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Subsequent Events (Details)
$ / shares in Units, $ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended
Jul. 28, 2022
$ / shares
Jul. 26, 2022
USD ($)
Jul. 22, 2022
USD ($)
Jul. 01, 2022
USD ($)
loan
shares
May 12, 2022
$ / shares
Feb. 23, 2022
$ / shares
Oct. 25, 2021
$ / shares
Jul. 31, 2022
USD ($)
Jun. 30, 2022
USD ($)
$ / shares
Mar. 31, 2022
$ / shares
Jun. 30, 2021
$ / shares
Mar. 31, 2021
$ / shares
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Jul. 05, 2022
USD ($)
Dec. 31, 2021
USD ($)
May 05, 2021
USD ($)
Subsequent Event [Line Items]                                  
Proceeds from sale of real estate held-for-investment                         $ 101,812 $ 9,156      
Notional amount                 $ 1,123,710       $ 1,123,710     $ 1,073,587  
Dividend declared (in dollars per share) | $ / shares                 $ 0.17 $ 0.17 $ 0.16 $ 0.15          
Interest rate caps                                  
Subsequent Event [Line Items]                                  
Cap rate purchased, interest rate                 1.00%       1.00%        
Interest rate caps | LIBOR                                  
Subsequent Event [Line Items]                                  
Notional amount                 $ 907,516       $ 907,516        
Interest rate cap 0.50% LIBOR one | LIBOR                                  
Subsequent Event [Line Items]                                  
Notional amount                                 $ 50,000
Interest rate cap (in percent)                                 0.50%
Interest rate cap 0.50% LIBOR two | LIBOR                                  
Subsequent Event [Line Items]                                  
Notional amount                                 $ 35,100
Interest rate cap (in percent)                                 0.50%
Interest Rate Caps Expiring July 2023 | LIBOR                                  
Subsequent Event [Line Items]                                  
Notional amount                 $ 200,000       $ 200,000        
Interest rate cap (in percent)                 0.50%       0.50%        
Common Class A                                  
Subsequent Event [Line Items]                                  
Dividend declared (in dollars per share) | $ / shares         $ 0.17 $ 0.17 $ 0.17                    
Subsequent event                                  
Subsequent Event [Line Items]                                  
Dividend declared (in dollars per share) | $ / shares $ 0.19                                
Preferred stock dividends declared (in dollars per share) | $ / shares $ 0.421875                                
Subsequent event | Interest rate caps | Secured Overnight Financing Rate (SOFR)                                  
Subsequent Event [Line Items]                                  
Notional amount       $ 200,000                          
Cap rate purchased, interest rate       1.00%                          
Cap rate sold, interest rate       3.00%                          
Subsequent event | Interest Rate Cap 1.00% To 3.00% Two | Secured Overnight Financing Rate (SOFR)                                  
Subsequent Event [Line Items]                                  
Notional amount                             $ 35,100    
Cap rate purchased, interest rate                             1.00%    
Cap rate sold, interest rate                             3.00%    
Subsequent event | Interest Rate Cap 1.00% to 3.00% One | Secured Overnight Financing Rate (SOFR)                                  
Subsequent Event [Line Items]                                  
Notional amount                             $ 50,000    
Cap rate purchased, interest rate                             1.00%    
Cap rate sold, interest rate                             3.00%    
Subsequent event | Interest Rate Caps Expiring July 2023 | LIBOR                                  
Subsequent Event [Line Items]                                  
Number of interest rate caps modified and extended | loan       2                          
Subsequent event | Common Class A                                  
Subsequent Event [Line Items]                                  
Stock redeemed (in shares) | shares       10,146                          
Payments for redemption of stock       $ 100                          
Subsequent event | Annapolis Junction Apartments | Disposed of by sale, discontinued operations                                  
Subsequent Event [Line Items]                                  
Proceeds from sale of real estate held-for-investment     $ 150,000                            
Subsequent event | Sandbridge Commons | Disposed of by sale, not discontinued operations                                  
Subsequent Event [Line Items]                                  
Proceeds from sale of real estate held-for-investment   $ 3,500                              
Subsequent event | Revolving credit facility                                  
Subsequent Event [Line Items]                                  
Repayments on revolving credit facility               $ 31,000                  
Subsequent event | Construction loans | Annapolis Junction Apartments                                  
Subsequent Event [Line Items]                                  
Extinguishment of debt, amount     $ 84,400