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Related Party Transactions (Details)
1 Months Ended 3 Months Ended 9 Months Ended 50 Months Ended
Aug. 31, 2022
USD ($)
community
Feb. 28, 2022
USD ($)
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
Sep. 30, 2022
USD ($)
Dec. 31, 2021
USD ($)
Sep. 30, 2021
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
Related Party Transaction [Line Items]                                    
Debt assumed in connection with acquisition                               $ 21,303,000 $ 0  
Payments to acquire preferred equity investments                               159,461,000 223,175,000  
Preferred return rate                         9.50%          
Commitment to fund preferred equity investment                         $ 55,400,000          
Co-investments                         1,145,345,000 $ 1,177,802,000   1,145,345,000    
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                         3,700,000   $ 2,700,000 10,300,000 7,500,000  
Development and redevelopment fees                         900,000   500,000 2,000,000 800,000  
Notes receivable $ 11,200,000                                  
Number of communities owned | community 3                                  
Interest rate 9.50%                                  
Short-term loans outstanding and due from affiliates                         6,700,000 $ 6,600,000   $ 6,700,000    
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                 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                      
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