Related Party Transactions - Narrative (Details)	1 Months Ended		12 Months Ended
	Feb. 28, 2023 shares	Feb. 28, 2022 shares	Dec. 31, 2023 USD ($) quarter shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares
Related Party Transaction [Line Items]
Management fee			$ 1,700,000	$ 1,000,000	$ 28,000
Stock repurchased during period (in shares) | shares			1,321,563	916,340	2,388,175
Common stock repurchased			$ 40,676,000	$ 25,200,000
Performance participation interest – related party			0	3,977,000	$ 3,280,000
Advance of organization and offering fees, net asset value threshold			$ 1,000,000,000
Reimbursement term, organization and offering expenses			60 months
Due to affiliates			$ 21,994,000	22,952,000
Adviser fee, number of consecutive quarters, reimbursement period | quarter			4
Investment in affiliated fund, at fair value			$ 27,717,000	14,969,000
Management fee – related party			$ 1,720,000	$ 1,026,000	$ 28,000
Homestead Communities, LLC
Related Party Transaction [Line Items]
Ownership percentage			50.00%
Invesco Distributors Inc.
Related Party Transaction [Line Items]
DST program, organizational and offering expense			$ 37,000
DST program, closing cost reimbursement percent			0.50%
Non-controlling interests in consolidated joint ventures
Related Party Transaction [Line Items]
Ownership percentage			50.00%
Vida JV LLC | Invesco JV
Related Party Transaction [Line Items]
Ownership percentage			85.00%	85.00%
Everly Roseland Co-Invest
Related Party Transaction [Line Items]
Ownership percentage			60.00%
Advance of Operating Expenses
Related Party Transaction [Line Items]
Operating expenses advanced			$ 9,400,000	$ 8,600,000
Reimbursement of operating expenses threshold, percent of average invested assets over four quarters			2.00%
Reimbursement of operating expenses threshold, percent of net income over four quarters			25.00%
Operating Expenses Reimbursement | The Adviser
Related Party Transaction [Line Items]
Advance of organization and offering fees, net asset value threshold			$ 1,000,000,000
Accrued affiliate service provider expenses
Related Party Transaction [Line Items]
Total expenses			$ 200,000	$ 100,000
DST Program Fees and Expenses, Selling Commissions, Manager Fees, and Placement Fees | Invesco Distributors Inc.
Related Party Transaction [Line Items]
DST program fees and expenses			5.00%
DST Program Fees and Expenses, Manager Fees | Invesco Distributors Inc.
Related Party Transaction [Line Items]
DST program fees and expenses			1.00%
DST Program Fees and Expenses, Placement Fees | The Adviser
Related Party Transaction [Line Items]
DST program, selling commissions			$ 23,000
DST Program Fees and Expenses, Placement Fees | Invesco Distributors Inc.
Related Party Transaction [Line Items]
DST program fees and expenses			1.00%
Class E Common Stock
Related Party Transaction [Line Items]
Stock repurchased during period (in shares) | shares			708,700	474,907	0
Class N Common Stock
Related Party Transaction [Line Items]
Stock repurchased during period (in shares) | shares			0	149,615	2,388,175
The Adviser
Related Party Transaction [Line Items]
Management fee percentage of NAV			1.00%
Management fee commencement period			10 years
Shares, issued | shares			53,181	22,932
Subsidiaries | Invesco REIT Special Limited Partner L.L.C.
Related Party Transaction [Line Items]
Performance participation interest – related party				$ 4,000,000	$ 3,300,000
Subsidiaries | Management Fee and Performance Participation Interest | The Adviser
Related Party Transaction [Line Items]
Management and service fees, base rate			1.00%
Subsidiaries | Reimbursement of Expenses Incurred by Adviser | The Adviser
Related Party Transaction [Line Items]
Expenses from transactions with related party			$ 1,000,000	1,100,000	$ 900,000
Subsidiaries | Class E Common Stock | Invesco REIT Special Limited Partner L.L.C.
Related Party Transaction [Line Items]
Stock repurchased during period (in shares) | shares			38,643
Common stock repurchased			$ 1,200,000
Subsidiaries | Class E Common Stock | Management Fee and Performance Participation Interest | The Adviser
Related Party Transaction [Line Items]
Stock repurchased during period (in shares) | shares			14,101
Common stock repurchased			$ 400,000
The Special Limited Partner
Related Party Transaction [Line Items]
Performance participation interest, percentage of return			12.50%
Performance participation interest, percentage of return hurdle amount			6.00%
The Special Limited Partner | Class N Common Stock
Related Party Transaction [Line Items]
Performance participation interest, percentage of return			10.00%
Performance participation interest, percentage of return hurdle amount			7.00%
Affiliated entity | Class E Common Stock
Related Party Transaction [Line Items]
Number of shares issued in transaction (in shares) | shares	122,065	106,268	2,018,340
Affiliated entity | Class E Common Stock | Invesco Realty, Inc.
Related Party Transaction [Line Items]
Number of shares issued in transaction (in shares) | shares			0
Affiliated entity | Class N Common Stock
Related Party Transaction [Line Items]
Number of shares issued in transaction (in shares) | shares			19,127,048
Affiliated entity | Class N Common Stock | Invesco Realty, Inc.
Related Party Transaction [Line Items]
Number of shares issued in transaction (in shares) | shares			738,702
Affiliated entity | Class T, Class S, And Class D Shares | Invesco Distributors Inc.
Related Party Transaction [Line Items]
Amount of transaction with related party			$ 300,000	100,000
The Dealer Manager
Related Party Transaction [Line Items]
Stockholder servicing fee accrual threshold			8.75%
The Dealer Manager | Invesco Distributors Inc.
Related Party Transaction [Line Items]
DST program fees and expenses			0.15%
DST program, investor servicing fee			0.25%
Management fee – related party			$ 1,000
Related Party
Related Party Transaction [Line Items]
Due to affiliates			21,994,000	22,952,000
Related Party | Invesco Realty, Inc.
Related Party Transaction [Line Items]
Investment owned, at cost			30,000,000
Related Party | Organization Costs and Offering Expenses
Related Party Transaction [Line Items]
Due to affiliates			7,600,000	6,800,000
Related Party | Accrued affiliate service provider expenses
Related Party Transaction [Line Items]
Due to affiliates			$ 16,000	$ 13,000