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Real Estate, net Summary of Real Estate Holdings (Details) $ in Thousands | 1 Months Ended | 3 Months Ended | 12 Months Ended |
--- | --- | --- | --- | ---
Feb. 29, 2024 USD ($) | Mar. 31, 2023 USD ($) | Dec. 31, 2024 USD ($) ft² home unit | Sep. 30, 2024 USD ($) | Jun. 30, 2024 USD ($) | Mar. 31, 2024 USD ($) | Dec. 31, 2024 USD ($) ft² home unit | Dec. 31, 2023 USD ($) | Jun. 30, 2021 unit
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Real estate held for sale |  |  | $ 11,211 |  |  |  | $ 11,211 | $ 7,382 |
Real estate under development: |  |  | 274,105 |  |  |  | 274,105 | 260,642 |
Land Available for Development |  |  | 65,009 |  |  |  | 65,009 | 47,451 |
Real estate held for investment, gross |  |  | 157,798 |  |  |  | 157,798 | 161,532 |
Accumulated depreciation |  |  | (21,546) |  |  |  | (21,546) | (17,420) |
Total real estate held for invesment, net |  |  | 136,252 |  |  |  | 136,252 | 144,112 |
Total real estate, net |  |  | $ 486,577 |  |  |  | 486,577 | 459,587 |
Interest Costs Capitalized |  |  |  |  |  |  | $ (15,700) | (12,500) |
Held-for-Sale, Completed Homes | home |  |  | 3 |  |  |  | 3 |  |
Saint June, L.P. |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Real estate held for investment, gross |  |  | $ 50,974 |  |  |  | $ 50,974 | 50,827 |
Kingwood Place [Member] |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Real estate held for investment, gross |  |  | 37,426 |  |  |  | 37,426 | 37,166 |
Lantana Place [Member] |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Real estate held for investment, gross |  |  | 33,873 |  |  |  | 33,873 | 31,001 |
Jones Crossing [Member] |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Real estate held for investment, gross |  |  | 25,278 |  |  |  | 25,278 | 25,008 |
West Killeen Market [Member] |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Real estate held for investment, gross |  |  | 9,483 |  |  |  | 9,483 | 10,063 |
Magnolia Place |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Real estate held for investment, gross |  |  | $ 0 |  |  |  | $ 0 | 6,740 |
Magnolia Place | Real Estate Held for Sale [Member] |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Proceeds from Sale of Property Held-for-sale | $ 14,500 |  |  | $ 8,900 |  |  |  |  |
HEB Grocery Store |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Net Rentable Area | ft² |  |  | 90,000 |  |  |  | 90,000 |  |
Amarra Drive Villas [Member] | Real Estate Held for Sale [Member] |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Proceeds from Sale of Property Held-for-sale |  | $ 2,500 | $ 3,800 | $ 4,000 | $ 3,600 | $ 7,600 |  |  |
Real Estate Held for Sale [Member] |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Number of Lots/Units in Real Estate Property | unit |  |  | 1 |  |  |  | 1 |  |
Retail Site [Member] | Kingwood Place [Member] |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Net Rentable Area | ft² |  |  | 151,877 |  |  |  | 151,877 |  |
Retail Site [Member] | Jones Crossing [Member] |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Net Rentable Area | ft² |  |  | 154,092 |  |  |  | 154,092 |  |
Retail Site [Member] | West Killeen Market [Member] |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Net Rentable Area | ft² |  |  | 44,493 |  |  |  | 44,493 |  |
Retail Site [Member] | Lantana Place, First Phase [Member] |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Net Rentable Area | ft² |  |  | 99,377 |  |  |  | 99,377 |  |
Furniture and Fixtures [Member] |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Real estate held for investment, gross |  |  | $ 764 |  |  |  | $ 764 | $ 727 |
Real estate under development | Magnolia Place | MUD bond [Member] |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Proceeds from MUD reimbursement |  |  |  |  |  |  | $ 12,000 |  |
Apartment Building [Member] | Saint June, L.P. |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Number of Lots/Units in Real Estate Property | unit |  |  |  |  |  |  |  |  | 182

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