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INCOME TAXES - Schedule of Components of Income Tax Expense and Total Provision (Benefit) for TRS and Operating Partnership (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Current:      
Federal $ 989 $ 1,151 $ 1,953
State and local 1,567 1,563 1,717
Deferred:      
Federal (8,879) 84 (59)
State and local (2,420) 0 0
Income tax (benefit) expense $ (8,743) $ 2,798 $ 3,611