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FAIR VALUE MEASUREMENTS - Fair Value of Derivatives (Details) | 12 Months Ended |
--- | --- | ---
Dec. 31, 2022 USD ($) item | Dec. 31, 2021 USD ($)
Interest rate derivatives | Cash flow hedges |  |
FAIR VALUE MEASUREMENTS |  |
Number of interest rate derivatives held | item | 17 |
Number of mortgage loans outstanding with related interest rate swaps | item | 17 |
Notional Amount | $ 49,222,000 |
Weighted average maturity | 1 year 8 months 12 days |
Weighted average annual interest rate (as a percent) | 4.07% |
Interest rate derivatives | Cash flow hedges | Minimum |  |
FAIR VALUE MEASUREMENTS |  |
Fixed interest rate (as a percent) | 3.02% |
Interest rate derivatives | Cash flow hedges | Maximum |  |
FAIR VALUE MEASUREMENTS |  |
Fixed interest rate (as a percent) | 4.62% |
Interest rate swap |  |
Financial assets: |  |
Financial assets, Balance Sheet Classification | Escrow, deposits and other assets and receivables | Escrow, deposits and other assets and receivables
Financial liabilities: |  |
Financial liabilities, Balance Sheet Classification | Accrued expenses and other liabilities | Accrued expenses and other liabilities
Interest rate swap | Level 2 |  |
Financial assets: |  |
Financial assets | $ 1,811,000 |
Financial liabilities: |  |
Financial liabilities |  | $ 1,514,000

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- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
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