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Investments in Partially Owned Entities (Tables) | 3 Months Ended
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Mar. 31, 2025
Investments In Partially Owned Entities [Abstract] |
Summary of Company's Consolidated Joint Ventures | The following table summarizes the Company’s consolidated joint ventures as of March 31, 2025:
|  | Operating Properties |  |  | Projects Under Development (1) |
|  | Properties |  |  | Apartment Units |  |  | Projects |  |  | Apartment Units (2) |
Consolidated Joint Ventures (VIE) |  |  | 12 |  |  |  | 2,656 |  |  |  | 1 |  |  |  | 440 |
(1) Represents separate consolidated joint ventures for the purpose of developing multifamily rental properties. (2) Represents the intended number of apartment units to be developed.
Summary of Consolidated Assets and Liabilities Related to the Company's VIEs | The following table provides consolidated assets and liabilities related to the Company's VIEs as of March 31, 2025 and December 31, 2024 (amounts in thousands):
|  | March 31, 2025 |  |  | December 31, 2024 |
Consolidated Assets |  | $ | 536,378 |  |  | $ | 528,076 |
Consolidated Liabilities |  | $ | 50,834 |  |  | $ | 47,137 |
Summary of Company's Investment in Unconsolidated Entities | The following table and information summarizes the Company’s investments in unconsolidated entities as of March 31, 2025 and December 31, 2024 (amounts in thousands except for ownership percentage):
|  | March 31, 2025 |  |  | December 31, 2024 |  |  | Ownership Percentage
Investments in Unconsolidated Entities: |  |  |  |  |  |  |  |
Various Real Estate Holdings (VIE) |  | $ | 34,840 |  |  | $ | 34,510 |  |  | Varies
Development and Lease-Up Projects and Land Held for Development (VIE) |  |  | 348,961 |  |  |  | 323,998 |  |  | 62% - 95% (1)
Real Estate Technology Funds/Companies (VIE) |  |  | 28,427 |  |  |  | 28,276 |  |  | Varies
Other |  |  | (255 | ) |  |  | (253 | ) |  | Varies
Investments in Unconsolidated Entities |  | $ | 411,973 |  |  | $ | 386,531 |  |  |
(1) In certain instances, the joint venture agreements contain provisions for promoted interests in favor of our joint venture partner. If the terms of the promoted interest are attained, then our share of the proceeds from a sale or other capital event of the unconsolidated entity may be less than the indicated ownership percentage.
Summary of Company's Unconsolidated Joint Ventures Deemed to be VIEs | The following table summarizes the Company’s unconsolidated joint ventures that were deemed to be VIEs as of March 31, 2025:
|  | Development Lease-Up Projects (1) |  |  | Real Estate Holdings (2) |  |  | Projects Under Development (3) |  |  | Projects Held for Development (3), (4) |
|  | Properties |  |  | Apartment Units |  |  | Entities |  |  | Projects |  |  | Apartment Units (5) |  |  | Projects |  |  | Apartment Units (5) |
Unconsolidated Joint Ventures (VIE) |  |  | 6 |  |  |  | 1,982 |  |  |  | 3 |  |  |  | 2 |  |  |  | 639 |  |  |  | 2 |  |  |  | 526 |
(1) The land parcel under one of these properties is subject to a long-term ground lease. (2) Represents entities that hold various real estate investments. (3) Represents separate unconsolidated joint ventures for the purpose of developing multifamily rental properties. (4) Represents separate unconsolidated joint ventures that have not yet started. (5) Represents the intended number of apartment units to be developed.

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- Definition Investments in partially owned entities. + References No definition available. + Details
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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
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