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SEGMENT INFORMATION - Schedule of Reconciliation of Net Operating Income of Reportable Segments (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024 | Dec. 31, 2024
Segment Reporting Information [Line Items] |  |  |  |  |
Real estate rental revenue | $ 62,103 | $ 61,055 | $ 185,695 | $ 180,671 |
Real estate expenses | 24,139 | 22,258 | 68,795 | 65,959 |
Net operating income | 37,964 | 38,797 | 116,900 | 114,712 |
Other income (expense): |  |  |  |  |
Property management expenses | (2,263) | (2,235) | (6,765) | (6,628) |
General and administrative expenses | (14,064) | (6,354) | (30,982) | (18,688) |
Depreciation and amortization | (23,771) | (23,474) | (70,570) | (72,312) |
Interest expense | (9,661) | (9,557) | (28,619) | (28,435) |
Loss on extinguishment of debt | 0 | (147) | 0 | (147) |
Other income | 0 | 0 | 0 | 1,410 |
Real estate impairment | (111,719) | 0 | (111,719) | 0 |
Net loss | (123,514) | (2,970) | (131,755) | (10,088) |
Capital expenditures | 8,685 | 11,938 | 23,136 | 33,484 |
Total assets | 1,686,859 | 1,853,159 | 1,686,859 | 1,853,159 | $ 1,845,762
Reconciling Items |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Real estate rental revenue | 4,416 | 4,628 | 13,318 | 13,881 |
Real estate expenses | 1,433 | 1,438 | 4,219 | 4,159 |
Net operating income | 2,983 | 3,190 | 9,099 | 9,722 |
Other income (expense): |  |  |  |  |
Capital expenditures | 1 | 55 | 82 | 164 |
Total assets | 88,552 | 125,081 | 88,552 | 125,081 |
Residential |  |  |  |  |
Other income (expense): |  |  |  |  |
Real estate impairment | (81,400) |  |  |  |
Residential | Operating Segments |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Real estate rental revenue | 57,687 | 56,427 | 172,377 | 166,790 |
Real estate expenses | 22,706 | 20,820 | 64,576 | 61,800 |
Net operating income | 34,981 | 35,607 | 107,801 | 104,990 |
Other income (expense): |  |  |  |  |
Capital expenditures | 8,684 | 11,883 | 23,054 | 33,320 |
Total assets | $ 1,598,307 | $ 1,728,078 | $ 1,598,307 | $ 1,728,078 |

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