Real Estate Investments - Preferred Equity Investments and Real Estate Under Development (Details)	1 Months Ended		12 Months Ended
	Aug. 31, 2022 USD ($)	Nov. 30, 2021 USD ($) apartment	Dec. 31, 2022 USD ($) apartment investment	Dec. 31, 2021 USD ($) investment	Dec. 31, 2020 USD ($) investment	Dec. 31, 2019 USD ($) investment	Dec. 31, 2018 USD ($) investment
Schedule of Equity Method Investments [Line Items]
Co-investment			$ 1,127,491,000	$ 1,177,802,000
Commitment to fund preferred equity investment in the project			$ 84,900,000
Number of investments with a commitment to fund | investment			7
Impairment loss from unconsolidated co-investment			$ 2,100,000	$ 0	$ 0
Ownership Interests, number of unconsolidated projects | investment			1
Number of units to be developed | apartment			264
Real Estate Predevelopment Projects
Schedule of Equity Method Investments [Line Items]
Actual cost of active development projects			$ 102,000,000
Affiliated Entity
Schedule of Equity Method Investments [Line Items]
Notes receivable, related parties	$ 11,200,000
Interest rate	9.50%
Minimum
Schedule of Equity Method Investments [Line Items]
Annualized preferred return rate			8.80%	10.00%	9.00%	10.15%	10.25%
Maximum
Schedule of Equity Method Investments [Line Items]
Annualized preferred return rate			10.80%	12.50%	11.50%	11.30%	12.00%
Equity Method Investments
Schedule of Equity Method Investments [Line Items]
Commitment to fund preferred equity investment in the project				$ 67,200,000	$ 191,300,000	$ 141,700,000	$ 45,100,000
Number of investments with a commitment to fund | investment			3	4	7	5	2
Proceeds from dispositions of co-investments			$ 132,600,000
Silver Apartments
Schedule of Equity Method Investments [Line Items]
Commitment to fund preferred equity investment in the project		$ 13,500,000
Annualized preferred return rate		8.00%
Transfer from co-investments to rental properties		$ 11,000,000
Number of units acquired | apartment		268
Limited partnership interest		58.00%
Silver Apartments | Related Party Bridge Loans on Property Acquired by Wesco VI | Affiliated Entity
Schedule of Equity Method Investments [Line Items]
Notes receivable, related parties		$ 100,000,000
Interest rate		3.15%
Total preferred interest co-investments
Schedule of Equity Method Investments [Line Items]
Co-investment			580,100,000	$ 565,900,000
2022 Investments | Equity Method Investments
Schedule of Equity Method Investments [Line Items]
Commitment to fund preferred equity investment in the project			84,900,000
2021 Investments | Equity Method Investments
Schedule of Equity Method Investments [Line Items]
Commitment to fund preferred equity investment in the project			67,200,000
2020 Investments | Equity Method Investments
Schedule of Equity Method Investments [Line Items]
Commitment to fund preferred equity investment in the project			191,300,000
Equity method investment, funded amount			182,300,000
2019 Investments | Equity Method Investments
Schedule of Equity Method Investments [Line Items]
Equity method investment, funded amount			141,700,000
2018 Investments | Equity Method Investments
Schedule of Equity Method Investments [Line Items]
Commitment to fund preferred equity investment in the project			45,100,000
Equity method investment, funded amount			$ 42,100,000
Preferred Equity Investment Property in Southern California
Schedule of Equity Method Investments [Line Items]
Number of investments with a commitment to fund | investment			2
Early redemption fee			$ 900,000