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DEBT - Debt Activity (Details) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2024 | Dec. 31, 2024 | Dec. 31, 2023
Debt [Roll Forward] |  |  |
Long-term debt, beginning balance |  | $ 471,561 |
Repayments |  | (173,138) |
Accretion & (Amortization) |  | 2,134 | $ 2,286
Amortization of debt discount (premium) |  | 24 | (59)
Accretion & (Amortization) |  | 1,410 |
Net proceeds |  | 205,899 |
Long-term debt, ending balance | $ 505,732 | 505,732 | 471,561
Outstanding, ending balance | 511,734 | 511,734 |
Write off deferred debt issuance costs |  | 491 | 0
Mortgages Payable |  |  |
Debt [Roll Forward] |  |  |
Outstanding, beginning balance |  | 250,700 |
Deferred debt origination costs — other | (3,995) | (3,995) | (954)
Long-term debt, beginning balance |  | 249,746 |
Debt Issuances & Assumptions |  | 189,746 |
Payments of debt issuances & assumptions |  | (3,828) |
Repayments |  | 0 |
Accretion & (Amortization) |  | 787 |
Net proceeds |  | 185,918 |
Long-term debt, ending balance | 436,451 | 436,451 | 249,746
Outstanding, ending balance | 440,446 | 440,446 | 250,700
Mortgages Payable | Fixed rate mortgages payable |  |  |
Debt [Roll Forward] |  |  |
Outstanding, beginning balance |  | 163,700 |
Debt Issuances & Assumptions |  | 105,400 |
Repayments |  | 0 |
Outstanding, ending balance | 269,100 | 269,100 | 163,700
Mortgages Payable | Variable rate mortgages payable |  |  |
Debt [Roll Forward] |  |  |
Outstanding, beginning balance |  | 87,000 |
Debt Issuances & Assumptions |  | 84,346 |
Repayments |  | 0 |
Outstanding, ending balance | 171,346 | 171,346 | 87,000
Secured Borrowings Principal |  |  |
Debt [Roll Forward] |  |  |
Outstanding, beginning balance |  | 3,007 |
Long-term debt, beginning balance |  | 3,107 |
Premiums (discounts), beginning balance |  | 100 |
Repayments |  | (1,646) |
Amortization of debt discount (premium) |  | (78) |
Premiums (discounts), ending balance | 22 | 22 | 100
Long-term debt, ending balance | 1,383 | 1,383 | 3,107
Outstanding, ending balance | 1,361 | 1,361 | 3,007
Other Debt |  |  |
Debt [Roll Forward] |  |  |
Long-term debt, beginning balance |  | 218,708 |
Repayments |  | (171,492) |
Accretion & (Amortization) |  | 701 |
Net proceeds |  | 19,981 |
Long-term debt, ending balance | 67,898 | 67,898 | 218,708
Outstanding, ending balance | 54,927 | 54,927 |
Line of Credit |  |  |
Debt [Roll Forward] |  |  |
Outstanding, ending balance | 15,000 | 15,000 |
Line of Credit | Revolving Credit Facility |  |  |
Debt [Roll Forward] |  |  |
Outstanding, ending balance | 15,000 | 15,000 |
Line of Credit | Revolving Credit Facility | 2022 credit facility revolver |  |  |
Debt [Roll Forward] |  |  |
Outstanding, beginning balance |  | 97,000 |
Debt Issuances & Assumptions |  | 20,000 |
Repayments |  | (115,633) |
Outstanding, ending balance | 1,367 | 1,367 | 97,000
Write off deferred debt issuance costs | 1,100 |  |
Line of Credit | 2022 credit facility term loan |  |  |
Debt [Roll Forward] |  |  |
Outstanding, beginning balance |  | 56,230 |
Debt Issuances & Assumptions |  | 0 |
Repayments |  | (42,597) |
Outstanding, ending balance | 13,633 | 13,633 | 56,230
Write off deferred debt issuance costs |  | 275 |
Junior subordinated notes |  |  |
Debt [Roll Forward] |  |  |
Outstanding, beginning balance |  | 27,070 |
Premiums (discounts), beginning balance |  | (1,398) |
Debt Issuances & Assumptions |  | 0 |
Repayments |  | 0 |
Accretion & (Amortization) |  | 102 |
Premiums (discounts), ending balance | (1,296) | (1,296) | (1,398)
Outstanding, ending balance | 27,070 | 27,070 | 27,070
SBA 7(a) loan-backed notes |  |  |
Debt [Roll Forward] |  |  |
Outstanding, beginning balance |  | 41,394 |
Debt Issuances & Assumptions |  | 0 |
Repayments |  | (13,537) |
Outstanding, ending balance | 27,857 | 27,857 | 41,394
Deferred debt issuance costs — other |  |  |
Debt [Roll Forward] |  |  |
Deferred debt origination costs — other | $ (733) | (733) | $ (1,588)
Payments of debt issuances & assumptions |  | (19) |
Repayments |  | (275) |
Accretion & (Amortization) |  | $ 599 |

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- Definition Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-3 + Details
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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-4 + Details
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