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SEGMENTS - Revenues and Net Operating Income for Reportable Segments (Details)
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
USD ($)
apartmentCommunity
Sep. 30, 2023
USD ($)
apartmentCommunity
Sep. 30, 2024
USD ($)
segment
apartmentCommunity
Sep. 30, 2023
USD ($)
apartmentCommunity
Dec. 31, 2023
USD ($)
Segment Reporting Information [Line Items]          
Number of reportable segments | segment     1    
Segment revenues and net operating income [Abstract]          
Revenue $ 65,025,000 $ 64,568,000 $ 194,574,000 $ 197,241,000  
Property operating expenses, including real estate taxes 26,659,000 26,745,000 76,917,000 80,714,000  
Net operating income 38,366,000 37,823,000 117,657,000 116,527,000  
Property management expense (2,242,000) (2,197,000) (6,794,000) (7,012,000)  
Casualty gain (loss) 412,000 (937,000) (918,000) (1,242,000)  
Depreciation and amortization (26,084,000) (24,697,000) (78,810,000) (75,061,000)  
General and administrative expenses (4,102,000) (3,832,000) (12,941,000) (15,717,000)  
Gain on sale of real estate and other investments 0 11,235,000 (577,000) 71,327,000  
Loss on litigation settlement 0 0 0 (2,864,000) $ (1,000,000.0)
Interest expense (8,946,000) (8,556,000) (27,485,000) (27,516,000)  
Interest and other income 645,000 330,000 1,462,000 674,000  
Net income (loss) (1,951,000) 9,169,000 (8,406,000) 59,116,000  
All Other          
Segment revenues and net operating income [Abstract]          
Revenue 568,000 3,779,000 2,312,000 16,482,000  
Property operating expenses, including real estate taxes 229,000 1,727,000 974,000 7,943,000  
Net operating income $ 339,000 $ 2,052,000 $ 1,338,000 $ 8,539,000  
Disposed of by Sale          
Segment Reporting Information [Line Items]          
Number of properties sold | apartmentCommunity 0 4 2 13  
Multifamily | Operating Segments          
Segment revenues and net operating income [Abstract]          
Revenue $ 64,457,000 $ 60,789,000 $ 192,262,000 $ 180,759,000  
Property operating expenses, including real estate taxes 26,430,000 25,018,000 75,943,000 72,771,000  
Net operating income $ 38,027,000 $ 35,771,000 $ 116,319,000 $ 107,988,000