FINANCIAL ASSETS
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Number of material defaults or instances of noncompliance
Number of Loans in Default
Refers to number of loans in default
Hedging Designation [Domain]
Hedging Designation [Domain]
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Supplemental Cash Flow Information [Abstract]
Distribution rate
Temporary Equity, Distribution Rate
Temporary Equity, Distribution Rate
Restricted Cash and Cash Equivalents [Axis]
Restricted Cash and Cash Equivalents [Axis]
Fair Value Hierarchy and NAV [Domain]
Fair Value Hierarchy and NAV [Domain]
Net income (loss) attributable to controlling interests
Net income (loss) attributable to controlling interests
Net Income (Loss) Attributable to Parent
Entity Emerging Growth Company
Entity Emerging Growth Company
Change in value of Series D preferred units
Temporary Equity, Carrying Amount, Period Increase (Decrease)
Schedule of Acquisitions
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
Number of real estate properties, unencumbered used to provide credit support
Number Of Real Estate Properties, Unencumbered, Used To Provide Credit Support
Number Of Real Estate Properties, Unencumbered, Used To Provide Credit Support
Preferred shares of beneficial interest, shares outstanding (in shares)
Preferred Stock, Shares Outstanding
Income Statement Location [Axis]
Income Statement Location [Axis]
Interest Rate Contract
Interest Rate Contract [Member]
Statistical Measurement [Domain]
Statistical Measurement [Domain]
Entity Address, Address Line One
Entity Address, Address Line One
Entity Address, Address Line Two
Entity Address, Address Line Two
Aggregate Amount of Required Future Principal Payments on Mortgages Payable
Schedule of Maturities of Long-term Debt [Table Text Block]
Total derivative instruments designated as hedging instruments - interest rate swaps
Derivative instruments - interest rate swaps
Derivative Liability
Sale Price
Disposal Group, Including Discontinued Operation, Consideration
Entity Filer Category
Entity Filer Category
Conversion of Stock [Table]
Conversion of Stock [Table]
Real Estate Properties [Line Items]
Real Estate Properties [Line Items]
Dividends to preferred shareholders
Distributions - Series C preferred shares
Dividends, Preferred Stock
Acquisition of redeemable noncontrolling interests
Partners' Capital Account, Redemptions, Prior Period Adjustment
Total change in each class of partners' capital accounts during the year due to prior period adjustments of redemptions and adjustments to redemption value. All partners include general, limited and preferred partners.
Reduction in revenue
Revenue Reduction Due To Rental Abatements, Amount
Revenue Reduction Due To Rental Abatements, Amount
Discount (premium) on redemption of preferred shares
Redemption of preferred shares
Preferred Stock Redemption Discount
Preferred units, shares outstanding (in shares)
Temporary Equity, Shares Outstanding
Rental Income
Rental Income [Member]
Rental Income [Member]
Series D Preferred Units
Series D Preferred Units [Member]
Series D Preferred Units [Member]
Number of acquisitions
Number of Businesses Acquired
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]
Segments [Axis]
Segments [Axis]
Dividend yield
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
Conversion of Stock [Line Items]
Conversion of Stock [Line Items]
Expected volatility
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate
2023
Long-Term Debt, Maturity, Year Two
Class of Financing Receivable [Axis]
Class of Financing Receivable [Axis]
2021 (remainder)
Long-Term Debt, Maturity, Remainder of Fiscal Year
Document Fiscal Year Focus
Document Fiscal Year Focus
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Intangible Assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill
Multi-Family Residential
Multifamily
Multi Family Residential [Member]
A classification of real estate where multiple separate housing units for residential inhabitants are contained within one building or several buildings within one complex.
Antidilutive securities excluded (in shares)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount
Noncontrolling interests - operating partnership (in shares)
Noncontrolling Interests Operating Partnership Units
Number of partnership units held by noncontrolling interests as of the balance sheet date.
