Subsequent Events	12 Months Ended
Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 9. Subsequent Events Fayetteville Sale Agreement On November 27, 2023, a subsidiary of the Company executed an agreement of purchase and sale (the “Fayetteville Sale Agreement”) with W-S 376 Watson Owner IX, L.P., a subsidiary of a proposed joint venture (the “Joint Venture”) between an affiliate of Walton Street Capital, L.L.C. (“WSC”) and an affiliate of our Sponsor (the “Buyer”), for the sale of the Company’s student housing property located in Fayetteville, Arkansas (the “Fayetteville Property”) for a purchase price of approximately $63 million, less closing costs. On January 2, 2024, prior to the "go hard" date of the earnest money deposit and removal of contingencies, WSC, as the managing member of the Buyer and on behalf of the Buyer, provided a termination notice to our Sponsor terminating the Fayetteville Sale Agreement effective as of January 2, 2024. KeyBank Bridge Loans Amendment On March 13, 2024, the KeyBank Bridge Borrowers entered into the Eighth Amendment to the KeyBank Bridge Loans (the “Eighth Amendment”) that extended the maturity date of the KeyBank Bridge Loans from April 30, 2024 to June 30, 2025, modifies certain collateral securing the KeyBank Bridge Loans, and the previously established interest reserve of $0.9 million was released. In connection with the Eighth Amendment, the Company paid KeyBank an extension fee equal to 0.55% of the outstanding principal balance of the KeyBank Bridge Loans.

Subsequent Events

12 Months Ended

Dec. 31, 2023

Note 9. Subsequent Events

Fayetteville Sale Agreement

On November 27, 2023, a subsidiary of the Company executed an agreement of purchase and sale (the “Fayetteville Sale Agreement”) with W-S 376 Watson Owner IX, L.P., a subsidiary of a proposed joint venture (the “Joint Venture”) between an affiliate of Walton Street Capital, L.L.C. (“WSC”) and an affiliate of our Sponsor (the “Buyer”), for the sale of the Company’s student housing property located in Fayetteville, Arkansas (the “Fayetteville Property”) for a purchase price of approximately $63 million, less closing costs. On January 2, 2024, prior to the "go hard" date of the earnest money deposit and removal of contingencies, WSC, as the managing member of the Buyer and on behalf of the Buyer, provided a termination notice to our Sponsor terminating the Fayetteville Sale Agreement effective as of January 2, 2024.

KeyBank Bridge Loans Amendment

On March 13, 2024, the KeyBank Bridge Borrowers entered into the Eighth Amendment to the KeyBank Bridge Loans (the “Eighth Amendment”) that extended the maturity date of the KeyBank Bridge Loans from April 30, 2024 to June 30, 2025, modifies certain collateral securing the KeyBank Bridge Loans, and the previously established interest reserve of $0.9 million was released. In connection with the Eighth Amendment, the Company paid KeyBank an extension fee equal to 0.55% of the outstanding principal balance of the KeyBank Bridge Loans.