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v3.22.4

SEGMENTS - Revenues and Net Operating Income for Reportable Segments (Details) $ in Thousands | 12 Months Ended
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Dec. 31, 2022 USD ($) segment | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($)
Segment Reporting Information [Line Items] |  |  |
Number of reportable segments | segment | 1 |  |
Segment Reporting Information, Profit (Loss) [Abstract] |  |  |
Revenue | $ 256,716 | $ 201,705 | $ 177,994
Property operating expenses, including real estate taxes | 108,637 | 81,857 | 73,158
Net operating income | 148,079 | 119,848 | 104,836
Property management expenses | (9,895) | (8,752) | (5,801)
Casualty loss | (1,591) | (344) | (1,662)
Depreciation and amortization | (105,257) | (92,165) | (75,593)
General and administrative expenses | (17,516) | (16,213) | (13,440)
Gain (loss) on sale of real estate and other investments | 41 | 27,518 | 25,503
Interest expense | (32,750) | (29,078) | (27,525)
Interest and other income (loss) | 1,248 | (2,915) | (1,575)
Net income (loss) | (17,641) | (2,101) | 4,743
Multifamily |  |  |
Segment Reporting Information, Profit (Loss) [Abstract] |  |  |
Revenue | 252,950 | 195,624 | 164,126
Property operating expenses, including real estate taxes | 107,431 | 79,096 | 66,356
Net operating income | 145,519 | 116,528 | 97,770
All Other |  |  |
Segment Reporting Information, Profit (Loss) [Abstract] |  |  |
Revenue | 3,766 | 6,081 | 13,868
Property operating expenses, including real estate taxes | 1,206 | 2,761 | 6,802
Net operating income | $ 2,560 | $ 3,320 | $ 7,066

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