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Management Contracts Intangible, net	6 Months Ended
Management Contracts Intangible, net	Jun. 30, 2014
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Management Contracts Intangible, net	Management Contract Intangible, net During the second quarter of 2011, as part of the Company's combination with Eola Capital LLC ("Eola"), the Company purchased the management contracts associated with Eola's property management business. During the three and six months ended June 30, 2014, the Company recorded amortization expense of $1.8 million and $3.6 million, respectively, on the management contracts. At June 30, 2014, the carrying value of this management contract intangible asset, net of accumulated amortization, totaled $8.3 million. The Company assumed a management contract intangible in connection with the Mergers. At December 19, 2013, the date of the Mergers, the contract was valued by an independent appraiser at $1.9 million using Level 3 inputs. During the three and six months ended June 30, 2014, the Company recorded amortization expense of $189,000 and $378,000, respectively, on this management contract intangible. At June 30, 2014, the carrying value of this management contract intangible asset, net of accumulated amortization, totaled $1.5 million.