XML 83 R62.htm IDEA: XBRL DOCUMENT v3.22.0.1
Related Party Transactions (Details)
$ in Thousands
1 Months Ended 12 Months Ended
Dec. 31, 2021
USD ($)
Nov. 30, 2021
USD ($)
Oct. 31, 2021
USD ($)
Sep. 30, 2021
USD ($)
Mar. 31, 2021
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
Mar. 31, 2017
USD ($)
unit
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2015
USD ($)
investment
Jun. 30, 2021
USD ($)
Nov. 30, 2016
USD ($)
Related Party Transaction [Line Items]                                        
Management and other fees from affiliates                         $ 10,300 $ 11,300 $ 13,800          
Revenues from development and redevelopment fees                         1,100 1,700 4,300          
Notes receivable $ 341,033                       341,033 195,104            
Debt assumed in connection with acquisition                         0 0 143,006          
Payments to acquire equity method investments                         306,266 114,017 $ 402,284          
Co-investments 1,177,802                       1,177,802 1,018,010            
Encumbrance 638,957                       638,957              
Redeemed equity method investment                               $ 5,000 $ 5,000      
Brio                                        
Related Party Transaction [Line Items]                                        
Number of units acquired | apartment               300                        
Purchase price               $ 164,900                        
Debt assumed in connection with acquisition               $ 98,700                        
Apartment Home Community in Ventura, California                                        
Related Party Transaction [Line Items]                                        
Number of units acquired | apartment                     400                  
Annualized preferred return rate                     10.25%                  
Commitment to fund preferred equity investment in the project 13,000                   $ 26,500                  
Purchase commitment, funded amount   $ 18,300                                    
Membership Interest in Sage at Cupertino                                        
Related Party Transaction [Line Items]                                        
Number of units acquired | unit                       230                
Co-investments                       $ 15,300                
Investment interest acquired                       40.50%                
Contract price                       $ 90,000                
Encumbrance                       $ 52,000                
Marcus and Millichamp Company TMMC Affiliate | Related Party Note Receivable, Secured, Bearing Interest at 9.5%, Due October 2019                                        
Related Party Transaction [Line Items]                                        
Due from Affiliates 6,600                       6,600 4,700            
Notes receivable                                       $ 6,600
Affiliated Entity | Multifamily Development in Mountain View, California                                        
Related Party Transaction [Line Items]                                        
Payments to acquire equity method investments                 $ 24,500                      
Annualized preferred return rate                 11.00%                      
Affiliated Entity | Home Community Development in Burlingame, California                                        
Related Party Transaction [Line Items]                                        
Number of units acquired | apartment                   268                    
Payments to acquire equity method investments                   $ 18,600                    
Annualized preferred return rate                   12.00%                    
Affiliated Entity | Related Party Bridge Loan on Property in Vista, CA                                        
Related Party Transaction [Line Items]                                        
Notes receivable, related parties 48,600 $ 48,400                     48,600              
Interest rate   2.36%                                    
Affiliated Entity | Related Party Bridge Loan On Property Acquired By Wesco VI | The Rexford                                        
Related Party Transaction [Line Items]                                        
Notes receivable, related parties 62,100 $ 61,900                     62,100              
Interest rate   2.36%                                    
Affiliated Entity | Related Party Bridge Loan On Property Acquired By Wesco VI | Monterra In Mill Creek                                        
Related Party Transaction [Line Items]                                        
Notes receivable, related parties 30,400   $ 30,300                   30,400              
Interest rate     2.30%                                  
Affiliated Entity | Related Party Bridge Loan On Property Acquired By Wesco VI | Martha Lake Apartments                                        
Related Party Transaction [Line Items]                                        
Notes receivable, related parties $ 29,300     $ 29,200                 $ 29,300              
Interest rate       2.15%                                
Affiliated Entity | Related Party Bridge Loans On Property Acquired By Wesco I                                        
Related Party Transaction [Line Items]                                        
Notes receivable, related parties                                     $ 52,500  
Interest rate         2.55%                              
Affiliated Entity | Related Party Bridge Loans on Property Acquired by Wesco V                                        
Related Party Transaction [Line Items]                                        
Notes receivable, related parties           $ 85,500 $ 89,000                          
Interest rate           1.30% 1.30%                          
Affiliated Entity | Related Party Bridge Loan on Property Acquired by Bex Iv                                        
Related Party Transaction [Line Items]                                        
Notes receivable, related parties             $ 44,400                          
Interest rate             3.25%                          
Limited Liability Company                                        
Related Party Transaction [Line Items]                                        
Payments to acquire equity method investments                                   $ 20,000    
Number of equity method investments acquired during the period | investment                                   3    
Cumulative dividend rate                                   9.50%    
Disposition of Multi-family Properties | Marcus and Millichamp Company TMMC Affiliate                                        
Related Party Transaction [Line Items]                                        
Payments for brokerage fees                           $ 200