ORGANIZATION, BACKGROUND AND SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	12 Months Ended
Dec. 31, 2021 USD ($) state segment multi-familyProperty property_unit property	Dec. 31, 2020 USD ($)
Real Estate Properties
Number of properties \| property	8
Number of states in which entity operates \| state	7
Number of Units \| property_unit	2,576
Real estate properties, net	$ 293,550	$ 160,192
Net equity investments	112,347	169,474
Real estate investments, other	$ 6,400
Number of reportable segments \| segment	1
Multi-family
Real Estate Properties
Operating leases, term of contract	1 year
Multi-family \| 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 Units \| property_unit	6,697
Unconsolidated joint ventures
Real Estate Properties
Number of properties \| property	23
Number of states in which entity operates \| state	8
Real estate properties, net	$ 734,247	$ 1,075,178
Number of investments \| multi-familyProperty	23
Net equity investments	$ 112,347
Multi-family
Real Estate Properties
Number of properties \| multi-familyProperty	10
Real estate properties, net	$ 291,538

Equity Method Investments, Number Of Investments

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This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.

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- Definition

Term of lessor's operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.

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The number of real estate properties owned as of the balance sheet date.

+ References

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Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements.

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The number of states the entity operates in as of the balance sheet date.

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The number of units in a real estate property owned as of the balance sheet date.

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Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.

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Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.

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Amount of real estate owned for income production and capital accretion potential, not otherwise specified in the existing taxonomy. Such real estate excludes that which is occupied or used in the business, for entertainment purposes, or held in inventory for specific purposes.

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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