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Mortgages Payable Mortgage Payable by Property (Details) (USD $)
12 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2012
Feb. 28, 2013
Dec. 31, 2011
Mar. 31, 2011
Arboretum [Member]
Jun. 30, 2011
Eagle Village [Member]
Jun. 30, 2012
Glynn Place [Member]
Mar. 31, 2012
Residences at DeCordova [Member]
Sep. 30, 2011
Residences at Weatherford [Member]
Dec. 31, 2012
Real Estate [Member]
Dec. 31, 2011
Real Estate [Member]
Dec. 31, 2012
Real Estate [Member]
Arboretum [Member]
Dec. 31, 2011
Real Estate [Member]
Arboretum [Member]
Dec. 31, 2012
Real Estate [Member]
Eagle Village [Member]
Dec. 31, 2011
Real Estate [Member]
Eagle Village [Member]
Dec. 31, 2012
Real Estate [Member]
Glynn Place [Member]
Dec. 31, 2011
Real Estate [Member]
Glynn Place [Member]
Dec. 31, 2012
Real Estate [Member]
Residences at DeCordova [Member]
Dec. 31, 2012
Real Estate [Member]
Residences at Weatherford [Member]
Dec. 31, 2011
Real Estate [Member]
Residences at Weatherford [Member]
Mortgage Loans on Real Estate [Line Items]                                      
Long-term Debt $ 39,119,507 $ 7,500,000 $ 35,464,455         $ 6,400,000 $ 39,119,507 $ 35,464,455 $ 17,500,000 $ 17,500,000 $ 8,925,000 $ 8,925,000 $ 4,252,836 $ 4,308,468 $ 1,995,628 $ 6,446,043 $ 4,730,987
Debt Instrument, Face Amount       $ 17,500,000 $ 8,900,000   $ 2,000,000 $ 6,500,000 $ 39,405,000 $ 35,635,987 $ 17,500,000 $ 17,500,000 $ 8,925,000 $ 8,925,000 $ 4,480,000 $ 4,480,000 $ 2,000,000 $ 6,500,000 $ 4,730,987
Long Term Debt, Maturity date at a point in time Apr. 01, 2050     Mar. 31, 2014 Jun. 01, 2013 May 01, 2013 Feb. 01, 2017 Jul. 28, 2015     Mar. 01, 2014 Mar. 01, 2014 Jun. 01, 2013 Jun. 01, 2013 May 01, 2013 May 01, 2012 Feb. 01, 2017 Jul. 01, 2015 Jul. 01, 2015
Debt Instrument, Interest Rate, Effective Percentage                     5.25% [1] 5.25% [1] 3.50% [1] 3.50% [1] 2.78% [1] 2.99% [1] 5.01% [1] 5.84% [1] 5.63% [1]
[1] Represents the average effective interest rate, including fees, for the years ended December 31, 2012 and 2011 and excludes the effect of interest rate caps (see Note 15).