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Related Party Transactions (Details)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended
Aug. 31, 2015
USD ($)
apartment
Jun. 30, 2015
USD ($)
apartment
Mar. 31, 2015
USD ($)
Jan. 31, 2013
USD ($)
Sep. 30, 2016
USD ($)
apartment
Sep. 30, 2015
USD ($)
Sep. 30, 2016
USD ($)
apartment
Sep. 30, 2015
USD ($)
Dec. 31, 2015
USD ($)
Related Party Transaction [Line Items]                  
Management and other fees from affiliates         $ 3,100 $ 3,300 $ 9,600 $ 12,500  
Development and redevelopment fees         $ 1,000 $ 1,200 3,400 5,800  
Payments to acquire preferred equity investments             $ 121,972 119,120  
Apartment units owned (in units) | apartment         59,290   59,290    
Company's share of gain on the sales of co-investments             $ 13,046 $ 0  
Notes and other receivables         $ 22,941   22,941   $ 19,285
Notes Receivable [Member]                  
Related Party Transaction [Line Items]                  
Notes and other receivables         3,600   3,600    
Notes And Other Receivables From Affiliates [Member]                  
Related Party Transaction [Line Items]                  
Notes and other receivables         $ 3,602   $ 3,602   $ 3,092
Marcus and Millichamp Company TMMC Affiliate [Member]                  
Related Party Transaction [Line Items]                  
Preferred equity interest investment related party entity       $ 8,600          
Company's share of gain on the sales of co-investments     $ 500            
Anaheim, CA Multifamily Property [Member]                  
Related Party Transaction [Line Items]                  
Preferred equity investments     13,700            
Payments to acquire preferred equity investments     1,300            
Company's share of gain on the sales of co-investments     $ 13,700            
Preferred stock, stated interest percentage     9.00%            
Greentree Apartments [Member] | Limited Liability Company [Member]                  
Related Party Transaction [Line Items]                  
Payments to acquire preferred equity investments   $ 10,000              
Preferred stock, stated interest percentage   9.50%              
Apartment units owned (in units) | apartment   220              
Sterling Cove [Member] | Limited Liability Company [Member]                  
Related Party Transaction [Line Items]                  
Payments to acquire preferred equity investments   $ 5,000              
Preferred stock, stated interest percentage   9.50%              
Apartment units owned (in units) | apartment   218              
Alta Vista Apartments [Member] | Limited Liability Company [Member]                  
Related Party Transaction [Line Items]                  
Payments to acquire preferred equity investments $ 5,000                
Preferred stock, stated interest percentage 9.50%                
Apartment units owned (in units) | apartment 92