CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]
Revenues	$ 55,576	$ 58,553	$ 171,417	$ 175,589
Expenses:
Residence operations (exclusive of depreciation and amortization and residence lease expense shown below)	42,314	34,545	111,865	103,144
General and administrative	4,792	2,928	13,649	10,558
Residence lease expense	2,834	4,430	10,683	13,225
Lease termination and settlement	(25)	0	37,130	0
Depreciation and amortization	6,526	5,807	18,088	17,260
Intangible impairment	0	0	8,650	0
Asset impairment	3,500	0	3,500	0
Transaction costs	0	0	1,046	0
Total operating expenses	59,941	47,710	204,611	144,187
(Loss)/income from operations	(4,365)	10,843	(33,194)	31,402
Interest expense:
Debt	(2,321)	(1,858)	(5,660)	(6,046)
Change in fair value of derivatives and amortization	0	164	0	(94)
Write-off of deferred financing costs	0	0	0	(279)
Interest income	3	2	8	8
Gain on sale of securities	0	0	0	910
(Loss)/income before income taxes	(6,683)	9,151	(38,846)	25,901
Income tax benefit/(expense)	2,641	(3,388)	15,344	(8,851)
Net (loss)/income	$ (4,042)	$ 5,763	$ (23,502)	$ 17,050
Weighted average common shares:
Basic (in shares)	22,970	22,962	22,970	22,951
Diluted (in shares)	22,970	23,236	22,970	23,261
Per share data:
Basic earnings per common share (in dollars per share)	$ (0.18)	$ 0.25	$ (1.02)	$ 0.74
Diluted earnings per common share (in dollars per share)	$ (0.18)	$ 0.25	$ (1.02)	$ 0.73
Dividends declared and paid per common share (in dollars per share)	$ 0.00	$ 0.10	$ 0.20	$ 0.20