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Related Party Transactions (Details)
1 Months Ended 3 Months Ended 47 Months Ended
Mar. 31, 2022
USD ($)
Jan. 31, 2022
USD ($)
Nov. 30, 2021
USD ($)
Oct. 31, 2021
USD ($)
Sep. 30, 2021
USD ($)
Mar. 31, 2021
USD ($)
Jun. 30, 2019
USD ($)
apartment
Feb. 28, 2019
USD ($)
Oct. 31, 2018
USD ($)
apartment
May 31, 2018
USD ($)
apartment
Mar. 31, 2017
USD ($)
unit
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Sep. 30, 2021
USD ($)
Mar. 31, 2021
USD ($)
Mar. 31, 2022
USD ($)
Related Party Transaction [Line Items]                                
Payments to acquire preferred equity investments                       $ 79,284,000     $ 49,974,000  
Co-investments $ 1,144,542,000                     1,144,542,000 $ 1,177,802,000     $ 1,144,542,000
Apartment home community in Ventura, CA                                
Related Party Transaction [Line Items]                                
Commitment funded amount     $ 18,300,000                          
Membership Interest In Sage At Cupertino                                
Related Party Transaction [Line Items]                                
Number of units acquired | unit                     230          
Co-investments                     $ 15,300,000          
Investment interest acquired                     40.50%          
Contract price                     $ 90,000,000          
Encumbrance                     $ 52,000,000          
Affiliated Entity                                
Related Party Transaction [Line Items]                                
Management and other fees from affiliates                       3,100,000     2,200,000  
Development and redevelopment fees                       400,000     0  
Short-term loans outstanding and due from affiliates 7,100,000                     7,100,000 $ 6,600,000     7,100,000
Affiliated Entity | Related Party Bridge Loan On Property Acquired By BEX II                                
Related Party Transaction [Line Items]                                
Notes receivable $ 32,800,000   $ 32,800,000                 32,800,000       32,800,000
Interest rate 1.35%   1.35%                          
Affiliated Entity | Related Party Bridge Loan on Property Acquired By Wesco VI | The Rexford                                
Related Party Transaction [Line Items]                                
Notes receivable     $ 61,900,000                          
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       $ 30,300,000                        
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         $ 29,200,000                 $ 29,200,000    
Interest rate         2.15%                      
Affiliated Entity | Related Party Bridge Loan on Property Acquired By Wesco VI | Vela On Ox                                
Related Party Transaction [Line Items]                                
Notes receivable   $ 100,700,000                            
Interest rate   2.64%                            
Affiliated Entity | Related Party Bridge Loan on Property In Vista, CA                                
Related Party Transaction [Line Items]                                
Notes receivable     $ 48,400,000                          
Interest rate     2.36%                          
Affiliated Entity | Related Party Bridge Loans on Property Acquired by Wesco I                                
Related Party Transaction [Line Items]                                
Notes receivable           $ 52,500,000                 $ 52,500,000  
Interest rate           2.55%                    
Chairman and founder | Multifamily development community in Mountain View, 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%         9.00%    
Chairman and founder | Marcus & Millichap Company (MMC)                                
Related Party Transaction [Line Items]                                
Brokerage commissions                       $ 0        
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%     9.00%      
Commitment to fund preferred equity investment                   $ 26,500,000            
Commitment funded amount                               $ 13,000,000