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INVESTMENTS IN WATER ASSETS (Tables) | 6 Months Ended
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Jun. 30, 2025
Real Estate [Abstract] |
Schedule of Water Asset Investments | The following table summarizes the total acre-feet of banked water obtained through exercising these contracts as of June 30, 2025 (dollars in thousands):
Period Acquired |  | Acre-feet of Banked Water Available to Purchase per Contract |  | Acre-feet of Banked Water Purchased(1) |  | Value Attributed to Contract(2) |  | Cost to Exercise Contract |  | Total Carrying Value of Banked Water Purchased
Three months ended December 31, 2023 |  | 1,003 |  | 1,003 |  | $ | 401 |  |  | $ | 62 |  |  | $ | 463 |
Three months ended March 31, 2024 |  | 2,306 |  | 2,306 |  | 923 |  |  | 141 |  |  | 1,064 |
Total |  | 3,309 |  | 3,309 |  | $ | 1,324 |  |  | $ | 203 |  |  | $ | 1,527 |
(1)All contracts to purchase additional banked water were exercised in the same quarter in which the respective contract was conveyed to us. (2)Represents noncash income received during the respective periods. The straight-line impact of these receipts is included within Lease revenue, net on the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income.

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