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Significant Transactions During the First Quarter of 2013 and Subsequent Events (Details) (USD $)
3 Months Ended 6 Months Ended 3 Months Ended
Jun. 30, 2013
Unit
Jun. 30, 2012
Jun. 30, 2013
Unit
Jun. 30, 2012
Jun. 30, 2013
Secured Debt [Member]
Jun. 30, 2013
Mello Roos Bonds [Member]
Jun. 30, 2013
Essex Apartment Value Fund II, LP [Member]
May 30, 2013
Regency at Mountain View [Member]
Unit
May 30, 2013
Gas Company Lofts [Member]
Unit
Acquisitions [Abstract]                  
Cost of acquired entity               $ 42,500,000 $ 71,000,000
Number of units 222   222         142 251
Dispositions [Abstract]                  
Sale of land held for future development 244,000,000           26,400,000    
Ownership percentage in Fund II             28.20% 50.00%  
Number of units disposed of 222   222         142 251
Gain on sale of land 0 0 1,503,000 0     2,400,000    
Penalty paid on repayment of debt             200,000    
Sale of land, subsequent event 244,000,000           26,400,000    
Secured Debt [Abstract]                  
Early extinguishment of debt         27,300,000 14,200,000      
(Gain) loss on early retirement of debt (1,024,000) 1,450,000 (1,024,000) 1,450,000 (200,000) 1,500,000      
Line of Credit Facility, Remaining Borrowing Capacity 621,000,000   621,000,000            
Structured Financing [Abstract]                  
Cash proceeds from redemption of preferred equity investment 13,100,000                
Early redemption of investment penalty $ (500,000)