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Related Party Transactions (Details)
1 Months Ended 3 Months Ended 6 Months Ended
Apr. 30, 2023
USD ($)
Aug. 31, 2022
USD ($)
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 ($)
unit
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
Feb. 28, 2022
USD ($)
Related Party Transaction [Line Items]                                  
Payments to acquire preferred equity investments                           $ 15,571,000 $ 96,187,000    
Co-investments                       $ 1,122,114,000   1,122,114,000   $ 1,127,491,000  
Notes and other receivables                       150,464,000   150,464,000   103,045,000  
Apartment home community development development in Burlingame, CA                                  
Related Party Transaction [Line Items]                                  
Commitment funded amount $ 11,200,000                                
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            
Related Party                                  
Related Party Transaction [Line Items]                                  
Notes receivable   $ 11,200,000                              
Number of communities owned | community   3                              
Asset acquisition, yield percentage   9.50%                              
Related Party | Management and Other Fees From Affiliates                                  
Related Party Transaction [Line Items]                                  
Related party transaction, amounts of transaction                       3,200,000 $ 3,500,000 6,400,000 6,600,000    
Related Party | Revenues from Development and Redevelopment Fees                                  
Related Party Transaction [Line Items]                                  
Related party transaction, amounts of transaction                       500,000 700,000 $ 1,000,000 1,100,000    
Related Party | 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%      
Related Party | 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 11.00%               12.00%         9.00%      
Related Party | Related Party Bridge Loan On Property Acquired By BEX II                                  
Related Party Transaction [Line Items]                                  
Notes receivable                                 $ 32,800,000
Related Party | Related Party Bridge Loan on Property Acquired By Wesco VI                                  
Related Party Transaction [Line Items]                                  
Proceeds from redemption of notes receivable     $ 121,300,000                            
Related Party | Related Party Bridge Loan on Property Acquired By Wesco VI | The Rexford                                  
Related Party Transaction [Line Items]                                  
Notes receivable       $ 61,900,000                          
Asset acquisition, yield percentage       2.36%                          
Related Party | Related Party Bridge Loan on Property Acquired By Wesco VI | Monterra in Mill Creek                                  
Related Party Transaction [Line Items]                                  
Notes receivable         $ 30,300,000                        
Asset acquisition, yield percentage         2.30%                        
Related Party | Related Party Bridge Loan on Property Acquired By Wesco VI | Martha Lake Apartments                                  
Related Party Transaction [Line Items]                                  
Notes receivable           $ 29,200,000                      
Asset acquisition, yield percentage           2.15%                      
Related Party | Related Party Bridge Loan on Property Acquired By Wesco VI | Vela On Ox                                  
Related Party Transaction [Line Items]                                  
Notes receivable     $ 100,700,000                            
Asset acquisition, yield percentage     2.64%                            
Related Party | Related Party Bridge Loan on Property In Vista, CA                                  
Related Party Transaction [Line Items]                                  
Notes receivable       $ 48,400,000                          
Asset acquisition, yield percentage       2.36%                          
Related Party | Marcus & Millichap Company (MMC)                                  
Related Party Transaction [Line Items]                                  
Brokerage commissions                       0 $ 0 $ 0 $ 0    
Related Party | 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                    
Related Party | 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 funded amount                           $ 13,000,000      
Commitment to fund preferred equity investment                   $ 26,500,000              
Affiliated Entity                                  
Related Party Transaction [Line Items]                                  
Notes and other receivables                       $ 6,100,000   $ 6,100,000   $ 7,000,000