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v3.23.2

SEGMENTS - Revenues and Net Operating Income for Reportable Segments (Details) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 USD ($) apartmentCommunity | Jun. 30, 2022 USD ($) apartmentCommunity | Jun. 30, 2023 USD ($) apartmentCommunity segment | Jun. 30, 2022 USD ($) apartmentCommunity
Segment Reporting Information [Line Items] |  |  |  |
Number of reportable segments | segment |  |  | 1 |
Segment revenues and net operating income [Abstract] |  |  |  |
Revenue | $ 64,776 | $ 63,116 | $ 132,673 | $ 123,430
Property operating expenses, including real estate taxes | 25,046 | 26,216 | 53,969 | 52,089
Net operating income | 39,730 | 36,900 | 78,704 | 71,341
Property management | (2,247) | (2,721) | (4,815) | (4,974)
Casualty loss | (53) | (382) | (305) | (980)
Depreciation and amortization | (24,371) | (24,768) | (50,364) | (55,769)
General and administrative expenses | (4,162) | (5,221) | (11,885) | (9,721)
Gain (loss) on sale of real estate and other investments | (67) | 27 | 60,092 | 27
Loss on litigation settlement | (2,864) | 0 | (2,864) | 0
Interest expense | (8,641) | (7,561) | (18,960) | (15,276)
Interest and other income | 295 | (17) | 344 | 1,046
Net loss | (2,380) | (3,743) | 49,947 | (14,306)
Multifamily |  |  |  |
Segment revenues and net operating income [Abstract] |  |  |  |
Revenue | 63,733 | 57,436 | 126,230 | 112,352
Property operating expenses, including real estate taxes | 24,730 | 23,398 | 50,633 | 46,478
Net operating income | 39,003 | 34,038 | 75,597 | 65,874
All Other |  |  |  |
Segment revenues and net operating income [Abstract] |  |  |  |
Revenue | 1,043 | 5,680 | 6,443 | 11,078
Property operating expenses, including real estate taxes | 316 | 2,818 | 3,336 | 5,611
Net operating income | $ 727 | $ 2,862 | $ 3,107 | $ 5,467
All Other | Disposed of by Sale |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Number of properties sold | apartmentCommunity | 0 | 0 | 9 | 0

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