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Investments in Joint Ventures - Schedule of Investments in Multifamily Joint Ventures (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Schedule of Equity Method Investments [Line Items]    
Total assets $ 750,389 $ 735,145
Capital – Third Parties 428,178 428,513
Total liabilities and equity 750,389 735,145
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 5,356 5,138
Total assets 5,356 5,138
Secured notes payable 0 0
Other liabilities 0 0
Capital – FRP 2,678 2,569
Capital – Third Parties 2,678 2,569
Total liabilities and equity 5,356 5,138
Bryant Street Partnerships    
Schedule of Equity Method Investments [Line Items]    
Investments in real estate, net 172,986 174,479
Cash and restricted cash 2,521 3,643
Unrealized rents & receivables 7,042 6,783
Deferred costs 1,169 1,284
Total assets 183,718 186,189
Secured notes payable 108,576 108,760
Other liabilities 1,927 2,363
Capital – FRP 55,274 56,735
Capital – Third Parties 17,941 18,331
Total liabilities and equity 183,718 186,189
Estero Partnership    
Schedule of Equity Method Investments [Line Items]    
Investments in real estate, net 70,448 59,843
Cash and restricted cash 5,111 7,406
Unrealized rents & receivables 236 235
Deferred costs 0 0
Total assets 75,795 67,484
Secured notes payable 8,235 8,235
Other liabilities 5,280 3,331
Capital – FRP 9,509 6,828
Capital – Third Parties 52,771 49,090
Total liabilities and equity 75,795 67,484
Verge Partnership    
Schedule of Equity Method Investments [Line Items]    
Investments in real estate, net 118,898 119,954
Cash and restricted cash 1,463 1,728
Unrealized rents & receivables 420 374
Deferred costs 96 138
Total assets 120,877 122,194
Secured notes payable 68,562 68,498
Other liabilities 1,263 1,509
Capital – FRP 31,255 31,952
Capital – Third Parties 19,797 20,235
Total liabilities and equity 120,877 122,194
Greenville Partnerships    
Schedule of Equity Method Investments [Line Items]    
Investments in real estate, net 112,715 107,656
Cash and restricted cash 2,172 3,109
Unrealized rents & receivables 116 92
Deferred costs 141 201
Total assets 115,144 111,058
Secured notes payable 86,371 81,865
Other liabilities 4,855 4,660
Capital – FRP 12,139 12,385
Capital – Third Parties 11,779 12,148
Total liabilities and equity 115,144 111,058
Total Multifamily JV’s    
Schedule of Equity Method Investments [Line Items]    
Investments in real estate, net 475,047 461,932
Cash and restricted cash 11,267 15,886
Unrealized rents & receivables 7,814 7,484
Deferred costs 6,762 6,761
Total assets 500,890 492,063
Secured notes payable 271,744 267,358
Other liabilities 13,325 11,863
Capital – FRP 110,855 110,469
Capital – Third Parties 104,966 102,373
Total liabilities and equity $ 500,890 $ 492,063