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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
Schedule of Interest and Interest Capitalized | Interest expense and interest capitalized to real estate assets related to development and major renovation activities for the three years ended December 31, 2024 were as follows (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Total interest incurred | $ | 37,835 |  |  | $ | 30,429 |  |  | $ | 25,223 |
Capitalized interest | — |  |  | — |  |  | (283) |
Interest expense, net of capitalized interest | $ | 37,835 |  |  | $ | 30,429 |  |  | $ | 24,940 |

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