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v3.25.3

Revenues - Schedule of Disaggregation of Revenue (Details) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 USD ($) community | Sep. 30, 2024 USD ($) | Sep. 30, 2025 USD ($) community | Sep. 30, 2024 USD ($)
Disaggregation of Revenue [Line Items] |  |  |  |
Total rental and other property revenues | $ 470,942 | $ 448,135 | $ 1,400,641 | $ 1,312,132
Management and other fees from affiliates | 2,361 | 2,563 | 7,078 | 7,849
Total revenues | $ 473,303 | 450,698 | $ 1,407,719 | 1,319,981
Apartment communities owned (in communities) | community | 257 |  | 257 |
Operating Segments | Southern California |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Total rental and other property revenues | $ 190,626 | 181,673 | $ 568,992 | 530,051
Operating Segments | Northern California |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Total rental and other property revenues | 193,208 | 168,838 | 563,915 | 490,824
Operating Segments | Seattle Metro |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Total rental and other property revenues | 79,240 | 74,576 | 234,751 | 220,271
Other real estate assets |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Total rental and other property revenues | 7,868 | 23,048 | 32,983 | 70,986
Rental income |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Total rental and other property revenues | 463,892 | 440,649 | 1,380,438 | 1,290,026
Other property |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Total rental and other property revenues | 7,050 | 7,486 | 20,203 | 22,106
Total rental and other property revenues |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Total rental and other property revenues | 470,942 | 448,135 | 1,400,641 | 1,312,132
Total rental and other property revenues | Same-property |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Total rental and other property revenues | $ 412,710 | 401,761 | $ 1,228,141 | 1,190,884
Occupancy threshold for classification as stabilized | 90.00% |  | 90.00% |
Total rental and other property revenues | Acquisitions |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Total rental and other property revenues | $ 44,001 | 16,964 | $ 120,555 | 31,386
Total rental and other property revenues | Non-residential/other, net |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Total rental and other property revenues | $ 13,916 | 29,637 | $ 51,851 | 90,663
Apartment communities owned (in communities) | community | 2 |  | 2 |
Total rental and other property revenues | Straight line rent concession |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Straight line rent concession | $ 315 | (227) | $ 94 | (801)
Total rental and other property revenues | Operating Segments | Southern California |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Total rental and other property revenues | 190,626 | 181,673 | 568,992 | 530,051
Total rental and other property revenues | Operating Segments | Northern California |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Total rental and other property revenues | 193,208 | 168,838 | 563,915 | 490,824
Total rental and other property revenues | Operating Segments | Seattle Metro |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Total rental and other property revenues | 79,240 | 74,576 | 234,751 | 220,271
Total rental and other property revenues | Other real estate assets |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Total rental and other property revenues | $ 7,868 | $ 23,048 | $ 32,983 | $ 70,986

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