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Related Party Transactions (Details)
1 Months Ended 3 Months Ended 6 Months Ended
Apr. 30, 2024
USD ($)
Apr. 30, 2023
USD ($)
Aug. 31, 2022
USD ($)
community
Nov. 30, 2021
USD ($)
Sep. 30, 2021
Oct. 31, 2018
USD ($)
apartment
May 31, 2018
USD ($)
apartment
Jun. 30, 2025
USD ($)
community
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
community
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Related Party Transaction [Line Items]                        
Number of communities owned | community               1   1    
Payments to acquire equity method investments                   $ 8,727,000 $ 3,804,000  
Notes and other receivables               $ 138,096,000   138,096,000   $ 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%     9.00% 12.00%            
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 $ 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               5,900,000   $ 5,900,000   $ 5,600,000
Management and Other Fees From Affiliates | Related Party                        
Related Party Transaction [Line Items]                        
Related party transaction, amounts of transaction               2,300,000 2,800,000 4,800,000 5,600,000  
Revenues from Development and Redevelopment Fees | Related Party                        
Related Party Transaction [Line Items]                        
Related party transaction, amounts of transaction               $ 100,000 $ 200,000 $ 100,000 $ 300,000