SEGMENTS - Schedule of Revenues and Net Operating Income for Reportable Segments (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Segment revenues and net operating income [Abstract] | ||||
| Revenue | $ 65,782,000 | $ 68,549,000 | $ 130,851,000 | $ 135,642,000 |
| Property operating expenses | ||||
| On-site compensation | 6,665,000 | 7,090,000 | 13,079,000 | 13,960,000 |
| Repairs and maintenance | 3,389,000 | 3,915,000 | 6,414,000 | 7,104,000 |
| Utilities | 3,513,000 | 3,764,000 | 8,015,000 | 8,621,000 |
| Administrative and marketing | 1,655,000 | 1,796,000 | 3,493,000 | 3,356,000 |
| Insurance | 2,403,000 | 2,288,000 | 4,866,000 | 4,880,000 |
| Real estate taxes | 7,022,000 | 7,678,000 | 14,354,000 | 15,341,000 |
| Net operating income | 41,135,000 | 42,018,000 | 80,630,000 | 82,380,000 |
| Property management expense | (2,094,000) | (2,393,000) | (4,473,000) | (4,826,000) |
| Casualty loss, net of recoveries | 206,000 | (399,000) | 227,000 | (931,000) |
| Depreciation and amortization | (25,075,000) | (27,097,000) | (51,573,000) | (54,751,000) |
| Impairment of real estate investments | 0 | (14,543,000) | (9,700,000) | (14,543,000) |
| General and administrative expenses | (5,659,000) | (4,382,000) | (11,991,000) | (9,379,000) |
| Gain on sale of real estate and other investments | 271,000 | 0 | 271,000 | 0 |
| Interest expense | (10,623,000) | (10,724,000) | (21,093,000) | (20,359,000) |
| Interest and other income | 709,000 | 735,000 | 1,599,000 | 1,443,000 |
| NET LOSS | (1,130,000) | (16,785,000) | (16,103,000) | (20,966,000) |
| Operating Segments | Multifamily | ||||
| Segment revenues and net operating income [Abstract] | ||||
| Revenue | 64,208,000 | 59,840,000 | 127,563,000 | 118,287,000 |
| Property operating expenses | ||||
| On-site compensation | 6,558,000 | 6,106,000 | 12,878,000 | 11,999,000 |
| Repairs and maintenance | 3,264,000 | 3,257,000 | 6,202,000 | 5,921,000 |
| Utilities | 3,403,000 | 3,095,000 | 7,775,000 | 7,134,000 |
| Administrative and marketing | 1,614,000 | 1,499,000 | 3,406,000 | 2,806,000 |
| Insurance | 2,364,000 | 1,942,000 | 4,794,000 | 4,102,000 |
| Real estate taxes | 6,777,000 | 6,707,000 | 13,849,000 | 13,340,000 |
| Net operating income | 40,228,000 | 37,234,000 | 78,659,000 | 72,985,000 |
| All Other | ||||
| Segment revenues and net operating income [Abstract] | ||||
| Revenue | 917,000 | 779,000 | 1,828,000 | 1,580,000 |
| Property operating expenses | ||||
| On-site compensation | 0 | 0 | 0 | 0 |
| Repairs and maintenance | 51,000 | 47,000 | 98,000 | 93,000 |
| Utilities | 36,000 | 35,000 | 73,000 | 80,000 |
| Administrative and marketing | 0 | 2,000 | 1,000 | 4,000 |
| Insurance | 19,000 | 22,000 | 34,000 | 42,000 |
| Real estate taxes | 189,000 | 131,000 | 390,000 | 345,000 |
| Net operating income | 622,000 | 542,000 | 1,232,000 | 1,016,000 |
| Unallocated | ||||
| Segment revenues and net operating income [Abstract] | ||||
| Revenue | 657,000 | 7,930,000 | 1,460,000 | 15,775,000 |
| Property operating expenses | ||||
| On-site compensation | 107,000 | 984,000 | 201,000 | 1,961,000 |
| Repairs and maintenance | 74,000 | 611,000 | 114,000 | 1,090,000 |
| Utilities | 74,000 | 634,000 | 167,000 | 1,407,000 |
| Administrative and marketing | 41,000 | 295,000 | 86,000 | 546,000 |
| Insurance | 20,000 | 324,000 | 38,000 | 736,000 |
| Real estate taxes | 56,000 | 840,000 | 115,000 | 1,656,000 |
| Net operating income | $ 285,000 | $ 4,242,000 | $ 739,000 | $ 8,379,000 |
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- Definition Administrative And Marketing Expenses No definition available.
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- Definition Insurance Gain (Loss), Casualty No definition available.
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- Definition Interest And Other Income (Loss) No definition available.
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- Definition Net Operating Income (Loss) No definition available.
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- Definition Utilities Expense No definition available.
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- Definition Cost of labor directly related to good produced and service rendered. Includes, but is not limited to, payroll cost and equity-based compensation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate costs of keeping the property in good condition but that do not appreciably prolong the life or increase the value of the property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The expense in the period incurred with respect to protection provided by insurance entities against risks other than risks associated with production (which are allocated to cost of sales). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A tax based on the assessed value of real estate by the local government. The tax is usually based on the value of property (including the land). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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