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Subsequent Events (Details) $ in Millions | 1 Months Ended | 2 Months Ended | 12 Months Ended
--- | --- | --- | ---
Jan. 31, 2022 USD ($) apartment | Nov. 30, 2021 USD ($) | Aug. 31, 2021 USD ($) | Mar. 31, 2021 USD ($) | Feb. 25, 2022 USD ($) investment | Dec. 31, 2021 USD ($) apartment
Preferred Equity Investment Property in Southern California |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Proceeds from preferred equity investments |  | $ 18.3 |  | $ 110.2 |  |
Preferred Equity Investment Property in Northern California |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Proceeds from preferred equity investments |  |  | $ 21.6 |  |  |
Apartment Building |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Number of units acquired | apartment |  |  |  |  |  | 268
Purchase price |  |  |  |  |  | $ 165.4
Subsequent Event | Vela on Ox | Related Party Bridge Loan On Property Acquired By Wesco VI | Affiliated Entity |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Notes receivable, related parties | $ 100.7 |  |  |  |  |
Interest rate | 2.64% |  |  |  |  |
Cash received from collection of note receivable | $ 121.3 |  |  |  |  |
Subsequent Event | Wesco VI, LLC | Vela on Ox |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Purchase price | $ 183.0 |  |  |  |  |
Subsequent Event | Preferred Equity Investment Property in Southern California |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Proceeds from preferred equity investments |  |  |  |  | $ 87.9 |
Number of preferred equity investments redeemed | investment |  |  |  |  | 2 |
Subsequent Event | Preferred Equity Investment Property in Northern California |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Proceeds from preferred equity investments |  |  |  |  | $ 17.6 |
Subsequent Event | Apartment Building | Wesco VI, LLC | Vela on Ox |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Number of units acquired | apartment | 379 |  |  |  |  |

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