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Related Party Transactions (Details)
1 Months Ended 3 Months Ended 6 Months Ended
May 31, 2024
Apr. 30, 2024
USD ($)
Apr. 30, 2023
USD ($)
Aug. 31, 2022
USD ($)
community
Nov. 30, 2021
USD ($)
Feb. 28, 2019
USD ($)
Oct. 31, 2018
USD ($)
apartment
May 31, 2018
USD ($)
apartment
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Related Party Transaction [Line Items]                            
Other receivables outstanding                 $ 53,900,000   $ 53,900,000      
Payments to acquire preferred equity investments                     3,804,000 $ 15,571,000    
Preferred return rate 12.00%                          
Notes and other receivables                 233,776,000   233,776,000     $ 174,621,000
Apartment home community development development in Burlingame, CA                            
Related Party Transaction [Line Items]                            
Commitment funded amount     $ 11,200,000                      
Apartment home community in Ventura, CA                            
Related Party Transaction [Line Items]                            
Commitment funded amount         $ 18,300,000           $ 11,000,000      
Commitment to fund, amount         $ 13,000,000                  
Related Party                            
Related Party Transaction [Line Items]                            
Notes receivable       $ 11,200,000                    
Notes receivable, interest rate       9.50%                    
Number of communities owned | community       3                    
Related Party | Multifamily development community in Mountain View, CA                            
Related Party Transaction [Line Items]                            
Payments to acquire preferred equity investments           $ 24,500,000                
Preferred return rate           11.00%         9.00%      
Related Party | Apartment home community development development in Burlingame, CA                            
Related Party Transaction [Line Items]                            
Payments to acquire preferred equity investments             $ 18,600,000              
Preferred return rate     11.00%       12.00%       9.00%      
Number of units acquired | apartment             268              
Related Party | Related Party Bridge Loan On Property Acquired By BEX II                            
Related Party Transaction [Line Items]                            
Notes receivable   $ 53,600,000                     $ 53,600,000  
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]   Secured Overnight Financing Rate (SOFR) [Member]                        
Notes receivable, interest rate   1.50%                        
Related Party | Marcus & Millichap Company (MMC)                            
Related Party Transaction [Line Items]                            
Brokerage commissions                 0 $ 0 $ 0 0    
Related Party | Marcus & Millichap Company (MMC) | Apartment home community in Ventura, CA                            
Related Party Transaction [Line Items]                            
Preferred return rate               10.25%     9.00%      
Number of units acquired | apartment               400            
Commitment to fund preferred equity investment               $ 26,500,000            
Affiliated Entity                            
Related Party Transaction [Line Items]                            
Notes and other receivables                 59,200,000   $ 59,200,000     $ 6,100,000
Management and Other Fees From Affiliates | Related Party                            
Related Party Transaction [Line Items]                            
Related party transaction, amounts of transaction                 2,800,000 3,200,000 5,600,000 6,400,000    
Revenues from Development and Redevelopment Fees | Related Party                            
Related Party Transaction [Line Items]                            
Related party transaction, amounts of transaction                 $ 200,000 $ 500,000 $ 300,000 $ 1,000,000