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Investments in Real Estate Entities (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
USD ($)
entity
agreement
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
entity
home
agreement
Jun. 30, 2014
USD ($)
Investment in Real Estate Entities        
Impairment of Real Estate $ 0 $ 0   $ 0
Equity Method Investment, Summarized Financial Information, Revenue 43,395 52,270 $ 88,650 104,646
Equity Method Investment, Summarized Financial Information, Operating and Other Expenses 17,375 20,483 34,712 41,691
Equity in income of unconsolidated real estate entities 13,806 7,710 48,371 12,933
Gain on sale of communities 0 5,682 32,490 5,682
Equity Method Investment, Summarized Financial Information Interest Expense 10,334 13,523 20,811 27,413
Equity Method Investment, Summarized Financial Information, Depreciation and Amortization 11,942 13,863 23,845 28,280
Equity Method Investment, Summarized Financial Information, Net Income (Loss) $ 3,744 $ 10,083 41,772 $ 12,944
Avalon Mills [Member]        
Investment in Real Estate Entities        
Impairment of Real Estate     800  
Fund II        
Investment in Real Estate Entities        
Repayments of secured mortgages     $ 9,395  
Fund II | Eaves Plainsboro [Member]        
Investment in Real Estate Entities        
Number of apartment homes sold | home     776  
Proceeds from sale of real estate     $ 117,000  
Gain on sale of communities     $ 9,660  
Unconsolidated real estate entities        
Investment in Real Estate Entities        
Number of unconsolidated real estate entities | entity 5   5  
Unconsolidated real estate entities | Minimum        
Investment in Real Estate Entities        
Ownership interest percentage 20.00%   20.00%  
Unconsolidated real estate entities | Maximum        
Investment in Real Estate Entities        
Ownership interest percentage 31.30%   31.30%  
MVPI LLC [Member]        
Investment in Real Estate Entities        
Fixed rate (as a percent) 3.24%   3.24%  
Payments for (Proceeds from) Other Real Estate Partnerships     $ 20,680  
Noncontrolling Interest, Ownership Percentage by Parent 25.00%   25.00%  
Secured notes | MVPI LLC [Member]        
Investment in Real Estate Entities        
Repayments of secured mortgages $ 105,000      
Residual Joint Venture [Member]        
Investment in Real Estate Entities        
Equity in income of unconsolidated real estate entities $ 9,549   $ 11,464  
Number of Limited Liability Company Agreements | agreement 3   3  
Ownership Interest Held by Subsidiaries 40.00%   40.00%