v3.26.1
Segment Reporting - Summary of Financial Results by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Total revenues $ 392,280 $ 400,265
Expenses    
Property operating 160,119 171,105
Loss from unconsolidated real estate ventures (2,927) (1,829)
Income from investments in real estate debt, net 20,143 19,636
Segment net operating income 249,377 246,967
General and administrative (10,239) (9,654)
Management fees (20,427) (22,766)
Depreciation and amortization (177,646) (172,850)
Net (loss) gain on dispositions of real estate (65) 9,690
Interest expense (172,317) (152,227)
Loss on extinguishment of debt (2,356) 0
Other income (expense), net 13,805 (86,734)
Net loss (119,868) (187,574)
Net loss attributable to non-controlling interests in consolidated joint ventures 911 1,079
Net loss attributable to non-controlling interests in Operating Partnership 6,103 9,315
Net loss attributable to stockholders (112,854) (177,180)
Operating Segments | Multifamily Properties    
Revenues:    
Total revenues 293,085 300,812
Expenses    
Property operating 127,790 136,115
Segment net operating income 165,295 164,697
Operating Segments | Industrial properties    
Revenues:    
Total revenues 40,737 38,264
Expenses    
Property operating 9,414 9,647
Segment net operating income 31,323 28,617
Operating Segments | Office properties    
Revenues:    
Total revenues 40,832 40,766
Expenses    
Property operating 15,169 15,606
Segment net operating income 25,663 25,160
Operating Segments | Other Properties    
Revenues:    
Total revenues 17,626 20,423
Expenses    
Property operating 7,746 9,737
Loss from unconsolidated real estate ventures (2,927) (1,829)
Segment net operating income 6,953 8,857
Operating Segments | Investments in real estate debt    
Expenses    
Income from investments in real estate debt, net 20,143 19,636
Segment net operating income 20,143 19,636
Rental Revenue    
Revenues:    
Total revenues 385,714 394,050
Rental Revenue | Operating Segments | Multifamily Properties    
Revenues:    
Total revenues 287,775 296,971
Rental Revenue | Operating Segments | Industrial properties    
Revenues:    
Total revenues 40,692 38,187
Rental Revenue | Operating Segments | Office properties    
Revenues:    
Total revenues 40,786 40,704
Rental Revenue | Operating Segments | Other Properties    
Revenues:    
Total revenues 16,461 18,188
Other revenue    
Revenues:    
Total revenues 6,566 6,215
Other revenue | Operating Segments | Multifamily Properties    
Revenues:    
Total revenues 5,310 3,841
Other revenue | Operating Segments | Industrial properties    
Revenues:    
Total revenues 45 77
Other revenue | Operating Segments | Office properties    
Revenues:    
Total revenues 46 62
Other revenue | Operating Segments | Other Properties    
Revenues:    
Total revenues $ 1,165 $ 2,235