Segment Reporting - Summary of Financial Results by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Total revenues	$ 1,754,318	$ 1,579,348	$ 642,905
Expenses
Property operating	748,522	650,594	248,651
(Loss) income from unconsolidated real estate ventures	(11,624)	12,189	(615)
Income from investments in real estate debt	123,138	99,787	45,156
Segment net operating income	1,117,310	1,040,730	438,795
General and administrative	(45,144)	(44,708)	(25,404)
Management fees	(153,411)	(167,100)	(62,237)
Impairment of investments in real estate	188,804	0	0
Performance participation allocation		(102,348)	(204,225)
Depreciation and amortization	(811,788)	(848,943)	(330,455)
Net gain on dispositions of real estate	289,818
Interest expense	(583,476)	(428,853)	(134,127)
Loss on extinguishment of debt	(93)	(313)
Other (expense) income, net	(299,930)	485,608	13,210
Net income (loss)	(675,518)	(65,927)	(304,443)
Net (income) loss attributable to non-controlling interests in consolidated joint ventures	(3,350)	(1,927)	434
Net (income) loss attributable to non-controlling interests in Operating Partnership	29,165	2,146	1,758
Net income (loss) attributable to stockholders	(649,703)	(65,708)	(302,251)
Operating Segments | Multifamily Properties
Revenues:
Total revenues	1,226,375	1,079,391	369,362
Expenses
Property operating	552,760	467,413	151,923
Segment net operating income	673,615	611,978	217,439
Operating Segments | Single Family Rental Homes
Revenues:
Total revenues	54,087	73,558	1,158
Expenses
Property operating	32,631	36,575	274
Segment net operating income	21,456	36,983	884
Operating Segments | Industrial properties
Revenues:
Total revenues	203,423	178,040	96,826
Expenses
Property operating	51,163	44,983	25,258
Segment net operating income	152,260	133,057	71,568
Operating Segments | Office properties
Revenues:
Total revenues	157,748	136,601	124,648
Expenses
Property operating	59,668	52,972	43,741
Segment net operating income	98,080	83,629	80,907
Operating Segments | Self-Storage Properties
Revenues:
Total revenues	27,694	26,614	741
Expenses
Property operating	10,775	9,866	287
Segment net operating income	16,919	16,748	454
Operating Segments | Other Properties
Revenues:
Total revenues	84,991	85,144	50,170
Expenses
Property operating	41,525	38,785	27,168
(Loss) income from unconsolidated real estate ventures	(11,624)	12,189	(615)
Segment net operating income	31,842	58,548	22,387
Operating Segments | Investments in real estate debt
Expenses
Income from investments in real estate debt	123,138	99,787	45,156
Segment net operating income	123,138	99,787	45,156
Rental Revenue
Revenues:
Total revenues	1,695,917	1,520,655	604,574
Rental Revenue | Operating Segments | Multifamily Properties
Revenues:
Total revenues	1,215,981	1,068,277	365,052
Rental Revenue | Operating Segments | Single Family Rental Homes
Revenues:
Total revenues	54,087	73,558	1,158
Rental Revenue | Operating Segments | Industrial properties
Revenues:
Total revenues	203,419	177,998	96,826
Rental Revenue | Operating Segments | Office properties
Revenues:
Total revenues	157,463	136,185	124,317
Rental Revenue | Operating Segments | Self-Storage Properties
Revenues:
Total revenues	27,694	26,614	741
Rental Revenue | Operating Segments | Other Properties
Revenues:
Total revenues	37,273	38,023	16,480
Other revenue
Revenues:
Total revenues	58,401	58,693	38,331
Other revenue | Operating Segments | Multifamily Properties
Revenues:
Total revenues	10,394	11,114	4,310
Other revenue | Operating Segments | Industrial properties
Revenues:
Total revenues	4	42
Other revenue | Operating Segments | Office properties
Revenues:
Total revenues	285	416	331
Other revenue | Operating Segments | Other Properties
Revenues:
Total revenues	$ 47,718	$ 47,121	$ 33,690