Investments - Schedule of Real Estate Acquisitions (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025 USD ($) home	Mar. 31, 2025 USD ($) home	Jun. 30, 2025 USD ($) home	Jun. 30, 2024 USD ($)
Asset Acquisition [Line Items]
Payments to acquire other real estate			$ 384,495	$ 62,192
Avalon Hill Country
Asset Acquisition [Line Items]
Apartment homes acquired \| home		554
Payments to acquire other real estate		$ 136,000
Avalon Wolf Ranch
Asset Acquisition [Line Items]
Apartment homes acquired \| home		303
Payments to acquire other real estate		$ 51,000
eaves Twin Creeks
Asset Acquisition [Line Items]
Apartment homes acquired \| home	216
Payments to acquire other real estate	$ 44,784
Avalon Benbrook
Asset Acquisition [Line Items]
Apartment homes acquired \| home	301
Payments to acquire other real estate	$ 60,194
Avalon Castle Hills
Asset Acquisition [Line Items]
Apartment homes acquired \| home	276
Payments to acquire other real estate	$ 65,491
Avalon Frisco
Asset Acquisition [Line Items]
Apartment homes acquired \| home	330
Payments to acquire other real estate	$ 80,419
Avalon Frisco North
Asset Acquisition [Line Items]
Apartment homes acquired \| home	349
Payments to acquire other real estate	$ 88,606
eaves North Dallas
Asset Acquisition [Line Items]
Apartment homes acquired \| home	372
Payments to acquire other real estate	$ 76,085
2025 Acquisition
Asset Acquisition [Line Items]
Apartment homes acquired \| home			2,701
Payments to acquire other real estate			$ 602,579