Business Combinations and Sale of Joint Venture Equity Interests (Tables)

9 Months Ended

Sep. 30, 2012

Business Combinations and Sale Of Joint Venture Equity Interests [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The amounts allocated to the major assets acquired and liabilities assumed are preliminary, and are as follows:

	Springhouse at Newport News		The Reserve at Creekside Village		Total
Land	$	6,500,000	$	1,920,000	$	8,420,000
Building and improvements		27,481,311		17,919,495		45,400,806
Furniture, fixtures and equipment		1,010,818		416,796		1,427,614
In-place lease value		818,879		452,467		1,271,346
Cash and cash equivalents		40,803		334,946		375,749
Restricted cash		272,999		373,004		646,003
Accounts receivables, prepaids and other		63,634		36,868		100,502
Total assets		36,188,444		21,453,576		57,642,020
Mortgage payable		26,482,194		15,002,061		41,484,255
Accounts payable		1,667		44,594		46,261
Other accrued liabilities		249,595		228,211		477,806
Due to affiliates		495		1,087		1,582
Noncontrolling interest		5,816,058		4,628,334		10,444,392
Net Assets	$	3,638,435	$	1,549,289	$	5,187,724

Business Acquisition, Pro Forma Information [Table Text Block]

The information presented below is not necessarily indicative of what the actual results of operations would have been had we completed these transactions on January 1, 2011, nor does it purport to represent our future operations (in thousands, except per share data):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Revenues	$	1,557,675		$	1,540,165		$	4,657,892		$	4,490,259
Depreciation and amortization	$	(459,906	)	$	(450,007	)	$	(1,359,919	)	$	(2,621,366	)
Net loss	$	(1,113,930	)	$	(465,162	)	$	(1,710,806	)	$	(2,895,977	)
Net income (loss) attributable to noncontrolling interest	$	11,461		$	112,445		$	257,957		$	(588,227	)
Net loss attributable to common shareholders	$	(1,125,392	)	$	(577,607	)	$	(1,968,763	)	$	(2,307,749	)
Net loss per common share	$	(0.61	)	$	(0.70	)	$	(1.28	)	$	(3.06	)