v3.26.1
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - Schedule of Real Estate and Accumulated Depreciation (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances $ 210,825      
Initial cost, land 160,483      
Initial cost, buildings 490,507      
Cost Capitalized Subsequent to Acquisition 39,210      
Gross amount, land 163,532      
Gross amount, building & improvements 526,668      
Gross amount, total 690,200 $ 636,181 $ 568,951 $ 559,875
Accumulated Depreciation 87,769 $ 78,793 $ 67,365 $ 66,054
Multifamily        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 202,389      
Initial cost, land 66,485      
Initial cost, buildings 403,170      
Cost Capitalized Subsequent to Acquisition 10,599      
Gross amount, land 70,029      
Gross amount, building & improvements 410,225      
Gross amount, total 480,254      
Accumulated Depreciation 33,883      
Multifamily | Alera        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 29,243      
Initial cost, land 5,140      
Initial cost, buildings 50,235      
Cost Capitalized Subsequent to Acquisition 0      
Gross amount, land 5,140      
Gross amount, building & improvements 50,235      
Gross amount, total 55,375      
Accumulated Depreciation 403      
Multifamily | Bandera Ridge        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 18,808      
Initial cost, land 2,720      
Initial cost, buildings 45,362      
Cost Capitalized Subsequent to Acquisition 0      
Gross amount, land 2,720      
Gross amount, building & improvements 45,362      
Gross amount, total 48,082      
Accumulated Depreciation 293      
Multifamily | Blue Lake Villas        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 9,146      
Initial cost, land 6,920      
Initial cost, buildings 27,680      
Cost Capitalized Subsequent to Acquisition 225      
Gross amount, land 6,920      
Gross amount, building & improvements 27,905      
Gross amount, total 34,825      
Accumulated Depreciation 2,232      
Multifamily | Blue Lake Villas Phase II        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 3,192      
Initial cost, land 2,400      
Initial cost, buildings 9,600      
Cost Capitalized Subsequent to Acquisition 53      
Gross amount, land 2,400      
Gross amount, building & improvements 9,653      
Gross amount, total 12,053      
Accumulated Depreciation 768      
Multifamily | Chelsea        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 7,686      
Initial cost, land 1,225      
Initial cost, buildings 11,230      
Cost Capitalized Subsequent to Acquisition 62      
Gross amount, land 1,231      
Gross amount, building & improvements 11,286      
Gross amount, total 12,517      
Accumulated Depreciation 2,095      
Multifamily | Forest Grove        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 6,442      
Initial cost, land 1,440      
Initial cost, buildings 10,234      
Cost Capitalized Subsequent to Acquisition 64      
Gross amount, land 1,440      
Gross amount, building & improvements 10,298      
Gross amount, total 11,738      
Accumulated Depreciation 1,451      
Multifamily | Landing on Bayou Cane        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 13,872      
Initial cost, land 2,011      
Initial cost, buildings 18,255      
Cost Capitalized Subsequent to Acquisition 513      
Gross amount, land 2,011      
Gross amount, building & improvements 18,768      
Gross amount, total 20,779      
Accumulated Depreciation 2,911      
Multifamily | Legacy at Pleasant Grove        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 12,034      
Initial cost, land 2,005      
Initial cost, buildings 18,109      
Cost Capitalized Subsequent to Acquisition 176      
Gross amount, land 2,033      
Gross amount, building & improvements 18,257      
Gross amount, total 20,290      
Accumulated Depreciation 5,616      
Multifamily | Merano        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 24,284      
Initial cost, land 5,200      
Initial cost, buildings 43,772      
Cost Capitalized Subsequent to Acquisition 0      
Gross amount, land 5,200      
Gross amount, building & improvements 43,772      
Gross amount, total 48,972      
Accumulated Depreciation 205      
Multifamily | Mountain Creek        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 0      
Initial cost, land 0      
Initial cost, buildings 0      
Cost Capitalized Subsequent to Acquisition 9,268      
Gross amount, land 3,510      
Gross amount, building & improvements 5,758      
Gross amount, total 9,268      
Accumulated Depreciation 0      
Multifamily | Northside on Travis        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 10,849      
Initial cost, land 7,160      
Initial cost, buildings 28,640      
Cost Capitalized Subsequent to Acquisition 21      
Gross amount, land 7,160      
Gross amount, building & improvements 28,661      
Gross amount, total 35,821      
Accumulated Depreciation 2,270      
Multifamily | Parc at Denham Springs        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 15,683      
Initial cost, land 6,060      
Initial cost, buildings 24,240      
Cost Capitalized Subsequent to Acquisition 29      
Gross amount, land 6,060      
Gross amount, building & improvements 24,269      
