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Segment Reporting - Reportable Operating Segments of Revenue and NOI (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]      
Rental and other property $ 1,764,185 $ 1,658,264 $ 1,595,675
Property operating expenses, including real estate taxes 519,526 485,479 467,269
Total net operating income 1,244,659 1,172,785 1,128,406
Management and other fees from affiliates 10,265 11,131 11,139
Corporate-level property management expenses (48,218) (45,872) (40,704)
Depreciation and amortization (580,220) (548,438) (539,319)
General and administrative (98,902) (63,474) (56,577)
Expensed acquisition and investment related costs (72) (595) (2,132)
Casualty loss 0 (433) 0
Gain on sale of real estate and land 175,583 59,238 94,416
Interest expense (235,529) (212,905) (204,798)
Total return swap income 3,099 3,148 7,907
Interest and other income (loss) 80,951 46,259 (19,040)
Equity income from co-investments 48,206 10,561 26,030
Tax benefit (expense) on unconsolidated co-investments 929 (697) 10,236
Loss on early retirement of debt, net 0 0 (2)
Gain on remeasurement of co-investments 210,555 0 17,423
Net income 811,306 430,708 432,985
Operating segments | Southern California      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Rental and other property 744,004 682,116 646,252
Property operating expenses, including real estate taxes 216,355 199,103 186,490
Total net operating income 527,649 483,013 459,762
Operating segments | Northern California      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Rental and other property 677,393 642,658 615,677
Property operating expenses, including real estate taxes 207,484 193,161 185,403
Total net operating income 469,909 449,497 430,274
Operating segments | Seattle Metro      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Rental and other property 295,002 282,092 271,248
Property operating expenses, including real estate taxes 87,144 80,864 80,018
Total net operating income 207,858 201,228 191,230
Other real estate assets      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Rental and other property 47,786 51,398 62,498
Property operating expenses, including real estate taxes 8,543 12,351 15,358
Total net operating income $ 39,243 $ 39,047 $ 47,140