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ORGANIZATION, BACKGROUND AND SIGNIFICANT ACCOUNTING POLICIES (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2023
USD ($)
state
multi-familyProperty
segment
property
property_unit
Dec. 31, 2022
USD ($)
Real Estate Properties    
Number of properties | property 18  
Number of states in which entity operates | state 11  
Number of Units | property_unit 5,420  
Real estate properties, net $ 635,836 $ 651,603
Net equity investments $ 34,242 42,576
Number of reportable segments | segment 1  
Increase in net cash provided by operating activities $ 19,606 15,450
Decrease in net cash provided by (used in) investing activities $ (16,679) 15,775
Revision of Prior Period, Adjustment    
Real Estate Properties    
Increase in net cash provided by operating activities   425
Decrease in net cash provided by (used in) investing activities   3,596
Unconsolidated Joint Ventures    
Real Estate Properties    
Number of states in which entity operates | state 4  
Number of investments | multi-familyProperty 7  
Net equity investments $ 30,418  
Consolidated And Unconsolidated Subsidiaries    
Real Estate Properties    
Number of states in which entity operates | state 11  
Carrying value $ 5,615  
Unconsolidated Joint Ventures    
Real Estate Properties    
Number of properties | property 7  
Number of Units | property_unit 2,287  
Real estate properties, net $ 275,874 $ 318,304
Multi-family    
Real Estate Properties    
Operating leases, term of contract 1 year  
Multi-family | Building    
Real Estate Properties    
Real estate property, estimated useful life 30 years  
Multi-family    
Real Estate Properties    
Number of properties | multi-familyProperty 21  
Real estate properties, net $ 634,046  
Multi-family | Consolidated And Unconsolidated Subsidiaries    
Real Estate Properties    
Number of properties | multi-familyProperty 28