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Related Party Transactions (Details)
1 Months Ended 3 Months Ended 59 Months Ended
Aug. 31, 2022
USD ($)
community
Jan. 31, 2022
USD ($)
Nov. 30, 2021
USD ($)
Oct. 31, 2021
USD ($)
Sep. 30, 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, 2023
USD ($)
Mar. 31, 2022
USD ($)
Mar. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Feb. 28, 2022
USD ($)
Related Party Transaction [Line Items]                              
Payments to acquire preferred equity investments                     $ 7,967,000 $ 79,284,000      
Co-investments                     1,131,183,000   $ 1,131,183,000 $ 1,127,491,000  
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                     3,300,000 3,100,000      
Development and redevelopment fees                     500,000 400,000      
Notes receivable $ 11,200,000                            
Number of communities owned | community 3                            
Interest rate 9.50%                            
Short-term loans outstanding and due from affiliates                     $ 6,900,000   6,900,000 $ 7,000,000  
Affiliated Entity | Related Party Bridge Loan On Property Acquired By BEX II                              
Related Party Transaction [Line Items]                              
Notes receivable                             $ 32,800,000
Affiliated Entity | Related Party Bridge Loan on Property Acquired By Wesco VI                              
Related Party Transaction [Line Items]                              
Proceeds from redemption of notes receivable   $ 121,300,000                          
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%                        
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      
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