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Investments in Unconsolidated Real Estate - Summary of Investments In Unconsolidated Real Estate Entities (Details) $ in Thousands | 3 Months Ended |  |  |
--- | --- | --- | --- | ---
Mar. 31, 2024 USD ($) unit | Dec. 31, 2023 USD ($) | Oct. 02, 2023 unit | Mar. 31, 2023 unit
Schedule of Equity Method Investments [Line Items] |  |  |  |
Units | 1,463 |  |  |
Investments in unconsolidated real estate entities | $ | $ 89,487 | $ 89,044 |  |
Metropolis at Innsbrook |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |
IRT Ownership Interest | 90.00% |  |  |
Number of units placed in service | 402 |  |  |
Metropolis at Innsbrook | Richmond, VA |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |
Units | 402 |  |  |
IRT Ownership Interest | 84.80% |  |  |
Investments in unconsolidated real estate entities | $ | $ 17,363 | 18,028 |  |
Views of Music City / The Crockett |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |
Number of remaining units placed in service |  |  | 209 | 199
Views of Music City / The Crockett | Nashville, TN |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |
Units | 408 |  |  |
IRT Ownership Interest | 50.00% |  |  |
Investments in unconsolidated real estate entities | $ | $ 11,734 | 11,632 |  |
Lakeline Station | Austin, TX |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |
Units | 378 |  |  |
IRT Ownership Interest | 90.00% |  |  |
Investments in unconsolidated real estate entities | $ | $ 32,670 | 32,126 |  |
The Mustang | Dallas, TX |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |
Units | 275 |  |  |
IRT Ownership Interest | 85.00% |  |  |
Investments in unconsolidated real estate entities | $ | $ 27,720 | $ 27,258 |  |

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