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Investments - Narrative (Details)
ft² in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
USD ($)
ft²
home
investor
loan
community
Dec. 31, 2021
USD ($)
ft²
community
Dec. 31, 2020
USD ($)
community
ft²
Dec. 31, 2018
community
ft²
home
Schedule of Equity Method Investments [Line Items]        
Preferred interest obligation redemption and dividends $ 860 $ 1,340 $ 1,000  
Total principal outstanding $ 8,377,827 $ 8,170,431    
Number of units in real estate property | home 88,475      
Commercial square feet | ft² 16 90 0  
Other commitment $ 92,375      
Number of mezzanine loans | loan 3      
Weighted average rate of return, commitments 9.80%      
Outstanding funding, commitments $ 29,352      
US Fund        
Schedule of Equity Method Investments [Line Items]        
Ownership percentage of equity method investment 28.60%      
Number of apartment communities sold | community     1  
Proceeds from sale of real estate $ 313,500      
Income for promoted interest (4,690)      
Equity method investments $ 6,109      
US Fund | Avalon Grosvenor Tower, Avalon Studio 4121 and Avalon Station 250        
Schedule of Equity Method Investments [Line Items]        
Number of apartment homes sold | home 671      
Realized gain (loss) on disposal of equity method investment $ 38,144      
US Fund | Avalon Venice on Rose        
Schedule of Equity Method Investments [Line Items]        
Realized gain (loss) on disposal of equity method investment     $ 5,157  
ACJV        
Schedule of Equity Method Investments [Line Items]        
Ownership percentage of equity method investment 20.00%      
ACJV | Avalon North Point and Avalon North Point Lofts        
Schedule of Equity Method Investments [Line Items]        
Realized gain (loss) on disposal of equity method investment   $ 23,305    
Legacy JV        
Schedule of Equity Method Investments [Line Items]        
Ownership percentage of equity method investment 40.00%      
Preferred interest obligation liquidation value $ 34,159      
NYC JV        
Schedule of Equity Method Investments [Line Items]        
Ownership percentage of equity method investment 20.00%      
Equity method investments $ 58,157      
Total principal outstanding $ 395,189      
MVPI LLC        
Schedule of Equity Method Investments [Line Items]        
Ownership percentage of equity method investment 25.00%      
Total principal outstanding $ 103,000      
Number of units in real estate property | home 313      
Brandywine        
Schedule of Equity Method Investments [Line Items]        
Ownership percentage of equity method investment 28.70%      
Equity method investments $ 15,213      
Total principal outstanding $ 19,731      
Number of units in real estate property | home 305      
Number of members who hold various interests in joint venture | investor 5      
Avalon Alderwood Mall        
Schedule of Equity Method Investments [Line Items]        
Ownership percentage of equity method investment 50.00%      
Equity method investments $ 54,938      
Number of units in real estate property | home 328      
AVA Arts District        
Schedule of Equity Method Investments [Line Items]        
Ownership percentage of equity method investment 25.00%      
Equity method investments $ 28,660      
Number of units in real estate property | home 475      
Commercial square feet | ft² 56      
Long-term construction loan $ 167,147      
Percent of development funded by borrowing 60.00%      
Proceeds from construction loans payable $ 86,664      
Property Technology Investments        
Schedule of Equity Method Investments [Line Items]        
Equity method investments and equity securities 36,178      
Other commitment 34,299      
Gain (loss) on equity securities $ (8,315) $ (15,908)    
NYC JV        
Schedule of Equity Method Investments [Line Items]        
Retail square feet sold | ft²       58
US Fund        
Schedule of Equity Method Investments [Line Items]        
Number of apartment communities sold | community 3      
ACJV        
Schedule of Equity Method Investments [Line Items]        
Number of apartment communities sold | community   2    
NYC JV        
Schedule of Equity Method Investments [Line Items]        
Number of apartment communities sold | community       5
Number of apartment homes sold | home       1,301
Notes payable maturing in 2022 | Secured notes | Avalon Grosvenor Tower, Avalon Studio 4121 and Avalon Station 250        
Schedule of Equity Method Investments [Line Items]        
Repayments of secured debt $ 115,213