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ORGANIZATION, BACKGROUND AND SIGNIFICANT ACCOUNTING POLICIES (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2020
USD ($)
property_Unit
property
state
segment
Dec. 31, 2019
USD ($)
Real Estate Properties    
Number of properties | property 8  
Number of states in which entity operates | state 6  
Number of units | property_Unit 1,880  
Real estate investment property, net $ 160,192 $ 169,689
Real estate investments, other $ 6,667  
Number of reportable segments | segment 1  
Multi-family residential    
Real Estate Properties    
Real estate investment property, net $ 153,600  
Operating leases, term of contract 1 year  
Multi-family residential | Building    
Real Estate Properties    
Real estate property, estimated useful life 30 years  
Southeast United States And Texas    
Real Estate Properties    
Number of states in which entity operates | state 11  
Unconsolidated joint ventures    
Real Estate Properties    
Number of properties | property 31  
Number of states in which entity operates | state 9  
Number of units | property_Unit 9,162  
Real estate investment property, net $ 1,075,178 $ 1,070,941
Net equity investments $ 169,400