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DEBT OBLIGATIONS - Line of Credit (Details) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Aug. 01, 2022
Dec. 31, 2021
Line of credit, net, balances per the consolidated balance sheets        
Line of credit, gross     $ 17,500,000  
Line of credit, net $ 27,392,000     $ 11,484,000
Line of Credit        
Line of Credit        
Maximum borrowing capacity 100,000,000      
Borrowing capacity available for renovation and operating expense purposes $ 30,000,000   $ 30,000,000  
Percentage of permitted borrowing base available for renovation and operating expense purposes 30.00%      
Line of credit, interest rate during the period 2.31% 1.86%    
Line of credit, net, balances per the consolidated balance sheets        
Line of credit, gross $ 27,500,000     11,700,000
Unamortized deferred financing costs (108,000)     (216,000)
Line of credit, net 27,392,000     $ 11,484,000
Line of Credit | Maximum        
Line of Credit        
Borrowing capacity available for renovation expenses purposes 20,000,000      
Borrowing capacity available for operating expense purposes $ 10,000,000      
Line of Credit | LIBOR        
Line of Credit        
Basis of interest rate one month LIBOR      
Applicable margin (as a percent) 1.75%      
Unused facility fee (as a percent) 0.25%      
Line of Credit | LIBOR | Minimum        
Line of Credit        
Applicable margin (as a percent) 1.75%      
Line of Credit | LIBOR | Maximum        
Line of Credit        
Applicable margin (as a percent) 3.00%