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v3.25.1

Significant Transactions During the Three Months Ended March 31, 2025 and Subsequent Events - Narrative (Details) $ in Thousands | 1 Months Ended | 3 Months Ended |
--- | --- | --- | ---
Apr. 30, 2025 USD ($) | Mar. 31, 2025 USD ($) community property | Mar. 31, 2025 USD ($) community property | Dec. 31, 2024 USD ($) apartment | Mar. 31, 2024 USD ($) | Feb. 28, 2025 USD ($)
Other Commitments [Line Items] |  |  |  |  |  |
Number of communities owned | community |  | 1 | 1 |  |  |
Community apartment homes | property |  | 350 | 350 |  |  |
Co-investments |  | $ 906,686 | $ 906,686 | $ 935,014 |  |
Gain on remeasurement of co-investment |  |  | 330 |  | $ 138,326 |
Proceeds from preferred equity investment |  | 9,900 | 13,709 |  | 9,080 |
Debt instrument face amount |  | 300,000 | 300,000 |  |  |
Contract price |  |  | 125,997 |  | 0 |
Subsequent Event |  |  |  |  |  |
Other Commitments [Line Items] |  |  |  |  |  |
Unsecured notes at maturity | $ 500,000 |  |  |  |  |
Stabilized Apartment Home Community Located In Oakland |  |  |  |  |  |
Other Commitments [Line Items] |  |  |  |  |  |
Unsecured notes at maturity |  |  |  | 72,000 |  |
Co-investments |  |  |  | $ 22,700 |  |
Apartment homes | apartment |  |  |  | 241 |  |
Value of property held |  |  |  | $ 95,000 |  |
Gain on remeasurement of co-investment |  |  |  | 300 |  |
Apartment Home Community Located In Santa Ana, CA | Subsequent Event |  |  |  |  |  |
Other Commitments [Line Items] |  |  |  |  |  |
Contract price | 239,600 |  |  |  |  |
Essex Portfolio, L.P. |  |  |  |  |  |
Other Commitments [Line Items] |  |  |  |  |  |
Co-investments |  | $ 906,686 | 906,686 | $ 935,014 |  |
Gain on remeasurement of co-investment |  |  | 330 |  | 138,326 |
Proceeds from preferred equity investment |  |  | 13,709 |  | 9,080 |
Contract price |  |  | $ 125,997 |  | $ 0 |
Bonds public offering - fixed rate, net | Essex Portfolio, L.P. | Subsequent Event |  |  |  |  |  |
Other Commitments [Line Items] |  |  |  |  |  |
Unsecured notes at maturity | $ 500,000 |  |  |  |  |
Unsecured Bonds 5.500%, Due April 2034 | Bonds public offering - fixed rate, net | Essex Portfolio, L.P. |  |  |  |  |  |
Other Commitments [Line Items] |  |  |  |  |  |
Debt instrument face amount |  |  |  |  |  | $ 400,000
Interest rate |  |  |  |  |  | 5.375%
Debt instrument, debt offering price, percentage of principal |  |  |  |  |  | 99.604%

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