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v3.24.1.u1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) $ in Thousands |  | 3 Months Ended |
--- | --- | --- | ---
Jan. 31, 2024 USD ($) unit | Mar. 31, 2024 USD ($) jointVenture shares | Mar. 31, 2023 USD ($) | Dec. 31, 2023 USD ($) shares
Noncontrolling Interest [Line Items] |  |  |  |
Short-term deposits |  | $ 265,000 |  | $ 0
Short-term deposits, interest rate (as a percent) |  | 5.34% |  |
Interest income |  | $ 2,900 |  |
Variable interest entity, number of entities | jointVenture |  | 2 |  |
Assets of VIEs |  | $ 7,204,494 |  | $ 6,944,078
Number of investments in unconsolidated joint ventures | jointVenture |  | 4 |  |
Gain on sale |  | $ (236) | $ 0 |
Gain on sale of unconsolidated property |  | 2,325 | 0 |
Distribution from unconsolidated joint venture |  | $ 1,618 | $ 13 |
Limited partners' capital account, units outstanding (in shares) | shares |  | 3,707,004 |  | 3,512,868
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 |  | $ 2,300 |  |
Distribution from unconsolidated joint venture |  | $ 1,600 |  |
Glendale Center Apartments | Multifamily |  |  |  |
Noncontrolling Interest [Line Items] |  |  |  |
Number of multifamily rental units | unit | 267 |  |  |
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) |  | 98.30% |  | 98.40%
Noncontrolling interest, ownership percentage by limited partners (as a percent) |  | 1.70% |  | 1.60%
Variable Interest Entities |  |  |  |
Noncontrolling Interest [Line Items] |  |  |  |
Mortgage debt of VIEs |  | $ 111,500 |  |
Assets of VIEs |  | $ 218,100 |  |

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