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Segment Information (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2023
USD ($)
segment
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Segment Reporting [Abstract]      
Number of reportable operating segments defined by geographical regions | segment 3    
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total property revenues $ 1,658,264 $ 1,595,675 $ 1,431,418
Total net operating income 1,172,785 1,128,406 986,182
Management and other fees from affiliates 11,131 11,139 9,138
Corporate-level property management expenses (45,872) (40,704) (36,211)
Depreciation and amortization (548,438) (539,319) (520,066)
General and administrative (63,474) (56,577) (51,838)
Expensed acquisition and investment related costs (595) (2,132) (203)
Casualty loss (433) 0 0
Gain on sale of real estate and land 59,238 94,416 142,993
Interest expense (212,905) (204,798) (203,125)
Total return swap income 3,148 7,907 10,774
Interest and other income (loss) 46,259 (19,040) 98,744
Equity income from co-investments 10,561 26,030 111,721
Tax (expense) benefit on unconsolidated co-investments (697) 10,236 (15,668)
Loss on early retirement of debt, net 0 (2) (19,010)
Gain on remeasurement of co-investment 0 17,423 2,260
Net income 430,708 432,985 515,691
Assets:      
Net reportable operating segments - real estate assets 10,470,292 10,814,094  
Real estate under development 23,724 24,857  
Co-investments 1,061,733 1,127,491  
Cash and cash equivalents, including restricted cash 400,334 42,681  
Marketable securities 87,795 112,743  
Notes and other receivables 174,621 103,045  
Operating lease right-of-use assets 63,757 67,239  
Prepaid expenses and other assets 79,171 80,755  
Total assets 12,361,427 12,372,905  
Rental and other property      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total property revenues 1,658,264 1,595,675 1,431,418
Management and other fees from affiliates      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Management and other fees from affiliates 11,131 11,139 9,138
Operating segments | Southern California      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net operating income 483,013 459,762 398,576
Assets:      
Net reportable operating segments - real estate assets 3,802,648 3,892,003  
Operating segments | Southern California | Rental and other property      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total property revenues 682,116 646,252 574,129
Operating segments | Northern California      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net operating income 464,949 445,933 401,870
Assets:      
Net reportable operating segments - real estate assets 5,242,343 5,414,467  
Operating segments | Northern California | Rental and other property      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total property revenues 666,836 639,306 584,034
Operating segments | Seattle Metro      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net operating income 201,228 191,476 160,959
Assets:      
Net reportable operating segments - real estate assets 1,333,030 1,374,379  
Operating segments | Seattle Metro | Rental and other property      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total property revenues 282,092 271,248 239,839
Other real estate assets      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net operating income 23,595 31,235 24,777
Assets:      
Net reportable operating segments - real estate assets 92,271 133,245  
Other real estate assets | Rental and other property      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total property revenues $ 27,220 $ 38,869 $ 33,416