Related Party Transactions (Details) $ in Thousands	1 Months Ended									3 Months Ended		6 Months Ended
	May 31, 2026 USD ($)	Feb. 28, 2026 USD ($) property	Aug. 31, 2025 USD ($) property	Apr. 30, 2023 USD ($)	Aug. 31, 2022 USD ($) community	Nov. 30, 2021 USD ($)	Sep. 30, 2021	Oct. 31, 2018 USD ($) apartment	May 31, 2018 USD ($) apartment	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)	Dec. 31, 2025 USD ($)
Related Party Transaction [Line Items]
Notes and other receivables										$ 96,334		$ 96,334		$ 141,591
Payments to acquire equity method investments												1,429	$ 8,727
Apartment home community development development in Burlingame, CA
Related Party Transaction [Line Items]
Cash received, preferred equity investments	$ 24,000
Equity Investment Joint Venture Property In Northern California
Related Party Transaction [Line Items]
Cash received, preferred equity investments				$ 11,200
Apartment home community in Ventura, CA
Related Party Transaction [Line Items]
Cash received, preferred equity investments						$ 18,300
Commitment funded amount												11,000
Commitment to fund, amount						$ 13,000
Commitment to unfund preferred equity investment in the project												$ 2,000
Related Party
Related Party Transaction [Line Items]
Notes receivable					$ 11,200
Notes receivable, interest rate (in percent)					9.50%
Number of communities owned (in community) | 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
Apartment homes (in apartments) | apartment								268
Preferred return rate (in percent)				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		$ 59,500	$ 81,200
Notes receivable, interest rate (in percent)		5.00%	5.50%
Related Party | Related Party Bridge Loan On Property Acquired By Wesco I | South California
Related Party Transaction [Line Items]
Number of mortgage related properties (in property) | property		1	1
Related Party | Marcus & Millichap Company (MMC) | Apartment home community in Ventura, CA
Related Party Transaction [Line Items]
Apartment homes (in apartments) | apartment									400
Preferred return rate (in percent)									10.25%			9.00%
Commitment to fund preferred equity investment									$ 26,500
Affiliated Entity
Related Party Transaction [Line Items]
Notes and other receivables										6,700		$ 6,700		$ 5,200
Management and Other Fees From Affiliates | Related Party
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction										2,400	$ 2,300	4,700	4,800
Revenues from Development and Redevelopment Fees | Related Party
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction										$ 100	$ 100	$ 100	$ 100