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Related Party Transactions (Details)
1 Months Ended 3 Months Ended 9 Months Ended
Aug. 31, 2025
USD ($)
Apr. 30, 2024
USD ($)
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 ($)
apartment
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Related Party Transaction [Line Items]                          
Payments to acquire equity method investments                     $ 31,024,000 $ 4,977,000  
Notes and other receivables                 $ 221,628,000   221,628,000   $ 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 Wesco I                          
Related Party Transaction [Line Items]                          
Notes receivable $ 81,200,000                        
Notes receivable, interest rate 5.50%                        
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                 88,100,000   $ 88,100,000   $ 5,600,000
Management and Other Fees From Affiliates | Related Party                          
Related Party Transaction [Line Items]                          
Related party transaction, amounts of transaction                 2,400,000 2,800,000 7,200,000 8,400,000  
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 $ 500,000