Investments - Details Regarding Acquired Communities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) home community ft²	Dec. 31, 2023 USD ($) home community ft²	Dec. 31, 2022 USD ($) ft² home community
Asset Acquisition [Line Items]
Payments to acquire other real estate	$ 464,419	$ 215,889	$ 536,838
Avalon at Pier 121
Asset Acquisition [Line Items]
Number of communities acquired | community	1
Number of apartment homes acquired | home	300
Payments to acquire other real estate	$ 62,100
Commercial square feet | ft²	0
Avalon Perimeter Park
Asset Acquisition [Line Items]
Number of communities acquired | community	1
Number of apartment homes acquired | home	262
Payments to acquire other real estate	$ 66,500
Commercial square feet | ft²	0
Avalon Cherry Hills
Asset Acquisition [Line Items]
Number of communities acquired | community	1
Number of apartment homes acquired | home	306
Payments to acquire other real estate	$ 95,000
Commercial square feet | ft²	0
AVA Balboa Park
Asset Acquisition [Line Items]
Number of communities acquired | community	1
Number of apartment homes acquired | home	100
Payments to acquire other real estate	$ 51,000
Commercial square feet | ft²	1,700
Avalon Townhomes at Bee Cave
Asset Acquisition [Line Items]
Number of communities acquired | community	1
Number of apartment homes acquired | home	126
Payments to acquire other real estate	$ 49,000
Commercial square feet | ft²	0
Avalon Lowry
Asset Acquisition [Line Items]
Number of communities acquired | community	1
Number of apartment homes acquired | home	347
Payments to acquire other real estate	$ 136,500
Commercial square feet | ft²	0
2024 Acquisition
Asset Acquisition [Line Items]
Number of communities acquired | community	6
Number of apartment homes acquired | home	1,441
Payments to acquire other real estate	$ 460,100
Commercial square feet | ft²	1,700
2023 Acquisition
Asset Acquisition [Line Items]
Number of communities acquired | community		3
Number of apartment homes acquired | home		1,131
Payments to acquire other real estate		$ 277,200
Commercial square feet | ft²		0
2022 Acquisition
Asset Acquisition [Line Items]
Number of communities acquired | community			4
Number of apartment homes acquired | home			1,313
Payments to acquire other real estate			$ 536,200
Commercial square feet | ft²			16,000