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Investments in Unconsolidated Entities (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]          
Investments in unconsolidated entities $ 214,289   $ 214,289   $ 189,965
Other income (losses) 2,474 $ 2,740 4,509 $ 10,680  
Preferred Equity Ownership Interests          
Schedule of Equity Method Investments [Line Items]          
Other income (losses) 200   (4,100)    
Investment in unconsolidated entities          
Schedule of Equity Method Investments [Line Items]          
Fair Value 85,189   85,189   $ 83,882
Other income (losses) (1,300) 1,700 (1,100) 5,400  
Investment in unconsolidated entities | 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]          
Income from investments in unconsolidated entities 358 287 603 562  
Investment in unconsolidated entities | Somerset Deerfield Investor, LLC          
Schedule of Equity Method Investments [Line Items]          
Income from investments in unconsolidated entities 627 492 787 970  
Investment in unconsolidated entities | 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]          
Income from investments in unconsolidated entities 158 134 92 265  
Investment in unconsolidated entities | Audubon Mezzanine Holdings, LLC (Series A)          
Schedule of Equity Method Investments [Line Items]          
Income from investments in unconsolidated entities 284 304 175 601  
Investment in unconsolidated entities | 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]          
Income from investments in unconsolidated entities 225 188 124 353  
Investment in unconsolidated entities | Walnut Creek Properties Holdings, L.L.C.          
Schedule of Equity Method Investments [Line Items]          
Income from investments in unconsolidated entities 216 231 122 328  
Investment in unconsolidated entities | Towers Property Holdings, LLC          
Schedule of Equity Method Investments [Line Items]          
Income from investments in unconsolidated entities 284 10 122 10  
Investment in unconsolidated entities | Mansions Property Holdings, LLC          
Schedule of Equity Method Investments [Line Items]          
Income from investments in unconsolidated entities 273 10 118 10  
Investment in unconsolidated entities | Sabina Montgomery Holdings, LLC - Series B and Oakley Shoals Apartments, LLC - Series A (collectively)          
Schedule of Equity Method Investments [Line Items]          
Income from investments in unconsolidated entities 107 0 53 0  
Investment in unconsolidated entities | 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]          
Income from investments in unconsolidated entities 245 0 114 0  
Investment in unconsolidated entities | 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]          
Income from investments in unconsolidated entities 304 0 135 0  
Investment in unconsolidated entities | DCP Gold Creek, LLC          
Schedule of Equity Method Investments [Line Items]          
Income from investments in unconsolidated entities 222 0 102 0  
Investment in unconsolidated entities | 1122 Chicago DE, LLC          
Schedule of Equity Method Investments [Line Items]          
Income from investments in unconsolidated entities 296 0 236 0  
Investment in unconsolidated entities | Rigsbee Ave Holdings, LLC          
Schedule of Equity Method Investments [Line Items]          
Income from investments in unconsolidated entities $ 425 0 $ 279 0  
Investment in unconsolidated entities | The Preserve at Port Royal Venture, LLC          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 77.00%   77.00%   77.00%
Fair Value $ 17,000   $ 17,000   $ 18,310
Income from investments in unconsolidated entities $ (1,310) 409 $ (1,071) 847  
Investment in unconsolidated entities | Morrocroft Neighborhood Stabilization Fund II, LP          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 11.00%   11.00%   11.00%
Fair Value $ 12,362   $ 12,362   $ 11,796
Income from investments in unconsolidated entities $ 347 163 $ 565 395  
Investment in unconsolidated entities | Headlands Asset Management Fund III (Cayman), LP (Headlands Flagship Opportunity Fund Series I)          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 49.00%   49.00%   49.00%
Fair Value $ 55,827   $ 55,827   $ 53,776
Income from investments in unconsolidated entities 1,051 0 2,051 0  
Investment in unconsolidated entities | Evergreens JV Holdings, LLC          
Schedule of Equity Method Investments [Line Items]          
Income from investments in unconsolidated entities 0 $ 1,289 0 $ 4,513  
Investment in unconsolidated entities | Preferred Equity Ownership Interests          
Schedule of Equity Method Investments [Line Items]          
Fair Value $ 129,100   $ 129,100    
Investments in unconsolidated entities         $ 106,083
Investment in unconsolidated entities | Preferred Equity Ownership Interests | 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%
Fair Value $ 10,849   $ 10,849    
Investments in unconsolidated entities         $ 10,108
Investment in unconsolidated entities | Preferred Equity Ownership Interests | Somerset Deerfield Investor, LLC          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 45.00%   45.00%   45.00%
Fair Value $ 17,811   $ 17,811    
Investments in unconsolidated entities         $ 17,417
Investment in unconsolidated entities | Preferred Equity Ownership Interests | 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%
Fair Value $ 4,869   $ 4,869    
Investments in unconsolidated entities         $ 4,878
Investment in unconsolidated entities | Preferred Equity Ownership Interests | Audubon Mezzanine Holdings, LLC (Series A)          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 57.00%   57.00%   57.00%
Fair Value $ 10,839   $ 10,839    
Investments in unconsolidated entities         $ 10,998
Investment in unconsolidated entities | Preferred Equity Ownership Interests | 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%   46.00%
Fair Value $ 6,804   $ 6,804    
Investments in unconsolidated entities         $ 6,847
Investment in unconsolidated entities | Preferred Equity Ownership Interests | Walnut Creek Properties Holdings, L.L.C.          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 36.00%   36.00%   36.00%
Fair Value $ 8,277   $ 8,277    
Investments in unconsolidated entities         $ 8,288
Investment in unconsolidated entities | Preferred Equity Ownership Interests | Towers Property Holdings, LLC          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 37.00%   37.00%   37.00%
Fair Value $ 11,320   $ 11,320    
Investments in unconsolidated entities         $ 11,278
Investment in unconsolidated entities | Preferred Equity Ownership Interests | Mansions Property Holdings, LLC          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 34.00%   34.00%   34.00%
Fair Value $ 10,908   $ 10,908    
Investments in unconsolidated entities         $ 10,867
Investment in unconsolidated entities | Preferred Equity Ownership Interests | Sabina Montgomery Holdings, LLC - Series B and Oakley Shoals Apartments, LLC - Series A (collectively)          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 43.00%   43.00%   43.00%
Fair Value $ 4,060   $ 4,060    
Investments in unconsolidated entities         $ 4,062
Investment in unconsolidated entities | Preferred Equity Ownership Interests | 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]          
Ownership Interest 37.00%   37.00%   37.00%
Fair Value $ 9,360   $ 9,360    
Investments in unconsolidated entities         $ 9,396
Investment in unconsolidated entities | Preferred Equity Ownership Interests | 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]          
Ownership Interest 53.00%   53.00%   53.00%
Fair Value $ 11,599   $ 11,599    
Investments in unconsolidated entities         $ 11,944
Investment in unconsolidated entities | Preferred Equity Ownership Interests | DCP Gold Creek, LLC          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 44.00%   44.00%   0.00%
Fair Value $ 5,937   $ 5,937    
Investments in unconsolidated entities         $ 0
Investment in unconsolidated entities | Preferred Equity Ownership Interests | 1122 Chicago DE, LLC          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 53.00%   53.00%   0.00%
Fair Value $ 6,826   $ 6,826    
Investments in unconsolidated entities         $ 0
Investment in unconsolidated entities | Preferred Equity Ownership Interests | Rigsbee Ave Holdings, LLC          
Schedule of Equity Method Investments [Line Items]          
Ownership Interest 56.00%   56.00%   0.00%
Fair Value $ 9,641   $ 9,641    
Investments in unconsolidated entities         $ 0