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v3.25.1

SEGMENT INFORMATION - Schedule of Reconciliation of Net Operating Income of Reportable Segments (Details) - USD ($) $ in Thousands | 3 Months Ended |
--- | --- | ---
Mar. 31, 2025 | Mar. 31, 2024 | Dec. 31, 2024
Segment Reporting Information [Line Items] |  |  |
Real estate rental revenue | $ 61,493 | $ 59,513 |
Real estate expenses | 21,994 | 21,719 |
Net operating income | 39,499 | 37,794 |
Property management expenses | (2,246) | (2,218) |
General and administrative expenses | (9,229) | (6,196) |
Depreciation and amortization | (23,239) | (24,943) |
Interest expense | (9,460) | (9,494) |
Other income | 0 | 1,410 |
Net loss | (4,675) | (3,647) |
Capital expenditures | 5,698 | 13,622 |
Total assets | 1,827,579 | 1,876,539 | $ 1,845,762
Reconciling Items |  |  |
Segment Reporting Information [Line Items] |  |  |
Real estate rental revenue | 4,486 | 4,642 |
Real estate expenses | 1,385 | 1,361 |
Net operating income | 3,101 | 3,281 |
Capital expenditures | 35 | 57 |
Total assets | 123,699 | 125,311 |
Residential | Operating Segments |  |  |
Segment Reporting Information [Line Items] |  |  |
Real estate rental revenue | 57,007 | 54,871 |
Real estate expenses | 20,609 | 20,358 |
Net operating income | 36,398 | 34,513 |
Capital expenditures | 5,663 | 13,565 |
Total assets | $ 1,703,880 | $ 1,751,228 |

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