Significant Transactions	6 Months Ended
Jun. 30, 2025
Significant Transactions [Abstract]
Significant Transactions	Significant Transactions Apartment Community Dispositions During the three months ended June 30, 2025, we sold two apartment communities, located in San Jose, California and Minneapolis, Minnesota, for gross consideration of $283.3 million, including the assumption of $107.3 million of non-recourse property debt. The apartment community located in San Jose, California was included in our consolidated joint venture with a passive institutional investor, which is now comprised of 11 apartment communities located in California. During the three months ended March 31, 2025, we sold three apartment communities, located in Boston, Massachusetts, Denver, Colorado, and San Diego, California, to a limited partner in the Operating Partnership for gross consideration of $155.8 million, comprised of the redemption of 2,521,132 common OP Units valued at $25.62 per unit, and $91.2 million in cash proceeds. During the six months ended June 30, 2025, the five apartment community sales resulted in a gain on dispositions of real estate of $241.4 million. At the end of each reporting period, we evaluate whether any communities meet the criteria to be classified as held for sale. As of June 30, 2025, no communities were classified as held for sale. Distributions On June 11, 2025, we paid a cash distribution from excess partnership cash attributed to remaining financing proceeds in an aggregate amount of $198.0 million to holders of record of common OP Units and LTIP units as of the close of business on June 5, 2025, representing a distribution of $1.31 per common OP Unit. On June 28, 2024, we paid a cash distribution, in connection with the merger with certain affiliates of Blackstone, in an aggregate amount of $1.2 billion to holders of record of common OP Units and LTIP units immediately following the effective time of the merger, representing a distribution of $7.70 per common OP Unit. The distribution paid to the General Partner and Special Limited Partner was used to fund the merger. For the three and six months ended June 30, 2024, regular, recurring distributions paid per common OP Unit were $0.00, and $0.45, respectively.

During the three months ended June 30, 2025, we sold two apartment communities, located in San Jose, California and Minneapolis, Minnesota, for gross consideration of $283.3 million, including the assumption of $107.3 million of non-recourse property debt. The apartment community located in San Jose, California was included in our consolidated joint venture with a passive institutional investor, which is now comprised of 11 apartment communities located in California.

During the three months ended March 31, 2025, we sold three apartment communities, located in Boston, Massachusetts, Denver, Colorado, and San Diego, California, to a limited partner in the Operating Partnership for gross consideration of $155.8 million, comprised of the redemption of 2,521,132 common OP Units valued at $25.62 per unit, and $91.2 million in cash proceeds.

During the six months ended June 30, 2025, the five apartment community sales resulted in a gain on dispositions of real estate of $241.4 million.

At the end of each reporting period, we evaluate whether any communities meet the criteria to be classified as held for sale. As of June 30, 2025, no communities were classified as held for sale.

On June 11, 2025, we paid a cash distribution from excess partnership cash attributed to remaining financing proceeds in an aggregate amount of $198.0 million to holders of record of common OP Units and LTIP units as of the close of business on June 5, 2025, representing a distribution of $1.31 per common OP Unit.

On June 28, 2024, we paid a cash distribution, in connection with the merger with certain affiliates of Blackstone, in an aggregate amount of $1.2 billion to holders of record of common OP Units and LTIP units immediately following the effective time of the merger, representing a distribution of $7.70 per common OP Unit. The distribution paid to the General Partner and Special Limited Partner was used to fund the merger.