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Related Party Transactions (Details)
1 Months Ended 12 Months Ended
Apr. 30, 2023
USD ($)
Aug. 31, 2022
USD ($)
community
Jan. 31, 2022
USD ($)
Nov. 30, 2021
USD ($)
Oct. 31, 2021
USD ($)
Sep. 30, 2021
USD ($)
Mar. 31, 2021
USD ($)
Feb. 28, 2019
USD ($)
Oct. 31, 2018
USD ($)
apartment
May 31, 2018
USD ($)
apartment
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Feb. 28, 2022
USD ($)
Related Party Transaction [Line Items]                            
Notes and other receivables                     $ 174,621,000 $ 103,045,000    
Payments to acquire equity method investments                     37,405,000 163,188,000 $ 306,266,000  
Commitment to fund preferred equity investment in the project                     $ 18,800,000 84,900,000    
Home Community Development in Burlingame, California                            
Related Party Transaction [Line Items]                            
Purchase commitment, funded amount $ 11,200,000                          
Apartment Home Community in Ventura, California                            
Related Party Transaction [Line Items]                            
Number of units acquired | apartment                   400        
Annualized preferred return rate                   10.25% 9.00%      
Purchase commitment, funded amount       $ 18,300,000                    
Commitment to fund preferred equity investment in the project       13,000,000           $ 26,500,000 $ 10,000,000      
Related Party                            
Related Party Transaction [Line Items]                            
Notes receivable   $ 11,200,000                        
Number of communities owned | community   3                        
Fixed interest rate   9.50%                        
Related Party | Multifamily Development in Mountain View, California                            
Related Party Transaction [Line Items]                            
Payments to acquire equity method investments               $ 24,500,000            
Annualized preferred return rate               11.00%            
Related Party | Multifamily Development In Mountain View, CA                            
Related Party Transaction [Line Items]                            
Annualized preferred return rate               9.00%            
Related Party | Home Community Development in Burlingame, California                            
Related Party Transaction [Line Items]                            
Number of units acquired | apartment                 268          
Payments to acquire equity method investments                 $ 18,600,000          
Annualized 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]                            
Notes receivable     $ 100,700,000                      
Fixed interest rate     2.64%                      
Cash received from collection of note 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                    
Fixed interest rate       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                  
Fixed interest rate         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                
Fixed interest rate           2.15%                
Related Party | Related Party Bridge Loan on Property in Vista, CA                            
Related Party Transaction [Line Items]                            
Notes receivable       $ 48,400,000                    
Fixed interest rate       2.36%                    
Related Party | Related Party Bridge Loans On Property Acquired By Wesco I                            
Related Party Transaction [Line Items]                            
Notes receivable             $ 52,500,000              
Fixed interest rate             2.55%              
Related Party | Management And Other Fees From Affiliates                            
Related Party Transaction [Line Items]                            
Related party transaction, amounts of transaction                     $ 12,700,000 14,100,000 10,300,000  
Related Party | Revenues From Development And Redevelopment Fees                            
Related Party Transaction [Line Items]                            
Related party transaction, amounts of transaction                     1,800,000 3,000,000 1,100,000  
Affiliated Entity                            
Related Party Transaction [Line Items]                            
Notes and other receivables                     6,100,000 7,000,000    
Marcus and Millichap Company | Related Party                            
Related Party Transaction [Line Items]                            
Sales commissions and fees                     $ 0 $ 0 $ 0