Vinebrook Homes Trust 10-Q 15 Aug 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 05, 2022
Document Information [Line Items]
Entity Central Index Key	0001755755
Entity Registrant Name	VINEBROOK HOMES TRUST, INC.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	000-56274
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	83-1268857
Entity Address, Address Line One	300 Crescent Court, Suite 700
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75201
City Area Code	214
Local Phone Number	276-6300
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		25,145,132

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Land	$ 534,217	$ 334,191
Buildings and improvements	2,383,412	1,391,786
Intangible lease assets	4,158	971
Total gross operating real estate investments	2,921,787	1,726,948
Accumulated depreciation and amortization	(116,002)	(76,789)
Total net operating real estate investments	2,805,785	1,650,159
Real estate held for sale, net	2,166	81
Total net real estate investments	2,807,951	1,650,240
Investments, at fair value	2,500	2,500
Cash	81,793	54,104
Restricted cash	21,560	20,893
Accounts and other receivables	13,760	8,327
Due from Manager (see Note 13)	663	2,909
Prepaid and other assets	54,261	19,352
Interest rate derivatives, at fair value	36,662	0
TOTAL ASSETS	3,019,150	1,758,325
Liabilities:
Notes payable, net	711,498	376,842
Accounts payable and other accrued liabilities	50,911	47,208
Accrued real estate taxes payable	24,985	19,450
Accrued interest payable	8,230	1,690
Security deposit liability	20,467	14,295
Prepaid rents	4,975	3,341
Interest rate derivatives, at fair value	0	3,590
Total Liabilities	1,875,733	858,119
Stockholders' Equity:
Class A Common stock, $0.01 par value: 300,000,000 shares authorized; 24,960,485 and 21,814,248 shares issued and outstanding, respectively	250	219
Additional paid-in capital	780,111	651,531
Distributions in excess of retained earnings	(109,628)	(68,011)
Accumulated other comprehensive income/(loss)	20,773	(791)
Total Stockholders' Equity	691,506	582,948
TOTAL LIABILITIES AND EQUITY	3,019,150	1,758,325
VineBrook Homes OP, LP [Member]
Liabilities:
Redeemable noncontrolling interests	234,713	196,362
Variable Interest Entity, Primary Beneficiary [Member]
Liabilities:
Redeemable noncontrolling interests	95,937	0
Series A Preferred Stock [Member]
Liabilities:
Temporary equity	121,261	120,896
Line of Credit [Member]
Liabilities:
Facilities	$ 1,054,667	$ 391,703

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	24,960,485	21,814,248
Common stock, shares outstanding (in shares)	24,960,485	21,814,248
Series A Preferred Stock [Member]
Redeemable preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Redeemable preferred stock, shares authorized (in shares)	16,000,000	16,000,000
Redeemable preferred stock, shares issued (in shares)	5,000,000	5,000,000
Redeemable preferred stock, shares outstanding (in shares)	5,000,000	5,000,000

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues
Rental income	$ 59,442	$ 39,112	$ 110,422	$ 69,248
Other income	2,862	709	4,199	1,201
Total revenues	62,304	39,821	114,621	70,449
Expenses
Property operating expenses	12,357	6,007	21,044	11,160
Real estate taxes and insurance	10,914	7,644	20,456	13,938
Property management fees	3,408	2,587	6,519	4,560
Advisory fees	3,844	2,010	6,930	3,301
Depreciation and amortization	24,207	12,507	40,163	20,551
Interest expense	11,155	7,688	20,775	12,814
Loss on extinguishment of debt	1,001	0	1,001	0
Total expenses	73,989	41,612	129,026	72,297
Gain/(loss) on sales of real estate	100	(123)	216	(198)
Casualty loss, net of insurance proceeds	(53)	(93)	(162)	(102)
Net loss	(11,638)	(2,007)	(14,351)	(2,148)
Dividends on and accretion to redemption value of Redeemable Series A preferred stock	2,219	2,207	4,428	4,413
Net loss attributable to common stockholders	(10,895)	(3,748)	(15,394)	(6,060)
Other comprehensive income/(loss)
Unrealized gain/(loss) on interest rate hedges	8,656	(65)	25,510	6,306
Total comprehensive (loss)/income	(2,982)	(2,072)	11,159	4,158
Dividends on and accretion to redemption value of Redeemable Series A preferred stock	2,219	2,207	4,428	4,413
Comprehensive (loss)/income attributable to common stockholders	$ (3,561)	$ (3,797)	$ 6,170	$ (1,319)
Weighted average common shares outstanding - basic (in shares)	25,241	12,812	24,250	11,621
Weighted average common shares outstanding - diluted (in shares)	25,241	12,812	24,250	11,621
Loss per share - basic (in dollars per share)	$ (0.43)	$ (0.29)	$ (0.63)	$ (0.52)
Loss per share - diluted (in dollars per share)	$ (0.43)	$ (0.29)	$ (0.63)	$ (0.52)
VineBrook Homes OP, LP [Member]
Expenses
Net loss attributable to redeemable noncontrolling interests in the OP	$ (1,771)	$ (466)	$ (2,194)	$ (501)
Other comprehensive income/(loss)
Comprehensive (loss)/income attributable to redeemable noncontrolling interests	(449)	(482)	1,752	1,064
Variable Interest Entity, Primary Beneficiary [Member]
Expenses
Net loss attributable to redeemable noncontrolling interests in the OP	(1,191)	0	(1,191)	0
Other comprehensive income/(loss)
Comprehensive (loss)/income attributable to redeemable noncontrolling interests	(1,191)	0	(1,191)	0
Corporate, Non-Segment [Member]
Expenses
General and administrative expenses	2,478	1,837	4,640	3,318
Operating Segments [Member]
Expenses
General and administrative expenses	$ 4,625	$ 1,332	$ 7,498	$ 2,655

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	VineBrook Homes OP, LP [Member] Common Stock [Member]	VineBrook Homes OP, LP [Member] Additional Paid-in Capital [Member]	VineBrook Homes OP, LP [Member] Accumulated Distributions in Excess of Net Income [Member]	VineBrook Homes OP, LP [Member] AOCI Attributable to Parent [Member]	VineBrook Homes OP, LP [Member]	Variable Interest Entity, Primary Beneficiary [Member] Common Stock [Member]	Variable Interest Entity, Primary Beneficiary [Member] Additional Paid-in Capital [Member]	Variable Interest Entity, Primary Beneficiary [Member] Accumulated Distributions in Excess of Net Income [Member]	Variable Interest Entity, Primary Beneficiary [Member] AOCI Attributable to Parent [Member]	Variable Interest Entity, Primary Beneficiary [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Distributions in Excess of Net Income [Member]	AOCI Attributable to Parent [Member]	Total
Adjustments to reflect redemption value of redeemable noncontrolling interests (in shares)											9,260,795
Balances (in shares) at Dec. 31, 2020											9,260,795
Balances at Dec. 31, 2020											$ 93	$ 210,381	$ (26,002)	$ (10,150)	$ 174,322
Net loss attributable to common stockholders												0	(6,060)	0	(6,060)
Issuance of Class A common stock (in shares)											4,741,008
Issuance of Class A common stock											$ 47	174,119	0	0	174,166
Redemptions of Class A common stock (in shares)											(136,730)
Redemptions of Class A common stock											$ (1)	(5,281)	0	0	(5,282)
Offering costs												(1,240)	0	0	(1,240)
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture, Total (in shares)											26,642
Equity-based compensation											$ 0	1,140	0	0	1,140
Common stock dividends declared												0	(12,739)	0	(12,739)
Other comprehensive income (loss) attributable to common stockholders												0	0	4,741	4,741
Adjustment to reflect redemption value of redeemable noncontrolling interests in the OP		$ (16,954)	$ 0	$ 0	$ (16,954)
Balances (in shares) at Jun. 30, 2021											13,891,715
Balances at Jun. 30, 2021											$ 139	362,165	(44,801)	(5,409)	312,094
Adjustments to reflect redemption value of redeemable noncontrolling interests (in shares)											11,499,045
Balances (in shares) at Mar. 31, 2021											11,499,045
Balances at Mar. 31, 2021											$ 115	291,305	(34,060)	(5,360)	252,000
Net loss attributable to common stockholders												0	(3,748)	0	(3,748)
Issuance of Class A common stock (in shares)											2,499,331
Issuance of Class A common stock											$ 25	93,290	0	0	93,315
Redemptions of Class A common stock (in shares)											(133,303)
Redemptions of Class A common stock											$ (1)	(5,155)	0		(5,156)
Offering costs												(944)	0	0	(944)
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture, Total (in shares)											26,642
Equity-based compensation											$ 0	626	0	0	626
Common stock dividends declared												0	(6,993)	0	(6,993)
Other comprehensive income (loss) attributable to common stockholders												0	0	(49)	(49)
Adjustment to reflect redemption value of redeemable noncontrolling interests in the OP		(16,957)	0	0	(16,957)
Balances (in shares) at Jun. 30, 2021											13,891,715
Balances at Jun. 30, 2021											$ 139	362,165	(44,801)	(5,409)	312,094
Adjustments to reflect redemption value of redeemable noncontrolling interests (in shares)											13,891,715
Adjustments to reflect redemption value of redeemable noncontrolling interests (in shares)											21,814,248
Balances (in shares) at Dec. 31, 2021											21,814,248
Balances at Dec. 31, 2021											$ 219	651,531	(68,011)	(791)	$ 582,948
Issuance of Class A common stock (in shares)															2,907,334
Balances (in shares) at Mar. 31, 2022											24,696,441
Balances at Mar. 31, 2022											$ 247	780,388	(85,075)	13,439	$ 708,999
Balances (in shares) at Dec. 31, 2021											21,814,248
Balances at Dec. 31, 2021											$ 219	651,531	(68,011)	(791)	582,948
Net loss attributable to common stockholders												0	(15,394)	0	$ (15,394)
Issuance of Class A common stock (in shares)											3,589,483				3,589,483
Issuance of Class A common stock											$ 36	192,658	0	0	$ 192,694
Redemptions of Class A common stock (in shares)											(492,762)
Redemptions of Class A common stock											$ (5)	(29,261)	0	0	(29,266)
Offering costs												(1,493)	0	0	$ (1,493)
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture, Total (in shares)											49,516				49,516
Equity-based compensation											$ 0	1,675	0	0	$ 1,675
Common stock dividends declared												0	(26,223)	0	(26,223)
Other comprehensive income (loss) attributable to common stockholders												0	0	21,564	21,564
Adjustment to reflect redemption value of redeemable noncontrolling interests in the OP		(33,808)	0	0	(33,808)		$ (1,191)	$ 0	$ 0	$ (1,191)
Balances (in shares) at Jun. 30, 2022											24,960,485
Balances at Jun. 30, 2022											$ 250	780,111	(109,628)	20,773	691,506
Adjustments to reflect redemption value of redeemable noncontrolling interests (in shares)											24,696,441
Balances (in shares) at Mar. 31, 2022											24,696,441
Balances at Mar. 31, 2022											$ 247	780,388	(85,075)	13,439	708,999
Net loss attributable to common stockholders												0	(10,895)	0	$ (10,895)
Issuance of Class A common stock (in shares)											682,149				682,149
Issuance of Class A common stock											$ 7	40,567	0	0	$ 40,574
Redemptions of Class A common stock (in shares)											(437,357)
Redemptions of Class A common stock											$ (4)	(26,260)	0	0	(26,264)
Offering costs												(1,150)	0	0	(1,150)
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture, Total (in shares)											19,252
Equity-based compensation											$ 0	916	0	0	916
Common stock dividends declared												0	(13,658)	0	(13,658)
Other comprehensive income (loss) attributable to common stockholders												0	0	7,334	7,334
Adjustment to reflect redemption value of redeemable noncontrolling interests in the OP		$ (13,159)	$ 0	$ 0	$ (13,159)		$ (1,191)	$ 0	$ 0	$ (1,191)
Balances (in shares) at Jun. 30, 2022											24,960,485
Balances at Jun. 30, 2022											$ 250	$ 780,111	$ (109,628)	$ 20,773	$ 691,506
Adjustments to reflect redemption value of redeemable noncontrolling interests (in shares)											24,960,485

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Common stock dividends declared, per share (in dollars per share)	$ 0.5301	$ 0.5301	$ 1.0602	$ 1.0602

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities
Net loss	$ (14,351)	$ (2,148)
Adjustments to reconcile net loss to net cash provided by operating activities
(Gain)/loss on sales of real estate	(216)	198
Depreciation and amortization	40,163	20,551
Non-cash interest amortization	3,330	1,612
Net cash paid on derivative settlements	(2,426)	(2,109)
Loss on extinguishment of debt	1,001	0
Equity-based compensation	3,072	2,073
Casualty loss, net of insurance proceeds	162	102
Changes in operating assets and liabilities, net of effects of acquisitions:
Operating assets	(1,026)	(6,206)
Operating liabilities	15,932	8,785
Net cash provided by operating activities	45,252	24,607
Cash flows from investing activities
Investment in unconsolidated entity	(100,819)	0
Redemption of investment in unconsolidated entity	100,819	0
Acquisition of NexPoint Homes through VIE consolidation, net of cash received	(47,022)	0
Net proceeds from sales of real estate	7,117	1,033
Prepaid acquisition deposits	(5,673)	(1,020)
Insurance proceeds received	255	319
Acquisitions of real estate investments	(763,563)	(640,265)
Additions to real estate investments	(84,038)	(36,370)
Net cash used in investing activities	(892,924)	(676,303)
Cash flows from financing activities
Notes payable proceeds received	42,746	125,049
Notes payable payments	(389)	(148)
NREO Note repayment	0	(1,250)
Financing costs paid	(6,269)	(7,811)
Interest rate cap premium paid	(12,673)	0
Proceeds from issuance of Class A common stock	181,448
Redemptions of Class A common stock paid	(3,002)	(126)
Offering costs paid	(1,850)	(1,276)
Dividends paid to common stockholders	(12,201)	(6,049)
Payments for taxes related to net share settlement of stock-based compensation	(555)	(46)
Proceeds from issuance of redeemable Series A preferred stock, net of offering costs	0	35,213
Preferred stock dividends paid	(4,063)	(2,031)
Distributions to redeemable noncontrolling interests in the OP	(2,954)	(2,983)
Net cash provided by financing activities	876,028	679,016
Change in cash and restricted cash	28,356	27,320
Cash and restricted cash, beginning of period	74,997	37,096
Cash and restricted cash, end of period	103,353	64,416
Supplemental Disclosure of Cash Flow Information
Interest paid, net of amount capitalized	6,376	6,669
Cash paid for income and franchise taxes	259	101
Supplemental Disclosure of Noncash Activities
Assumed liabilities in asset acquisitions	2,420	4,898
Accrued distributions payable to redeemable noncontrolling interests in the OP	626	315
Accrued redemptions payable to common stockholders	26,264	5,156
Accrued capital expenditures	898	0
Accretion to redemption value of Redeemable Series A preferred stock	365	350
Fair market value adjustment on assumed debt	89	0
Assumed debt on acquisitions	13,582	0
Offering costs accrued	(16)	69
Issuance of Class A common stock related to DRIP dividends	13,541	6,333
DRIP dividends to common stockholders	(13,541)	(6,333)
Contributions from redeemable noncontrolling interests in the OP related to DRIP distributions	968	765
DRIP distributions to redeemable noncontrolling interests in the OP	(968)	(765)
VineBrook Homes OP, LP [Member]
Cash flows from financing activities
Contributions from redeemable noncontrolling interests	4,974	2,640
Variable Interest Entity, Primary Beneficiary [Member]
Cash flows from financing activities
Contributions from redeemable noncontrolling interests	54,097	0
Supplemental Disclosure of Noncash Activities
Assumed debt on acquisitions	278,530	0
Real estate investments assumed in acquisition of NexPoint Homes through VIE consolidation	326,432	0
Earnest money deposits assumed in acquisition of NexPoint Homes through VIE consolidation	36,838	0
Other assets assumed in acquisition of NexPoint Homes through VIE consolidation	8,729	0
Other liabilities assumed in acquisition of NexPoint Homes through VIE consolidation	4,607	0
Noncontrolling interests assumed in acquisition of NexPoint Homes through VIE consolidation	41,150	0
Common Class A [Member]
Cash flows from financing activities
Proceeds from issuance of Class A common stock	153,167	167,833
Supplemental Disclosure of Noncash Activities
Accrued dividends payable	481	357
Series A Preferred Stock [Member]
Supplemental Disclosure of Noncash Activities
Accrued dividends payable	4,063	4,063
Line of Credit [Member]
Cash flows from financing activities
Credit facilities proceeds received	665,000	405,001
Credit facilities principal payments	0	(35,000)
Bridge Facility [Member]
Cash flows from financing activities
Bridge facility proceeds received	150,000	0
Bridge facility principal payments	(150,000)	0
Derivative Excluding Interest Rate Derivative [Member]
Adjustments to reconcile net loss to net cash provided by operating activities
Change in fair value on derivative instruments included in interest expense	$ (389)	$ 1,749

