ORGANIZATION, BACKGROUND AND SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	12 Months Ended
Dec. 31, 2024 USD ($) multi-familyProperty property_unit state segment	Dec. 31, 2023 USD ($)
Real Estate Properties
Number of states in which entity operates \| state	11
Number of units \| property_unit	5,420
Real estate properties, net	$ 615,915	$ 635,836
Net equity investments	$ 31,344	34,242
Number of reportable segments \| segment	1
Preferred Loan Interests
Real Estate Properties
Carrying value	$ 17,667
Consolidated And Unconsolidated Subsidiaries
Real Estate Properties
Carrying value	$ 1,765
Unconsolidated Joint Ventures
Real Estate Properties
Number of units \| property_unit	2,527
Real estate properties, net	$ 318,594	$ 275,874
Unconsolidated Joint Ventures \| Unconsolidated Joint Ventures
Real Estate Properties
Number of states in which entity operates \| state	4
Number of investments \| multi-familyProperty	8
Net equity investments	$ 31,258
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
Multi-family
Real Estate Properties
Number of properties \| multi-familyProperty	21
Real estate properties, net	$ 614,235
Multi-family \| Preferred Loan Interests
Real Estate Properties
Number of properties \| multi-familyProperty	2
Multi-family \| Consolidated And Unconsolidated Subsidiaries
Real Estate Properties
Number of properties \| multi-familyProperty	29

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition

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

+ References

No definition available.

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- Definition

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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- Definition

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

+ References

No definition available.

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- Definition

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

+ References

No definition available.

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- Definition

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.

+ References

No definition available.

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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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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition

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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- Definition

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.

+ References

No definition available.

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