Notes and Other Receivables - Schedule of Notes and Other Receivables (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 31, 2024 USD ($) apartment	Sep. 30, 2025 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	$ (529)	$ (590)
Total notes and other receivables	206,706	221,628
Stabilized Apartment Home Community Located In Oakland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unsecured notes at maturity	$ 72,000
Apartment homes | apartment	241
Note receivable, secured, bearing interest at 9.00%, due October 2026 (Originated October 2021)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables	$ 60,538	$ 64,193
Stated interest rate		9.00%
Note receivable, secured, bearing interest at 12.00%, due January 2025 (Originated August 2022)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables	3,167	$ 0
Stated interest rate		12.00%
Note receivable, secured, bearing interest at 11.25%, due October 2027 (Originated October 2022)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables	39,187	$ 42,692
Stated interest rate		11.25%
Related party note receivable, secured, bearing interest at 5.50%, due December 2025 (Originated August 2025)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables	0	$ 81,572
Stated interest rate		5.50%
Receivable from preferred equity investment sponsor
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables	72,002	$ 0
Other receivables from affiliates
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables	5,646	6,507
Straight line rent receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables	9,235	9,044
Other receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivables	$ 17,460	$ 18,210