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Debt - Unsecured Notes Payable - Additional Information (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Apr. 30, 2024
Dec. 31, 2023
Debt Instrument [Line Items]      
Long-term debt outstanding [1],[2] $ 1,707,658   $ 1,881,087
Letters of credit, outstanding amount 2,000   2,000
Letter of Credit      
Debt Instrument [Line Items]      
Total available credit   $ 60,000  
Fund IV      
Debt Instrument [Line Items]      
Long-term debt outstanding 36,200   36,200
Mortgages | Fund Portfolio | Fund II      
Debt Instrument [Line Items]      
Long-term debt outstanding [3] 137,485   137,485
Mortgages | Fund Portfolio | Fund IV      
Debt Instrument [Line Items]      
Long-term debt outstanding [4] 109,484   115,925
Mortgages | Fund Portfolio | Fund V      
Debt Instrument [Line Items]      
Long-term debt outstanding 500,144   458,960
$400 Million Term Loan | Unsecured Debt      
Debt Instrument [Line Items]      
Maximum borrowing capacity   $ 400,000  
Subscription Line | Unsecured Debt | Fund Portfolio | Fund V      
Debt Instrument [Line Items]      
Long-term debt outstanding [5] $ 0   $ 80,600
[1] Includes $151.2 million and $151.4 million, respectively, of variable-rate debt that is subject to interest cap agreements as of the periods presented. The effective fixed rates ranged from 4.50% to 6.00%.
[2] Includes $1,188.3 million and $1,249.8 million, respectively, of variable-rate debt that has been fixed with interest rate swap agreements as of the periods presented. The effective fixed rates ranged from 1.14% to 4.69%.
[3] The Company has a total borrowing capacity of $198.0 million on the Fund II mortgage as of both June 30, 2024 and December 31, 2023.
[4] Includes the outstanding balance on the Fund IV secured bridge facility of $36.2 million as of both June 30, 2024 and December 31, 2023.
[5] Fund V paid off the subscription line and terminated the outstanding letters of credit during the six months ended June 30, 2024.