Related Party Transactions - Narrative (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2024 USD ($) quarter shares	Mar. 31, 2023 USD ($) shares	Dec. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Management fee - related party	$ 465,000	$ 396,000
Stock repurchased during period (in shares) | shares	258,624	401,116
Stock repurchased during period, value	$ 7,363,000	$ 13,025,000
Performance participation interest - related party	0	$ 0
Due to affiliates	22,018,000		$ 21,994,000
Investment in affiliated fund	$ 27,170,000		27,717,000
Everly Roseland | Multifamily
Related Party Transaction [Line Items]
Percentage of consolidated interest acquired	95.00%
Homestead Communities, LLC
Related Party Transaction [Line Items]
Ownership percentage	50.00%
Vida JV LLC | Invesco JV
Related Party Transaction [Line Items]
Ownership percentage	85.00%
Non-controlling Interests in Consolidated Joint Ventures
Related Party Transaction [Line Items]
Ownership percentage	50.00%
Everly Roseland Co-Invest
Related Party Transaction [Line Items]
Ownership percentage	60.00%
Class E Common Stock
Related Party Transaction [Line Items]
Stock repurchased during period (in shares) | shares	15,463	401,116
Class N Common Stock
Related Party Transaction [Line Items]
Stock repurchased during period (in shares) | shares	0	0
Affiliated entity | Class E Common Stock
Related Party Transaction [Line Items]
Number of shares issued in transaction (in shares) | shares	2,018,812
Affiliated entity | Class N Common Stock
Related Party Transaction [Line Items]
Number of shares issued in transaction (in shares) | shares	19,291,705
Related Party
Related Party Transaction [Line Items]
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	$ 22,018,000		21,994,000
Management Fee and Performance Participation Interest - Incentive Rate, Pre-Incentive Fee Net Investment Income Threshold | The Dealer Manager | Class T, Class S and Class D Shares
Related Party Transaction [Line Items]
Management and service fees, incentive rate	8.75%
Organization Costs And Offering Expenses | Related Party
Related Party Transaction [Line Items]
Due to affiliates	$ 7,900,000		7,600,000
Advance Of Operating Expenses | Related Party
Related Party Transaction [Line Items]
Operating expenses advanced	$ 7,900,000		9,400,000
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 | Related Party
Related Party Transaction [Line Items]
Adviser fee, number of consecutive quarters, reimbursement period | quarter	4
Accrued affiliate service provider expenses | Related Party
Related Party Transaction [Line Items]
Due to affiliates	$ 1,035,000		16,000
The Adviser
Related Party Transaction [Line Items]
Management fee - related party	$ 300,000		300,000
The Adviser | Management Fee and Performance Participation Interest | Subsidiaries
Related Party Transaction [Line Items]
Management and service fees, base rate	1.00%
Management fee commencement period	10 years
Management fee - related party	$ 500,000	$ 400,000
Number of shares issued in transaction (in shares) | shares	15,574	12,336
The Adviser | Management Fee and Performance Participation Interest | Subsidiaries | Class E Common Stock
Related Party Transaction [Line Items]
Stock repurchased during period (in shares) | shares	8,461
Stock repurchased during period, value	$ 300,000
The Adviser | Reimbursement of Expenses Incurred by Adviser | Subsidiaries
Related Party Transaction [Line Items]
Administrative fees expense	300,000	$ 300,000
The Adviser | DST Program Fees and Expenses, Placement Fees
Related Party Transaction [Line Items]
DST program, selling commissions	$ 32,000
Invesco REIT Special Limited Partner L.L.C. | Subsidiaries | Class E Common Stock
Related Party Transaction [Line Items]
Stock repurchased during period (in shares) | shares	28,982
Stock repurchased during period, value	$ 900,000
Invesco REIT Special Limited Partner L.L.C. | Management Fee and Performance Participation Interest - Incentive Rate, Total Return Rate | Subsidiaries
Related Party Transaction [Line Items]
Management and service fees, incentive rate	12.50%
Invesco REIT Special Limited Partner L.L.C. | Management Fee and Performance Participation Interest - Incentive Rate, Total Return Rate | Subsidiaries | Class N Common Stock
Related Party Transaction [Line Items]
Management and service fees, incentive rate	10.00%
Invesco REIT Special Limited Partner L.L.C. | Management Fee and Performance Participation Interest - Incentive Rate, Annualized Hurdle Rate | Subsidiaries
Related Party Transaction [Line Items]
Management and service fees, incentive rate	6.00%
Invesco REIT Special Limited Partner L.L.C. | Management Fee and Performance Participation Interest - Incentive Rate, Annualized Hurdle Rate | Subsidiaries | Class N Common Stock
Related Party Transaction [Line Items]
Management and service fees, incentive rate	7.00%
Invesco Distributors, Inc.
Related Party Transaction [Line Items]
DST program, closing cost reimbursement percent	0.50%
DST program, organizational and offering expense	$ 28,000
Invesco Distributors, Inc. | Affiliated entity | Class T, Class S and Class D Shares
Related Party Transaction [Line Items]
Total	95,000		$ 300,000
Invesco Distributors, Inc. | The Dealer Manager
Related Party Transaction [Line Items]
Management fee - related party	$ 10,000
DST program fees and expenses	0.15%
DST program, investor servicing fee	0.25%
Invesco Distributors, Inc. | DST Program Fees and Expenses, Selling Commissions, Manager Fees, and Placement Fees
Related Party Transaction [Line Items]
DST program fees and expenses	5.00%
Invesco Distributors, Inc. | DST Program Fees and Expenses, Manager Fees
Related Party Transaction [Line Items]
DST program fees and expenses	1.00%
Invesco Distributors, Inc. | DST Program Fees and Expenses, Placement Fees
Related Party Transaction [Line Items]
DST program fees and expenses	1.00%
Pine Tree Commercial Realty, LLC | Accrued affiliate service provider expenses
Related Party Transaction [Line Items]
Total expenses	$ 42,000	$ 35,000
Invesco Realty, Inc. | Affiliated entity | Class E Common Stock
Related Party Transaction [Line Items]
Number of shares issued in transaction (in shares) | shares	0
Invesco Realty, Inc. | Affiliated entity | Class N Common Stock
Related Party Transaction [Line Items]
Number of shares issued in transaction (in shares) | shares	738,701
Invesco Realty, Inc. | Related Party
Related Party Transaction [Line Items]
Investment owned, at cost	$ 30,000,000