Sale of Stock [Axis]
Sale of Stock [Axis]
Accrued interest
Financing Receivable, Accrued Interest, before Allowance for Credit Loss
Business Combination and Asset Acquisition [Abstract]
Net income (loss) attributable to controlling interests and noncontrolling interests
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax
Lessor, Lease, Description [Table]
Lessor, Lease, Description [Table]
Title of Individual [Domain]
Title of Individual [Domain]
Award Type [Domain]
Award Type [Domain]
Credit Facility [Domain]
Credit Facility [Domain]
ASSETS
Assets [Abstract]
2024
Long-Term Debt, Maturity, Year Three
DERIVATIVE INSTRUMENTS
Derivative Instruments and Hedging Activities Disclosure [Text Block]
Awards granted (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period
Class of Financing Receivable [Domain]
Class of Financing Receivable [Domain]
Concentration risk
Concentration Risk, Percentage
Series C Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares, no par value, $25 per share liquidation preference, 3,881 shares issued and outstanding at June 30, 2021 and December 31, 2020, aggregate liquidation preference of $97,036)
Preferred Stock, Value, Issued
Interest and other income (loss)
Interest And Other Income (Loss)
Interest And Other Income (Loss)
Entity Address, City or Town
Entity Address, City or Town
ACCUMULATED DISTRIBUTIONS IN EXCESS OF NET INCOME
Retained Earnings [Member]
Debt Instrument [Axis]
Debt Instrument [Axis]
COMMITMENTS AND CONTINGENCIES
Commitments and Contingencies Disclosure [Text Block]
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table]
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table]
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Restricted shares vesting percentage
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Abstract]
Weighted average interest rate
Debt, Weighted Average Interest Rate
Total comprehensive income (loss)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest
Schedule of Segment Reporting Information, by Segment [Table]
Schedule of Segment Reporting Information, by Segment [Table]
Entity Interactive Data Current
Entity Interactive Data Current
Real estate investment, fair value disclosure
Equity Securities, FV-NI
Remaining borrowing capacity
Line of Credit Facility, Remaining Borrowing Capacity
Rapid City Land - Rapid City, SD
Rapid City, South Dakota [Member]
Rapid City, South Dakota [Member]
NET EARNINGS (LOSS) PER COMMON SHARE - BASIC (in dollars per share)
Earnings Per Share, Basic
Schedule of Real Estate Properties [Table]
Schedule of Real Estate Properties [Table]
Document Type
Document Type
2022
Long-Term Debt, Maturity, Year One
Depreciation and amortization
Depreciation and amortization including related to non real estate investments
Depreciation and amortization including related to non real estate investments.
Loan commitment
Financing Receivable, Loan in Process
Schedule of Disaggregation of Revenue
Disaggregation of Revenue [Table Text Block]
Property owned
Real Estate Investment Property, at Cost
Variable lease income - operating leases
Variable Lease, Income
Investment Allocation
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment [Abstract]
Fair Value Measurement [Domain]
Fair Value Measurement [Domain]
Entity Current Reporting Status
Entity Current Reporting Status
Olympik Village - Rochester, MN
Olympik Village - Rochester, MN [Member]
Olympik Village - Rochester, MN
Exercise of Exchange Rights
Exercise of Exchange Rights [Member]
Exercise of Exchange Rights [Member]
Net (income) loss attributable to noncontrolling interests – Operating Partnership
Noncontrolling interests – Operating Partnership
Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Nonredeemable
Number of shares (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized
Construction Loans
Construction Loans [Member]
Other, net
Other Noncash Income (Expense)
Mortgages payable, net of unamortized loan costs of $1,220 and $1,371, respectively
Secured Debt
Restricted cash
Restricted Cash and Cash Equivalents
Receivables, measurement input
Financing Receivables, Measurement Input
Financing Receivables, Measurement Input
Preferred shares, dividend rate
Preferred Stock, Dividend Rate, Percentage
Gain (Loss) Recognized in OCI
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax
Acquisition costs
Business Combination, Consideration Transferred
Net proceeds from notes payable
Proceeds from Unsecured Notes Payable
Disposal Groups, Including Discontinued Operations [Table]
Disposal Groups, Including Discontinued Operations [Table]
Total debt
Long-term Debt, Gross
Mezzanine Loan
Mezzanine Loan [Member]
Mezzanine Loan [Member]
Proceeds from sale of real estate and other investments
Proceeds from sale of real estate and other investments
Cash received for the sale of real estate that is not part of an investing activity during the current period and the cash inflow associated with the sale of other investments not otherwise defined in the taxonomy.
Preferred units, par value (in dollars per share)
Temporary Equity, Par or Stated Value Per Share
Plan Name [Axis]
Plan Name [Axis]
Total payments
Mortgages payable
Long-term Debt
Percentage of performance RSUs eligible to be earned over granted shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Eligible To Be Earned, Percentage Of Awards Granted
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Eligible To Be Earned, Percentage Of Awards Granted
Level 1
Fair Value, Inputs, Level 1 [Member]
CASH FLOWS FROM INVESTING ACTIVITIES
Net Cash Provided by (Used in) Investing Activities [Abstract]
