Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Assets
Investment in real estate, net of accumulated depreciation of $191,502 and $163,209, respectively	$ 867,867	$ 889,222
Cash and cash equivalents	0	68
Restricted cash-furniture, fixtures and other escrows	16,274	14,420
Due from third party managers, net	7,829	4,391
Other assets, net	5,438	4,763
Total Assets	897,408	912,864
Liabilities
Credit facilities	64,590	45,300
Mortgage debt	215,763	218,719
Accounts payable and accrued expenses	24,449	20,796
Intangible liabilities, net	8,227	8,874
Total Liabilities	313,029	293,689
Shareholders' Equity
Preferred stock, value issued	0	0
Common stock, no par value, authorized 200,000,000 shares; issued and outstanding 92,140,005 and 92,840,914 shares, respectively	912,063	919,605
Distributions greater than net income	(327,708)	(300,454)
Total Shareholders' Equity	584,379	619,175
Total Liabilities and Shareholders' Equity	897,408	912,864
Series A Preferred Stock [Member]
Shareholders' Equity
Preferred stock, value issued	0	0
Series B Convertible Preferred Stock [Member]
Shareholders' Equity
Preferred stock, value issued	$ 24	$ 24