Gross amount, total 30,329      
Accumulated Depreciation 1,927      
Multifamily | Parc at Denham Springs Phase II        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 15,223      
Initial cost, land 1,505      
Initial cost, buildings 16,975      
Cost Capitalized Subsequent to Acquisition 0      
Gross amount, land 1,505      
Gross amount, building & improvements 16,975      
Gross amount, total 18,480      
Accumulated Depreciation 2,610      
Multifamily | Residences at Holland Lake        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 10,006      
Initial cost, land 6,300      
Initial cost, buildings 25,200      
Cost Capitalized Subsequent to Acquisition 51      
Gross amount, land 6,300      
Gross amount, building & improvements 25,251      
Gross amount, total 31,551      
Accumulated Depreciation 2,008      
Multifamily | Villas of Park West Phase I        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 8,779      
Initial cost, land 8,200      
Initial cost, buildings 32,800      
Cost Capitalized Subsequent to Acquisition 109      
Gross amount, land 8,200      
Gross amount, building & improvements 32,909      
Gross amount, total 41,109      
Accumulated Depreciation 2,613      
Multifamily | Villas of Park West Phase II        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 7,977      
Initial cost, land 6,860      
Initial cost, buildings 27,440      
Cost Capitalized Subsequent to Acquisition 22      
Gross amount, land 6,860      
Gross amount, building & improvements 27,462      
Gross amount, total 34,322      
Accumulated Depreciation 2,175      
Multifamily | Vista Ridge        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 9,165      
Initial cost, land 1,339      
Initial cost, buildings 13,398      
Cost Capitalized Subsequent to Acquisition 6      
Gross amount, land 1,339      
Gross amount, building & improvements 13,404      
Gross amount, total 14,743      
Accumulated Depreciation 4,306      
Commercial        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 0      
Initial cost, land 27,783      
Initial cost, buildings 87,337      
Cost Capitalized Subsequent to Acquisition 29,082      
Gross amount, land 27,759      
Gross amount, building & improvements 116,443      
Gross amount, total 144,202      
Accumulated Depreciation 53,886      
Commercial | 770 South Post Oak        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 0      
Initial cost, land 1,763      
Initial cost, buildings 16,312      
Cost Capitalized Subsequent to Acquisition 1,998      
Gross amount, land 1,763      
Gross amount, building & improvements 18,310      
Gross amount, total 20,073      
Accumulated Depreciation 5,148      
Commercial | Browning Place        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 0      
Initial cost, land 5,096      
Initial cost, buildings 49,441      
Cost Capitalized Subsequent to Acquisition 15,973      
Gross amount, land 5,096      
Gross amount, building & improvements 65,414      
Gross amount, total 70,510      
Accumulated Depreciation 34,572      
Commercial | Stanford Center        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 0      
Initial cost, land 20,278      
Initial cost, buildings 21,510      
Cost Capitalized Subsequent to Acquisition 6,843      
Gross amount, land 20,278      
Gross amount, building & improvements 28,353      
Gross amount, total 48,631      
Accumulated Depreciation 14,126      
Commercial | Other        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 0      
Initial cost, land 646      
Initial cost, buildings 74      
Cost Capitalized Subsequent to Acquisition 4,268      
Gross amount, land 622      
Gross amount, building & improvements 4,366      
Gross amount, total 4,988      
Accumulated Depreciation 40      
Developed and Undeveloped Land        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 8,436      
Initial cost, land 66,215      
Initial cost, buildings 0      
Cost Capitalized Subsequent to Acquisition (471)      
Gross amount, land 65,744      
Gross amount, building & improvements 0      
Gross amount, total 65,744      
Accumulated Depreciation 0      
Developed and Undeveloped Land | Mercer Crossing        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 0      
Initial cost, land 2,999      
Initial cost, buildings 0      
Cost Capitalized Subsequent to Acquisition (166)      
Gross amount, land 2,833      
Gross amount, building & improvements 0      
Gross amount, total 2,833      
Accumulated Depreciation 0      
Developed and Undeveloped Land | Windmill Farms        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 0      
Initial cost, land 43,608      
Initial cost, buildings 0      
Cost Capitalized Subsequent to Acquisition 3,288      
Gross amount, land 46,896      
Gross amount, building & improvements 0      
Gross amount, total 46,896      
Accumulated Depreciation 0      
Developed and Undeveloped Land | Other        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 8,436      
Initial cost, land 19,608      
Initial cost, buildings 0      
Cost Capitalized Subsequent to Acquisition (3,593)      
Gross amount, land 16,015      
Gross amount, building & improvements 0      
Gross amount, total 16,015      
Accumulated Depreciation $ 0