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Segment Information (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
segment
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Revenues from External Customers and Long-Lived Assets [Line Items]            
Number of reportable segments | segment     3      
Number of operating segments | segment     3      
Net operating income $ 313,749 $ 294,041 $ 612,098 $ 583,285    
Management and other fees from affiliates 2,573 2,778 5,286 5,543    
Corporate-level property management expenses (12,123) (11,451) (23,854) (22,883)    
Depreciation and amortization (145,613) (136,718) (285,346) (273,065)    
General and administrative (21,136) (13,813) (38,307) (29,124)    
Expensed acquisition and investment related costs 0 (5) (68) (344)    
Casualty loss 0 0 0 (433)    
Gain on sale of real estate and land 0 0 0 59,238    
Interest expense (59,120) (52,600) (115,053) (103,645)    
Total return swap income 629 821 1,425 1,854    
Interest and other income 9,568 12,199 66,843 24,649    
Equity income from co-investments 9,652 12,237 22,018 23,108    
Tax benefit (expense) on unconsolidated co-investments 807 (1,733) 758 (833)    
Gain on remeasurement of co-investment 0 0 138,326 0    
Net income 98,986 105,756 384,126 267,350    
Net reportable operating segment - real estate assets 10,922,498   10,922,498   $ 10,470,292  
Real estate under development 24,515   24,515   23,724  
Co-investments 1,041,328   1,041,328   1,061,733  
Cash and cash equivalents, including restricted cash 64,151 69,114 64,151 69,114 400,334 $ 42,681
Marketable securities 84,291   84,291   87,795  
Notes and other receivables 233,776   233,776   174,621  
Operating lease right-of-use assets 53,373   53,373   63,757  
Prepaid expenses and other assets 85,528   85,528   79,171  
Total assets 12,509,460   12,509,460   12,361,427  
Rental and Other Property Revenues            
Revenues from External Customers and Long-Lived Assets [Line Items]            
Total revenues 439,782 413,265 863,997 822,921    
Management and other fees from affiliates            
Revenues from External Customers and Long-Lived Assets [Line Items]            
Management and other fees from affiliates 2,573 2,778 5,286 5,543    
Operating Segments | Southern California            
Revenues from External Customers and Long-Lived Assets [Line Items]            
Net operating income 133,340 121,923 257,673 238,865    
Net reportable operating segment - real estate assets 4,173,397   4,173,397   3,802,648  
Operating Segments | Southern California | Rental and Other Property Revenues            
Revenues from External Customers and Long-Lived Assets [Line Items]            
Total revenues 186,604 169,857 362,606 336,734    
Operating Segments | Northern California            
Revenues from External Customers and Long-Lived Assets [Line Items]            
Net operating income 120,916 116,228 236,595 230,783    
Net reportable operating segment - real estate assets 5,294,272   5,294,272   5,242,343  
Operating Segments | Northern California | Rental and Other Property Revenues            
Revenues from External Customers and Long-Lived Assets [Line Items]            
Total revenues 172,615 166,459 341,454 330,187    
Operating Segments | Seattle Metro            
Revenues from External Customers and Long-Lived Assets [Line Items]            
Net operating income 51,990 50,388 102,906 100,283    
Net reportable operating segment - real estate assets 1,363,449   1,363,449   1,333,030  
Operating Segments | Seattle Metro | Rental and Other Property Revenues            
Revenues from External Customers and Long-Lived Assets [Line Items]            
Total revenues 73,782 70,217 145,695 140,255    
Other real estate assets            
Revenues from External Customers and Long-Lived Assets [Line Items]            
Net operating income 7,503 5,502 14,924 13,354    
Net reportable operating segment - real estate assets 91,380   91,380   $ 92,271  
Other real estate assets | Rental and Other Property Revenues            
Revenues from External Customers and Long-Lived Assets [Line Items]            
Total revenues $ 6,781 $ 6,732 $ 14,242 $ 15,745