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v3.21.2

DEBT - Narrative (Details) | 6 Months Ended |  |
--- | --- | --- | ---
Jun. 30, 2021 USD ($) apartmentProperty loan | Jan. 31, 2021 USD ($) | Dec. 31, 2020 USD ($)
Line of Credit Facility [Line Items] |  |  |
Number of real estate properties, unencumbered by mortgages | apartmentProperty | 44 |  |
Number of real estate properties, unencumbered used to provide credit support | apartmentProperty | 29 |  |
Maximum borrowing capacity | $ 6,000,000.0 |  |
Revolving lines of credit | $ 87,000,000 |  | $ 152,871,000
Term | 12 months |  |
Line of Credit | Base Rate | Minimum |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | 0.35% |  |
Line of Credit | Base Rate | Maximum |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | 0.85% |  |
Line of Credit | London Interbank Offered Rate (LIBOR) | Minimum |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | 1.35% |  |
Line of Credit | London Interbank Offered Rate (LIBOR) | Maximum |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | 1.90% |  |
BMO Line of Credit | Line of Credit |  |  |
Line of Credit Facility [Line Items] |  |  |
Maximum borrowing capacity | $ 250,000,000.0 |  |
Remaining borrowing capacity | 163,000,000.0 |  |
Revolving lines of credit | $ 87,000,000.0 |  |
Mortgages |  |  |
Line of Credit Facility [Line Items] |  |  |
Number of real estate properties, serving as collateral for mortgage loans | apartmentProperty | 18 |  |
Number of material defaults or instances of noncompliance | loan | 0 |  |
Unsecured Senior Notes |  |  |
Line of Credit Facility [Line Items] |  |  |
Maximum borrowing capacity |  | $ 225,000,000.0 |
Remaining borrowing capacity |  | 50,000,000.0 |
Unsecured Senior Notes | Term Loan Maturing 2024 |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument face amount | $ 70,000,000.0 |  |
Unsecured Senior Notes | Term Loan Maturing 2025 |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument face amount | $ 75,000,000.0 |  |
Unsecured Senior Notes | Note Maturing 2029 |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument face amount |  | $ 75,000,000.0 |
Unsecured loan, fixed rate |  | 3.84% |
Unsecured Senior Notes | Note Maturing 2028 |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument face amount |  | $ 50,000,000.0 |
Unsecured loan, fixed rate |  | 3.69% |
Unsecured Senior Notes | Note Maturing 2030 |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument face amount |  | $ 50,000,000.0 |
Unsecured loan, fixed rate |  | 2.70% |

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
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