v3.25.4

Note 4 - Investments in Unconsolidated Real Estate Entities (Details Textual) $ in Thousands |  |  | 12 Months Ended |  |
--- | --- | --- | --- | --- | ---
Oct. 09, 2025 USD ($) | Jul. 21, 2025 USD ($) | Dec. 31, 2025 USD ($) | Dec. 31, 2024 USD ($) | Dec. 31, 2023 USD ($) | Jan. 20, 2026 | Oct. 08, 2025 USD ($)
Real Estate Inventory, Capitalized Interest Costs |  |  | $ 269,739 |  |  |  |
Construction Payable |  |  | 151,979 |  |  |  |
Income (Loss) from Equity Method Investments |  |  | $ 11,066 | $ 347 | $ (4,488) |  |
Number of Units in Real Estate Property |  |  | 33,462 |  |  |  |
Gains (Losses) on Sales of Investment Real Estate |  |  | $ 6,147 | $ (9,862) | $ (66,547) |  |
Subsequent Event [Member] | Lakeline Station [Member] |  |  |  |  |  |  |
Subsidiary, Ownership Percentage, Parent |  |  |  |  |  | 100.00% |
Metropolis At Innsbrook [Member] |  |  |  |  |  |  |
Number of Units in Real Estate Property |  | 402 |  |  |  |  |
Equity Method Investment, Ownership Percentage |  | 84.80% |  |  |  |  |
Proceeds from Sale of Real Estate |  | $ 31,356 |  |  |  |  |
Equity Method Investment, Amount Sold |  | 24,501 |  |  |  |  |
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions |  | 6,855 |  |  |  |  |
Gains (Losses) on Sales of Investment Real Estate |  | $ 10,576 |  |  |  |  |
Views of Music City [Member] |  |  |  |  |  |  |
Equity Method Investment, Amount Sold | $ 5,912 |  |  |  |  |  |
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | 3,248 |  |  |  |  |  |
Gains (Losses) on Sales of Investment Real Estate | $ 3,248 |  |  |  |  |  |
Lakeline Station [Member] |  |  |  |  |  |  |
Number of Units in Real Estate Property |  |  | 378 |  |  |  |
Lakeline Station [Member] | Subsequent Event [Member] |  |  |  |  |  |  |
Equity Method Investment, Ownership Percentage Acquired |  |  |  |  |  | 10.00% |
The Mustang [Member] |  |  |  |  |  |  |
Number of Units in Real Estate Property |  |  | 275 |  |  |  |
The Approach [Member] |  |  |  |  |  |  |
Number of Units in Real Estate Property |  |  |  |  |  |  | 318
Equity Method Investment, Ownership Percentage |  |  |  |  |  |  | 66.60%
Real Estate, Commitment to Invest |  |  |  |  |  |  | $ 20,000
Equity Method Investments |  |  |  |  |  |  | $ 3,400

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