v3.25.2
Related Party Transactions - Additional Information (Details)
$ in Thousands, £ in Millions
 1 Months Ended 3 Months Ended 12 Months Ended
Jan. 31, 2025
shares
Jun. 30, 2024
GBP (£)
Apr. 30, 2024
Jan. 31, 2024
shares
Mar. 21, 2025
USD ($)
Dec. 31, 2024
USD ($)
shares
Dec. 31, 2024
GBP (£)
shares
Dec. 31, 2023
USD ($)
shares
Dec. 31, 2022
USD ($)
shares
Related Party Transaction [Line Items]                  
Performance participation allocation                 $ 102,348
Repurchase of common stock | shares           46,307,277 46,307,277 102,511,499 49,115,155
Total consideration         $ 100,000 $ 1,065,841   $ 2,611,115 $ 1,347,308
Percentage of management fee on NAV per annum     1.25%     1.25% 1.25%    
Percentage of management fee waived           20.00% 20.00%    
Percentage of management fee on aggregate DST property consideration per annum     1.25%            
Reduced percentage of management fee on NAV per annum           1.00% 1.00%    
Maximum percentage of monthly repurchase limit of net asset value           2.00% 2.00%    
Maximum percentage of quarterly repurchase limit of net asset value           5.00% 5.00%    
Management fees           $ (105,356)   (153,411) (167,100)
Annual hurdle percentage           5.00% 5.00%    
Term loan Investment Disposed | £             £ 352.0    
Repayment of borrowings under secured financing agreements | £   £ 193.6         £ 193.6    
Due to affiliates           $ 447,095   484,358  
Operating expenses           714,991   748,522 650,594
Leasing and legal service fees           1,600   800 200
General and Administrative Expense           47,048   45,144 44,708
Delaware Statutory Trusts Program                  
Related Party Transaction [Line Items]                  
General and Administrative Expense           2,000   0 0
Dealer Manager                  
Related Party Transaction [Line Items]                  
Cost of legal services               200 400
Accrued Affiliate Service Provider Expenses | Rental property operating                  
Related Party Transaction [Line Items]                  
Operating expenses           31,600   25,800 17,300
Accrued Affiliate Service Provider Expenses | Essex Service Provider                  
Related Party Transaction [Line Items]                  
Cost of legal services           500   $ 1,500 $ 4,300
Class I Unit                  
Related Party Transaction [Line Items]                  
Common Unit, Issued | shares                 3,886,034
Class I Unit | Common Stock                  
Related Party Transaction [Line Items]                  
Employees and affiliates holdining interest           $ 526,900      
Unregistered Class I shares                  
Related Party Transaction [Line Items]                  
Stock issued as management fees, shares | shares 354,652     473,622   4,336,544 4,336,544 5,673,483  
Management fees, accrued           $ 7,700   $ 10,900  
Common Stock Class I                  
Related Party Transaction [Line Items]                  
Repurchase of common stock | shares           26,288,430 26,288,430 60,147,804 32,146,156
Common Stock Class T, Class S and Class D | Accrued Stockholder Servicing Fee                  
Related Party Transaction [Line Items]                  
Due to affiliates           $ 262,300   $ 301,000  
Special Limited Partner                  
Related Party Transaction [Line Items]                  
Related party allocation percentage of annual total return           12.50% 12.50%    
All Other Unit Holders                  
Related Party Transaction [Line Items]                  
Related party allocation percentage of annual total return           87.50% 87.50%    
Dealer Manager | Common Stock Class T, Class S and Class D | Accrued Stockholder Servicing Fee | Maximum                  
Related Party Transaction [Line Items]                  
Annual stockholder servicing fee percentage           8.75%      
Starwood Retail Partners                  
Related Party Transaction [Line Items]                  
Leasing and legal service fees           $ 400   200  
Advisor | Advanced Organization And Offering Costs                  
Related Party Transaction [Line Items]                  
Due to affiliates           7,300      
Advisor | Advanced Expenses | One Month in Arrears                  
Related Party Transaction [Line Items]                  
General and Administrative Expense           $ 12,900   $ 14,500 $ 15,800
Advisor and Certain Director Shares | Common Stock Class I                  
Related Party Transaction [Line Items]                  
Repurchase of common stock | shares           2,100,000 2,100,000 3,200,000  
Total consideration           $ 46,300   $ 80,600  
Affiliate Service Provider Expenses                  
Related Party Transaction [Line Items]                  
Cost of legal services           500   300 500
Affiliate of Advisor                  
Related Party Transaction [Line Items]                  
Term loan Investment Disposed | £             £ 176.0    
Term loan investment net purchase price | £             174.2    
Affiliate of Advisor and Unaffiliated Third Party                  
Related Party Transaction [Line Items]                  
Term loan Investment Disposed | £             176.0    
Term loan investment net purchase price | £             £ 174.2    
SCG Southern Europe                  
Related Party Transaction [Line Items]                  
Services fee for accounting and administrative matters           $ 300   $ 300 $ 300