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Significant Transactions During the Second Quarter of 2014 and Subsequent Events (Details) (USD $)
0 Months Ended 1 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 1 Months Ended
Nov. 05, 2014
Oct. 31, 2014
Sep. 30, 2014
Sep. 30, 2013
Nov. 04, 2014
Sep. 30, 2014
Common Stock [Member]
Sep. 30, 2014
Common Stock [Member]
Jul. 31, 2014
Paragon Apartments [Member]
Apartment
Aug. 31, 2014
Apex [Member]
Unit
Aug. 31, 2014
Ellington [Member]
Unit
Acquisitions [Abstract]                    
Cost of acquired entity   $ 180,000,000 $ 555,826,000 $ 0       $ 111,000,000 $ 150,000,000 $ 58,800,000
Fixed rate of interest (in hundredths)   5.50%                
Term of loan   Feb. 28, 2017                
Interest Expense Attributable to the Entity   110,000,000                
Number of units               301 366 220
Ownership percentage (in hundredths)   50.00% 50.00%   28.20%          
Income from Promotion 5,500,000                  
Redemption Penalties   5,300,000                
Proceed from sale of assets 23,500,000 101,000,000                
Common Stock [Abstract]                    
Shares issued during the period (in shares)           801,909 2,527,000      
Average share price (in dollars per share)           $ 190.06 $ 177.83      
Proceed from stock issuance, net of commissions     $ 450,812,000 $ 122,905,000   $ 151,400,000 $ 450,800,000