v3.25.2

INVESTMENTS IN DEBT SECURITIES AND NOTES RECEIVABLE - Additional Information (Details) $ in Thousands	1 Months Ended		6 Months Ended
	Dec. 31, 2022 USD ($) extension_option shares	Nov. 30, 2020 USD ($) shares	Jun. 30, 2025 USD ($) debt_security extension_option Rate	Jun. 30, 2024 USD ($)
Schedule of Held-to-maturity Securities [Line Items]
Investment in debt securities		$ 300,000
Debt securities, term	6 years
Debt securities, extension option \| extension_option	2
Debt securities, extension term	1 year
Debt securities, period after which preferred dividends increase annually	6 years
Bridge loans, percent of notes held as mortgage receivables \| Rate			79.00%
Bridge loans, extension option \| extension_option			2
Bridge loans, extension term			1 year
Issuance of notes receivable			$ 360,406	$ 569,268
Number of debt securities past due or nonaccrual status \| debt_security			0
Minimum
Schedule of Held-to-maturity Securities [Line Items]
Loan to value ratio			0.70
Maximum
Schedule of Held-to-maturity Securities [Line Items]
Loan to value ratio			0.80
Notes Receivable-Bridge Loans
Schedule of Held-to-maturity Securities [Line Items]
Bridge loans, original maturities			3 years
Principal amount of notes sold			$ 32,371
Issuance of notes receivable			210,829
Payment of draws from interest holdbacks			$ 24,480
JCAP Series A Preferred Stock
Schedule of Held-to-maturity Securities [Line Items]
Investment in debt securities		$ 200,000
Investment in debt securities (in shares) \| shares		200,000
Debt securities, dividend rate	8.50%
JCAP Series B Preferred Stock
Schedule of Held-to-maturity Securities [Line Items]
Investment in debt securities		$ 100,000
Investment in debt securities (in shares) \| shares		100,000
JCAP Series D Preferred Stock
Schedule of Held-to-maturity Securities [Line Items]
Shares exchanged (in shares) \| shares	300,000
Shares exchanged, value	$ 300,000

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