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REAL ESTATE PROPERTIES (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
Integer
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Real Estate Properties [Line Items]          
Number of Reporting Units | Integer     1    
Depreciation Expense $ 37,646 $ 34,690 $ 74,851 $ 68,536  
Real Estate Properties          
Land 850,349   850,349   $ 814,364
Building and building improvements 3,459,744   3,459,744   3,336,615
Tenant and other improvements 711,773   711,773   684,573
Right of use assets - Ground leases (operating) [1] 17,333   17,333   17,996
Development and value-add properties [2] 693,072   693,072   639,647
Real estate, development and value-add properties 5,732,271   5,732,271   5,493,195
Less accumulated depreciation (1,336,535)   (1,336,535)   (1,273,723)
Real estate, net $ 4,395,736   $ 4,395,736   $ 4,219,472
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 in Note 6.