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v3.23.1

SEGMENTS - Revenues and Net Operating Income for Reportable Segments (Details) | 3 Months Ended
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Mar. 31, 2023 USD ($) apartmentUnit segment | Mar. 31, 2022 USD ($)
Segment Reporting Information [Line Items] |  |
Number of reportable segments | segment | 1 |
Segment revenues and net operating income [Abstract] |  |
Revenue | $ 67,897,000 | $ 60,314,000
Property operating expenses, including real estate taxes | 28,923,000 | 25,873,000
Net operating income | 38,974,000 | 34,441,000
Property management | (2,568,000) | (2,253,000)
Casualty gain (loss) | (252,000) | (598,000)
Depreciation and amortization | (25,993,000) | (31,001,000)
General and administrative expenses | (7,723,000) | (4,500,000)
Gain (loss) on sale of real estate and other investments | 60,159,000 | 0
Interest expense | (10,319,000) | (7,715,000)
Interest and other income (loss) | 49,000 | 1,063,000
Net income (loss) | 52,327,000 | (10,563,000)
Multifamily |  |
Segment revenues and net operating income [Abstract] |  |
Revenue | 62,498,000 | 54,916,000
Property operating expenses, including real estate taxes | 25,903,000 | 23,080,000
Net operating income | 36,595,000 | 31,836,000
All Other |  |
Segment revenues and net operating income [Abstract] |  |
Revenue | 5,399,000 | 5,398,000
Property operating expenses, including real estate taxes | 3,020,000 | 2,793,000
Net operating income | $ 2,379,000 | $ 2,605,000
All Other | Disposed of by Sale |  |
Segment Reporting Information [Line Items] |  |
Number of properties sold | apartmentUnit | 9 |

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