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Investments in Unconsolidated Entities - (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Jan. 01, 2020
Schedule of Equity Method Investments [Line Items]        
Investments in unconsolidated entities $ 189,965 $ 73,466   $ 107,477
Equity Method Investments        
Schedule of Equity Method Investments [Line Items]        
Investments in unconsolidated entities 106,083 40,472    
Equity method investment, fair value $ 83,882 $ 32,994    
Equity Method Investments | 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]        
Equity method investment, ownership interest 45.00% 45.00%    
Investments in unconsolidated entities $ 10,108 $ 8,948    
Changes in fair value, gain (loss) $ 1,167 $ 1,050 $ 996  
Equity Method Investments | Somerset Deerfield Investor, LLC        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership interest 45.00% 45.00%    
Investments in unconsolidated entities $ 17,417 $ 16,266    
Changes in fair value, gain (loss) $ 1,992 $ 251 0  
Equity Method Investments | RS SWD Owner, LLC, RS SWD Mitchell Owner, LLC, RS SWD IF Owner, LLC, RS SWD Mullis Owner, LLC, RS SWD JH Mullis Owner, LLC and RS SWD Saltzman Owner, LLC (collectively)        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership interest 43.00% 43.00%    
Investments in unconsolidated entities $ 4,878 $ 4,714    
Changes in fair value, gain (loss) $ 539 $ 76 0  
Equity Method Investments | Audubon Mezzanine Holdings, L.L.C. (Series A)        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership interest 57.00% 57.00%    
Investments in unconsolidated entities $ 10,998 $ 10,544    
Changes in fair value, gain (loss) $ 1,224 $ 59 0  
Equity Method Investments | 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]        
Equity method investment, ownership interest 46.00% 0.00%    
Investments in unconsolidated entities $ 6,847 $ 0    
Changes in fair value, gain (loss) $ 741 $ 0 0  
Equity Method Investments | Walnut Creek Properties Holdings, L.L.C.        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership interest 36.00% 0.00%    
Investments in unconsolidated entities $ 8,288 $ 0    
Changes in fair value, gain (loss) $ 803 $ 0 0  
Equity Method Investments | Towers Property Holdings, LLC        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership interest 37.00% 0.00%    
Investments in unconsolidated entities $ 11,278 $ 0    
Changes in fair value, gain (loss) $ 638 $ 0 0  
Equity Method Investments | Mansions Property Holdings, LLC        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership interest 34.00% 0.00%    
Investments in unconsolidated entities $ 10,867 $ 0    
Changes in fair value, gain (loss) $ 615 $ 0 0  
Equity Method Investments | Sabina Montgomery Holdings, LLC - Series B and Oakley Shoals Apartments, LLC - Series A (collectively)        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership interest 43.00% 0.00%    
Investments in unconsolidated entities $ 4,062 $ 0    
Changes in fair value, gain (loss) $ 188 $ 0 0  
Equity Method Investments | Gen1814, LLC - Series A, Highlands - Mtg. Holdings, LLC - Series A, and Polos at Hudson Investments, LLC - Series A (collectively)        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership interest 37.00% 0.00%    
Investments in unconsolidated entities $ 9,396 $ 0    
Changes in fair value, gain (loss) $ 367 $ 0 0  
Equity Method Investments | Axis Apartments Holdings, LLC, Arbor-Stratford Holdings II, LLC - Series B, Highlands - Mtg. Holdings, LLC - Series B, Oakley Shoals Apartments, LLC - Series C, and Woodland Park Apartments II, LLC (collectively)        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership interest 53.00% 0.00%    
Investments in unconsolidated entities $ 11,944 $ 0    
Changes in fair value, gain (loss) 267 0 0  
Equity Method Investments | Autumnwood Investments LLC        
Schedule of Equity Method Investments [Line Items]        
Changes in fair value, gain (loss) 0 0 265  
Equity Method Investments | 200 RHC Hoover, LLC        
Schedule of Equity Method Investments [Line Items]        
Changes in fair value, gain (loss) $ 0 $ 0 275  
Equity Method Investments | Evergreens JV Holdings, LLC        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership interest 0.00% 85.00%    
Equity method investment, fair value $ 0 $ 8,200    
Changes in fair value, gain (loss) $ 5,107 $ 4,312 571  
Equity Method Investments | The Preserve at Port Royal Venture, LLC        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership interest 77.00% 77.00%    
Equity method investment, fair value $ 18,310 $ 13,840    
Changes in fair value, gain (loss) 5,374 1,778 1,729  
Equity Method Investments | WR Savannah Holdings, LLC        
Schedule of Equity Method Investments [Line Items]        
Changes in fair value, gain (loss) 0 1,854 1,386  
Equity Method Investments | Bent Tree JV Holdings, LLC        
Schedule of Equity Method Investments [Line Items]        
Changes in fair value, gain (loss) 0 0 1,795  
Equity Method Investments | Summerchase LR Partners LLC        
Schedule of Equity Method Investments [Line Items]        
Changes in fair value, gain (loss) 0 0 569  
Equity Method Investments | Lake Mary Realty Partners, LLC        
Schedule of Equity Method Investments [Line Items]        
Changes in fair value, gain (loss) $ 0 $ 0 2,745  
Equity Method Investments | Morrocroft Neighborhood Stabilization Fund II, LP        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership interest 11.00% 11.00%    
Equity method investment, fair value $ 11,796 $ 10,954    
Changes in fair value, gain (loss) $ 843 $ 1,131 1,591  
Equity Method Investments | Headlands Asset Management Fund III (Cayman), LP (Headlands Flagship Opportunity Fund Series I)        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership interest 49.00% 0.00%    
Equity method investment, fair value $ 53,776 $ 0    
Changes in fair value, gain (loss) $ 3,776 $ 0 $ 0