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Investments in Unconsolidated Joint Ventures - Balance sheet (Details) - USD ($)
Oct. 31, 2023
Sep. 30, 2023
Dec. 31, 2022
Sep. 30, 2022
Dec. 31, 2021
ASSETS          
Real estate, net   $ 62,736,000 $ 64,651,000    
Cash and cash equivalents $ 583,000,000 809,000 1,548,000 $ 2,190,000 $ 4,310,000
Restricted cash   8,231,000 20,507,000 $ 9,482,000 $ 20,535,000
Prepaid expenses and other assets, net   4,323,000 3,774,000    
Intangible assets, net   7,137,000 7,692,000    
Total assets   267,695,000 306,927,000    
LIABILITIES          
Accounts payable and accrued expenses   25,320,000 19,018,000    
Total liabilities   268,855,000 279,586,000    
STOCKHOLDERS' EQUITY          
Accumulated deficit   (85,930,000) (56,886,000)    
Total liabilities and stockholders' (deficit) equity   $ 267,695,000 306,927,000    
Our investments in unconsolidated joint ventures     4,386,000    
Unconsolidated Joint Ventures          
ASSETS          
Real estate, net     113,571,000    
Cash and cash equivalents     1,345,000    
Restricted cash     731,000    
Tenant and other receivables, net     197,000    
Prepaid expenses and other assets, net     2,185,000    
Intangible assets, net     9,047,000    
Total assets     127,076,000    
LIABILITIES          
Mortgages payable, net     80,495,000    
Accounts payable and accrued expenses     1,507,000    
Total liabilities     82,002,000    
STOCKHOLDERS' EQUITY          
Members' equity     48,677,000    
Accumulated deficit     (3,603,000)    
Total members' equity     45,074,000    
Total liabilities and stockholders' (deficit) equity     127,076,000    
Our investments in unconsolidated joint ventures     $ 4,386,000