FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Estimated Fair Values of Financial Instruments

Fair Value Measurements on a Recurring Basis

		(in thousands)
	Balance Sheet Location	Total		Level 1	Level 2	Level 3
March 31, 2025
Assets
Real estate related notes receivable	Other assets	$	25,406	—	—	$	25,406
December 31, 2024
Assets
Real estate related notes receivable	Other assets	$	25,092	—	—	$	25,092

The estimated fair values of the Company’s financial instruments as of March 31, 2025 and December 31, 2024, respectively, are as follows:

		(in thousands)
		March 31, 2025				December 31, 2024
	Balance Sheet Location	Amount		Fair Value		Amount		Fair Value
FINANCIAL ASSETS
Cash and cash equivalents	Cash and cash equivalents	$	11,916	$	11,916	$	12,030	$	12,030
Restricted cash	Restricted cash	$	6,144	$	6,144	$	1,099	$	1,099
FINANCIAL LIABILITIES
Revolving lines of credit	Revolving lines of credit	$	48,734	$	48,734	$	47,359	$	47,359
Unsecured senior notes(1)	Notes payable	$	300,000	$	260,468	$	300,000	$	253,808
Mortgages payable - Fannie Mae credit facility	Mortgages payable	$	198,850	$	172,735	$	198,850	$	166,679
Mortgages payable - other(1)	Mortgages payable	$	418,508	$	393,049	$	420,414	$	383,213

(1)Excludes deferred financing costs, debt premiums, and discounts

Schedule of Changes in Fair Value Receivables

Changes in the fair value of these receivables from period to period are reported in interest and other income on the Condensed Consolidated Statements of Operations.

	(in thousands)
	Fair Value Measurement		Other Gains		Interest Income		Total Changes in Fair Value Included in Current-Period Earnings
Three months ended March 31, 2025
Real estate related notes receivable	$	25,406	$	9	$	531	$	540
Three months ended March 31, 2024
Real estate related notes receivable	$	14,103	$	5	$	208	$	213