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DEBT - Narrative (Details)
3 Months Ended
May 31, 2023
Mar. 31, 2024
USD ($)
apartmentCommunity
loan
extensionOption
Dec. 31, 2023
USD ($)
Line of Credit Facility [Line Items]      
Number of real estate properties, unencumbered by mortgages | apartmentCommunity   45  
Revolving lines of credit   $ 40,357,000 $ 30,000,000
Outstanding debt   $ 929,081,000 $ 919,990,000
Weighted average interest rate   3.59% 3.54%
Mortgages      
Line of Credit Facility [Line Items]      
Number of real estate properties, serving as collateral for mortgage loans | apartmentCommunity   14  
Number of material defaults or instances of noncompliance | loan   0  
Private Shelf Agreement | Unsecured Senior Notes      
Line of Credit Facility [Line Items]      
Outstanding debt   $ 200,000,000  
Debt instrument, face amount   25,000,000  
Note Purchase Agreement | Unsecured Senior Notes      
Line of Credit Facility [Line Items]      
Debt instrument, face amount   125,000,000  
Mortgages payable - Fannie Mae credit facility | Mortgages      
Line of Credit Facility [Line Items]      
Outstanding debt   198,850,000 $ 198,850,000
Debt instrument, face amount   $ 198,900,000  
Number of apartment units | apartmentCommunity   11  
Weighted average interest rate   2.78% 2.78%
Mortgages payable - Fannie Mae credit facility | Mortgages | Interest Only Payment Date One      
Line of Credit Facility [Line Items]      
Term of debt   7 years  
Mortgages payable - Fannie Mae credit facility | Mortgages | Interest Only Payment Date Two      
Line of Credit Facility [Line Items]      
Term of debt   10 years  
Mortgages payable - Fannie Mae credit facility | Mortgages | Interest Only Payment Date Three      
Line of Credit Facility [Line Items]      
Term of debt   12 years  
Line of Credit | Base Rate | Minimum      
Line of Credit Facility [Line Items]      
Basis spread on variable rate 0.25%    
Line of Credit | Base Rate | Maximum      
Line of Credit Facility [Line Items]      
Basis spread on variable rate 0.80%    
Line of Credit | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum      
Line of Credit Facility [Line Items]      
Basis spread on variable rate 1.25%    
Line of Credit | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum      
Line of Credit Facility [Line Items]      
Basis spread on variable rate 1.80%    
Line of Credit | BMO Line of Credit      
Line of Credit Facility [Line Items]      
Maximum borrowing capacity   $ 250,000,000  
Revolving lines of credit   40,000,000  
Remaining borrowing capacity   $ 210,000,000  
Number of extensions | extensionOption   2  
Debt extension term   6 months  
Accordion option   $ 400,000,000  
Operating Line of Credit      
Line of Credit Facility [Line Items]      
Maximum borrowing capacity   6,000,000  
Revolving lines of credit   $ 357,000 $ 0