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Related Party Transactions (Details)
1 Months Ended 3 Months Ended
Mar. 31, 2024
USD ($)
Apr. 30, 2023
USD ($)
Aug. 31, 2022
USD ($)
community
Nov. 30, 2021
USD ($)
Feb. 28, 2019
USD ($)
Oct. 31, 2018
USD ($)
apartment
May 31, 2018
USD ($)
apartment
Mar. 31, 2024
USD ($)
Mar. 31, 2023
USD ($)
Dec. 31, 2023
USD ($)
Related Party Transaction [Line Items]                    
Payments to acquire preferred equity investments               $ 2,074,000 $ 7,967,000  
Notes and other receivables $ 183,040,000             183,040,000   $ 174,621,000
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       $ 11,000,000    
Commitment to fund, amount       $ 13,000,000            
Related Party                    
Related Party Transaction [Line Items]                    
Notes receivable     $ 11,200,000              
Notes receivable, interest rate     9.50%              
Number of communities owned | community     3              
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]                    
Payments to acquire preferred equity investments           $ 18,600,000        
Preferred return rate   11.00%       12.00%   9.00%    
Number of units acquired | apartment           268        
Related Party | Related Party Bridge Loan On Property Acquired By BEX II                    
Related Party Transaction [Line Items]                    
Notes receivable $ 53,600,000             $ 53,600,000    
Related Party | Related Party Bridge Loan On Property Acquired By BEX II | SOFR                    
Related Party Transaction [Line Items]                    
Notes receivable, interest rate 1.50%                  
Related Party | Marcus & Millichap Company (MMC)                    
Related Party Transaction [Line Items]                    
Brokerage commissions               $ 0 0  
Related Party | Marcus & Millichap Company (MMC) | Apartment home community in Ventura, CA                    
Related Party Transaction [Line Items]                    
Preferred return rate             10.25% 9.00%    
Number of units acquired | apartment             400      
Commitment to fund preferred equity investment             $ 26,500,000      
Affiliated Entity                    
Related Party Transaction [Line Items]                    
Notes and other receivables $ 5,900,000             $ 5,900,000   $ 6,100,000
Management and Other Fees From Affiliates | Related Party                    
Related Party Transaction [Line Items]                    
Related party transaction, amounts of transaction               2,800,000 3,300,000  
Revenues from Development and Redevelopment Fees | Related Party                    
Related Party Transaction [Line Items]                    
Related party transaction, amounts of transaction               $ 100,000 $ 500,000