Quarterly report pursuant to Section 13 or 15(d)

REVOLVING CREDIT FACILITY AND TERM LOANS (Details)

v3.23.1
REVOLVING CREDIT FACILITY AND TERM LOANS (Details)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2023
USD ($)
property
Dec. 31, 2020
Dec. 31, 2022
USD ($)
May 06, 2021
USD ($)
lender
2021 Credit Facility | Until May 6, 2022        
Line of Credit Facility [Line Items]        
Debt service coverage ratio 1.10%      
2021 Credit Facility | May 7, 2022 through May 6, 2023        
Line of Credit Facility [Line Items]        
Debt service coverage ratio 1.20%      
2021 Credit Facility | After May 6, 2023        
Line of Credit Facility [Line Items]        
Debt service coverage ratio 1.40%      
2021 Term Loan        
Line of Credit Facility [Line Items]        
Loan period 18 months      
2021 Credit Agreement        
Line of Credit Facility [Line Items]        
Loan period 3 years      
2021 Credit Agreement, Letter Of Credit        
Line of Credit Facility [Line Items]        
Borrowing capacity under the credit facility $ 50      
2021 Credit Facility, Usage Less Or Equal To Fifty Percent        
Line of Credit Facility [Line Items]        
Facility fee basis points 0.35%      
2021 Credit Facility, Usage Greater Than Fifty Percent        
Line of Credit Facility [Line Items]        
Facility fee basis points 0.25%      
2021 Credit Facility        
Line of Credit Facility [Line Items]        
Number of lenders | lender       7
Secured debt       $ 250
Variable interest rate 0.12%      
Maximum collateral pool leverage ratio 40.00%      
Tangible net worth ratio   80.00%    
Percentage of net cash proceeds of equity issuances 80.00%      
2021 Credit Facility | 2021 Credit Facility | Overnight Bank Funding Rate        
Line of Credit Facility [Line Items]        
Variable interest rate 0.50%      
2021 Credit Facility | 2021 Credit Facility | Adjusted LIBO Rate        
Line of Credit Facility [Line Items]        
Variable interest rate 1.00%      
2021 Credit Facility | 2021 Credit Agreement | Harborside 2/3 And Harborside 5        
Line of Credit Facility [Line Items]        
Appraisal value $ 800      
2021 Credit Facility | Minimum        
Line of Credit Facility [Line Items]        
Variable interest rate 1.25%      
Number of collateral pool properties | property 2      
2021 Credit Facility | Minimum | 2021 Credit Facility        
Line of Credit Facility [Line Items]        
Appraisal value $ 800      
2021 Credit Facility | Maximum        
Line of Credit Facility [Line Items]        
Variable interest rate 2.75%      
Total leverage ratio 65.00%      
2021 Term Loan        
Line of Credit Facility [Line Items]        
Secured debt       $ 150
Borrowing capacity under the credit facility $ 150      
2021 Term Loan | Harborside 2/3 And Harborside 5        
Line of Credit Facility [Line Items]        
Appraisal value 800      
2021 Credit Agreement        
Line of Credit Facility [Line Items]        
Borrowing capacity under the credit facility $ 250      
2021 Credit Agreement | Overnight Bank Funding Rate        
Line of Credit Facility [Line Items]        
Variable interest rate 0.00%      
2021 Credit Agreement | Adjusted LIBO Rate        
Line of Credit Facility [Line Items]        
Variable interest rate 1.00%      
2021 Credit Agreement | Unsecured Revolving Credit Facility        
Line of Credit Facility [Line Items]        
Outstanding borrowings under the facility $ 0   $ 0