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Related Party Transactions (Details)
1 Months Ended 12 Months Ended
Aug. 31, 2025
USD ($)
Apr. 30, 2024
USD ($)
Apr. 30, 2023
USD ($)
Nov. 30, 2021
USD ($)
Feb. 28, 2019
USD ($)
Oct. 31, 2018
USD ($)
unit
May 31, 2018
USD ($)
apartment
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Aug. 31, 2022
USD ($)
community
Related Party Transaction [Line Items]                      
Notes and other receivables               $ 141,591,000 $ 206,706,000    
Payments to acquire equity method investments               $ 33,752,000 $ 34,073,000 $ 37,405,000  
Annualized preferred return rate               10.50%      
Preferred equity investment, commitment to fund               $ 206,700,000      
Home Community Development in Burlingame, California                      
Related Party Transaction [Line Items]                      
Purchase commitment, funded amount     $ 11,200,000                
Apartment Home Community in Ventura, California                      
Related Party Transaction [Line Items]                      
Purchase commitment, funded amount       $ 18,300,000       11,000,000.0      
Commitment to fund preferred equity investment in the project       $ 13,000,000.0              
Commitment to unfund preferred equity investment in the project               2,000,000.0      
Related Party                      
Related Party Transaction [Line Items]                      
Notes receivable                     $ 11,200,000
Number of communities owned | community                     3
Annualized preferred return rate                     9.50%
Related Party | Apartments Located In Mountain View                      
Related Party Transaction [Line Items]                      
Payments to acquire equity method investments         $ 24,500,000            
Annualized preferred return rate         11.00%         9.00%  
Related Party | Home Community Development in Burlingame, California                      
Related Party Transaction [Line Items]                      
Payments to acquire equity method investments           $ 18,600,000          
Annualized preferred return rate     11.00%     12.00%     9.00%    
Apartment homes | unit           268          
Related Party | Related Party Bridge Loan On Property Acquired By Wesco I                      
Related Party Transaction [Line Items]                      
Notes receivable $ 81,200,000                    
Interest rate 5.50%                    
Related Party | Related Party Bridge Loan On Property Acquired By BEX II                      
Related Party Transaction [Line Items]                      
Notes receivable   $ 53,600,000                  
Interest rate   1.50%                  
Related Party | Management And Other Fees From Affiliates                      
Related Party Transaction [Line Items]                      
Related party transaction, amounts of transaction               9,500,000 $ 11,100,000 $ 12,700,000  
Related Party | Revenues From Development And Redevelopment Fees                      
Related Party Transaction [Line Items]                      
Related party transaction, amounts of transaction               200,000 800,000 1,800,000  
Affiliated Entity                      
Related Party Transaction [Line Items]                      
Notes and other receivables               5,200,000 5,600,000    
Marcus and Millichap Company | Related Party                      
Related Party Transaction [Line Items]                      
Sales commissions and fees               $ 0 $ 0 $ 0  
Marcus and Millichap Company | Related Party | Apartment Home Community in Ventura, California                      
Related Party Transaction [Line Items]                      
Annualized preferred return rate             10.25% 9.00%      
Apartment homes | apartment             400        
Preferred equity investment, commitment to fund             $ 26,500,000