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SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - Schedule of Real Estate and Accumulated Depreciation (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances $ 181,856      
Land 150,138      
Buildings 370,889      
Cost Capitalized Subsequent to Acquisition 115,154      
Land 168,177      
Building & Improvements 468,004      
Total 636,181 $ 568,951 $ 559,875 $ 359,296
Accumulated Depreciation 78,793 $ 67,365 $ 66,054 $ 62,933
Multifamily        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 160,086      
Land 56,140      
Buildings 279,186      
Cost Capitalized Subsequent to Acquisition 93,657      
Land 72,948      
Building & Improvements 356,035      
Total 428,983      
Accumulated Depreciation 28,720      
Multifamily | Alera        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 8,554      
Land 0      
Buildings 0      
Cost Capitalized Subsequent to Acquisition 36,583      
Land 6,064      
Building & Improvements 30,519      
Total 36,583      
Accumulated Depreciation 0      
Multifamily | Bandera Ridge        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 0      
Land 0      
Buildings 0      
Cost Capitalized Subsequent to Acquisition 26,273      
Land 2,700      
Building & Improvements 23,573      
Total 26,273      
Accumulated Depreciation 0      
Multifamily | Blue Lake Villas        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 9,327      
Land 6,920      
Buildings 27,680      
Cost Capitalized Subsequent to Acquisition 219      
Land 6,920      
Building & Improvements 27,899      
Total 34,819      
Accumulated Depreciation 1,517      
Multifamily | Blue Lake Villas Phase II        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 3,271      
Land 2,400      
Buildings 9,600      
Cost Capitalized Subsequent to Acquisition 53      
Land 2,400      
Building & Improvements 9,653      
Total 12,053      
Accumulated Depreciation 523      
Multifamily | Chelsea        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 7,878      
Land 1,225      
Buildings 11,230      
Cost Capitalized Subsequent to Acquisition 53      
Land 1,231      
Building & Improvements 11,277      
Total 12,508      
Accumulated Depreciation 1,794      
Multifamily | Forest Grove        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 6,421      
Land 1,440      
Buildings 10,234      
Cost Capitalized Subsequent to Acquisition 64      
Land 1,440      
Building & Improvements 10,298      
Total 11,738      
Accumulated Depreciation 1,191      
Multifamily | Landing on Bayou Cane        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 14,162      
Land 2,011      
Buildings 18,255      
Cost Capitalized Subsequent to Acquisition 122      
Land 2,011      
Building & Improvements 18,377      
Total 20,388      
Accumulated Depreciation 2,421      
Multifamily | Legacy at Pleasant Grove        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 12,381      
Land 2,005      
Buildings 18,109      
Cost Capitalized Subsequent to Acquisition 116      
Land 2,033      
Building & Improvements 18,197      
Total 20,230      
Accumulated Depreciation 5,127      
Multifamily | Merano        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 0      
Land 0      
Buildings 0      
Cost Capitalized Subsequent to Acquisition 24,828      
Land 4,500      
Building & Improvements 20,328      
Total 24,828      
Accumulated Depreciation 0      
Multifamily | Mountain Creek        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 0      
Land 0      
Buildings 0      
Cost Capitalized Subsequent to Acquisition 5,037      
Land 3,510      
Building & Improvements 1,527      
Total 5,037      
Accumulated Depreciation 0      
Multifamily | Northside on Travis        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 11,125      
Land 7,160      
Buildings 28,640      
Cost Capitalized Subsequent to Acquisition 14      
Land 7,160      
Building & Improvements 28,654      
Total 35,814      
Accumulated Depreciation 1,552      
Multifamily | Parc at Denham Springs        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 16,048      
Land 6,060      
Buildings 24,240      
Cost Capitalized Subsequent to Acquisition 29      
Land 6,060      
Building & Improvements 24,269      
Total 30,329      
Accumulated Depreciation 1,318      
Multifamily | Parc at Denham Springs Phase II        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 15,419      
