v3.26.1
Mortgages Payable (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Mortgages Payable    
Deferred financing costs, net $ (9,707) $ (10,316)
Total mortgages payable 421,919 428,392
Mortgages    
Mortgages Payable    
Total 433,481 440,783
Fair value adjustments (1,855) (2,075)
Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal 306,600 326,027
Mortgages | Floating Rate    
Mortgages Payable    
Outstanding Principal 126,881 114,756
Allure at Southpark | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 55,166 55,166
Interest rate on outstanding borrowings (as a percent) 5.58%  
Amira at Westly | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 56,650 56,650
Interest rate on outstanding borrowings (as a percent) 4.81%  
Avenue at Timberlin Park | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 23,660 23,660
Interest rate on outstanding borrowings (as a percent) 5.47%  
District at Parkview | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 38,625 38,625
Interest rate on outstanding borrowings (as a percent) 5.18%  
ILE | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 17,652 23,096
Interest rate on outstanding borrowings (as a percent) 4.31%  
ILE | Mortgages | Floating Rate    
Mortgages Payable    
Outstanding Principal $ 19,711 21,782
Interest rate on outstanding borrowings (as a percent) 6.50%  
Parkside at Summers Corner | Mortgages | Floating Rate    
Mortgages Payable    
Outstanding Principal $ 4,646  
Interest rate on outstanding borrowings (as a percent) 5.86%  
Skytop Apartments | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 57,525 57,525
Interest rate on outstanding borrowings (as a percent) 4.98%  
Southern Pines Reserve | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 30,739 30,739
Interest rate on outstanding borrowings (as a percent) 5.13%  
Villas at Huffmeister | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 26,583 26,846
Interest rate on outstanding borrowings (as a percent) 3.56%  
Yauger Park Villas | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal   13,720
Yauger Park Villas | Mortgages | Floating Rate    
Mortgages Payable    
Outstanding Principal $ 14,550  
Interest rate on outstanding borrowings (as a percent) 5.45%  
DB Loan | Mortgages | Floating Rate    
Mortgages Payable    
Outstanding Principal $ 55,000 60,000
Interest rate on outstanding borrowings (as a percent) 5.45%  
Harmony at Clear Creek | Mortgages | Floating Rate    
Mortgages Payable    
Outstanding Principal $ 1 1
Interest rate on outstanding borrowings (as a percent) 6.78%  
Wayford at Concord | Mortgages | Floating Rate    
Mortgages Payable    
Outstanding Principal $ 32,973 $ 32,973
Interest rate on outstanding borrowings (as a percent) 4.73%