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Significant Transactions - Schedule of Acquisition (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
USD ($)
property
apartment
Sep. 30, 2023
USD ($)
apartment
property
South Florida    
Business Acquisition [Line Items]    
Number of apartment communities acquired | property   1
Number of apartment homes | apartment 495  
Debts assumed   $ 101,200
Common OP units issuance   $ 22,400
South Florida | Intangible Assets    
Business Acquisition [Line Items]    
Weighted-average term   1 year 4 months 24 days
South Florida | Below-market leases    
Business Acquisition [Line Items]    
Weighted-average term   6 months
NORTH CAROLINA | Below-market leases    
Business Acquisition [Line Items]    
Weighted-average term   6 months
North Carolina And South Florida | Apartment Community    
Business Acquisition [Line Items]    
Number of apartment communities acquired | property 2 3
Number of apartment homes | apartment 620 1,115
Purchase price $ 154,500 $ 452,500
Capitalized transaction costs 1,270 6,739
Total consideration 155,770 459,239
Land 19,226 118,564
Building and improvements 130,937 318,364
Intangible assets 5,768 17,845
Mark-to-market on debt assumed 0 7,370
Below-market lease liabilities (161) (2,904)
Total consideration $ 155,770 $ 459,239