v3.26.1
LOANS AND MORTGAGES PAYABLE AND OTHER LONG-TERM INDEBTEDNESS (Details Narrative) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jul. 22, 2025
Feb. 06, 2022
Jun. 30, 2026
Dec. 31, 2025
May 29, 2026
May 07, 2026
Line of Credit Facility [Line Items]            
Mortgages Payable, net of unamortized debt issuance costs     $ 545,374 $ 556,129    
Weighted average loan maturity of mortgages payable term     5 years 8 months 12 days 6 years 1 month 6 days    
Series B Bonds [Member]            
Line of Credit Facility [Line Items]            
Aggregate principal amount $ 80,200          
Percentage of aggregate principal amount 5.85%          
Net proceeds from sale of bonds $ 75,100          
Interest rate 5.85%          
Increase in interest rate 1.25%          
Two Mortgage [Member]            
Line of Credit Facility [Line Items]            
Mortgages Payable, net of unamortized debt issuance costs         $ 6,700  
Maximum [Member]            
Line of Credit Facility [Line Items]            
Threshold percentage 50.00%          
Maximum [Member] | Series B Bonds [Member]            
Line of Credit Facility [Line Items]            
Interest rate 0.50%          
Maximum interest payable percentage 1.50%          
Minimum [Member]            
Line of Credit Facility [Line Items]            
Threshold percentage 35.00%          
Series A Bonds [Member]            
Line of Credit Facility [Line Items]            
Sale of stock number of value issued in transaction   $ 102,700        
Debt instrument interest rate stated percentage   4.72%        
Sale of stock consideration received on transaction   $ 98,700        
Debt instrument maturity date   Feb. 28, 2027        
Series A Bonds [Member] | Maximum [Member]            
Line of Credit Facility [Line Items]            
Debt instrument interest rate stated percentage   1.25%        
Unsecured Revolving Credit Facility [Member] | Amended and Restated Credit Agreement [Member]            
Line of Credit Facility [Line Items]            
Line of credit facility, borrowing capacity           $ 260,000
Line of credit accordion feature           340,000
Line of credit facility, maximum borrowing capacity           $ 600,000
Line of credit facility, description     Availability under the amended Facility is limited to 60% of the value of a pool of unencumbered communities owned 100% by us. The value of these unencumbered communities increased through the reduction of the capitalization rate from 6.5% to now 6.0% applied to the Net Operating Income (“NOI”) generated by these unencumbered communities. Interest is based on the Company’s overall leverage ratio and has been reduced by approximately 35 to 40 basis points, depending on the Company’s overall leverage ratio, and is now equal to the Secured Overnight Financing Rate (“SOFR”) plus 1.30% to 1.90%, or BMO’s prime lending rate plus 0.30% to 0.90%