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FAIR VALUE MEASUREMENTS - Mortgages Payable (Details) - Mortgages payable $ in Thousands | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2024 USD ($) Y | Dec. 31, 2023 USD ($) Y
FAIR VALUE MEASUREMENTS |  |
Fair value of mortgages payable | $ 417,099 | $ 397,031
Carrying value of mortgages payable, gross | 430,524 | 422,565
Fair value less than carrying value | $ (13,425) | $ (25,534)
Weighted average interest rate | 4.53% | 4.31%
Discount Rate |  |
FAIR VALUE MEASUREMENTS |  |
Long-term debt, measurement input | 0.0552 | 0.0593
Expected Term |  |
FAIR VALUE MEASUREMENTS |  |
Long-term debt, measurement input | Y | 6.2 | 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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