v3.25.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details)
$ in Thousands
1 Months Ended 3 Months Ended
Jan. 31, 2024
USD ($)
unit
Aug. 31, 2024
USD ($)
Mar. 31, 2025
USD ($)
jointVenture
shares
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
shares
Noncontrolling Interest [Line Items]          
Investment in short-term deposits   $ 350,000 $ 0 $ 265,000  
Short-term deposits, interest rate (as a percent)   5.05%      
Interest income     $ 2,500    
Variable interest entity, number of entities | jointVenture     2    
Assets of VIEs     $ 6,682,508   $ 7,091,767
Number of investments in unconsolidated joint ventures | jointVenture     4    
Gain on sale     $ 91 (236)  
Gain on sale of unconsolidated property, net     0 2,325  
Distributions from unconsolidated joint ventures     $ 162 1,618  
Limited partners' capital account, units outstanding (in shares) | shares     4,849,588   4,192,597
One Loudoun Downtown - Pads G & H          
Noncontrolling Interest [Line Items]          
Noncontrolling interest, ownership percentage by parent (as a percent)     90.00%    
Operating Partnership          
Noncontrolling Interest [Line Items]          
Noncontrolling interest, ownership percentage by parent (as a percent)     97.80%   98.10%
Noncontrolling interest, ownership percentage by limited partners (as a percent)     2.20%   1.90%
Glendale Center Apartments          
Noncontrolling Interest [Line Items]          
Ownership percentage in equity method investment (as a percent) 11.50%        
Gain on sale $ 20,200        
Gain on sale of unconsolidated property, net       2,300  
Distributions from unconsolidated joint ventures       $ 1,600  
Glendale Center Apartments | Multifamily          
Noncontrolling Interest [Line Items]          
Number of multifamily rental units | unit 267        
Variable Interest Entities          
Noncontrolling Interest [Line Items]          
Mortgage debt of VIEs     $ 109,100    
Assets of VIEs     $ 218,900