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Related Party Transactions (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Unit
Dec. 31, 2012
Unit
Dec. 31, 2011
Related Party Transactions [Abstract]      
Management and other fees from affiliates including management, property management, development and redevelopment fees from co-investments, net of intercompany amounts eliminated by company $ 11.7 $ 10.9 $ 6.1
Related Party Transaction [Line Items]      
Debt instrument, basis spread on variable rate (in hundredths)   2.50%  
Number of units acquired 1,079 2,052  
Cost of acquired entity 349.1 551.1  
Executive Vice President of the Company invested 4.0    
Limited partnership interest in partnership investments (in hundredths) 3.00%    
Marcus and Millichamp Company TMMC Affiliate [Member]
     
Related Party Transaction [Line Items]      
Preferred equity interest investment in a related party entity 8.6    
Brokerage commissions revenue 0.6 0.4 0
Wesco III [Member]
     
Related Party Transaction [Line Items]      
Short term bridge loan   26.0  
Pacific Urban Residential [Member]
     
Related Party Transaction [Line Items]      
Preferred equity interest investment in a related party entity   14.0  
Additional preferred equity interest investment related party entity   4.0  
Preferred return on investment in related party investee (in hundredths)   9.50%  
Maturity date   May 31, 2016  
Montebello [Member]
     
Related Party Transaction [Line Items]      
Number of units acquired   248  
Cost of acquired entity   52.0  
TMCC and Wesco I [Member]
     
Related Party Transaction [Line Items]      
Units in the community   156  
Cost of acquired entity   38.3  
MMC [Member]
     
Related Party Transaction [Line Items]      
Preferred return on preferred equity investment, thereafter, maximum (in hundredths) 13.00%    
Preferred return on preferred equity investment, thereafter, minimum (in hundredths) 9.00%    
Maximum Term Extended (in years) 1 year    
Income related to the restructured investment $ 0.4