Investments in Unconsolidated Real Estate Entities - Schedule of Preferred Equity Investments (Details) - Preferred Equity Investment - Corporate Joint Venture	3 Months Ended
	Mar. 31, 2021 USD ($) realEstateUnit
Real Estate [Line Items]
Total Commitment	$ 39,991,649
Amount Funded to Date	$ 30,092,486
Lector85
Real Estate [Line Items]
Units | realEstateUnit	254
Preferred Return	13.00%
Total Commitment	$ 9,900,000
Amount Funded to Date	$ 9,900,000
Investment, preferred return upon meeting certain criteria	10.00%
Vernon Boulevard
Real Estate [Line Items]
Units | realEstateUnit	534
Preferred Return	13.00%
Total Commitment	$ 15,000,000
Amount Funded to Date	$ 15,000,000
Riverfront
Real Estate [Line Items]
Units | realEstateUnit	285
Preferred Return	16.00%
Total Commitment	$ 15,091,649
Amount Funded to Date	$ 5,192,486