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FAIR VALUE MEASUREMENTS - Mortgages Payable (Details) - Mortgages payable $ in Thousands | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2024 USD ($) Y | Dec. 31, 2023 USD ($) Y
FAIR VALUE MEASUREMENTS |  |
Fair value of mortgages payable | $ 392,896 | $ 397,031
Carrying value of mortgages payable, gross | 419,765 | 422,565
Fair value less than carrying value | $ (26,869) | $ (25,534)
Weighted average interest rate | 4.41% | 4.31%
Blended market interest rate |  |
FAIR VALUE MEASUREMENTS |  |
Long-term debt, measurement input | 0.0618 | 0.0593
Weighted average remaining term to maturity (years) |  |
FAIR VALUE MEASUREMENTS |  |
Long-term debt, measurement input | Y | 6.0 | 5.9

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- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations before netting of deferred finance costs. Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. + References No definition available. + Details
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- Definition Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-10 + Details
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- Definition Value of input used to measure long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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