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SEGMENT INFORMATION - Schedule of Reconciliation of Net Operating Income of Reportable Segments (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023
Segment Reporting Information [Line Items] |  |  |  |  |
Real estate rental revenue | $ 60,103 | $ 56,599 | $ 119,616 | $ 112,408 |
Real estate expenses | 21,982 | 20,258 | 43,701 | 39,779 |
Net operating income | 38,121 | 36,341 | 75,915 | 72,629 |
Other income (expense): |  |  |  |  |
Property management expenses | (2,175) | (2,178) | (4,393) | (3,947) |
General and administrative expenses | (6,138) | (6,680) | (12,334) | (13,521) |
Transformation costs | 0 | (2,454) | 0 | (5,354) |
Depreciation and amortization | (23,895) | (21,415) | (48,838) | (42,951) |
Interest expense | (9,384) | (6,794) | (18,878) | (13,625) |
Other income | 0 | 569 | 1,410 | 569 |
Net loss | (3,471) |  |  |  |
Net loss | (3,471) | (2,611) | (7,118) | (6,254) |
Capital expenditures | 7,924 | 4,392 | 21,546 | 10,183 |
Total assets | 1,861,475 | 1,838,499 | 1,861,475 | 1,838,499 | $ 1,900,028
Residential |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Real estate rental revenue | 55,492 | 52,100 | 110,363 | 103,091 |
Real estate expenses | 20,622 | 19,054 | 40,980 | 37,198 |
Net operating income | 34,870 | 33,046 | 69,383 | 65,893 |
Other income (expense): |  |  |  |  |
Capital expenditures | 7,872 | 4,130 | 21,437 | 9,547 |
Total assets | 1,738,354 | 1,664,947 | 1,738,354 | 1,664,947 |
Other |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Real estate rental revenue | 4,611 | 4,499 | 9,253 | 9,317 |
Real estate expenses | 1,360 | 1,204 | 2,721 | 2,581 |
Net operating income | 3,251 | 3,295 | 6,532 | 6,736 |
Other income (expense): |  |  |  |  |
Capital expenditures | 52 | 262 | 109 | 636 |
Total assets | $ 123,121 | $ 173,552 | $ 123,121 | $ 173,552 |

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