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Joint Ventures - Unconsolidated JV - Sea Sound Apartments JV (Details)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Jan. 31, 2020
USD ($)
Sep. 30, 2021
USD ($)
item
Sep. 30, 2020
USD ($)
Sep. 30, 2021
USD ($)
item
Sep. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Dec. 31, 2019
USD ($)
Investments                  
Outstanding debt   $ 198,880   $ 198,880   $ 161,418      
Summarized financial information                  
Investment in real estate   647,874   647,874   551,653      
Cash and cash equivalents   27,260 $ 102,351 27,260 $ 102,351 106,794      
Other assets   69,897   69,897   65,866      
Total assets   1,136,550   1,136,550   1,037,324      
Debt, net   196,099   196,099   158,915      
Other liabilities   91,758   91,758   72,035      
Equity   598,618 552,420 598,618 552,420 568,170 $ 588,515 $ 542,650 $ 529,670
Total liabilities and equity   1,136,550   1,136,550   1,037,324      
Revenues   53,996 42,041 167,540 96,695        
Expenses:                  
Other operating expenses   4,987 5,113 17,161 16,975        
Depreciation and amortization   4,617 3,303 12,594 9,394        
Total expenses   37,835 31,016 115,090 75,890        
Operating income (loss)   16,161 11,025 52,450 20,805        
Interest expense   (4,114) (3,379) (11,639) (10,113)        
Net income   $ 14,777 $ 7,782 $ 41,759 $ 25,666        
Sea Sound Apartments JV                  
Investments                  
Value of land contributed $ 5,100                
Mitigation bank credits contributed           400      
Cash contributed           4,900      
Cash contributed by JV partner           $ 6,900      
Ownership percentage   60.00%   60.00%   60.00%      
Unconsolidated joint ventures                  
Investments                  
Outstanding debt   $ 66,583   $ 66,583   $ 33,088      
Sea Sound Apartments JV                  
Investments                  
Outstanding debt   31,833   31,833   8,789      
Summarized financial information                  
Investment in real estate   52,055   52,055   29,085      
Cash and cash equivalents   172   172   15      
Other assets   30   30          
Total assets   52,257   52,257   29,100      
Debt, net   31,570   31,570   8,378      
Other liabilities   3,578   3,578   3,439      
Equity   17,109   17,109   17,283      
Total liabilities and equity   52,257   52,257   29,100      
Revenues   143   164          
Expenses:                  
Cost of revenue   142   213          
Other operating expenses   16   16          
Depreciation and amortization   72   72          
Total expenses   230   301          
Operating income (loss)   (87)   (137)          
Interest expense   (37)   (37)          
Net income   (124)   (174)          
Sea Sound Apartments JV | Sea Sound Apartments JV Loan                  
Investments                  
Loan amount $ 40,300                
Outstanding debt   $ 31,800   $ 31,800   $ 8,800      
Sea Sound Apartments JV | LIBOR | Sea Sound Apartments JV Loan                  
Investments                  
Basis spread on variable rate (as a percent) 2.15%                
Sea Sound Apartments JV | Apartment                  
Investments                  
Number of units remaining to be developed and constructed | item   218   218          
Number of units to be developed | item   300   300