v3.25.3
REAL ESTATE-RELATED SECURITIES AND OTHER - Schedule of Current Expected Credit Loss (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Debt Instrument [Line Items]              
Beginning balance     $ 110,062       $ 110,062
Provision for credit losses             72,927
Ending balance $ 182,989           182,989
CMBS              
Debt Instrument [Line Items]              
Beginning balance 183,287 $ 182,328 110,062 $ 40,091 $ 35,562 $ 35,808 110,062
Provision for credit losses   959 72,266 47,141 4,529    
Reversal of credit losses (298)         (246)  
Ending balance $ 182,989 $ 183,287 $ 182,328 $ 87,232 $ 40,091 $ 35,562 $ 182,989