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Significant Transactions During the Second Quarter of 2016 and Subsequent Events (Details)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
May 31, 2016
USD ($)
apartment
Apr. 30, 2016
USD ($)
unit
$ / shares
shares
Jun. 30, 2016
USD ($)
Mar. 31, 2016
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]                
Payments to acquire preferred equity investments           $ 96,698,000 $ 97,512,000  
Excess of redemption value of preferred stock over the carrying value     $ 0   $ 0 $ 2,541,000 $ 0  
Unsecured Bonds 3.375% [Member] | Unsecured Debt [Member]                
Schedule of Equity Method Investments [Line Items]                
Debt instrument, face amount   $ 450,000,000            
Debt Instrument, interest rate, stated percent   3.375%            
Series H Preferred Stock [Member]                
Schedule of Equity Method Investments [Line Items]                
Preferred stock, stated interest percentage   7.125%       7.125%   7.125%
Preferred stock, shares issued (in shares) | shares   2,950,000            
Preferred stock, shares outstanding (in shares) | shares   2,950,000            
Cumulative redeemable preferred stock redemption price per share (in dollars per share) | $ / shares   $ 25.00            
Redemption of Series H Preferred Stock   $ 73,800,000            
Excess of redemption value of preferred stock over the carrying value       $ 2,500,000        
BEXAWE, LLC [Member]                
Schedule of Equity Method Investments [Line Items]                
Preferred equity investment, ownership (as a percentage)   50.00%            
Canyon Creek [Member] | BEXAWE, LLC [Member]                
Schedule of Equity Method Investments [Line Items]                
Number of units sold (in number of units) | unit   200            
Sales of real estate   $ 53,500,000            
Gain on sale of properties   5,600,000            
Repayments of secured debt   $ 26,300,000            
624 Yale Apartments [Member]                
Schedule of Equity Method Investments [Line Items]                
Payments to acquire preferred equity investments $ 23,700,000              
Number of units acquired (in number of units) | apartment 206              
Preferred stock, stated interest percentage 10.00%              
Preferred stock, dividend rate, initial measurement period (in months) 30 months              
Preferred stock, contingent return rate (as a percent) 8.00%