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SEGMENT REPORTING - Revenues and Net Operating Income for Reportable Segments (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Sep. 30, 2021
USD ($)
segment
Sep. 30, 2020
USD ($)
Segment Reporting Information [Line Items]        
Number of reportable segments | segment     1  
Segment revenues and net operating income [Abstract]        
Revenue $ 50,413 $ 44,138 $ 143,717 $ 132,454
Property operating expenses, including real estate taxes 20,350 18,531 58,351 55,234
Net operating income 30,063 25,607 85,366 77,220
Property management (2,203) (1,442) (6,055) (4,341)
Casualty gain (loss) 10 (91) (64) (1,331)
Depreciation and amortization (22,447) (18,995) (61,747) (55,311)
General and administrative expenses (4,279) (3,077) (11,982) (9,707)
Interest expense (7,302) (6,771) (21,622) (20,622)
Interest and other income (loss) (5,082) 277 (4,032) (1,979)
Income (loss) before gain (loss) on sale of real estate and other investments (11,240) (4,492) (20,136) (16,071)
Gain (loss) on sale of real estate and other investments 0 25,676 26,840 25,486
Net income (loss) (11,240) 21,184 6,704 9,415
Multifamily        
Segment revenues and net operating income [Abstract]        
Revenue 49,248 40,688 138,447 120,946
Property operating expenses, including real estate taxes 20,066 16,900 55,907 49,626
Net operating income 29,182 23,788 82,540 71,320
All Other        
Segment revenues and net operating income [Abstract]        
Revenue 1,165 3,450 5,270 11,508
Property operating expenses, including real estate taxes 284 1,631 2,444 5,608
Net operating income $ 881 $ 1,819 $ 2,826 $ 5,900