Document Transition Report
Document Transition Report
Book Value and Sales Cost
Disposal Group, Including Discontinued Operation, Asset Net Book Value And Sale Cost
Disposal Group, Including Discontinued Operation, Asset Net Book Value And Sale Cost
Base Rate
Base Rate [Member]
FINANCIAL LIABILITIES
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY
Liabilities and Equity
Change in fair value of derivatives
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax
Residential Real Estate
Residential Real Estate [Member]
Tranche One
Share-based Payment Arrangement, Tranche One [Member]
Total scheduled lease income - commercial operating leases
Lessor, Operating Lease, Payments to be Received
Casualty (gain) loss
Casualty gain (loss)
Insurance Gain (Loss), Casualty
Insurance Gain (Loss), Casualty
Scenario [Axis]
Scenario [Axis]
LIABILITIES, MEZZANINE EQUITY, AND EQUITY
Liabilities and Equity [Abstract]
Derivative [Line Items]
Derivative [Line Items]
Interest Rate Swap
Interest Rate Swap [Member]
EARNINGS PER SHARE
Earnings Per Share [Text Block]
Lease terms
Lessor, Operating Lease, Term of Contract
Fee Income
Fee Income [Member]
Fee Income [Member]
Schedule of Derivative Instruments
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Cash and Cash Equivalents [Domain]
Cash and Cash Equivalents [Domain]
Segment revenues and net operating income [Abstract]
Segment Reporting Information, Profit (Loss) [Abstract]
Minimum
Minimum [Member]
ORGANIZATION
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]
Segment Assets and Accumulated Depreciation
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
Retirement of shares withheld for taxes
Noncash or Part Noncash Transaction, Retirement Of Shares Withheld For Taxes
Noncash or Part Noncash Transaction, Retirement Of Shares Withheld For Taxes
Revolving lines of credit
Long-term Line of Credit
Changes in Fair Value Receivables
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]
Future Scheduled Lease Income for Operating Leases
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity [Table Text Block]
Balance Sheet Location [Domain]
Balance Sheet Location [Domain]
Ironwood
Ironwood [Member]
Ironwood [Member]
Unamortized loan costs
Debt Issuance Costs, Net
Other comprehensive income:
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Number of real estate properties, unencumbered by mortgages
Number Of Real Estate Properties, Unencumbered
Number Of Real Estate Properties, Unencumbered
2021 LTIP Awards
2021 Long-term Incentive Plan ("LTIP") Awards [Member]
2021 Long-term Incentive Plan ("LTIP") Awards
Trading Symbol
Trading Symbol
2022
Lessor, Operating Lease, Payment to be Received, Year One
2025
Long-Term Debt, Maturity, Year Four
Sale of common shares, net
Stock Issued During Period, Value, New Issues
General and administrative expenses
General and administrative expenses
General and Administrative Expense
DEBT
Debt Disclosure [Text Block]
Line of Credit
Line of Credit [Member]
SHARE-BASED COMPENSATION
Share-based Payment Arrangement [Text Block]
Unsecured senior notes
Senior Notes [Member]
Level 3
Fair Value, Inputs, Level 3 [Member]
Distributions paid to common shareholders
Payments of Ordinary Dividends, Common Stock
Proceeds from repayment of mortgage loans receivable
Proceeds from Sale of Loans Receivable
Accounting Policies [Abstract]
Accounting Policies [Abstract]
Derivative Instrument [Axis]
Derivative Instrument [Axis]
Sale of common shares, net (in shares)
Stock Issued During Period, Shares, New Issues
Number of reportable segments
Number of Reportable Segments
Other
Business Combination, Consideration Transferred, Other
2025
Lessor, Operating Lease, Payment to be Received, Year Four
Units converted, ratio
Partners' Capital Account, Units Converted, Ratio
Partners' Capital Account, Units Converted, Ratio
Accounts payable and accrued expenses
Accounts Payable and Accrued Liabilities
Real estate taxes
Real Estate Tax Expense
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 14,045 shares issued and outstanding at June 30, 2021 and 13,027 shares issued and outstanding at December 31, 2020)
Common Stock, Value, Issued
Net operating income
Net Operating Income (Loss)
Net Operating Income (Loss)
Number of apartment units
Number of homes
Number of Units in Real Estate Property
Increase in mortgages and notes receivable
Payments to Acquire Notes Receivable
Note Maturing 2030
Note Maturing 2030 [Member]
Note Maturing 2030
UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
Basis of Accounting, Policy [Policy Text Block]
Performance Shares
Performance Shares [Member]
Dividends to preferred unitholders
Preferred Stock Dividends
Preferred Stock Dividends
COMMITMENTS AND CONTINGENCIES (NOTE 10)
Commitments and Contingencies
Accumulated other comprehensive income (loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax
Other Gains (Losses)
Other Gains (Losses) [Member]
Other Gains (Losses) [Member]
Term Loans
Medium-term Notes [Member]
Real Estate, Type of Property [Axis]
Real Estate, Type of Property [Axis]
Product Concentration Risk
Product Concentration Risk [Member]
Disposal Group Classification [Axis]
Disposal Group Classification [Axis]
Antidilutive Securities, Name [Domain]
Antidilutive Securities, Name [Domain]
Document Period End Date
Document Period End Date
Impairment of real estate investments
Impairment of Real Estate
TOTAL EXPENSES
Costs and Expenses
MARKETABLE SECURITIES
Marketable Securities, Policy [Policy Text Block]
Class of Stock [Axis]
Class of Stock [Axis]
Entity Registrant Name
