Note 4 - Investments in Unconsolidated Real Estate (Tables)

6 Months Ended

Jun. 30, 2026

Notes Tables

Equity Method Investments [Table Text Block]

												*Carrying Value As Of*
Investments in Unconsolidated Real Estate Entities		*Location*		*Units (1)*				*IRT Ownership Interest*				*June 30, 2026*				*December 31, 2025*
Lakeline Station (2)		Austin, TX			—				—			$	—			$	42,179
The Mustang (3)		Dallas, TX			275				85.0	%			31,036				30,578
Nexton Pine Hollow		Charleston, SC			324				90.0	%			29,892				22,097
The Approach		Indianapolis, IN			318				66.6	%			9,042				3,409
Total					917							$	69,970			$	98,263

		Assets and Liabilities Consolidated During the
		Six Months Ended
		June 30, 2026
Assets:
Cash and cash equivalents		$	41
Restricted cash			53
Other assets			204
Investments in real estate			28,708
Investments in real estate under development			90,395
Total assets		$	119,401
Liabilities:
Accounts payable and accrued expenses		$	4,394
Other liabilities			49
Mortgage loan (1)			72,675
Total liabilities			77,118
Derecognition of investments in unconsolidated real estate entities			42,283
Total liabilities and equity		$	119,401