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Preferred Equity Investments - Preferred returns (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024
Preferred Equity Investments |  |
Total income from preferred equity investments | $ 8,759 | $ 11,937
Accrued portion of total preferred returns | 4,000 | 10,600
Accounts Receivable, Prepaid Expense and Other Assets |  |
Preferred Equity Investments |  |
Accrued portion of total preferred returns | 7,900 | 23,300
Canvas at Wildwood |  |
Preferred Equity Investments |  |
Total income from preferred equity investments | 886 | 17
Chandler |  |
Preferred Equity Investments |  |
Total income from preferred equity investments | 1,806 | 2,060
Indigo Cove |  |
Preferred Equity Investments |  |
Total income from preferred equity investments | 200 | 256
Peak Housing |  |
Preferred Equity Investments |  |
Total income from preferred equity investments |  | 523
River Ford |  |
Preferred Equity Investments |  |
Total income from preferred equity investments | 903 | 44
Sanford Marketplace |  |
Preferred Equity Investments |  |
Total income from preferred equity investments | 226 |
The Cottages at Myrtle Beach |  |
Preferred Equity Investments |  |
Total income from preferred equity investments | 815 | 2,641
The Cottages of Port St. Lucie |  |
Preferred Equity Investments |  |
Total income from preferred equity investments | 1,552 | 2,770
The Woods at Forest Hill |  |
Preferred Equity Investments |  |
Total income from preferred equity investments |  | 861
Wayford at Innovation Park |  |
Preferred Equity Investments |  |
Total income from preferred equity investments | 1,993 | 1,702
Wayford at Pringle |  |
Preferred Equity Investments |  |
Total income from preferred equity investments | $ 378 | $ 1,063

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