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Mortgages Payable (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Mortgages Payable    
Deferred financing costs, net $ (10,316) $ (5,416)
Total mortgages payable 428,392 252,782
Mortgages    
Mortgages Payable    
Total 440,783 260,598
Fair value adjustments (2,075) (2,400)
Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal 326,027 204,625
Mortgages | Floating Rate    
Mortgages Payable    
Outstanding Principal 114,756 55,973
Allure at Southpark | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 55,166 55,166
Interest rate on outstanding borrowings 5.58%  
Amira at Westly | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 56,650 56,650
Interest rate on outstanding borrowings 4.81%  
Avenue at Timberlin Park | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 23,660 23,660
Interest rate on outstanding borrowings 5.47%  
District at Parkview | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 38,625  
Interest rate on outstanding borrowings 5.18%  
ILE | Floating Rate    
Mortgages Payable    
Interest rate on outstanding borrowings 3.84%  
ILE | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 23,096 27,748
Interest rate on outstanding borrowings 4.14%  
ILE | Mortgages | Floating Rate    
Mortgages Payable    
Outstanding Principal $ 21,782 23,000
Interest rate on outstanding borrowings 6.69%  
Skytop Apartments | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 57,525  
Interest rate on outstanding borrowings 4.98%  
Southern Pines Reserve | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 30,739  
Interest rate on outstanding borrowings 5.13%  
Villas at Huffmeister | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 26,846 27,357
Interest rate on outstanding borrowings 3.56%  
Yauger Park Villas | Mortgages | Fixed Rate    
Mortgages Payable    
Outstanding Principal $ 13,720 14,044
Interest rate on outstanding borrowings 4.86%  
DB Loan | Mortgages | Floating Rate    
Mortgages Payable    
Outstanding Principal $ 60,000  
Interest rate on outstanding borrowings 5.45%  
Harmony at Clear Creek | Mortgages | Floating Rate    
Mortgages Payable    
Outstanding Principal $ 1  
Interest rate on outstanding borrowings 6.91%  
Wayford at Concord | Mortgages | Floating Rate    
Mortgages Payable    
Outstanding Principal $ 32,973 $ 32,973
Interest rate on outstanding borrowings 4.73%