MORTGAGE LOANS RECEIVABLE - Schedule of Activity for Mortgage Loans Receivable (Details) - USD ($) $ in Thousands	9 Months Ended
Sep. 30, 2024	Sep. 30, 2023
Financing Receivable [Roll Forward]
Beginning balance	$ 429,550
Paydowns and payoffs	(37,670)
Transfer of loans to REO	(6,327)	$ (21,135)
Fair value adjustments due to:
Changes in instrument-specific credit risk	0
Other factors	1,649
Ending balance	413,240
Mortgage loans receivable
Fair value adjustments due to:
Ending balance	2,786,758
Mortgage loans receivable \| Consolidated Entity, Excluding Consolidated VIE
Financing Receivable [Roll Forward]
Beginning balance	1,879,319
Initial loan advances	1,356,540
Construction holdbacks and draws	630,381
Paydowns and payoffs	(1,146,754)
Purchased loans discount amortization	1,006
Transfer of loans to REO	(6,919)
Transfers from (to) assets of consolidated CFEs	(881,378)
Fair value adjustments due to:
Changes in instrument-specific credit risk	17,995
Other factors	19,662
Ending balance	$ 1,869,852

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Financing Receivable, Construction Holdbacks And Draws

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Financing Receivable

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Loans-Held-For Investment, Fair Value Adjustment, Changes In Instrument-Specific Credit Risk

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Amortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease.

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Value transferred from mortgage loans to real estate owned (REO) in noncash transactions.

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