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Investments in Unconsolidated Entities (Details) - Equity Method Investments - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]          
Carrying Amount $ 78,040   $ 78,040   $ 40,472
Carrying Amount, fair value option $ 88,108   $ 88,108   $ 32,994
BBA-EP320 II, L.L.C., BBA-Ten10 II, L.L.C., and Lexington on the Green Apartments, L.L.C. (collectively)          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 45.00%   45.00%   45.00%
Carrying Amount $ 9,503   $ 9,503   $ 8,948
Income from investments in unconsolidated entities $ 287 $ 259 $ 562 $ 512  
Somerset Deerfield Investor, LLC          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 45.00%   45.00%   45.00%
Carrying Amount $ 16,796   $ 16,796   $ 16,266
Income from investments in unconsolidated entities $ 492 0 $ 970 0  
RS SWD Owner, LLC, RS SWD Mitchell Owner, LLC, RS SWD IF Owner, LLC, RS SWD Mullis Owner, LLC, RS SWD JH Mullis Owner, and RS SWD Saltzman Owner, LLC (collectively)          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 43.00%   43.00%   43.00%
Carrying Amount $ 4,792   $ 4,792   $ 4,714
Income from investments in unconsolidated entities $ 134 0 $ 265 0  
Audubon Mezzanine Holdings, LLC (Series A)          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 57.00%   57.00%   57.00%
Carrying Amount $ 10,795   $ 10,795   $ 10,544
Income from investments in unconsolidated entities $ 304 0 $ 601 0  
EP 320 Growth Fund, L.L.C. (Series A) and Turnbury Park Apartments - BC, L.L.C. (Series A) (collectively)          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 46.00%   46.00%   0.00%
Carrying Amount $ 6,687   $ 6,687   $ 0
Income from investments in unconsolidated entities $ 188 0 $ 353 0  
Walnut Creek Properties Holdings, L.L.C.          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 36.00%   36.00%   0.00%
Carrying Amount $ 8,093   $ 8,093   $ 0
Income from investments in unconsolidated entities $ 231 0 $ 328 0  
Towers Property Holdings LLC [Member]          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 37.00%   37.00%   0.00%
Carrying Amount $ 10,885   $ 10,885   $ 0
Income from investments in unconsolidated entities $ 10 0 $ 10 0  
Mansions Property Holdings LLC [Member]          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 34.00%   34.00%   0.00%
Carrying Amount $ 10,489   $ 10,489   $ 0
Income from investments in unconsolidated entities $ 10 0 $ 10 0  
Evergreens JV Holdings, LLC          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 85.00%   85.00%   85.00%
Carrying Amount, fair value option $ 12,500   $ 12,500   $ 8,200
Income from investments in unconsolidated entities $ 1,289 171 $ 4,513 365  
The Preserve at Port Royal Venture, LLC          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 77.00%   77.00%   77.00%
Carrying Amount, fair value option $ 14,260   $ 14,260   $ 13,840
Income from investments in unconsolidated entities $ 409 419 $ 847 902  
Morrocroft Neighborhood Stabilization Fund II, LP          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 11.00%   11.00%   11.00%
Carrying Amount, fair value option $ 11,348   $ 11,348   $ 10,954
Income from investments in unconsolidated entities $ 163 398 $ 395 680  
Headlands Asset Management Fund III, Cayman, LP, Headlands Flagship Opportunity Fund Series I [Member]          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 49.00%   49.00%   0.00%
Carrying Amount, fair value option $ 50,000   $ 50,000   $ 0
WR Savannah Holdings, LLC          
Schedule of Equity Method Investments [Line Items]          
Income from investments in unconsolidated entities $ 0 $ 1,269 $ 0 $ 1,629