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Segment Reporting - Segment Statement of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Segment Reporting Information [Line Items]                      
Rental and resident fee income                 $ 291,219 $ 289,336 $ 282,880
Net interest income on debt and securities                 7,703 9,031 14,141
Other revenue                 1,959 4,935 2,895
Property operating expenses                 (181,214) (188,761) (163,837)
Interest expense                 (68,896) (70,196) (61,082)
Other expenses related to securitization trust                 0 (811) (3,922)
Transaction costs                 (122) (888) (9,407)
Asset management and other fees - related party                 (19,789) (23,478) (41,954)
General and administrative expenses                 (12,761) (14,390) (13,488)
Depreciation and amortization                 (70,989) (107,133) (105,459)
Impairment loss                 (27,554) (36,277) (5,000)
Unrealized gain (loss) on mortgage loans held in securitization trust, net                 0 0 1,503
Realized gain (loss) on investments and other                 6,314 20,243 116
Income (loss) before equity in earnings (losses) of unconsolidated ventures and income tax benefit (expense)                 (74,130) (118,389) (102,614)
Equity in earnings (losses) of unconsolidated ventures $ 4,121 $ (3,037) $ (4,405) $ (224) $ (37,424) $ 16,631 $ (4,098) $ (8,626) (3,545) (33,517) (35,314)
Income tax benefit (expense)                 (75) (114) (43)
Net income (loss) $ (26,924) $ (14,697) $ (17,460) $ (18,669) $ (77,257) $ (6,670) $ (34,205) $ (33,888) (77,750) (152,020) (137,971)
Discount accretion income                 113 101 92
Operating Segments                      
Segment Reporting Information [Line Items]                      
Rental and resident fee income                   289,336 282,880
Net interest income on debt and securities                   8,220 10,219
Other revenue                   4,935 2,895
Property operating expenses                   (188,761) (163,837)
Interest expense                   (70,196) (61,082)
Other expenses related to securitization trust                   0 0
Transaction costs                   (888) (9,407)
Asset management and other fees - related party                   (23,478) (41,954)
General and administrative expenses                   (14,390) (13,488)
Depreciation and amortization                   (107,133) (105,459)
Impairment loss                   (36,277) (5,000)
Unrealized gain (loss) on mortgage loans held in securitization trust, net                   0 1,503
Realized gain (loss) on investments and other                   20,243 116
Income (loss) before equity in earnings (losses) of unconsolidated ventures and income tax benefit (expense)                   (118,389) (102,614)
Equity in earnings (losses) of unconsolidated ventures                   (33,517) (35,314)
Income tax benefit (expense)                   (114) (43)
Net income (loss)                   (152,020) (137,971)
Operating Segments | Net Lease                      
Segment Reporting Information [Line Items]                      
Rental and resident fee income                 33,423 34,275 34,798
Net interest income on debt and securities                 0 0 0
Other revenue                 1 1 5
Property operating expenses                 (11) (1,346) (31)
Interest expense                 (12,434) (13,326) (12,266)
Other expenses related to securitization trust                   0 0
Transaction costs                 0 (60) (435)
Asset management and other fees - related party                 0 0 0
General and administrative expenses                 (268) (183) (82)
Depreciation and amortization                 (14,329) (13,694) (13,127)
Impairment loss                 (4,132) (5,094) (5,000)
Unrealized gain (loss) on mortgage loans held in securitization trust, net                   0 0
Realized gain (loss) on investments and other                 5,872 0 0
Income (loss) before equity in earnings (losses) of unconsolidated ventures and income tax benefit (expense)                 8,122 573 3,862
Equity in earnings (losses) of unconsolidated ventures                 0 0 0
Income tax benefit (expense)                 0 0 0
Net income (loss)                 8,122 573 3,862
Operating Segments | Operating                      
Segment Reporting Information [Line Items]                      
Rental and resident fee income                 257,796 255,061 248,082
Net interest income on debt and securities                 0 0 (1)
Other revenue                 1,237 3,718 2,244
Property operating expenses                 (181,203) (187,415) (163,806)
Interest expense                 (56,360) (56,595) (48,742)
Other expenses related to securitization trust                   0 0
Transaction costs                 (122) (828) (8,972)
Asset management and other fees - related party                 0 0 0
General and administrative expenses                 (42) (856) (866)
Depreciation and amortization                 (56,660) (93,439) (92,332)
Impairment loss                 (23,422) (31,183) 0
Unrealized gain (loss) on mortgage loans held in securitization trust, net                   0 0
Realized gain (loss) on investments and other                 719 2,525 116
