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Marketable Securities and Fair Value Measurements (Marketable Securities) (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]    
Adjusted Cost $ 88,744us-gaap_AvailableForSaleSecuritiesAmortizedCost $ 98,912us-gaap_AvailableForSaleSecuritiesAmortizedCost
Gross Unrealized Gains 58,370us-gaap_AvailableForSaleEquitySecuritiesGrossUnrealizedGain 57,137us-gaap_AvailableForSaleEquitySecuritiesGrossUnrealizedGain
Gross Unrealized Losses (844)us-gaap_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss (1,231)us-gaap_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss
Fair Value 146,270us-gaap_AvailableForSaleSecurities 154,818us-gaap_AvailableForSaleSecurities
Equity Securities, primarily REITs [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Adjusted Cost 1,405us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
1,405us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
Gross Unrealized Gains 499us-gaap_AvailableForSaleEquitySecuritiesGrossUnrealizedGain
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
367us-gaap_AvailableForSaleEquitySecuritiesGrossUnrealizedGain
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
Gross Unrealized Losses      
Fair Value 1,904us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
1,772us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
Marco OP and OP II Units [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Adjusted Cost 47,029us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= cik1296884_MarcoOpUnitsAndOpTwoUnitsMember
51,970us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= cik1296884_MarcoOpUnitsAndOpTwoUnitsMember
Gross Unrealized Gains 57,088us-gaap_AvailableForSaleEquitySecuritiesGrossUnrealizedGain
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= cik1296884_MarcoOpUnitsAndOpTwoUnitsMember
55,872us-gaap_AvailableForSaleEquitySecuritiesGrossUnrealizedGain
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= cik1296884_MarcoOpUnitsAndOpTwoUnitsMember
Gross Unrealized Losses      
Fair Value 104,117us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= cik1296884_MarcoOpUnitsAndOpTwoUnitsMember
107,842us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= cik1296884_MarcoOpUnitsAndOpTwoUnitsMember
Corporate Bonds And Preferred Equities [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Adjusted Cost 35,880us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= cik1296884_CorporateBondsAndPreferredEquitiesMember
40,705us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= cik1296884_CorporateBondsAndPreferredEquitiesMember
Gross Unrealized Gains 783us-gaap_AvailableForSaleEquitySecuritiesGrossUnrealizedGain
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= cik1296884_CorporateBondsAndPreferredEquitiesMember
898us-gaap_AvailableForSaleEquitySecuritiesGrossUnrealizedGain
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= cik1296884_CorporateBondsAndPreferredEquitiesMember
Gross Unrealized Losses (557)us-gaap_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= cik1296884_CorporateBondsAndPreferredEquitiesMember
(955)us-gaap_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= cik1296884_CorporateBondsAndPreferredEquitiesMember
Fair Value 36,106us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= cik1296884_CorporateBondsAndPreferredEquitiesMember
40,648us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= cik1296884_CorporateBondsAndPreferredEquitiesMember
Mortgage Backed Securities [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Adjusted Cost 4,430us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesMember
4,832us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesMember
Gross Unrealized Gains      
Gross Unrealized Losses (287)us-gaap_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesMember
(276)us-gaap_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesMember
Fair Value $ 4,143us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesMember
$ 4,556us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesMember