Related Party Transactions - Narrative (Details) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($) shares	Mar. 31, 2024 USD ($) shares	Jun. 30, 2023 USD ($) shares	Mar. 31, 2023 USD ($) shares	Jun. 30, 2024 USD ($) quarter shares	Jun. 30, 2023 USD ($) shares	Dec. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Management fee - related party	$ 498		$ 418		$ 963	$ 814
Due to affiliates	$ 22,487				22,487		$ 21,994
Stock repurchased during period (in shares) | shares	279,136	258,624	323,706	401,116
Stock repurchased during period, value	$ 7,826	$ 7,363	$ 10,177	$ 13,025
Performance participation interest - related party					0	0
Administrative fees expense	200		$ 200		600	600
Investment in affiliated fund	$ 25,995				$ 25,995		27,717
Everly Roseland | Multifamily
Related Party Transaction [Line Items]
Percentage of consolidated interest acquired	95.00%				95.00%
Homestead Communities, LLC
Related Party Transaction [Line Items]
Ownership percentage	50.00%				50.00%
Vida JV LLC | Invesco JV
Related Party Transaction [Line Items]
Ownership percentage	85.00%				85.00%
Non-controlling Interests in Consolidated Joint Ventures
Related Party Transaction [Line Items]
Ownership percentage	50.00%				50.00%
Everly Roseland Co-Invest
Related Party Transaction [Line Items]
Ownership percentage	60.00%				60.00%
Class E Common Stock
Related Party Transaction [Line Items]
Stock repurchased during period (in shares) | shares	8,542	15,463	284,496	401,116
Class N Common Stock
Related Party Transaction [Line Items]
Stock repurchased during period (in shares) | shares	0	0	0	0
Affiliated entity | Class E Common Stock
Related Party Transaction [Line Items]
Number of shares issued in transaction (in shares) | shares					950,355
Affiliated entity | Class N Common Stock
Related Party Transaction [Line Items]
Number of shares issued in transaction (in shares) | shares					14,116,867
Related Party
Related Party Transaction [Line Items]
Due to affiliates	$ 22,487				$ 22,487		21,994
Advance of organization and offering fees, net asset value threshold	1,000,000				$ 1,000,000
Reimbursement term, organization and offering expenses					60 months
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	8,200				$ 8,200		7,600
Advance Of Operating Expenses | Related Party
Related Party Transaction [Line Items]
Operating expenses advanced	8,000				$ 8,000		9,400
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	1,037				$ 1,037		16
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		$ 400		$ 1,000	$ 800
Due to affiliates	$ 300				$ 300		300
Number of shares issued in transaction (in shares) | shares	16,785		13,348		32,333	25,684
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				16,921
Stock repurchased during period, value	$ 200				$ 500
The Adviser | DST Program Fees and Expenses, Placement Fees
Related Party Transaction [Line Items]
DST program, selling commissions	$ 88				$ 100
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				57,965
Stock repurchased during period, value	$ 900				$ 1,700
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	36				$ 64
Invesco Distributors, Inc. | Affiliated entity | Class T, Class S and Class D Shares
Related Party Transaction [Line Items]
Total					100		$ 300
Invesco Distributors, Inc. | The Dealer Manager
Related Party Transaction [Line Items]
Management fee - related party	17				$ 27
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	47		$ 41		$ 89	$ 76
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					0
Invesco Realty, Inc. | Related Party
Related Party Transaction [Line Items]
Investment owned, at cost	$ 30,000				$ 30,000