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SUBSEQUENT EVENTS	3 Months Ended
SUBSEQUENT EVENTS	Mar. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On April 28, 2017, we acquired the Pacific Ridge Apartments, a 533 unit, multifamily community, built in 2013 and located in San Diego, California. The purchase price was approximately $232 million, excluding closing costs and prorations. The property was acquired with cash on hand and borrowings under our Amended and Restated Credit Agreement. On April 25, 2017, we entered into a treasury lock contract with Bank of America, National Association to reduce the interest rate variability exposure of the projected interest cash flows of our prospective twelve-year debt offering (anticipated to close in May or June 2017). The treasury lock contract had a notional amount of $100 million, a termination date of May 18, 2017, a fixed pay rate of 2.313%, and a receive rate equal to the ten-year treasury rate on the settlement date. There can be no assurances that the prospective debt offering described above will close on the term described herein, or at all. The treasury lock contract was deemed to be highly effective cash flow hedge and we elected to designate the treasury lock contract as an accounting hedge.