Land 1,505      
Buildings 16,975      
Cost Capitalized Subsequent to Acquisition 0      
Land 1,505      
Building & Improvements 16,975      
Total 18,480      
Accumulated Depreciation 2,186      
Multifamily | Residences at Holland Lake        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 10,219      
Land 6,300      
Buildings 25,200      
Cost Capitalized Subsequent to Acquisition 51      
Land 6,300      
Building & Improvements 25,251      
Total 31,551      
Accumulated Depreciation 1,373      
Multifamily | Villas at Bon Secour        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 18,798      
Land 2,715      
Buildings 15,385      
Cost Capitalized Subsequent to Acquisition 87      
Land 2,715      
Building & Improvements 15,472      
Total 18,187      
Accumulated Depreciation 2,491      
Multifamily | Villas of Park West I        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 8,983      
Land 8,200      
Buildings 32,800      
Cost Capitalized Subsequent to Acquisition 100      
Land 8,200      
Building & Improvements 32,900      
Total 41,100      
Accumulated Depreciation 1,783      
Multifamily | Villas of Park West II        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 8,158      
Land 6,860      
Buildings 27,440      
Cost Capitalized Subsequent to Acquisition 22      
Land 6,860      
Building & Improvements 27,462      
Total 34,322      
Accumulated Depreciation 1,487      
Multifamily | Vista Ridge        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 9,342      
Land 1,339      
Buildings 13,398      
Cost Capitalized Subsequent to Acquisition 6      
Land 1,339      
Building & Improvements 13,404      
Total 14,743      
Accumulated Depreciation 3,957      
Commercial        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 10,939      
Land 27,783      
Buildings 91,703      
Cost Capitalized Subsequent to Acquisition 20,242      
Land 27,759      
Building & Improvements 111,969      
Total 139,728      
Accumulated Depreciation 50,073      
Commercial | 770 South Post Oak        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 10,939      
Land 1,763      
Buildings 16,312      
Cost Capitalized Subsequent to Acquisition 1,537      
Land 1,763      
Building & Improvements 17,849      
Total 19,612      
Accumulated Depreciation 4,473      
Commercial | Browning Place        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 0      
Land 5,096      
Buildings 49,441      
Cost Capitalized Subsequent to Acquisition 15,054      
Land 5,096      
Building & Improvements 64,495      
Total 69,591      
Accumulated Depreciation 32,392      
Commercial | Stanford Center        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 0      
Land 20,278      
Buildings 25,876      
Cost Capitalized Subsequent to Acquisition 3,749      
Land 20,278      
Building & Improvements 29,625      
Total 49,903      
Accumulated Depreciation 13,208      
Commercial | Other        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 0      
Land 646      
Buildings 74      
Cost Capitalized Subsequent to Acquisition (98)      
Land 622      
Building & Improvements 0      
Total 622      
Accumulated Depreciation 0      
Developed and Undeveloped Land        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 10,831      
Land 66,215      
Buildings 0      
Cost Capitalized Subsequent to Acquisition 1,255      
Land 67,470      
Building & Improvements 0      
Total 67,470      
Accumulated Depreciation 0      
Developed and Undeveloped Land | Mercer Crossing        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 0      
Land 2,999      
Buildings 0      
Cost Capitalized Subsequent to Acquisition (166)      
Land 2,833      
Building & Improvements 0      
Total 2,833      
Accumulated Depreciation 0      
Developed and Undeveloped Land | Windmill Farms        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 2,395      
Land 43,608      
Buildings 0      
Cost Capitalized Subsequent to Acquisition 3,717      
Land 47,325      
Building & Improvements 0      
Total 47,325      
Accumulated Depreciation 0      
Developed and Undeveloped Land | Other        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 8,436      
Land 19,608      
Buildings 0      
Cost Capitalized Subsequent to Acquisition (2,296)      
Land 17,312      
Building & Improvements 0      
Total 17,312      
Accumulated Depreciation $ 0