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v3.25.3

Organization and Background (Details) $ in Thousands | Sep. 30, 2025 USD ($) multi-familyProperty state property_unit | Dec. 31, 2024 USD ($)
--- | --- | ---
Real Estate Properties [Line Items] |  |
Number of states | state | 11 |
Number of units | property_unit | 5,420 |
Real estate investment property, net | $ 602,141 | $ 615,915
Investments in unconsolidated joint ventures | $ 48,169 | $ 31,344
Unconsolidated Joint Ventures |  |
Real Estate Properties [Line Items] |  |
Number of states | state | 4 |
Number of units | property_unit | 2,891 |
Number of investments | multi-familyProperty | 10 |
Investments in unconsolidated joint ventures | $ 48,169 |
Preferred Loan Interests |  |
Real Estate Properties [Line Items] |  |
Real estate investments, other | 17,713 |
Consolidated And Unconsolidated Subsidiaries |  |
Real Estate Properties [Line Items] |  |
Real estate investments, other | $ 1,597 |
Multi-family |  |
Real Estate Properties [Line Items] |  |
Number of properties | multi-familyProperty | 21 |
Real estate investment property, net | $ 600,544 |
Multi-family | Preferred Loan Interests |  |
Real Estate Properties [Line Items] |  |
Number of properties | multi-familyProperty | 2 |
Multi-family | Consolidated And Unconsolidated Subsidiaries |  |
Real Estate Properties [Line Items] |  |
Number of properties | multi-familyProperty | 31 |

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