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Organization (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]    
General partner ownership interest 98.00%us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest  
Retail [Member]    
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]    
Occupancy of properties 82.80%cik1296884_OccupancyPercentageOfCommercialProperties
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_RetailMember
 
Industrial Properties [Member]    
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]    
Occupancy of properties 76.40%cik1296884_OccupancyPercentageOfCommercialProperties
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_IndustrialPropertiesMember
 
Residential Real Estate [Member]    
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]    
Occupancy of properties 95.10%cik1296884_OccupancyPercentageOfCommercialProperties
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_ResidentialRealEstatePropertiesMember
 
Hospitality [Member]    
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]    
Occupancy of properties 53.40%cik1296884_OccupancyPercentageOfCommercialProperties
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_HospitalityMember
 
Average revenue per available room 60.52cik1296884_AverageRevenuePerAvailableRoom
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_HospitalityMember
 
Office [Member]    
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]    
Occupancy of properties 82.50%cik1296884_OccupancyPercentageOfCommercialProperties
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_OfficeMember
 
Crowes Crossing [Member]    
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]    
Gain on disposition   $ 1.6us-gaap_GainLossOnSaleOfPropertyPlantEquipment
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_CrowesCrossingMember
Hotel Portfolio [Member]    
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]    
Number of real estate properties classified as held for sale 11cik1296884_RealEstatePropertiesHeldForSaleNumber
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_HotelPortfolioMember
 
Number of real estate properties sold 7cik1296884_RealEstatePropertiesSoldNumber
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_HotelPortfolioMember
 
Number of remaining held for sale real estate properties 4cik1296884_RealEstatePropertiesHeldForSaleRemainingNumber
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_HotelPortfolioMember
 
Wholly Owned Properties [Member] | Retail [Member]    
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]    
Number of properties 3us-gaap_NumberOfRealEstateProperties
/ us-gaap_InvestmentSecondaryCategorizationAxis
= us-gaap_WhollyOwnedPropertiesMember
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_RetailMember
 
Area of real estate space 700,000us-gaap_AreaOfRealEstateProperty
/ us-gaap_InvestmentSecondaryCategorizationAxis
= us-gaap_WhollyOwnedPropertiesMember
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_RetailMember
 
Wholly Owned Properties [Member] | Industrial Properties [Member]    
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]    
Number of properties 14us-gaap_NumberOfRealEstateProperties
/ us-gaap_InvestmentSecondaryCategorizationAxis
= us-gaap_WhollyOwnedPropertiesMember
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_IndustrialPropertiesMember
 
Area of real estate space 1,000,000us-gaap_AreaOfRealEstateProperty
/ us-gaap_InvestmentSecondaryCategorizationAxis
= us-gaap_WhollyOwnedPropertiesMember
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_IndustrialPropertiesMember
 
Wholly Owned Properties [Member] | Residential Real Estate [Member]    
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]    
Number of properties 5us-gaap_NumberOfRealEstateProperties
/ us-gaap_InvestmentSecondaryCategorizationAxis
= us-gaap_WhollyOwnedPropertiesMember
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_ResidentialRealEstatePropertiesMember
 
Property units 1,216us-gaap_NumberOfUnitsInRealEstateProperty
/ us-gaap_InvestmentSecondaryCategorizationAxis
= us-gaap_WhollyOwnedPropertiesMember
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_ResidentialRealEstatePropertiesMember
 
Wholly Owned Properties [Member] | Hospitality [Member]    
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]    
Number of properties 5us-gaap_NumberOfRealEstateProperties
/ us-gaap_InvestmentSecondaryCategorizationAxis
= us-gaap_WhollyOwnedPropertiesMember
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_HospitalityMember
 
Number of rooms 779cik1296884_NumberOfRooms
/ us-gaap_InvestmentSecondaryCategorizationAxis
= us-gaap_WhollyOwnedPropertiesMember
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_HospitalityMember
 
Investments in unconsolidated affiliated real estate entities [Member] | Office [Member]    
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]    
Number of properties 1us-gaap_NumberOfRealEstateProperties
/ us-gaap_InvestmentSecondaryCategorizationAxis
= us-gaap_EquityMethodInvestmentsMember
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_OfficeMember
 
Area of real estate space 1,100,000us-gaap_AreaOfRealEstateProperty
/ us-gaap_InvestmentSecondaryCategorizationAxis
= us-gaap_EquityMethodInvestmentsMember
/ us-gaap_RealEstatePropertiesAxis
= cik1296884_OfficeMember