Note 1 - Organization and Descr

Note 1 - Organization and Description of Business	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. VineBrook Homes Trust, Inc. (the “Company”, “we”, “us,” “our”) was incorporated in Maryland on July 18, 2018 June 30, 2022 10 no The Company began operations on November 1, 2018 third November 1, 2018, May 1, 2019 ( no Between November 1, 2018 June 30, 2022 3 2 4 June 30, 2022 7 The Company is externally managed by NexPoint Real Estate Advisors V, L.P. (the “Adviser”), through an agreement dated November 1, 2018, May 4, 2020, November 1, 2021 ( one three one may third not The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a renovation program for the homes acquired. On August 28, 2018, 1933, November 1, 2023 September 30, 2022. may NexPoint Securities, Inc. (the “Dealer Manager”), an entity under common ownership with the Adviser, served as the sole dealer manager for the Private Offering and Raymond James & Associates, Inc. (“Raymond James”) and other unaffiliated broker-dealers serve as placement agents (the “Placement Agents”)  The Company has adopted a Long-Term Incentive Plan (the “2018 may 2018 January 1st January 1, 2019 December 31st may January 1st no 2018 may not may 2018 may

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Basis of Accounting and Use of Estimates The accompanying unaudited consolidated financial statements are presented in accordance with GAAP and the rules and regulations of the SEC. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities at the dates of the consolidated financial statements and the amounts of revenues and expenses during the reporting periods. Actual amounts realized or paid could differ from those estimates. There have been no six June 30, 2022 The accompanying unaudited consolidated financial statements have been prepared according to the rules and regulations of the SEC. Certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted according to such rules and regulations, although management believes that the disclosures are adequate to make the information presented not In the opinion of management, all adjustments and eliminations necessary for the fair presentation of the Company’s financial position as of June 30, 2022 December 31, 2021 three six June 30, 2022 2021 December 31, 2021 2020 not may December 31, 2022, Principles of Consolidation The Company accounts for subsidiary partnerships, limited liability companies, joint ventures and other similar entities in which it holds an ownership interest in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810, Consolidation first not June 30, 2022 5 99% June 30, 2022. not Real Estate Investments Upon acquisition, we evaluate our acquired SFR properties for purposes of determining whether a transaction should be accounted for as an asset acquisition or business combination. Since substantially all of the fair value of our acquired properties is concentrated in a single identifiable asset or group of similar identifiable assets and the acquisitions do not The allocation of Total Consideration, which is determined using inputs that are classified within Level 3 820, Fair Value Measurement 820” 8 third one one 2 Real estate assets, including land, buildings, improvements, fixtures, and intangible lease assets are stated at historical cost less accumulated depreciation and amortization. Costs incurred in making repairs and maintaining real estate assets are expensed as incurred. Expenditures for improvements, renovations, and replacements are capitalized at cost. The Company also incurs indirect costs to prepare acquired properties for rental. These costs are capitalized to the cost of the property during the period the property is undergoing activities to prepare it for its intended use. We capitalize interest, real estate taxes, insurance, utilities and other indirect costs as costs of the property only during the period for which activities necessary to prepare an asset for its intended use are ongoing, provided that expenditures for the asset have been made and the costs have been incurred. Upon completion of the renovation of our properties, all costs of operations, including repairs and maintenance, are expensed as incurred, unless the renovation meets the Company’s capitalization criteria. Real estate-related depreciation and amortization are computed on a straight-line basis over the estimated useful lives as described in the following table: Land Not depreciated Buildings 27.5 Improvements and other assets 3 15 Intangible lease assets 6 As of June 30, 2022 December 31, 2021 three June 30, 2022 2021 six June 30, 2022 2021 Real estate assets are reviewed for impairment quarterly or whenever events or changes in circumstances indicate that the carrying amount of an asset may not may not three six June 30, 2022 2021 Cash and restricted cash The Company maintains cash at multiple financial institutions and, at times, these balances exceed federally insurable limits. As a result, there is a concentration of credit risk related to amounts on deposit. We believe any risks are mitigated through the size of the financial institutions at which our cash balances are held. Restricted cash represents cash deposited in accounts related to security deposits, property taxes, insurance premiums and deductibles and other lender-required escrows. Amounts deposited in the reserve accounts associated with the loans can only be used as provided for in the respective loan agreements, and security deposits held pursuant to lease agreements are required to be segregated. The following table provides a reconciliation of cash and restricted cash reported on the consolidated balance sheets that sum to the total of such amount shown in the consolidated statements of cash flows (in thousands): June 30, 2022 2021 December 31, 2021 Cash $ 81,793 $ 43,901 $ 54,104 Restricted cash 21,560 20,515 20,893 Total cash and restricted cash $ 103,353 $ 64,416 $ 74,997 Revenue Recognition The Company’s primary operations consist of rental income earned from its residents under lease agreements typically with terms of one 842, Leases January 1, 2019, not 19 not three June 30, 2022 2021 six June 30, 2022 2021 Gains or losses on sales of properties are recognized pursuant to the provisions included in ASC 610 20, Other Income 610 20 In April 2020, 19 842. may not 19, not not not 19 Redeemable Securities Included in the Company’s consolidated balance sheets are redeemable noncontrolling interests in the OP, redeemable noncontrolling interests in consolidated VIEs and 6.50% Series A Cumulative Redeemable Preferred Stock (the “Preferred Shares”). These interests are presented in the “mezzanine” section of the consolidated balance sheets because they do not 480 10 S99 3A, 15 In accordance with ASC Topic 480 10 S99, 480 10 S99, Earnings (Loss) Per Share Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of the Company’s common stock outstanding, which excludes any unvested RSUs issued pursuant to the 2018 not For the Three Months Ended June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 Numerator for loss per share: Net loss $ (11,638 ) $ (2,007 ) $ (14,351 ) $ (2,148 ) Less: Dividends on and accretion to redemption value of Redeemable Series A preferred stock 2,219 2,207 4,428 4,413 Net loss attributable to redeemable noncontrolling interests in the OP (1,771 ) (466 ) (2,194 ) (501 ) Net loss attributable to redeemable noncontrolling interests in consolidated VIEs (1,191 ) — (1,191 ) — Net loss attributable to common stockholders $ (10,895 ) $ (3,748 ) $ (15,394 ) $ (6,060 ) Denominator for earnings (loss) per share: Weighted average common shares outstanding - basic 25,241 12,812 24,250 11,621 Weighted average unvested RSUs, PI Units, and OP Units (1) — — — — Weighted average common shares outstanding - diluted 25,241 12,812 24,250 11,621 Earnings (loss) per weighted average common share: Basic $ (0.43 ) $ (0.29 ) $ (0.63 ) $ (0.52 ) Diluted $ (0.43 ) $ (0.29 ) $ (0.63 ) $ (0.52 ) ( 1 For the three June 30, 2022 2021 six June 30, 2022 2021 Segment Reporting Under the provision of ASC 280, Segment Reporting two June 8, 2022 two 10% June 30, 2022 Recent Accounting Pronouncements In March 2020, 2020 04, Reference Rate Reform 848 2020 04” 2020 04 2020 04 may six June 30, 2022 848

Note 3 - Investments in Subsidi

Note 3 - Investments in Subsidiaries	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Investments in and Advances to Affiliates, Schedule of Investments [Text Block]	3. In connection with its indirect investments in real estate assets acquired, the Company, through its ownership of the OP, indirectly holds a proportional ownership interest in the Portfolio, through the OP’s beneficial ownership of all of the issued and outstanding membership interests in the special purpose limited liability companies (“SPEs”) that directly or indirectly own the Portfolio. All of the properties in the Portfolio are consolidated in the Company’s consolidated financial statements. The assets of each entity can only be used to settle obligations of that particular entity, and the creditors of each entity have no As of June 30, 2022 14 June 30, 2022 may 7 VIE Name Homes Cost Basis OP Beneficial Ownership % Encumbered by Mortgage (1) Debt Allocated NREA VB I, LLC 66 $ 6,026 100 % Yes $ 5,048 NREA VB II, LLC 167 16,523 100 % Yes 10,742 NREA VB III, LLC 1,322 121,252 100 % Yes 71,115 NREA VB IV, LLC 385 37,345 100 % Yes 24,283 NREA VB V, LLC 1,829 126,777 100 % Yes 108,384 NREA VB VI, LLC 302 27,898 100 % Yes 18,661 NREA VB VII, LLC 36 3,059 100 % Yes 2,989 True FM2017-1, LLC 211 18,735 100 % Yes 10,312 SMP Homes 3B, LLC 160 17,318 100 % No — SMP Homes 5B, LLC 46 4,770 100 % Yes 2,319 VB One, LLC 11,408 1,329,924 100 % No 750,000 VB Two, LLC 1,853 167,544 100 % No 124,554 VB Three, LLC 3,890 538,680 100 % No 315,000 VB Five, LLC 268 25,825 100 % Yes 13,470 NexPoint Homes 1,731 482,277 99 % No 221,488 23,674 $ 2,923,953 $ 1,678,365 (2) ( 1 Assets held, directly or indirectly, by VB One, LLC, VB Two, LLC and VB Three, LLC are not ( 2 In addition to the debt allocated to the SPEs noted above, as of June 30, 2022, not 13 June 30, 2022.

Note 4 - Real Estate Assets

Note 4 - Real Estate Assets	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Real Estate Disclosure [Text Block]	4. As of June 30, 2022 December 31, 2021 Land Buildings and improvements (1) Intangible lease assets Real estate held for sale, net Total Gross Real Estate, December 31, 2021 $ 334,191 $ 1,391,786 $ 971 $ 81 $ 1,727,029 Additions 200,026 991,626 (2) 3,986 8,986 1,204,624 Write-offs — — (799 ) — (799 ) Dispositions — — — (6,901 ) (6,901 ) Gross Real Estate, June 30, 2022 534,217 2,383,412 4,158 2,166 2,923,953 Accumulated depreciation and amortization — (113,383 ) (2,619 ) — (116,002 ) Net Real Estate, June 30, 2022 $ 534,217 $ 2,270,029 $ 1,539 $ 2,166 $ 2,807,951 ( 1 Includes capitalized interest, real estate taxes, insurance and other costs incurred during rehabilitation of the properties. ( 2 Includes capitalized interest of approximately $4.9 million and other capitalizable costs of approximately $3.9 million. During the three June 30, 2022 2021 six June 30, 2022 2021 Acquisitions and dispositions During the six June 30, 2022 June 8, 2022, June 30, 2022, 5 On February 8, 2022, eight Market State # of Homes Memphis TN, MS 743 Atlanta GA 741 Saint Louis MO 308 Pensacola FL 300 Raeford NC 250 Kansas City MO 230 Portales NM 150 Augusta GA, SC 67 Jacksonville FL 53 Total 2,842 On March 18, 2022, Held for sale properties The Company periodically classifies real estate assets as held for sale when certain criteria are met, in accordance with GAAP. Once the Company begins marketing an asset or determines that it will pursue marketing an asset, the asset becomes classified as held for sale. At that time, the Company presents the net real estate assets separately in its consolidated balance sheet, and the Company ceases recording depreciation and amortization expense related to that property. Real estate held for sale is reported at the lower of its carrying amount or its estimated fair value less estimated costs to sell. As of June 30, 2022

Note 5 - NexPoint Homes Investm

Note 5 - NexPoint Homes Investment	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	5. During the six June 30, 2022, June 8, 2022 Formation of NexPoint Homes - Contribution Agreements On June 8, 2022, Following the contribution by the OP to NexPoint Homes, NexPoint Homes entered into a contribution agreement (the “SFR OP Contribution Agreement”) with NexPoint SFR Operating Partnership, L.P. (the “SFR OP”), the operating partnership of NexPoint Homes, certain funds managed by affiliates of our Adviser and certain individuals (the “Principals”) affiliated with HomeSource Operations, LLC, the external manager of the SFR OP. In accordance with the SFR OP Contribution Agreement, NexPoint Homes contributed $50.0 million to the SFR OP in exchange for 2,000,000 limited partnership units of the Operating Partnership (“SFR OP Units”). On June 8, 2022, June 30, 2027. August 1, 2022 March 31, 2027, On June 8, 2022, 1” 1 1 March 3, 2027. June 30, 2022, 1 1. Consolidation of NexPoint Homes Under ASC 810, Consolidation 99% June 30, 2022,

Note 6 - Investment, at Fair Va

Note 6 - Investment, at Fair Value	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Investment Holdings [Text Block]	6. On November 22, 2021, seven February 24, 2021, no Investments in privately held entities that report NAV, such as our privately held equity investments, are presented at fair value using NAV as a practical expedient, with changes in fair value recognized in net income. We use NAV reported by limited partnerships generally without adjustment, unless we are aware of information indicating that the NAV reported by a limited partnership does not June 30, 2022 no

Note 7 - Debt

Note 7 - Debt	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	7. On November 1, 2018, 30 first 30 December 1, 2025. On September 20, 2019, November 3, 2021, December 9, 2021, April 8, 2022 May 20, 2022. November 3, 2024, one may one June 30, 2022 On September 30, 2019, 2017 1, 2017 1, February 1, 2028 On December 28, 2020, 5B, 5B, 5B, January 9, 2023 July 11, 2022, On January 6, 2021, January 31, 2026. On March 1, 2021, one March 1, 2023. March 10, 2022, No. 1 June 30, 2022 On January 13, 2022, February 1, 2029 On February 8, 2022, April 8, 2022, On March 18, 2022, July 9, 2029 On March 18, 2022, July 9, 2029 In addition to the debt agreements discussed above for the VineBrook reportable segment, as of June 30, 2022, 1 13 As of June 30, 2022 The weighted average interest rate of the Company’s debt was 3.8895% as of June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 one 870.0 8 The following table contains summary information concerning the Company’s debt as of June 30, 2022 December 31, 2021 Outstanding Principal as of Type June 30, 2022 December 31, 2021 Interest Rate (1) Maturity Initial Mortgage Floating $ 241,222 $ 241,269 3.34 % 12/1/2025 Warehouse Facility Floating 750,000 160,000 3.49 % 11/3/2024 (3) JPM Facility Floating 315,000 240,000 4.35 % 3/1/2023 MetLife Note Fixed 124,554 124,689 3.25 % 1/31/2026 TrueLane Mortgage Fixed 10,312 10,387 5.35 % 2/1/2028 CoreVest Note Fixed 2,319 2,338 6.12 % 1/9/2023 Crestcore II Note Fixed 4,691 — 5.12 % 7/9/2029 Crestcore IV Note Fixed 4,170 — 5.12 % 7/9/2029 Hatchway Broadmoor Mortgage Fixed 4,609 — 5.35 % 2/1/2029 NexPoint Homes MetLife Note 1 Fixed 221,488 — 3.76 % 3/3/2027 SFR OP Convertible Notes Fixed 100,100 — 7.50 % 6/30/2027 $ 1,778,465 $ 778,683 Debt premium, net (2) 457 416 Deferred financing costs, net of accumulated amortization of $8,519 and $5,325, respectively (12,757 ) (10,554 ) $ 1,766,165 $ 768,545 ( 1 Represents the interest rate as of June 30, 2022 one one June 30, 2022 June 30, 2022 one June 30, 2022 ( 2 The Company reflected valuation adjustments on its assumed fixed rate debt to adjust it to fair market value on the dates of acquisition for the difference between the fair value and the assumed principal amount of debt. The difference is amortized into interest expense over the remaining terms of the debt. ( 3 This is the stated maturity for the Warehouse Facility, but it is subject to a 12 Schedule of Debt Maturities The aggregate scheduled maturities, including amortizing principal payments, of total debt for the next five June 30, 2022 Total 2022 $ 927 2023 326,300 2024 8,617 2025 974,208 (1) 2026 125,052 Thereafter 343,361 Total $ 1,778,465 ( 1 Assumes the Company exercises the 12 Deferred Financing Costs The Company defers costs incurred in obtaining financing and amortizes the costs over the term of the related debt using the straight-line method, which approximates the effective interest method. Deferred financing costs, net of amortization, are recorded as a reduction from the related debt on the Company’s consolidated balance sheets. Upon repayment of, or in conjunction with, a material change in the terms of the underlying debt agreement, any unamortized costs are charged to loss on extinguishment of debt and any prepayment penalty resulting from the early repayment of the debt is recorded as interest expense in the period incurred. For the three June 30, 2022 2021 six June 30, 2022 2021 Loss on Extinguishment of Debt Loss on extinguishment of debt includes prepayment penalties and defeasance costs incurred on the early repayment of debt and other costs incurred in a debt extinguishment. Upon repayment of or in conjunction with a material change in the terms of the underlying debt agreement, any unamortized costs are charged to loss on extinguishment of debt. For the six June 30, 2022 2021,

