Acquisition of Real Estate (Tables)

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Schedule of Purchase Prices Allocations [Table Text Block]

The following table summarizes the assets acquired and liabilities assumed at the acquisition date. The amounts listed below reflect provisional amounts that will be updated as information becomes available for acquisitions made during the year ended December 31, 2015 (amounts in thousands): 

	Purchase  Price  Allocation
Land	$	26,980
Building		207,842
Building improvements		11,638
Land improvements		12,593
Furniture and fixtures		8,740
In-place leases		5,389
Total assets acquired	$	273,182
Mortgages assumed	$	31,900
Fair value adjustments		1,042
Total liabilities acquired	$	32,942

Business Acquisition, Pro Forma Information [Table Text Block]

The pro-forma information presented below represents the change in consolidated revenue and earnings as if the Company's significant acquisitions of Village Green of Ann Arbor, Lansbrook Village, ARIUM Grandewood, Park & Kingston, Fox Hill, Ashton Reserve, ARIUM Palms, Sorrel and Sovereign, collectively (the "Recent Acquisitions"), had occurred on January 1, 2014. Certain expenses such as property management fees and other costs not directly related to the future operations of the Recent Acquisitions have been excluded. (amounts in thousands, except per share amounts)

	For the Year Ended December 31,						For the Year Ended December 31,
	2015						2014
	As Reported		Pro-Forma Adjustments		Pro-Forma		As Reported		Pro-Forma Adjustments		Pro-Forma
Revenues	$	44,255	$	6,757	$	51,012	$	30,363	$	18,026	$	48,389
Net income (loss)	$	7,643	$	(8,048)	$	(405)	$	(6,558)	$	(4,415)	$	(10,973)
Net income (loss) attributable to BRG	$	635	$	(7,887)	$	(7,252)	$	(5,172)	$	(4,274)	$	(9,446)
Earnings per share, basic and diluted (1)	$	0.04			$	(0.42)	$	(0.96)			$	(1.76)

⁽¹⁾ Pro-forma earnings per share, both basic and diluted, are calculated based on the net income (loss) attributable to BRG.