Debt - Additional Information (Details)	3 Months Ended
	Mar. 31, 2016 USD ($) property Room	Mar. 31, 2015 USD ($)	Apr. 01, 2016	Dec. 31, 2015 USD ($)	Dec. 30, 2015
Line of Credit Facility [Line Items]
Minimum net worth required for compliance (as a percent)	85.00%
Positive net income requirement for net worth compliance (as a percent)	75.00%
Debt	$ 372,759,000			$ 381,515,000
Carrying value	471,353,000			618,844,000
Deferred finance costs, net	7,953,000			$ 8,267,000
Amortization of deferred financing fees	$ 927,000	$ 1,156,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Interest coverage ratio	2.25			2.25	2.50
Maximum borrowing capacity under term Loan facility	$ 300,000,000
Maturity period of revolving line of credit	May 15, 2017
Sublimit for letters of credit outstanding	$ 15,817,000
Net unused borrowing capacity	$ 265,199,000
Percentage of spread on federal funds effective rate	0.50%
Minimum net worth required for compliance	$ 379,044,000
Effective leverage ratio (less than)	40.00%
Stockholders distribution covenant, interest coverage ratio	3.0
Minimum liquidity required by covenant	$ 125,000,000
Payments of capital distribution	$ 50,000,000
Percentage from sales of properties and non-core assets	65.00%
Senior Secured Credit Facility
Line of Credit Facility [Line Items]
Deferred finance costs, net	$ 2,264,000			$ 2,768,000
Austin, Texas
Line of Credit Facility [Line Items]
Guest room hotel | Room	413
Carrying value of multifamily project to secure non recourse loan	$ 33,415,000
Austin, Texas | Multi Family Property
Line of Credit Facility [Line Items]
Number of units of multifamily project | property	257
Austin, Texas | Multi Family Development Properties
Line of Credit Facility [Line Items]
Carrying value	$ 50,527,000
Senior Notes
Line of Credit Facility [Line Items]
Principal amount of debt	$ 8,600,000
Redemption price, percentage	99.00%
Debt	$ 216,495,000			224,647,000
Gain on extinguishment of debt	127,000
Unamortized debt issuance cost	225,000
Secured Debt
Line of Credit Facility [Line Items]
Debt	15,400,000			15,400,000
Secured Debt | Austin, Texas
Line of Credit Facility [Line Items]
Debt	15,400,000
Other indebtedness
Line of Credit Facility [Line Items]
Debt	28,514,000			$ 28,083,000
Other indebtedness | Austin, Texas | Multi Family Property
Line of Credit Facility [Line Items]
Debt	23,936,000
Letter of Credit | Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility, letters of credit sublimit	$ 100,000,000
LIBOR | Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	4.00%
Base Rate | Revolving Credit Facility
Line of Credit Facility [Line Items]
Percentage of variable spread on base rate	3.00%
30 day LIBOR rate | Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.00%
Scenario, Forecast | Revolving Credit Facility
Line of Credit Facility [Line Items]
Interest coverage ratio			2.50