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Related Party Transactions (Details) | 1 Months Ended | 12 Months Ended |
--- | --- | --- | ---
Apr. 30, 2023 USD ($) | Aug. 31, 2022 USD ($) community | Jan. 31, 2022 USD ($) | Nov. 30, 2021 USD ($) | Oct. 31, 2021 USD ($) | Sep. 30, 2021 USD ($) | Mar. 31, 2021 USD ($) | Feb. 28, 2019 USD ($) | Oct. 31, 2018 USD ($) apartment | May 31, 2018 USD ($) apartment | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Feb. 28, 2022 USD ($)
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes and other receivables |  |  |  |  |  |  |  |  |  |  | $ 174,621,000 | $ 103,045,000 |  |
Payments to acquire equity method investments |  |  |  |  |  |  |  |  |  |  | 37,405,000 | 163,188,000 | $ 306,266,000 |
Commitment to fund preferred equity investment in the project |  |  |  |  |  |  |  |  |  |  | $ 18,800,000 | 84,900,000 |  |
Home Community Development in Burlingame, California |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchase commitment, funded amount | $ 11,200,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Apartment Home Community in Ventura, California |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of units acquired | apartment |  |  |  |  |  |  |  |  |  | 400 |  |  |  |
Annualized preferred return rate |  |  |  |  |  |  |  |  |  | 10.25% | 9.00% |  |  |
Purchase commitment, funded amount |  |  |  | $ 18,300,000 |  |  |  |  |  |  |  |  |  |
Commitment to fund preferred equity investment in the project |  |  |  | 13,000,000 |  |  |  |  |  | $ 26,500,000 | $ 10,000,000 |  |  |
Related Party |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes receivable |  | $ 11,200,000 |  |  |  |  |  |  |  |  |  |  |  |
Number of communities owned | community |  | 3 |  |  |  |  |  |  |  |  |  |  |  |
Fixed interest rate |  | 9.50% |  |  |  |  |  |  |  |  |  |  |  |
Related Party | Multifamily Development in Mountain View, California |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payments to acquire equity method investments |  |  |  |  |  |  |  | $ 24,500,000 |  |  |  |  |  |
Annualized preferred return rate |  |  |  |  |  |  |  | 11.00% |  |  |  |  |  |
Related Party | Multifamily Development In Mountain View, CA |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Annualized preferred return rate |  |  |  |  |  |  |  | 9.00% |  |  |  |  |  |
Related Party | Home Community Development in Burlingame, California |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of units acquired | apartment |  |  |  |  |  |  |  |  | 268 |  |  |  |  |
Payments to acquire equity method investments |  |  |  |  |  |  |  |  | $ 18,600,000 |  |  |  |  |
Annualized preferred return rate | 11.00% |  |  |  |  |  |  |  | 12.00% |  | 9.00% |  |  |
Related Party | Related Party Bridge Loan On Property Acquired By BEX II |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes receivable |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 32,800,000
Related Party | Related Party Bridge Loan On Property Acquired By Wesco VI |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes receivable |  |  | $ 100,700,000 |  |  |  |  |  |  |  |  |  |  |
Fixed interest rate |  |  | 2.64% |  |  |  |  |  |  |  |  |  |  |
Cash received from collection of note receivable |  |  | $ 121,300,000 |  |  |  |  |  |  |  |  |  |  |
Related Party | Related Party Bridge Loan On Property Acquired By Wesco VI | The Rexford |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes receivable |  |  |  | $ 61,900,000 |  |  |  |  |  |  |  |  |  |
Fixed interest rate |  |  |  | 2.36% |  |  |  |  |  |  |  |  |  |
Related Party | Related Party Bridge Loan On Property Acquired By Wesco VI | Monterra In Mill Creek |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes receivable |  |  |  |  | $ 30,300,000 |  |  |  |  |  |  |  |  |
Fixed interest rate |  |  |  |  | 2.30% |  |  |  |  |  |  |  |  |
Related Party | Related Party Bridge Loan On Property Acquired By Wesco VI | Martha Lake Apartments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes receivable |  |  |  |  |  | $ 29,200,000 |  |  |  |  |  |  |  |
Fixed interest rate |  |  |  |  |  | 2.15% |  |  |  |  |  |  |  |
Related Party | Related Party Bridge Loan on Property in Vista, CA |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes receivable |  |  |  | $ 48,400,000 |  |  |  |  |  |  |  |  |  |
Fixed interest rate |  |  |  | 2.36% |  |  |  |  |  |  |  |  |  |
Related Party | Related Party Bridge Loans On Property Acquired By Wesco I |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes receivable |  |  |  |  |  |  | $ 52,500,000 |  |  |  |  |  |  |
Fixed interest rate |  |  |  |  |  |  | 2.55% |  |  |  |  |  |  |
Related Party | Management And Other Fees From Affiliates |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related party transaction, amounts of transaction |  |  |  |  |  |  |  |  |  |  | $ 12,700,000 | 14,100,000 | 10,300,000 |
Related Party | Revenues From Development And Redevelopment Fees |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related party transaction, amounts of transaction |  |  |  |  |  |  |  |  |  |  | 1,800,000 | 3,000,000 | 1,100,000 |
Affiliated Entity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes and other receivables |  |  |  |  |  |  |  |  |  |  | 6,100,000 | 7,000,000 |  |
Marcus and Millichap Company | Related Party |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales commissions and fees |  |  |  |  |  |  |  |  |  |  | $ 0 | $ 0 | $ 0 |

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