Notes and Other Receivables - Schedule of Notes and Other Receivables (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2024 USD ($) apartment	Jun. 30, 2025 USD ($)	Mar. 31, 2025 USD ($)	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	$ (529)	$ (540)
Total notes and other receivables	206,706	138,096
Stabilized Apartment Home Community Located In Oakland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unsecured notes at maturity	$ 72,000
Apartment Homes | apartment	241
Note receivable, secured, bearing interest at 9.00%, due October 2026 (Originated October 2021)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables	$ 60,538	$ 63,685
Stated interest rate		9.00%
Note receivable, secured, bearing interest at 12.00%, due January 2025 (Originated August 2022)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables	3,167	$ 0
Stated interest rate		12.00%
Note receivable, secured, bearing interest at 11.25%, due October 2027 (Originated October 2022)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables	39,187	$ 41,478
Stated interest rate		11.25%
Receivable from preferred equity investment sponsor
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables	72,002	$ 0
Other receivables from affiliates
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables	5,646	5,882
Allowance for credit losses	(529)	(540)	$ (526)	$ (740)	$ (712)	$ (687)
Straight line rent receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables	9,235	8,886
Other receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables	$ 17,460	$ 18,705