REAL ESTATE HELD FOR SALE (Tables)

9 Months Ended

Sep. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Assets and Liabilities of Real Estate Held-for-Sale

The following summary presents the major components of assets and liabilities related to real estate held for sale as of September 30, 2021 and December 31, 2020 (in thousands):

	September 30, 2021		December 31, 2020
Assets related to real estate held for sale
Real estate, cost	$	—	$	158,711
Accumulated depreciation and amortization	—		(18,472)
Real estate, net	—		140,239
Other assets	—		5,680
Total assets related to real estate held for sale	$	—	$	145,919
Liabilities related to real estate held for sale
Note payable, net	—		94,097
Other liabilities	—		669
Total liabilities related to real estate held for sale	$	—	$	94,766

Schedule of Revenue and Expenses of Real Estate Held-for-Sale

The following table summarizes certain revenue and expenses related to these properties for the three and nine months ended September 30, 2021 and 2020 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Revenues
Rental income	$	1,085	$	3,318	$	8,660	$	9,998
Other operating income	51		265		520		792
Total revenues	$	1,136	$	3,583	$	9,180	$	10,790
Expenses
Operating, maintenance, and management	$	363	$	1,004	$	2,096	$	2,855
Real estate taxes and insurance	95		389		979		1,258
Asset management fees to affiliate	194		305		807		907
Depreciation and amortization	14		1,769		2,436		5,342
Interest expense	152		518		1,146		1,953
Total expenses	$	818	$	3,985	$	7,464	$	12,315