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Note 4 - Investments in Unconsolidated Real Estate (Tables) | 6 Months Ended
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Jun. 30, 2026
Notes Tables |
Equity Method Investments [Table Text Block] |
|  |  |  |  |  |  |  |  |  |  |  | Carrying Value As Of |
Investments in Unconsolidated Real Estate Entities |  | Location |  | Units (1) |  |  | IRT Ownership Interest |  |  | June 30, 2026 |  |  | December 31, 2025 |
Lakeline Station (2) |  | Austin, TX |  |  | — |  |  |  | — |  |  | $ | — |  |  | $ | 42,179 |
The Mustang (3) |  | Dallas, TX |  |  | 275 |  |  |  | 85.0 | % |  |  | 31,036 |  |  |  | 30,578 |
Nexton Pine Hollow |  | Charleston, SC |  |  | 324 |  |  |  | 90.0 | % |  |  | 29,892 |  |  |  | 22,097 |
The Approach |  | Indianapolis, IN |  |  | 318 |  |  |  | 66.6 | % |  |  | 9,042 |  |  |  | 3,409 |
Total |  |  | 917 |  |  |  |  |  |  | $ | 69,970 |  |  | $ | 98,263 |
​ | ​ | Assets and Liabilities Consolidated During the | ​
​ | ​ | Six Months Ended | ​
​ | ​ | June 30, 2026 | ​
Assets: | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 41 | ​
Restricted cash | ​ | ​ | 53 | ​
Other assets | ​ | ​ | 204 | ​
Investments in real estate | ​ | ​ | 28,708 | ​
Investments in real estate under development | ​ | ​ | 90,395 | ​
Total assets | ​ | $ | 119,401 | ​
Liabilities: | ​ | ​ | ​ | ​
Accounts payable and accrued expenses | ​ | $ | 4,394 | ​
Other liabilities | ​ | ​ | 49 | ​
Mortgage loan (1) | ​ | ​ | 72,675 | ​
Total liabilities | ​ | ​ | 77,118 | ​
Derecognition of investments in unconsolidated real estate entities | ​ | ​ | 42,283 | ​
Total liabilities and equity | ​ | $ | 119,401 | ​

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
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