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Investment in Unconsolidated Affiliated Real Estate Entity (Summary of Company's Investments in Unconsolidated Affiliated Real Estate Entity) (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]    
Total investments in unconsolidated affiliated real estate entity $ 11,284us-gaap_EquityMethodInvestments $ 9,846us-gaap_EquityMethodInvestments
1407 Broadway Mezz II, LLC [Member]    
Schedule of Equity Method Investments [Line Items]    
Date Acquired Jan. 04, 2007  
Ownership interest 49.00%us-gaap_EquityMethodInvestmentOwnershipPercentage
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cik1296884_FourteenZeroSevenBroadwayMezzIiLlcMember		  
Total investments in unconsolidated affiliated real estate entity $ 11,284us-gaap_EquityMethodInvestments
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cik1296884_FourteenZeroSevenBroadwayMezzIiLlcMember		 $ 9,846us-gaap_EquityMethodInvestments
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cik1296884_FourteenZeroSevenBroadwayMezzIiLlcMember