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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Estimated Fair Values of Financial Instruments
Fair Value Measurements on a Recurring Basis
(in thousands)
Balance Sheet LocationTotalLevel 1Level 2Level 3
December 31, 2024
Assets
Real estate related notes receivableOther assets$25,092 $— $— $25,092 
December 31, 2023
Assets
Real estate related notes receivableOther assets$7,039 $— $— $7,039 
The estimated fair values of the Company’s financial instruments as of December 31, 2024 and 2023 are as follows:
 (in thousands)
 December 31, 2024December 31, 2023
 Balance Sheet LocationAmountFair ValueAmountFair Value
FINANCIAL ASSETS    
Cash and cash equivalentsCash and cash equivalents$12,030 $12,030 $8,630 $8,630 
Restricted cashRestricted cash1,099 1,099 639 639 
FINANCIAL LIABILITIES
Revolving lines of creditRevolving lines of credit47,359 47,359 30,000 30,000 
Unsecured senior notesNotes payable300,000 253,808 300,000 252,108 
Mortgages payable - Fannie Mae credit facilityMortgages payable198,850 166,679 198,850 168,555 
Mortgages payable - other(1)
Mortgages payable420,414 383,213 392,274 367,080 
(1)Excludes debt premiums and discounts
Schedule of Changes in Fair Value Receivables Changes in fair value of these receivables from period to period are reported in interest and other income on the Consolidated Statements of Operations.
(in thousands)
Fair Value MeasurementOther Gains (Losses)Interest Income Total Changes in Fair Value Included in Current Period Earnings
Year ended December 31, 2024
Real estate related notes receivable$25,092 $23 $1,554 $1,577 
Year ended December 31, 2023
Real estate related notes receivable$7,039 $19 $272 $291 
Schedule of Fair Value Measurements on a Nonrecurring Basis
(in thousands)
Balance Sheet LocationTotalLevel 1Level 2Level 3
December 31, 2023
Assets
Real estate investments measured at fair value
Property owned
$19,250 $— $19,250 $—