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Related Party Transactions (Details)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended 23 Months Ended
Nov. 30, 2019
USD ($)
Aug. 31, 2019
USD ($)
Jun. 30, 2019
USD ($)
apartment
Feb. 28, 2019
USD ($)
Oct. 31, 2018
USD ($)
apartment
May 31, 2018
USD ($)
apartment
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2015
USD ($)
investment
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Nov. 30, 2016
USD ($)
Related Party Transaction [Line Items]                                  
Debt assumed in connection with acquisition                   $ 0 $ 98,681,000            
Payments to acquire preferred equity investments                   43,817,000 167,278,000            
Preferred return rate               11.30%                  
Commitment to fund preferred equity investment               $ 91,400,000                  
Affiliated Entity                                  
Related Party Transaction [Line Items]                                  
Management and other fees from affiliates             $ 2,600,000   $ 3,500,000 5,700,000 6,900,000            
Development and redevelopment fees             300,000   $ 1,300,000 800,000 $ 2,400,000            
Short-term loans outstanding and due from affiliates             5,200,000     5,200,000           $ 4,400,000  
Affiliated Entity | Related party bridge loan - Wesco V                                  
Related Party Transaction [Line Items]                                  
Notes receivable $ 85,500,000 $ 89,000,000.0                              
Interest rate 1.30% 1.30%                              
Affiliated Entity | Related party bridge loan - BEX IV                                  
Related Party Transaction [Line Items]                                  
Notes receivable   $ 44,400,000                              
Interest rate   3.25%                              
Chairman and founder                                  
Related Party Transaction [Line Items]                                  
Payments to acquire preferred equity investments                           $ 20,000,000.0      
Number of preferred equity method investments acquired during period (in investments) | investment                           3      
Preferred stock, stated interest percentage                           9.50%      
Redeemed amount                       $ 5,000,000.0 $ 5,000,000.0        
Chairman and founder | Multifamily development community in La Mesa, CA                                  
Related Party Transaction [Line Items]                                  
Payments to acquire preferred equity investments       $ 24,500,000                          
Preferred return rate       11.00%                          
Chairman and founder | Apartment home community development development in Burlingame, CA                                  
Related Party Transaction [Line Items]                                  
Number of units acquired | apartment         268                        
Payments to acquire preferred equity investments         $ 18,600,000                        
Preferred return rate         12.00%                        
Chairman and founder | Marcus & Millichap Company (MMC)                                  
Related Party Transaction [Line Items]                                  
Brokerage commissions             $ 0     $ 200,000              
Chairman and founder | Marcus & Millichap Company (MMC) | Brio, Walnut Creek, CA                                  
Related Party Transaction [Line Items]                                  
Number of units acquired | apartment     300                            
Payments to acquire real estate     $ 164,900,000                            
Debt assumed in connection with acquisition     $ 98,700,000                            
Chairman and founder | Marcus & Millichap Company (MMC) | Apartment home community in Ventura, CA                                  
Related Party Transaction [Line Items]                                  
Number of units acquired | apartment           400                      
Preferred return rate           10.25%                      
Commitment to fund preferred equity investment           $ 26,500,000                      
Commitment funded amount                             $ 23,100,000    
Chairman and founder | Marcus & Millichap Company (MMC) | Related party note due October 2019                                  
Related Party Transaction [Line Items]                                  
Notes receivable                                 $ 6,600,000