Notes and Other Receivables - Schedule of Notes and Other Receivables (Details) $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Oct. 31, 2024 USD ($)	Dec. 31, 2024 USD ($) unit	Dec. 31, 2025 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses		$ (529)	$ (555)
Total notes and other receivables		206,706	$ 141,591
Stabilized Apartment Home Community Located In Oakland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt instrument, repaid, principal	$ 72,000	$ 72,000
Apartment Homes | unit		241
Note receivable, secured, bearing interest at 9.00%, due October 2026 (Originated October 2021)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Stated interest rate			9.00%
Note receivables		$ 60,538	$ 64,193
Note receivable, secured, bearing interest at 12.00%, due January 2025 (Originated August 2022)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Stated interest rate			12.00%
Note receivables		3,167	$ 0
Note receivable, secured, bearing interest at 11.25%, due October 2027 (Originated October 2022)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Stated interest rate			11.25%
Note receivables		39,187	$ 43,941
Receivable from preferred equity investment sponsor
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables		72,002	0
Other receivables from affiliates (2)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables		5,646	5,215
Straight line rent receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables		9,235	10,259
Other receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables		$ 17,460	$ 18,538