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SEGMENTS - Schedule of Revenues and Net Operating Income for Reportable Segments (Details) - USD ($) | 3 Months Ended
--- | ---
Mar. 31, 2026 | Mar. 31, 2025
Segment revenues and net operating income [Abstract] |  |
Revenue | $ 65,069,000 | $ 67,093,000
Property operating expenses |  |
On-site compensation | 6,418,000 | 6,872,000
Repairs and maintenance | 3,022,000 | 3,189,000
Utilities | 4,502,000 | 4,857,000
Administrative and marketing | 1,837,000 | 1,559,000
Insurance | 2,463,000 | 2,591,000
Real estate taxes | 7,332,000 | 7,663,000
Net operating income | 39,495,000 | 40,362,000
Property management expense | (2,379,000) | (2,433,000)
Casualty loss, net of recoveries | 21,000 | (532,000)
Depreciation and amortization | (26,498,000) | (27,654,000)
Impairment of real estate investments | (9,700,000) | 0
General and administrative expenses | (6,332,000) | (4,997,000)
Interest expense | (10,470,000) | (9,635,000)
Interest and other income | 890,000 | 708,000
NET LOSS | (14,973,000) | (4,181,000)
Operating Segments | Multifamily |  |
Segment revenues and net operating income [Abstract] |  |
Revenue | 64,156,000 | 59,403,000
Property operating expenses |  |
On-site compensation | 6,418,000 | 6,012,000
Repairs and maintenance | 2,991,000 | 2,731,000
Utilities | 4,465,000 | 4,129,000
Administrative and marketing | 1,837,000 | 1,351,000
Insurance | 2,446,000 | 2,215,000
Real estate taxes | 7,139,000 | 6,730,000
Net operating income | 38,860,000 | 36,235,000
All Other |  |
Segment revenues and net operating income [Abstract] |  |
Revenue | 913,000 | 7,690,000
Property operating expenses |  |
On-site compensation | 0 | 860,000
Repairs and maintenance | 31,000 | 458,000
Utilities | 37,000 | 728,000
Administrative and marketing | 0 | 208,000
Insurance | 17,000 | 376,000
Real estate taxes | 193,000 | 933,000
Net operating income | $ 635,000 | $ 4,127,000

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