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v3.25.2

Segment Information - Schedule of Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Thousands | Jun. 30, 2025 | Dec. 31, 2024 | Jun. 30, 2024 | Dec. 31, 2023
--- | --- | --- | --- | ---
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Net reportable operating segments - real estate assets | $ 11,709,604 | $ 11,438,900 |  |
Real estate under development | 105,591 | 52,682 |  |
Co-investments | 895,821 | 935,014 |  |
Real estate held for sale | 47,653 | 0 |  |
Cash and cash equivalents, including restricted cash | 67,884 | 75,846 | $ 64,151 | $ 400,334
Marketable securities | 82,162 | 69,794 |  |
Notes and other receivables | 138,096 | 206,706 |  |
Operating lease right-of-use assets | 52,519 | 51,556 |  |
Prepaid expenses and other assets | 82,160 | 96,861 |  |
Total assets | 13,181,490 | 12,927,359 |  |
Operating Segments | Southern California |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Net reportable operating segments - real estate assets | 4,094,046 | 4,162,462 |  |
Operating Segments | Northern California |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Net reportable operating segments - real estate assets | 6,015,104 | 5,452,235 |  |
Operating Segments | Seattle Metro |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Net reportable operating segments - real estate assets | 1,437,049 | 1,460,865 |  |
Other real estate assets |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Net reportable operating segments - real estate assets | $ 163,405 | $ 363,338 |  |

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