Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities
Net (loss)/income	$ (280,147)	$ (49,662)	$ 61
Adjustments to reconcile net (loss)/income to net cash provided by operating activities:
Loss/(Gain) on sales and impairment of real estate, net	72,539	671	(2)
Depreciation and amortization	128,009	99,988	48,573
Non-cash interest amortization	9,729	7,945	3,914
Change in fair value of interest rate derivatives included in interest expense	7,319	(8,881)	3,918
Net cash received/(paid) on derivative settlements	2,419	313	(4,290)
Loss on extinguishment of debt	993	3,469	0
Equity-based compensation	14,048	6,516	4,688
Loss on forfeited deposits	54,135	0	0
Changes in operating assets and liabilities, net of effects of acquisitions:
Operating assets	(10,078)	68	(5,503)
Operating liabilities	13,416	47,514	13,036
Net cash provided by operating activities	12,382	107,941	64,395
Cash flows from investing activities
Investment in unconsolidated entity	0	(100,819)	0
Redemption of investment in unconsolidated entity	0	100,819	0
Acquisition of NexPoint Homes through VIE consolidation, net of cash received	0	(47,022)	0
Internalization of the Manager	(1,174)	0	0
Net proceeds from sales of real estate	268,321	9,988	2,071
Prepaid acquisition deposits	(10)	(41,181)	(15,603)
Insurance proceeds received	8,686	965	842
Acquisitions of real estate investments	(3,182)	(1,431,413)	(866,002)
Additions to real estate investments	(115,767)	(212,207)	(91,430)
Acquisition of limited partnership investment	0	0	(2,500)
Net cash provided by (used in) investing activities	156,874	(1,720,870)	(972,622)
Cash flows from financing activities
Notes payable proceeds received	334,295	288,475	125,000
Notes payable payments	(35,622)	(8,615)	(9,939)
Credit facilities proceeds received	35,158	1,190,000	430,000
Credit facilities principal payments	(462,384)	0	(115,000)
Bridge facilities proceeds received	25,000	425,000	0
Bridge facilities principal payments	(100,000)	(350,000)	0
NREO Note repayment	0	0	(1,250)
Financing costs paid	(14,385)	(15,150)	(11,889)
Interest rate cap premium paid	0	(12,673)	0
Proceeds from issuance of Class A common stock received in advance	0	0	26,541
Redemptions of Class A common stock paid	(17,934)	(77,884)	(6,387)
Dividends paid to common stockholders	(19,416)	(25,137)	(15,920)
Payments for taxes related to net share settlement of stock-based compensation	(1,239)	(555)	(345)
Net cash provided by (used in) financing activities	(198,385)	1,652,681	946,128
Change in cash and restricted cash	(29,129)	39,752	37,901
Cash and restricted cash, beginning of year	114,749	74,997	37,096
Cash and restricted cash, end of year	85,620	114,749	74,997
Supplemental Disclosure of Cash Flow Information
Interest paid, net of amount capitalized	146,666	42,991	11,953
Cash paid for income and franchise taxes	652	262	304
Supplemental Disclosure of Noncash Activities
Accrued insurance proceeds	1,270	0	0
Assumed liabilities in asset acquisitions	0	3,829	5,027
Accrued distributions payable to redeemable noncontrolling interests in the OP	1,315	1,259	941
Accrued redemptions payable to common stockholders	488	17,094	6,278
Accrued capital expenditures	106	5,227	2,045
Accretion to redemption value of Redeemable Series A preferred stock	703	766	712
Fair market value adjustment on assumed debt	0	89	0
Asset backed securitization certificates	39,096	0	0
Noncash or part noncash acquisition, debt assumed	565	13,582	0
Offering costs accrued	0	0	341
Issuance of Class A common stock related to DRIP dividends	19,974	29,408	16,638
DRIP dividends to common stockholders	(19,974)	(29,408)	(16,638)
VineBrook
Cash flows from financing activities
Contributions from redeemable noncontrolling interests	2,247	9,221	4,926
Distributions to redeemable noncontrolling interests	(1,020)	(5,905)	(5,935)
Redemptions by redeemable noncontrolling interests in the OP	0	(350)	0
Supplemental Disclosure of Noncash Activities
Contributions from redeemable noncontrolling interests related to DRIP distributions	5,242	2,026	1,633
DRIP distributions to redeemable noncontrolling interests	(5,242)	(2,026)	(1,633)
Variable Interest Entity, Primary Beneficiary
Cash flows from financing activities
Contributions from redeemable noncontrolling interests	0	67,640	0
Distributions to redeemable noncontrolling interests	(602)	(2,088)	0
Redemptions by redeemable noncontrolling interests in the OP	(4)	0	0
Contributions from noncontrolling interests in consolidated VIEs	8,037	7,575	0
Distributions to noncontrolling interests in consolidated VIEs	(540)	(133)	0
Supplemental Disclosure of Noncash Activities
Noncash or part noncash acquisition, debt assumed	0	278,530	0
Contributions from redeemable noncontrolling interests related to DRIP distributions	3,244	2,088	0
DRIP distributions to redeemable noncontrolling interests	(3,244)	(2,088)	0
Contributions from noncontrolling interests in consolidated VIEs related to DRIP distributions	228	62	0
DRIP distributions to noncontrolling interests in consolidated VIEs	(228)	(62)	0
Real estate investments assumed in acquisition of NexPoint Homes through VIE consolidation	0	326,432	0
Earnest money deposits assumed in acquisition of NexPoint Homes through VIE consolidation	0	36,838	0
Other assets assumed in acquisition of NexPoint Homes through VIE consolidation	0	8,729	0
Other liabilities assumed in acquisition of NexPoint Homes through VIE consolidation	0	4,607	0
Noncontrolling interests assumed in acquisition of NexPoint Homes through VIE consolidation	0	41,150	0
Common Class A
Cash flows from financing activities
Proceeds from issuance of Class A common stock	0	173,607	501,694
Offering costs paid	0	(2,222)	(3,466)
Supplemental Disclosure of Noncash Activities
Accrued dividends payable	832	748	819
Series B Preferred Stock
Cash flows from financing activities
Preferred stock dividends paid	(2,539)	0	0
Proceeds from issuance of redeemable Series A preferred stock, net of offering costs	60,828	0	0
Series A Preferred Stock
Cash flows from financing activities
Offering costs paid	(140)	0	0
Preferred stock dividends paid	(8,125)	(8,125)	(7,019)
Proceeds from issuance of redeemable Series A preferred stock, net of offering costs	0	0	35,117
Supplemental Disclosure of Noncash Activities
Accrued dividends payable	$ 2,031	$ 2,031	$ 4,062