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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) - USD ($)
12 Months Ended
Feb. 14, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Common stock, Par value per share   $ 0.01 $ 0.01  
Gain on contribution to joint venture   $ 20,976,000    
Number of reportable segments   1    
Residential condominium units-for-sale, provision for impairment     $ 0 $ 0
Long-lived assets, provision for impairment     0 $ 0
Minimum annual management fee   $ 400,000    
Minimum percentage of annual management on borrowings   1.25%    
Unrecognized tax benefits   $ 0 0  
Antidilutive securities excluded from computation of earnings per share   0    
TPHGreenwich        
Investments in unconsolidated joint venture   $ 0    
Unrecorded share of suspended losses   $ 27,600,000    
TPHGreenwich | TPHS Investor LLC        
Percentage of equity interest acquired 5.00%      
Stock Purchase Agreement | Legacy Investor        
Purchase of common stock 25,112,245      
Common stock, Par value per share $ 0.01      
Purchase price per share $ 0.30      
Corporate Credit Facility        
Unamortized deferred finance costs     $ 334,000  
Restricted Stock        
Antidilutive securities excluded from computation of earnings per share     52,015