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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Reconciliation of Revenues and Operating Profit (Loss) from Segments to Consolidated
The revenues and NOI for each of the reportable operating segments are summarized as follows for the three and nine months ended September 30, 2025 and 2024 ($ in thousands):
 Three Months Ended September 30,
 20252024
Rental and
other property
revenue
Property
operating
expenses,
including
real estate taxes		Net operating
income
Rental and
other property
revenue
Property
operating
expenses,
including
real estate taxes		Net operating
income
Southern California$190,626 $57,828 $132,798 $181,673 $53,584 $128,089 
Northern California193,208 61,158 132,050 168,838 52,230 116,608 
Seattle Metro79,240 23,333 55,907 74,576 22,597 51,979 
Other real estate assets7,868 1,117 6,751 23,048 6,381 16,667 
Total$470,942 $143,436 $327,506 $448,135 $134,792 $313,343 
Total net operating income327,506 313,343 
Management and other fees from affiliates2,361 2,563 
Corporate-level property management expenses(12,216)(11,610)
Depreciation and amortization(151,489)(146,439)
General and administrative(18,058)(29,067)
Expensed acquisition and investment related costs(25)— 
Gain on sale of real estate and land62,320 — 
Interest expense(64,660)(59,232)
Total return swap income1,329 807 
Interest and other income5,900 11,449 
Equity income from co-investments17,798 11,649 
Tax benefit on unconsolidated technology co-investments1,958 441 
Gain on remeasurement of co-investment— 31,583 
Net income$172,724 $125,487 
Nine Months Ended September 30,
20252024
Rental and
other property
revenue
Property
operating
expenses,
including
real estate taxes		Net operating
income
Rental and
other property
revenue
Property
operating
expenses,
including
real estate taxes		Net operating
income
Southern California$568,992 $167,422 $401,570 $530,051 $154,727 $375,324 
Northern California563,915 175,499 388,416 490,824 148,956 341,868 
Seattle Metro234,751 67,691 167,060 220,271 65,619 154,652 
Other real estate assets32,983 6,874 26,109 70,986 18,522 52,464 
Total$1,400,641 $417,486 $983,155 $1,312,132 $387,824 $924,308 
Total net operating income983,155 924,308 
Management and other fees from affiliates7,078 7,849 
Corporate-level property management expenses(36,768)(34,331)
Depreciation and amortization(454,277)(431,785)
General and administrative(51,507)(67,374)
Expensed acquisition and investment related costs(25)(68)
Gain on sale of real estate and land299,524 — 
Interest expense(192,654)(174,285)
Total return swap income3,600 2,232 
Interest and other income16,997 78,292 
Equity income from co-investments39,984 33,667 
Tax benefit on unconsolidated technology co-investments2,353 1,199 
Loss on early retirement of debt(762)— 
Gain on remeasurement of co-investment330 169,909 
Net income$617,028 $509,613 
Schedule of Reconciliation of Assets from Segment to Consolidated
Total assets for each of the reportable operating segments are summarized as follows as of September 30, 2025 and December 31, 2024 ($ in thousands):
 September 30, 2025December 31, 2024
Assets:
Southern California$4,061,622 $4,162,462 
Northern California6,038,112 5,414,689 
Seattle Metro1,426,094 1,460,865 
Other real estate assets (1)
163,492 400,884 
Net reportable operating segments - real estate assets11,689,320 11,438,900 
Real estate under development139,161 52,682 
Co-investments808,238 935,014 
Cash and cash equivalents, including restricted cash75,243 75,846 
Marketable securities84,116 69,794 
Notes and other receivables221,628 206,706 
Operating lease right-of-use assets51,682 51,556 
Prepaid expenses and other assets80,853 96,861 
Total assets$13,150,241 $12,927,359 

(1)Includes retail space, commercial properties, held for sale properties and disposition properties.