Income (loss) before equity in earnings (losses) of unconsolidated ventures and income tax benefit (expense)                 (58,057) (109,012) (64,277)
Equity in earnings (losses) of unconsolidated ventures                 0 0 0
Income tax benefit (expense)                 (75) (114) (43)
Net income (loss)                 (58,132) (109,126) (64,320)
Operating Segments | Unconsolidated Investments                      
Segment Reporting Information [Line Items]                      
Rental and resident fee income                 0 0 0
Net interest income on debt and securities                 0 0 0
Other revenue                 0 0 0
Property operating expenses                 0 0 0
Interest expense                 0 0 0
Other expenses related to securitization trust                   0 0
Transaction costs                 0 0 0
Asset management and other fees - related party                 0 0 0
General and administrative expenses                 0 (2) 0
Depreciation and amortization                 0 0 0
Impairment loss                 0 0 0
Unrealized gain (loss) on mortgage loans held in securitization trust, net                   0 0
Realized gain (loss) on investments and other                 0 14,086 0
Income (loss) before equity in earnings (losses) of unconsolidated ventures and income tax benefit (expense)                 0 14,084 0
Equity in earnings (losses) of unconsolidated ventures                 (3,545) (33,517) (35,314)
Income tax benefit (expense)                 0 0 0
Net income (loss)                 (3,545) (19,433) (35,314)
Operating Segments | Debt and Securities                      
Segment Reporting Information [Line Items]                      
Rental and resident fee income                 0 0 0
Net interest income on debt and securities                 7,703 8,534 11,749
Other revenue                 35 375 0
Property operating expenses                 0 0 0
Interest expense                 0 0 0
Other expenses related to securitization trust                   0 0
Transaction costs                 0 0 0
Asset management and other fees - related party                 0 0 0
General and administrative expenses                 (38) (46) (49)
Depreciation and amortization                 0 0 0
Impairment loss                 0 0 0
Unrealized gain (loss) on mortgage loans held in securitization trust, net                   (314) (26)
Realized gain (loss) on investments and other                 0 3,495 0
Income (loss) before equity in earnings (losses) of unconsolidated ventures and income tax benefit (expense)                 7,700 12,044 11,674
Equity in earnings (losses) of unconsolidated ventures                 0 0 0
Income tax benefit (expense)                 0 0 0
Net income (loss)                 7,700 12,044 11,674
Operating Segments | Corporate                      
Segment Reporting Information [Line Items]                      
Rental and resident fee income                 0 0 0
Net interest income on debt and securities                 0 (314) (1,529)
Other revenue                 686 841 646
Property operating expenses                 0 0 0
Interest expense                 (102) (275) (74)
Other expenses related to securitization trust                   0 0
Transaction costs                 0 0 0
Asset management and other fees - related party                 (19,789) (23,478) (41,954)
General and administrative expenses                 (12,413) (13,303) (12,491)
Depreciation and amortization                 0 0 0
Impairment loss                 0 0 0
Unrealized gain (loss) on mortgage loans held in securitization trust, net                   314 1,529
Realized gain (loss) on investments and other                 (277) 137 0
Income (loss) before equity in earnings (losses) of unconsolidated ventures and income tax benefit (expense)                 (31,895) (36,078) (53,873)
Equity in earnings (losses) of unconsolidated ventures                 0 0 0
Income tax benefit (expense)                 0 0 0
Net income (loss)                 $ (31,895) (36,078) (53,873)
Discount accretion income                   300 1,500
Investing VIE                      
Segment Reporting Information [Line Items]                      
Rental and resident fee income                   0 0
Net interest income on debt and securities                   811 3,922
Other revenue                   0 0
Property operating expenses                   0 0
Interest expense                   0 0
Other expenses related to securitization trust                   (811) (3,922)
Transaction costs                   0 0
Asset management and other fees - related party                   0 0
General and administrative expenses                   0 0
Depreciation and amortization                   0 0
Impairment loss                   0 0
Unrealized gain (loss) on mortgage loans held in securitization trust, net                   0 0
Realized gain (loss) on investments and other                   0 0
Income (loss) before equity in earnings (losses) of unconsolidated ventures and income tax benefit (expense)                   0 0
Equity in earnings (losses) of unconsolidated ventures                   0 0
Income tax benefit (expense)                   0 0
Net income (loss)                   $ 0 $ 0