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Organization and Background (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
USD ($)
multi-familyProperty
state
property
property_unit
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
multi-familyProperty
state
property
property_unit
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
property
Real Estate Properties [Line Items]          
Number of states | state 11   11    
Number of units | property_unit 5,420   5,420    
Real estate investment property, net $ 626,291   $ 626,291   $ 635,836
Investments in unconsolidated joint ventures 32,178   32,178   $ 34,242
Junior subordinated notes          
Real Estate Properties [Line Items]          
Interest expense 722 $ 679 1,454 $ 1,316  
Unconsolidated Joint Ventures          
Real Estate Properties [Line Items]          
Investments in unconsolidated joint ventures 32,178   32,178    
Consolidated And Unconsolidated Subsidiaries          
Real Estate Properties [Line Items]          
Real estate investments, other $ 1,789   $ 1,789    
Unconsolidated Joint Ventures          
Real Estate Properties [Line Items]          
Number of properties | property 8   8   8
Number of states | state 4   4    
Number of units | property_unit 2,527   2,527    
Real estate investment property, net $ 324,214   $ 324,214   $ 275,874
Number of investments | multi-familyProperty 8   8    
Multi-family          
Real Estate Properties [Line Items]          
Number of properties | multi-familyProperty 21   21    
Real estate investment property, net $ 624,502   $ 624,502    
Multi-family | Consolidated And Unconsolidated Subsidiaries          
Real Estate Properties [Line Items]          
Number of properties | multi-familyProperty 29   29