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Related Party Transactions (Details)
1 Months Ended 3 Months Ended
Apr. 30, 2024
USD ($)
Apr. 30, 2023
USD ($)
Aug. 31, 2022
USD ($)
community
Nov. 30, 2021
USD ($)
Oct. 31, 2018
USD ($)
apartment
May 31, 2018
USD ($)
apartment
Mar. 31, 2025
USD ($)
community
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
Related Party Transaction [Line Items]                  
Number of communities owned | community             1    
Payments to acquire equity method investments             $ 3,934,000 $ 2,074,000  
Notes and other receivables             133,724,000   $ 206,706,000
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          
Commitment to unfund preferred equity investment in the project             $ 2,000,000    
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 | Apartment home community development development in Burlingame, CA                  
Related Party Transaction [Line Items]                  
Payments to acquire equity method investments         $ 18,600,000        
Apartment homes | apartment         268        
Preferred return rate   11.00%     12.00%   9.00%    
Related Party | Related Party Bridge Loan On Property Acquired By BEX II                  
Related Party Transaction [Line Items]                  
Notes receivable $ 53,600,000                
Notes receivable, interest rate 1.50%                
Related Party | Marcus & Millichap Company (MMC)                  
Related Party Transaction [Line Items]                  
Brokerage commissions             $ 0 0  
Related Party | Marcus & Millichap Company (MMC) | Apartment home community in Ventura, CA                  
Related Party Transaction [Line Items]                  
Apartment homes | apartment           400      
Preferred return rate           10.25% 9.00%    
Commitment to fund preferred equity investment           $ 26,500,000      
Affiliated Entity                  
Related Party Transaction [Line Items]                  
Notes and other receivables             $ 5,300,000   $ 5,600,000
Management and Other Fees From Affiliates | Related Party                  
Related Party Transaction [Line Items]                  
Related party transaction, amounts of transaction             2,500,000 2,800,000  
Revenues from Development and Redevelopment Fees | Related Party                  
Related Party Transaction [Line Items]                  
Related party transaction, amounts of transaction             $ 100,000 $ 100,000