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Preferred Equity Investments - Preferred equity investment summary (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
community
Dec. 31, 2024
USD ($)
Preferred Equity Investments    
Original capital commitment $ 16,785 $ 17,097
Increase in investments 25,000  
Wayford at Innovation Park    
Preferred Equity Investments    
Original capital commitment 2,000  
Total investment 15,400  
Archer at RiverBlue    
Preferred Equity Investments    
Total investment 0  
Amount of commitment to invest in preferred equity interests $ 9,500  
Number of portfolios of single-family residential homes in which equity investments made | community 245  
Sanford Marketplace    
Preferred Equity Investments    
Amount of commitment to invest in preferred equity interests $ 16,200  
Number of portfolios of single-family residential homes in which equity investments made | community 300  
The Cottages at Myrtle Beach    
Preferred Equity Investments    
Preferred equity investment redeemed upon sale $ 28,100  
Preferred equity interests to develop 17,900  
Accrued preferred return and outstanding redeemed upon sale 10,200  
The Cottages of Port St. Lucie    
Preferred Equity Investments    
Preferred equity investment redeemed upon sale 30,000  
Preferred equity interests to develop 18,800  
Accrued preferred return and outstanding redeemed upon sale 11,200  
Indigo Cove    
Preferred Equity Investments    
Proceeds from redemption of unconsolidated real estate joint ventures 4,200  
Wayford at Pringle    
Preferred Equity Investments    
Proceeds from redemption of unconsolidated real estate joint ventures 9,200  
Build to Rent, Single Family Residential Units    
Preferred Equity Investments    
Amount of commitment to invest in preferred equity interests 47,300  
Increase in investments 20,300  
Chandler    
Preferred Equity Investments    
Preferred equity investment redeemed upon sale 19,600  
Preferred equity interests to develop 15,000  
Accrued preferred return and outstanding redeemed upon sale $ 4,600