SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) segment $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 08, 2021 $ / shares	Dec. 22, 2020 $ / shares
Investments in unconsolidated joint ventures, provision for impairment	$ 0	$ 0
Number of reportable segment | segment	1
Residential condominium units-for-sale, provision for impairment	$ 0	0
Long-lived assets, provision for impairment	0	0
Unrecognized Tax Benefits	$ 0	0
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares	$ 4.31		$ 1.90	$ 4.50
Unamortized deferred finance costs	$ 3,375,000
Loans Payable and Secured Line of Credit.
Unamortized deferred finance costs	2,100,000	5,100,000
Corporate Credit Facility
Unamortized deferred finance costs	$ 1,300,000	$ 2,900,000
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares	238,060	310,074
Warrant
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares	7,179,000	7,179,000
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares	$ 4.31	$ 4.31