Investments in Unconsolidated Real Estate Entities (Tables) - Unconsolidated Properties [Member]

12 Months Ended

Dec. 31, 2015

Summary of Financial Information for Apartment LLCs

A summary of financial information for the Apartment LLCs in the aggregate is as follows:

	December 31,
Apartment LLCs - Balance Sheet Data	2015			2014
Real estate assets, net of accumulated depreciation of $54,936    and $49,153 at December 31, 2015 and 2014, respectively	$	208,345		$	208,493
Cash and other		6,215			5,490
Total assets	$	214,560		$	213,983
Mortgage notes payable	$	177,723		$	177,723
Other liabilities		2,994			3,445
Total liabilities		180,717			181,168
Members' equity		33,843			32,815
Total liabilities and members' equity	$	214,560		$	213,983
Company's equity investment in Apartment LLCs (1)	$	(12,017	)	$	(12,565	)

(1) At December 31, 2015 and 2014, the Company’s equity investment includes its credit investments of $15,873 and $16,624, respectively, discussed above.

Schedule of Operation for Apartment LLCs

	Year ended December 31,
Apartment LLCs - Income Statement Data	2015		2014		2013
Revenues
Rental	$	27,795	$	26,502	$	25,692
Other property revenues		1,952		1,857		1,881
Total revenues		29,747		28,359		27,573
Expenses
Property operating and maintenance		11,918		11,939		10,955
Depreciation and amortization		5,886		5,608		5,421
Interest		9,052		9,052		9,052
Total expenses		26,856		26,599		25,428
Net income	$	2,891	$	1,760	$	2,145
Company's share of net income in Apartment LLCs	$	2,208	$	1,788	$	2,090