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SEGMENTS - Schedule of Revenues and Net Operating Income for Reportable Segments (Details) - USD ($) | 12 Months Ended
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Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Segment revenues and net operating income [Abstract] |  |  |
Revenue | $ 273,662,000 | $ 260,983,000 | $ 261,309,000
Property operating expenses |  |  |
On-site compensation | 28,047,000 | 27,146,000 | 27,903,000
Repairs and maintenance | 15,297,000 | 15,401,000 | 15,680,000
Utilities | 16,803,000 | 15,524,000 | 17,019,000
Administrative and marketing | 6,951,000 | 7,183,000 | 6,229,000
Insurance | 10,529,000 | 11,084,000 | 10,222,000
Real estate taxes | 28,646,000 | 26,906,000 | 28,759,000
Net operating income | 167,389,000 | 157,739,000 | 155,497,000
Property management expenses | (9,638,000) | (9,128,000) | (9,353,000)
Casualty loss | (816,000) | (3,307,000) | (2,095,000)
Depreciation and amortization | (113,231,000) | (106,450,000) | (101,678,000)
Impairment of real estate investments | (37,719,000) | 0 | (5,218,000)
General and administrative expenses | (20,918,000) | (17,802,000) | (20,080,000)
Loss (Gain) on sale of real estate and other investments | (79,470,000) | 577,000 | (71,244,000)
Interest expense | (44,884,000) | (37,280,000) | (36,429,000)
Loss on debt extinguishment | (98,000) | 0 | 0
Interest and other income | 3,409,000 | 2,613,000 | 1,207,000
Loss on litigation settlement | 0 | 0 | (3,864,000)
NET INCOME (LOSS) | 22,964,000 | (14,192,000) | 49,231,000
Operating Segments | Multifamily |  |  |
Segment revenues and net operating income [Abstract] |  |  |
Revenue | 248,177,000 | 231,359,000 | 218,119,000
Property operating expenses |  |  |
On-site compensation | 25,105,000 | 23,690,000 | 22,682,000
Repairs and maintenance | 13,547,000 | 13,197,000 | 11,910,000
Utilities | 14,836,000 | 13,275,000 | 13,092,000
Administrative and marketing | 6,224,000 | 6,076,000 | 5,009,000
Insurance | 9,364,000 | 9,616,000 | 8,223,000
Real estate taxes | 25,652,000 | 23,619,000 | 24,117,000
Net operating income | 153,449,000 | 141,886,000 | 133,086,000
All Other |  |  |
Segment revenues and net operating income [Abstract] |  |  |
Revenue | 25,485,000 | 29,624,000 | 43,190,000
Property operating expenses |  |  |
On-site compensation | 2,942,000 | 3,456,000 | 5,221,000
Repairs and maintenance | 1,750,000 | 2,204,000 | 3,770,000
Utilities | 1,967,000 | 2,249,000 | 3,927,000
Administrative and marketing | 727,000 | 1,107,000 | 1,220,000
Insurance | 1,165,000 | 1,468,000 | 1,999,000
Real estate taxes | 2,994,000 | 3,287,000 | 4,642,000
Net operating income | $ 13,940,000 | $ 15,853,000 | $ 22,411,000

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