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Investments in Unconsolidated Real Estate - Summary of Investments In Unconsolidated Real Estate Entities (Details) $ in Thousands | 6 Months Ended |  |
--- | --- | --- | ---
Jun. 30, 2024 USD ($) unit | Jun. 21, 2024 | Dec. 31, 2023 USD ($)
Schedule of Equity Method Investments [Line Items] |  |  |
Units | 1,463 |  |
Investments in unconsolidated real estate entities | $ | $ 90,347 |  | $ 89,044
Metropolis at Innsbrook |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Number of units placed in service | 402 |  |
Required occupancy for call option | 90.00% |  |
Required occupancy to sell property |  | 85.00% |
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 | $ | $ 17,127 |  | 18,028
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 | $ | $ 11,805 |  | 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 | $ | $ 33,225 |  | 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 | $ | $ 28,190 |  | $ 27,258
Views of Music City II |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Number of remaining units placed in service | 209 |  |
Crockett |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Number of remaining units placed in service | 199 |  |

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