Note 8 - Fair Value of Derivati

Note 8 - Fair Value of Derivatives and Financial Instruments	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Derivatives and Fair Value [Text Block]	8. Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability. As a basis for considering market participant assumptions in fair value measurements, ASC 820 1 2 3 ● Level 1 ● Level 2 1 2 may ● Level 3 The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. The Company utilizes independent third Derivative Financial Instruments and Hedging Activities The Company manages interest rate risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company has entered into an interest rate cap and interest rate swaps to manage exposures that arise from changes in interest rates. The Company’s derivative financial instruments are used to manage the Company’s risk of increased cash outflows from the floating rate loans that may one one The Company utilizes an independent third 820, 2 3 not June 30, 2022 December 31, 2021 2 The changes in the fair value of derivative financial instruments that are designated as cash flow hedges are recorded in other comprehensive income (loss) and are subsequently reclassified into net income (loss) in the period that the hedged forecasted transaction affects earnings. Amounts reported in other comprehensive income (loss) related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s floating rate debt. Derivatives not not not 815, Derivatives and Hedging not not In order to fix a portion of, and mitigate the risk associated with, the Company’s floating rate indebtedness, the Company, through the OP, has entered into 11 interest rate swap transactions with KeyBank and Mizuho Capital Markets LLC (“Mizuho”) with a combined notional amount of $870.0 million. The interest rate swaps the Company has entered into effectively replace the floating interest rate ( one As of June 30, 2022 Effective Date Expiration Date Counterparty Index (1) Notional Fixed Rate 7/1/2019 7/1/2024 KeyBank One-Month LIBOR $ 100,000 1.6290 % 9/1/2019 12/21/2025 KeyBank One-Month LIBOR 100,000 1.4180 % 9/1/2019 12/21/2025 KeyBank One-Month LIBOR 50,000 1.4190 % 2/3/2020 2/1/2025 KeyBank One-Month LIBOR 50,000 1.2790 % 3/2/2020 3/3/2025 KeyBank One-Month LIBOR 20,000 0.9140 % $ 320,000 1.4309 % (2) Effective Date Expiration Date Counterparty Index (1) Notional Fixed Rate 3/31/2022 11/1/2025 KeyBank Daily SOFR $ 100,000 1.5110 % 3/31/2022 11/1/2025 KeyBank Daily SOFR 100,000 1.9190 % 3/31/2022 11/1/2025 KeyBank Daily SOFR 50,000 2.4410 % 6/1/2022 11/1/2025 Mizuho Daily SOFR 100,000 2.6284 % 6/1/2022 11/1/2025 Mizuho Daily SOFR 100,000 2.9413 % 6/1/2022 11/1/2025 Mizuho Daily SOFR 100,000 2.7900 % $ 550,000 2.3655 % (2) ( 1 As of June 30, 2022 one ( 2 Represents the weighted average fixed rate of the interest rate swaps for one For the three June 30, 2022 2021 six June 30, 2022 2021 Interest rate caps involve the receipt of variable-rate amounts from a counterparty if interest rates rise above the strike rate on the contract in exchange for an up-front premium. On April 13, 2022, one November 1, 2025. As of June 30, 2022 not Derivative Notional Hedged Floating Rate Debt Index Index as of June 30, 2022 Strike Rate Interest Rate Cap $ 300,000 Warehouse Facility One-Month Term SOFR 1.6860 % 1.50 % For the three six June 30, 2022 $2.1 The table below presents the fair value of the Company’s derivative financial instruments, which are presented in a net position on the consolidated balance sheets as of June 30, 2022 December 31, 2021 Asset Derivatives Liability Derivatives Balance Sheet Location June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 Derivatives designated as hedging instruments: Interest rate swaps Interest rate derivatives, at fair value $ 22,237 $ — $ 318 $ 3,590 Derivatives not designated as hedging instruments: Interest rate caps Interest rate derivatives, at fair value 14,743 — — — Total $ 36,980 $ — $ 318 $ 3,590 Financial assets and liabilities for which the carrying values approximate their fair values include cash, restricted cash, accounts receivable, accounts payable, and security deposits. Generally, these assets and liabilities are short‑term in duration and are recorded at fair value on the consolidated balance sheets. The Company believes the carrying value of each outstanding loan approximates fair value based on the nature, term and interest rate of each loan.

Note 9 - Stockholders' Equity

Note 9 - Stockholders' Equity	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	9. Equity The Company issues Shares under the Private Offering as well as under the Company’s distribution reinvestment program (the “DRIP”). Shares issued under the DRIP are issued at a 3% six June 30, 2022 Quarter Ended Shares issued Proceeds DRIP reinvestment March 31, 2022 2,907,334 $ 149,369 $ 6,495 June 30, 2022 682,149 32,079 7,046 Total 3,589,483 $ 181,448 $ 13,541 The following table provides detail on cash dividends declared on Shares as well as reinvested dividends as part of the Company’s DRIP for the six June 30, 2022 Quarter Ended DRIP Shares Issued DRIP Dividend Cash Dividend Cash Dividend Accrued on RSUs (1) Total Dividend March 31, 2022 123,665 $ 6,495 $ 5,816 $ 219 $ 12,530 June 30, 2022 120,496 7,046 6,385 262 13,693 Total 244,161 $ 13,541 $ 12,201 $ 481 $ 26,223 ( 1 Included in accounts payable and other accrued liabilities on the consolidated balance sheets. Long-Term Incentive Plan The Company adopted the 2018 may 2018 may 2018 may RSU Grants Under the 2018 On December 10, 2019, May 11, 2020, February 15, 2021, February 17, 2022, December 10, 2019 May 11, 2020 four February 17, 2022, February 15, 2021 May 11, 2020 four first no one one As of June 30, 2022 Dates Number of RSUs Value (1) Outstanding December 31, 2021 377,704 $ 12,405 Granted 185,111 10,022 Vested (53,821 ) (2) (1,845 ) Forfeited — — Outstanding June 30, 2022 508,994 $ 20,582 ( 1 Value is based on the number of RSUs granted multiplied by the most recent NAV per share on the date of grant, which was $54.14 for the February 17, 2022 February 15, 2021 May 11, 2020 December 10, 2019 ( 2 Certain grantees elected to net the taxes owed upon vesting against the Shares issued resulting in 49,516 Shares being issued as shown on the consolidated statements of stockholders' equity. The vesting schedule for the RSUs is as follows: Vest Date RSUs Vesting December 10, 2022 18,425 February 15, 2023 22,717 February 17, 2023 30,412 May 11, 2023 21,335 December 10, 2023 18,426 February 15, 2024 22,717 February 17, 2024 22,100 May 11, 2024 21,335 February 14, 2025 22,717 February 17, 2025 22,100 February 17, 2026 22,100 Upon successful completion of IPO 264,610 508,994 For the three June 30, 2022 2021 six June 30, 2022 2021

Note 10 - Redeemable Noncontrol

Note 10 - Redeemable Noncontrolling Interests in the OP	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Noncontrolling Interest Disclosure [Text Block]	10. Redeemable Noncontrolling Interests in the OP Other than PI Units and 6.50% Series A Cumulative Redeemable Preferred Units of the OP (“OP Preferred Units”), partnership interests in the OP are represented by OP Units. Net income (loss) is allocated pro rata to holders of OP Units and PI Units based upon net income (loss) attributable to the OP and the respective members’ OP Units and PI Units held during the period. Capital contributions, distributions, and profits and losses are allocated to PI Units and OP Units not The following table presents the redeemable noncontrolling interests in the OP (in thousands): Balances Redeemable noncontrolling interests in the OP, December 31, 2021 $ 196,362 Net loss attributable to redeemable noncontrolling interests in the OP (2,194 ) Contributions by redeemable noncontrolling interests in the OP 5,942 Distributions to redeemable noncontrolling interests in the OP (4,548 ) Redemptions by redeemable noncontrolling interests in the OP — Equity-based compensation 1,397 Other comprehensive income attributable to redeemable noncontrolling interests in the OP 3,946 Adjustment to reflect redemption value of redeemable noncontrolling interests in the OP 33,808 Redeemable noncontrolling interests in the OP, June 30, 2022 $ 234,713 The following table provides detail on distributions to noncontrolling interests in the OP for the six June 30, 2022 Quarter Ended DRIP OP Units Issued OP DRIP Distribution OP Cash Distribution OP Distribution on PI Units Total OP Distribution March 31, 2022 8,896 $ 467 $ 1,477 $ 313 $ 2,257 June 30, 2022 8,639 501 1,477 313 2,291 Total 17,535 $ 968 $ 2,954 $ 626 $ 4,548 As of June 30, 2022 On September 7, 2021, no not The Partnership Board of the OP has exclusive authority to select, remove and replace the general partner of the OP and no may one may Upon execution of the OP LPA, the Company reconsidered whether it was still the primary beneficiary of the OP. Upon reconsideration, the Company determined that it is the member of the related party group most closely associated with the OP and has the power to direct the activities that are most significant to the OP as any actions taken by the OP GP are subject to the authority and approval of the Company’s Board. Accordingly, the Company determined that it should continue to consolidate the OP. PI Unit Grants Under the 2018 In connection with the 2018 April 19, 2019, November 21, 2019, May 11, 2020, November 30, 2020, May 31, 2021, 2019 two four May 11, 2020 May 31, 2021 four November 30, 2020 four one no third As of June 30, 2022 Dates Number of PI Units Value (1) Outstanding December 31, 2021 498,590 $ 16,965 Granted — — Vested (57,309 ) (1,964 ) Forfeited (11,933 ) (434 ) Outstanding June 30, 2022 429,348 $ 14,567 ( 1 Value is based on the number of PI Units granted multiplied by the estimated per unit fair value on the date of grant, which was $27.88 for the April 19, 2019 November 21, 2019 May 11, 2020 November 30, 2020 May 31, 2021 The vesting schedule for the PI Units is as follows: Vest Date PI Units Vesting November 1, 2022 7,200 November 21, 2022 18,425 November 30, 2022 1,470 March 30, 2023 29,831 May 11, 2023 27,478 November 1, 2023 7,200 November 21, 2023 18,425 November 30, 2023 1,470 March 30, 2024 29,831 May 11, 2024 27,478 November 30, 2024 1,470 March 30, 2025 29,831 Upon successful completion of IPO* 229,239 429,348 *Upon successful completion of an IPO, an additional 11,764 PI Units will vest immediately instead of vesting ratably according to the schedule above on each of November 30, 2022, November 30, 2023 November 30, 2024. For the three June 30, 2022 2021 six June 30, 2022 2021 The table below presents the consolidated Shares and OP Units outstanding held by the noncontrolling interests (“NCI”), as the OP Units held by the Company are eliminated in consolidation: Period End Shares Outstanding OP Units Held by NCI Consolidated Shares and NCI OP Units Outstanding March 31, 2022 24,696,441 3,725,832 28,422,273 June 30, 2022 24,960,485 3,740,441 28,700,926 Redeemable Noncontrolling Interests in Consolidated VIEs Partnership interests in the SFR OP are represented by SFR OP Units. Net income (loss) is allocated pro rata to holders of SFR OP Units and is based upon net income (loss) attributable to the SFR OP and the respective members’ SFR OP Units held during the period. Capital contributions, distributions, and profits and losses are allocated to SFR OP Units not six June 30, 2022, June 30, 2022, June 30, 2022,

Note 11 - Redeemable Series A P

Note 11 - Redeemable Series A Preferred Stock	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Preferred Stock [Text Block]	11. The Company has issued 5,000,000 Preferred Shares as of June 30, 2022. October 7, 2027, March 8, 2022, March 25, 2022 April 11, 2022 June 14, 2022, June 24, 2022 July 11, 2022 The following table presents the redeemable Series A preferred stock (dollars in thousands): Preferred Shares Balances Redeemable Series A preferred stock, December 31, 2021 5,000,000 $ 120,896 Issuance of Redeemable Series A preferred stock — — Issuance costs related to Redeemable Series A preferred stock — — Net income attributable to Redeemable Series A preferred stockholders — 4,063 Dividends declared to Redeemable Series A preferred stockholders — (4,063 ) Accretion to redemption value — 365 Redeemable Series A preferred stock, June 30, 2022 5,000,000 $ 121,261

Note 12 - Income Taxes

Note 12 - Income Taxes	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	12. The Company has made the election and intends to be taxed as a REIT under Sections 856 860 90% not 4% 1 85% 2 95% 3 100% no no six June 30, 2022 2021 If the Company fails to meet these requirements, it could be subject to U.S. federal income tax on all of the Company’s taxable income at regular corporate rates for that year. The Company would not four June 30, 2022 not The Company evaluates the accounting and disclosure of tax positions taken or expected to be taken in the course of preparing the Company’s tax returns to determine whether the tax positions are “more-likely-than- not” 50 not not no none 2021, 2020 2019. The Company had no June 30, 2022

Note 13 - Related Party Transac

Note 13 - Related Party Transactions	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	13. Advisory Fee Pursuant to the Advisory Agreement, the Company will pay the Adviser, on a monthly basis in arrears, an advisory fee at an annualized rate of 0.75% of the gross asset value of the Company on a consolidated basis (excluding the value of the OP’s assets but inclusive of the Company’s pro rata share of the debt held at the OP and its SPEs). The Adviser will manage the Company’s business including, among other duties, advising the Board to issue distributions, preparing our quarterly and annual consolidated financial statements prepared under GAAP, development and maintenance of internal accounting controls, management and conduct of maintaining our REIT status, calculation of our NAV and recommending the appropriate NAV to be set by the Board, processing of sales of Shares through the Private Offering, reporting to holders of Shares, our tax filings, and other responsibilities customary for an external advisor to a business similar to ours. With certain specified exceptions, the advisory fee together with reimbursement of operating and offering expenses may not For the three June 30, 2022 2021 six June 30, 2022 2021 Management Fee The equity holders of the Manager are holders of noncontrolling interests in the OP and comprise a portion of the VineBrook Contributors. Through this noncontrolling ownership, the Manager is deemed to be a related party. Pursuant to the Management Agreements, the OP will pay the Manager (i) an acquisition fee equal to 1.0% of the purchase price paid for any new property acquired during the month, (ii) a construction fee monthly in arrears that shall not ● 8.0% of collected rental revenue up to and including $45 ● 7.0% of the incremental collected rental revenue above $45 $65 ● 6.0% of the incremental collected rental revenue above $65 $85 ● 5.0% of the incremental collected rental revenue above $85 Under the Management Agreements and the Side Letter, the aggregate fees that the Manager can earn in any fiscal year are capped such that the Manager’s EBITDA (as defined in the Management Agreements) derived from these fees may not first 1 2 three six June 30, 2022 2021 The Manager is responsible for the day-to-day management of the properties, acquisition of new properties, disposition of existing properties (with acquisition and disposition decisions made under the approval of the investment committee and the Board), leasing the properties, managing tenant issues and requests, collecting rents, paying operating expenses, managing maintenance issues, accounting for each property using GAAP, and other responsibilities customary for the management of SFR properties. Property management fees are included in property management fees on the consolidated statements of operations and comprehensive income (loss) and acquisition and construction fees are capitalized into each home and are included in buildings and improvements on the consolidated balance sheet and are depreciated over the useful life of each property. The following table is a summary of fees that the OP incurred to the Manager and its affiliates, as well as reimbursements paid to the Manager and its affiliates for various operating expenses the Manager paid on the OP’s behalf, of which approximately $4.3 million and $2.7 million is due to the Manager and included in accounts payable and other accrued liabilities on the consolidated balance sheets as of June 30, 2022 2021 three six June 30, 2022 2021 For the Three Months Ended June 30, For the Six Months Ended June 30, Location on Financial Statements 2022 2021 2022 2021 Fees Incurred Property management fees Statement of Operations $ 3,331 $ 2,249 $ 6,442 $ 4,054 Acquisition fees Balance Sheet 1,015 972 6,055 6,946 Construction supervision fees Balance Sheet 4,446 1,692 7,620 3,014 Reimbursements Payroll and benefits Balance Sheet and Statement of Operations 6,573 3,709 12,468 6,788 Other reimbursements Balance Sheet and Statement of Operations 457 182 767 337 Totals $ 15,822 $ 8,804 $ 33,352 $ 21,139 Internalization of the Adviser or the Manager The Company may first 12 three 12 may June 28, 2022, June 30, 2022, not not Termination Fees Payable to the Adviser or Manager If the Advisory Agreement or any one three 12 three 12 may may Advance Acquisition and Construction Fee Advances Paid to the Manager Pursuant to the Side Letter, the Manager may June 30, 2022 December 31, 2021 no Backstop Loans to the Manager Pursuant to the Side Letter, in the event the Manager does not may may may not June 30, 2022 December 31, 2021 Dealer Manager Fees Investors may may Organization and Private Offering Expenses Offering and organizational expenses (“O&O Expenses”) may See below for detail related to the O&O Expenses as of June 30, 2022 Amount Gross investor equity raised subject to O&O $ 990,671 O&O collected and available for reimbursements $ 6,866 O&O Expenses reimbursed (6,864 ) O&O available for future reimbursements $ 2 NexBank The Company and the OP maintain bank accounts with an affiliate of the Adviser, NexBank N.A. (“NexBank”). NexBank charges no NexPoint Homes Transactions In connection with the Company’s consolidated investment in NexPoint Homes, the Company consolidated non-controlling interests in NexPoint Homes that were contributed by affiliates of the Adviser. As of June 30, 2022, June 30, 2027 June 30, 2022, The Company consolidates an approximately $4.8 million loan from the SFR OP to HomeSource Operations, LLC (the “HomeSource Note”). The HomeSource Note bears interest at daily SOFR plus 2.00% and matures on February 1, 2027. On June 8, 2022, six June 30, 2022. The NexPoint Homes portfolio is generally managed by HomeSource Operations, LLC, a Delaware limited liability company (the “NexPoint Homes Manager”), pursuant to the terms of a management agreement, dated June 8, 2022 ( third six June 30, 2022.

