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Consolidated Balance Sheets (Parenthetical) (USD $)
In Thousands, except Share data, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Real estate, accumulated depreciation $ 175,319us-gaap_RealEstateAccumulatedDepreciation [1] $ 168,480us-gaap_RealEstateAccumulatedDepreciation [1]
Deferred financing costs, accumulated amortization 27,922us-gaap_AccumulatedAmortizationDeferredFinanceCosts 26,056us-gaap_AccumulatedAmortizationDeferredFinanceCosts
Intangible assets, accumulated amortization $ 14,995us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization $ 13,911us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization
Series D cumulative redeemable preferred shares, par value $ 0.01us-gaap_TemporaryEquityParOrStatedValuePerShare $ 0.01us-gaap_TemporaryEquityParOrStatedValuePerShare
Series D cumulative redeemable preferred shares, shares authorized 4,000,000us-gaap_TemporaryEquitySharesAuthorized 4,000,000us-gaap_TemporaryEquitySharesAuthorized
Series D cumulative redeemable preferred shares, shares issued 4,000,000us-gaap_TemporaryEquitySharesIssued 2,600,000us-gaap_TemporaryEquitySharesIssued
Series D cumulative redeemable preferred shares, shares outstanding 4,000,000us-gaap_TemporaryEquitySharesOutstanding 2,600,000us-gaap_TemporaryEquitySharesOutstanding
Preferred shares, authorized 25,000,000us-gaap_PreferredStockSharesAuthorized 25,000,000us-gaap_PreferredStockSharesAuthorized
Cumulative redeemable preferred shares, shares issued 4,000,000us-gaap_PreferredStockSharesIssued  
Common shares, par value $ 0.03us-gaap_CommonStockParOrStatedValuePerShare $ 0.03us-gaap_CommonStockParOrStatedValuePerShare
Common shares, shares authorized 200,000,000us-gaap_CommonStockSharesAuthorized 200,000,000us-gaap_CommonStockSharesAuthorized
Common shares, shares issued 82,885,444us-gaap_CommonStockSharesIssued 82,506,606us-gaap_CommonStockSharesIssued
Common shares, shares outstanding 82,885,444us-gaap_CommonStockSharesOutstanding 82,506,606us-gaap_CommonStockSharesOutstanding
Unvested restricted common share awards 742,014ras_RestrictedCommonStockSharesOutstanding 541,575ras_RestrictedCommonStockSharesOutstanding
7.75% Series A cumulative redeemable preferred shares    
Preferred shares, authorized 8,069,288us-gaap_PreferredStockSharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
4,760,000us-gaap_PreferredStockSharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
Preferred shares, dividend rate 7.75%ras_PreferredStockDividendRate
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
7.75%ras_PreferredStockDividendRate
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
Cumulative redeemable preferred shares, liquidation preference $ 25.00us-gaap_PreferredStockLiquidationPreference
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
$ 25.00us-gaap_PreferredStockLiquidationPreference
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
Cumulative redeemable preferred shares, shares issued 4,775,569us-gaap_PreferredStockSharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
4,775,569us-gaap_PreferredStockSharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
Cumulative redeemable preferred shares, shares outstanding 4,775,569us-gaap_PreferredStockSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
4,775,569us-gaap_PreferredStockSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
Preferred shares, par value $ 0.01us-gaap_PreferredStockParOrStatedValuePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
$ 0.01us-gaap_PreferredStockParOrStatedValuePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
8.375% Series B cumulative redeemable preferred shares    
Preferred shares, authorized 4,300,000us-gaap_PreferredStockSharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
4,300,000us-gaap_PreferredStockSharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
Preferred shares, dividend rate 8.375%ras_PreferredStockDividendRate
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
8.375%ras_PreferredStockDividendRate
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
Cumulative redeemable preferred shares, liquidation preference $ 25us-gaap_PreferredStockLiquidationPreference
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
$ 25us-gaap_PreferredStockLiquidationPreference
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
Cumulative redeemable preferred shares, shares issued 2,288,465us-gaap_PreferredStockSharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
2,288,465us-gaap_PreferredStockSharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
Cumulative redeemable preferred shares, shares outstanding 2,288,465us-gaap_PreferredStockSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
2,288,465us-gaap_PreferredStockSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
Preferred shares, par value $ 0.01us-gaap_PreferredStockParOrStatedValuePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
$ 0.01us-gaap_PreferredStockParOrStatedValuePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
8.875% Series C cumulative redeemable preferred shares    
Preferred shares, authorized 3,600,000us-gaap_PreferredStockSharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
3,600,000us-gaap_PreferredStockSharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
Preferred shares, dividend rate 8.875%ras_PreferredStockDividendRate
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
8.875%ras_PreferredStockDividendRate
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
Cumulative redeemable preferred shares, liquidation preference $ 25.00us-gaap_PreferredStockLiquidationPreference
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
$ 25.00us-gaap_PreferredStockLiquidationPreference
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
Cumulative redeemable preferred shares, shares issued 1,640,100us-gaap_PreferredStockSharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
1,640,100us-gaap_PreferredStockSharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
Cumulative redeemable preferred shares, shares outstanding 1,640,100us-gaap_PreferredStockSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
1,640,100us-gaap_PreferredStockSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
Preferred shares, par value $ 0.01us-gaap_PreferredStockParOrStatedValuePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
$ 0.01us-gaap_PreferredStockParOrStatedValuePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
Series E cumulative redeemable preferred shares    
Preferred shares, authorized 4,000,000us-gaap_PreferredStockSharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
4,000,000us-gaap_PreferredStockSharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
Preferred shares, par value $ 0.01us-gaap_PreferredStockParOrStatedValuePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
$ 0.01us-gaap_PreferredStockParOrStatedValuePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesEPreferredStockMember
[1] As of March 31, 2015, includes properties owned by Independence Realty Trust, Inc., or IRT, with a book value of $689,867 and accumulated depreciation of $27,261. As of December 31, 2014, includes properties owned by IRT, with a book value of $689,112 and accumulated depreciation of $23,376.