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Investment in Unconsolidated Affiliated Real Estate Entity (Unaudited Condensed Balance Sheet) (Details) (1407 Broadway Mezz II, LLC [Member], USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Schedule Of Condensed Consolidating Balance Sheets [Line Items]    
Equity Method Investment, assets $ 158,875us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets $ 152,956us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets
Member capital 16,674us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital 13,614us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
Total liabilities and members' capital 158,875us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity 152,956us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
Real estate, at cost (net) [Member]
   
Schedule Of Condensed Consolidating Balance Sheets [Line Items]    
Equity Method Investment, assets 122,937us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets
/ us-gaap_BalanceSheetLocationAxis
= us-gaap_RealEstateMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cik1296884_FourteenZeroSevenBroadwayMezzIiLlcMember
121,304us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets
/ us-gaap_BalanceSheetLocationAxis
= us-gaap_RealEstateMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cik1296884_FourteenZeroSevenBroadwayMezzIiLlcMember
Intangible Assets [Member]
   
Schedule Of Condensed Consolidating Balance Sheets [Line Items]    
Equity Method Investment, assets 16us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets
/ us-gaap_BalanceSheetLocationAxis
= cik1296884_IntangibleAssetsMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cik1296884_FourteenZeroSevenBroadwayMezzIiLlcMember
28us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets
/ us-gaap_BalanceSheetLocationAxis
= cik1296884_IntangibleAssetsMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cik1296884_FourteenZeroSevenBroadwayMezzIiLlcMember
Cash and restricted cash [Member]
   
Schedule Of Condensed Consolidating Balance Sheets [Line Items]    
Equity Method Investment, assets 14,101us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets
/ us-gaap_BalanceSheetLocationAxis
= us-gaap_CashAndCashEquivalentsMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cik1296884_FourteenZeroSevenBroadwayMezzIiLlcMember
8,951us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets
/ us-gaap_BalanceSheetLocationAxis
= us-gaap_CashAndCashEquivalentsMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cik1296884_FourteenZeroSevenBroadwayMezzIiLlcMember
Other Assets [Member]
   
Schedule Of Condensed Consolidating Balance Sheets [Line Items]    
Equity Method Investment, assets 21,821us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets
/ us-gaap_BalanceSheetLocationAxis
= us-gaap_OtherAssetsMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cik1296884_FourteenZeroSevenBroadwayMezzIiLlcMember
22,673us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets
/ us-gaap_BalanceSheetLocationAxis
= us-gaap_OtherAssetsMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cik1296884_FourteenZeroSevenBroadwayMezzIiLlcMember
Mortgage payable [Member]
   
Schedule Of Condensed Consolidating Balance Sheets [Line Items]    
Equity Method Investment, liabilities 125,917us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilities
/ us-gaap_BalanceSheetLocationAxis
= us-gaap_SecuredDebtMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cik1296884_FourteenZeroSevenBroadwayMezzIiLlcMember
126,000us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilities
/ us-gaap_BalanceSheetLocationAxis
= us-gaap_SecuredDebtMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cik1296884_FourteenZeroSevenBroadwayMezzIiLlcMember
Other Liabilities [Member]
   
Schedule Of Condensed Consolidating Balance Sheets [Line Items]    
Equity Method Investment, liabilities $ 16,284us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilities
/ us-gaap_BalanceSheetLocationAxis
= us-gaap_OtherLiabilitiesMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cik1296884_FourteenZeroSevenBroadwayMezzIiLlcMember
$ 13,342us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilities
/ us-gaap_BalanceSheetLocationAxis
= us-gaap_OtherLiabilitiesMember
/ us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis
= cik1296884_FourteenZeroSevenBroadwayMezzIiLlcMember