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Investments in Real Estate Entities (Details) (USD $)
3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Fund I
Weymouth Place
home
Jun. 30, 2014
Fund I
Springs
Jun. 30, 2014
Fund I
Springs
Jun. 30, 2014
Unconsolidated real estate entities
entity
Jun. 30, 2014
Unconsolidated real estate entities
Minimum
Jun. 30, 2014
Unconsolidated real estate entities
Maximum
Jun. 30, 2014
Joint venture
Jun. 30, 2014
Residual JV
Jun. 30, 2014
Residual JV
Jun. 30, 2014
Prepaid Expenses and Other Current Assets [Member]
Jun. 30, 2014
Secured notes
Jun. 30, 2014
Secured notes
Notes payable maturing in 2014
Fund I
Springs
Investment in Real Estate Entities                                
Number of unconsolidated real estate entities               7                
Ownership interest percentage                 15.20% 31.30%            
Number of apartment homes sold         616                      
Proceeds from sale of real estate         $ 90,750,000               $ 43,112,000      
Gain on sale of communities 5,682,000 11,216,000 5,682,000 65,267,000 2,972,000   14,132,000         6,658,000 7,548,000      
Percentage of gain (loss) from sale of real estate recognized in income           100.00%                    
Gain on sale of land 0 240,000 0 240,000     16,656,000                  
Noncontrolling interest, ownership percentage by noncontrolling owners           84.80% 84.80%                  
Repayments of secured mortgages                             5,914,000 21,748,000
Fixed rate (as a percent)                               6.06%
Variable interest entity, ownership percentage                     70.00%          
Variable interest entity, ownership interest by noncontrolling interest                     30.00%          
Company funded venture                           $ 5,284,000