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Marketable Securities and Fair Value Measurements (Narrative) (Details) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Shares of equity securities sold 60,000cik1296884_EquitySecuritiesSecuritiesSoldDuringPeriod    
Equity securities sold, cost basis $ 4,900,000us-gaap_OtherInvestmentsAndSecuritiesAtCost    
Proceeds from sale of equity securities 11,500,000us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity    
Realized gain on sale of equity securities 6,600,000us-gaap_MarketableSecuritiesGainLoss    
Marco OP units, with an adjusted cost basis, not in escrow 88,744,000us-gaap_AvailableForSaleSecuritiesAmortizedCost   98,912,000us-gaap_AvailableForSaleSecuritiesAmortizedCost
Margin Loan [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Debt instrument, interest rate terms
Libor plus 0.85%
   
Debt instrument, interest rate basis point above reference rate 0.85%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ cik1296884_CategoriesOfLoanAndCommitmentsAxis
= cik1296884_MarginLoanMember
   
Debt instrument, interest rate at end of period 1.03%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ cik1296884_CategoriesOfLoanAndCommitmentsAxis
= cik1296884_MarginLoanMember
   
Margin loan, outstanding 500,000us-gaap_OtherLoansPayable
/ cik1296884_CategoriesOfLoanAndCommitmentsAxis
= cik1296884_MarginLoanMember
  18,700,000us-gaap_OtherLoansPayable
/ cik1296884_CategoriesOfLoanAndCommitmentsAxis
= cik1296884_MarginLoanMember
Line of Credit [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Debt instrument, interest rate terms
Libor plus 3.00%
   
Debt instrument, interest rate basis point above reference rate 3.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ cik1296884_CategoriesOfLoanAndCommitmentsAxis
= us-gaap_LineOfCreditMember
   
Debt instrument, interest rate at end of period 3.18%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ cik1296884_CategoriesOfLoanAndCommitmentsAxis
= us-gaap_LineOfCreditMember
   
Debt instrument, maturity date Jun. 19, 2016    
Line of credit facility, maximum borrowing capacity 25,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ cik1296884_CategoriesOfLoanAndCommitmentsAxis
= us-gaap_LineOfCreditMember
   
Line of credit facility, amount outstanding 19,900,000us-gaap_LineOfCredit
/ cik1296884_CategoriesOfLoanAndCommitmentsAxis
= us-gaap_LineOfCreditMember
  19,900,000us-gaap_LineOfCredit
/ cik1296884_CategoriesOfLoanAndCommitmentsAxis
= us-gaap_LineOfCreditMember
Line of credit facility, number of Marco OP Units used as collateral 440,311cik1296884_OperatingPartnershipUnitsUsedToSecureLineOfCredit
/ cik1296884_CategoriesOfLoanAndCommitmentsAxis
= us-gaap_LineOfCreditMember
   
Mortgage Backed Securities [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Marco OP units, with an adjusted cost basis, not in escrow 4,430,000us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesMember
  4,832,000us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesMember
Gross gains related to sales of securities and early redemptions of MBS $ 300,000us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesMember
$ 1,200,000us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesMember
 
Available for sale securities debt maturity minimum period 27 years    
Available for sale securities debt maturity maximum period 30 years