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Real Estate Activity - Narrative (Details) $ in Thousands |  |  |  | 3 Months Ended | 6 Months Ended
--- | --- | --- | --- | --- | ---
Dec. 15, 2023 USD ($) property | Nov. 06, 2023 USD ($) apartment | Mar. 15, 2023 USD ($) apartment | Jun. 30, 2024 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2024 USD ($) | Jun. 30, 2023 USD ($)
Real Estate [Line Items] |  |  |  |  |  |  |
Depreciation |  |  |  | $ 2,986 | $ 3,030 | $ 6,004 | $ 5,965
Alera |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |
Number of units in real estate property | apartment |  |  | 240 |  |  |  |
Real estate investment property, at cost |  |  | $ 55,330 |  |  |  |
Proceeds from construction loans payable |  |  | 33,000 |  |  |  |
Fees related to construction |  |  | $ 1,637 |  |  |  |
Development costs |  |  |  |  |  | 25,144 |
Merano |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |
Number of units in real estate property | apartment |  | 216 |  |  |  |  |
Real estate investment property, at cost |  | $ 51,910 |  |  |  |  |
Proceeds from construction loans payable |  | 25,407 |  |  |  |  |
Fees related to construction |  | $ 1,551 |  |  |  |  |
Development costs |  |  |  |  |  | 11,841 |
Bandera Ridge |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |
Number of units in real estate property | property | 216 |  |  |  |  |  |
Real estate investment property, at cost | $ 49,603 |  |  |  |  |  |
Proceeds from construction loans payable | 23,500 |  |  |  |  |  |
Fees related to construction | $ 1,607 |  |  |  |  |  |
Development costs |  |  |  |  |  | $ 6,220 |

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