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REAL ESTATE PROPERTIES (Details)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Sep. 30, 2021
USD ($)
Integer
Sep. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
Real Estate Properties [Line Items]          
Number of Reporting Units | Integer     1    
Depreciation Expense During the Period $ 26,599,000 $ 24,087,000 $ 77,604,000 $ 70,989,000  
Percentage of occupancy to qualify as value-add property     75.00%   75.00%
Percentage of acquisition price to be spent on capital items to qualify as value-add property     20.00%   20.00%
Real Estate Properties          
Land 533,792,000   $ 533,792,000   $ 502,739,000
Building and building improvements 2,365,115,000   2,365,115,000   2,120,731,000
Tenant and other improvements 562,785,000   562,785,000   524,954,000
Right of use assets - Ground leases (operating) [1] 23,051,000   23,051,000   11,073,000
Development and value-add properties [2] 352,344,000   352,344,000   359,588,000
Real estate, development and value-add properties 3,837,087,000   3,837,087,000   3,519,085,000
Less accumulated depreciation (1,031,027,000)   (1,031,027,000)   (955,328,000)
Real estate, net $ 2,806,060,000   $ 2,806,060,000   $ 2,563,757,000
Building [Member]          
Real Estate Properties [Line Items]          
Property, Plant and Equipment, Useful Life     40 years    
Minimum [Member] | Improvements [Member]          
Real Estate Properties [Line Items]          
Property, Plant and Equipment, Useful Life     3 years    
Maximum [Member] | Improvements [Member]          
Real Estate Properties [Line Items]          
Property, Plant and Equipment, Useful Life     15 years    
[1] EastGroup applies the principles of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 842, Leases, and its related Accounting Standards Updates (“ASUs”) to account for its ground leases, which are classified as operating leases. The related operating lease liabilities for ground leases are included in Other liabilities on the Consolidated Balance Sheets.
[2] Value-add properties are defined as properties that are either acquired but not stabilized or can be converted to a higher and better use.  Acquired properties meeting either of the following two conditions are considered value-add properties:  (1) Less than 75% occupied as of the acquisition date (or will be less than 75% occupied within one year of acquisition date based on near term lease roll), or (2) 20% or greater of the acquisition cost will be spent to redevelop the property.