Entity Registrant Name
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
Cash and Cash Equivalents, Policy [Policy Text Block]
Total consideration
Sale of Stock, Consideration Received on Transaction
Net (income) loss attributable to noncontrolling interests – consolidated real estate entities
Net (income) loss attributable to noncontrolling interests – consolidated real estate entities
Noncontrolling Interest in Net Income (Loss) Preferred Unit Holders, Nonredeemable
Distributions - common shares and units (in dollars per share)
Common Stock, Dividends, Per Share, Declared
Revenue from contracts with customers
Revenue from Contract with Customer, Excluding Assessed Tax
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
Stock Options
Share-based Payment Arrangement, Option [Member]
Schedule of Conversions of Stock
Schedule of Conversions of Stock [Table Text Block]
Carrying Amount
Reported Value Measurement [Member]
Fair Value Hierarchy and NAV [Axis]
Fair Value Hierarchy and NAV [Axis]
Equity [Abstract]
Equity [Abstract]
Measurement Input Type [Domain]
Measurement Input Type [Domain]
Term Loan Maturing 2025
Term Loan Maturing 2025 [Member]
Term Loan Maturing 2025 [Member]
COMMON SHARES
Common Stock [Member]
Variable Rate [Axis]
Variable Rate [Axis]
SEGMENT REPORTING
Segment Reporting Disclosure [Text Block]
Operating income
Operating Income (Loss)
Hedging Designation [Axis]
Hedging Designation [Axis]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense
Share-based Payment Arrangement, Noncash Expense
Variable Rate [Domain]
Variable Rate [Domain]
Cash and cash equivalents
Cash and Cash Equivalents, at Carrying Value
Revolving lines of credit
Lines of Credit, Fair Value Disclosure
Long-term Debt, Type [Domain]
Long-term Debt, Type [Domain]
Preferred shares, liquidation preference (in dollars per share)
Preferred Stock, Liquidation Preference Per Share
Number of real estate properties, serving as collateral for mortgage loans
Number Of Real Estate Properties, Collateral
Number Of Real Estate Properties, Collateral
Schedule of New Accounting Pronouncements
Accounting Standards Update and Change in Accounting Principle [Table Text Block]
Proceeds from revolving lines of credit
Proceeds from Lines of Credit
Notional amount of interest rate swaps
Derivative, Notional Amount
Real Estate Property Ownership [Axis]
Real Estate Property Ownership [Axis]
Other investing activities
Payments for (Proceeds from) Other Investing Activities
Conversion price (in dollars per share)
Partners' Capital Account, Units, Converted, Conversion Price
Partners' Capital Account, Units, Converted, Conversion Price
Real estate investment, unfunded commitments
Equity Securities, FV-NI, Unfunded Commitments
Equity Securities, FV-NI, Unfunded Commitments
Maximum
Maximum [Member]
Real Estate Properties [Domain]
Real Estate Properties [Domain]
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement [Abstract]
Entity Information [Line Items]
Entity Information [Line Items]
TOTAL LIABILITIES
Liabilities
Minneapolis, Minnesota
Minneapolis, Minnesota [Member]
Minneapolis, Minnesota [Member]
Payments for improvements of real estate investments
Payments for Construction in Process
Award Type [Axis]
Award Type [Axis]
CASH FLOWS FROM FINANCING ACTIVITIES
Net Cash Provided by (Used in) Financing Activities [Abstract]
SERIES D PREFERRED UNITS (Cumulative convertible preferred units, $100 par value, 166 units issued and outstanding at June 30, 2021 and December 31, 2020, aggregate liquidation preference of $16,560)
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests
Measurement Input Type [Axis]
Measurement Input Type [Axis]
Total shareholders’ equity
Stockholders' Equity Attributable to Parent
Common shares of beneficial interest, shares issued (in shares)
Common Stock, Shares, Issued
Preferred units, shares issued (in shares)
Preferred Stock, Shares Issued
Accounts payable and accrued expenses
Increase (Decrease) in Accounts Payable and Accrued Liabilities
Designated as Hedging Instrument
Designated as Hedging Instrument [Member]
Aggregate gross sales price of common shares
Sale Of Stock, Authorized Amount
Sale Of Stock, Authorized Amount
Term Loan Maturing 2024
Term Loan Maturing 2024 [Member]
Term Loan Maturing 2024 [Member]
Change in fair value of receivables
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss)
VARIABLE INTEREST ENTITIES
Consolidation, Variable Interest Entity, Policy [Policy Text Block]
Gain/(Loss)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
At-The-Market Offering
At-The-Market Offering [Member]
At-The-Market Offering [Member]
Interest Income
Interest Income [Member]
Balance Sheet Location [Axis]
Balance Sheet Location [Axis]
Measurement Frequency [Domain]
Measurement Frequency [Domain]
Notes payable, net of unamortized loan costs of $714 and $754 respectively
Unsecured senior notes
Unsecured Debt
Debt instrument face amount
Debt Instrument, Face Amount
Interest expense
Interest expense
Interest Expense
City Area Code
City Area Code
Accumulated distributions in excess of net income
Retained Earnings (Accumulated Deficit)
Restricted Stock Units (RSUs)
Restricted Stock Units (RSUs) [Member]
Operating partnership units converted to shares
Conversion of Stock, Amount Converted
Statement of Stockholders' Equity [Abstract]
Statement of Stockholders' Equity [Abstract]
Redemption of units for common shares (in shares)
Number of units (in shares)
Partners' Capital Account, Units, Redeemed
Business Acquisition [Line Items]
Business Acquisition [Line Items]
Risk-free rate
