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INVESTMENT IN VAA (Details) - USD ($) $ in Thousands | 1 Months Ended | 3 Months Ended | 12 Months Ended
--- | --- | --- | ---
Dec. 31, 2018 | Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Balance Sheet |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net real estate assets | $ 381,043 | $ 387,790 |  |  |  | $ 381,043 |  |  |  |  |  |  |  | $ 387,790 | $ 381,043 |
Other assets | 66,055 | 49,689 |  |  |  | 66,055 |  |  |  |  |  |  |  | 49,689 | 66,055 |
Total equity | (258,325) | (239,499) |  |  |  | (258,325) |  |  |  |  |  |  |  | (239,499) | (258,325) |
Results of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | 12,258 | $ 11,943 | $ 11,840 | $ 11,929 | 24,857 | $ 33,409 | $ 31,607 | $ 31,083 | $ 31,005 | $ 31,807 | $ 31,587 | $ 31,822 | 47,970 | 120,956 | $ 126,221
Total property, operating, and maintenance expenses |  | (15,688) | $ (13,809) | $ (16,217) | $ (13,664) | (24,717) | $ (28,199) | $ (27,990) | $ (26,165) | $ (28,292) | $ (26,397) | $ (26,759) | $ (27,345) | (59,378) | (107,071) | (108,793)
Depreciation and Amortization |  |  |  |  |  |  |  |  |  |  |  |  |  | (13,379) | (22,670) | (25,679)
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  | 461 | 1,469 | $ 309
Victory Abode Apartments, LLC [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance Sheet |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net real estate assets | 1,257,557 | 1,242,957 |  |  |  | 1,257,557 |  |  |  |  |  |  |  | 1,242,957 | 1,257,557 |
Other assets | 67,020 | 62,222 |  |  |  | 67,020 |  |  |  |  |  |  |  | 62,222 | 67,020 |
Debt, net | (791,225) | (832,779) |  |  |  | (791,225) |  |  |  |  |  |  |  | (832,779) | (791,225) |
Other liabilities | (280,288) | (271,291) |  |  |  | (280,288) |  |  |  |  |  |  |  | (271,291) | (280,288) |
Total equity | (253,064) | $ (201,109) |  |  |  | $ (253,064) |  |  |  |  |  |  |  | (201,109) | $ (253,064) |
Results of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue | 12,887 |  |  |  |  |  |  |  |  |  |  |  |  | 115,377 |  |
Total property, operating, and maintenance expenses | (4,507) |  |  |  |  |  |  |  |  |  |  |  |  | (56,967) |  |
Interest expense | (5,818) |  |  |  |  |  |  |  |  |  |  |  |  | (61,487) |  |
Depreciation and Amortization | (6,987) |  |  |  |  |  |  |  |  |  |  |  |  | (43,942) |  |
Total other expense | (5,297) |  |  |  |  |  |  |  |  |  |  |  |  | (3,377) |  |
Net loss | (9,722) |  |  |  |  |  |  |  |  |  |  |  |  | (50,396) |  |
Adjustments to reconcile to income (loss) from VAA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense on mezzanine loan | 2,815 |  |  |  |  |  |  |  |  |  |  |  |  | 25,014 |  |
In-place lease intangibles amortization expense | (3,983) |  |  |  |  |  |  |  |  |  |  |  |  | (14,703) |  |
Depreciation basis differences | 3,012 |  |  |  |  |  |  |  |  |  |  |  |  | 5,132 |  |
Net loss | $ 88 |  |  |  |  |  |  |  |  |  |  |  |  | $ (5,547) |  |
Percentage ownership in VAA | 50.00% | 50.00% |  |  |  | 50.00% |  |  |  |  |  |  |  | 50.00% | 50.00% |
Loss from VAA | $ 44 |  |  |  |  |  |  |  |  |  |  |  |  | $ (2,774) |  |

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