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	14. Commitments In the normal course of business, the Company enters into various construction related purchase commitments with parties that provide these goods and services. In the event the Company were to terminate construction services prior to the completion of projects, the Company could potentially be committed to satisfy outstanding or uncompleted purchase orders with such parties. As of June 30, 2022 not Contingencies In the normal course of business, the Company is subject to claims, lawsuits, and legal proceedings. While it is not not not The Company is not no not An entity purchased by the OP as a part of the Formation Transaction, the Huber Transaction Sub, LLC (“Huber”), had potential liability exposure to a legacy environmental issue related to a 1988 not January 27, 2021,

Note 15 - Segment Information

Note 15 - Segment Information	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	15. Reportable Segments Following the formation of NexPoint Homes, the Company has two reportable segments. For the three six June 30, 2022, June 8, 2022. three six June 30, 2021, For the Three Months Ended June 30, 2022 2021 Revenues Expenses Net loss Revenues Expenses Net loss VineBrook $ 61,058 $ 69,749 $ (8,644 ) $ 39,821 $ 41,612 $ (2,007 ) NexPoint Homes 1,246 4,240 (2,994 ) — — — Total Company $ 62,304 $ 73,989 $ (11,638 ) $ 39,821 $ 41,612 $ (2,007 ) For the Six Months Ended June 30, 2022 2021 Revenues Expenses Net loss Revenues Expenses Net loss VineBrook $ 113,375 $ 124,786 $ (11,357 ) $ 70,449 $ 72,297 $ (2,148 ) NexPoint Homes 1,246 4,240 (2,994 ) — — — Total Company $ 114,621 $ 129,026 $ (14,351 ) $ 70,449 $ 72,297 $ (2,148 ) The following presents select balance sheet data for the reportable segments (in thousands): As of June 30, 2022 As of December 31, 2021 VineBrook NexPoint Homes Total Company VineBrook NexPoint Homes Total Company Assets Gross operating real estate investments $ 2,439,510 $ 482,277 $ 2,921,787 $ 1,726,948 $ — $ 1,726,948 Accumulated depreciation and amortization (115,208 ) (794 ) (116,002 ) (76,789 ) — (76,789 ) Net operating real estate investments 2,324,302 481,483 2,805,785 1,650,159 — 1,650,159 Real estate held for sale, net 2,166 — 2,166 81 — 81 Net real estate investments 2,326,468 481,483 2,807,951 1,650,240 — 1,650,240 Other assets 154,435 56,764 211,199 108,085 — 108,085 Total assets $ 2,480,903 $ 538,247 $ 3,019,150 $ 1,758,325 $ — $ 1,758,325 Liabilities Debt payable, net $ 1,445,007 $ 321,158 $ 1,766,165 $ 768,545 $ — $ 768,545 Other liabilities 101,331 8,237 109,568 89,574 — 89,574 Total liabilities $ 1,546,338 $ 329,395 $ 1,875,733 $ 858,119 $ — $ 858,119

Note 16 - Subsequent Events

Note 16 - Subsequent Events	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Subsequent Events [Text Block]	16. The Company evaluated subsequent events through the date the consolidated financial statements were issued, to determine if any significant events occurred subsequent to the balance sheet date that would have a material impact on these consolidated financial statements and determined the following events were material: CoreVest Note Payoff On July 11, 2022, Acquisitions Subsequent to June 30, 2022 555 $71.2 Entry into Purchase Agreements On August 3, 2022, 1,610 August 3, 2022, 1,289 fourth 2022. Third Quarter 2022 On July 11, 2022, July 15, 2022 September 30, 2022 August 2, 2022, August 15, 2022 September 30, 2022 NAV Determination In accordance with the Valuation Methodology, on July 26, 2022, June 30, 2022.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Accounting and Use of Estimates The accompanying unaudited consolidated financial statements are presented in accordance with GAAP and the rules and regulations of the SEC. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities at the dates of the consolidated financial statements and the amounts of revenues and expenses during the reporting periods. Actual amounts realized or paid could differ from those estimates. There have been no six June 30, 2022 The accompanying unaudited consolidated financial statements have been prepared according to the rules and regulations of the SEC. Certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted according to such rules and regulations, although management believes that the disclosures are adequate to make the information presented not In the opinion of management, all adjustments and eliminations necessary for the fair presentation of the Company’s financial position as of June 30, 2022 December 31, 2021 three six June 30, 2022 2021 December 31, 2021 2020 not may December 31, 2022,
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The Company accounts for subsidiary partnerships, limited liability companies, joint ventures and other similar entities in which it holds an ownership interest in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810, Consolidation first not June 30, 2022 5 99% June 30, 2022. not
Real Estate, Policy [Policy Text Block]	Real Estate Investments Upon acquisition, we evaluate our acquired SFR properties for purposes of determining whether a transaction should be accounted for as an asset acquisition or business combination. Since substantially all of the fair value of our acquired properties is concentrated in a single identifiable asset or group of similar identifiable assets and the acquisitions do not The allocation of Total Consideration, which is determined using inputs that are classified within Level 3 820, Fair Value Measurement 820” 8 third one one 2 Real estate assets, including land, buildings, improvements, fixtures, and intangible lease assets are stated at historical cost less accumulated depreciation and amortization. Costs incurred in making repairs and maintaining real estate assets are expensed as incurred. Expenditures for improvements, renovations, and replacements are capitalized at cost. The Company also incurs indirect costs to prepare acquired properties for rental. These costs are capitalized to the cost of the property during the period the property is undergoing activities to prepare it for its intended use. We capitalize interest, real estate taxes, insurance, utilities and other indirect costs as costs of the property only during the period for which activities necessary to prepare an asset for its intended use are ongoing, provided that expenditures for the asset have been made and the costs have been incurred. Upon completion of the renovation of our properties, all costs of operations, including repairs and maintenance, are expensed as incurred, unless the renovation meets the Company’s capitalization criteria. Real estate-related depreciation and amortization are computed on a straight-line basis over the estimated useful lives as described in the following table: Land Not depreciated Buildings 27.5 Improvements and other assets 3 15 Intangible lease assets 6 As of June 30, 2022 December 31, 2021 three June 30, 2022 2021 six June 30, 2022 2021 Real estate assets are reviewed for impairment quarterly or whenever events or changes in circumstances indicate that the carrying amount of an asset may not may not three six June 30, 2022 2021
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and restricted cash The Company maintains cash at multiple financial institutions and, at times, these balances exceed federally insurable limits. As a result, there is a concentration of credit risk related to amounts on deposit. We believe any risks are mitigated through the size of the financial institutions at which our cash balances are held. Restricted cash represents cash deposited in accounts related to security deposits, property taxes, insurance premiums and deductibles and other lender-required escrows. Amounts deposited in the reserve accounts associated with the loans can only be used as provided for in the respective loan agreements, and security deposits held pursuant to lease agreements are required to be segregated. The following table provides a reconciliation of cash and restricted cash reported on the consolidated balance sheets that sum to the total of such amount shown in the consolidated statements of cash flows (in thousands): June 30, 2022 2021 December 31, 2021 Cash $ 81,793 $ 43,901 $ 54,104 Restricted cash 21,560 20,515 20,893 Total cash and restricted cash $ 103,353 $ 64,416 $ 74,997
Revenue [Policy Text Block]	Revenue Recognition The Company’s primary operations consist of rental income earned from its residents under lease agreements typically with terms of one 842, Leases January 1, 2019, not 19 not three June 30, 2022 2021 six June 30, 2022 2021 Gains or losses on sales of properties are recognized pursuant to the provisions included in ASC 610 20, Other Income 610 20 In April 2020, 19 842. may not 19, not not not 19
Stockholders' Equity Note, Redeemable Preferred Stock, Issue, Policy [Policy Text Block]	Redeemable Securities Included in the Company’s consolidated balance sheets are redeemable noncontrolling interests in the OP, redeemable noncontrolling interests in consolidated VIEs and 6.50% Series A Cumulative Redeemable Preferred Stock (the “Preferred Shares”). These interests are presented in the “mezzanine” section of the consolidated balance sheets because they do not 480 10 S99 3A, 15 In accordance with ASC Topic 480 10 S99, 480 10 S99,
Earnings Per Share, Policy [Policy Text Block]	Earnings (Loss) Per Share Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of the Company’s common stock outstanding, which excludes any unvested RSUs issued pursuant to the 2018 not For the Three Months Ended June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 Numerator for loss per share: Net loss $ (11,638 ) $ (2,007 ) $ (14,351 ) $ (2,148 ) Less: Dividends on and accretion to redemption value of Redeemable Series A preferred stock 2,219 2,207 4,428 4,413 Net loss attributable to redeemable noncontrolling interests in the OP (1,771 ) (466 ) (2,194 ) (501 ) Net loss attributable to redeemable noncontrolling interests in consolidated VIEs (1,191 ) — (1,191 ) — Net loss attributable to common stockholders $ (10,895 ) $ (3,748 ) $ (15,394 ) $ (6,060 ) Denominator for earnings (loss) per share: Weighted average common shares outstanding - basic 25,241 12,812 24,250 11,621 Weighted average unvested RSUs, PI Units, and OP Units (1) — — — — Weighted average common shares outstanding - diluted 25,241 12,812 24,250 11,621 Earnings (loss) per weighted average common share: Basic $ (0.43 ) $ (0.29 ) $ (0.63 ) $ (0.52 ) Diluted $ (0.43 ) $ (0.29 ) $ (0.63 ) $ (0.52 ) ( 1 For the three June 30, 2022 2021 six June 30, 2022 2021
Segment Reporting, Policy [Policy Text Block]	Segment Reporting Under the provision of ASC 280, Segment Reporting two June 8, 2022 two 10% June 30, 2022
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In March 2020, 2020 04, Reference Rate Reform 848 2020 04” 2020 04 2020 04 may six June 30, 2022 848

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Estimated Useful Lives of Real Estate [Table Text Block]	Land Not depreciated Buildings 27.5 Improvements and other assets 3 15 Intangible lease assets 6
Schedule of Cash and Cash Equivalents [Table Text Block]	June 30, 2022 2021 December 31, 2021 Cash $ 81,793 $ 43,901 $ 54,104 Restricted cash 21,560 20,515 20,893 Total cash and restricted cash $ 103,353 $ 64,416 $ 74,997
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Three Months Ended June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 Numerator for loss per share: Net loss $ (11,638 ) $ (2,007 ) $ (14,351 ) $ (2,148 ) Less: Dividends on and accretion to redemption value of Redeemable Series A preferred stock 2,219 2,207 4,428 4,413 Net loss attributable to redeemable noncontrolling interests in the OP (1,771 ) (466 ) (2,194 ) (501 ) Net loss attributable to redeemable noncontrolling interests in consolidated VIEs (1,191 ) — (1,191 ) — Net loss attributable to common stockholders $ (10,895 ) $ (3,748 ) $ (15,394 ) $ (6,060 ) Denominator for earnings (loss) per share: Weighted average common shares outstanding - basic 25,241 12,812 24,250 11,621 Weighted average unvested RSUs, PI Units, and OP Units (1) — — — — Weighted average common shares outstanding - diluted 25,241 12,812 24,250 11,621 Earnings (loss) per weighted average common share: Basic $ (0.43 ) $ (0.29 ) $ (0.63 ) $ (0.52 ) Diluted $ (0.43 ) $ (0.29 ) $ (0.63 ) $ (0.52 )

Note 3 - Investments in Subsi_2

Note 3 - Investments in Subsidiaries (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Investments in and Advances to Affiliates, Schedule of Investments [Table Text Block]	VIE Name Homes Cost Basis OP Beneficial Ownership % Encumbered by Mortgage (1) Debt Allocated NREA VB I, LLC 66 $ 6,026 100 % Yes $ 5,048 NREA VB II, LLC 167 16,523 100 % Yes 10,742 NREA VB III, LLC 1,322 121,252 100 % Yes 71,115 NREA VB IV, LLC 385 37,345 100 % Yes 24,283 NREA VB V, LLC 1,829 126,777 100 % Yes 108,384 NREA VB VI, LLC 302 27,898 100 % Yes 18,661 NREA VB VII, LLC 36 3,059 100 % Yes 2,989 True FM2017-1, LLC 211 18,735 100 % Yes 10,312 SMP Homes 3B, LLC 160 17,318 100 % No — SMP Homes 5B, LLC 46 4,770 100 % Yes 2,319 VB One, LLC 11,408 1,329,924 100 % No 750,000 VB Two, LLC 1,853 167,544 100 % No 124,554 VB Three, LLC 3,890 538,680 100 % No 315,000 VB Five, LLC 268 25,825 100 % Yes 13,470 NexPoint Homes 1,731 482,277 99 % No 221,488 23,674 $ 2,923,953 $ 1,678,365 (2)

Note 4 - Real Estate Assets (Ta

Note 4 - Real Estate Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Real Estate Properties [Table Text Block]	Land Buildings and improvements (1) Intangible lease assets Real estate held for sale, net Total Gross Real Estate, December 31, 2021 $ 334,191 $ 1,391,786 $ 971 $ 81 $ 1,727,029 Additions 200,026 991,626 (2) 3,986 8,986 1,204,624 Write-offs — — (799 ) — (799 ) Dispositions — — — (6,901 ) (6,901 ) Gross Real Estate, June 30, 2022 534,217 2,383,412 4,158 2,166 2,923,953 Accumulated depreciation and amortization — (113,383 ) (2,619 ) — (116,002 ) Net Real Estate, June 30, 2022 $ 534,217 $ 2,270,029 $ 1,539 $ 2,166 $ 2,807,951
Prager Portfolio [Member]
Notes Tables
Schedule of Real Estate Properties [Table Text Block]	Market State # of Homes Memphis TN, MS 743 Atlanta GA 741 Saint Louis MO 308 Pensacola FL 300 Raeford NC 250 Kansas City MO 230 Portales NM 150 Augusta GA, SC 67 Jacksonville FL 53 Total 2,842

Note 7 - Debt (Tables)

Note 7 - Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Debt [Table Text Block]	Outstanding Principal as of Type June 30, 2022 December 31, 2021 Interest Rate (1) Maturity Initial Mortgage Floating $ 241,222 $ 241,269 3.34 % 12/1/2025 Warehouse Facility Floating 750,000 160,000 3.49 % 11/3/2024 (3) JPM Facility Floating 315,000 240,000 4.35 % 3/1/2023 MetLife Note Fixed 124,554 124,689 3.25 % 1/31/2026 TrueLane Mortgage Fixed 10,312 10,387 5.35 % 2/1/2028 CoreVest Note Fixed 2,319 2,338 6.12 % 1/9/2023 Crestcore II Note Fixed 4,691 — 5.12 % 7/9/2029 Crestcore IV Note Fixed 4,170 — 5.12 % 7/9/2029 Hatchway Broadmoor Mortgage Fixed 4,609 — 5.35 % 2/1/2029 NexPoint Homes MetLife Note 1 Fixed 221,488 — 3.76 % 3/3/2027 SFR OP Convertible Notes Fixed 100,100 — 7.50 % 6/30/2027 $ 1,778,465 $ 778,683 Debt premium, net (2) 457 416 Deferred financing costs, net of accumulated amortization of $8,519 and $5,325, respectively (12,757 ) (10,554 ) $ 1,766,165 $ 768,545
Schedule of Maturities of Long-Term Debt [Table Text Block]	Total 2022 $ 927 2023 326,300 2024 8,617 2025 974,208 (1) 2026 125,052 Thereafter 343,361 Total $ 1,778,465

Note 8 - Fair Value of Deriva_2

Note 8 - Fair Value of Derivatives and Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Interest Rate Derivatives [Table Text Block]	Effective Date Expiration Date Counterparty Index (1) Notional Fixed Rate 7/1/2019 7/1/2024 KeyBank One-Month LIBOR $ 100,000 1.6290 % 9/1/2019 12/21/2025 KeyBank One-Month LIBOR 100,000 1.4180 % 9/1/2019 12/21/2025 KeyBank One-Month LIBOR 50,000 1.4190 % 2/3/2020 2/1/2025 KeyBank One-Month LIBOR 50,000 1.2790 % 3/2/2020 3/3/2025 KeyBank One-Month LIBOR 20,000 0.9140 % $ 320,000 1.4309 % (2) Effective Date Expiration Date Counterparty Index (1) Notional Fixed Rate 3/31/2022 11/1/2025 KeyBank Daily SOFR $ 100,000 1.5110 % 3/31/2022 11/1/2025 KeyBank Daily SOFR 100,000 1.9190 % 3/31/2022 11/1/2025 KeyBank Daily SOFR 50,000 2.4410 % 6/1/2022 11/1/2025 Mizuho Daily SOFR 100,000 2.6284 % 6/1/2022 11/1/2025 Mizuho Daily SOFR 100,000 2.9413 % 6/1/2022 11/1/2025 Mizuho Daily SOFR 100,000 2.7900 % $ 550,000 2.3655 % (2)
Derivatives Not Designated as Hedging Instruments [Table Text Block]	Derivative Notional Hedged Floating Rate Debt Index Index as of June 30, 2022 Strike Rate Interest Rate Cap $ 300,000 Warehouse Facility One-Month Term SOFR 1.6860 % 1.50 %
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	Asset Derivatives Liability Derivatives Balance Sheet Location June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 Derivatives designated as hedging instruments: Interest rate swaps Interest rate derivatives, at fair value $ 22,237 $ — $ 318 $ 3,590 Derivatives not designated as hedging instruments: Interest rate caps Interest rate derivatives, at fair value 14,743 — — — Total $ 36,980 $ — $ 318 $ 3,590

