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Related Party Transactions (Details)
1 Months Ended 3 Months Ended 6 Months Ended 50 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 ($)
unit
Jun. 30, 2022
USD ($)
Dec. 31, 2021
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
Related Party Transaction [Line Items]                                  
Payments to acquire preferred equity investments                             $ 96,187,000 $ 160,719,000  
Co-investments                       $ 1,093,235,000 $ 1,177,802,000   1,093,235,000   $ 1,093,235,000
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                       3,500,000   $ 2,600,000 6,600,000 4,800,000  
Development and redevelopment fees                       700,000   300,000 1,100,000 300,000  
Short-term loans outstanding and due from affiliates                       6,900,000 $ 6,600,000   $ 6,900,000   6,900,000
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                            
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                        
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                      
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%             9.00%    
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   $ 0 $ 0 $ 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