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Investments in Unconsolidated Real Estate Joint Ventures (Details 3) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Dec. 31, 2014
Balance Sheets:      
Real estate, net of depreciation $ 62,585us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets   $ 55,091us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
Real estate, net of depreciation, held for sale 0us-gaap_InventoryRealEstateHeldForSale   31,334us-gaap_InventoryRealEstateHeldForSale
Other assets 8,790us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets   1,193us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
Other assets, held for sale 486us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherAssets   2,458us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherAssets
Total assets 71,861us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets   90,076us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets
Mortgage payable 25,077us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities   19,820us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
Mortgage payable, held for sale 0cik0001442626_MortgagePayableHeldForSale   23,569cik0001442626_MortgagePayableHeldForSale
Other liabilities 3,315us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities   2,812us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
Other liabilities, held for sale 18us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherLiabilities   1,026us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
Total liabilities 28,410us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilities   47,227us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilities
Members’ equity 43,451us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquity   42,849us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquity
Total liabilities and stockholders' equity 71,861us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity   90,076us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
Operating Statement:      
Total revenues 683us-gaap_Revenues 599us-gaap_Revenues  
Property operating expenses (280)cik0001442626_EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses (229)cik0001442626_EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses  
Income before debt service, acquisition costs, and depreciation and amortization 403us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss 370us-gaap_EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss  
Interest Expense (181)us-gaap_InterestExpense (186)us-gaap_InterestExpense  
Acquisition costs 0us-gaap_BusinessCombinationIntegrationRelatedCosts 0us-gaap_BusinessCombinationIntegrationRelatedCosts  
Depreciation and amortization (212)cik0001442626_DepreciationAndAmortizationUnderEquityMethodInvestments (200)cik0001442626_DepreciationAndAmortizationUnderEquityMethodInvestments  
Operating income (loss) 10us-gaap_OtherOperatingIncomeExpenseNet (16)us-gaap_OtherOperatingIncomeExpenseNet  
Gain on sale of real estate 29,197us-gaap_GainLossOnSaleOfProperties 0us-gaap_GainLossOnSaleOfProperties  
Net income (loss) 29,207us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss (16)us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss  
Net (income) loss attributable to JV partners (28,838)us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable 11us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable  
Net income (loss) attributable to common stockholders 369cik0001442626_NetIncomeLossEquityMethodInvestmentTotal (5)cik0001442626_NetIncomeLossEquityMethodInvestmentTotal  
Amortization of deferred financing costs paid on behalf of joint ventures (7)us-gaap_AmortizationOfFinancingCosts 0us-gaap_AmortizationOfFinancingCosts  
Equity in income (loss) of unconsolidated joint venture $ 362cik0001442626_IncomeLossFromEquityMethodInvestmentsUnconsolidated $ (5)cik0001442626_IncomeLossFromEquityMethodInvestmentsUnconsolidated