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Significant Transactions - Schedule of Acquisition (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2023
USD ($)
property
apartment
North Carolina And South Florida | Apartment Community  
Business Acquisition [Line Items]  
Number of apartment communities | property 3
Number of apartment homes | apartment 1,115
Purchase price $ 452,500
Capitalized transaction costs 6,739
Total consideration 459,239
Land 118,564
Building and improvements 318,364
Intangible assets 17,845
Mark-to-market on debt assumed 7,370
Below-market lease liabilities (2,904)
Total consideration $ 459,239
South Florida  
Business Acquisition [Line Items]  
Number of apartment communities | property 1
Debts assumed $ 101,200
Common OP units issuance $ 22,400
South Florida | Below-market leases  
Business Acquisition [Line Items]  
Weighted-average term 6 months
South Florida | Intangible Assets  
Business Acquisition [Line Items]  
Weighted-average term 1 year 4 months 24 days
North Carolina | Below-market leases  
Business Acquisition [Line Items]  
Weighted-average term 6 months