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Summary of Investments in Real Estate (Detail) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Real Estate Properties [Line Items]    
Investments in real estate, Book Value $ 1,783,888 $ 1,840,451
Less: Accumulated depreciation and amortization [1] (178,572) (168,480)
Investments in real estate, net, Book Value [2] 1,605,316 1,671,971
Multi-family real estate properties    
Real Estate Properties [Line Items]    
Investments in real estate, Book Value [1] 1,234,056 1,286,898
Office real estate properties    
Real Estate Properties [Line Items]    
Investments in real estate, Book Value 364,077 370,114
Retail real estate properties    
Real Estate Properties [Line Items]    
Investments in real estate, Book Value 133,471 132,117
Parcels of land    
Real Estate Properties [Line Items]    
Investments in real estate, Book Value $ 52,284 $ 51,322
[1] As of June 30, 2015, includes properties owned by Independence Realty Trust, Inc., or IRT, with a book value of $716,581 and accumulated depreciation of $31,188. As of December 31, 2014, includes properties owned by IRT, with a book value of $689,112 and accumulated depreciation of $23,376.
[2] Investments in real estate includes one real estate asset held for sale as of June 30, 2015. This asset had a carrying amount of $1,196 and a fair value of $3,000.