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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (Tables)
12 Months Ended
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,
202420232022
Total interest incurred$37,835 $30,429 $25,223 
Capitalized interest— — (283)
Interest expense, net of capitalized interest$37,835 $30,429 $24,940