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Investments in Joint Ventures - Schedule of Investments in Multifamily Joint Ventures (Details) - USD ($) $ in Thousands | Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
--- | --- | --- | ---
Schedule of Equity Method Investments [Line Items] |  |  |
Total assets | $ 728,485 | $ 709,166 | $ 701,084
Capital – Third Parties | 423,103 | 414,520 |
Total liabilities and equity | 728,485 | 709,166 |
Buzzard Point Sponsor, LLC |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Investments in real estate, net | 0 | 0 |
Cash and restricted cash | 0 | 0 |
Unrealized rents & receivables | 0 | 0 |
Deferred costs | 4,892 | 4,652 |
Total assets | 4,892 | 4,652 |
Secured notes payable | 0 | 0 |
Other liabilities | 0 | 0 |
Capital – FRP | 2,446 | 2,326 |
Capital – Third Parties | 2,446 | 2,326 |
Total liabilities and equity | 4,892 | 4,652 |
Bryant Street Partnerships |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Investments in real estate, net | 180,928 | 187,616 |
Cash and restricted cash | 5,348 | 7,543 |
Unrealized rents & receivables | 6,708 | 6,737 |
Deferred costs | 1,406 | 738 |
Total assets | 194,390 | 202,634 |
Secured notes payable | 108,084 | 107,084 |
Other liabilities | 3,126 | 3,129 |
Capital – FRP | 63,241 | 69,779 |
Capital – Third Parties | 19,939 | 22,642 |
Total liabilities and equity | 194,390 | 202,634 |
Estero Partnership |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Investments in real estate, net | 40,733 | 35,576 |
Cash and restricted cash | 613 | 3,076 |
Unrealized rents & receivables | 0 | 0 |
Deferred costs | 0 | 0 |
Total assets | 41,346 | 38,652 |
Secured notes payable | 16,000 | 16,000 |
Other liabilities | 856 | 0 |
Capital – FRP | 3,600 | 3,600 |
Capital – Third Parties | 20,890 | 19,052 |
Total liabilities and equity | 41,346 | 38,652 |
Verge Partnership |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Investments in real estate, net | 124,010 | 128,154 |
Cash and restricted cash | 2,001 | 1,323 |
Unrealized rents & receivables | 250 | 403 |
Deferred costs | 138 | 293 |
Total assets | 126,399 | 130,173 |
Secured notes payable | 68,242 | 72,691 |
Other liabilities | 1,209 | 1,344 |
Capital – FRP | 34,874 | 34,391 |
Capital – Third Parties | 22,074 | 21,747 |
Total liabilities and equity | 126,399 | 130,173 |
Greenville Partnerships |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Investments in real estate, net | 94,020 | 95,911 |
Cash and restricted cash | 3,104 | 2,000 |
Unrealized rents & receivables | 258 | 127 |
Deferred costs | 195 | 185 |
Total assets | 97,577 | 98,223 |
Secured notes payable | 79,829 | 66,434 |
Other liabilities | 2,158 | 3,867 |
Capital – FRP | 4,870 | 10,450 |
Capital – Third Parties | 10,720 | 17,472 |
Total liabilities and equity | 97,577 | 98,223 |
Total Multifamily |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Investments in real estate, net | 439,691 | 447,257 |
Cash and restricted cash | 11,066 | 13,942 |
Unrealized rents & receivables | 7,216 | 7,267 |
Deferred costs | 6,631 | 5,868 |
Total assets | 464,604 | 474,334 |
Secured notes payable | 272,155 | 262,209 |
Other liabilities | 7,349 | 8,340 |
Capital – FRP | 109,031 | 120,546 |
Capital – Third Parties | 76,069 | 83,239 |
Total liabilities and equity | $ 464,604 | $ 474,334 |

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