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v3.24.1.u1

Significant Transactions During the Three Months Ended March 31, 2024 and Subsequent Events (Details) | 1 Months Ended | 3 Months Ended
--- | --- | ---
May 01, 2024 USD ($) apartment | Mar. 31, 2024 USD ($) community apartment | Aug. 31, 2022 USD ($) community | Mar. 31, 2024 USD ($) community | Mar. 31, 2023 USD ($)
Other Commitments [Line Items] |  |  |  |  |
Gain on remeasurement of co-investment |  |  |  | $ 138,326,000 | $ 0
Equity income from co-investments |  |  |  | 12,366,000 | $ 10,871,000
Apartment Building | Regency Palm Court and Windsor Court |  |  |  |  |
Other Commitments [Line Items] |  |  |  |  |
Gain on remeasurement of co-investment |  | $ 138,300,000 |  |  |
Unsecured Bonds 5.500%, Due April 2034 | Senior Notes |  |  |  |  |
Other Commitments [Line Items] |  |  |  |  |
Debt instrument face amount |  | $ 350,000,000 |  | $ 350,000,000 |
Debt instrument, debt offering price, percentage of par value |  | 99.752% |  | 99.752% |
Interest rate |  | 5.50% |  | 5.50% |
Related Party |  |  |  |  |
Other Commitments [Line Items] |  |  |  |  |
Number of communities owned | community |  |  | 3 |  |
Notes receivable |  |  | $ 11,200,000 |  |
Notes receivable, interest rate |  |  | 9.50% |  |
Related Party Bridge Loan On Property Acquired By BEX II | Related Party |  |  |  |  |
Other Commitments [Line Items] |  |  |  |  |
Notes receivable |  | $ 53,600,000 |  | $ 53,600,000 |
Related Party Bridge Loan On Property Acquired By BEX II | Related Party | SOFR |  |  |  |  |
Other Commitments [Line Items] |  |  |  |  |
Notes receivable, interest rate |  | 1.50% |  |  |
Membership Interest In BEXAEW |  |  |  |  |
Other Commitments [Line Items] |  |  |  |  |
Limited partnership interest in partnership investments |  | 49.90% |  |  |
Number of units acquired | apartment |  | 1,480 |  |  |
Apartment Homes Located in Sunnyvale, CA | Subsequent Event |  |  |  |  |
Other Commitments [Line Items] |  |  |  |  |
Number of units acquired | apartment | 75 |  |  |  |
Commitment to fund preferred equity investment | $ 14,700,000 |  |  |  |
Repayments of secured debt | 46,600,000 |  |  |  |
Impairment of leasehold | $ 3,700,000 |  |  |  |
BEXAEW LLC |  |  |  |  |
Other Commitments [Line Items] |  |  |  |  |
Number of communities owned | community |  | 4 |  | 4 |
Number of units acquired | apartment |  | 1,480 |  |  |
Payments to acquire real estate |  | $ 505,000,000 |  |  |
Debt instrument, repaid, principal |  | 219,900,000 |  |  |
Equity income from co-investments |  | $ 1,500,000 |  |  |
BEXAEW LLC | Related Party Bridge Loan On Property Acquired By BEX II | Related Party | SOFR |  |  |  |  |
Other Commitments [Line Items] |  |  |  |  |
Notes receivable, interest rate |  | 1.50% |  |  |
BEXAEW LLC | Membership Interest In BEXAEW |  |  |  |  |
Other Commitments [Line Items] |  |  |  |  |
Limited partnership interest in partnership investments |  | 49.90% |  |  |

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