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate
Tranche Two
Share-based Payment Arrangement, Tranche Two [Member]
Income Statement [Abstract]
Income Statement [Abstract]
Amendment Flag
Amendment Flag
Fair Value
Estimate of Fair Value Measurement [Member]
Principal payments on revolving lines of credit
Repayments of Lines of Credit
Dividends to preferred unitholders
Payments Of Ordinary Dividends, Preferred Unitholders, Accrued Amount
Payments Of Ordinary Dividends, Preferred Unitholders, Accrued Amount
Total equity
Beginning balance
Ending balance
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
Unsecured Senior Notes
Unsecured Debt
Unsecured Debt [Member]
Distributions paid to preferred unitholders
Payments Of Ordinary Dividends, Preferred Unitholders
Payments Of Ordinary Dividends, Preferred Unitholders
Equity Components [Axis]
Equity Components [Axis]
Other
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Abstract]
Performance Shares and Restricted Stock Units
Performance Shares And Restricted Stock Units [Member]
Performance Shares And Restricted Stock Units [Member]
Series C Preferred Shares Of Beneficial Interest
Series C Preferred Shares Of Beneficial Interest [Member]
Series C Preferred Shares Of Beneficial Interest [Member]
Antidilutive Securities [Axis]
Antidilutive Securities [Axis]
Sale of Stock [Domain]
Sale of Stock [Domain]
Concentration Risk Type [Domain]
Concentration Risk Type [Domain]
Fixed lease income - operating leases
Operating Lease, Lease Income, Lease Payments
(Gain) loss on derivative instrument reclassified into earnings
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax
Share-based compensation, net of forfeitures (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures
Entity File Number
Entity File Number
Shares repurchased
Stock Repurchased During Period, Value
Union Pointe Apartment Homes - Longmont, CO
Union Pointe Apartment Homes - Longmont, CO [Member]
Union Pointe Apartment Homes - Longmont, CO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Statement of Financial Position [Abstract]
Statement of Financial Position [Abstract]
Ratio of units exchanged for shares
Ratio Of Units Exchanged For Shares
The description of ratio of units exchanged for shares.
Product and Service [Axis]
Product and Service [Axis]
Fair Value, by Balance Sheet Grouping [Table]
Fair Value, by Balance Sheet Grouping [Table]
Entity Incorporation, State or Country Code
Entity Incorporation, State or Country Code
Entity Small Business
Entity Small Business
Net comprehensive (income) loss attributable to noncontrolling interests – Operating Partnership
Comprehensive Income Attributable To Noncontrolling Interest, Operating Partnership
Comprehensive Income Attributable To Noncontrolling Interest, Operating Partnership
Preferred shares, annual distribution accrual rate (in dollars per share)
Preferred Stock, Annual Distribution Accrual Rate
Preferred Stock, Annual Distribution Accrual Rate
Revenue
Revenue Benchmark [Member]
Equity Component [Domain]
Equity Component [Domain]
Other
Stockholders' Equity, Other
French Creek - Rochester, MN
French Creek - Rochester, MN [Member]
French Creek - Rochester, MN
Equity awards issued (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period
2021 (remainder)
Lessor, Operating Lease, Payment to be Received, Remainder of Fiscal Year
Real estate investments
Investments [Abstract]
Statement [Line Items]
Statement [Line Items]
Unrealized gain (loss) from derivative instrument
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total real estate investments
Investments
Share-based compensation, net of forfeitures
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture
Fair value of stock options (in dollars per share)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value
LIABILITIES
Liabilities [Abstract]
Conversion of Stock, Name [Domain]
Conversion of Stock, Name [Domain]
Debt Disclosure [Abstract]
Debt Disclosure [Abstract]
Term loans
Loans Payable, Fair Value Disclosure
Entity Address, State or Province
Entity Address, State or Province
Schedule of Fair Value of Stock Options
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
Level 2
Fair Value, Inputs, Level 2 [Member]
Trustee
Trustee [Member]
Trustee [Member]
Segment Reporting [Abstract]
Segment Reporting [Abstract]
Building
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Buildings
Less accumulated depreciation
Less accumulated depreciation
Real Estate Investment Property, Accumulated Depreciation
USE OF ESTIMATES
Use of Estimates, Policy [Policy Text Block]
Options granted (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross
Reconciliation of Numerator and Denominator Used To Calculate Basic and Diluted EPS
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Entity Shell Company
Entity Shell Company
Schedule of Business Acquisitions, by Acquisition [Table]
Schedule of Business Acquisitions, by Acquisition [Table]
Local Phone Number
Local Phone Number
Scenario, Forecast
Forecast [Member]
Vesting [Axis]
Vesting [Axis]
Cash flow hedge gain (loss) to be reclassified within twelve months
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months
Disposed of by Sale
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Accrued capital expenditures
Adjustments to accounts payable included within real estate investments
The dollar amount of assets that an Entity acquires in a noncash (or part noncash) acquisition that are not presented as a separate disclosure or not otherwise listed in the existing taxonomy. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period.
