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SEGMENT INFORMATION - Financial Information by Segment (Details) - USD ($)
 1 Months Ended 3 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]                        
Real estate rental revenue   $ 61,264,000 $ 61,055,000 $ 60,103,000 $ 59,513,000 $ 58,852,000 $ 56,651,000 $ 56,599,000 $ 55,809,000 $ 241,935,000 $ 227,911,000 $ 209,380,000
Real estate expenses                   88,701,000 79,830,000 74,001,000
Net operating income                   153,234,000 148,081,000 135,379,000
Property management expenses                   (8,861,000) (8,108,000) (7,436,000)
General and administrative expenses                   (24,969,000) (25,887,000) (28,258,000)
Transformation costs                   0 (6,339,000) (9,686,000)
Depreciation and amortization                   (95,935,000) (88,950,000) (91,722,000)
Interest expense                   (37,835,000) (30,429,000) (24,940,000)
Loss on extinguishment of debt $ 4,900,000                 (147,000) (54,000) (4,917,000)
Other income                   1,410,000 569,000 712,000
Real estate impairment                   0 (41,860,000) 0
Net loss   (3,015,000) $ (2,970,000) $ (3,471,000) $ (3,647,000) (3,105,000) $ (43,618,000) $ (2,611,000) $ (3,643,000) (13,103,000) (52,977,000) (30,868,000)
Capital expenditures                   47,602,000 38,626,000 38,256,000
Total assets   1,845,762,000       1,900,028,000       1,845,762,000 1,900,028,000 1,872,606,000
Reconciling Items                        
Segment Reporting Information [Line Items]                        
Real estate rental revenue                   18,297,000 18,600,000 18,880,000
Real estate expenses                   5,635,000 5,295,000 5,266,000
Net operating income                   12,662,000 13,305,000 13,614,000
Capital expenditures                   548,000 844,000 3,175,000
Total assets   126,675,000       131,602,000       126,675,000 131,602,000 181,430,000
Residential | Operating Segments                        
Segment Reporting Information [Line Items]                        
Real estate rental revenue                   223,638,000 209,311,000 190,500,000
Real estate expenses                   83,066,000 74,535,000 68,735,000
Net operating income                   140,572,000 134,776,000 121,765,000
Capital expenditures                   47,054,000 37,782,000 35,081,000
Total assets   $ 1,719,087,000       $ 1,768,426,000       $ 1,719,087,000 $ 1,768,426,000 $ 1,691,176,000