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SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - Schedule of Real Estate and Accumulated Depreciation (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances $ 179,141      
Land 150,138      
Buildings 370,889      
Cost Capitalized Subsequent to Acquisition 47,924      
Land 153,073      
Building & Improvements 415,878      
Total 568,951 $ 559,875 $ 359,296 $ 459,801
Accumulated Depreciation 67,365 $ 66,054 $ 62,933 $ 82,418
Multifamily        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 155,119      
Land 56,140      
Buildings 279,186      
Cost Capitalized Subsequent to Acquisition 27,734      
Land 56,174      
Building & Improvements 306,886      
Total 363,060      
Accumulated Depreciation 21,595      
Multifamily | Blue Lake Villas        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 9,503      
Land 6,920      
Buildings 27,680      
Cost Capitalized Subsequent to Acquisition 56      
Land 6,920      
Building & Improvements 27,736      
Total 34,656      
Accumulated Depreciation 811      
Multifamily | Blue Lake Villas Phase II        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 3,349      
Land 2,400      
Buildings 9,600      
Cost Capitalized Subsequent to Acquisition 0      
Land 2,400      
Building & Improvements 9,600      
Total 12,000      
Accumulated Depreciation 280      
Multifamily | Chelsea        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 8,064      
Land 1,225      
Buildings 11,230      
Cost Capitalized Subsequent to Acquisition 53      
Land 1,231      
Building & Improvements 11,277      
Total 12,508      
Accumulated Depreciation 1,493      
Multifamily | Forest Grove        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 6,988      
Land 1,440      
Buildings 10,234      
Cost Capitalized Subsequent to Acquisition 37      
Land 1,440      
Building & Improvements 10,271      
Total 11,711      
Accumulated Depreciation 931      
Multifamily | Landing on Bayou Cane        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 14,442      
Land 2,011      
Buildings 18,255      
Cost Capitalized Subsequent to Acquisition 132      
Land 2,011      
Building & Improvements 18,387      
Total 20,398      
Accumulated Depreciation 1,929      
Multifamily | Legacy at Pleasant Grove        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 12,716      
Land 2,005      
Buildings 18,109      
Cost Capitalized Subsequent to Acquisition 116      
Land 2,033      
Building & Improvements 18,197      
Total 20,230      
Accumulated Depreciation 4,644      
Multifamily | Northside on Travis        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 11,394      
Land 7,160      
Buildings 28,640      
Cost Capitalized Subsequent to Acquisition 0      
Land 7,160      
Building & Improvements 28,640      
Total 35,800      
Accumulated Depreciation 835      
Multifamily | Parc at Denham Springs        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 16,399      
Land 6,060      
Buildings 24,240      
Cost Capitalized Subsequent to Acquisition 20      
Land 6,060      
Building & Improvements 24,260      
Total 30,320      
Accumulated Depreciation 707      
Multifamily | Parc at Denham Springs Phase II        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 15,608      
Land 1,505      
Buildings 16,975      
Cost Capitalized Subsequent to Acquisition 0      
Land 1,505      
Building & Improvements 16,975      
Total 18,480      
Accumulated Depreciation 1,764      
Multifamily | Residences at Holland Lake        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 10,424      
Land 6,300      
Buildings 25,200      
Cost Capitalized Subsequent to Acquisition 45      
Land 6,300      
Building & Improvements 25,245      
Total 31,545      
Accumulated Depreciation 738      
Multifamily | Villas at Bon Secour        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 19,205      
Land 2,715      
Buildings 15,385      
Cost Capitalized Subsequent to Acquisition 52      
Land 2,715      
Building & Improvements 15,437      
Total 18,152      
Accumulated Depreciation 2,098      
Multifamily | Villas of Park West I        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 9,181      
Land 8,200      
Buildings 32,800      
Cost Capitalized Subsequent to Acquisition 22      
Land 8,200      
Building & Improvements 32,822      
Total 41,022      
Accumulated Depreciation 957      
Multifamily | Villas of Park West II        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 8,334      
Land 6,860      
Buildings 27,440      
Cost Capitalized Subsequent to Acquisition 0      
Land 6,860      
Building & Improvements 27,440      
Total 34,300      
Accumulated Depreciation 800      
Multifamily | Vista Ridge        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 9,512      
Land 1,339      
Buildings 13,398      
Cost Capitalized Subsequent to Acquisition 6      
Land 1,339      
Building & Improvements 13,404      
Total 14,743      
Accumulated Depreciation 3,608      
Multifamily | Development projects        
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 27,195      
Land 0      
Building & Improvements 27,195      
Total 27,195      
Accumulated Depreciation 0      
Commercial        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 11,187      
Land 27,783      
Buildings 91,703      
Cost Capitalized Subsequent to Acquisition 17,265      
Land 27,759      
Building & Improvements 108,992      
Total 136,751      
Accumulated Depreciation 45,770      
Commercial | 770 South Post Oak        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 11,187      
Land 1,763      
Buildings 16,312      
Cost Capitalized Subsequent to Acquisition 1,321      
Land 1,763      
Building & Improvements 17,633      
Total 19,396      
Accumulated Depreciation 3,905      
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 14,005      
Land 5,096      
Building & Improvements 63,446      
Total 68,542      
Accumulated Depreciation 29,341      
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 2,037      
Land 20,278      
Building & Improvements 27,913      
Total 48,191      
Accumulated Depreciation 12,524      
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 12,835      
Land 66,215      
Buildings 0      
Cost Capitalized Subsequent to Acquisition 2,925      
Land 69,140      
Building & Improvements 0      
Total 69,140      
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 4,399      
Land 43,608      
Buildings 0      
Cost Capitalized Subsequent to Acquisition 4,570      
Land 48,178      
Building & Improvements 0      
Total 48,178      
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 (1,479)      
Land 18,129      
Building & Improvements 0      
Total 18,129      
Accumulated Depreciation $ 0