Co-investments - Schedule of Financial Information for Co-Investments Accounted For Under the Equity Method (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
Mar. 31, 2026 |
Dec. 31, 2025 |
Mar. 31, 2025 |
Dec. 31, 2024 |
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| Combined balance sheets: | ||||||||
| Total assets | $ 12,898,302 | $ 12,898,302 | $ 13,159,009 | |||||
| Debt | 7,385,413 | 7,385,413 | 7,422,114 | |||||
| Other liabilities | 51,092 | 51,092 | 51,729 | |||||
| Equity | 5,485,516 | $ 5,805,914 | 5,485,516 | $ 5,805,914 | $ 5,601,356 | 5,708,632 | $ 5,745,575 | $ 5,720,390 |
| Total liabilities and equity | 12,898,302 | 12,898,302 | 13,159,009 | |||||
| Combined statements of income: | ||||||||
| Property revenues | 489,049 | 469,833 | 973,805 | 934,416 | ||||
| Net operating income | 345,709 | 332,181 | 686,896 | 655,649 | ||||
| Gain on sale of real estate and land | 2,000 | 126,174 | 2,000 | 237,204 | ||||
| Interest expense | (66,835) | (65,262) | (132,399) | (127,994) | ||||
| General and administrative | (73,149) | (17,157) | (93,163) | (33,449) | ||||
| Net income (loss) | 66,929 | 231,526 | 179,137 | 444,304 | ||||
| Related Party | Total co-investment | ||||||||
| Combined statements of income: | ||||||||
| Company’s share of net income | 1,000 | 1,300 | 2,300 | 2,500 | ||||
| Equity Method Investment, Nonconsolidated Investee or Group of Investees | ||||||||
| Combined balance sheets: | ||||||||
| Rental properties and real estate under development | 2,958,830 | 2,958,830 | 3,220,390 | |||||
| Other assets | 192,190 | 192,190 | 194,413 | |||||
| Total assets | 3,151,020 | 3,151,020 | 3,414,803 | |||||
| Debt | 2,158,091 | 2,158,091 | 2,412,106 | |||||
| Other liabilities | 173,349 | 173,349 | 163,358 | |||||
| Equity | 819,580 | 819,580 | 839,339 | |||||
| Total liabilities and equity | 3,151,020 | 3,151,020 | $ 3,414,803 | |||||
| Combined statements of income: | ||||||||
| Property revenues | 74,520 | 84,569 | 149,575 | 170,875 | ||||
| Property operating expenses | (26,866) | (31,154) | (55,750) | (63,856) | ||||
| Net operating income | 47,654 | 53,415 | 93,825 | 107,019 | ||||
| Gain on sale of real estate and land | 18,927 | 0 | 18,927 | 0 | ||||
| Interest expense | (20,218) | (28,137) | (40,178) | (55,438) | ||||
| General and administrative | (4,197) | (4,358) | (8,117) | (8,564) | ||||
| Depreciation and amortization | (27,047) | (36,224) | (55,075) | (72,811) | ||||
| Net income (loss) | 15,119 | (15,304) | 9,382 | (29,794) | ||||
| Company’s share of net income | $ 13,715 | $ 8,977 | $ 37,330 | $ 22,186 | ||||
| X | ||||||||||
- Definition Rental Properties And Real Estate Development In Process No definition available.
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- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- Definition The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of income (loss) attributable to parent. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of assets classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense charged against earnings to allocate the cost of tangible and intangible assets over their remaining economic lives, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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