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Basis of Presentation and Summary of Significant Accounting Policies (Details) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2025 USD ($) item | Dec. 31, 2024 USD ($)
Basis of Presentation and Summary of Significant Accounting Policies |  |
Percentage of unvested incentive plan in operating partnership | 2.37% |
Number of quarters for recognized | item | 1 |
Current income tax expense | $ 1,299 |
State income tax expense | 333 |
Income tax expense | 1,632 | $ 0
Impairment of held for sale real estate | 2,100 | 3,300
Peak JV 2 |  |
Basis of Presentation and Summary of Significant Accounting Policies |  |
Impairment of held for sale real estate |  | 1,400
Level 3 | Non-Recurring |  |
Basis of Presentation and Summary of Significant Accounting Policies |  |
Impairment of held for sale real estate | 1,921 | 2,541
Level 3 | Scattered single-family homes | Non-Recurring |  |
Basis of Presentation and Summary of Significant Accounting Policies |  |
Impairment of held for sale real estate | 3,800 |
Impariment loss | $ 3,500 |
Number of units | item | 75 |
Remaining impairment amount | $ 300 |
Level 3 | Scattered single-family homes | Non-Recurring | Peak JV 2 |  |
Basis of Presentation and Summary of Significant Accounting Policies |  |
Impairment of held for sale real estate | 3,800 |
Impariment loss | $ 3,500 | 1,400
Number of units | item | 75 |
Remaining impairment amount | $ 300 |
In-place lease intangible assets |  |
Basis of Presentation and Summary of Significant Accounting Policies |  |
Estimated useful life | 6 months |
Amortization expense | $ 4,590 | 2,560
Purchase price | 3,905 | $ 5,309
Real estate tax abatement |  |
Basis of Presentation and Summary of Significant Accounting Policies |  |
Amortization expense | 100 |
Purchase price | $ 5,500 |
Estimated remaining useful life | 13 years |
OP LTIP Unit |  |
Basis of Presentation and Summary of Significant Accounting Policies |  |
Limited partners other than the company owned | 69.36% |
OP Unit |  |
Basis of Presentation and Summary of Significant Accounting Policies |  |
Limited partners other than the company owned | 55.65% |
LTIP Units |  |
Basis of Presentation and Summary of Significant Accounting Policies |  |
Limited partners other than the company owned | 13.71% |

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