Real Estate Investments - Co-Investments (Details) $ in Thousands	1 Months Ended					12 Months Ended
	Aug. 31, 2022 USD ($)	Apr. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Jan. 31, 2022 USD ($) property	Jun. 30, 2021 USD ($)	Dec. 31, 2022 USD ($) apartment investment	Dec. 31, 2021 USD ($) apartment	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Business Acquisition [Line Items]
Co-investment						$ 1,127,491	$ 1,177,802
Investments in (distributions in excess of investments in) and advance to affiliates, subsidiaries, associates and joint ventures						1,084,959	1,142,257
Membership Combined Balance Sheets [Abstract]
Rental properties and real estate under development						24,857	111,562
Total assets						12,372,905	12,997,873
Debt						6,450,639	6,786,699
Other liabilities						43,441	39,969
Equity						5,895,116	6,176,508	$ 6,183,192	$ 6,403,504
Total liabilities and capital						12,372,905	12,997,873
Membership Combined Statements Of Income [Abstract]
Total revenues						1,606,814	1,440,556	1,495,748
Interest expense						(204,798)	(203,125)	(220,633)
General and administrative						(56,577)	(51,838)	(65,388)
Net income						432,985	515,691	599,332
Equity income from co-investments						$ 26,030	$ 111,721	66,512
Apartment Building
Business Acquisition [Line Items]
Number of units acquired | apartment						211	123
Purchase price					$ 63,500	$ 32,900	$ 133,600
Investments with Related Parties
Membership Combined Statements Of Income [Abstract]
Equity income from co-investments						7,400	9,100	8,600
Total Co-Investment
Membership Combined Balance Sheets [Abstract]
Rental properties and real estate under development						4,955,051	4,603,465
Other assets						294,663	278,411
Total assets						5,249,714	4,881,876
Debt						3,397,113	3,046,765
Other liabilities						264,872	200,129
Equity						1,587,729	1,634,982
Total liabilities and capital						5,249,714	4,881,876
Company's share of equity						1,084,959	1,142,257
Membership Combined Statements Of Income [Abstract]
Total revenues						373,074	289,680	300,624
Property operating expenses						(140,175)	(115,023)	(108,682)
Net operating income						232,899	174,657	191,942
Interest expense						(100,913)	(65,172)	(78,962)
General and administrative						(20,579)	(17,885)	(17,079)
Depreciation and amortization						(164,186)	(133,787)	(117,836)
Net income						(52,779)	(42,187)	(21,935)
Company's share of net income						$ 26,030	111,721	$ 66,512
Investments in Majority-Owned Subsidiaries
Business Acquisition [Line Items]
Number of co-investments | investment						6
Co-investment						$ 39,400
Investments in (distributions in excess of investments in) and advance to affiliates, subsidiaries, associates and joint ventures						87,000
Affiliated Entity
Business Acquisition [Line Items]
Notes receivable, related parties	$ 11,200
Interest rate	9.50%
Affiliated Entity | Vela on Ox | Related Party Bridge Loans on Property Acquired by Wesco VI
Business Acquisition [Line Items]
Notes receivable, related parties				$ 100,700
Interest rate				2.64%
Wesco VI, LLC
Business Acquisition [Line Items]
Promote interest		$ 37,500
Ownership percentage		65.10%
Wesco VI, LLC | Apartment Building | Vela on Ox
Business Acquisition [Line Items]
Number of units acquired | property				379
Purchase price				$ 183,000
Wesco III, LLC
Business Acquisition [Line Items]
Promote interest			$ 17,100
Wesco I, III, IV, V, and VI
Business Acquisition [Line Items]
Investments in (distributions in excess of investments in) and advance to affiliates, subsidiaries, associates and joint ventures						$ 178,552	168,198
Ownership percentage						54.00%
BEXAEW, BEX II, BEX IV and 500 Folsom
Business Acquisition [Line Items]
Investments in (distributions in excess of investments in) and advance to affiliates, subsidiaries, associates and joint ventures						$ 238,537	270,550
Ownership percentage						50.00%
Other
Business Acquisition [Line Items]
Investments in (distributions in excess of investments in) and advance to affiliates, subsidiaries, associates and joint ventures						$ 74,742	126,503
Ownership percentage						52.00%
Total operating and other co-investments, net
Business Acquisition [Line Items]
Investments in (distributions in excess of investments in) and advance to affiliates, subsidiaries, associates and joint ventures						$ 491,831	565,251
Total development co-investments
Business Acquisition [Line Items]
Investments in (distributions in excess of investments in) and advance to affiliates, subsidiaries, associates and joint ventures						$ 12,994	11,076
Ownership percentage						51.00%
Total preferred interest co-investments
Business Acquisition [Line Items]
Co-investment						$ 580,100	565,900
Investments in (distributions in excess of investments in) and advance to affiliates, subsidiaries, associates and joint ventures						580,134	565,930
Total preferred interest co-investments | Investments in Majority-Owned Subsidiaries
Business Acquisition [Line Items]
Investments in (distributions in excess of investments in) and advance to affiliates, subsidiaries, associates and joint ventures						87,100	71,100
Wesco I
Business Acquisition [Line Items]
Investments in (distributions in excess of investments in) and advance to affiliates, subsidiaries, associates and joint ventures						41,700	35,300
Expo
Business Acquisition [Line Items]
Investments in (distributions in excess of investments in) and advance to affiliates, subsidiaries, associates and joint ventures						$ 800	$ 200