Income (loss) before gain (loss) on sale of real estate and other investments
Income (loss) before gain (loss) on sale of real estate and other investments
Income (Loss) Before Gain (Loss) On Sale Of Real Estate And Other Investments
Income (Loss) Before Gain (Loss) On Sale Of Real Estate And Other Investments
Net proceeds from issuance of common shares
Proceeds from Issuance of Common Stock
TOTAL ASSETS
Assets
Gain (loss) on sale of real estate and other investments
Realized Investment Gains (Losses)
Noncontrolling interests – Operating Partnership (881 units at June 30, 2021 and 977 units at December 31, 2020)
Noncontrolling Interest in Operating Partnerships
Plan Name [Domain]
Plan Name [Domain]
MORTGAGE RECEIVABLE AND NOTES RECEIVABLE
Financing Receivable, after Allowance for Credit Loss [Abstract]
Payments for acquisition of noncontrolling interests – consolidated real estate entities
Payments to Noncontrolling Interests
Cash paid for interest
Interest Paid, Excluding Capitalized Interest, Operating Activities
Numerator for diluted earnings (loss) per share
Net Income (Loss) Available to Common Stockholders, Diluted
NUMERATOR
Net Income (Loss) Attributable to Parent [Abstract]
Interest rate
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate
Title of Individual [Axis]
Title of Individual [Axis]
Principal payments on mortgages payable
Repayments of Notes Payable
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS
Net Income (Loss) Available to Common Stockholders, Basic
Distributions - Series C preferred shares (in dollars per share)
Preferred Stock, Dividends Per Share, Declared
Form of Consideration
Business Combination, Consideration Transferred [Abstract]
Product and Service [Domain]
Product and Service [Domain]
NONCONTROLLING INTERESTS
Noncontrolling Interest [Member]
2023
Lessor, Operating Lease, Payment to be Received, Year Two
Depreciation and amortization
Depreciation, Depletion and Amortization, Nonproduction
Unsecured loan, fixed rate
Debt Instrument, Interest Rate, Stated Percentage
(Gain) loss on sale of real estate and other investments
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax
Derivative Contract [Domain]
Derivative Contract [Domain]
Tranche Four
Share-based Compensation Award, Tranche Four [Member]
Share-based Compensation Award, Tranche Four [Member]
Note Maturing 2029
Note Maturing 2029 [Member]
Note Maturing 2029 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted cash
Cash [Member]
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
Significant Accounting Policies [Text Block]
Accounts Payable and Accrued Expenses
Accounts Payable and Accrued Liabilities [Member]
Measurement Frequency [Axis]
Measurement Frequency [Axis]
Net cash provided by (used by) operating activities
Net Cash Provided by (Used in) Operating Activities
All Other
Other Segments [Member]
Real Estate [Domain]
Real Estate [Domain]
Fair Value, Recurring and Nonrecurring [Table]
Fair Value, Recurring and Nonrecurring [Table]
Schedule of Long-term Debt Instruments [Table]
Schedule of Long-term Debt Instruments [Table]
Entity Tax Identification Number
Entity Tax Identification Number
Tax Increment Financing
Tax Increment Financing [Member]
Tax Increment Financing [Member]
Stock Conversion Description [Axis]
Stock Conversion Description [Axis]
Denominator for basic earnings per share weighted average shares (in shares)
Weighted Average Number of Shares Outstanding, Basic
NET EARNINGS (LOSS) PER COMMON SHARE - DILUTED (in dollars per share)
Earnings Per Share, Diluted
Performance RSUs eligible to be earned (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Eligible To Be Earned
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Eligible To Be Earned
Segments [Domain]
Segments [Domain]
Acquisitions and development projects placed in service [Abstract]
Acquisitions and development projects placed in service [Abstract]
Vesting [Domain]
Vesting [Domain]
Effect of redeemable operating partnership units (in shares)
Weighted Average Number Diluted Shares Outstanding Adjustment
ACQUISITIONS AND DISPOSITIONS
Mergers, Acquisitions and Dispositions Disclosures [Text Block]
Interest Expense
Interest Expense [Member]
Schedule of Fair Value of Derivative Instruments
Schedule of Derivative Assets at Fair Value [Table Text Block]
Comprehensive income (loss) attributable to controlling interests
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
Net cash provided by (used by) financing activities
Net Cash Provided by (Used in) Financing Activities
DENOMINATOR
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Property operating expenses, excluding real estate taxes
Property Operating Expenses Excluding Real Estate Taxes
Operating costs relating to properties incurred during the reporting period but excluding real estate taxes.
