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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