, improvements and furniture, fixtures and equipment |  |
Under development: |  |
Real estate under development | $ 78,274 | $ 59,417

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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. + References No definition available. + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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