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REAL ESTATE PROPERTIES (Details)
3 Months Ended 9 Months Ended
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2023
USD ($)
Integer
Sep. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
Real Estate Properties [Line Items]          
Number of Reporting Units | Integer     1    
Depreciation Expense $ 35,031,000 $ 32,052,000 $ 103,567,000 $ 92,159,000  
Real Estate Properties          
Land 808,077,000   808,077,000   $ 730,445,000
Building and building improvements 3,271,579,000   3,271,579,000   3,012,319,000
Tenant and other improvements 678,359,000   678,359,000   633,817,000
Right of use assets - Ground leases (operating) [1] 18,340,000   18,340,000   19,391,000
Development and value-add properties [2] 552,461,000   552,461,000   538,449,000
Real estate, development and value-add properties 5,328,816,000   5,328,816,000   4,934,421,000
Less accumulated depreciation (1,246,312,000)   (1,246,312,000)   (1,150,814,000)
Real estate, net $ 4,082,504,000   $ 4,082,504,000   $ 3,783,607,000
Building [Member]          
Real Estate Properties [Line Items]          
Property, Plant and Equipment, Useful Life 40 years   40 years    
Minimum [Member] | Building and Building Improvements          
Real Estate Properties [Line Items]          
Property, Plant and Equipment, Useful Life 3 years   3 years    
Maximum [Member] | Building and Building Improvements          
Real Estate Properties [Line Items]          
Property, Plant and Equipment, Useful Life 15 years   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 the acquisition date based on near term lease termination), or (2) 20% or greater of the acquisition cost will be spent to redevelop the property.