Note 9 - Stockholders' Equity (

Note 9 - Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Common Stock Outstanding Roll Forward [Table Text Block]	Quarter Ended Shares issued Proceeds DRIP reinvestment March 31, 2022 2,907,334 $ 149,369 $ 6,495 June 30, 2022 682,149 32,079 7,046 Total 3,589,483 $ 181,448 $ 13,541
Dividends Declared [Table Text Block]	Quarter Ended DRIP Shares Issued DRIP Dividend Cash Dividend Cash Dividend Accrued on RSUs (1) Total Dividend March 31, 2022 123,665 $ 6,495 $ 5,816 $ 219 $ 12,530 June 30, 2022 120,496 7,046 6,385 262 13,693 Total 244,161 $ 13,541 $ 12,201 $ 481 $ 26,223
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Dates Number of RSUs Value (1) Outstanding December 31, 2021 377,704 $ 12,405 Granted 185,111 10,022 Vested (53,821 ) (2) (1,845 ) Forfeited — — Outstanding June 30, 2022 508,994 $ 20,582
Share-Based Compensation Arrangements by Share-Based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block]	Vest Date RSUs Vesting December 10, 2022 18,425 February 15, 2023 22,717 February 17, 2023 30,412 May 11, 2023 21,335 December 10, 2023 18,426 February 15, 2024 22,717 February 17, 2024 22,100 May 11, 2024 21,335 February 14, 2025 22,717 February 17, 2025 22,100 February 17, 2026 22,100 Upon successful completion of IPO 264,610 508,994

Note 10 - Redeemable Noncontr_2

Note 10 - Redeemable Noncontrolling Interests in the OP (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Redeemable Noncontrolling Interest [Table Text Block]	Balances Redeemable noncontrolling interests in the OP, December 31, 2021 $ 196,362 Net loss attributable to redeemable noncontrolling interests in the OP (2,194 ) Contributions by redeemable noncontrolling interests in the OP 5,942 Distributions to redeemable noncontrolling interests in the OP (4,548 ) Redemptions by redeemable noncontrolling interests in the OP — Equity-based compensation 1,397 Other comprehensive income attributable to redeemable noncontrolling interests in the OP 3,946 Adjustment to reflect redemption value of redeemable noncontrolling interests in the OP 33,808 Redeemable noncontrolling interests in the OP, June 30, 2022 $ 234,713
Distributions Made to Limited Partner, by Distribution [Table Text Block]	Quarter Ended DRIP OP Units Issued OP DRIP Distribution OP Cash Distribution OP Distribution on PI Units Total OP Distribution March 31, 2022 8,896 $ 467 $ 1,477 $ 313 $ 2,257 June 30, 2022 8,639 501 1,477 313 2,291 Total 17,535 $ 968 $ 2,954 $ 626 $ 4,548
Share-Based Payment Arrangement, Activity [Table Text Block]	Dates Number of PI Units Value (1) Outstanding December 31, 2021 498,590 $ 16,965 Granted — — Vested (57,309 ) (1,964 ) Forfeited (11,933 ) (434 ) Outstanding June 30, 2022 429,348 $ 14,567
Share-based Compensation Arrangements by Share-based Payment Award, PI Units, Vested and Expected to Vest [Table Text Block]	Vest Date PI Units Vesting November 1, 2022 7,200 November 21, 2022 18,425 November 30, 2022 1,470 March 30, 2023 29,831 May 11, 2023 27,478 November 1, 2023 7,200 November 21, 2023 18,425 November 30, 2023 1,470 March 30, 2024 29,831 May 11, 2024 27,478 November 30, 2024 1,470 March 30, 2025 29,831 Upon successful completion of IPO* 229,239 429,348
Schedule of Limited Partners' Capital Account by Class [Table Text Block]	Period End Shares Outstanding OP Units Held by NCI Consolidated Shares and NCI OP Units Outstanding March 31, 2022 24,696,441 3,725,832 28,422,273 June 30, 2022 24,960,485 3,740,441 28,700,926

Note 11 - Redeemable Series A_2

Note 11 - Redeemable Series A Preferred Stock (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Temporary Equity [Table Text Block]	Preferred Shares Balances Redeemable Series A preferred stock, December 31, 2021 5,000,000 $ 120,896 Issuance of Redeemable Series A preferred stock — — Issuance costs related to Redeemable Series A preferred stock — — Net income attributable to Redeemable Series A preferred stockholders — 4,063 Dividends declared to Redeemable Series A preferred stockholders — (4,063 ) Accretion to redemption value — 365 Redeemable Series A preferred stock, June 30, 2022 5,000,000 $ 121,261

Note 13 - Related Party Trans_2

Note 13 - Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	For the Three Months Ended June 30, For the Six Months Ended June 30, Location on Financial Statements 2022 2021 2022 2021 Fees Incurred Property management fees Statement of Operations $ 3,331 $ 2,249 $ 6,442 $ 4,054 Acquisition fees Balance Sheet 1,015 972 6,055 6,946 Construction supervision fees Balance Sheet 4,446 1,692 7,620 3,014 Reimbursements Payroll and benefits Balance Sheet and Statement of Operations 6,573 3,709 12,468 6,788 Other reimbursements Balance Sheet and Statement of Operations 457 182 767 337 Totals $ 15,822 $ 8,804 $ 33,352 $ 21,139 Amount Gross investor equity raised subject to O&O $ 990,671 O&O collected and available for reimbursements $ 6,866 O&O Expenses reimbursed (6,864 ) O&O available for future reimbursements $ 2

Note 15 - Segment Information (

Note 15 - Segment Information (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	For the Three Months Ended June 30, 2022 2021 Revenues Expenses Net loss Revenues Expenses Net loss VineBrook $ 61,058 $ 69,749 $ (8,644 ) $ 39,821 $ 41,612 $ (2,007 ) NexPoint Homes 1,246 4,240 (2,994 ) — — — Total Company $ 62,304 $ 73,989 $ (11,638 ) $ 39,821 $ 41,612 $ (2,007 ) For the Six Months Ended June 30, 2022 2021 Revenues Expenses Net loss Revenues Expenses Net loss VineBrook $ 113,375 $ 124,786 $ (11,357 ) $ 70,449 $ 72,297 $ (2,148 ) NexPoint Homes 1,246 4,240 (2,994 ) — — — Total Company $ 114,621 $ 129,026 $ (14,351 ) $ 70,449 $ 72,297 $ (2,148 ) As of June 30, 2022 As of December 31, 2021 VineBrook NexPoint Homes Total Company VineBrook NexPoint Homes Total Company Assets Gross operating real estate investments $ 2,439,510 $ 482,277 $ 2,921,787 $ 1,726,948 $ — $ 1,726,948 Accumulated depreciation and amortization (115,208 ) (794 ) (116,002 ) (76,789 ) — (76,789 ) Net operating real estate investments 2,324,302 481,483 2,805,785 1,650,159 — 1,650,159 Real estate held for sale, net 2,166 — 2,166 81 — 81 Net real estate investments 2,326,468 481,483 2,807,951 1,650,240 — 1,650,240 Other assets 154,435 56,764 211,199 108,085 — 108,085 Total assets $ 2,480,903 $ 538,247 $ 3,019,150 $ 1,758,325 $ — $ 1,758,325 Liabilities Debt payable, net $ 1,445,007 $ 321,158 $ 1,766,165 $ 768,545 $ — $ 768,545 Other liabilities 101,331 8,237 109,568 89,574 — 89,574 Total liabilities $ 1,546,338 $ 329,395 $ 1,875,733 $ 858,119 $ — $ 858,119

Note 1 - Organization and Des_2

Note 1 - Organization and Description of Business (Details Textual) $ / shares in Units, $ in Thousands				3 Months Ended		5 Months Ended	6 Months Ended
	May 04, 2020	May 01, 2019 USD ($)	Nov. 01, 2018 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares	Mar. 31, 2022 USD ($)	Dec. 31, 2018 shares	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 USD ($)	Jun. 08, 2022	Feb. 08, 2022	Dec. 31, 2021 $ / shares	Aug. 28, 2018 USD ($) $ / shares shares
General Partners' Capital Account, Units Outstanding (in shares)				24,990,807			24,990,807
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares				$ 0.01			$ 0.01				$ 0.01
Proceeds from Issuance of Common Stock | $				$ 32,079	$ 149,369		$ 181,448
Number of States in which Entity Operates				20			20
The 2018 Long-Term Incentive Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance (in shares)						426,307
Share-based Compensation Arrangement by Share-based Payment Award, Yearly Increase in Number of Shares Authorized, Percentage of Outstanding Common Stock						10%
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Outstanding Stock Maximum						10%
Private Placement [Member]
Equity Offering, Maximum Number of Shares (in shares)												40,000,000
Equity Offering, Maximum Value | $												$ 1,000,000
Shares Issued, Price Per Share (in dollars per share) | $ / shares												$ 25
NexPoint Real Estate Advisors V, L.P. [Member]
Advisory Agreement, Renewal Term (Year)	1 year
VineBrook Homes, LLC [Member]
Management Agreement, Term (Year)							3 years
Management Agreement, Renewal Term (Year)							1 year
Consolidated Properties [Member]
Number of Real Estate Properties				23,674			23,674
Single Family [Member] | Consolidated Properties [Member]
Number of Real Estate Properties				23,674			23,674				16,891
Single Family [Member] | VineBrook Homes OP, LP [Member] | Consolidated Properties [Member]
Number of Real Estate Properties				21,943			21,943
Single Family [Member] | VineBrook Homes OP, LP [Member] | Discontinued Operations, Disposed of by Sale [Member]
Number of Real Estate Properties				184			184
Single Family [Member] | VineBrook Homes OP, LP [Member] | Discontinued Operations, Disposed of by Sale [Member] | Consolidated Properties [Member]
Number of Real Estate Properties				74			74
Single Family [Member] | NexPoint Homes [Member] | Consolidated Properties [Member]
Number of Real Estate Properties				1,731			1,731		1,242
Single Family [Member] | Acquisition of Additional Homes [Member] | Consolidated Properties [Member]
Number of Real Estate Properties										2,842
Single Family [Member] | Acquisition of Additional Homes [Member] | VineBrook Homes OP, LP [Member]
Number of Real Estate Properties				17,998			17,998
Single Family [Member] | Acquisition of Additional Homes [Member] | VineBrook Homes OP, LP [Member] | Consolidated Properties [Member]
Number of Real Estate Properties				5,126			5,126
Single Family [Member] | Acquisition of Additional Homes [Member] | NexPoint Homes [Member]
Number of Real Estate Properties				489			489
KeyBank N.A [Member] | Federal Home Loan Mortgage Corporation (Freddie Mac) Mortgage Loan [Member] | Initial Mortgage [Member]
Loans Payable to Bank, Total | $			$ 241,400
Formation Transaction [Member]
Number of Real Estate Properties			4,129
Business Combination, Consideration Transferred, Total | $			$ 330,200
Business Combination, Acquisition Related Costs | $			6,000
NexPoint Real Estate Opportunities, LLC [Member]
Proceeds from Partnership Contribution | $			70,700
VineBrook Contributors [Member]
Proceeds from Issuance or Sale of Equity, Total | $			$ 8,600
Common Class A [Member]
General Partners' Capital Account, Units Outstanding (in shares)				21,250,366			21,250,366
Limited Partners' Capital Account, Units Outstanding (in shares)				21,250,366			21,250,366
Common Stock, Shares Subscribed but Unissued (in shares)			1,097,367
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares			$ 0.01
Proceeds from Issuance of Common Stock | $			$ 27,400				$ 153,167	$ 167,833
Common Class A [Member] | VineBrook Homes OP GP, LLC [Member]
Partners' Capital Account, Unit Voting Percentage				50%			50%
Common Class A [Member] | VineBrook Homes OP GP, LLC [Member] | VineBrook Contributors [Member]
Increase (Decrease) in Partners' Capital, Total | $		$ 1,400
Common Class B [Member] | VineBrook Homes OP GP, LLC [Member]
Partners' Capital Account, Unit Voting Percentage				50%			50%
Common Class B [Member] | VineBrook Homes OP GP, LLC [Member] | NexPoint Real Estate Opportunities, LLC [Member]
Limited Partners' Capital Account, Units Outstanding (in shares)				2,691,330			2,691,330
Common Class B [Member] | VineBrook Homes Trust, Inc [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners				85%			85%
Common Class B [Member] | NexPoint Real Estate Opportunities, LLC [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners				10.80%			10.80%
Limited Partners' Capital Account, Units Outstanding (in shares)				88,268			88,268
Common Class C [Member] | GAF REIT, LLC [Member]
Limited Partners' Capital Account, Units Outstanding (in shares)				139,296			139,296
Common Class C [Member] | VineBrook Contributors [Member]
Limited Partners' Capital Account, Units Outstanding (in shares)				821,547			821,547
Common Class C [Member] | VineBrook Homes OP GP, LLC [Member] | NexPoint Real Estate Opportunities, LLC [Member]
Limited Partners' Capital Account, Units Outstanding (in shares)				88,268			88,268
Common Class C [Member] | VineBrook Homes OP GP, LLC [Member] | GAF REIT, LLC [Member]
Limited Partners' Capital Account, Units Outstanding (in shares)				139,296			139,296
Common Class C [Member] | VineBrook Homes OP GP, LLC [Member] | NexPoint Real Estate Strategies Fund [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners				0.40%			0.40%
Common Class C [Member] | VineBrook Homes OP GP, LLC [Member] | GAF REIT, LLC [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners				0.60%			0.60%
Common Class C [Member] | VineBrook Homes OP GP, LLC [Member] | VineBrook Contributors [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners				3.20%			3.20%

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($) shares	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($) shares	Dec. 31, 2021 USD ($)
Impairment of Real Estate	$ 0	$ 0	$ 0	$ 0
Operating Lease, Variable Lease Income	$ 2,500	$ 1,300	$ 4,700	$ 2,400
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | shares	4,337,000	4,049,000	4,287,000	3,970,000
Number of Reportable Segments			2		1
Series A Preferred Stock [Member]
Preferred Stock, Dividend Rate, Percentage			6.50%
Intangible Lease Assets [Member]
Amortization, Total	$ 2,000	$ 2,600	$ 2,900	$ 3,600
Intangible Lease Assets [Member]
Finite-Lived Intangible Assets, Gross, Total	4,200		4,200		$ 1,000
Finite-Lived Intangible Assets, Accumulated Amortization	$ 2,600		$ 2,600		$ 500
NexPoint Homes [Member]
Noncontrolling Interest, Ownership Percentage by Parent	99%		99%
VineBrook Homes OP, LP [Member] | NexPoint Homes [Member]
Noncontrolling Interest, Ownership Percentage by Parent	99%		99%

Note 2 - Summary of Significa_4

Note 2 - Summary of Significant Accounting Policies - Estimated Useful Life of Real Estate (Details)	6 Months Ended
	Jun. 30, 2022
Improvements and Other Assets [Member] | Minimum [Member]
Estimated useful life (Year)	3 years
Improvements and Other Assets [Member] | Maximum [Member]
Estimated useful life (Year)	15 years
Building [Member]
Estimated useful life (Year)	27 years 6 months
Intangible Lease Assets [Member]
Estimated useful life (Year)	6 months

Note 2 - Summary of Significa_5

Note 2 - Summary of Significant Accounting Policies - Cash and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Cash	$ 81,793	$ 54,104	$ 43,901
Restricted cash	21,560	20,893	20,515
Total cash and restricted cash	$ 103,353	$ 74,997	$ 64,416

Note 2 - Summary of Significa_6

Note 2 - Summary of Significant Accounting Policies - Computation of Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net loss		$ (11,638)	$ (2,007)	$ (14,351)	$ (2,148)
Dividends on and accretion to redemption value of Redeemable Series A preferred stock		2,219	2,207	4,428	4,413
Net loss attributable to common stockholders		$ (10,895)	$ (3,748)	$ (15,394)	$ (6,060)
Weighted average common shares outstanding - basic (in shares)		25,241	12,812	24,250	11,621
Weighted average unvested RSUs, PI Units, and OP Units (1) (in shares)	[1]	0	0	0	0
Weighted average common shares outstanding - diluted (in shares)		25,241	12,812	24,250	11,621
Loss per share - basic (in dollars per share)		$ (0.43)	$ (0.29)	$ (0.63)	$ (0.52)
Loss per share - diluted (in dollars per share)		$ (0.43)	$ (0.29)	$ (0.63)	$ (0.52)
VineBrook Homes OP, LP [Member]
Net loss attributable to redeemable noncontrolling interests in the OP		$ (1,771)	$ (466)	$ (2,194)	$ (501)
Variable Interest Entity, Primary Beneficiary [Member]
Net loss attributable to redeemable noncontrolling interests in the OP		$ (1,191)	$ 0	$ (1,191)	$ 0
[1]For the three months ended June 30, 2022 and 2021, excludes approximately 4,337,000 shares and 4,049,000 shares, respectively, related to the assumed vesting of RSUs and PI Units and the conversion of OP Units and vested PI Units to Shares, as the effect would have been anti-dilutive. For the six months ended June 30, 2022 and 2021, excludes approximately 4,287,000 shares and 3,970,000 shares, respectively, related to the assumed vesting of RSUs and PI Units and the conversion of OP Units and vested PI Units to Shares, as the effect would have been anti-dilutive.

