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Investments in Real Estate - Schedule of Acquisitions (Detail) $ in Thousands | 12 Months Ended
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Dec. 31, 2023 USD ($) unit | Dec. 31, 2022 USD ($) unit
Asset Acquisition [Line Items] |  |
Units (unaudited) | unit | 678 | 594
Purchase Price | $ | $ 203,440 | $ 139,916
Views of Music City (phase I) | TENNESSEE |  |
Asset Acquisition [Line Items] |  |
Units (unaudited) | unit | 96 |
Purchase Price | $ | $ 25,440 |
Cyan Mallard Creek | NORTH CAROLINA |  |
Asset Acquisition [Line Items] |  |
Units (unaudited) | unit | 234 |
Purchase Price | $ | $ 80,000 |
The Enclave at Tranquility Lake | FLORIDA |  |
Asset Acquisition [Line Items] |  |
Units (unaudited) | unit | 348 |
Purchase Price | $ | $ 98,000 |
Vesta City Park | NORTH CAROLINA |  |
Asset Acquisition [Line Items] |  |
Units (unaudited) | unit |  | 272
Purchase Price | $ |  | $ 66,544
Cyan Craig Ranch | TEXAS |  |
Asset Acquisition [Line Items] |  |
Units (unaudited) | unit |  | 322
Purchase Price | $ |  | $ 73,372

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