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Co-investments (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment $ 618,259,000   $ 618,259,000   $ 571,345,000
Preferred return rate (in hundredths)     9.50%    
Preferred equity redemption 13,100,000   9,700,000    
Early redemption penalties 500,000   400,000    
Balance sheets: [Abstract]          
Rental properties and real estate under development 70,242,000   70,242,000   66,851,000
Other Liabilities 22,432,000   22,432,000   22,167,000
Statement of operations: [Abstract]          
Interest expense (26,325,000) (24,659,000) (51,536,000) (49,316,000)  
General and administrative (6,224,000) (5,764,000) (12,850,000) (11,164,000)  
Depreciation and Amortization (3,002,000) (2,882,000) (5,932,000) (5,754,000)  
Membership interest in Wesco I [Member]
         
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment 142,704,000   142,704,000   143,874,000
Partnership interest in Fund II [Member]
         
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment 23,945,000   23,945,000   53,601,000
Membership interest in Wesco III [Member]
         
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment 37,917,000   37,917,000   9,941,000
Total operating co investments [Member]
         
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment 223,555,000   223,555,000   226,168,000
Statement of operations: [Abstract]          
Net Loss     (2,106,000) (1,435,000)  
Membership interests in limited liability companies that own and are developing Epic, Connolly Station, Mosso I. & II. , and Elkhorn [Member]
         
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment 229,095,000   229,095,000   186,362,000
Membership interests in a limited liability company that owns and is developing Expo [Member]
         
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment 18,989,000   18,989,000   18,752,000
Membership interests in limited liability companies that own and are developing The Huxley and The Dylan [Member]
         
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment 17,381,000   17,381,000   16,552,000
Preferred return rate (in hundredths)     10.00%    
Membership interests in limited liability companies that owns and is developing One South Market [Member]
         
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment 16,908,000   16,908,000   0
Total development co investments [Member]
         
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment 263,384,000   263,384,000   202,914,000
Membership interest in Wesco II that owns a preferred equity interest in Park Merced with a preferred return of 10.1% [Member]
         
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment 93,273,000   93,273,000   91,843,000
Preferred return rate (in hundredths)     10.10%    
Preferred interests in related party limited liability companies that owns Sage at Cupertino with a preferred return of 9.5% [Member]
         
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment 15,493,000   15,493,000   14,438,000
Preferred return rate (in hundredths)     9.50%    
Preferred interest in a related limited liability company that owns Madison Park at Anaheim with a preferred return of 13% [Member]
         
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment 13,536,000   13,536,000   13,175,000
Preferred return rate (in hundredths)     13.00%    
Preferred interests in limited liability companies that own apartment communities in downtown Los Angeles with preferred returns of 9% repaid in March 2013 [Member]
         
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment 0   0   22,807,000
Preferred return rate (in hundredths)     9.00%    
Preferred interest in related limited liability company that owns an apartment deveopment in Redwood City with a preferred return of 9.5% [Member]
         
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment 9,018,000   9,018,000   0
Preferred return rate (in hundredths)     9.50%    
Total preferred interest investments [Member]
         
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment 131,320,000   131,320,000   142,263,000
Preferred equity Interest investment [Member]
         
Investments in joint ventures accounted for under the equity method of accounting [Abstract]          
Total co-investment 8,600,000   8,600,000    
Total co investment [Member]
         
Balance sheets: [Abstract]          
Rental properties and real estate under development 1,769,246,000   1,769,246,000   1,745,147,000
Other Assets 65,238,000   65,238,000   168,061,000
Total assets 1,834,484,000   1,834,484,000   1,913,208,000
Debt 663,830,000   663,830,000   820,895,000
Other Liabilities 147,356,000   147,356,000   91,922,000
Equity 1,023,298,000   1,023,298,000   1,000,391,000
Total liabilities and equity 1,834,484,000   1,834,484,000   1,913,208,000
Company's share of equity 618,259,000   618,259,000   571,345,000
Statement of operations: [Abstract]          
Property revenues 26,258,000 28,233,000 54,117,000 62,556,000  
Property operating expenses (9,874,000) (10,029,000) (19,702,000) (23,166,000)  
Net property operating income 16,384,000 18,204,000 34,415,000 39,390,000  
Interest expense (6,094,000) (7,792,000) (12,872,000) (16,337,000)  
General and administrative (1,539,000) (920,000) (3,053,000) (1,716,000)  
Depreciation and Amortization (9,577,000) (8,876,000) (20,596,000) (22,772,000)  
Net Loss (826,000) 616,000      
Company's share of net income (loss) $ 7,282,000 $ 3,111,000 $ 11,493,000 $ 5,451,000