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Summary of Investments in Real Estate (Detail) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Real Estate Properties [Line Items]    
Investments in real estate, Book Value $ 2,409,139 $ 2,517,645
Less: Accumulated depreciation and amortization [1] (209,096) (198,326)
Investments in real estate, net, Book Value 2,200,043 2,319,319
Multifamily    
Real Estate Properties [Line Items]    
Investments in real estate, Book Value [1] 1,725,202 1,842,704
Office real estate properties    
Real Estate Properties [Line Items]    
Investments in real estate, Book Value 399,642 395,224
Industrial real estate properties    
Real Estate Properties [Line Items]    
Investments in real estate, Book Value 101,010 94,938
Retail real estate properties    
Real Estate Properties [Line Items]    
Investments in real estate, Book Value 134,219 134,331
Parcels of land    
Real Estate Properties [Line Items]    
Investments in real estate, Book Value $ 49,066 $ 50,448
[1] As of June 30, 2016, includes properties owned by Independence Realty Trust, Inc., or IRT, with a book value of $1,314,115 and accumulated depreciation of $45,059. As of December 31, 2015, includes properties owned by IRT, with a book value of $1,372,015 and accumulated depreciation of $39,638.