v3.25.2
Debt - Summary of Mortgage Debt Nonrecourse to Company and Encumbers Multifamily Properties (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Mortgages payable, net $ 1,466,530 $ 1,463,650
Mortgages Payable | Operating Properties    
Debt Instrument [Line Items]    
Outstanding Principal 1,466,530  
Fair market value adjustment 344  
Deferred financing costs, net of accumulated amortization (37,056)  
Mortgages payable, net $ 1,503,242  
Mortgages Payable | Residences at West Place | Debt With Fixed Interest Rate    
Debt Instrument [Line Items]    
Term (months) 120 months  
Outstanding Principal $ 33,817  
Interest Rate 4.24%  
Maturity Date Oct. 01, 2028  
Mortgages Payable | Arbors of Brentwood | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 39,977  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | Avant at Pembroke Pines | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 248,185  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | Bella Vista | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 37,400  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | Brandywine I & II | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 59,526  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | Cornerstone | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 45,815  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | Estates on Maryland | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 37,345  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | High House at Cary | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 32,478  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | Residences at Glenview Reserve | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 33,271  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | Sabal Palm at Lake Buena Vista | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 56,220  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | Six Forks Station | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 30,430  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | Summers Landing | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 14,135  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | The Adair | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 33,229  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | The Enclave | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 33,440  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | The Heritage | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 29,810  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | The Venue on Camelback | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 36,465  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | The Verandas at Lake Norman | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 30,113  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | Versailles II | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 15,706  
Interest Rate 5.41%  
Maturity Date Oct. 01, 2031  
Mortgages Payable | Arbors on Forest Ridge | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 17,307  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031  
Mortgages Payable | Atera Apartments | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 38,555  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031  
Mortgages Payable | Bella Solara | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 37,772  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031  
Mortgages Payable | Bloom | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 60,848  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031  
Mortgages Payable | Courtney Cove | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 31,596  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031  
Mortgages Payable | Creekside At Matthews | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 28,703  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031  
Mortgages Payable | Cutter's Point | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 18,994  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031  
Mortgages Payable | Fairways at San Marcos | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 55,056  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031  
Mortgages Payable | Madera Point | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 29,676  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031  
Mortgages Payable | Parc500 | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 30,012  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031  
Mortgages Payable | Rockledge Apartments | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 78,444  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031  
Mortgages Payable | Seasons 704 Apartments | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 33,960  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031  
Mortgages Payable | The Preserve at Terrell Mill | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 74,341  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031  
Mortgages Payable | The Summit at Sabal Park | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 26,735  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031  
Mortgages Payable | Torreyana Apartments | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 43,153  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031  
Mortgages Payable | Venue at 8651 | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 24,620  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031  
Mortgages Payable | Versailles | Debt With Floating Interest Rate    
Debt Instrument [Line Items]    
Term (months) 84 months  
Outstanding Principal $ 26,108  
Interest Rate 5.41%  
Maturity Date Dec. 01, 2031