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v3.25.1

Segment Information - Schedule of Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Thousands | Mar. 31, 2025 | Dec. 31, 2024 | Mar. 31, 2024 | Dec. 31, 2023
--- | --- | --- | --- | ---
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Net reportable operating segments - real estate assets | $ 11,605,918 | $ 11,438,900 |  |
Real estate under development | 96,268 | 52,682 |  |
Co-investments | 906,686 | 935,014 |  |
Real estate held for sale | 112,173 | 0 |  |
Cash and cash equivalents, including restricted cash | 107,862 | 75,846 | $ 507,870 | $ 400,334
Marketable securities | 76,013 | 69,794 |  |
Notes and other receivables | 133,724 | 206,706 |  |
Operating lease right-of-use assets | 53,351 | 51,556 |  |
Prepaid expenses and other assets | 94,263 | 96,861 |  |
Total assets | 13,186,258 | 12,927,359 |  |
Operating Segments | Southern California |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Net reportable operating segments - real estate assets | 4,124,581 | 4,275,506 |  |
Operating Segments | Northern California |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Net reportable operating segments - real estate assets | 5,875,927 | 5,501,160 |  |
Operating Segments | Seattle Metro |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Net reportable operating segments - real estate assets | 1,447,563 | 1,460,865 |  |
Other real estate assets |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Net reportable operating segments - real estate assets | $ 157,847 | $ 201,369 |  |

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