Note 3 - Investments in Subsi_3

Note 3 - Investments in Subsidiaries (Details Textual) $ in Millions	Jun. 30, 2022 USD ($)	Jun. 08, 2022	Dec. 31, 2021
NexPoint Homes [Member] | SFR OP Convertible Notes [Member]
Unsecured Debt, Total	$ 100.1
Consolidated Properties [Member]
Number of Real Estate Properties	23,674
Single Family [Member] | Consolidated Properties [Member]
Number of Real Estate Properties	23,674		16,891
Single Family [Member] | Consolidated Properties [Member] | VineBrook Homes OP, LP [Member]
Number of Real Estate Properties	21,943
Single Family [Member] | Consolidated Properties [Member] | NexPoint Homes [Member]
Number of Real Estate Properties	1,731	1,242

Note 3 - Investments in Subsi_4

Note 3 - Investments in Subsidiaries - Schedule of Subsidiaries (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Subsidiaries [Member]
Debt allocated	$ 1,678,365	[1]
Consolidated Properties [Member]
Homes	23,674
Cost basis	$ 2,923,953
NREA VB I, LLC [Member]
Homes	66
Cost basis	$ 6,026
Ownership %	100%
Debt allocated	$ 5,048
NREA VB II, LLC [Member]
Homes	167
Cost basis	$ 16,523
Ownership %	100%
Debt allocated	$ 10,742
NREA VB III, LLC [Member]
Homes	1,322
Cost basis	$ 121,252
Ownership %	100%
Debt allocated	$ 71,115
NREA VB IV, LLC [Member]
Homes	385
Cost basis	$ 37,345
Ownership %	100%
Debt allocated	$ 24,283
NREA VB V, LLC [Member]
Homes	1,829
Cost basis	$ 126,777
Ownership %	100%
Debt allocated	$ 108,384
NREA VB VI, LLC [Member]
Homes	302
Cost basis	$ 27,898
Ownership %	100%
Debt allocated	$ 18,661
NREA VB VII, LLC [Member]
Homes	36
Cost basis	$ 3,059
Ownership %	100%
Debt allocated	$ 2,989
True FM2017-1, LLC [Member]
Homes	211
Cost basis	$ 18,735
Ownership %	100%
Debt allocated	$ 10,312
SMP Homes 3B, LLC [Member]
Homes	160
Cost basis	$ 17,318
Ownership %	100%
Debt allocated	$ 0
SMP Homes 5B, LLC [Member]
Homes	46
Cost basis	$ 4,770
Ownership %	100%
Debt allocated	$ 2,319
VB One, LLC [Member]
Homes	11,408
Cost basis	$ 1,329,924
Ownership %	100%
Debt allocated	$ 750,000
VB Two, LLC [Member]
Homes	1,853
Cost basis	$ 167,544
Ownership %	100%
Debt allocated	$ 124,554
VB Three, LLC [Member]
Homes	3,890
Cost basis	$ 538,680
Ownership %	100%
Debt allocated	$ 315,000
VB Five, LLC [Member]
Homes	268
Cost basis	$ 25,825
Ownership %	100%
Debt allocated	$ 13,470
NexPoint Homes [Member]
Homes	1,731
Cost basis	$ 482,277
Ownership %	99%
Debt allocated	$ 221,488
[1]In addition to the debt allocated to the SPEs noted above, as of June 30, 2022, NexPoint Homes had approximately $100.1 million of debt not collateralized directly by homes which reflects the amount outstanding on the SFR OP Convertible Notes (as defined in Note 13) as of June 30, 2022.

Note 4 - Real Estate Assets (De

Note 4 - Real Estate Assets (Details Textual) $ in Thousands			3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 18, 2022 USD ($)	Feb. 08, 2022 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Jun. 08, 2022
Number of Reportable Segments					2		1
Interest Costs Capitalized					$ 4,900
Capitalized Costs, Other					3,900
Depreciation, Total			$ 22,200	$ 9,900	37,200	$ 16,900
Real Estate, Held-for-Sale			$ 2,166		$ 2,166		$ 81
Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Number of Real Estate Properties			28		28
VineBrook Homes OP, LP [Member]
Real Estate, Held-for-Sale			$ 2,166		$ 2,166		81
NexPoint Homes [Member]
Real Estate, Held-for-Sale			$ 0		$ 0		$ 0
Single Family [Member] | VineBrook Homes OP, LP [Member] | Discontinued Operations, Disposed of by Sale [Member]
Number of Real Estate Properties			184		184
Single Family [Member] | VineBrook Homes OP, LP [Member] | Acquisition of Additional Homes [Member]
Number of Real Estate Properties			17,998		17,998
Single Family [Member] | NexPoint Homes [Member] | Acquisition of Additional Homes [Member]
Number of Real Estate Properties			489		489
Consolidated Properties [Member]
Number of Real Estate Properties			23,674		23,674
Consolidated Properties [Member] | Single Family [Member]
Number of Real Estate Properties			23,674		23,674		16,891
Consolidated Properties [Member] | Single Family [Member] | Acquisition of Additional Homes [Member]
Number of Real Estate Properties		2,842
Payments to Acquire Real Estate, Total		$ 352,700
Payment for Debt Extinguishment or Debt Prepayment Cost		(31,400)
Payments for Costs to Acquire Real Estate		$ 3,700
Consolidated Properties [Member] | Single Family [Member] | Acquisition of Crest Portfolio [Member]
Number of Real Estate Properties	170
Payments to Acquire Real Estate, Total	$ 17,100
Consolidated Properties [Member] | Single Family [Member] | VineBrook Homes OP, LP [Member]
Number of Real Estate Properties			21,943		21,943
Consolidated Properties [Member] | Single Family [Member] | VineBrook Homes OP, LP [Member] | Discontinued Operations, Disposed of by Sale [Member]
Number of Real Estate Properties			74		74
Consolidated Properties [Member] | Single Family [Member] | VineBrook Homes OP, LP [Member] | Acquisition of Additional Homes [Member]
Number of Real Estate Properties			5,126		5,126
Consolidated Properties [Member] | Single Family [Member] | NexPoint Homes [Member]
Number of Real Estate Properties			1,731		1,731			1,242

Note 4 - Real Estate Assets - S

Note 4 - Real Estate Assets - Schedule of Real Estate Investments (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Gross Real Estate, beginning balance	$ 1,727,029
Additions	1,204,624
Write-offs	(799)
Dispositions	(6,901)
Gross Real Estate, ending balance	2,923,953
Accumulated depreciation and amortization	(116,002)
Net Real Estate, June 30, 2022	2,807,951
Land [Member]
Gross Real Estate, beginning balance	334,191
Additions	200,026
Write-offs	0
Dispositions	0
Gross Real Estate, ending balance	534,217
Accumulated depreciation and amortization	0
Net Real Estate, June 30, 2022	534,217
Building and Building Improvements [Member]
Gross Real Estate, beginning balance	1,391,786	[1]
Additions	991,626	[1],[2]
Write-offs	0	[1]
Dispositions	0	[1]
Gross Real Estate, ending balance	2,383,412	[1]
Accumulated depreciation and amortization	(113,383)	[1]
Net Real Estate, June 30, 2022	2,270,029	[1]
Intangible Lease Assets [Member]
Gross Real Estate, beginning balance	971
Additions	3,986
Write-offs	(799)
Dispositions	0
Gross Real Estate, ending balance	4,158
Accumulated depreciation and amortization	(2,619)
Net Real Estate, June 30, 2022	1,539
Real Estate Held for Sale [Member]
Gross Real Estate, beginning balance	81
Additions	8,986
Write-offs	0
Dispositions	(6,901)
Gross Real Estate, ending balance	2,166
Accumulated depreciation and amortization	0
Net Real Estate, June 30, 2022	$ 2,166
[1]Includes capitalized interest, real estate taxes, insurance and other costs incurred during rehabilitation of the properties.[2]Includes capitalized interest of approximately $4.9 million and other capitalizable costs of approximately $3.9 million.

Note 4 - Real Estate Assets - R

Note 4 - Real Estate Assets - Real Estate Purchased (Details) - Prager Portfolio [Member]	Feb. 08, 2022
Number of homes	2,842
Memphis, TN, MS [Member]
Number of homes	743
Atlanta, GA [Member]
Number of homes	741
Saint Louis, MO [Member]
Number of homes	308
Pensacola, FL [Member]
Number of homes	300
Raeford, NC [Member]
Number of homes	250
Kansas City, MO [Member]
Number of homes	230
Portales, NM [Member]
Number of homes	150
Augusta, GA and SC [Member]
Number of homes	67
Jacksonville, FL [Member]
Number of homes	53

Note 5 - NexPoint Homes Inves_2

Note 5 - NexPoint Homes Investment (Details Textual) - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended
	Jun. 08, 2022	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Nov. 01, 2018
Equity Method Investments		$ 2,500		$ 2,500
Payments to Acquire Interest in Subsidiaries and Affiliates, Total		$ 47,022	$ 0
Common Stock, Par or Stated Value Per Share (in dollars per share)		$ 0.01		$ 0.01
General Partners' Capital Account, Units Outstanding (in shares)		24,990,807
Long-Term Debt, Gross		$ 1,778,465		$ 778,683
NexPoint Homes MetLife Note 1 [Member]
Long-Term Debt, Gross		221,488		$ 0
NexPoint Homes MetLife Note 1 [Member] | NexPoint Homes [Member]
Long-Term Debt, Gross		$ 221,500
NexPoint Homes MetLife Note 1 [Member] | NexPoint Homes [Member] | Collateralized by Stabilized Properties [Member]
Debt Instrument, Interest Rate, Stated Percentage	3.72%
NexPoint Homes MetLife Note 1 [Member] | NexPoint Homes [Member] | Collateralized by Non-stabilized Properties [Member]
Debt Instrument, Interest Rate, Stated Percentage	4.47%
Common Class A [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share)					$ 0.01
General Partners' Capital Account, Units Outstanding (in shares)		21,250,366
NexPoint Homes [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01
Shares Issued, Price Per Share (in dollars per share)	$ 25
NexPoint Homes [Member] | VineBrook Homes OP, LP [Member]
Proceeds from Issuance of Long-Term Debt, Total	$ 50,000
Debt Instrument, Face Amount	$ 50,000
Debt Instrument, Interest Rate, Stated Percentage	7.50%
NexPoint Homes [Member]
Noncontrolling Interest, Ownership Percentage by Parent		99%
NexPoint Homes [Member] | VineBrook Homes OP, LP [Member]
Noncontrolling Interest, Ownership Percentage by Parent		99%
Percentage of Outstanding Shares Owned		99.20%
NexPoint Homes [Member] | VineBrook Homes OP, LP [Member]
Payments to Acquire Interest in Subsidiaries and Affiliates, Total	$ 50,000
NexPoint Homes [Member] | VineBrook Homes OP, LP [Member] | Common Class A [Member]
Investment Owned, Balance, Shares (in shares)	2,000,000
NexPoint SFR Operating Partnership, L.P. [Member] | NexPoint Homes [Member]
Payments to Acquire Interest in Subsidiaries and Affiliates, Total	$ 50,000
General Partners' Capital Account, Units Outstanding (in shares)	2,000,000
The Ensign Notes [Member]
Equity Method Investments		$ 100,800

Note 6 - Investment, at Fair _2

Note 6 - Investment, at Fair Value (Details Textual) - Vesta Ventures Fund I, LP [Member] - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Nov. 22, 2021
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures, Total		$ 2,500
Unrealized Gain (Loss) on Investments, Total	$ 0

Note 7 - Debt (Details Textual)

Note 7 - Debt (Details Textual) $ in Thousands					3 Months Ended		6 Months Ended
	Apr. 08, 2022 USD ($)	Mar. 01, 2021 USD ($)	Sep. 20, 2019	Nov. 01, 2018 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Mar. 18, 2022 USD ($)	Feb. 08, 2022 USD ($)	Jan. 13, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jan. 06, 2021 USD ($)	Dec. 28, 2020 USD ($)	Sep. 30, 2019 USD ($)
Notes Payable, Total					$ 711,498		$ 711,498					$ 376,842
Gain (Loss) on Extinguishment of Debt, Total					(1,001)	$ 0	(1,001)	$ 0
Long-Term Debt, Total					$ 1,766,165		$ 1,766,165					768,545
LIBOR Rate					1.7867%		1.7867%
Daily SOFR Rate					1.50%		1.50%
Term SOFR Rate					1.686%		1.686%
Write off of Deferred Debt Issuance Cost							$ 1,000	0
Interest Expense [Member]
Amortization of Debt Issuance Costs					$ 1,800	$ 1,100	$ 3,300	$ 1,600
Interest Rate Swap [Member]
Debt, Weighted Average Interest Rate					2.0217%		2.0217%
Derivative, Notional Amount					$ 870,000		$ 870,000
NexPoint Homes [Member]
Long-Term Debt, Total					321,600		321,600
Prager Portfolio [Member]
Number of Real Estate Properties										2,842
Line of Credit [Member]
Long-Term Line of Credit, Total					1,054,667		$ 1,054,667					$ 391,703
Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate							1.60%
Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate							2.45%
NexPoint Homes MetLife Note 1 [Member] | NexPoint Homes [Member]
Long-Term Debt, Total					221,500		$ 221,500
SFR OP Convertible Notes [Member] | NexPoint Homes [Member]
Long-Term Debt, Total					$ 100,100		$ 100,100
Debt, Without Effect of Derivative Financial Instruments [Member]
Debt, Weighted Average Interest Rate					3.8895%		3.8895%					2.3707%
Debt, Including Effect of Derivative Financial Instruments [Member]
Debt, Weighted Average Interest Rate					4.0931%		4.0931%					2.9171%
KeyBank N.A [Member] | Prager Portfolio [Member]
Line of Credit Facility, Maximum Borrowing Capacity										$ 150,000
Gain (Loss) on Extinguishment of Debt, Total	$ (1,000)
KeyBank N.A [Member] | Warehouse Facility [Member] | Line of Credit [Member]
Long-Term Line of Credit, Total					$ 750,000		$ 750,000
KeyBank N.A [Member] | Warehouse Facility [Member] | VB One, LLC [Member] | Line of Credit [Member]
Debt Instrument, Term, Interest-only (Month)			36 months
Debt Instrument, Extension Term (Month)			12 months
Line of Credit Facility, Maximum Increase in Borrowing Capacity					1,200,000		$ 1,200,000
KeyBank N.A [Member] | Warehouse Facility [Member] | VB One, LLC [Member] | Line of Credit [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate							0.10%
KeyBank N.A [Member] | Federal Home Loan Mortgage Corporation (Freddie Mac) Mortgage Loan [Member] | Initial Mortgage [Member]
Loans Payable to Bank, Total				$ 241,400
Debt Instrument, Basis Spread on Variable Rate				1.55%
Debt Instrument, Term, Interest-only (Month)				48 months
Debt Instrument, Amortization of Principal Term (Month)				36 months
Berkadia Commercial Mortgage LLC [Member] | Federal Home Loan Mortgage Corporation (Freddie Mac) Mortgage Loan [Member] | TruLane Mortgage [Member]
Number of Real Estate Properties															954
Loans Payable, Total															$ 10,800
Debt Instrument, Interest Rate, Stated Percentage															5.35%
CoreVest American Finance Lender LLC [Member] | CoreVest Note [Member]
Number of Real Estate Properties														45
Loans Payable, Total														$ 2,400
Debt Instrument, Interest Rate, Stated Percentage														6.12%
CoreVest American Finance Lender LLC [Member] | Crestcore II Note [Member]
Number of Real Estate Properties									88
Debt Instrument, Interest Rate, Stated Percentage									5.12%
Debt Instrument, Face Amount									$ 4,700
CoreVest American Finance Lender LLC [Member] | Crestcore IV Note [Member]
Number of Real Estate Properties									82
Debt Instrument, Interest Rate, Stated Percentage									5.12%
Debt Instrument, Face Amount									$ 4,200
Metropolitan Life Insurance [Member] | MetLife Note [Member] | VB Two, LLC [Member]
Debt Instrument, Interest Rate, Stated Percentage													3.25%
Notes Payable, Total													$ 125,000
JP Morgan [Member] | JPM Facility [Member]
Line of Credit Facility, Remaining Borrowing Capacity					$ 185,000		$ 185,000
JP Morgan [Member] | JPM Facility [Member] | VB Three, LLC [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 500,000
JP Morgan [Member] | JPM Facility [Member] | VB Three, LLC [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate		2.85%
JP Morgan [Member] | JPM Facility [Member] | VB Three, LLC [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		2.75%
Arbor Agency Lending, LLC [Member] | Hatchway Broadmoor Mortgage [Member]
Number of Real Estate Properties											98
Debt Instrument, Interest Rate, Stated Percentage											5.35%
Debt Instrument, Face Amount											$ 4,600

Note 7 - Debt - Summary of Debt

Note 7 - Debt - Summary of Debt (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Debt, gross		$ 1,778,465	$ 778,683
Debt premium, net	[1]	457	416
Deferred financing costs, net of accumulated amortization of $8,519 and $5,325, respectively		(12,757)	(10,554)
Long-Term Debt, Total		1,766,165	768,545
Initial Mortgage [Member]
Debt, gross		$ 241,222	241,269
Interest rate	[2]	3.34%
Warehouse Facility [Member]
Debt, gross		$ 750,000	160,000
Interest rate	[2]	3.49%
JPM Facility [Member]
Debt, gross		$ 315,000	240,000
Interest rate	[2]	4.35%
MetLife Note [Member]
Debt, gross		$ 124,554	124,689
Interest rate	[2]	3.25%
TruLane Mortgage [Member]
Debt, gross		$ 10,312	10,387
Interest rate	[2]	5.35%
CoreVest Note [Member]
Debt, gross		$ 2,319	2,338
Interest rate	[2]	6.12%
Crestcore II Note [Member]
Debt, gross		$ 4,691	0
Interest rate	[2]	5.12%
Crestcore IV Note [Member]
Debt, gross		$ 4,170	0
Interest rate	[2]	5.12%
Hatchway Broadmoor Mortgage [Member]
Debt, gross		$ 4,609	0
Interest rate	[2]	5.35%
NexPoint Homes MetLife Note 1 [Member]
Debt, gross		$ 221,488	0
Interest rate	[2]	3.76%
SFR OP Convertible Notes [Member]
Debt, gross		$ 100,100	$ 0
Interest rate	[2]	7.50%
[1]The Company reflected valuation adjustments on its assumed fixed rate debt to adjust it to fair market value on the dates of acquisition for the difference between the fair value and the assumed principal amount of debt. The difference is amortized into interest expense over the remaining terms of the debt.[2]Represents the interest rate as of June 30, 2022. Except for fixed rate debt, the interest rate is one-month LIBOR, daily SOFR or one-month term SOFR, plus an applicable margin. One-month LIBOR as of June 30, 2022 was 1.7867%, daily SOFR as of June 30, 2022 was 1.5000% and one-month term SOFR as of June 30, 2022 was 1.6860%.