Ironwood Apartments - New Hope, MN
Ironwood Apartments - New Hope, MN [Member]
Ironwood Apartments - New Hope, MN [Member]
Effect of dilutive restricted stock units and stock options (in shares)
Incremental Common Shares Attributable To Conversion Of Restricted Stock
Incremental Common Shares Attributable To Conversion Of Restricted Stock
Mortgages and notes receivable
Receivables, Fair Value Disclosure
FAIR VALUE MEASUREMENTS
Fair Value Disclosures [Text Block]
Concentration Risk Type [Axis]
Concentration Risk Type [Axis]
Depreciation and amortization, including amortization of capitalized loan costs
Depreciation, Depletion and Amortization
Estimated Fair Values of Financial Instruments
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Distributions - common shares and units
Dividends, Common Stock
Entities [Table]
Entities [Table]
Preferred Units
Preferred Units [Member]
Preferred Units [Member]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
AOCI Attributable to Parent [Member]
Term of award
Share-based Compensation Arrangement by Share-based Payment Award, Term of Award
Term of award in which the equity-based award remains in effect, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
Land
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Land
Other assets
Other Assets
Effect of Series D preferred units (in shares)
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock
Distributions declared but not paid to common shareholders
Dividends Payable
Common shares of beneficial interest, shares outstanding (in shares)
Common stock outstanding (in shares)
Common Stock, Shares, Outstanding
Derivative [Table]
Derivative [Table]
Property management expense
Property management
Cost of Goods and Services Sold
Schedule of Sale of Common Shares
Schedule of Capital Units [Table Text Block]
Note Maturing 2028
Note Maturing 2028 [Member]
Note Maturing 2028 [Member]
Concentration Risk Benchmark [Domain]
Concentration Risk Benchmark [Domain]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Noncontrolling interests – consolidated real estate entities
Noncontrolling Interest in Preferred Unit Holders
Thereafter
Lessor, Operating Lease, Payment to be Received, after Year Four
Lessor, Operating Lease, Payment to be Received, after Year Four
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Payments for acquisitions of real estate investments
Payments to Acquire Real Estate
Credit Risk
Measurement Input, Entity Credit Risk [Member]
Income Statement Location [Domain]
Income Statement Location [Domain]
Term
Debt Instrument, Term
EQUITY
LIABILITIES, MEZZANINE EQUITY, AND EQUITY
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]
Real estate assets acquired through exchange of note receivable
Noncash or Part Noncash Acquisition, Investments Acquired
Number of properties sold
Number of properties sold
The number of properties sold during the period.
Total property owned
Real Estate Investment Property, Net
Lessor, Lease, Description [Line Items]
Lessor, Lease, Description [Line Items]
Preferred units, shares issued (in shares)
Temporary Equity, Shares Issued
2015 Incentive Plan
Incentive Plan 2015 [Member]
Financial information relating to the 2015 stock based compensation plan, long term incentive plan.
Preferred units, liquidation preference
Temporary Equity, Liquidation Preference
Schedule of Debt
Schedule of Long-term Debt Instruments [Table Text Block]
Debt Instrument [Line Items]
Debt Instrument [Line Items]
Marketable securities
Marketable Securities
Earnings Per Share [Abstract]
Earnings Per Share [Abstract]
Document Quarterly Report
Document Quarterly Report
Average price per share (in dollars per share)
Sale of Stock, Average Price Per Share
Average Price Per share amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction.
Other assets
Increase (Decrease) in Other Operating Assets
REVENUE
Total revenue
Revenue
Revenues
Tranche Three
Share-based Payment Arrangement, Tranche Three [Member]
Line of Credit Facility [Table]
Line of Credit Facility [Table]
Entity Common Stock, Shares Outstanding
Entity Common Stock, Shares Outstanding
Series C Cumulative Redeemable Preferred Shares
Series C Preferred Stock [Member]
EXPENSES
Costs and Expenses [Abstract]
LEASES
Lessor, Leases [Policy Text Block]
Stock-based compensation expense
Share-based Payment Arrangement, Expense
Exercise price (in dollars per share)
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price
Unimproved Land
Unimproved Land [Member]
A business segment for reporting the information separately.
Weighted average maturity (in years)
Debt Instrument, Weighted Average Maturity
Debt Instrument, Weighted Average Maturity
Interest Rate
Measurement Input, Risk Free Interest Rate [Member]
Note receivable exchanged through real estate acquisition
Noncash or Part Noncash Acquisition, Write Off Of Receivable In Exchange For Property
Noncash or Part Noncash Acquisition, Write Off Of Receivable In Exchange For Property
Document Fiscal Period Focus
Document Fiscal Period Focus
NET INCOME (LOSS)
Net income (loss)
Net income (loss)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
Proceeds from sale of marketable securities
Proceeds from Sale and Maturity of Marketable Securities
Number of instruments held
Derivative Asset, Number of Instruments Held
Common Shares of Beneficial Interest, no par value
Common Class A [Member]
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD
Total cash, cash equivalents and restricted cash
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
BMO Line of Credit
B M O Line Of Credit [Member]
Represents the credit agreement for the unsecured, variable interest rate BMO Line of Credit.
