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Real Estate Investments - Acquisitions of Real Estate Interests (Details)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Oct. 31, 2024
USD ($)
community
Sep. 30, 2024
USD ($)
unit
Jul. 31, 2024
USD ($)
Apr. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
community
apartment
Sep. 30, 2024
apartment
Dec. 31, 2024
USD ($)
apartment
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Schedule of Equity Method Investments [Line Items]                  
Gain on remeasurement of co-investments             $ 210,555 $ 0 $ 17,423
Equity income from co-investments             48,206 10,561 $ 26,030
Preferred equity investment, commitment to fund             399,400    
Co-investment             $ 935,014 $ 1,061,733  
Membership Interest in BEXAEW                  
Schedule of Equity Method Investments [Line Items]                  
Apartment Homes | apartment         1,480        
Limited partnership interest         49.90%        
BEX II Portfolio                  
Schedule of Equity Method Investments [Line Items]                  
Contract Price at Pro Rata Share $ 337,500                
Number of communities owned | community 4                
Debt instrument, repaid, principal $ 95,000                
Gain on remeasurement of co-investments $ 40,600                
Joint venture ownership percent 49.90%                
BEXAEW Portfolio                  
Schedule of Equity Method Investments [Line Items]                  
Contract Price at Pro Rata Share         $ 505,000        
Number of communities owned | community         4        
Debt instrument, repaid, principal         $ 219,900        
Equity income from co-investments         $ 1,500        
BEXAEW Portfolio | Membership Interest in BEXAEW                  
Schedule of Equity Method Investments [Line Items]                  
Limited partnership interest         49.90%        
Patina at Midtown                  
Schedule of Equity Method Investments [Line Items]                  
Apartment Homes | apartment           269      
Contract Price at Pro Rata Share     $ 117,000            
Debt instrument, repaid, principal     $ 95,000            
Joint venture ownership percent   49.90% 49.90%     49.90%      
Century Towers                  
Schedule of Equity Method Investments [Line Items]                  
Apartment Homes | apartment           376      
Contract Price at Pro Rata Share   $ 173,500              
Debt instrument, repaid, principal   110,500              
Gain on remeasurement of co-investments   $ 29,400              
Joint venture ownership percent   50.00%       50.00%      
Number of OP units issued | unit   81,737              
Number of OP units agreed price, per unit   $ 305              
Apartment Homes Located In Sunnyvale, CA                  
Schedule of Equity Method Investments [Line Items]                  
Repayments of secured debt       $ 46,600          
Co-investment       $ 14,700          
Apartment Building                  
Schedule of Equity Method Investments [Line Items]                  
Apartment Homes | apartment             3,579    
Contract Price at Pro Rata Share             $ 849,400    
Apartment Building | Patina at Midtown                  
Schedule of Equity Method Investments [Line Items]                  
Gain on remeasurement of co-investments     $ 2,200            
Apartment Building | BEXAEW Portfolio                  
Schedule of Equity Method Investments [Line Items]                  
Apartment Homes | apartment             1,480    
Essex Ownership Percentage             100.00%    
Contract Price at Pro Rata Share             $ 252,000    
Apartment Building | Maxwell Sunnyvale                  
Schedule of Equity Method Investments [Line Items]                  
Apartment Homes | apartment             75    
Essex Ownership Percentage             100.00%    
Contract Price at Pro Rata Share             $ 46,600    
Apartment Building | ARLO Mountain View                  
Schedule of Equity Method Investments [Line Items]                  
Apartment Homes | apartment             164    
Essex Ownership Percentage             100.00%    
Contract Price at Pro Rata Share             $ 101,100    
Apartment Building | Patina at Midtown                  
Schedule of Equity Method Investments [Line Items]                  
Apartment Homes | apartment             269    
Essex Ownership Percentage             100.00%    
Contract Price at Pro Rata Share             $ 58,400    
Apartment Building | Century Towers                  
Schedule of Equity Method Investments [Line Items]                  
Apartment Homes | apartment             376    
Essex Ownership Percentage             100.00%    
Contract Price at Pro Rata Share             $ 86,800    
Apartment Building | BEX II Portfolio                  
Schedule of Equity Method Investments [Line Items]                  
Apartment Homes | apartment             871    
Essex Ownership Percentage             100.00%    
Contract Price at Pro Rata Share             $ 168,400    
Apartment Building | Beaumont                  
Schedule of Equity Method Investments [Line Items]                  
Apartment Homes | apartment             344    
Essex Ownership Percentage             100.00%    
Contract Price at Pro Rata Share             $ 136,100    
Apartment Building | Regency Palm Court and Windsor Court                  
Schedule of Equity Method Investments [Line Items]                  
Gain on remeasurement of co-investments         $ 138,300