Note 7 - Debt - Aggregate Sched

Note 7 - Debt - Aggregate Scheduled Maturities (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
2022		$ 927
2023		326,300
2024		8,617
2025	[1]	974,208
2026		125,052
Thereafter		343,361
Total		$ 1,778,465	$ 778,683
[1]Assumes the Company exercises the 12-month extension option on the Warehouse Facility.

Note 8 - Fair Value of Deriva_3

Note 8 - Fair Value of Derivatives and Financial Instruments (Details Textual) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Apr. 13, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
LIBOR Rate		1.7867%		1.7867%
Daily SOFR Rate		1.50%		1.50%
Combined Weighted Average of LIBOR and SOFR Rates		2.0217%		2.0217%
Payments for Derivative Instrument Premium, Financing Activities				$ 12,673	$ 0
Interest Rate Swap [Member]
Derivative, Number of Instruments Held, Total		11		11
Derivative, Notional Amount		$ 870,000		$ 870,000
Unrealized Gain (Loss) on Derivatives		$ 8,700	$ (100)	$ 25,500	$ 6,300
Payments for Derivative Instrument Premium, Financing Activities	$ 12,700
Interest Rate Swap [Member] | London Interbank Offered Rate (LIBOR) [Member]
Derivative, Variable Interest Rate		2.0217%		2.0217%
Interest Rate Cap [Member]
Derivative, Notional Amount	$ 300,000
Unrealized Gain (Loss) on Derivatives		$ 2,100		$ 2,100

Note 8 - Fair Value of Deriva_4

Note 8 - Fair Value of Derivatives and Financial Instruments - Outstanding Interest Rate Swaps Designated as Cash Flow Hedges (Details) - Designated as Hedging Instrument [Member] $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Interest Rate Swap Effective July 1, 2019 [Member]
Derivative, expiration date	Jul. 01, 2024
Derivative, notional amount	$ 100
Derivative, fixed rate	1.629%
First Interest Rate Swap Effective March 31, 2022 [Member]
Derivative, expiration date	Nov. 01, 2025
Derivative, notional amount	$ 100
Derivative, fixed rate	1.511%
First Interest Rate Swap Effective September 1, 2019 [Member]
Derivative, expiration date	Dec. 21, 2025
Derivative, notional amount	$ 100
Derivative, fixed rate	1.418%
Second Interest Rate Swap Effective March 31, 2022 [Member]
Derivative, expiration date	Nov. 01, 2025
Derivative, notional amount	$ 100
Derivative, fixed rate	1.919%
Second Interest Rate Swap Effective September 1, 2019 [Member]
Derivative, expiration date	Dec. 21, 2025
Derivative, notional amount	$ 50
Derivative, fixed rate	1.419%
Third Interest Rate Swap Effective March 31, 2022 [Member]
Derivative, expiration date	Nov. 01, 2025
Derivative, notional amount	$ 50
Derivative, fixed rate	2.441%
Interest Rate Swap Effective February 3, 2020 [Member]
Derivative, expiration date	Feb. 01, 2025
Derivative, notional amount	$ 50
Derivative, fixed rate	1.279%
First Interest Rate Swap Effective June 1, 2022 [Member]
Derivative, expiration date	Nov. 01, 2025
Derivative, notional amount	$ 100
Derivative, fixed rate	2.6284%
Interest Rate Swap Effective March 2, 2020 [Member]
Derivative, expiration date	Mar. 03, 2025
Derivative, notional amount	$ 20
Derivative, fixed rate	0.914%
Second Interest Rate Swap Effective June 1, 2022 [Member]
Derivative, expiration date	Nov. 01, 2025
Derivative, notional amount	$ 100
Derivative, fixed rate	2.9413%
Third Interest Rate Swap Effective June 1, 2022 [Member]
Derivative, expiration date	Nov. 01, 2025
Derivative, notional amount	$ 100
Derivative, fixed rate	2.79%
Derivatives Effective for 2019 and 2020 [Member]
Derivative, notional amount	$ 320	[1]
Derivative, fixed rate	1.4309%	[2]
Derivatives Effective for 2022 [Member]
Derivative, notional amount	$ 550	[1]
Derivative, fixed rate	2.3655%	[2]
[1]As of June 30, 2022, one-month LIBOR was 1.7867% and daily SOFR was 1.5000%.[2]Represents the weighted average fixed rate of the interest rate swaps for one-month LIBOR interest rate swaps and daily SOFR interest rate swaps, respectively, which have a combined weighted average fixed rate of 2.0217%.

Note 8 - Fair Value of Deriva_5

Note 8 - Fair Value of Derivatives and Financial Instruments - Derivatives Not Designated as Hedges (Details) - Interest Rate Cap [Member] - USD ($) $ in Billions	Jun. 30, 2022	Apr. 13, 2022
Derivative, notional amount		$ 0.3
Not Designated as Hedging Instrument [Member]
Derivative, notional amount	$ 0.3
strike rate	1.50%
Not Designated as Hedging Instrument [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Interest rate index	1.686%

Note 8 - Fair Value of Deriva_6

Note 8 - Fair Value of Derivatives and Financial Instruments - Derivative Financial Instruments Classification (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Asset derivatives	$ 36,662	$ 0
Liability derivatives	0	3,590
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Asset derivatives	22,237	0
Liability derivatives	318	3,590
Interest Rate Cap [Member] | Not Designated as Hedging Instrument [Member]
Asset derivatives	14,743	0
Liability derivatives	0	0
Interest Rate Derivative [Member]
Asset derivatives	36,980	0
Liability derivatives	$ 318	$ 3,590

Note 9 - Stockholders' Equity_2

Note 9 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Millions					3 Months Ended		6 Months Ended
	Feb. 17, 2022	Feb. 15, 2021	May 11, 2020	Dec. 10, 2019	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net Asset Value Per Share, Ending Balance (in dollars per share)					$ 62.75		$ 62.75
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture, Total (in shares)							49,516
The 2018 Long-Term Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	185,111	191,506	179,858	73,700			185,111
Net Asset Value Per Share, Ending Balance (in dollars per share)	$ 54.14	$ 36.56	$ 30.82	$ 29.85
The 2018 Long-Term Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member] | General and Administrative Expense [Member]
Share-Based Payment Arrangement, Expense					$ 0.9	$ 0.6	$ 1.7	$ 1.1
The 2018 Long-Term Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)							4 years
The 2018 Long-Term Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Employee [Member] | Vesting Ratably Over Four Years [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	4 years	4 years	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	50%	50%	50%
The 2018 Long-Term Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Employee [Member] | Vesting Upon Successful Completion of Initial Public Offering [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	50%	50%	50%
The 2018 Long-Term Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Nonemployee [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)							1 year

Note 9 - Stockholders' Equity -

Note 9 - Stockholders' Equity - Share Issuances (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022
Shares issued (in shares)	682,149	2,907,334	3,589,483
Cash proceeds	$ 32,079	$ 149,369	$ 181,448
DRIP reinvestment	$ 7,046	$ 6,495	$ 13,541

Note 9 - Stockholders' Equity_3

Note 9 - Stockholders' Equity - Dividends (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022		Jun. 30, 2022	Jun. 30, 2021
DRIP shares issued (in shares)	120,496	123,665		244,161
DRIP dividend	$ 7,046	$ 6,495		$ 13,541	$ 6,333
Cash dividend	6,385	5,816		12,201
Cash dividend accrued on RSUs	262	219	[1]	481
Total dividends	$ 13,693	$ 12,530		$ 26,223
[1]Included in accounts payable and other accrued liabilities on the consolidated balance sheets.

Note 9 - Stockholders' Equity_4

Note 9 - Stockholders' Equity - Number of RSUs Outstanding (Details) - Restricted Stock Units (RSUs) [Member] - The 2018 Long-Term Incentive Plan [Member] - USD ($) $ in Thousands						6 Months Ended
		Feb. 17, 2022	Feb. 15, 2021	May 11, 2020	Dec. 10, 2019	Jun. 30, 2022	Dec. 31, 2021
Outstanding, number of RSUs (in shares)						377,704
Outstanding, value	[1]					$ 20,582	$ 12,405
Granted, number of RSUs (in shares)		185,111	191,506	179,858	73,700	185,111
Granted, value	[1]					$ 10,022
Vested, number of RSUs (in shares)	[2]					(53,821)
Vested, value	[1]					$ (1,845)
Forfeited, number of RSUs (in shares)						0
Outstanding, number of RSUs (in shares)						508,994
[1]Value is based on the number of RSUs granted multiplied by the most recent NAV per share on the date of grant, which was $54.14 for the February 17, 2022 grant, $36.56 for the February 15, 2021 grant, $30.82 for the May 11, 2020 grant, and $29.85 for the December 10, 2019 grant.[2]Certain grantees elected to net the taxes owed upon vesting against the Shares issued resulting in 30,264 Shares being issued as shown on the consolidated statements of stockholders' equity.

Note 9 - Stockholders' Equity_5

Note 9 - Stockholders' Equity - Vesting Schedule of RSUs (Details) - Restricted Stock Units (RSUs) [Member] - The 2018 Long-Term Incentive Plan [Member]	Jun. 30, 2022 shares
Vesting May 11, 2022 [Member]
RSUs vesting (in shares)	18,425
Vesting February 15, 2023 [Member]
RSUs vesting (in shares)	22,717
Vesting February 17, 2023 [Member]
RSUs vesting (in shares)	30,412
Vesting December 10, 2022 [Member]
RSUs vesting (in shares)	21,335
Vesting May 11, 2023 [Member]
RSUs vesting (in shares)	18,426
Vesting February 15, 2024 [Member]
RSUs vesting (in shares)	22,717
Vesting February 17, 2024 [Member]
RSUs vesting (in shares)	22,100
Vesting December 10, 2023 [Member]
RSUs vesting (in shares)	21,335
Vesting February 14, 2025 [Member]
RSUs vesting (in shares)	22,717
Vesting February 17, 2025 [Member]
RSUs vesting (in shares)	22,100
Vesting February 17, 2026 [Member]
RSUs vesting (in shares)	22,100
Vesting Upon Successful Completion of Initial Public Offering [Member]
RSUs vesting (in shares)	264,610
Vesting May 11, 2024 [Member]
RSUs vesting (in shares)	508,994

Note 10 - Redeemable Noncontr_3

Note 10 - Redeemable Noncontrolling Interests in the OP (Details Textual) - USD ($) $ / shares in Units, $ in Thousands						1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	May 31, 2021	Nov. 30, 2020	May 11, 2020	Nov. 21, 2019	Apr. 19, 2019	May 31, 2020	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2019	Dec. 31, 2021
Variable Interest Entity, Primary Beneficiary [Member]
Proceeds from (Payments to) Noncontrolling Interests, Total									$ 95,900
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest, Total							$ (1,191)	$ 0	(1,191)	$ 0
Noncontrolling Interest, Change in Redemption Value							(1,191)		(1,191)
Redeemable Noncontrolling Interest, Equity, Carrying Amount, Total							95,937		$ 95,937			$ 0
The 2018 Long-Term Incentive Plan [Member] | PI Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	246,169	11,764	219,826	80,399	40,000				0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 38.29	$ 33.45	$ 30.16	$ 29.12	$ 27.88
The 2018 Long-Term Incentive Plan [Member] | PI Units [Member] | Vesting Ratably Over Four Years [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)		4 years				4 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		100%				50%
The 2018 Long-Term Incentive Plan [Member] | PI Units [Member] | Vesting Upon Successful Completion of Initial Public Offering [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)									11,764
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		100%				50%
Share-Based Payment Arrangement, Expense							$ 700	$ 500	$ 1,400	$ 900
The 2018 Long-Term Incentive Plan [Member] | PI Units [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)											2 years
The 2018 Long-Term Incentive Plan [Member] | PI Units [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)											4 years
Series A Preferred Stock [Member]
Preferred Stock, Dividend Rate, Percentage									6.50%
Common Class A [Member]
Limited Partners' Capital Account, Units Outstanding (in shares)							21,250,366		21,250,366
Common Class A [Member] | VineBrook Homes OP GP, LLC [Member]
Partners' Capital Account, Unit Voting Percentage							50%		50%
Common Class B [Member] | VineBrook Homes OP GP, LLC [Member]
Partners' Capital Account, Unit Voting Percentage							50%		50%
Common Class B [Member] | VineBrook Homes OP GP, LLC [Member] | NexPoint Real Estate Opportunities, LLC [Member]
Limited Partners' Capital Account, Units Outstanding (in shares)							2,691,330		2,691,330
Common Class C [Member] | GAF REIT, LLC [Member]
Limited Partners' Capital Account, Units Outstanding (in shares)							139,296		139,296
Common Class C [Member] | VineBrook Homes OP GP, LLC [Member] | NexPoint Real Estate Opportunities, LLC [Member]
Limited Partners' Capital Account, Units Outstanding (in shares)							88,268		88,268
Common Class C [Member] | VineBrook Homes OP GP, LLC [Member] | GAF REIT, LLC [Member]
Limited Partners' Capital Account, Units Outstanding (in shares)							139,296		139,296
Common Class C [Member] | VineBrook Homes OP GP, LLC [Member] | VineBrook Homes Trust, Inc [Member]
Limited Partners' Capital Account, Units Outstanding (in shares)							821,547		821,547

Note 10 - Redeemable Noncontr_4

Note 10 - Redeemable Noncontrolling Interests in the OP - Schedule of Redeemable Noncontrolling Interests in the OP (Details) - VineBrook Homes OP GP, LLC [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Redeemable noncontrolling interests in the OP, balance	$ 196,362
Net loss attributable to redeemable noncontrolling interests in the OP	(2,194)
Contributions by redeemable noncontrolling interests in the OP	5,942
Distributions to redeemable noncontrolling interests in the OP	(4,548)
Equity-based compensation	1,397
Other comprehensive income attributable to redeemable noncontrolling interests in the OP	3,946
Adjustment to reflect redemption value of redeemable noncontrolling interests in the OP	33,808
Redeemable noncontrolling interests in the OP, balance	$ 234,713

Note 10 - Redeemable Noncontr_5

Note 10 - Redeemable Noncontrolling Interests in the OP - Distributions (Details) - VineBrook Homes OP GP, LLC [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022
OP Distribution	$ 2,291	$ 2,257	$ 4,548
DRIP Distribution [Member]
OP Units Issued (in shares)	8,639	8,896	17,535
OP Distribution	$ 501	$ 467	$ 968
Cash Distribution [Member]
OP Distribution	1,477	1,477	2,954
Cash Distribution Accrued on PI Units [Member]
OP Distribution	$ 313	$ 313	$ 626

Note 10 - Redeemable Noncontr_6

Note 10 - Redeemable Noncontrolling Interests in the OP - Number of PI Units Outstanding (Details) - PI Units [Member] - The 2018 Long-Term Incentive Plan [Member] - USD ($) $ in Thousands							6 Months Ended
		May 31, 2021	Nov. 30, 2020	May 11, 2020	Nov. 21, 2019	Apr. 19, 2019	Jun. 30, 2022	Dec. 31, 2021
Outstanding, number of RSUs (in shares)							498,590
Outstanding, value	[1]						$ 14,567	$ 16,965
Granted (in shares)		246,169	11,764	219,826	80,399	40,000	0
Granted, value	[1]						$ 0
Vested (in shares)							(57,309)
Vested, value	[1]						$ (1,964)
Forfeited (in shares)							(11,933)
Outstanding, number of RSUs (in shares)							429,348
[1]Value is based on the number of PI Units granted multiplied by the estimated per unit fair value on the date of grant, which was $27.88 for the April 19, 2019 grant, $29.12 for the November 21, 2019 grant, $30.16 for the May 11, 2020 grant, $33.45 for the November 30, 2020 grant and $38.29 for the May 31, 2021 grant.

