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Note 4 - Investments in Unconsolidated Real Estate (Tables)

6 Months Ended

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

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X

- References

No definition available.

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