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SEGMENTS - Schedule of Revenues and Net Operating Income for Reportable Segments (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment revenues and net operating income [Abstract]        
Revenue $ 71,399,000 $ 65,025,000 $ 207,041,000 $ 194,574,000
Property operating expenses        
On-site compensation 7,440,000 6,807,000 21,401,000 20,251,000
Repairs and maintenance 4,668,000 4,099,000 11,771,000 11,193,000
Utilities 4,366,000 3,849,000 12,988,000 11,599,000
Administrative and marketing 1,927,000 1,881,000 5,282,000 5,168,000
Insurance 2,809,000 2,992,000 7,689,000 8,289,000
Real estate taxes 7,165,000 7,031,000 22,506,000 20,417,000
Net operating income 43,024,000 38,366,000 125,404,000 117,657,000
Property management expense (2,489,000) (2,242,000) (7,315,000) (6,794,000)
Casualty (loss) gain (127,000) 412,000 (1,058,000) (918,000)
Depreciation and amortization (29,056,000) (26,084,000) (83,807,000) (78,810,000)
Impairment of real estate investments (8,676,000) 0 (23,219,000) 0
General and administrative expenses (4,997,000) (4,102,000) (14,376,000) (12,941,000)
Gain on sale of real estate and other investments 79,531,000 0 79,531,000 (577,000)
Interest expense (12,989,000) (8,946,000) (33,348,000) (27,485,000)
Loss on debt extinguishment (3,000) 0 (3,000) 0
Interest and other income 1,190,000 645,000 2,633,000 1,462,000
NET INCOME (LOSS) 65,408,000 (1,951,000) 44,442,000 (8,406,000)
Operating Segments | Multifamily        
Segment revenues and net operating income [Abstract]        
Revenue 63,821,000 57,896,000 183,999,000 172,438,000
Property operating expenses        
On-site compensation 6,522,000 5,922,000 18,742,000 17,586,000
Repairs and maintenance 4,157,000 3,589,000 10,235,000 9,610,000
Utilities 3,822,000 3,340,000 11,148,000 9,919,000
Administrative and marketing 1,722,000 1,603,000 4,629,000 4,356,000
Insurance 2,490,000 2,609,000 6,700,000 7,157,000
Real estate taxes 6,311,000 6,218,000 19,845,000 17,953,000
Net operating income 38,797,000 34,615,000 112,700,000 105,857,000
All Other        
Segment revenues and net operating income [Abstract]        
Revenue 7,578,000 7,129,000 23,042,000 22,136,000
Property operating expenses        
On-site compensation 918,000 885,000 2,659,000 2,665,000
Repairs and maintenance 511,000 510,000 1,536,000 1,583,000
Utilities 544,000 509,000 1,840,000 1,680,000
Administrative and marketing 205,000 278,000 653,000 812,000
Insurance 319,000 383,000 989,000 1,132,000
Real estate taxes 854,000 813,000 2,661,000 2,464,000
Net operating income $ 4,227,000 $ 3,751,000 $ 12,704,000 $ 11,800,000