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Related Party Transactions (Details)
1 Months Ended 12 Months Ended
Apr. 30, 2024
USD ($)
Apr. 30, 2023
USD ($)
Aug. 31, 2022
USD ($)
community
Jan. 31, 2022
USD ($)
Nov. 30, 2021
USD ($)
Oct. 31, 2021
USD ($)
Sep. 30, 2021
USD ($)
Feb. 28, 2019
USD ($)
Oct. 31, 2018
USD ($)
apartment
May 31, 2018
USD ($)
apartment
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Feb. 28, 2022
USD ($)
Related Party Transaction [Line Items]                            
Notes and other receivables                     $ 206,706,000 $ 174,621,000    
Payments to acquire equity method investments                     $ 34,073,000 37,405,000 $ 163,188,000  
Annualized preferred return rate                     9.00%      
Preferred equity investment, commitment to fund                     $ 399,400,000      
Commitment to fund preferred equity investment in the project                       18,800,000 84,900,000  
Home Community Development in Burlingame, California                            
Related Party Transaction [Line Items]                            
Purchase commitment, funded amount   $ 11,200,000                        
Apartment Home Community in Ventura, California                            
Related Party Transaction [Line Items]                            
Purchase commitment, funded amount         $ 18,300,000           11,000,000      
Commitment to fund preferred equity investment in the project         13,000,000                  
Commitment to unfund preferred equity investment in the project                     $ 2,000,000      
Related Party                            
Related Party Transaction [Line Items]                            
Notes receivable     $ 11,200,000                      
Interest rate     9.50%                      
Number of communities owned | community     3                      
Related Party | Apartments Located In Mountain View                            
Related Party Transaction [Line Items]                            
Payments to acquire equity method investments               $ 24,500,000            
Annualized preferred return rate               11.00%     9.00%      
Related Party | Home Community Development in Burlingame, California                            
Related Party Transaction [Line Items]                            
Payments to acquire equity method investments                 $ 18,600,000          
Annualized preferred return rate   11.00%             12.00%   9.00%      
Apartment Homes | apartment                 268          
Related Party | Related Party Bridge Loan On Property Acquired By BEX II                            
Related Party Transaction [Line Items]                            
Notes receivable $ 53,600,000                         $ 32,800,000
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] Secured Overnight Financing Rate (SOFR) [Member]                          
Interest rate 1.50%                          
Related Party | Related Party Bridge Loan On Property Acquired By Wesco VI                            
Related Party Transaction [Line Items]                            
Notes receivable       $ 100,700,000                    
Interest rate       2.64%                    
Cash received from collection of note receivable       $ 121,300,000                    
Related Party | Related Party Bridge Loan On Property Acquired By Wesco VI | The Rexford                            
Related Party Transaction [Line Items]                            
Notes receivable         $ 61,900,000                  
Interest rate         2.36%                  
Related Party | Related Party Bridge Loan On Property Acquired By Wesco VI | Monterra In Mill Creek                            
Related Party Transaction [Line Items]                            
Notes receivable           $ 30,300,000                
Interest rate           2.30%                
Related Party | Related Party Bridge Loan On Property Acquired By Wesco VI | Martha Lake Apartments                            
Related Party Transaction [Line Items]                            
Notes receivable             $ 29,200,000              
Interest rate             2.15%              
Related Party | Related Party Bridge Loan on Property in Vista, CA                            
Related Party Transaction [Line Items]                            
Notes receivable         $ 48,400,000                  
Interest rate         2.36%                  
Related Party | Management And Other Fees From Affiliates                            
Related Party Transaction [Line Items]                            
Related party transaction, amounts of transaction                     $ 11,100,000 12,700,000 14,100,000  
Related Party | Revenues From Development And Redevelopment Fees                            
Related Party Transaction [Line Items]                            
Related party transaction, amounts of transaction                     800,000 1,800,000 3,000,000.0  
Affiliated Entity                            
Related Party Transaction [Line Items]                            
Notes and other receivables                     5,600,000 6,100,000    
Marcus and Millichap Company | Related Party                            
Related Party Transaction [Line Items]                            
Sales commissions and fees                     $ 0 $ 0 $ 0  
Marcus and Millichap Company | Related Party | Apartment Home Community in Ventura, California                            
Related Party Transaction [Line Items]                            
Annualized preferred return rate                   10.25% 9.00%      
Apartment Homes | apartment                   400        
Preferred equity investment, commitment to fund                   $ 26,500,000