Note 10 - Redeemable Noncontr_7

Note 10 - Redeemable Noncontrolling Interests in the OP - Vesting Schedule for the PI Units (Details) - PI Units [Member] - The 2018 Long-Term Incentive Plan [Member]	Jun. 30, 2022 shares
Vesting May 11, 2022 [Member]
PI Units Vesting (in shares)	7,200
Vesting May 31, 2022 [Member]
PI Units Vesting (in shares)	18,425
Vesting November 1, 2022 [Member]
PI Units Vesting (in shares)	1,470
Vesting November 21, 2022 [Member]
PI Units Vesting (in shares)	29,831
Vesting November 30, 2022 [Member]
PI Units Vesting (in shares)	27,478
Vesting March 30, 2023 [Member]
PI Units Vesting (in shares)	7,200
Vesting May 11, 2023 [Member]
PI Units Vesting (in shares)	18,425
Vesting November 1, 2023 [Member]
PI Units Vesting (in shares)	1,470
Vesting November 21, 2023 [Member]
PI Units Vesting (in shares)	29,831
Vesting November 30, 2023 [Member]
PI Units Vesting (in shares)	27,478
Vesting March 30, 2024 [Member]
PI Units Vesting (in shares)	1,470
Vesting May 11, 2024 [Member]
PI Units Vesting (in shares)	29,831
Vesting Upon Successful Completion of Initial Public Offering [Member]
PI Units Vesting (in shares)	229,239	[1]
Vesting November 30, 2024 [Member]
PI Units Vesting (in shares)	429,348
[1]Upon successful completion of an IPO, an additional 11,764 PI Units will vest immediately instead of vesting ratably according to the schedule above on each of November 30, 2022, November 30, 2023 and November 30, 2024.

Note 10 - Redeemable Noncontr_8

Note 10 - Redeemable Noncontrolling Interests in the OP - Consolidated Shares and OP Units Outstanding (Details) - shares	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Shares Outstanding (in shares)	24,960,485		21,814,248
VineBrook Homes OP GP, LLC [Member]
Consolidated shares and OP units outstanding (in shares)	28,700,926	28,422,273
VineBrook Homes OP GP, LLC [Member] | VineBrook Homes Trust, Inc [Member]
Shares Outstanding (in shares)	24,960,485	24,696,441
VineBrook Homes OP GP, LLC [Member] | Holders of OP Units [Member]
OP units held by NCI (in shares)	3,740,441	3,725,832

Note 11 - Redeemable Series A_3

Note 11 - Redeemable Series A Preferred Stock (Details Textual) - Series A Preferred Stock [Member] - $ / shares	Jun. 14, 2022	Mar. 08, 2022	Jun. 30, 2022	Dec. 31, 2021
Temporary Equity, Shares Issued (in shares)			5,000,000	5,000,000
Preferred Stock, Redemption Price Per Share (in dollars per share)			$ 25
Preferred Stock, Dividends Per Share, Declared (in dollars per share)	$ 0.40625	$ 0.40625
Dividends Payable, Date of Record	Jun. 24, 2022	Mar. 25, 2022
Dividends Payable, Date to be Paid	Jul. 11, 2022	Apr. 11, 2022

Note 11 - Redeemable Series A_4

Note 11 - Redeemable Series A Preferred Stock - Schedule of Redeemable Series A Preferred Stock (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022
Shares issued (in shares)	682,149	2,907,334	3,589,483
Series A Preferred Stock [Member]
Redeemable Series A preferred stock, December 31, 2021 (in shares)		5,000,000	5,000,000
Redeemable Series A preferred stock (in shares)	5,000,000		5,000,000
Series A Preferred Stock [Member] | Preferred Stock [Member]
Redeemable Series A preferred stock, December 31, 2021 (in shares)		5,000,000	5,000,000
Redeemable Series A preferred stock		$ 120,896	$ 120,896
Shares issued (in shares)			0
Issuance of Redeemable Series A preferred stock			$ 0
Issuance costs related to Redeemable Series A preferred stock			0
Net income attributable to Redeemable Series A preferred stockholders			4,063
Dividends declared to Redeemable Series A preferred stockholders			(4,063)
Accretion to redemption value			$ 365
Redeemable Series A preferred stock (in shares)	5,000,000		5,000,000
Redeemable Series A preferred stock	$ 121,261		$ 121,261

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual) $ in Thousands	Jun. 30, 2022 USD ($)
Unrecognized Tax Benefits, Ending Balance	$ 0

Note 13 - Related Party Trans_3

Note 13 - Related Party Transactions (Details Textual)			3 Months Ended		6 Months Ended
	Jun. 08, 2022	May 04, 2020	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Aug. 28, 2018
Advisory Fees			$ 3,844,000	$ 2,010,000	$ 6,930,000	$ 3,301,000
Due from Related Parties, Total			663,000		663,000		$ 2,909,000
Long-Term Debt, Gross			1,778,465,000		1,778,465,000		778,683,000
SFR OP Convertible Notes [Member]
Long-Term Debt, Gross			100,100,000		100,100,000		0
Private Placement [Member] | Minimum [Member]
Equity Offering, Fee to Investors, Percentage of Gross Investor Equity								0.50%
Private Placement [Member] | Maximum [Member]
Equity Offering, Fee to Investors, Percentage of Gross Investor Equity								3%
Private Placement [Member] | Maximum [Member] | Sales Through Raymond James [Member]
Equity Offering, Offering and Organization Expenses Charged to Investors, Percentage of Gross Equity Offering								0.50%
Private Placement [Member] | Maximum [Member] | Sales Through Other Placement Agents [Member]
Equity Offering, Offering and Organization Expenses Charged to Investors, Percentage of Gross Equity Offering								1%
NexPoint Real Estate Advisors V, L.P. [Member]
Advisory Agreement, Advisory Fee, Annualized Rate of Gross Asset Value		0.75%
Advisory Agreement, Expense Cap, Percentage of Average Total Assets		1.50%
Advisory Fees			3,800,000	2,000,000	6,900,000	3,300,000
Internalization Fee, Factor to Multiply by 12 Months Prior Fee		3
Termination Fee, Factor to Multiply by 12 Months Prior Fee		3
Advisory Agreement, Notice of Termination Period (Day)		180 days
NexPoint Real Estate Advisors V, L.P. [Member] | NexPoint Homes [Member]
Related Party Transaction, Percentage of Fee	0.75%
Related Party Transaction, Amounts of Transaction					$ 0
VineBrook Homes, LLC [Member]
Management Agreements, Acquisition Fee, Percentage of Property Acquired During Month					1%
Management Agreements, Construction Fee Monthly in Arears, Maximum Percentage of Construction Costs					10%
Management Agreements, Construction Fee Monthly in Arrears, Maximum Amount			1,000		$ 1,000
Management Agreements, Maximum EBITDA Derived from Fees			$ 1,000,000		$ 1,000,000
Management Agreements, Maximum Percentage of Combined Equity Value for Management Fees			0.50%		0.50%
Managements Agreements, Manager Cash Cap			25%		25%
Internalization Fee, Factor to Multiply by 12 Months Prior Fee			3		3
Management Agreements, Base Internalization Fee			$ 6,500,000		$ 6,500,000
Management Agreements, Internalization Fee Calculation, Percentage Added to Base Fee			50%		50%
Management Agreements, Internalization Fee Calculation, Amount Subtracted from Factored Amount			$ 6,500,000		$ 6,500,000
Termination Fee, Factor to Multiply by 12 Months Prior Fee			3		3
Management Agreements, Termination Notice Period (Day)					90 days
Related Party Transaction, Amounts of Transaction			$ 15,822,000	8,804,000	$ 33,352,000	21,139,000
VineBrook Homes, LLC [Member] | Manager Cash Cap Rebate [Member]
Due from Related Parties, Total			0	0	0	0
VineBrook Homes, LLC [Member] | Fee Advances [Member]
Due from Related Parties, Total			0		0		0
VineBrook Homes, LLC [Member] | Backstop Loans [Member]
Due from Related Parties, Total			$ 700,000		$ 700,000		$ 700,000
VineBrook Homes, LLC [Member] | Annual Collected Rental Revenue up to and Including 45 Million [Member]
Management Agreements, Property Management Fee Monthly in Arrears, Maximum Percentage of Collected Rental Revenue			8%		8%
VineBrook Homes, LLC [Member] | Annual Collected Rental Revenue Between 45 Million and 65 Million [Member]
Management Agreements, Property Management Fee Monthly in Arrears, Maximum Percentage of Collected Rental Revenue			7%		7%
VineBrook Homes, LLC [Member] | Annual Collected Rental Revenue Between 65 Million and 85 Million [Member]
Management Agreements, Property Management Fee Monthly in Arrears, Maximum Percentage of Collected Rental Revenue			6%		6%
VineBrook Homes, LLC [Member] | Annual Collected Rental Revenue Above 85 Million [Member]
Management Agreements, Property Management Fee Monthly in Arrears, Maximum Percentage of Collected Rental Revenue			5%		5%
The Manager [Member] | Various Expenses Paid By the Manager on Behalf of OP [Member]
Due to Related Parties, Total			$ 4,300,000	$ 2,700,000	$ 4,300,000	$ 2,700,000
Affiliates of the Advisor [Member] | NexPoint Homes [Member]
Due to Related Parties, Total			$ 100,800,000		$ 100,800,000
Affiliates of the Advisor [Member] | NexPoint Homes [Member] | SFR OP Convertible Notes [Member]
Number of Debt Instruments			5		5
Debt Instrument, Interest Rate, Stated Percentage			7.50%		7.50%
Long-Term Debt, Gross			$ 100,100,000		$ 100,100,000
HomeSource Operations, LLC [Member] | NexPoint Homes [Member]
Financing Receivable, before Allowance for Credit Loss, Total			$ 4,800,000		$ 4,800,000
Non-voting Interest Percentage			9.99%		9.99%
Related Party Transaction, Amounts of Transaction					$ 0
HomeSource Operations, LLC [Member] | NexPoint Homes [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Notes Receivable, Variable Interest Rate					2%

Note 13 - Related Party Trans_4

Note 13 - Related Party Transactions - Schedule of Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		16 Months Ended	40 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2019	Dec. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2020
Gross investor equity raised subject to O&O	$ 691,506	$ 312,094	$ 691,506	$ 312,094		$ 582,948	$ 708,999	$ 252,000	$ 174,322
VineBrook Homes, LLC [Member]
Fees incurred and reimbursements	15,822	8,804	33,352	21,139
O&O available for future reimbursements	15,822	8,804	33,352	21,139
VineBrook Homes, LLC [Member] | Property Management Fees [Member]
Fees incurred and reimbursements	3,331	2,249	6,442	4,054
O&O available for future reimbursements	3,331	2,249	6,442	4,054
VineBrook Homes, LLC [Member] | Acquisition Fees [Member]
Fees incurred and reimbursements	1,015	972	6,055	6,946
O&O available for future reimbursements	1,015	972	6,055	6,946
VineBrook Homes, LLC [Member] | Construction Supervision Fees [Member]
Fees incurred and reimbursements	4,446	1,692	7,620	3,014
O&O available for future reimbursements	4,446	1,692	7,620	3,014
VineBrook Homes, LLC [Member] | Payroll and Benefits Reimbursements [Member]
Fees incurred and reimbursements	6,573	3,709	12,468	6,788
O&O available for future reimbursements	6,573	3,709	12,468	6,788
VineBrook Homes, LLC [Member] | Other Reimbursements [Member]
Fees incurred and reimbursements	457	182	767	337
O&O available for future reimbursements	$ 457	$ 182	$ 767	$ 337
Private Placement [Member]
Gross investor equity raised subject to O&O						990,671
Private Placement [Member] | NexPoint Securities, Inc. [Member]
O&O collected and available for reimbursements						$ 6,866
Private Placement [Member] | NexPoint Securities, Inc. [Member] | Offering and Organizational Expenses Reimbursements [Member]
Fees incurred and reimbursements					$ 2
O&O available for future reimbursements					$ 2

Note 14 - Commitments and Con_2

Note 14 - Commitments and Contingencies (Details Textual) $ in Millions	Jan. 27, 2021 USD ($)
Indemnification Agreement [Member]
Escrow Deposit	$ 2.6

Note 15 - Segment Information_2

Note 15 - Segment Information (Details Textual)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Number of Reportable Segments	2	1

Note 15 - Segment Information -

Note 15 - Segment Information - Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Revenues	$ 62,304	$ 39,821	$ 114,621	$ 70,449
Expenses	73,989	41,612	129,026	72,297
Net loss	(11,638)	(2,007)	(14,351)	(2,148)
Gross operating real estate investments	2,921,787		2,921,787		$ 1,726,948
Accumulated depreciation and amortization	116,002		116,002		76,789
Net operating real estate investments	2,805,785		2,805,785		1,650,159
Real estate held for sale, net	2,166		2,166		81
Net real estate investments	2,807,951		2,807,951		1,650,240
Other assets	211,199		211,199		108,085
Total assets	3,019,150		3,019,150		1,758,325
Debt payable, net	1,766,165		1,766,165		768,545
Other liabilities	109,568		109,568		89,574
Total liabilities	1,875,733		1,875,733		858,119
VineBrook Homes OP, LP [Member]
Revenues	61,058	39,821	113,375	70,449
Expenses	69,749	41,612	124,786	72,297
Net loss	(8,644)	(2,007)	(11,357)	(2,148)
Gross operating real estate investments	2,439,510		2,439,510		1,726,948
Accumulated depreciation and amortization	115,208		115,208		76,789
Net operating real estate investments	2,324,302		2,324,302		1,650,159
Real estate held for sale, net	2,166		2,166		81
Net real estate investments	2,326,468		2,326,468		1,650,240
Other assets	154,435		154,435		108,085
Total assets	2,480,903		2,480,903		1,758,325
Debt payable, net	1,445,007		1,445,007		768,545
Other liabilities	101,331		101,331		89,574
Total liabilities	1,546,338		1,546,338		858,119
NexPoint Homes [Member]
Revenues	1,246	0	1,246	0
Expenses	4,240	0	4,240	0
Net loss	(2,994)	$ 0	(2,994)	$ 0
Gross operating real estate investments	482,277		482,277		0
Accumulated depreciation and amortization	794		794		0
Net operating real estate investments	481,483		481,483		0
Real estate held for sale, net	0		0		0
Net real estate investments	481,483		481,483		0
Other assets	56,764		56,764		0
Total assets	538,247		538,247		0
Debt payable, net	321,158		321,158		0
Other liabilities	8,237		8,237		0
Total liabilities	$ 329,395		$ 329,395		$ 0

Note 16 - Subsequent Events (De

Note 16 - Subsequent Events (Details Textual) $ / shares in Units, $ in Millions				1 Months Ended	3 Months Ended		6 Months Ended
	Aug. 03, 2022 USD ($)	Aug. 02, 2022 $ / shares	Jul. 11, 2022 USD ($) $ / shares	Aug. 12, 2022 USD ($)	Jun. 30, 2022 $ / shares	Jun. 30, 2021 $ / shares	Jun. 30, 2022 $ / shares	Jun. 30, 2021 $ / shares
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares					$ 0.5301	$ 0.5301	$ 1.0602	$ 1.0602
Net Asset Value Per Share, Ending Balance (in dollars per share) | $ / shares					$ 62.75		$ 62.75
DRIP Issuance, Discount to NAV							3%
Subsequent Event [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares		$ 0.1767	$ 0.1767
Dividends Payable, Date of Record		Aug. 15, 2022	Jul. 15, 2022
Dividends Payable, Date to be Paid		Sep. 30, 2022	Sep. 30, 2022
Subsequent Event [Member] | Acquisition of Additional Homes [Member]
Number of Real Estate Properties				555
Asset Acquisition, Consideration Transferred, Total				$ 71.2
Subsequent Event [Member] | Tusk Portfolio [Member]
Number of Real Estate Properties	1,610
Asset Acquisition, Consideration Transferred, Total	$ 466.5
Subsequent Event [Member] | Siete Portfolio [Member]
Number of Real Estate Properties	1,289
Asset Acquisition, Consideration Transferred, Total	$ 353.5
Subsequent Event [Member] | CoreVest Note [Member]
Repayments of Long-Term Debt, Total			$ 2.3