Beginning balance (in shares)
Ending balance (in shares)
Shares, Issued
Winchester/Village Green-Rochester, MN
Winchester/Village Green-Rochester, MN [Member]
Winchester/Village Green-Rochester, MN
Thereafter
Long-Term Debt, Maturity, After Year Four
Long-Term Debt, Maturity, After Year Four
Primary Line Of Credit
Primary Line Of Credit [Member]
Primary Line Of Credit [Member]
Number of common shares (in shares)
Sale of Stock, Number of Shares Issued in Transaction
Statement of Comprehensive Income [Abstract]
Statement of Comprehensive Income [Abstract]
Other financing activities
Proceeds from (Payments for) Other Financing Activities
Entity Central Index Key
Entity Central Index Key
London Interbank Offered Rate (LIBOR)
London Interbank Offered Rate (LIBOR) [Member]
IMPAIRMENT OF LONG-LIVED ASSETS
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]
Security Exchange Name
Security Exchange Name
Multi Family Same-Store
Multi Family Same-Store [Member]
Disposal Group Classification [Domain]
Disposal Group Classification [Domain]
Cash and cash equivalents
Cash and Cash Equivalents, Fair Value Disclosure
REVENUES
Revenue from Contract with Customer [Policy Text Block]
Denominator for diluted earnings per share (in shares)
Weighted Average Number of Shares Outstanding, Diluted
Fair Value, Recurring
Fair Value, Recurring [Member]
Subject to Restrictions on Taxable Dispositions
Subject To Restrictions On Taxable Dispositions [Member]
Refers to a property subject to restrictions on taxable dispositions.
Long-term Debt, Type [Axis]
Long-term Debt, Type [Axis]
Current Fiscal Year End Date
Current Fiscal Year End Date
Commissions
Sales Commissions and Fees
Basis spread on variable rate
Debt Instrument, Basis Spread on Variable Rate
EQUITY AND MEZZANINE EQUITY
Stockholders' Equity Note Disclosure [Text Block]
Measurement Basis [Axis]
Measurement Basis [Axis]
Operating Lease, Lease Income [Abstract]
Operating Lease, Lease Income [Abstract]
Statement of Cash Flows [Abstract]
Statement of Cash Flows [Abstract]
Realized (gain) loss on marketable securities
Marketable Securities, Realized Gain (Loss)
Name of Property [Axis]
Name of Property [Axis]
Credit Facility [Axis]
Credit Facility [Axis]
Net cash provided by (used by) investing activities
Net Cash Provided by (Used in) Investing Activities
Revenues and Net Operating Income for Reportable Segments
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]
Portion at Fair Value Measurement
Portion at Fair Value Measurement [Member]
Changes in other assets and liabilities:
Increase (Decrease) in Operating Capital [Abstract]
Notional amount
Derivative Asset, Notional Amount
Repurchase of Series C preferred shares
Payments for Repurchase of Preferred Stock and Preference Stock
CASH FLOWS FROM OPERATING ACTIVITIES
Net Cash Provided by (Used in) Operating Activities [Abstract]
BASIS OF PRESENTATION
Consolidation, Policy [Policy Text Block]
Expected term
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term
Class of Stock [Domain]
Class of Stock [Domain]
Cash
Payments to Acquire Businesses, Gross
Distributions paid to preferred shareholders
Payments of Ordinary Dividends, Preferred Stock and Preference Stock
Redemption of units for common shares
Operating partnership units converted to shares
Partners' Capital Account, Redemptions
Maximum borrowing capacity
Line of Credit Facility, Maximum Borrowing Capacity
Segment Reporting Information [Line Items]
Segment Reporting Information [Line Items]
Entity Address, Postal Zip Code
Entity Address, Postal Zip Code
Mortgage loans receivable at fair value
Financing Receivable, before Allowance for Credit Loss
Crystal Bay - Rochester, MN
Crystal Bay - Rochester, MN [Member]
Crystal Bay - Rochester, MN
Line of Credit Facility [Line Items]
Line of Credit Facility [Line Items]
Debt Instrument, Name [Domain]
Debt Instrument, Name [Domain]
Title of 12(b) Security
Title of 12(b) Security
Statement [Table]
Statement [Table]
RECENT ACCOUNTING PRONOUNCEMENTS
New Accounting Pronouncements, Policy [Policy Text Block]
Schedule of Dispositions
Schedule of Disposal Groups, Including Discontinued Operations, Gain Loss on Disposition [Table Text Block]
Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).
Statistical Measurement [Axis]
Statistical Measurement [Axis]
Heritage Manor- Rochester, MN
Heritage Manor- Rochester, MN [Member]
Heritage Manor- Rochester, MN
Property operating expenses, including real estate taxes
Property Operating Expense
Property Operating Expense
Cover [Abstract]
Cover [Abstract]
Mortgages
Mortgages [Member]
PREFERRED SHARES
Preferred Stock [Member]
Employees
Employees [Member]
Employees
Distributions paid to noncontrolling interests – Unitholders of the Operating Partnership
Payments of Distributions to Affiliates
Gain (Loss) Reclassified from Accumulated OCI into Income
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax
Number of real estate properties
Number of properties
Number of Real Estate Properties
Fair Value Measured at Net Asset Value Per Share
Fair Value Measured at Net Asset Value Per Share [Member]
Name of Property [Domain]
Name of Property [Domain]
2024
Lessor, Operating Lease, Payment to be Received, Year Three
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Supplemental Disclosure of Cash Flow Information [Abstract]
Scenario [Domain]
Scenario [Domain]
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Preferred shares liquidation preference
Preferred Stock, Liquidation Preference, Value
Concentration Risk Benchmark [Axis]
Concentration Risk Benchmark [Axis]