v3.25.2
DEBT - Schedule of Debt (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2025
USD ($)
apartmentCommunity
Dec. 31, 2024
USD ($)
apartmentCommunity
Debt Instrument [Line Items]    
Total debt $ 1,121,292 $ 966,623
Weighted average interest rate 3.90% 3.58%
Weighted average maturity (in years) 4 years 10 months 9 days  
Total debt $ 1,111,248 $ 955,385
Unsecured Senior Notes    
Debt Instrument [Line Items]    
Deferred financing costs on mortgages payable, net (450) (480)
Mortgages    
Debt Instrument [Line Items]    
Total debt 406,400 420,400
Deferred financing costs, premiums, and discounts on mortgages payable, net $ (9,594) $ (10,758)
Number of real estate properties, serving as collateral for mortgage loans | apartmentCommunity 14 15
Mortgages | Mortgages payable - Fannie Mae credit facility    
Debt Instrument [Line Items]    
Total debt $ 198,850 $ 198,850
Weighted average interest rate 2.78% 2.78%
Weighted average maturity (in years) 6 years 21 days  
Number of real estate properties, serving as collateral for mortgage loans | apartmentCommunity 11  
Mortgages | Mortgages Payable - Other    
Debt Instrument [Line Items]    
Total debt $ 406,412 $ 420,414
Weighted average interest rate 4.03% 4.02%
Weighted average maturity (in years) 5 years 14 days  
Mortgages | Mortgages Payable - Other | Disposal Group, Held-for-Sale, Not Discontinued Operations    
Debt Instrument [Line Items]    
Total debt $ 19,100  
Secured debt    
Debt Instrument [Line Items]    
Total debt $ 605,262 $ 619,264
Weighted average maturity (in years) 5 years 4 months 13 days  
Unsecured Debt    
Debt Instrument [Line Items]    
Total debt $ 516,030 347,359
Weighted average maturity (in years) 4 years 3 months 7 days  
Unsecured Debt | Line of Credit    
Debt Instrument [Line Items]    
Total debt $ 216,030 $ 47,359
Weighted average interest rate 5.75% 5.86%
Weighted average maturity (in years) 3 years 25 days  
Unsecured Debt | Unsecured Senior Notes    
Debt Instrument [Line Items]    
Total debt $ 300,000 $ 300,000
Weighted average interest rate 3.12% 3.12%
Weighted average maturity (in years) 5 years 1 month 17 days