v3.26.1
Related Party Transactions - Additional Information 2 (Details) - USD ($)
$ in Thousands
6 Months Ended 52 Months Ended
Aug. 12, 2026
Feb. 09, 2026
Nov. 04, 2025
Oct. 01, 2025
Sep. 24, 2025
Aug. 24, 2025
Jul. 31, 2025
Apr. 29, 2025
Jul. 10, 2024
Apr. 29, 2024
Nov. 02, 2023
Feb. 01, 2022
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2026
Aug. 25, 2025
Related Party Transaction [Line Items]                                  
Preferred equity method investments                         $ 11,400     $ 11,400  
Payments to acquire real estate                         1,935 $ 836      
Issuance of common stock (in shares)                               531,728  
SFR OP Note                                  
Related Party Transaction [Line Items]                                  
Outstanding face amount                 $ 5,000                
Interest rate, stated percentage                 15.00%                
Maturity date                 Jul. 10, 2025                
Proceeds from debt                             $ 3,500    
Repayments of long-term debt               $ 1,900                  
Line of credit facility, maximum borrowing capacity                         15,000     $ 15,000 $ 15,000
The NexBank Loan                                  
Related Party Transaction [Line Items]                                  
Maturity date   Apr. 27, 2027               Apr. 28, 2025              
Proceeds from debt         $ 2,500 $ 5,000 $ 3,400     $ 10,000     10,000        
Line Of Credit, Maximum Commitment, Unfunded Amount                         2,500     $ 2,500  
Dealer Manager | NexPoint Securities                                  
Related Party Transaction [Line Items]                                  
Proceeds from the issuance of preferred stock through public offering, net of offering costs       $ 430,000                 395,600        
Elysian at Hughes Center                                  
Related Party Transaction [Line Items]                                  
Payments to acquire real estate                       $ 184,100          
Redeemable Preferred Stock                                  
Related Party Transaction [Line Items]                                  
Stock redeemed during the period                         $ 54,000        
Series B Preferred Stock                                  
Related Party Transaction [Line Items]                                  
Issuance of common stock (in shares)                     16,000,000            
Proceeds from the issuance of preferred stock through public offering, net of offering costs                           $ 96,562      
Stock redeemed (in shares)                         127,084        
Series B Preferred Stock | NexPoint Securities                                  
Related Party Transaction [Line Items]                                  
Dealer manager fee (as a percent)                     3.00%            
Selling commissions (as a percent)                     7.00%            
Series B Preferred Stock | Dealer Manager                                  
Related Party Transaction [Line Items]                                  
Issuance of common stock (in shares)       17,200,000                 16,186,525        
Series B Preferred Stock | Dealer Manager | NexPoint Securities                                  
Related Party Transaction [Line Items]                                  
Proceeds from the issuance of preferred stock through public offering, net of offering costs                         $ 395,600        
Payment to dealer manager                         19,400        
Payment of selling commission                         $ 9,500        
Series C Preferred Stock                                  
Related Party Transaction [Line Items]                                  
Sale of stock, number of shares issued (in shares)                         8,000,000        
Issuance of common stock (in shares)     8,000,000                            
Proceeds from the issuance of preferred stock through public offering, net of offering costs $ 6,400                       $ 41,260        
Stock redeemed (in shares)                         0        
Series C Preferred Stock | NexPoint Securities                                  
Related Party Transaction [Line Items]                                  
Dealer manager fee (as a percent)     3.00%                            
Selling commissions (as a percent)     7.00%                            
Series C Preferred Stock | Dealer Manager                                  
Related Party Transaction [Line Items]                                  
Issuance of common stock (in shares)                         1,799,651        
Series C Preferred Stock | Dealer Manager | NexPoint Securities                                  
Related Party Transaction [Line Items]                                  
Sale of stock, number of shares issued (in shares)                         8,000,000        
Proceeds from the issuance of preferred stock through public offering, net of offering costs                         $ 45,000        
Payment to dealer manager                         2,700        
Series C Preferred Stock | Dealer Manager | NexPoint Securities | Maximum                                  
Related Party Transaction [Line Items]                                  
Payment of selling commission                         $ 1,000